Day trade options for today

Screening Filters

1. Market Cap ≥ $1,000,000,000

   • Purpose: Focus on larger, more established companies.
   • Rationale: For day trading options (like you’re asking about with ENPH), you usually want underlying stocks that are liquid, widely followed, and less prone to extreme illiquidity or manipulation. A $1B+ market cap helps ensure the names are more stable and heavily traded, similar to Enphase Energy (ENPH).

2. Beta: HighRisk (High Beta)

   • Purpose: Target volatile stocks.
   • Rationale: Day traders need price movement to make intraday gains. A higher beta means the stock tends to move more than the overall market—just like ENPH, which is typically quite volatile. This is essential for day-trade options, where small underlying moves can translate into larger percentage moves in the option.

3. Monthly Average Dollar Volume ≥ $500,000

   • Purpose: Ensure strong trading liquidity.
   • Rationale: High dollar volume means lots of money flowing through the stock each day, which usually translates to tighter bid-ask spreads and faster fills—critical for day trading and especially for entering and exiting options quickly without huge slippage.

4. Sector: Renewable Energy / Energy / Energy – Fossil Fuels

   • Purpose: Keep results in or near ENPH’s industry space.
   • Rationale: ENPH is a renewable/energy-related name. By focusing on Energy and Renewable Energy sectors, you’ll see stocks whose catalysts, news flow, and trading behavior are closer to ENPH. That way, if you like how ENPH trades, these will “feel” similar from a sector/volatility standpoint.

5. Themes: Renewable Energy, Electrical Vehicles, Technology

   • Purpose: Capture growth/clean-tech/energy-transition names similar to ENPH.
   • Rationale: ENPH sits at the intersection of energy and tech/clean energy. These themes narrow results to stocks that tend to move on the same macro stories (rates, subsidies, EV/solar headlines, etc.) and often show high retail/institutional trading interest—good for intraday option activity.

6. Region: United States

   • Purpose: Restrict to U.S.-listed underlying stocks.
   • Rationale: You’re asking about ENPH (a U.S.-listed name), and U.S. markets have highly developed options markets, stable trading hours, and good liquidity. Staying in the U.S. keeps trading hours straightforward and aligns with where ENPH trades.

7. Listed Exchange: NYSE (XNYS), Nasdaq (XNAS), AMEX (XASE)

   • Purpose: Limit to major U.S. exchanges.
   • Rationale: Stocks on these exchanges generally have better liquidity, tighter spreads, and more robust options chains. That’s exactly what you want when looking for day-tradeable option plays similar to ENPH.

8. Is Optionable = True

   • Purpose: Only include stocks with listed options.
   • Rationale: You explicitly asked for “day trade options,” so the underlying must have an options market. This filter ensures every stock returned supports option trading, so you can apply similar strategies to what you’d do on ENPH.

Why Results Match Your Intent

• You’re focused on day trading options on ENPH; these filters find similar, U.S.-listed, optionable, volatile, liquid energy/renewable/tech names that tend to behave like ENPH from a trading perspective.
• High beta + solid dollar volume + major exchanges + optionability = practical day-trade vehicles, where you can get in and out of option positions with reasonable spreads and meaningful price movement.
• Sector and theme selections ensure the names are conceptually close to ENPH (renewable/clean tech/energy), so they’re more likely to react to similar news and market drivers you may already be following for ENPH.