Find one I can do tomorrow

Screening Filters

1. Market Cap ≥ $5,000,000,000

   • Purpose: Focus on larger, more established companies.
   • Rationale: Big-cap stocks typically have:
     • Deeper options markets (tighter bid/ask spreads, better liquidity).
     • More stable price behavior vs micro/small caps, which can be erratic.
       This is important when you only have a small amount of capital ($32) because wide spreads and illiquid options can eat a large portion of your potential profit.

2. Stock Price Between $5 and $15

   • Purpose: Target moderately priced stocks to keep option premiums affordable.
   • Rationale:
     • Options are priced off the underlying stock. Lower-priced underlyings generally mean cheaper option contracts.
     • With a $5–$15 stock, it’s easier to find contracts where the total cost (premium × 100 shares per contract) can fit near your $32 budget, especially shorter-dated or out-of-the-money options.
     • Very low-priced stocks (<$5) are often riskier and can have poorer-quality options markets, so the lower bound helps avoid penny/OTC-style risk.

3. PriceAboveMA20 (20-day Moving Average)

   • Purpose: Filter for stocks in a short-term uptrend.
   • Rationale:
     • If the current price is above its 20-day moving average, it suggests positive momentum.
     • For an options trade (especially bullish strategies like calls or call spreads), starting with an uptrending stock increases the probability of a favorable move.
     • Since you asked for “a good option trade,” this introduces a momentum-based quality screen instead of picking random optionable stocks.

4. Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)

   • Purpose: Limit results to major U.S. exchanges.
   • Rationale:
     • Stocks on these exchanges generally have better regulation, transparency, and more active options markets.
     • This reduces the risk of illiquidity and odd trading behavior that can happen with OTC or foreign exchanges, which is critical when entering and exiting options efficiently “tomorrow.”

5. One-Month Rise Probability ≥ 55%

   • Purpose: Prefer stocks with a statistically higher probability of rising over the next month.
   • Rationale:
     • While no model can guarantee returns, a one-month rise probability above 55% means the stock has historically or statistically shown a mild bullish edge.
     • This aligns with your goal of finding a “good” options trade, since many retail-friendly options strategies (buying calls, call spreads, covered calls) benefit from some upward bias in the underlying.

6. is_optionable = True

   • Purpose: Ensure all stocks returned actually have listed options.
   • Rationale:
     • You specifically want to “trade options on” the stock tomorrow.
     • Many stocks do not have listed options; this filter guarantees every result is tradable via options (subject to your broker and availability).

Why Results Match Your Request

• Your request: “Find one stock from the previous screener results that I can trade options on tomorrow.”
• How the filters address that:
  • Option tradability is directly enforced with is_optionable = True.
  • Tradable tomorrow on major U.S. markets is supported by restricting to NYSE, NASDAQ, and NYSE American, where standard U.S. options trade.
  • Realistic for a small account is helped by the $5–$15 price range, which tends to produce more affordable option premiums, closer to a $32 budget than very high-priced underlyings would.
  • Higher-probability setups are targeted with PriceAboveMA20 and one_month_rise_prob ≥ 55%, so we’re not just picking any optionable stock, but ones with recent strength and a statistical tilt toward rising.

We do not have a direct filter like “options that cost ≤ $32” or “tradeable tomorrow by expiry date,” so we can’t guarantee every result will have a contract exactly at your desired premium or specific expiry. However, the filters applied are effective for narrowing down to liquid, established, bullish-leaning, optionable stocks in a price zone that is more likely to offer contracts you can realistically afford and trade as soon as the next session.