Highest option premium stocks

Screening Filters

1. is_optionable: True

   • Purpose: Restrict the list to stocks that actually have listed options.
   • Rationale:
     • Your question is about “option premiums,” which only exist for securities that have listed options.
     • Some stocks don’t have options at all; including them would be irrelevant to your request.
     • By requiring is_optionable = True, we ensure every result is a stock on which you can trade options and therefore observe/collect option premiums.

2. option_iv_rank: { min: 80 }

   • Purpose: Find stocks whose options are expensive relative to their own recent history, which is a strong proxy for “high option premiums.”
   • Rationale:
     • We don’t have a direct screener field like “highest premium in dollars,” but we do have Implied Volatility Rank (IV Rank).
     • IV Rank measures where current implied volatility (IV) sits compared to its range over a lookback period (commonly 1 year).
       • IV Rank 0 = current IV is at the lowest point of that period.
       • IV Rank 100 = current IV is at the highest point of that period.
     • High implied volatility typically means:
       • Higher time value in options.
       • Higher option premiums across strikes and maturities, all else equal.
     • By setting option_iv_rank ≥ 80, we’re focusing on stocks whose options are in the top 20% of their own historical “expensiveness”.
     • That makes this filter an effective way to locate names with unusually rich/juicy option premiums right now, relative to their normal levels.

Why Results Match:

• Your request: “Which stocks currently have the highest option premiums?”
• The system cannot directly screen by raw premium size (e.g., “options with price > $10”), so we use IV Rank as the best available proxy:
  • High IV ⇒ higher expected price movement ⇒ market prices in more risk ⇒ higher option premiums.
  • A minimum IV Rank of 80 zeroes in on cases where current option pricing is elevated versus that stock’s usual range, which is precisely when premiums are considered “high.”
• Requiring is_optionable = True ensures every result is actually tradable via options, directly aligning with the concept of “option premiums.”

So while we’re not literally ranking by premium dollars, the combination of “optionable only” plus “very high IV Rank” is a practical, data-supported way to surface stocks whose options are currently among the richest/most expensive in the market.