I need cash secured puts stocks picks

Screening Filters

1. is_optionable: True

   • Purpose: To ensure that the stocks selected have options available for trading.
   • Rationale: Since the user is specifically looking for stocks suitable for cash-secured puts, it is essential that the stocks have options contracts available. Without this filter, the results could include stocks that do not support options trading, making them irrelevant for the user's strategy.

2. market_cap: {'min': '20000000000'}

   • Purpose: To focus on large-cap stocks with a market capitalization of at least $20 billion.
   • Rationale: Large-cap stocks are generally more stable and less volatile compared to smaller companies. This stability is important for cash-secured puts, as the strategy involves taking on the obligation to buy the stock if the option is exercised. Large-cap stocks are also more liquid, which ensures smoother trading in the options market.

3. dividend_yield_ttm: {'min': '3'}

   • Purpose: To select stocks with a minimum trailing twelve-month (TTM) dividend yield of 3%.
   • Rationale: A higher dividend yield can provide an additional layer of income for the investor. If the stock is assigned (i.e., the put option is exercised), the investor will own a stock that pays a relatively attractive dividend, which aligns with the goal of generating income.

4. beta: ['ModerateRisk']

   • Purpose: To filter for stocks with moderate risk levels, typically indicated by a beta close to 1.
   • Rationale: Moderate-risk stocks are less volatile than high-beta stocks but still offer reasonable price movement. This is important for cash-secured puts, as excessive volatility could lead to significant price drops, increasing the risk of assignment at unfavorable prices.

5. pe_ttm: {'max': '15'}

   • Purpose: To focus on stocks with a price-to-earnings (P/E) ratio of 15 or lower.
   • Rationale: A lower P/E ratio indicates that the stock is relatively undervalued compared to its earnings. This makes the stock more attractive for cash-secured puts, as the downside risk is reduced when the stock is already trading at a reasonable valuation.

Why Results Match:

• The filters collectively ensure that the stocks are suitable for a cash-secured put strategy by focusing on large, stable companies with options availability, moderate risk, and attractive valuations.
• The inclusion of a dividend yield filter adds an additional income component, which aligns with the income-generating nature of cash-secured puts.
• By targeting undervalued, lower-risk stocks, the filters reduce the likelihood of significant losses if the put option is exercised, making the strategy more conservative and appealing to income-focused investors.