I want peeny stock options

Screening Filters

1. Price: 0.5 ≤ price ≤ 5

   • Purpose: Capture “penny stocks” by share price.
   • Rationale: In U.S. markets, penny stocks are commonly understood as low-priced shares, often under $5. Setting the range from $0.50 to $5 focuses on cheap stocks while avoiding ultra‑illiquid sub‑penny names that often trade below $0.50 and are harder to trade or optionable.

2. Market Cap: max $2,000,000,000 (≤ $2B)

   • Purpose: Keep the universe in the smaller‑company space typical of penny stocks.
   • Rationale: True penny stocks are usually small or micro caps. Capping market cap at $2B helps avoid large, established companies whose prices may be temporarily depressed but don’t fit the “penny stock” profile you likely have in mind.

3. Beta: HighRisk

   • Purpose: Filter for higher‑volatility names.
   • Rationale: Options traders often seek volatility because it can lead to larger price moves (and more potential profit for option positions). High beta flags stocks that move more than the overall market, which tends to align with speculative penny stock trading.

4. Monthly Average Dollar Volume: min $1,000,000

   • Purpose: Ensure reasonable liquidity.
   • Rationale: Many penny stocks are extremely illiquid, which makes both stock and options hard to trade at fair prices. Requiring at least $1M in dollar volume per month reduces the odds of getting stuck in names with very wide spreads or no real trading activity.

5. List Exchange: XNYS, XNAS, XASE (NYSE, Nasdaq, NYSE American)

   • Purpose: Keep results to major U.S. exchanges.
   • Rationale: Most listed options in the U.S. are on stocks from major exchanges, not OTC/pink sheets. Limiting to NYSE, Nasdaq, and NYSE American helps find penny‑range stocks that are regulated, more transparent, and more likely to have options.

6. Is Optionable: True

   • Purpose: Directly enforce your requirement for options.
   • Rationale: Not all stocks—especially penny stocks—have listed options. This filter guarantees that every stock returned actually has tradable options available, which is central to your request.

Why Results Match Your Request

• The price and market cap filters focus on genuinely low‑priced, smaller companies consistent with “penny stocks.”
• The is_optionable and major exchange filters ensure those penny‑range names are actually tradable with listed options on mainstream U.S. markets.
• The liquidity and high‑beta filters tilt the list toward more actively traded, more volatile penny stocks, which are typically more suitable for options strategies than illiquid, stagnant names.