Provide the best 3 stocks

How the Screener Fits Your Request

Your last request was to “find specific stocks” to use in options strategies with about $90 of capital, after we discussed vertical spreads and iron condors.
The screener your colleague built is clearly tailored for:

• Options trading, not stock-only buying
• Small-dollar, defined-risk trades (like the ones we discussed)
• Liquid, tight-spread underlyings where options are reasonably priced and tradable

Below is how each filter serves that goal.

Screening Filters

1. Price: 20–80 USD

   • Purpose: Target mid-priced stocks where option contracts are usually affordable enough for small accounts and spreads are practical.
   • Rationale:
     • On very high-priced stocks (e.g., $300+), even 1-lot verticals or iron condors can cost well over $90 in buying power or risk.
     • Very low-priced stocks (< $20) often have poor options liquidity, wide spreads, and less reliable price behavior.
     • The 20–80 band is a sweet spot: options are typically active, and you can often structure verticals or iron condors within your ~$90 budget.

2. Monthly Average Dollar Volume ≥ 5,000,000 USD

   • Purpose: Ensure highly traded, liquid stocks to avoid slippage and bad fills.
   • Rationale:
     • Dollar volume (price × volume) captures how much money actually trades in the stock.
     • ≥ $5M/month focuses on names where institutional and retail activity is meaningful, which usually translates into:
       • Tighter bid–ask spreads on the stock and its options
       • Easier entries and exits for swing trades
     • This is critical when working with small capital—you can’t afford large slippage or bad execution.

3. Exchange: XNYS (NYSE) and XNAS (NASDAQ)

   • Purpose: Limit results to major U.S. exchanges with strong regulation, transparency, and robust options markets.
   • Rationale:
     • NYSE and NASDAQ list most blue‑chip and high-quality growth names, which typically have:
       • Mature options chains
       • Better liquidity and tighter option spreads
     • Avoids OTC or illiquid foreign listings that would be hard or risky to trade with options.

4. Index Component: GSPC (S&P 500) or NDX (Nasdaq 100)

   • Purpose: Focus on large, well-known, institutional-grade companies.
   • Rationale:
     • The S&P 500 and Nasdaq 100 are composed of large and mega-cap stocks with:
       • Active options markets
       • Generally tighter spreads
       • More reliable pricing behavior for technical or volatility-based strategies
     • For verticals and iron condors, this is ideal—you want predictable, liquid underlyings rather than speculative microcaps.

5. is_optionable: True

   • Purpose: Only include stocks that actually have listed options, necessary for your strategies.
   • Rationale:
     • Since your plan is to trade vertical spreads, condors, or other options setups, non-optionable stocks are irrelevant.
     • This filter ensures every result is a valid underlying for the strategies we discussed.

6. Option IV Rank: 50–80

   • Purpose: Target stocks whose current implied volatility (IV) is moderately high compared to their own past, but not at extreme levels.
   • Rationale:
     • IV Rank (0–100) measures where today’s IV sits versus the past year (for example):
       • 0 = at the low end of its past IV
       • 100 = at the very high end
     • A range of 50–80 means:
       • Options are rich enough in premium to make selling strategies (like iron condors or credit spreads) attractive.
       • But not so extreme (e.g., > 90) that you’re likely stepping into binary-event risk (earnings, major news) where moves can be violent.
     • This matches the earlier suggestion: make use of time decay and elevated IV, while keeping risk more controlled.

Why These Results Match Your Request

• You asked for specific stocks to use in options strategies with limited capital.
• These filters collectively focus on:
  • Liquid, well-known U.S. large caps (S&P 500 / Nasdaq 100, NYSE/Nasdaq listed)
  • Affordable stock prices that make low-cost spreads feasible with ~$90
  • Active options markets (is_optionable = True, sufficient dollar volume)
  • Favorable IV environment for income-based or defined-risk strategies (IV rank 50–80)

We do support all the key criteria needed for your request (price, liquidity, optionability, IV rank), and the screener is well-aligned with creating verticals or iron condors in a small account. The “best 3 stocks” will be the names at the top of this list, sorted by highest dollar volume, meaning most liquid and most tradable for your purposes.