Show me a bank stock I can buy a PUT on.

Screening Filters

1. Market Capitalization ≥ $5,000,000,000

   • Purpose: Focus on large, established bank stocks.
   • Rationale: Bigger banks tend to have:
     • Deeper, more liquid options markets (tighter bid/ask spreads, more strikes and expiries).
     • Lower risk of extreme illiquidity or trading halts that can make options hard to trade. This aligns with your intent to buy a PUT option—you want underlyings where options are actively traded and reasonably priced.

2. Moving Average Relationship: PriceBelowMA200

   • Purpose: Identify bank stocks in a longer-term downtrend or showing technical weakness.
   • Rationale: When price is below the 200-day moving average:
     • It often signals a bearish or weakening trend.
     • This can make the stock more suitable for a bearish options strategy like buying puts, since the technical backdrop is not strongly bullish.

3. RSI Category: Moderate

   • Purpose: Avoid stocks that are extremely overbought or oversold.
   • Rationale: A “moderate” RSI:
     • Avoids very oversold names where a sharp bounce could quickly hurt a put position.
     • Avoids very overbought names where a reversal may already be underway or crowded. This aims for a more balanced technical setup where downside continuation is plausible, but you’re not chasing an exhausted move.

4. Sector: Financials

   • Purpose: Restrict results to financial companies.
   • Rationale: You explicitly asked for a bank stock. Banks sit within the broader Financials sector, so this ensures we’re looking at appropriate types of businesses tied to lending, deposits, and financial services.

5. Industry: Banking Services

   • Purpose: Narrow within Financials to actual banking-focused firms.
   • Rationale: Financials includes insurance, asset managers, exchanges, etc. Limiting to Banking Services:
     • Aligns precisely with your request for a bank stock.
     • Filters out non-bank financials that may trade differently from banks.

6. Listed Exchange: XNYS, XNAS, XASE

   • Purpose: Include only U.S.-listed stocks on major exchanges (NYSE, Nasdaq, NYSE American).
   • Rationale: Major U.S. exchanges:
     • Typically have better liquidity and tighter spreads in both stock and options.
     • Are easily accessible for most U.S.-based brokers and many international brokers. That’s important when you want to execute options strategies reliably.

7. Is Optionable: True

   • Purpose: Only include stocks that actually have listed options contracts.
   • Rationale: This is directly tied to your request:
     • To buy a PUT, the stock must have listed options.
     • This filter excludes any banks without options chains, so every result is feasible for your intended trade.

Why Results Match:

• The sector and industry filters ensure you only see bank stocks, not other financial firms.
• The is_optionable filter guarantees that every stock returned can be used for a put option trade.
• The market cap and exchange filters focus on large, liquid U.S.-listed banks, making option trading more practical and efficient.
• The PriceBelowMA200 and moderate RSI filters tilt the list toward technically weaker bank stocks, which is more consistent with a bearish thesis suitable for buying puts, while avoiding extremes that might quickly snap back.