Something in tech sector

Screening Filters

1. monthly_average_dollar_volume ≥ $2,000,000

   • Purpose: Ensure the underlying stocks are liquid and actively traded.
   • Rationale:
     • Higher dollar volume usually means tighter bid–ask spreads and better execution, both in the stock and its options.
     • For a beginner buying long calls/puts, illiquid names can make it hard to get in/out at fair prices, so this filter reduces that risk.

2. moving_average_relationship: PriceAboveMA20

   • Purpose: Focus on stocks in a short‑term uptrend.
   • Rationale:
     • Price above the 20‑day moving average signals recent positive momentum.
     • This is especially useful when looking for long call candidates, since a call benefits from rising prices.
     • Even if you later consider puts (e.g., after a trend reversal), starting from strong, actively trending names tends to give cleaner technical setups than choppy, directionless stocks.

3. sector: Technology / Software & IT Services / Technology Equipment

   • Purpose: Restrict results to the tech space, as requested.
   • Rationale:
     • You specifically asked for an options idea in the tech sector.
     • These three categories capture the core of listed tech: broad tech, software/cloud/IT, and hardware/equipment names.
     • Tech stocks also tend to have meaningful price swings, which is important when you’re buying options (you need movement to overcome time decay).

4. list_exchange: XNYS, XNAS, XASE (New York Stock Exchange, Nasdaq, NYSE American)

   • Purpose: Limit to major U.S. exchanges.
   • Rationale:
     • Stocks on these exchanges generally have better regulation, transparency, and liquidity.
     • Options on major‑exchange names usually have more volume and open interest, making them more suitable for a new options trader.

5. is_optionable: True

   • Purpose: Only show stocks that actually have listed options.
   • Rationale:
     • You’re looking for a long call or long put, so the stock must have tradable options.
     • This filter removes any tech stocks that don’t have an options chain, keeping results directly actionable.

6. option_iv_rank: 20–70

   • Purpose: Target stocks whose options have moderate implied volatility relative to their own past.
   • Rationale:
     • IV Rank < 20: options are historically cheap, but often because the stock isn’t moving much—bad for a long option buyer who needs movement.
     • IV Rank > 70: options are historically expensive, often due to events (earnings, major news) and carry more “vol crush” risk after the event—dangerous for a new trader.
     • Keeping IV Rank between 20 and 70 aims for a balance: enough volatility for movement, but not so high that you hugely overpay for time premium.

Why Results Match Your Request

• The sector filters ensure you only see tech-related stocks, in line with your desire for a tech long call/put.
• is_optionable guarantees every result actually has options you can buy.
• Liquidity filters (dollar volume + major exchanges) make the underlying and its options more practical and safer to trade, especially for a first options trade.
• PriceAboveMA20 steers you toward stocks with recent positive momentum, giving a more natural starting list for potential long call ideas.
• IV Rank 20–70 focuses on names where options are neither extremely cheap nor extremely expensive, which is a sensible range for a beginner buying options.

Note: None of these filters can guarantee a “successful” trade; they’re designed to improve the quality and tradability of the candidates so you can then apply further analysis (chart, fundamentals, catalyst, risk size, and time frame) before choosing a specific long call or put.