Tech sector

Screening Filters

1. Sector = Technology

   • Purpose: Limit the search to tech stocks only.
   • Rationale: You explicitly asked for “good long call options … in the tech sector,” so this focuses on companies whose primary business is in technology (software, semiconductors, hardware, IT services, etc.), where option liquidity and growth narratives are often stronger.

2. Exchanges = XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)

   • Purpose: Restrict results to major U.S. exchanges.
   • Rationale: These exchanges list most large, actively traded tech names. That typically means:
     • Better liquidity in both the stock and its options
     • Tighter bid/ask spreads for call options
       This is important for “good” long call candidates because liquidity directly affects trading costs and execution quality.

3. Market Cap ≥ $10,000,000,000 (≥ $10B)

   • Purpose: Focus on large-cap tech stocks.
   • Rationale: Large caps:
     • Tend to have deeper and more liquid options chains
     • Usually have more stable fundamentals vs. tiny speculative names
       For buying long calls, this helps avoid illiquid, highly erratic small caps where options can be very wide spread and difficult to exit.

4. Moving Average Relationship = PriceAboveMA20

   • Purpose: Require the current price to be above its 20-day moving average.
   • Rationale: A long call is a bullish directional bet. Price trading above its short-term moving average is a basic sign of:
     • Upward or at least positive short-term trend
     • Momentum aligning with your bullish call thesis
       This filter avoids names in short-term downtrends where calls have a lower probability of paying off without a reversal.

5. One-week Predicted Return ≥ 0

   • Purpose: Include only stocks with non-negative (i.e., flat or positive) model-based expected return over the next week.
   • Rationale: While no model can guarantee outcomes, this attempts to:
     • Exclude stocks that statistical/quant models expect to decline near term
     • Keep candidates where the forecast doesn’t contradict your bullish options view
       This is especially relevant for short-dated calls, where near-term direction is crucial.

6. Is Optionable = True

   • Purpose: Ensure all results actually have listed options available.
   • Rationale: Since you are looking for “long call options,” the underlying must support options trading. This prevents returning stocks where you can’t implement the strategy at all.

7. Option Sentiments = Bullish

   • Purpose: Filter for stocks where current options market activity appears bullish.
   • Rationale: Bullish option sentiment (e.g., higher call volume, positive skew, call buying vs. put buying) suggests:
     • Other market participants are positioning for upside
     • Flows in the options market support a long call thesis
       This aligns your trade idea with the prevailing options flow rather than fighting it.

Why Results Match Your Request

• You asked for long call candidates, so filters emphasize bullish technical bias (Price above 20-day MA) and bullish options sentiment, plus non-negative short-term forecasts.
• You specified tech sector, so the sector filter and major U.S. exchange filters keep results focused on mainstream, liquid tech names where options trading is active.
• The large-cap and optionable filters help surface stocks whose options are more accessible, liquid, and practical to trade for a long call strategy.

Note: No filter can guarantee a “good” or profitable long call—options are risky and outcomes are uncertain. These filters are designed to increase the odds by focusing on liquid, large tech names with supportive trends and bullish options positioning.