Screening Filters
Market Cap ≥ 10,000,000,000 (≥ $10B)
- Purpose: Focus on large, established tech companies.
- Rationale:
- Large-cap stocks tend to have deeper, more liquid options markets (tighter bid–ask spreads, better fills), which is important when buying long calls.
- Bigger companies are usually more widely followed and less prone to extreme, random price swings than micro/small caps, making them more suitable for directional but risk-aware option trades.
PriceAboveMA20 (Price above 20-day moving average)
- Purpose: Ensure the stock is in a short-term uptrend or at least showing recent strength.
- Rationale:
- A long call benefits from upward price movement; choosing stocks trading above their 20-day moving average aligns with a bullish technical setup.
- This filter attempts to avoid names in clear short-term downtrends, where long calls have a lower probability of paying off.
Sector: Technology / Software & IT Services / Technology Equipment / Semiconductors & Semiconductor Equipment
- Purpose: Restrict the universe to technology-related companies, matching your sector preference.
- Rationale:
- You explicitly asked for a technology sector call option; these sub-sectors capture the main tech areas where liquid options and growth narratives are common.
- Including software, equipment, and semiconductors broadens the tech universe while staying true to the theme.
List Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)
- Purpose: Limit results to major U.S. exchanges.
- Rationale:
- Options on NYSE and NASDAQ stocks are generally more liquid and better regulated.
- This reduces the chance of ending up with thinly traded, hard-to-enter-or-exit options that often occur in OTC or very small foreign markets.
is_optionable = True
- Purpose: Ensure the stocks actually have listed options.
- Rationale:
- Since you want a long call option, the underlying must be optionable.
- This filter removes companies that do not have an options chain, which would be unusable for your goal.
option_sentiments = Bullish
- Purpose: Align with market participants who are already positioning bullishly in the options market.
- Rationale:
- If existing option flow, implied volatility skew, or positioning is bullish, it can support the thesis for buying a long call.
- This filter is designed to surface names where options traders (not just stock traders) expect upside, reinforcing your bullish directional bet.
Why Results Match Your Request
- They are technology-sector companies (including key tech sub-sectors you’d realistically consider for growth and options strategies).
- They have options available and trade on major U.S. exchanges, supporting better liquidity and execution for long calls.
- They are larger-cap names, making their options markets more robust and spreads typically tighter.
- They show short-term bullish technical behavior (price above the 20-day MA), aligning with a long call’s need for upward price movement.
- They exhibit bullish options sentiment, indicating that other market participants are also betting on upside, which fits the idea of looking for a “good” long call candidate today.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.