We are in the last quarter of the year, and we are happy to announce that the first version of this quarter just launched. It includes improvements to our software, new data points, and a new predefined scan.
Main features added in this version:
- Wheel Strategy: Wheel is a multi-step strategy that generates income from stable companies. It sells OTM put and, if assigned, generates income from covered-call. We’ve added predefined scan and new data points to help you get started.
- Control option-leg delta: We’ve added filters to control the legs delta on multi-leg strategy (such as spreads) to help you find the trades you want better.
- Improved details tab: When you click on a trade in the trade log or scan table, you will see more data about the strategy and stock.
- Social-media bot: We’ve added an integration that sends example scan results to our Twitter/Facebook/StockTwits. This will help you get ideas about possible scans you can run. We plan to add unique features, so stay tuned.
- Center of Mass improvement + Site improvement: We continued to improve the CoM report released last month and improved some more features on the site.
Wheel Strategy
The wheel is a multi-step strategy that generates income from stable companies. It sells OTM put and, if assigned, generates income from covered-call. We’ve added a ‘benchmark covered call’ return that will allow you to see the average At-The-Money 30 Days-To-Expiration Covered call return (and annualized return). Then, you can combine that with our other unique features in the naked put scanner to find good trades instantly. Some of the data points you can integrate with are: Dividend yield and payout ratio, stock score, beta, sectors&market cap, technical indicators, Value on strike (such as what will be the PE or div. yield if assigned), watchlists, and more.
Help article will be available soon.
You can see the predefined example here: Scanner
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Control option-leg detla
Due to popular demand, we’ve added a way to control the leg delta on a multi-leg strategy. When this filter is active, we will find the option with the delta closest to the target given. This is different from the regular logic of our filters, which use range. Read more here: Knowledge base
Some example use-cases are:
- Sell leg with delta 30, and find the optimal protective leg.
- Compare a specific spread across different stocks (like a 30-15 delta spread).
- Find the optimal spread across different expirations.
- implement a backtest on current market results
- and more
Improved details tab
We’ve improved the details tab across our platform and made it more usable:
We’ve added the delta column in the strategy tab, so now you can see the selected options: price, deltas, IV, and Open interest. You can also see the strategy Profit/loss chart.
In the stock tab: You can see fundamental data on the left and the technical data on the right. You see 27 data points on the left, including market cap, sector, ratios, short interest, beta, target price, and more.
on the right, you will see the price action chart and the break-even points for the strategy (and scenarios, if active.)
Center of Mass Improvements
Last month, we launched a new feature – the CoM report, that analyzes the daily traded options to find the ‘center of mass’ – the average point for the traded options, considering the volume and distance from the last price.
We’ve improved that report based on feedback, and in addition to highlighting the top bearish and bullish signals, we’ve added a table with all liquid stocks and their CoM so that you can check your watchlist against that report.
Social media bot and site improvements
We’ve continued to improve the site and added an integration that sends example scan results to our Twitter/Facebook/StockTwits. This will help you get ideas about possible scans you can run.
We are continuously improving the platform and delivering new versions. But more importantly, we keep adding value to our users. If you want to see a log of the past improvements, check our update feed here: https://samurai.froged.help/updates/en
Feel free to reach out with ideas and feedback to improve the platform and help you better.
The version is live. Go to Option Samurai to use it now.
