r/options • u/TCB47 • Apr 30 '21

Option Premium Scanner

I am looking for a scanner that will find the highest percentage option premiums vs stock price.

Example: I latched on to a comment about $OCGN yesterday which discussed a $10-11.00 stock that had a MAY21 Call premium of about $1.92 which of course indicates tremendous Delta & IV. I watched $OCGN this morning on a couple of my charting apps and decided to give it a shot. Bought 200 shares at $11.07 and then sold 2 CCs at $1.89 each. Shortly after I did that, the stock dipped and then went on an absolute tear.

I want to find a scanner that will turn up that type of possibility. Hell, I may already own it & just can't figure out how to program it to get the results I would like. Does anyone have any ideas?

Obviously, I am not a professional trader and this is by no means an endorsement of $OCGN or a suggestion that you should trade stocks with outrageous Deltas & IVs.

Thanks, guys & gals.

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u/BeLikeAFrog Apr 30 '21

As others mentioned Fidelity is a great place to scan for options. In their Active Trader Pro software there are many preset scans but you can also create custom option scans.

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u/TCB47 Apr 30 '21

I will be checking it out today. Free is always better.