How are you guys going about screening for underlyings for applying options strategies? Do you have your favorite strategy and then use screens to find setups for that strategy? Or do you have favorite stock(s) that you exclusively follow and just apply whatever strategy makes sense at the time given volatility etc. ? What types of screens are you using 200MA, volume, volitility, etc? I'm specifically looking at the screen tool provided by finviz, and the filters on the technical tab? http://finviz.com/screener.ashx?v=111&ft=3 Thanks for your replies. FYI I'm a newb
Yes on both questions. Build your own screeners. Using someone else's will not give you good results. Everyone has the same data. It's how you interpret it that matters.
There are some stocks and ETFs that I follow regularly, and I also use some screening tools to find new stocks that could be in play. I use thinkorswim's screening and pattern finding tools, and I also use the Trade Ideas stock screener. http://www.trade-ideas.com/StockInfo/_ScreenerConfig.html
I would start with screening for stocks that have had large vol moves on the day, then look for option trades in those names. After that you can add more parameters to refine your results.