When I create a Search for Weekly options I start by:
Click ‘Clear These Settings’. This will empty all the filter settings.
Select ‘All Weeklies’ as your Options Expiration Time Frame.
In the ‘Days to Expiration’ filter field enter a range of ‘2’ to ‘9’. This will filter out the options that have 1 day left to expiration but include the ones that expire 8 days away and will work for any day that you run your search.
Enter in basic criteria for premium and return. Examples (not suggestions 🙂 ):
- Option Bid 0.15 to ____ (or your preference)
- % Naked Yield 0.5 to ___
- % Out of Money 0.5 to ___ (or 1 to blank)
- Earnings Date – Not Between Now and Expiration
Remember to keep your search criteria simple and basic at first when looking for weekly options.
Once you submit that search you should see your desired results. You can now start to further filter the results based on your own stock criteria and option criteria, or increase the range OTM or premium you’d like to pull in.
In addition to that we have a default ‘Weekly Naked Put Search’ that is available in the ‘Search Settings Saved As’ drop-down menu. This search includes All Weeklies, but anyone can quickly alter that Search by adding in the ‘2 to 9’ Days to expiration and then add in their own search criteria.