This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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This item retrieves a list of options, for the US markets, from a Covered Call Screener. The Screener displays each day, the potential candidates for a covered call strategy, with several measures, like the percentage of Return on Exercise, or the Probability of Max Return.
The first time you start the item, you will be prompted to create a custom database. This database, whose name is 'options_covered_call', contains the following fields:
Price: This is the underlying security price
Option: This is the option symbol name
Type: Returns 'C' for a call and 'P' for a put Strike: This is the option strike price
Expiry: This is the expiration date of the option
Bid: This is the last day option price
Vol: This is the option last day volume
OpenInterest: This is the option open interest volume
TimeValue: This is the time value expressed in percentage
ROE: This is the return on exercise expressed in percentage
Prob: This is the probability of maximum return
You can use the QuantShare watchlist to keep track of changes in the screener.
Just a quick reminder, in order to access custom database data using the vector-based language, you can use the function: 'GetData' or create your own functions using the 'Custom Functions' plug-in.
You can see an example and download the item that gets Covered Put data here: Covered Put Screener
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