Help & Documentation

Learn how to use Put Spread Analyzer to find and evaluate options trading opportunities

How It Works

Put Spread Analyzer scans thousands of options contracts in real-time across tech, AI, and semiconductor stocks to identify high-quality trading opportunities. Our analysis combines multiple factors to help you make informed decisions.

Analysis Process:

  1. Fetches live options data from market sources for your selected watchlist
  2. Calculates probability of profit using Black-Scholes model with implied volatility
  3. Evaluates risk/reward ratios, expected values, and liquidity metrics
  4. Generates composite scores (0-100) weighing multiple quality factors
  5. Filters and ranks opportunities based on your criteria

Composite Score Formula

Our proprietary scoring system weighs: 40% Probability of Profit (reliability), 30% Risk/Reward Ratio (efficiency), 20% Expected Value (mathematical edge), and 10% Liquidity (execution quality). Scores above 70 are considered excellent opportunities.

Getting Started

1. Select Your Watchlist

Choose from pre-configured watchlists (Tech Giants, AI Leaders, Semiconductors) or create custom lists with your preferred stocks.

2. Choose Your Strategy

Toggle between Put Spreads (defined risk, lower capital) or Naked Puts (higher returns, unlimited risk).

3. Apply Filters

Set minimum thresholds for days to expiration (DTE), probability of profit, return on capital, and composite score to match your risk tolerance.

4. Analyze Results

Review the sorted table, examine visualizations, and export filtered results to CSV for deeper analysis or record-keeping.