Thinkorswim Covered Call Screener - In python i developed a covered call screener that finds the nearest otm call strike, total return(extrinsic value/underlying price), and return per day(total return/days until expiration). Today we’ll be discussing covered calls and how to create them within the thinkorswim web app. We’ll start by learning what they are, how they work, and how. Try this play without a script. Sell covered calls weekly for ~0. 5% premium per week or monthly for ~2. 0% premium per month that have around 80% probability to expire otm. It’s a way to maintain covered call positions on many stocks. It also allows you to set other criteria such as how much you want to collect in premium or are willing to spend to roll the position, etc. In under 30 minutes, we'll teach you how to build a simple, yet powerful covered call calculator for thinkorswim, to find the most profitable calls to sell. Setting up a covered call screener / scanner in thinkorswim is easy. If you want to skip the cash secured put and go directly to covered calls this is for you.
In python i developed a covered call screener that finds the nearest otm call strike, total return(extrinsic value/underlying price), and return per day(total return/days until expiration). Today we’ll be discussing covered calls and how to create them within the thinkorswim web app. We’ll start by learning what they are, how they work, and how. Try this play without a script. Sell covered calls weekly for ~0. 5% premium per week or monthly for ~2. 0% premium per month that have around 80% probability to expire otm.
