Online (free) screener for calendar spread

Handy Chandra said: "Dear all, I need help to find a trade of calendar spread using online screener, as Dr. Dan researched for vertical credit spread. Thank you in advance."

drdan said: "Sorry, I have not found a good free screener period. I do use OX's screener, but I am not completely happy with it. You get what you pay for. I might try the broker Options House. I hear that they have a Call and Put Spread Screener. I would like to see if it is any good. As for Calendar Calls, I like to find a nice slow steady upward moving stock, buy a LEAP and then keep selling the current month calls. To start out a stock I will usually sell the second month call, because I am going to hold on to it for a long period anyway. SO what I normally would do if I wanted to use OX's screener for this type of stock.... Stock price above $20, below $80, above the 52 week high, IV less than 20 Then look through the charts and see if one matches the nice slow upward trend. You can play with the numbers a little to get what you want such as increasing the IV which will get you better premiums but you will be called out more often. The reason I like stocks between 20 and 80 is also movement. I prefer stocks lower than 50 to be honest, because movement of a stock is percentage based. It is much harder for a stock below $50 to move 5 points (a 10% move) than it is say a stock at $100 (only a 5% move)."

Handy Chandra said: "[QUOTE=drdan]Sorry, I have not found a good free screener period. I do use OX's screener, but I am not completely happy with it. You get what you pay for. I might try the broker Options House. I hear that they have a Call and Put Spread Screener. I would like to see if it is any good. As for Calendar Calls, I like to find a nice slow steady upward moving stock, buy a LEAP and then keep selling the current month calls. To start out a stock I will usually sell the second month call, because I am going to hold on to it for a long period anyway. SO what I normally would do if I wanted to use OX's screener for this type of stock.... Stock price above $20, below $80, above the 52 week high, IV less than 20 Then look through the charts and see if one matches the nice slow upward trend. You can play with the numbers a little to get what you want such as increasing the IV which will get you better premiums but you will be called out more often. The reason I like stocks between 20 and 80 is also movement. I prefer stocks lower than 50 to be honest, because movement of a stock is percentage based. It is much harder for a stock below $50 to move 5 points (a 10% move) than it is say a stock at $100 (only a 5% move).[/QUOTE] Dr. Dan, Thanks for brief answer, but unfortunately I can't find the IV in stock screener in OX. Would you help to show us how to do with it ? Regards,"

drdan said: "Sorry in the OX screener you have to use Historical Volatility."