Premium screener · Arithmetic, not AI

Option Premium Screener Which options pay more than the risk justifies.

settledtrading.com screens cash-secured puts and covered calls on your own chains, then ranks what survives on four axes. Where a fat premium is really payment for a scheduled event, it says so — with the date attached.

Read a real screen

No card · no broker link needed to start
Read-only — it cannot place an order
No language model in the data path

Suggestion · what the card looks like

quotes 4 min old

87.15 · sell 82.50 put · 38d · 0.24Δ · 1 contract

Candidate

EV

$214

Annualised

14.8%

Prob. OTM

78%

Collateral

$8,250

break-even 80.36spot 87.151σ band

Implied 24.1% against realised 17.9% — a positive spread on a name whose IV sits at the 41st percentile of its own year. Nothing scheduled before expiry.

And what it says no to

SMCI

Avoid

IV 94% · richest premium on the board

Earnings in nine days, inside the expiry. You are being paid the going rate for a coin flip.

PEP

Caution

spread 4.1% of mid · OI 180

The edge is real on paper and gone at the fill. One axis failed, and it is named on the card.

Four questions, asked in order.

The browser and the overnight scanner run literally the same functions, so a card you watched and a finding filed at 3am were scored by identical code. Black–Scholes for the leg, Yang–Zhang for realised vol, an IID bootstrap for VaR and CVaR — all local.

Axis
The question
How it is measured
What it rejects

VRP

Is implied above realised?

ATM implied volatility against a Yang–Zhang estimate over roughly a year of daily bars.

Names where you'd be selling cheap vol.

IVR

Is it rich for this name?

A percentile against the name's own history, never against the market's.

30% IV on a stock that always prints 30%.

YLD

What does the cash earn?

Yield on a delta-targeted leg, annualised on the collateral actually tied up.

Big-looking premiums on huge collateral.

LIQ

Can you get out?

Relative spread and open interest on the exact leg being suggested.

An edge smaller than the spread.

Then
the
dock

Every name is penalised for known binary events. An earnings date inside your expiry does not make the premium wrong — it makes it compensation. Being paid the going rate for a coin flip is not an edge, and the screener will say so with the date attached.

One of four answers, with its reasons attached.

Rejections stay on screen under their own tab. Knowing what was thrown out, and why, is half of what a screener is for — and tomorrow it lets you check whether the screener was right.

Candidate

2 of 11 · 9 Aug

Clears all four axes and nothing is scheduled. Sized to your collateral target, with the fill it assumed.

Marginal

thin, not wrong

Real edge, small edge — or the size doesn't fit your limit cleanly. Tradeable; rarely the best use of the cash.

Caution

one axis failed

A wide spread, thin open interest, a stale quote, or a rank saying this premium is normal here. The axis is named.

Avoid

filed, not hidden

Paid for the gap, not the wait. Kept with the reason so the record is complete when it expires.

Eleven names in. Two worth the collateral.

The default universe is the top 100 US-listed companies by market cap, one row per issuer — dual classes collapsed, preferreds and warrants dropped. Type over it and screen whatever you like.

0.27s

a warm chain against ~17s cold — the disk cache is ~65× faster

6h

quote TTL — a stale bid/ask is a wrong number shaped like a right one

1,236

checks across 13 suites, none of them touching the network

Underlying
Leg
EV
Ann.
Verdict

87.15

82.50P · 38d

$214

14.8%

Candidate

AAPL

313.15

295P · 31d

$186

11.2%

Marginal

PEP

168.40

160P · 45d

$92

6.1%

Caution

SMCI

31.36

28P · 30d

−$61

—

Avoid

SMCI printed the richest premium on the board at 94% IV. It also reports in nine days. The screener docked it to last place and said why.

Your account, your chains

Delayed CBOE chains and Nasdaq bars out of the box. Connect Interactive Brokers through IBKR's own OAuth screen for live data — nothing is typed into settled, and access is scoped to one account.

Read-only, enforced

Five read tools on an allowlist and a guard that refuses anything order-shaped. It screens and suggests; it cannot place, modify or cancel. Covered calls only — never naked.

No model in the loop

No language model anywhere in the data path — no API key, no per-run cost, no text to parse. Every number came out of local maths you can read.

30 days is long enough to be proved wrong.

One full position seen through to expiry — the only test of a screener that means anything. No card, and the clock starts when you accept the terms, not when you sign up.

Plan
Price
What it means
 

Trial

30 days

Everything, no card, once per account.

Quarterly

€15

€5 a month, billed a quarter at a time. Renews automatically every three months until you cancel, and you can cancel from the account page whenever you like.

Yearly

€55

Twelve months for the price of eleven. The discount is the free month — no other maths. Renews automatically each year until you cancel.

Referrals

Six free months when someone you referred pays — not when they sign up. Credit is spent before anything is charged.

Find out in 30 days whether it was right.

No card, no brokerage connection needed to start, and the rejected names stay on screen so the record stays complete.