Knowledge Base

Topics: 6. Criteria Help

Here you’ll find helpful definitions and resources for the available criteria to add to your Brutus Options Ranker strategies.

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Write: How to Use Write in Your Brutus Options Ranker Strategy

The opening of a trading position in any market by selling a financial instrument.

Volume: How to Use Volume in Your Brutus Options Ranker Strategy

The total number of trading transactions that take place on a given trading day.

Volatility Smile: How to Use Volatility Smile in Your Brutus Options Ranker Strategy

A smile-like shape formed on a graphic representation of variance in implied volatility across different strike prices of the option that has the same...

Vega: How to Use Vega in Your Brutus Options Ranker Strategy

Vega is one of the Options Greeks which quantifies the predicted change in the option contracts value in response to a 1% change in...

Theta: How to Use Theta in Your Brutus Options Ranker Strategy

The greek that calculates an option premium's related to time decay. This is an extremely important parameter for premium sellers.

Put Volume All Strikes: How to Use Put Volume All Strikes in Your Brutus Options Ranker Strategy

The Put Volume All Strikes criterion is the sum of all put options volume across all available strikes and expiration dates. Volume is the...

Put Open Interest All Strikes: How to Use Put Open Interest All Strikes in Your Brutus Options Ranker Strategy

The Put Open Interest All Strikes is the sum of open interest across all available put option strikes and expiration dates.

Pricing Options: How to Use Pricing Options in Your Brutus Options Ranker Strategy

Pricing options are different price options relating to options contracts. The Bid price is the price that the buyer is willing to pay. The...

Option Volume: How to Use Option Volume in Your Brutus Options Ranker Strategy

The Option Volume is the specific volume for an exact contract. Volume is the number of contracts for a specific strike and expiration that...

Open Interest: How to Use Open Interest in Your Brutus Options Ranker Strategy

Open Interest indicates the number of all open options contract for the particular option. This is an important measure of liquidity as it indicates...

Notional Risk: How to Use Notional Risk in Your Brutus Options Ranker Strategy

Notional Risk, sometimes called Notional Value, is the total risk of a derivatives contract.

Mid Price: How to Use Mid Price [Options] in Your Brutus Options Ranker Strategy

The contract or spread mid price is the price between the bid and ask prices currently on offer for the option contract or the...

Intrinsic Value: How to Use Intrinsic Value in Your Brutus Options Ranker Strategy

Intrinsic Value is the portion of the option's price attributed to the contract already being in the money.

Implied Volatility: How to Use Implied Volatility [Contract] in Your Brutus Options Ranker Strategy

Implied Volatility defines the individual contract's or spread's implied volatility. Implied volatility at a contract level is the volatility implied for the future...

Gamma: How to Use Gamma in Your Brutus Options Ranker Strategy

Gamma is an Options Trading Greek which determines the rate of change in option's delta with a 1-point move in the underlying asset. I.e.,...

Extrinsic Value: How to Use Extrinsic Value in Your Brutus Options Ranker Strategy

Extrinsic value is also known as time value. The amount of time remaining in the option is a key value for pricing and determines...

Delta: How to Use Delta in Your Brutus Options Ranker Strategy

"Delta" is the most commonly quoted Greek word that determines the change in option price in correspondence to the change in the underlying security's...

Days to Expiration: How to Use Days to Expiration [DTE] in Your Brutus Options Ranker Strategy

Days to Expiration gives the amount of time left in the option contract or in the nearest dated option in an options spread.

Covered Return: How to Use Covered Return in Your Brutus Options Ranker Strategy

The covered return is an indication of the percent potential return against the notional risk, or the amount of money that may be required...

Call Volume All Strikes: How to Use Call Volume All Strikes in Your Brutus Options Ranker Strategy

The Call Volume All Strikes is the sum of all call options volume across all available strikes and expiration dates. Volume is the number...

Call Open Interest All Strikes: How to Use Call Open Interest All Strikes in Your Brutus Options Ranker Strategy

The Call Open Interest All Strikes is the sum of open interest across all available strikes and expiration dates.

Break-Even Price: How to Use Break-Even Price in Your Brutus Options Ranker Strategy

The Break-Even Price is the price at expiration which either a single contract or a spread will have neither any loss or gain for...

Bid-Ask Spread: How to Use Bid-Ask Spread in Your Brutus Options Ranker Strategy

The difference between the bid price and ask price which indicates how close the buyers and sellers are to an average price. Liquid stocks...

Bid Price: How to Use Bid Price in Your Brutus Options Ranker Strategy

The bid price is the most competitive price for a stock or an option at which a buyer is willing to purchase the asset....

Beta Weighting: How to Use Beta Weighting in Your Brutus Options Ranker Strategy

Beta is the correlation or sensitivity of a stock to the overall market. Beta weighting involves normalizing your entire portfolio into reference terms...

Ask Price: How to Use Ask Price in Your Brutus Options Ranker Strategy

The ask price is the most competitive price of stock or an option at which a seller is willing to sell. Conversely, this is...

Annualized Return on Risk: How to Use Annualized Return on Risk [AROR] in Your Brutus Options Ranker Strategy

Annualized Return on Risk is calculated by taking the maximum possible return from the position divided by the notional risk (max loss) that could...

Annualized Return on Capital: How to Use Annualized Return on Capital (AROC) In Your Options Trading Strategies

Annualized Return on Capital is calculated by taking the maximum possible return from the position divided by the margin requirement (capital requirement) to hold...

All Underlyings Market Group

The All Underlyings Market Group contains all the available underlying stock and ETFs that are available to assign to a strategy.

How do I view my strategy results?

In this article, we show you how to navigate to and receive your Brutus Options Ranker strategy results.

What is a Strategy Tree?

The Strategy Tree is a visual representation and building tool that enables you to create your own Brutus Options Ranker strategies.

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