Options Scan Hacker in ThinkorSwim

YungTraderFromMontana

Well-known member
Does anybody have the code for an options scanner that can implement P/C ratio or sizzle? I wanted to use a scan like this to confirm options plays that I was thinking of doing. This could save a lot of time from going into options statistics if I'm looking through a lot of stocks. Thank you.
 
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Solution
The ToS Options Hacker Module doesn't allow the using of custom scripts to scan against options related data. We aren't allowed to use custom Thinkscript code in the Options Scanner.
https://usethinkscript.com/threads/options-scan-hacker-in-thinkorswim.5114/#post-50289

E3DVssl.png

Here is an example of the 'native filters' available in the Options Hacker Scanner which are limited to the use of minimum / maximum
https://usethinkscript.com/threads/stock-price-trades-higher-than-the-option-chain.10865/#post-95715
Vizphwr.png


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rad14733

Well-known member
VIP
@vicsurf You are most likely struggling because your request is somewhat beyond the scope of the capabilities of Thinkscript... What you might be able to extrapolate visually from calculations and the Option Chain can't be readily coded...
 
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tradersf

New member
Does anyone know how to build a scanner for big option trades? I am looking for:
1. Scan by premium: any trade's premium more than 5 million
2. Scan by volume: any trade's volume more than 10000

Any advices are welcome! Please help!
 

desiben

Member
Hello

I am trying to avoid duplicate stock symbol in the option hacker scanner search result. For example: I only want to see one Option Search result for a particular stock. Now I see a bunch from one stock itself. Is there a custom script to avoid this in the Scanner?

For example: I want to avoid this and only show one Single option search result from .AAL
image.png
 

rad14733

Well-known member
VIP
there is no custom script I can use to today show only 1 result from a underlying symbol?
How do you group it ?

@desiben As I stated, it cannot be done... Reread my previous post... There is no limit capability...

However, if you only want it for one symbol, you could set the Show to 1 and then use GetUnderlying() == "AAL" as a Study Filter... That would only show one option for AAL and only AAL...
 

owensan02

New member
Hello! Does anyone know if it is possible to scan only for monthly expiration options? If I dont want any weeklies and just the OPEX expirations only, like 8/20/21, 9/17/21 etc. Also, is it possible to scan for options bought above ask? I know this might not be possible, but Im just confirming. Thanks!
 

rad14733

Well-known member
VIP
Hello! Does anyone know if it is possible to scan only for monthly expiration options? If I dont want any weeklies and just the OPEX expirations only, like 8/20/21, 9/17/21 etc. Also, is it possible to scan for options bought above ask? I know this might not be possible, but Im just confirming. Thanks!

There is no way to scan for options bought above ask as we cannot extrapolate that data via Thinscript...
 
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bigverm23

New member
in my Option Hacker I have the following :

Option > Volume: min 5,000
Study > Unusual Volume - current volume increased at least 20% from typical avg over 50 periods
Study > Custom - volume > open interest
 
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MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
in my Option Hacker I have the following :

Option > Volume: min 5,000
Study > Unusual Volume - current volume increased at least 20% from typical avg over 50 periods
Study > Custom - volume > open interest
And as stated, ToS does not allow for the use of custom studies in the Option Hacker. Do you have an additional question?
 

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
it doesnt allow, or it doesnt work? it allowed me just fine.
"Allowed" as ToS does not give us the ability to successfully to use the Option Hacker in this manner.
Whether it threw an error code not withstanding.

The uTS forum is not affiliated with TDAmitrade. If a greater explanation of what is and is not allowed within the use of the Option Hacker would be better answered by ThinkOrSwim Support.
 

Wenclarence

New member
Hi!

Is it possible to create a watchlist that will automatically screen and shortlist potential trades for vertical spreads?

Eg. Trades with following parameters:

252 IVP > 50%
RSI > 70 or < 30
DTE >20, <60
*Range of Bid/Ask Strike prices (delta 20 - 10) with ROC > 3% for vertical spreads

*eg. 21 Jan 2022 AAPL
Sell 160 put ($1.16)
Buy 155 Put ($0.73)
= 9.8% ROC

Is it too much to ask for the script to screen options chain?
 

stone

Member
Hi!

Is it possible to create a watchlist that will automatically screen and shortlist potential trades for vertical spreads?

Eg. Trades with following parameters:

252 IVP > 50%
RSI > 70 or < 30
DTE >20, <60
*Range of Bid/Ask Strike prices (delta 20 - 10) with ROC > 3% for vertical spreads

*eg. 21 Jan 2022 AAPL
Sell 160 put ($1.16)
Buy 155 Put ($0.73)
= 9.8% ROC

Is it too much to ask for the script to screen options chain?
Wouldn’t that be cool!!!!!
 

stone

Member
I know right.. haha. I know the option hacker on TOS can screen and shortlist with some of these parameter.. but i thought it will be great if it can factor in some technical indicators as well.
I wonder if you took the list it gives you from option hacker (I haven’t used this feature, so I need to check that out); then create a watchlist for that so you don’t have to redo the scan. Then use your watchlist to add some chart features, like ema cross etc. hmmm. Are you able to give me a screen shot of the parameters you used on the hacker and I will work on some studies. Other than RSI what other study?
 

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