Options Scan Hacker in ThinkorSwim

[YungTraderFromMontana]

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.

 

[rad14733]

@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...

 

[tradersf]

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!

 

[rad14733]

@tradersf We don't have access to the time and sales trade data for any instrument type so what you want can't be accomplished in Thinkorswim using Thinkscript...

 

[desiben]

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

 

[rad14733]

@desiben Unfortunately, that isn't an option within the scanners... There is no option to subgroup by symbol...

 

[desiben]

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

 

[rad14733]

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]

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]

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...

 

[bigverm23]

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

 

[MerryDay]

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?

 

[bigverm23]

it doesnt allow, or it doesnt work? it allowed me just fine.

 

[MerryDay]

it doesnt allow, or it doesnt work? it allowed me just fine.

ToS does not support the use customized filters in the Option Hacker.
Whether it threw an error code not withstanding.

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

 

[joetimismith]

Title says it all. Is there some code that can describe the condition above so I can screen for options with a greater Mark_Price*Open_Interest than 5 million?

Thanks!

 

[Wenclarence]

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]

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!!!!!

 

[Wenclarence]

Wouldn’t that be cool!!!!!

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.

 

[stone]

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?

 

[stone]

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.

The spread hacker is cool, but it doesn’t allow you to add study filters. Limited info to use

 

[Shooters_Gotta_Shoot]

A workaround:

Definitely not a scanner by any means, but if you already know the underlying equity you want to trade and what spread you are going after, this displays the data much more efficiently.

https://usethinkscript.com/threads/...mulated-trades-tutorial-for-thinkorswim.9909/