Need assistance setting up a custom Study (i think) for use in an Option scanner to identify options to sell with premium annualized to 30% or more:
Last * .3/52 >= Bid
For example, in a wheel strategy, if a stock is selling for $100, I would need at least .57 or more in premium when selling weekly puts to be the equivalent of 30% or more per year. An assistance in coding this for the scan I am working on would be greatly appreciated.
Last * .3/52 >= Bid
For example, in a wheel strategy, if a stock is selling for $100, I would need at least .57 or more in premium when selling weekly puts to be the equivalent of 30% or more per year. An assistance in coding this for the scan I am working on would be greatly appreciated.
