The Option Screener component uses information from Thomson Reuters to allow you to scan Canadian and U.S. options and find covered call and calendar strategies that meet your investment criteria.
Criteria Definitions:
- Analyst Consensus Rating: Compilations provided by Thomson Reuters which are aggregates of analysts’ buy, outperform, hold, underperform, and sell recommendations for each of the subject companies. TD Direct Investing provides these compilations for your information only and they are not our recommendations. TD Direct Investing does not provide recommendations or advice to its Direct Investment clients.
- Underlying Price: The underlying price of the security.
- Days to Expiration: The number of days to expiration for the option(s) in the strategy.
- Max Return: The maximum return of the option strategy if the underlying price is equal to the strike price of the sold option at expiration.
- Max Return (Annualized): The annualized maximum return.
- Price Neutral Return (Annualized): The annualized return of the strategy if the price of the underlying security at expiration equals the current underlying price.
- Probability Expiry ITM: The probability of the option(s) expiring 1 cent or more in-the-money.
- Mark: The mid-point between the Bid and Ask price of the strategy.
- Implied Volatility: The implied volatility of the option(s).
- Downside Protection: The percentage the underlying security can drop until expiration and the strategy can still be closed at it’s break-even price.
- Dividend Yield: The dividend yield of the underlying security.
- Strike Price: The strike price of the option(s).
Disclaimer
Probability metrics are modelled by Thomson Reuters and leverage market info such as stock price, dividend yield, interest rates, day to expiry and implied volatility derived from option prices to arrive at their calculation.
Probability analysis results are theoretical in nature, not guaranteed, and do not reflect any degree of certainty of an event occurring for any security.
These metrics and results are not reviewed or endorsed by TD Waterhouse Canada Inc., The Toronto-Dominion Bank or its subsidiaries.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Please read Characteristics and Risks of Standardized Options at http://www.optionsclearing.com/components/docs/riskstoc.pdf before investing in options.