About Hourglass Trader

Scans the entire options market to surface put contracts with the highest return on risk (RoR). Each row shows the ticker, strike price, stock price, how far out of the money the contract is, and the bid/ask spread.

The Premium Score column balances RoR with distance out of the money. A high score means a contract offers strong returns and a comfortable safety cushion — not just one or the other. Use the RoR and Strike sliders to narrow results, and filter by expiry date.

One of our favorites. This scanner flags large, unusual opening put sales so you can follow institutional money. When big players sell puts aggressively, it often signals conviction that a stock will hold or rise. The Notional column shows the dollar size of each trade so you can see exactly how much capital is behind it.

Key columns to watch:

• At/Below Bid: The trade was executed at or below the bid price — very aggressive and bullish. These are the ones to pay closest attention to.
• Spread: If this is checked and nothing else, the trade is part of a spread and should not be viewed as a standalone opening put sale.
• Roll: Indicates the trader is rolling an existing position to a new expiry or strike — still a bullish signal that they want to maintain the position.

Calculates the 14-period RSI for every stock in our tracked universe and surfaces oversold (RSI ≤ 30) and overbought (RSI ≥ 70) opportunities. Each stock also shows its current price and where it sits within its 52-week range.

The Alert column flags particularly interesting setups: stocks that are oversold and near their 52-week low, or overbought and near their 52-week high. These are the tickers approaching potential inflection points worth watching closely.

Use the RSI slider or quick-filter buttons to isolate exactly the zone you're interested in.

Detects sudden intraday price spikes using custom scripts running on 5-minute candles. A stock triggers when it moves 3%+ on a single candle with a volume surge and rising implied volatility — confirming the spike is real and IV is elevated.

When IV spikes temporarily, option premiums become inflated. This creates an opportunity to sell options at elevated prices and profit when volatility reverts to normal. The scanner catches these events as they happen during market hours.

Surfaces the day's biggest gainers and losers among optionable stocks. Filters to only show stocks above $5 with meaningful volume (≥ 500K shares), then verifies each candidate actually has active options contracts before including it.

Use the Gainers / Losers toggle to isolate one side of the market. The Change % and Change $ columns show the day-over-day move from the previous close, while Volume helps you gauge how much conviction is behind the move.

Scans over 3,000 optionable stocks to find where OTM call options are priced significantly higher than OTM puts at similar distances from the money. Unlike simple IV comparisons, this scanner uses a distance-adjusted price skew methodology — it compares actual option midpoint prices and accounts for the fact that a call priced higher than a put at a further distance from the money is an even stronger signal.

The Price Skew column shows the adjusted ratio — a value of 1.50x means OTM calls are 50% more expensive than equidistant OTM puts. The Top Pair column shows the specific call and put strike that exhibited the greatest skew, along with their midpoint prices, so you can verify the signal directly.

High call skew often reflects institutional demand for upside exposure, anticipated catalysts, or short squeeze dynamics. The scanner filters for liquid options only (tight spreads, real open interest, midpoints above $0.25) and excludes non-standard adjusted contracts from splits or special dividends.

A live dashboard of stocks we're actively tracking for options opportunities. Each stock shows its current price, 52-week range (with a visual bar showing where price sits today), and performance across multiple timeframes: today, 1 week, 2 weeks, and 30 days.

The Notes column includes a brief thesis for why each stock is on our radar — useful context when deciding whether an opportunity aligns with your own research.

See exactly what we're trading in real time. The Live Portfolio shows every open position, the strategy behind it, direction (bullish/bearish), entry price, current price, and live P&L. A banner at the top displays the week's total profit or loss.

While our tools can surface a lot of great data, there are no trades we're more confident in than the ones where we put our own money on the line. This is the most transparent way to see how we're executing our strategies.