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.

Monitors the entire stock market in real time and flags stocks experiencing sudden spikes in both price and implied volatility. The scanner compares each stock's current ATM implied volatility against its 30-day historical volatility to confirm that IV has genuinely spiked — not just price.

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 IV Premium column shows how many times higher current IV is relative to normal — the higher the number, the more elevated the premium.

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.