Imagine you want to buy 100 shares of a great company, but you think the current price is a little too high. Instead of just waiting, you can sell a "Put Option."
By doing this, you agree to buy the stock at a lower, discounted price that you choose. In exchange for making that promise, you get paid cash upfront (a premium). If the stock drops to your chosen price, you buy it at the discount. If it never drops, you simply keep the cash. You just need to keep enough cash in your account to back up your promise.
When you are slightly bullish on a stock and would be perfectly happy owning 100 shares of it at a lower price.
Our screener looks for stocks with an RSI below 30 (oversold) combined with high Implied Volatility to maximize the premium you collect.
Vectorized screener for Cash Secured Puts is currently in development...