What defines an iron condor in this scanner?

A four-leg defined-risk position: short put + long lower-strike put + short call + long higher-strike call, all in the same expiration.

How is max loss controlled?

By the wing widths. The scanner reports max loss per candidate alongside the credit collected.

No. Output is a ranked list of analytically attractive structures. Execution decisions remain user-directed.

Yes. Candidates with earnings inside the option's life are flagged so the elevated short-vega risk is explicit.

Four-leg evaluation requires liquidity checks on every leg and probability modeling that materially differs from single-leg ranking.

Pro Scanner

Defined-risk neutral structures ranked on credit-to-width ratios and event sensitivity.

Quantitative research outputs — not trading instructions. Execution remains user-directed.

Rank	Symbol	Structure	Capital	Max Profit	Expected Return
1	XXX	Sample structure	$XX,XXX	$XXX	X.XX%
2	YYY	Sample structure	$XX,XXX	$XXX	X.XX%
3	ZZZ	Sample structure	$XX,XXX	$XXX	X.XX%

Pro

The full ranked output for this scanner is part of the Pro tier. Sign in to view sample coverage; upgrade to unlock the full ranking.

Quantitative research outputs — not trading instructions. Execution remains user-directed.

All four legs liquidity-screened — bid-ask spreads checked at each strike before admission.
Credit-to-width ratio computed at the position level as the primary capital-efficiency metric.
Probability of finishing inside the wings derived from current implied volatility.
Distance from current spot to short strikes expressed in standard-deviation terms.
Event windows (earnings, dividends, macro releases) flagged when inside the option's life.
Composite rank balances credit-to-width, probability metrics, and event sensitivity.

Credit ranking alone ignores the width — and width determines max loss.
Probability metrics are often shown without a consistent IV-derived basis.
Liquidity is checked on outer legs but not always on inner legs, leaving partial-fill risk.
Event windows are commonly omitted from the ranking signal.

What defines an iron condor in this scanner?: A four-leg defined-risk position: short put + long lower-strike put + short call + long higher-strike call, all in the same expiration.
How is max loss controlled?: By the wing widths. The scanner reports max loss per candidate alongside the credit collected.
Are these signals?: No. Output is a ranked list of analytically attractive structures. Execution decisions remain user-directed.
Do you handle earnings?: Yes. Candidates with earnings inside the option's life are flagged so the elevated short-vega risk is explicit.
Why is this Pro-only?: Four-leg evaluation requires liquidity checks on every leg and probability modeling that materially differs from single-leg ranking.

Quantitative research outputs — not trading instructions. Execution remains user-directed.