How to Use a Credit Spread Scanner
How to use a credit spread scanner: learn to scan bull put and bear call spreads using liquidity, IV, strike width, and risk filters.
Frequently asked questions
What is a credit spread scanner looking for first?
Liquidity comes first. Start with underlyings and option chains that trade cleanly, then compare strike placement, DTE, and volatility context.
Is the highest credit spread always the best setup?
No. Higher credit often means the short strike is closer to the current price or event risk is elevated. The better setup is the one with risk, reward, and thesis alignment that fits your plan.
Should I scan bull put spreads and bear call spreads together?
Usually it is cleaner to separate them by thesis. Grouping bullish and bearish structures together can make it harder to compare strike distance and risk consistently.