Strangle Scanner
Strangle scanner for volatility trading. Find liquid out-of-the-money call and put setups, catalysts, IV context, and defined risk.
Frequently asked questions
Strangle vs straddle - which is better?
Strangles cost less but need bigger moves. Straddles cost more but profit sooner. Choose based on your expected move size and capital.
What strikes should I use for strangles?
Common approach: 0.20-0.30 delta on each side, giving roughly 70-80% probability of the stock being between your strikes at expiration.
Can I sell strangles instead?
Yes, short strangles profit if the stock stays between strikes. But they have unlimited risk and require margin. Only for experienced traders.