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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » Possible to use PCF to detect if a stock has options that has spread of < $0.30?

Possible to use PCF to detect if a stock has options that has spread of < $0.30? Rate this Topic:
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pywong
Posted : Friday, January 4, 2008 11:48:22 PM
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Joined: 9/30/2007
Posts: 12
 Would it be possible to write a PCF to filter out stocks where option spread is < $0.30 for the next 3 month strike prices?
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jwilly333
Posted : Saturday, January 5, 2008 4:58:29 AM
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Joined: 5/23/2005
Posts: 13
 Although this would be very handy for us option traders, I believe TC does not have any option data and therefor could not do a scan like this. I have found that optionable stocks that have high volume (1M+) generally have smaller spreads - but this in not always true. Stocks that have smaller volumes and open interest seem to have larger spreads and I stay away from those. The best I have found it to just note it on a chart. I wish there was a way to add custom fields to the DB to add information like this.
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pywong
Posted : Monday, January 7, 2008 11:37:04 PM
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Joined: 9/30/2007
Posts: 12
 Thanks for the tip
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