Options Strategy Screener 101

1. Overview – What This Tool Does

The Strategy Screener allows you to filter stocks and ETFs based on backtested strategy performance, not just option chain data. Instead of searching for contracts manually, you select a strategy type (ex: short put, wheel, spreads), define performance conditions, and the tool returns symbols that historically performed well with that strategy.

This tool is designed for traders who want to trade proven strategies backed by data, rather than guessing or trading based on hype.

2. Why Traders Use It

Traders use the Strategy Screener to:

• Find tickers where a strategy historically performs well
• Discover new symbols that fit their trading style
• Avoid bad setups by filtering out weak performance
• Focus only on strategies with high consistency
• Reduce research time dramatically

Instead of asking "What stock is best for this strategy?", the screener answers it based on results.

3. How to Use It (Step-By-Step)

1. Open Strategy Screener.
2. Choose a Strategy Type (short put, spreads, wheel, iron condor, etc.).
3. Select a Date Range for performance testing.
4. Set the Performance Filters, such as:
   • Minimum Win Rate %
   • Max Drawdown %
   • Profit Target Return
   • Average Monthly Profit
   • Sharpe/Consistency Score (if included)
5. Click Run Scan.
6. Review the list of tickers that passed your criteria.
7. Click a ticker to open deeper analysis or send to Backtester.

A single scan can replace hours of chart research.

4. Understanding Results

Your results will include strategy performance metrics such as:

• Win Rate – how often trades ended profitably
• Average Return – typical gain per trade
• Total Profit – combined P/L across the full test period
• Max Drawdown – largest portfolio drop
• Trade Count – number of trades executed historically
• Stability Score – consistency vs volatility
• Performance Curve – compound growth over time

High win rate + low drawdown often indicates strong candidate tickers.

5. Common Use-Case Examples

Example 1: Find Safe Income Trades
 Search for high win rate, low drawdown short put strategies to build passive monthly income.

Example 2: Compare SPY vs QQQ vs IWM
 Run the same strategy filter and see which historically performed best.

Example 3: Wheel Strategy Sourcing
 Scan for stocks where running the wheel had consistent positive returns.

Example 4: Build a Multi-Strategy Portfolio
 Find 3–5 tickers with strong backtested performance for diversification.

6. FAQ & Troubleshooting

What if no tickers show up?
Your filters may be too strict. Reduce minimum win rate or widen drawdown tolerance.

Does high win rate always mean safe?
Not always — check drawdown and frequency of losing streaks.

Can I run multiple strategies at once?
Choose one strategy per scan for most accurate filtering.

Can I send a ticker to the main Backtester?
Yes — use the linkage button if provided, or simply copy symbol into Backtester manually.

Why does performance vary between date ranges?
Market conditions vary. Testing across multiple periods increases confidence.