Knowledge Base
Ranker Calc: Max Covered Return
Last Updated: October 6, 2022

Article

Max Covered Return

How are Criteria used in the Brutus Ranker?

Criteria are used in the Brutus Options Ranker with an objective specific to your strategy's goal.  The objective can be to minimize, maximize, or target the criterion to a specific value.  The criterion's measure can also be used to filter trades out of your results.  This knowledge-base article gives you a preview of the Max Covered Return calculation details, but the full details can only be viewed inside the app.
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Ranker Calculation – Max Covered Return

The max covered return of a position is applicable to net-short options positions and describes the maximum profit possible, in percentage terms, against a capital outlay which fully covers the risk in the position.

Scope

Contract Scoped

Measurement Type

Options Measure

Membership Access

Freemium

How to Use In Your Brutus Options Ranker Strategy

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View More in the Ranker App

This knowledge-base article is only a preview of the Max Covered Return criterion calculation.  View more in the Brutus Options Ranker App.  No registration required.
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