Here you’ll find helpful definitions and resources for the available criteria to add to your Brutus Options Ranker strategies.
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Theta
Theta estimates the decay in the options contracts value per day assuming no move in the underlying. Theta is extremely important for premium sellers as it indicates the maximum erosion of time value each day.
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Criteria Help
Rho
Rho is the rate at which the price of the trade changes relative to a change in the risk-free interest rate.
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Criteria Help
Market Cap
Market cap of the underlying. Calculated by multiplying shares outstanding by share price.
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Criteria Help
Call Open Interest All Strikes
This is a liquidity indicator – this is the amount of open call contracts across all available strikes
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Downside Protection
The percent move down that the underlying can make until the trade begins to show a loss at expiration. The nearest expiration is used for the basis of calculation for time spreads.
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Upside Protection
The percent move up that the underlying can make until the trade begins to show a loss at expiration. The nearest expiration is used for the basis of calculation for time spreads. Note a value of 100% signifies no losses to the upside, while a value >100% (very rare) signifies a break-even at greater than double the underlying price.
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Margin % of Underlying Price
The initial margin requirement (buying power reduction) as a percentage of the underlying price for 100 shares.