Find Actionable Options Trading Insights Every Hour

This new feature is available to all Firstrade clients at no extra cost.  It can help traders find the highest yielding opportunities to sell credit spreads using OptionPlay's  proprietary scanning technology. Investors can use this report to leverage technical directional strategies, liquidity metrics and high-yielding credit spreads all in a single report to discover high-quality actionable trade setups.

Credit spreads are one of the most popular income generation strategies due to their high probability of profit and limited risk profile.

Our report scans for optimal opportunities on an hourly basis to help investors find the best credit spreads instantly and filters for very liquid optionable symbols to ensure that trades can be executed at a fair price.

Additionally, using OptionsPlay's proprietary algorithms, the trade setups are filtered even further to ensure that the credit spreads receive a minimum of 33% of the vertical width and are in line with the technical view. Investors can also analyze the IV Rank and Earnings date in the report to ensure that the trade setup is in line with their strategy.

We’ve integrated a trade button within the report to save investors even more time! With this feature, users can seamlessly open an options order ticket right from the Credit Spread Report table. Simply click on the trade button on a trade that you’d like to place, and it will instantly open and populate the exact details of that particular trade setup for quicker analysis and execution.

To use this report, clients can simply login to their Firstrade account on their desktop and go to Research & Tools > Options > Credit Spread Report to get started. This feature is currently available on the desktop platform and will be on the app very soon.

To learn more about this report and how you can utilize it to generate income and build confidence in your options trading, watch this video.

Clicking on the trade button will populate a trade ticket with details of your chosen trade setup for quicker analysis and execution.

Firstrade offers the best deal for options traders with $0 commission trades, $0 options contract fees and no deposit minimums, maintenance or inactivity fees. Firstrade was named a Top Pick for Options Traders by Kiplinger’s in 2020. To learn more about Firstrade’s options offer, click here.

Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.