Straddle Filter

DEFINING THE COLUMNS FOR STRADDLE SCREEN
Column  1 Stock 52 Week High: highest high price for last 260 days
Column  2 Stock 52 Week Low: lowest low price for last 260 days
Column  3 Volatility: short-term 30 day
Column  4 Net Change: (current closing price)-(closing price on prev expiration)
Column  5 Stock Name
Column  6 Ex-Dividend Date: next
Column  7 Dividend Amount: current
Column  8 Dividend Status: * = confirmed; blank = estimated
Column  9 Stock Ask Price 
Column 10 Stock Volume: in 100's
Column 11 Option Ticker Symbol
Column 12 Call Option Strike Month
Column 13 Call Option Strike Price plus C: for call
Column 14 Call Option Ask Price: Buy 1
Column 15 Call Option Volume: actual
Column 16 Call Option Open Interest: actual
Column 17 Put Option Strike Month
Column 18 Put Option Strike Price plus P: for put
Column 19 Put Option Ask Price: Buy 1
Column 20 Put Option Volume: actual
Column 21 Put Option Open Interest: Buy 1
Column 22 Cost to put on position:
          Cost = (100 * call option ask price) + (100 * put option ask price)
          + ($60.00 option commission) 
Column 23 Quick Volatility: QV = (52 Week Range) / (52 Week Mean)
          where 52 Week Range = (52w High - 52w Low)
                52 Week Mean  = (52w High + 52w Low) / 2         
Column 24 # of Days to Expiration
Column 25 Stock Ticker Symbol

We scan our equity-option database and report all the straddle combinations
that cost $2 or less and are within 25 cents of the strike price.  This
screens the cheapies and we look for some volatility.
These options are cheap because many do not move. Note well the option volume
and open interest, which are often zero.  Watch for big increases in volume
in the weeks before expiration!  The straddle screen is great the week of
expiration.  Sometimes we do not do the straddle, but buy one side or the other.
This is where you find the HOME RUNS, but also lots of STRIKE OUTS.  This is a
low cost, high risk screen. Love it when they go from a teeny or an eighth to a
buck.  Good tip...stock price should be at least twice the 52 week low.

         THIS IS A VALUE SCREEN - NOT A DIRECTION SCREEN.  BUY WISELY!