How to Filter Stocks and Options in the Same Window
You can populate an Option Chain with options produced from a WatchList of stocks that have been filtered. Then you can Filter those options using newly created or saved conditions. Steps to filtering both a WatchList of stocks and a WatchList of options in the same window are below.
1. Right click on the chart and choose Option Chain from the drop down menu
2. This will display the option chain for the current active symbol.
3. Click the ticker symbol drop down
4. Select WatchList with the radial button. Choose from the WatchList Library the list to Filter
5. Click Underlying Symbol Filter
This opens the Edit Conditions window where you can either choose conditions from the Library or create new conditions with which to filter the underlying symbols list.
Click the Add Condition button and select Choose Condition(s). This example will use a condition set previously created and saved.
6. Select the condition/condition set you desire to use to filter the underlying symbols
In the Search field type the name of the condition(s) to be used for the Filter.
If you don't know the name of the condition(s) you can use the Categories to narrow the list and scroll to find the desired condition/condition set.
7. Select the Conditions to use
Click on the Condition set name in the list to initiate the scan for the selected WatchList. Click OK to apply to the underlying symbols WatchList
8. The WatchList of Stocks Now has the Filter applied.
This reduces the number of stocks to only those which meed the Filter conditions.
9. Review Results
The list of options is now based on the Filtered WatchList of stocks. (In this example, the US Common stocks list of over 6500 stocks is reduced to just 14. The Options displayed are from only those 14 stocks.)
The total number of stocks found with the Scan conditions is always at the bottom of the WatchList window.
10. Edit Condition Set
To re-enter/Edit the Condition Set Click the WatchList Drop down
Click the Underlying Symbol Filter(x) dropdown.
Click on any of the Conditions. Change criteria settings in the Editor. Click OK when completed.
11. Filter a different WatchList for the Condition/Condition Set
Click the WatchList dropdown menu to select a different WatchList. Click on the name of the desired WatchList to make it the active list being filtered by the Filter condition(s).
1. You now have the List of Options from the Scanned list of stocks (up to 10,000 Contracts maximum).
The number of options displayed can be seen at the bottom of the Option Chain.
2. Place a checkmark beside Filter in the WatchList
The checkmark activates the Filter menu from which conditions can be selected or created.
3. Click the Filter Drop Down (default says "No Conditions")
To create a new Condition/Condition Set open the Condition editor.
4. Create the first condition
Click the Add Condition icon and choose Add True/False Column
Type the name of the criteria to be used for the condition, then click on the item.
Note: In this example we will build a Condition set looking for options with Open Interest of greater than 300, daily volume of greater than 50 and Options Delta of at least .30. However, many indicators, options criteria, formula, etc., in the condition criteria library can be used for constructing a condition/condition set.
The condition is set (greater than). Set the Value field to 300
Note: when creating individual conditions, click the Save button to name and add them in the condition library for re-use.
5. Add the next condition
Click + Add Condition to open the condition wizard. Select Choose Condition(s).
Use the typing shortcut in the Search field to type part of the word Volume. (The example will be: Volume greater than 50 contracts). Select Volume from the list.
Set the Greater Than value to 50.
6. Add final condition
Click + Add Condition to open the condition wizard. Select Choose Condition(s).
Use the typing shortcut in the Search field to type part of the word Delta. (The example will be: Options Delta greater than .30). Select Options Delta from the list.
Set the Condition (Greater Than) value to .30 and click Copy To.
When constructing Condition Sets, click the Save Condition Set button to name and add the set to the Condition Group library for re-use.
Select Window in Current Layout
Optional: Name the condition set to reflect what is being filtered for.
This opens target mode. Click Add Column & Sort in the Option Chain Window
7. Review Results
The list of options from the Filtered list of stocks has now been sorted for the conditions applied. A checkmark exists beside each option from the list that meets the Filter criteria
To Filter by the created condition set, click the Filter icon, and activate the filter by clicking the tick box so that the filter icon appears next to the appropriate condition set.
The Filter is now active and only those option contracts that meet the conditions applied from the list of filtered underlying stocks are visible in the Option Chain window.
The total number of stocks or options found with the Filter conditions is always at the bottom of the WatchList window.
The options being viewed are those that meet the selected criteria at the top of the option chain window.
The time stamp next to Filter shows when the conditions were last updated.
To refresh the Filter results click the icon which looks like two arrows going in a circle.
Refresh Rate: TC2000 Platinum users can select the interval at which the WatchList will be filtered for new results.
8. Edit Condition Set
To re-enter/Edit the Condition Set conditions, click on the blue Funnel icon
Click the name of the Filter
Click on any of the Conditions
Change criteria settings in the Editor. Click OK when completed.
9. Filter a different WatchList of stocks for the Condition/Condition Set on Options
Click the WatchList dropdown menu to select a different WatchList. Click on the name of the desired WatchList to make it the active list being filtered by the condition(s).
10. Stop the Filter
Uncheck the Filter tick box to stop the conditions from filtering the WatchList
To apply the condition(s) to any time frame, click the TimeFrame dropdown to choose the desired bar interval.
Note: the conditions in this article are only examples. Any indicators, fundamentals, PCFs, etc., within TC2000 can be used in an EasyScan.
The conditions and results of the Scan examples should not be construed as a recommendation to buy or sell any security. They are presented solely for educational purposes.