Glossary
columns · statuses · strategies
Quality
- PASS
- Cleared every filter. Actionable signal.
- thin edge
- Picked a strike but edge < 5% — too close to fair. Watch, don't trade.
- low EV
- Picked a strike but conservative EV ≤ $0. Skip.
- wide quote
- Bid/ask spread > 35% of mid — chain illiquid, slippage eats edge.
- BE near 200d
- Strike break-even sits within reach of 200-day MA — too aggressive.
Catastrophe columns
- spot@
- Underlying price at signal time. Compare to live chart.
- K
- Option strike. P=put, C=call. OTM by design.
- DTE
- Days to expiration. Target 1–10d for theta.
- mid@
- Option premium at signal time (mid of bid/ask). What you sell.
- EV$
- Conservative expected dollars per contract.
- edge
- (model fair − market mid) / max-loss. Need > 5%.
Strategy
- Catastrophe options
- Sell short-dated OTM options after IV blow-out. Harvest IV-crush + theta. Naked single leg — one put OR one call.
- Gap fade
- Pre-market gappers expected to fill back to prior close.
- Waterfall bounce
- Mean reversion long after large-cap panic drops.
- Spread
- Here = bid/ask gap on option quote. NOT a credit spread.