Analyst
Find the opportunity
Screen the market for rich option premium, volatility dislocations, dispersion, smile shape, and short-tenor setups that deserve attention now.
Find the opportunity. Understand the setup. Act with guidance.
Markets constantly leak information through volatility, skew, price path, news flow, leadership, and risk regime. TheTape turns those clues into a workflow: screen for what is mispriced, understand why it matters, and add the Client Experience when you want the signal translated into advice.
The signal workflow
Start with the active trading toolkit. Go deeper with market context, research, and strategy testing. Then layer on client guidance when you want recommendations, sizing logic, and management prompts tied to your risk profile.
Investor
Understand the setup
Use Stock Intel, RiskBeacon, LeadLag, and the Strategy Laboratory to connect the trade setup to news, technicals, volatility profile, and portfolio context.
+ Client Experience
Act with guidance
Turn qualified signals into risk-aware recommendations, roll and close notifications, and portfolio guidance from a registered investment advisor.
Analyst layer
Find what is mispriced
The active toolkit is built for discovery. Each screener looks at the market through a different lens so you can move from “there is a lot going on” to a short list of names, structures, and volatility setups worth studying.
Premium pressure
Find puts, calls, condors, and short-tenor opportunities where option prices look stretched relative to the signal set.
Volatility shape
Use Vol Smile, Vol Forecast, and dispersion views to see whether the market is overpaying for protection, upside, or correlation.
Daily opportunity list
Move quickly from the full market to ranked candidates that fit a repeatable premium-selling or defined-risk framework.
Investor layer
Test the signal before you scale it
The Investor layer is built around long-term performance, backtesting, and parameter testing first. It helps you understand which signals have held up, which settings matter, and where the highest-quality opportunities deserve more attention. Stock Intel adds company context, while RiskBeacon and LeadLag act as opportunity overlays when market risk or leadership is shifting.
Long-term signal testing
Use the Strategy Laboratory to backtest ideas, compare parameter sets, and understand whether a signal can support a repeatable portfolio role over time.
High-quality signal delivery
Focus on the setups that pass the quality bar, then use Stock Intel to connect the opportunity to news, technicals, volatility profile, and market-relative context.
Opportunity overlays
Use RiskBeacon and LeadLag to see when regime, sector leadership, or hedging pressure changes the opportunity set around an otherwise attractive signal.
All of this gets better when you are a client
Signals, backtests, parameters, Stock Intel, RiskBeacon, and LeadLag tell you where the opportunity may be. The Client Experience tells you how it goes: whether the setup is suitable, what action to take, how much risk belongs in the position, and when to manage, roll, close, or pass.
Blue Chip Write
Sample TradeBlue Chip Write - High Quality Overlay
AMD example from the Expensive Calls screener
AMD
Blue Chip Write identifies top-tier, large-cap names that have extended into the upper range of their recent price history while call implied volatility is elevated. The strategy is built for disciplined covered call writing, seeking income when premium is attractive and the upside cap is reasonable relative to the credit collected.
Strategy
Blue Chip Write
Expiration
05/29/2026
Strike
$405.00 call
Indicative premium
$7.39 fair value
Implied vol
69.6%
Delta
21.0%
Income / stock
2.19%
Upside cap
20%
News detail
AMD is trading around $341.63 with a market cap near $559.56B and a P/E ratio of 167.98. The upcoming Q1 2026 earnings report on May 5 may influence stock performance.
- Recent earnings: Q4 and full-year 2025 results highlighted revenue and earnings growth.
- Guidance: Q3 revenue guidance was raised to $8.4B-$9B.
Why it is happening: The call premium is elevated, the strike leaves room above spot, and the news brief gives context before a client decides whether income, assignment risk, and timing fit their profile.
Blue Chip Dip
Sample TradeBlue Chip Dip - Quality Put Sales
NOW example from the Expensive Puts screener
NOW
Blue Chip Dip focuses on flagship large-cap names during periods of elevated put pricing, seeking to sell put premium when fear rises in high-quality, widely held stocks. The strategy looks for unusually rich implied volatility in eligible blue-chip names and is designed around liquid companies with strong balance sheets.
Strategy
Blue Chip Dip
Expiration
05/15/2026
Strike
$80.00 put
Indicative premium
$1.39 fair value
Implied vol
61.8%
Delta
21.0%
Put / strike
1.74%
Stock price
$88.19
News detail
ServiceNow's stock price declined approximately 11% following its Q1 2026 earnings report, which met analyst expectations. The company provided guidance for Q2 2026 and full-year 2026, including expected contributions from the Armis acquisition. There are no recent M&A activities or regulatory updates affecting the company.
- Earnings: ServiceNow reported Q1 2026 earnings meeting analyst expectations and provided Q2 and full-year 2026 guidance.
- Price action: The stock declined approximately 11% following the Q1 2026 earnings report.
Why it is happening: Blue Chip Dip is built for quality names where weakness and volatility can make put premium attractive. The client layer would pair this news context with the actual put-sale terms, risk budget, and management plan after suitability review.
Conservative Condors
Example onlyConservative Condors - Defined-Risk Index Income
QQQ example from live Client Trade Advice (Conservative Condors rules; index ETF chains—not sourced from the Premium Condors screener)
QQQ
Conservative Condors targets wide, lopsided iron condors on a curated index ETF list from live chains, with short strikes set by distance from spot rather than delta. The QQQ structure here reflects that framework: tighter capital at risk versus credit, moderate short deltas, and a longer-dated tenor than Aggressive Condors so the trade can sit behind macro and volatility context.
Strategy
Conservative Condors
Expiration
05/29/2026
Spot
$668.38
Strikes
628.00 / 635.00 / 700.00 / 705.00
Theo
$1.83
Put delta
18.6%
Call delta
17.7%
Max risk
$5.17
Risk ratio
0.35
News detail
Two-month implied volatility on QQQ has compressed from roughly 21.22% toward 19.0%, sitting near historically low territory (near the 4.4th percentile) after a steep 10-day decline. Downside protection premium has eased from about 11.47 to 7.45 vol points, and the near-term volatility premium has shifted from positive to negative—suggesting caution when leaning into very wide, lopsided 45-day condors without a clear edge. At the same time, QQQ led with a 5.7% gain in the week ending April 20, 2026, as tech powered the rally, while headlines around U.S.-Iran talks and the Strait of Hormuz added geopolitical flare to broader risk appetite.
- Macro: QQQ gained 5.7% for the week ending April 20, 2026, led by technology sector strength.
Why it is happening: The live recommendation pairs a distant, probability-minded condor structure with index liquidity and modest short deltas—but vol compression and geopolitical overlays still belong in suitability, sizing, and whether to wait for a better premium day.
Aggressive Condors
Example onlyAggressive Condors - Short-Dated Premium
MU example from the Premium Condors screener
MU
Aggressive Condors uses weekly expirations on liquid single-stock tickers, targeting accelerated time decay when implied volatility is rich versus recent realized volatility. The MU setup is a defined-risk iron condor with wide wings, positive VRP edge, and short strikes selected by the Aggressive Condors parameter set.
Strategy
Aggressive Condors
Expiration
05/01/2026
Strikes
477.50 / 487.50 / 545.00 / 555.00
Theo
$1.66
POP
71.84%
Max risk
$8.34
Risk ratio
5.02
VRP edge
$0.53
News detail
Micron Technology's stock has experienced recent volatility due to global memory shortages and geopolitical tensions. The company has announced plans to expand production capacity, including a new 3D NAND fab in Singapore, but supply constraints are expected to persist through 2026. Escalating tensions in the Middle East have contributed to market volatility, affecting technology stocks like Micron.
- Product: Micron starts building a new 3D NAND fab in Singapore to double local flash production capacity.
- Guidance: Micron outlined a grim DRAM supply outlook, with shortages expected to persist beyond 2026.
Why it is happening: The condor offers defined-risk premium with a high stated probability of profit, but the short tenor, wide risk ratio, and semiconductor supply backdrop make suitability and active management central to the decision.
Short Term Premium
Sample TradeShort Term Premium - Fast Premium Capture
VKTX example from the Expensive Puts screener
VKTX
Short Term Premium targets put options with implied volatility elevated relative to recent realized volatility, selling premium into fear on a curated universe of liquid names. The strategy is for investors comfortable with defined short-premium exposure and the assignment risk that can appear in sharp market moves.
Strategy
Short Term Premium
Expiration
05/01/2026
Strike
$29.00 put
Indicative premium
$0.27 fair value
Width
$0.26
Implied vol
98.5%
Delta
25.0%
Put / strike
0.93%
News detail
Viking Therapeutics reported a Q1 2026 net loss of $158.33 million, or $1.37 per share, missing analyst expectations of a $1.01 loss. The company completed enrollment in its Phase 3 VANQUISH-2 trial for VK2735, a treatment for obesity. Truist Financial upgraded the stock to Strong-Buy on April 28, 2026.
- Earnings: Q1 2026 loss missed analyst estimates.
- Analyst action: Truist Financial upgraded Viking Therapeutics to Strong-Buy.
Why it is not suitable: The front-end premium is rich, but the one-day tenor, biotech catalyst risk, and earnings-related volatility can make the setup inappropriate for many client profiles. The advice layer is where a signal can be rejected, not just recommended.
Preview only. Screener output and research summaries are informational and are not financial advice unless delivered through the Client Experience after onboarding and suitability review.
Start with signals. Add advice when you want the next step.
Analyst
Find the opportunity
All Edge Screeners, trading tools, and analytics views.
Investor
Understand the setup
Everything in Analyst plus Stock Intel, Strategy Laboratory, and portfolio context.
+ Client Experience
Act with guidance
Personalized recommendations, roll and close notifications, and model portfolio guidance.