Market Scan

Last updated 2026-09-25

This is the desk's main table: every name the model ranked tonight, about a thousand, one row each. It shows model output beside the option market's own figures. On the free plan the model half is one trading day behind. See Rank Not Return for the delay rule. Open the Market Scan

At a glance

A signal. A stock at the very top or bottom of the ranking that also moves enough. The top or bottom 5 percent counts at 45 trading days, 2 percent at 20.
Moves enough. Its realized volatility is over 25 percent a year. A quiet stock at the top of the ranking is not a signal. Trade Cards uses the same rule.
Chance. How often stocks in that same spot finished the horizon on the signal's side, measured over past years. Any stock, the coin flip, sits under it.
Confidence. High is the strongest 1 percent. Medium is 2 to 5 percent. A stock with no signal reads Low when its slice still beat any stock, else no edge.
Rank 45, 20 and 10. Where the stock sits in each ranking, 0 to 100. Rank 10 is shown for context only, because that ranking failed its holdout test.
Model move and Priced move. The model's expected size of move over 20 trading days, beside what the option market prices to its near expiry.
Pullback. The model's chance of a fall of 6 percent or more within 20 trading days. Higher is riskier.
IV rank. Where tonight's option prices sit against the stock's own year, 0 to 100. 50 or more reads rich, under 50 cheap.
Strategy. The option structure Trade Cards states for the stock, when it priced one tonight.
Click a row. The whole desk switches to that stock.
Key difference. Chance is the model's measured record for stocks in that spot. Probability of profit, on Trade Cards, is the option market's own odds.

What it shows

Each row is one stock, and reads left to right.

Column	What it is
★	Adds the name to the watchlist. A small brass dot beside the symbol means the name is in tonight's model book.
Symbol	The ticker.
Signal	Bullish or Bearish when the name carries a signal, else no signal.
Confidence	High (the 1 percent band), Medium (2 to 5 percent) or Low, or no edge. Low means no signal, but the slice beat any stock by 2 points or more in 4 of 5 years.
Chance	The measured probability the stock finished the horizon on the side shown, with any stock under it. The arrow shows the side.
Days	The horizon the chance is measured over: 45 or 20 trading days.
Rank 45	The rank at 45 trading days as a percentile, 100 the top. A bar tints green or red inside the top or bottom 5 percent.
Rank 20	The rank at 20 trading days. The bar tints inside the top or bottom 2 percent.
Rank 10	The rank at 10 trading days, muted: that ranking failed its holdout, so it never carries a signal.
Model move	The model's expected size of move over the next 20 trading days, as a percent of the close. A size, not a direction.
Priced move	The option market's one standard deviation move, the average of its up and down legs, with the days to the expiry it reads under it.
Pullback	The chance of a fall of 6 percent or more from a peak within 20 trading days. The hover names the depth the model reads.
Vol outlook	The model's signal of volatility over the next 20 trading days against the last 20: rising, steady or falling.
Realized vol	How much the shares moved over the last 20 trading days, as a yearly rate, with share volume against its own average under it.
IV rank	Where tonight's implied volatility sits against the name's own weekly readings, 0 to 100, with a colour swatch from cool to warm.
Options vol	Option contracts traded tonight, calls plus puts, with the same figure against its own average under it.
Strategy	The structure Trade Cards states for the name, such as a bull put spread or an iron condor. Blank where Trade Cards priced none.
Sector	The sector the company belongs to.

A dash is a figure not served for that name tonight, never a zero.

How to read a rank column

Each rank column is the stock's place in one ranking, as a percentile. Rank 45 at 99 means the stock sits above 99 percent of tonight's names at 45 trading days. Rank 45 at 1 means it sits near the bottom. A rank is a place in a sorted list, never a price, a move or a return. The chance column is what turns a place into a measured probability. See Rank Not Return. Key difference. A rank column says where the stock sits. The Chance column says how stocks in that spot actually finished.

The signal map

The map above the table plots every name the filters keep.

Across. The rank at 45 trading days. Bearish names sit to the left, bullish to the right. The shaded strips are the signal zones.
Up. IV rank by default. The buttons switch it to the model move or the pullback chance.
Colour. The measured edge over any stock, signed: green on the bullish side, red on the bearish side, stronger the bigger the edge. Grey is no edge.
Size. Options volume tonight. A hollow dot traded no options tonight.
Rings and labels. A ring marks a signal. The High confidence signals carry their ticker.
Drag a box. The table keeps only the names inside it. Click empty space or Clear region to let it go.
The corner captions. Bullish with rich options, bullish with cheap options, and the same two for bearish. They describe a place on the map, never an instruction. Key difference. The map is the picture and the table is the list. Both read the same rows and the same filters.

Filters

All, Signals, Bullish, Bearish, Book, Watched. Signals keeps the signals only. Bullish and Bearish keep a signal, or a name with a measured edge, on that side.
IV rank 50+ and IV rank under 50. Split at 50, the same cut Trade Cards chooses a structure on.
Big move. The top fifth of tonight's names by the model's expected move.
Liquid options. At least 1,000 contracts traded tonight and a spread that is not wide.
Sector. One sector at a time.
Sorting. Click a header to sort, shift click to add a tiebreak. The table opens on Signal, strongest first.

Reading a row as an options trader

Six columns carry the options read on a name: IV rank, Model move, Priced move, Vol outlook, Realized vol and Strategy. IV rank 50 or more with a falling vol outlook favors a seller. IV rank under 50 with a rising vol outlook favors a buyer. The Strategy column states what Trade Cards would place tonight, when it priced one.

Ask this scan

The Ask can read the rows and filters on your screen right now.

"Sell premium from this scan." Reads the visible rows and ranks them by IV rank, richest first. It also names richer names sitting outside your filters.
"Cheap options on this screen." The same rows, ordered IV rank lowest first.
"Which of these has a report before expiry?" Checks the visible rows against Earnings Radar. It states which ones carry a report inside a structure's own expiry.

See An options trader's FAQ for the sell and buy premium screens across the whole scan, not only the rows on screen.

The footer names up to three dates. Ranked is the close the model scored. Options is the close the option figures were captured on, which can sit a trading day or two ahead. Structures is the close Trade Cards priced its structures on. When Trade Cards is still pricing tonight, the footer says the structures arrive on the next refresh.

Benchmarks

The funds strip under the table holds the index and sector funds the model scores beside the ranking. They are never ranked in it and never in a book. The figure beside each fund is its rank at 45 trading days.

Frequently asked questions

Why does a name at the very top of the ranking read no signal? Its realized volatility is 25 percent a year or less. A stock that barely moves leaves little for an option structure to work with, so the rule leaves it out. Why is the chance for a bullish signal lower than for a bearish one, yet both read High? The two sides are measured against different bases. Over 45 trading days any stock rose more often than it fell, so the bullish base is the higher one. The edge over any stock, the coin flip, is what the colour on the map shows. Why is Rank 10 greyed out? The 10 trading day ranking failed its holdout test. It is shown so a trader can see it, and it never makes a signal. Why is the Strategy column blank for most names? Trade Cards prices a structure for the names it composes: every signal and the names on its lists. The rest have no structure to state. Why do the Options date and the Ranked date differ? The option chain is captured after each close, while the model's ranking can sit a trading day or more behind. Both dates are printed so neither is mistaken for the other.

Trade Cards. The structures, the limits and the risk for every signal on this table.
Star Field. The same map in three dimensions, with the model's expected move as depth.
Sector Split. The same rows, summed by sector.
Rank Not Return. What a rank is, and what it is not.
An options trader's FAQ. Quick answers on IV rank, priced move against model move, and which strategy a row prints.