Iron Condor Scanner

Neutral premium seller · 4-leg structure · profit if spot lands between short strikes · ranked by POP × credit-yield × liquidity

PlaybookIron Condor · sell premium, neutral rangeSell 1 put + buy further-OTM put + sell 1 call + buy further-OTM call. Profit if spot stays between short strikes.
✓ Best when
  • · High IV rank (rich premium to sell)
  • · Range-bound tape / no catalyst
  • · 30-45 DTE sweet spot for theta
✕ Avoid
  • · Low IV rank (premium too cheap)
  • · Before FOMC / CPI / earnings
  • · Trending markets (directional risk)
📅 Best days
  • · Post-FOMC / CPI / NFP mornings (IV crush harvest)
  • · Quiet mid-week days with no data
  • · 30-45 DTE from a Wednesday
30-45D sweet spot for theta harvest
SPY0 candidates
no candidates matched filters (POP≥55%, OI, spread)
QQQ0 candidates
no candidates matched filters (POP≥55%, OI, spread)
IWM0 candidates
no candidates matched filters (POP≥55%, OI, spread)
Iron Condor = SELL 1 put + BUY 1 further-OTM put + SELL 1 call + BUY 1 further-OTM call. Profit if spot stays between the two short strikes at expiry.
When to use: high IV rank + range-bound tape + no macro catalyst in the DTE window. Sweet spot is 30-45 DTE for theta acceleration. Close at 50% max profit or 21 DTE, whichever comes first.
Filters: POP ≥ 55% · Min OI 100/leg · Bid-ask spread ≤ 60% of mid · Meaningful credit (> $0.05). Score = POP × credit-yield × liquidity × spread quality.