List of stocks that offer weekly options
Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Weekly options behave like monthly options in every respect except they only exist for eight days. They are introduced each Thursday and they expire eight days later on Friday with adjustments for holidays. Investors who historically enjoyed 12 monthly expirations on the third Friday of each month can now enjoy 52 expirations per year.
In , the put option was introduced. They have proven to be extremely popular as trading volume has grown handily over the decades. Virtually any strategy you can implement with the longer-dated options you can also do with weeklys. For premium sellers who like to take advantage of the rapidly accelerating time decay curve in an option's final week of its life, the weeklys are a bonanza.
Now you can get paid 52 times per year instead of Whether you enjoy selling naked puts and calls, covered calls, spreads, condors or any other type, they all work with weeklys as they do with the monthlies, just on a shorter timeline. In addition, during three out of four weeks, the weeklys offer something you can't accomplish with the monthlies—the ability to make a very short-term bet on a particular news item or anticipated sudden price movement.
Let's imagine it's the first week of the month and you expect XYZ stock to move because their earnings report is due out this week. While it would be possible to buy or sell the XYZ monthlies to capitalize on your theory, you would be risking three weeks of premium in the event you're wrong and XYZ moves against you. With the weeklys, you only have to risk one week's worth of premium. This will potentially save you money if you are wrong, or give you a nice return if you are correct.
When an Option Makes Money
Although the open interest and the volume of the weeklys are large enough to produce reasonable bid-ask spreads , they are usually not as high as the monthly expirations. The well-known pinning action that takes place in monthlys, where a stock tends to gravitate toward a strike price on expiration day, does not seem to happen as much or as strongly with the weeklys.
There are a couple of negatives regarding weekly. First, because of their short duration and rapid time decay, you rarely have time to repair a trade that has moved against you by adjusting the strikes or just waiting for some kind of mean revision in the underlying security.
Second, although the open interest and volume are good, that is not necessarily true for every strike in the weekly series. Some strikes will have very wide spreads, and that is not good for short-term strategies. Indexes with weeklys available include:. Popular exchange-traded funds ETFs for which weeklys are available include:. Your Privacy Rights.
This estimate is referred to as implied volatility. Options sellers benefit when implied volatility is high and can use elevated levels of implied volatility to receive rich premiums from selling options. A great guide to help you determine if implied volatility is rich or cheap is the VIX Volatility Index. You might also consider finding a vendor who provides graphs of implied volatilities of individual stocks.
If you are looking to generate short-term income, you could use an overbought and oversold indicator such as the relative strength index RSI to help you initiate weekly options positions.
What Stocks Have Weekly Options? | Pocketsense
Levels of an RSI above 70 are considered overbought, while reading below 30 are considered oversold. If a stock or ETF is overbought, you might consider selling call options. If a stock or ETF is oversold, selling a put option might be more prudent. You should also consider combining technical analysis with your implied volatility analysis to fine-tune your strategy.
For example, when the RSI on the VIX is below 30, implied volatility is considered cheap, and when it is above 70, it is considered rich. Remember, the best time to sell options is when implied volatility is relatively high. Therefore, even if you find a good weekly option candidate, make sure you believe you are selling options on that stock when implied volatility is relatively rich. Here are a few scenarios that could occur if you sold a weekly call option on XYZ stock. You can learn more about option payouts in our dividend payout section.
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The bottom line is that weekly options offer dividend investors the opportunity to generate options premium income on a weekly basis. By using synthetic dividend strategies, you can receive income every week. Dividend Investing Ideas Center. Have you ever wished for the safety of bonds, but the return potential If you are reaching retirement age, there is a good chance that you Please help us personalize your experience.
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