What is a Cash-Secured Put? — Selling a put option on a stock you'd be willing to own, backed by cash. You collect a premium upfront and keep it if the stock stays above your strike price.
The Theta Score (1-10) aggregates multiple market dimensions into a single research indicator for this strategy. Higher = more favorable conditions.
VIX — Measures expected market volatility. Moderate levels (16-25) typically offer the best risk/reward for put sellers.
Breadth — Percentage of 11 sector ETFs trading above their 200-day moving average. Higher breadth = broader market strength.
SPY Regime — Whether the S&P 500 is above (BULL) or below (BEAR) its 200-day moving average.
Sector Volatility — Relative volatility ranking based on recent price ranges vs historical norms.
This is quantitative research, not a trading recommendation. Always verify with your own analysis and broker.