Liquidity Cleanup Toggle: One-Click Liquidity Hygiene
Liquidity Cleanup auto-applies sensible defaults for volume, spread, and open interest so you only see contracts you can actually trade.
What it does
The Liquidity Cleanup toggle bundles the three most common liquidity defenses into a single click:
- Minimum daily volume
- Minimum open interest
- Maximum bid-ask spread (relative to premium)
It's our "stop wasting time on un-tradeable contracts" toggle.
Where to find it
In the filter sidebar of both screeners. It's enabled by default in every preset because the assumption is you want tradeable contracts.
When to turn it OFF
Almost never — but a few cases:
- Researching open interest extremes. You want to see all OI, even on stale contracts.
- Studying market microstructure. Wide-spread, low-volume contracts can reveal market-maker positioning.
- Tax-loss niche scenarios. Looking for specific historical strikes.
For 95% of users, leave it on.
How it pairs with other filters
The cleanup is additive with Volume and Bid-Ask Spread filters. You can enforce stricter floors on top of the cleanup.
Where to go next
- Read Volume filter for the manual control.
- Read Bid-Ask Spread filter for slippage control.
- Use the Options Liquidity Checker to verify any contract.
Frequently Asked Questions
What does 'Liquidity Cleanup' actually filter out?
It removes contracts with very low daily volume, low open interest, or unreasonably wide bid-ask spreads relative to the premium — the three classic signs you won't get a clean fill.