High IV Preset: Find Rich-Premium Options in One Click
The High IV preset surfaces the richest-premium contracts on the screener. Learn when to use it for cash-secured puts and covered calls.
What this preset does
The High IV preset bundles five filters in one click:
- High implied volatility (typically ≥ 60%)
- Reasonable volume (≥ 100)
- Standard wheel DTE (15–45)
- Stock price floor ($10) — no penny stocks
- Liquidity Cleanup on
The result is a one-click view of the highest-premium contracts on the entire chain that are still tradeable.
When to use it
- You want maximum premium per dollar of cash secured.
- IV across the market is elevated (e.g., post-Fed week, mid-earnings season).
- You have a watchlist of names you'd happily own at a discount.
When not to use it
- You want safe, sleepy income (use Conservative Wheel).
- You're not ready to manage assignments — high IV often means high realized volatility too.
A worked example
- Open the Put screener.
- Click the preset dropdown → High IV Put.
- Sort by Yield descending.
- Filter by your watchlist tickers.
- Pick the top 1–3 contracts you'd be happy holding.
For covered calls, do the same on the Call screener with the High IV Call preset.
How to tweak it
The preset is a starting point, not a contract. Common tweaks:
- Add Earnings Excluded if you don't want IV-from-earnings contracts.
- Tighten Delta to 0.20–0.30 for safer entries.
- Raise Min Volume to 250 for tighter spreads.
Where to go next
- Read IV filter for the underlying mechanic.
- Try Earnings Safe preset for safer high-premium trades.
- Compare with Unusual Volume preset for momentum plays.
Frequently Asked Questions
What is implied volatility 'high'?
The High IV preset typically requires implied volatility of 60% or more. Below that, premium isn't 'rich' enough to justify the additional risk associated with a high-IV underlying.
Are high-IV options always risky?
High IV signals the market expects large moves — sometimes for justified reasons (earnings, FDA decisions) and sometimes because of broader macro fear. The preset doesn't distinguish, so always check earnings dates and recent news on each ticker.