# OptionsScanner

> OptionsScanner is an AI-powered options credit-spread scanner and educational trading assistant. It finds high-probability, defined-risk credit spread setups (bull put spreads and bear call spreads) on liquid US stocks and ETFs, explains each one through a bilingual (English/Spanish) AI coach named ALEX, and can optionally auto-execute trades through a connected brokerage (Alpaca or Tradier) with layered safety guards. Educational tool — not financial advice.

## What it is
OptionsScanner helps options traders find and understand credit spread opportunities. A credit spread is a defined-risk options strategy where you know your maximum possible loss before entering the trade. The scanner ranks setups by probability of profit (POP), return on risk (ROR), implied volatility rank, and technical cushion, then labels each TAKE / WATCH / AVOID.

## Who it is for
Options traders — from curious beginners learning defined-risk strategies to experienced premium sellers who want a faster scanning and journaling workflow. Content is bilingual (English and Spanish).

## Key features
- AI credit-spread scanner: ranks bull put spread (PCS) and bear call spread (CCS) setups by POP, ROR, IV rank, and support/resistance cushion.
- ALEX, a 24/7 bilingual AI trading coach (English/Spanish) that explains every setup and answers trading questions.
- Optional auto-execute through Alpaca or Tradier, with layered safety guards (market-hours gate, duplicate/diversification guard, max-position and portfolio-risk caps, correlation cap, buying-power check, credit-slippage floor, and an equity-drawdown circuit breaker).
- Automatic GTC profit-target orders (default 50% of credit) on executed trades.
- Trade journal with real fills, win-rate and calibration tracking, and position alerts (tested/breached short strikes).
- Paper trading supported end-to-end before any live money is used.

## Core concepts explained
- Credit spread: sell one option and buy a further out-of-the-money option of the same type and expiry; you collect a net credit and your risk is capped at the difference in strikes minus the credit.
- Bull put spread (PCS): a neutral-to-bullish credit spread that profits if the underlying stays above the short put strike.
- Bear call spread (CCS): a neutral-to-bearish credit spread that profits if the underlying stays below the short call strike.
- Probability of Profit (POP): the estimated chance a spread expires worthless (a win for the seller).
- IV Rank: where current implied volatility sits versus its own past year; higher IV rank means richer option premium to sell.

## Pricing
7-day free trial, no credit card required to start. Paid plans available after the trial. See the site for current plan details.

## Links
- Home: https://optionsscanner.io/
- Sign up (free trial): https://optionsscanner.io/signup
- Log in: https://optionsscanner.io/app
- Guide: https://optionsscanner.io/guide

## Disclaimer
OptionsScanner is an educational tool. Nothing it provides is financial advice, a recommendation, or a guarantee of results. Options trading involves risk of loss. Users are responsible for their own trading decisions.