Question 1

What is an iron condor screener?

Accepted Answer

An iron condor screener automatically scans stocks for high-probability iron condor setups by analyzing implied volatility rank (IVR), earnings cycles, and delta selection. Volatility Anomaly screens the S&P 500 daily to find the best setups.

Question 2

What is implied volatility rank (IVR)?

Accepted Answer

Implied Volatility Rank (IVR) measures how high a stock's current implied volatility is relative to its 52-week range. An IVR above 50 means IV is elevated, making it a good time to sell premium via iron condors or other short volatility strategies.

Question 3

How does the Volatility Anomaly system work?

Accepted Answer

Volatility Anomaly uses a rules-based algorithm to scan S&P 500 stocks daily for elevated IVR, favorable earnings cycle positioning, and optimal delta ranges. It generates iron condor trade setups with defined entry, exit, and risk parameters.

Question 4

Is Volatility Anomaly free to use?

Accepted Answer

Yes. Volatility Anomaly offers free tools including the Volatility Screener, Anomaly Backtester, Options Spread Finder, Dividend Calendar, and Volatility 101 educational content. Paid memberships unlock daily picks, real-time alerts, and advanced screeners.

Question 5

What stocks does the screener cover?

Accepted Answer

The screener covers the full S&P 500 (503 stocks) by default, with options to expand to the S&P 400 MidCap, NASDAQ-100, Russell 2000, or all 1,130 stocks across all major indices.