AI Options Spread Scanner for +EV Debit Spreads
Options Spread Analysis
Analyze debit and credit spreads with delta-based probability modeling
Alternative: Let AI Find The Best Trades
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What This Options Spread Scanner Does
This AI-powered options spread scanner automatically analyzes hundreds of tickers to identify debit call and debit put spreads with positive expected value. Unlike manual chain analysis, which requires hours of clicking through strike combinations, this tool surfaces the best opportunities ranked by edge percentage, probability of profit, and risk/reward ratio.
The scanner filters results using probability-based modeling that accounts for implied volatility and expected move calculations. This means you see spreads ranked by realistic outcome probabilities, not static price-stays-flat assumptions that mislead most traders.
How OptionEV Finds +EV Debit Spreads
The scanner evaluates multiple strike combinations for each ticker using real-time options data. For every spread, it calculates:
- Implied volatility integration: Uses current IV to estimate realistic expected moves rather than arbitrary percentages.
- Expected value calculation: Weights each possible outcome by probability and calculates the net expected return.
- Risk-adjusted ranking: Surfaces trades where edge percentage justifies the capital at risk.
This approach saves hours compared to manually scanning options chains and guessing which strikes offer edge. For individual trade analysis, use our options expected value calculator.
Why This Is Different from Basic Spread Calculators
Standard options calculators analyze one spread at a time and show theoretical payoff diagrams. They answer "what could happen" but not "should I take this trade" or "what else is available."
- Scanner vs calculator: This tool finds spreads across the market; calculators analyze spreads you already chose.
- EV-driven filtering: Results are ranked by expected value, not just max profit potential.
- Time efficiency: Scans 100+ tickers in seconds vs hours of manual analysis.
- Edge focus: Built for traders seeking statistical advantage, not visualization.
To evaluate when to hold or exit an options trade you've already entered, see our Hold/Exit Analyzer. For full access to all scanning features, explore our advanced options scanning tools.
Frequently Asked Questions
What is an options spread scanner?
An options spread scanner automatically analyzes multiple tickers and strike combinations to find trades that meet specific criteria. Unlike a calculator that evaluates one spread you've already selected, a scanner searches the market to surface opportunities you might not have found manually.
Are these trades guaranteed winners?
No. Positive expected value indicates a statistical edge over many trades, not a guaranteed outcome on any single trade. Options involve probability distributions, and even high-EV trades can lose money. The goal is to consistently take trades with positive edge and let probability work in your favor over time.
What types of spreads does this tool scan?
The scanner analyzes debit call spreads (bullish outlook) and debit put spreads (bearish outlook). These are defined-risk strategies where you pay a net debit to enter and your maximum loss is limited to the amount paid.
Can I paper trade these results?
Yes. Each scan result includes an "Add to Trade Journal" button that lets you track the trade as a paper position. The journal monitors your entry, tracks P/L over time, and helps you evaluate whether the EV model's predictions align with real outcomes.