Strategy Scores

Per-strategy 0-100 scores combining VRP, skew, term structure, liquidity, and dealer flow into one number.

Definition

A family of 0-100 composite scores (short_strangle_score, iron_condor_score, calendar_spread_score, short_put_spread_score) quantifying the attractiveness of each short-premium strategy for a given symbol.

Formula
score = f(VRP, skew, term, liquidity, dealer_flow)

Each strategy weights the sub-signals differently — e.g. iron_condor_score prioritises range-bound vol, calendar_spread_score prioritises term-structure contango.

Inputs
vrpskew_25dterm_stateliquidity metricsdealer_flow_risk
Output
short_strangle_scoreiron_condor_scorecalendar_spread_scoreshort_put_spread_score
Interpretation
  • ≥ 70: high-conviction setup. Full size.
  • 40–70: reduce size or wait for confirmation.
  • < 40: skip this strategy — try another score or another name.

API Reference

Endpoint
GET /v1/volatility/{symbol}
Tier
Alpha
Response field
short_strangle_score, iron_condor_score, calendar_spread_score, short_put_spread_score

Why Strategy Scores Matters for Trading

TL;DR

Strategy scores rank attractiveness of common short-premium setups on a single symbol. Scan across tickers to pick the strongest candidate for each strategy.

What it measures
Four composite 0-100 scores, one per major short-premium strategy, blending the sub-signals that matter for each.
What it signals
Which strategy fits best on a given symbol today, and whether any of them is worth the capital.
Why we measure it
Manually cross-checking VRP, skew, term, liquidity, and flow across strategies for every ticker is slow. A single score per strategy collapses that into one comparable number.
Who uses it
Systematic options traders, premium-selling retail, strategy-rotation systems. Alpha tier.

How to read Strategy Scores

One score ≥ 70
  • Clear winner for this symbol
  • Full-size entry in that strategy
  • Best-case premium harvesting
  • Use across universe to rank tickers
Good for: full-size premium selling
All scores < 40
  • No short-premium edge available
  • Skip the ticker entirely
  • Rotate to different name
  • Typical in stressed regimes
Bad for: any short premium
Mixed 40–70
  • Mild edge only
  • Reduce size
  • Pick highest-scoring strategy
  • Typical average-regime reading
Reduce size

Rules of thumb

  • Cross-sectional scan beats single-ticker. Use scores to pick the best 1-3 tickers out of a universe, not to force trades on a single name.
  • Scores are strategy-specific. A 70 iron_condor_score doesn't mean short_strangle is 70. Each is independent.
  • Pair with VRP regime. Regime tells you which family to trade; scores tell you which strike within it.
  • Low liquidity penalises scores. Even a rich-VRP ticker scores low if spreads are wide — as it should.
  • Alpha tier. Composite scoring requires the full sub-signal bundle — only exposed on Alpha plans.
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