thetaOwl

Cheap Options Screener

Find underpriced options with asymmetric upside potential

Data as of market close May 19, 2026

Buying cheap vol: Look for options with low IV percentile, high gamma, and upcoming catalysts. These contracts offer asymmetric payoff potential when volatility expands or the underlying makes a directional move.
$
%
Results: 100
Avg Premium: $0.01
Avg Cost/Contract: $1.13
Avg IV %ile: 15.7%
With Catalyst: 4
As of: May 19, 2026
SymbolPriceStrikeExpDTEAskCost/ContractOTM %DeltaGammaIV %ileOIVol/OISignals
Archer Aviation Inc.
$5.91$17.002026-06-1829$0.01$1.00187.7%0.0070.0080
21
3,6520.00
Low IV
Archer Aviation Inc.
$5.91$20.002026-06-1829$0.01$1.00238.4%0.0060.0068
21
5,3820.00
Low IV
AGNC Investment Corp.
$10.13$11.502026-06-0516$0.01$1.0013.5%0.0350.1120
32
9710.04
Hi Γ
AGNC Investment Corp.
$10.13$13.002026-06-1829$0.01$1.0028.3%0.0220.0438
32
13,0050.00
Amazon.com, Inc.
$259.34$330.002026-05-299$0.01$1.0027.3%0.0010.0002
8
6560.01
Low IV
Bit Digital, Inc.
$1.73$3.002026-05-299$0.01$1.0073.4%0.0230.1220
0
2,2570.04
Low IVHi Γ
Boeing Company (The)
$215.01$290.002026-05-299$0.01$1.0034.9%0.0010.0001
5
1,0700.00
Low IV
BitMine Immersion Technologies,
$18.63$80.002026-06-1829$0.01$1.00329.4%0.0020.0007
0
6,1130.00
Low IV
Beyond Meat, Inc.
$0.76$1.502026-05-299$0.01$1.0098.1%0.0390.3161
0
11,8850.02
Low IVHi Γ
Beyond Meat, Inc.
$0.76$2.002026-05-299$0.01$1.00164.1%0.0280.1891
0
5,0800.00
Low IVHi Γ
Beyond Meat, Inc.
$0.76$2.502026-05-299$0.01$1.00230.1%0.0260.1466
0
9720.19
Low IVHi Γ
Beyond Meat, Inc.
$0.76$6.002026-06-1829$0.01$1.00692.3%0.0240.0876
0
7,8050.02
Low IVHi Γ
Bank of America Corporation
$50.70$60.002026-05-299$0.01$1.0018.3%0.0070.0058
3
9590.02
Low IV
Canopy Growth Corporation
$0.99$1.502026-05-299$0.01$1.0051.5%0.0440.4121
29
3,1600.00
Low IVHi ΓEarnings
DraftKings Inc.
$25.54$40.002026-06-1829$0.01$1.0056.6%0.0040.0027
0
4,8680.00
Low IV
DraftKings Inc.
$25.54$55.002026-06-1829$0.01$1.00115.3%0.0020.0012
0
3,6770.00
Low IV
DraftKings Inc.
$25.54$60.002026-06-1829$0.01$1.00134.9%0.0020.0009
0
1,3950.00
Low IV
Grab Holdings Limited
$3.50$4.002026-05-299$0.01$1.0014.3%0.0660.4283
36
3,0770.05
Hi Γ
Grab Holdings Limited
$3.50$4.502026-05-299$0.01$1.0028.6%0.0250.1364
36
2,8310.02
Hi Γ
Grab Holdings Limited
$3.50$5.002026-05-299$0.01$1.0042.9%0.0160.0725
36
5,5840.00
Hi Γ
Grab Holdings Limited
$3.50$4.502026-06-0516$0.01$1.0028.6%0.0230.1289
36
5100.01
Hi Γ
Hims & Hers Health, Inc.
$22.44$40.002026-05-299$0.01$1.0078.3%0.0020.0016
0
7,4960.29
Low IV
JD.com, Inc.
$32.38$70.002026-06-1829$0.01$1.00116.2%0.0020.0007
10
12,3830.00
Low IV
iShares iBoxx High Yield Corporate Bond ETF
$79.35$82.002026-06-1829$0.01$1.003.3%0.0310.0567
0
90,8910.00
Low IVHi Γ
iShares iBoxx High Yield Corporate Bond ETF
$79.35$83.002026-06-1829$0.01$1.004.6%0.0230.0335
0
32,8670.00
Low IV
iQIYI, Inc.
$1.11$1.502026-05-299$0.01$1.0035.1%0.0530.5524
35
3,2050.01
Hi ΓEarnings
The Kraft Heinz Company
$23.28$35.002026-06-1829$0.01$1.0050.3%0.0050.0041
18
2,2850.00
Low IV
SEALSQ Corp
$2.71$11.002026-06-1829$0.01$1.00305.9%0.0100.0181
15
24,4630.00
Low IV
Lyft, Inc.
$13.18$30.002026-06-1829$0.01$1.00127.6%0.0030.0027
8
6,7760.01
Low IV
Lyft, Inc.
$13.18$35.002026-06-1829$0.01$1.00165.6%0.0040.0024
8
14,4880.00
Low IV
Opendoor Technologies Inc
$4.30$7.002026-05-299$0.01$1.0062.8%0.0120.0360
13
2,8740.00
Low IV
Opendoor Technologies Inc
$4.30$7.502026-05-299$0.01$1.0074.4%0.0100.0273
13
1,5690.01
Low IV
Microsoft Corporation
$417.42$760.002026-06-1829$0.01$1.0082.1%0.0000.0000
21
3,1750.00
Low IV
Microsoft Corporation
$417.42$800.002026-06-1829$0.01$1.0091.7%0.0000.0000
21
4,3180.00
Low IV
Medical Properties Trust, Inc.
$5.00$10.002026-06-1829$0.01$1.00100.0%0.0100.0184
15
3,6600.00
Low IV
Roblox Corporation
$44.45$150.002026-06-1829$0.01$1.00237.5%0.0010.0002
31
1,1380.02
Roblox Corporation
$44.45$155.002026-06-1829$0.01$1.00248.7%0.0010.0002
31
1,1460.00
Roblox Corporation
$44.45$160.002026-06-1829$0.01$1.00259.9%0.0010.0002
31
1,6630.00
Roblox Corporation
$44.45$200.002026-06-1829$0.01$1.00349.9%0.0010.0002
31
1,1810.01
Roblox Corporation
$44.45$220.002026-06-1829$0.01$1.00394.9%0.0010.0001
31
8990.22
Sea Limited
$87.28$200.002026-06-1829$0.01$1.00129.2%0.0010.0001
0
1,2160.01
Low IV
Pfizer, Inc.
$25.66$29.002026-05-299$0.01$1.0013.0%0.0160.0276
0
1,5870.02
Low IV
Pfizer, Inc.
$25.66$30.002026-05-299$0.01$1.0016.9%0.0120.0175
0
1,4860.01
Low IV
Pfizer, Inc.
$25.66$31.002026-05-299$0.01$1.0020.8%0.0110.0137
0
5980.17
Low IV
Pfizer, Inc.
$25.66$45.002026-06-1829$0.01$1.0075.4%0.0030.0019
0
7,6290.00
Low IV
Pinterest, Inc.
$18.84$45.002026-06-1829$0.01$1.00138.8%0.0030.0015
23
9020.00
Low IV
Pinterest, Inc.
$18.84$50.002026-06-1829$0.01$1.00165.4%0.0020.0011
23
2,7380.00
Low IV
Palantir Technologies Inc.
$135.26$225.002026-05-299$0.01$1.0066.3%0.0000.0001
0
5100.37
Low IV
Palantir Technologies Inc.
$135.26$350.002026-06-1829$0.01$1.00158.8%0.0010.0001
0
6920.00
Low IV
Palantir Technologies Inc.
$135.26$390.002026-06-1829$0.01$1.00188.3%0.0000.0000
0
4,1610.00
Low IV
Palantir Technologies Inc.
$135.26$410.002026-06-1829$0.01$1.00203.1%0.0000.0000
0
14,0380.00
Low IV
SoFi Technologies, Inc.
$15.23$23.002026-05-299$0.01$1.0051.0%0.0050.0062
37
1,0430.00
SoFi Technologies, Inc.
$15.23$24.002026-05-299$0.01$1.0057.6%0.0040.0046
37
1,2140.09
SoFi Technologies, Inc.
$15.23$25.002026-05-299$0.01$1.0064.2%0.0040.0044
37
2,2210.01
SoFi Technologies, Inc.
$15.23$30.002026-05-299$0.01$1.0097.0%0.0030.0027
37
1,3100.00
SoFi Technologies, Inc.
$15.23$37.002026-06-1829$0.01$1.00142.9%0.0030.0020
37
1,3940.00
SoFi Technologies, Inc.
$15.23$40.002026-06-1829$0.01$1.00162.6%0.0030.0019
37
29,5950.07
SoFi Technologies, Inc.
$15.23$42.002026-06-1829$0.01$1.00175.8%0.0030.0015
37
1,1290.04
SoFi Technologies, Inc.
$15.23$47.002026-06-1829$0.01$1.00208.6%0.0030.0014
37
3,4040.00
The Trade Desk, Inc.
$21.16$55.002026-06-1829$0.01$1.00159.9%0.0030.0012
5
4,0430.01
Low IV
The Trade Desk, Inc.
$21.16$65.002026-06-1829$0.01$1.00207.2%0.0020.0009
5
2,5820.00
Low IV
The Trade Desk, Inc.
$21.16$70.002026-06-1829$0.01$1.00230.8%0.0020.0007
5
3,8940.01
Low IV
The Trade Desk, Inc.
$21.16$75.002026-06-1829$0.01$1.00254.4%0.0020.0008
5
1,6460.02
Low IV
The Trade Desk, Inc.
$21.16$85.002026-06-1829$0.01$1.00301.7%0.0020.0007
5
1,4240.00
Low IV
The Trade Desk, Inc.
$21.16$87.502026-06-1829$0.01$1.00313.5%0.0020.0006
5
2,1760.00
Low IV
Starbucks Corporation
$106.38$145.002026-06-1829$0.01$1.0036.3%0.0030.0007
0
6190.10
Low IV
PayPal Holdings, Inc.
$43.83$60.002026-05-299$0.01$1.0036.9%0.0020.0015
10
1,6450.03
Low IV
PayPal Holdings, Inc.
$43.83$90.002026-06-1829$0.01$1.00105.3%0.0020.0005
10
7,2150.00
Low IV
PayPal Holdings, Inc.
$43.83$97.502026-06-1829$0.01$1.00122.5%0.0020.0005
10
3,5230.00
Low IV
PayPal Holdings, Inc.
$43.83$100.002026-06-1829$0.01$1.00128.2%0.0010.0004
10
40,5600.00
Low IV
PayPal Holdings, Inc.
$43.83$105.002026-06-1829$0.01$1.00139.6%0.0010.0004
10
5,6310.01
Low IV
PayPal Holdings, Inc.
$43.83$110.002026-06-1829$0.01$1.00151.0%0.0010.0003
10
3,5930.00
Low IV
PayPal Holdings, Inc.
$43.83$125.002026-06-1829$0.01$1.00185.2%0.0010.0002
10
1,0310.00
Low IV
PayPal Holdings, Inc.
$43.83$135.002026-06-1829$0.01$1.00208.0%0.0010.0002
10
10,5830.01
Low IV
Rivian Automotive, Inc.
$12.90$40.002026-06-1829$0.01$1.00210.1%0.0030.0019
36
3,6500.00
Snap Inc.
$5.55$7.502026-05-299$0.01$1.0035.1%0.0150.0515
18
7590.97
Low IVHi Γ
Snap Inc.
$5.55$10.002026-06-1829$0.01$1.0080.2%0.0110.0212
18
55,0340.02
Low IV
Snap Inc.
$5.55$13.002026-06-1829$0.01$1.00134.2%0.0070.0106
18
67,5280.00
Low IV
Snap Inc.
$5.55$15.002026-06-1829$0.01$1.00170.3%0.0070.0096
18
31,3350.00
Low IV
iShares Silver Trust
$66.90$120.002026-05-299$0.01$1.0079.4%0.0010.0002
36
1,8710.00
iShares Silver Trust
$66.90$125.002026-05-299$0.01$1.0086.8%0.0010.0002
36
2,8170.11
AT&T Inc.
$24.98$40.002026-06-1829$0.01$1.0060.1%0.0040.0027
13
2,1360.00
Low IV
Toast, Inc.
$23.22$36.002026-06-1829$0.01$1.0055.0%0.0040.0035
21
5610.00
Low IV
Toast, Inc.
$23.22$55.002026-06-1829$0.01$1.00136.9%0.0020.0010
21
7200.00
Low IV
Upstart Holdings, Inc.
$28.08$40.002026-05-299$0.01$1.0042.5%0.0030.0024
0
8810.01
Low IV
Upstart Holdings, Inc.
$28.08$100.002026-06-1829$0.01$1.00256.1%0.0010.0004
0
2,1470.01
Low IV
VALE S.A.
$16.01$19.002026-05-299$0.01$1.0018.7%0.0160.0316
13
3,5551.00
Low IV
Archer Aviation Inc.
$5.91$7.502026-05-299$0.02$2.0026.9%0.0380.1092
21
1,3510.18
Low IVHi Γ
Archer Aviation Inc.
$5.91$8.002026-05-299$0.02$2.0035.4%0.0330.0798
21
3,2250.05
Low IVHi Γ
Archer Aviation Inc.
$5.91$12.002026-06-1829$0.02$2.00103.0%0.0150.0214
21
5,3980.05
Low IV
Archer Aviation Inc.
$5.91$13.002026-06-1829$0.02$2.00120.0%0.0140.0180
21
4,8500.00
Low IV
Archer Aviation Inc.
$5.91$15.002026-06-1829$0.02$2.00153.8%0.0130.0150
21
27,6100.00
Low IV
Archer Aviation Inc.
$5.91$27.002026-06-1829$0.02$2.00356.9%0.0090.0070
21
1,3950.01
Low IV
AGNC Investment Corp.
$10.13$11.002026-05-299$0.02$2.008.6%0.0710.2468
32
4,9550.03
Hi Γ
AGNC Investment Corp.
$10.13$12.002026-06-1829$0.02$2.0018.5%0.0510.1052
32
24,1740.00
Hi Γ
Webull Corporation
$7.00$12.002026-05-299$0.02$2.0071.4%0.0140.0221
8
2,9650.01
Low IVEarnings
Webull Corporation
$7.00$35.002026-07-1758$0.02$2.00400.0%0.0120.0070
8
12,9670.00
Low IVEarnings
Bit Digital, Inc.
$1.73$2.502026-05-299$0.02$2.0044.5%0.0770.3519
0
3,8990.05
Low IVHi Γ
Bristol-Myers Squibb Company
$58.31$90.002026-06-1829$0.02$2.0054.4%0.0030.0011
23
2,5440.01
Low IV
Barrick Mining Corporation
$39.50$65.002026-06-1829$0.02$2.0064.6%0.0060.0023
18
2,7480.01
Low IV
How to Use Cheap Options
Use cheap options to find low-premium contracts that may offer asymmetry around catalysts or repricing.
What it surfaces

Cheap options results surface low-premium contracts where low IV percentile, gamma, and catalyst timing may create asymmetric upside.

How traders review it

Check whether the contract is cheap for a real reason, then validate liquidity, catalyst timing, and whether the strike still gives you a realistic path.

What can mislead you

Cheap contracts often stay cheap because the market expects decay, poor liquidity, or no catalyst. Low price alone is not an edge.

These screens are best used to build a shortlist, then validate the contract and the underlying before acting.