thetaOwl

Cheap Options Screener

Find underpriced options with asymmetric upside potential

Data as of market close Oct 2, 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.
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Results: 100
Avg Premium: $0.01
Avg Cost/Contract: $1.00
Avg IV %ile: 17.1%
With Catalyst: 3
As of: Oct 2, 2026
SymbolPriceStrikeExpDTEAsk ▲Cost/ContractOTM %DeltaGammaIV %ileOIVol/OISignals
American Airlines Group, Inc.
$12.94$20.002026-10-1611$0.01$1.0054.6%0.0060.0074
6
1,5630.04
Low IV
C3.ai, Inc.
$11.01$20.002026-10-1611$0.01$1.0081.7%0.0050.0057
4
5850.01
Low IV
Affirm Holdings, Inc.
$70.77$100.002026-10-1611$0.01$1.0041.3%0.0010.0006
2
8850.01
Low IV
Amazon.com, Inc.
$251.52$360.002026-10-1611$0.01$1.0043.1%0.0010.0001
0
1,4910.02
Low IV
Amazon.com, Inc.
$251.52$365.002026-10-1611$0.01$1.0045.1%0.0000.0001
0
5160.04
Low IV
Amazon.com, Inc.
$251.52$370.002026-10-1611$0.01$1.0047.1%0.0000.0001
0
4,5790.00
Low IV
Amazon.com, Inc.
$251.52$380.002026-10-1611$0.01$1.0051.1%0.0000.0001
0
6,1700.02
Low IV
Amazon.com, Inc.
$251.52$390.002026-10-1611$0.01$1.0055.1%0.0000.0000
0
6240.01
Low IV
Amazon.com, Inc.
$251.52$400.002026-10-1611$0.01$1.0059.0%0.0000.0000
0
2,1120.00
Low IV
Amazon.com, Inc.
$251.52$410.002026-10-1611$0.01$1.0063.0%0.0000.0000
0
3,2390.00
Low IV
Carnival Corporation
$25.76$36.002026-10-1611$0.01$1.0039.8%0.0040.0037
24
3,4610.01
Low IV
Bank of America Corporation
$53.75$65.002026-10-1611$0.01$1.0020.9%0.0060.0041
7
18,6740.00
Low IVEarnings
Bank of America Corporation
$53.75$67.502026-10-1611$0.01$1.0025.6%0.0050.0033
7
6,3820.05
Low IVEarnings
Broadcom Inc.
$355.14$740.002026-10-1611$0.01$1.00108.4%0.0000.0000
0
5170.00
Low IV
Alibaba Group Holding Limited
$105.85$200.002026-10-1611$0.01$1.0089.0%0.0010.0001
32
1,9970.00
Bloom Energy Corporation
$289.15$510.002026-10-1611$0.01$1.0076.4%0.0000.0000
2
1,1560.02
Low IV
Baidu, Inc.
$84.32$160.002026-10-1611$0.01$1.0089.8%0.0010.0001
21
1,3560.00
Low IV
Webull Corporation
$7.34$10.002026-10-1611$0.01$1.0036.2%0.0130.0346
17
21,5390.02
Low IV
Webull Corporation
$7.34$15.002026-10-1611$0.01$1.00104.4%0.0060.0086
17
2,9410.00
Low IV
Chewy, Inc.
$18.17$40.002026-11-2046$0.01$1.00120.1%0.0030.0020
26
1,1580.00
Low IV
Chipotle Mexican Grill, Inc.
$32.36$42.502026-10-1611$0.01$1.0031.3%0.0030.0031
39
4,3570.00
Chipotle Mexican Grill, Inc.
$32.36$45.002026-10-1611$0.01$1.0039.1%0.0030.0023
39
6220.00
Cisco Systems, Inc.
$112.20$170.002026-10-1611$0.01$1.0051.5%0.0010.0002
21
4,7440.07
Low IV
CoreWeave, Inc.
$89.62$195.002026-10-1611$0.01$1.00117.6%0.0010.0001
0
7,4160.00
Low IV
CoreWeave, Inc.
$89.62$200.002026-10-1611$0.01$1.00123.2%0.0010.0001
0
3,7610.03
Low IV
Core Scientific, Inc.
$16.45$28.002026-10-1611$0.01$1.0070.2%0.0030.0033
8
33,3890.00
Low IV
iShares MSCI Emerging Markets ETF
$67.67$80.002026-10-1611$0.01$1.0018.2%0.0050.0036
4
8720.00
Low IV
Trump Media & Technology Group
$8.91$14.002026-10-1611$0.01$1.0057.1%0.0070.0126
29
1,1680.04
Low IV
Trump Media & Technology Group
$8.91$17.002026-10-1611$0.01$1.0090.8%0.0060.0078
29
10,7620.00
Low IV
Trump Media & Technology Group
$8.91$35.002026-10-1611$0.01$1.00292.8%0.0030.0025
29
9540.03
Low IV
Hecla Mining Company
$17.20$30.002026-10-1611$0.01$1.0074.4%0.0030.0028
2
5520.01
Low IV
International Business Machines
$222.64$330.002026-10-1611$0.01$1.0048.2%0.0000.0001
23
5170.03
Low IV
Joby Aviation, Inc.
$5.95$8.002026-10-1611$0.01$1.0034.5%0.0170.0527
35
4,9030.01
Hi Γ
Joby Aviation, Inc.
$5.95$9.002026-10-1611$0.01$1.0051.3%0.0100.0266
35
2,1160.00
Joby Aviation, Inc.
$5.95$10.002026-10-1611$0.01$1.0068.1%0.0090.0188
35
6,2260.00
Joby Aviation, Inc.
$5.95$12.002026-10-1611$0.01$1.00101.7%0.0070.0120
35
2,2490.00
Joby Aviation, Inc.
$5.95$16.002026-10-1611$0.01$1.00168.9%0.0060.0079
35
7660.00
Joby Aviation, Inc.
$5.95$20.002026-10-1611$0.01$1.00236.1%0.0060.0062
35
9030.00
IREN LIMITED
$41.76$90.002026-10-1611$0.01$1.00115.5%0.0010.0004
2
7,4370.00
Low IV
IREN LIMITED
$41.76$100.002026-10-1611$0.01$1.00139.5%0.0010.0003
2
4,1410.00
Low IV
iShares iBoxx High Yield Corporate Bond ETF
$76.91$80.002026-10-1611$0.01$1.004.0%0.0200.0348
39
113,8160.01
iShares iBoxx High Yield Corporate Bond ETF
$76.91$82.002026-10-1611$0.01$1.006.6%0.0120.0149
39
52,7430.19
iShares iBoxx High Yield Corporate Bond ETF
$76.91$84.002026-10-1611$0.01$1.009.2%0.0100.0092
39
32,5210.00
Hertz Global Holdings, Inc
$1.76$4.002026-10-1611$0.01$1.00127.3%0.0200.0759
27
2,3500.00
Low IVHi Γ
Hertz Global Holdings, Inc
$1.76$5.002026-10-2318$0.01$1.00184.1%0.0180.0566
27
1,1990.00
Low IVHi Γ
NVIDIA Corporation
$233.95$335.002026-10-1611$0.01$1.0043.2%0.0010.0001
23
7850.24
Low IV
NVIDIA Corporation
$233.95$340.002026-10-1611$0.01$1.0045.3%0.0000.0001
23
2,4200.09
Low IV
NVIDIA Corporation
$233.95$345.002026-10-1611$0.01$1.0047.5%0.0010.0001
23
8750.01
Low IV
NVIDIA Corporation
$233.95$350.002026-10-1611$0.01$1.0049.6%0.0000.0001
23
11,8780.00
Low IV
NVIDIA Corporation
$233.95$355.002026-10-1611$0.01$1.0051.7%0.0000.0001
23
5170.06
Low IV
NVIDIA Corporation
$233.95$360.002026-10-1611$0.01$1.0053.9%0.0000.0000
23
4,8480.00
Low IV
NVIDIA Corporation
$233.95$365.002026-10-1611$0.01$1.0056.0%0.0000.0000
23
1,6870.01
Low IV
NVIDIA Corporation
$233.95$370.002026-10-1611$0.01$1.0058.1%0.0000.0001
23
2,6550.00
Low IV
NVIDIA Corporation
$233.95$375.002026-10-1611$0.01$1.0060.3%0.0000.0000
23
1,1170.02
Low IV
NVIDIA Corporation
$233.95$380.002026-10-1611$0.01$1.0062.4%0.0000.0000
23
2,0290.01
Low IV
NVIDIA Corporation
$233.95$385.002026-10-1611$0.01$1.0064.6%0.0000.0000
23
6550.78
Low IV
NVIDIA Corporation
$233.95$390.002026-10-1611$0.01$1.0066.7%0.0000.0000
23
1,8380.00
Low IV
NVIDIA Corporation
$233.95$395.002026-10-1611$0.01$1.0068.8%0.0000.0000
23
5420.96
Low IV
NVIDIA Corporation
$233.95$400.002026-10-1611$0.01$1.0071.0%0.0000.0000
23
8,3900.07
Low IV
NVIDIA Corporation
$233.95$405.002026-10-1611$0.01$1.0073.1%0.0000.0000
23
8701.03
Low IV
NVIDIA Corporation
$233.95$410.002026-10-1611$0.01$1.0075.3%0.0000.0000
23
1,5860.31
Low IV
NVIDIA Corporation
$233.95$420.002026-10-1611$0.01$1.0079.5%0.0000.0000
23
9300.54
Low IV
NVIDIA Corporation
$233.95$435.002026-10-1611$0.01$1.0085.9%0.0000.0000
23
5340.74
Low IV
NVIDIA Corporation
$233.95$440.002026-10-1611$0.01$1.0088.1%0.0000.0000
23
7460.33
Low IV
NVIDIA Corporation
$233.95$450.002026-10-1611$0.01$1.0092.3%0.0000.0000
23
8590.00
Low IV
NVIDIA Corporation
$233.95$455.002026-10-1611$0.01$1.0094.5%0.0000.0000
23
7520.11
Low IV
NVIDIA Corporation
$233.95$460.002026-10-1611$0.01$1.0096.6%0.0000.0000
23
17,1380.00
Low IV
NVIDIA Corporation
$233.95$460.002026-11-2046$0.01$1.0096.6%0.0000.0000
23
6,8910.00
Low IVEarnings
iShares Russell 2000 ETF
$281.52$324.002026-10-1611$0.01$1.0015.1%0.0020.0004
2
1,1340.00
Low IV
iShares Russell 2000 ETF
$281.52$330.002026-10-1611$0.01$1.0017.2%0.0020.0004
2
17,3140.00
Low IV
iShares Russell 2000 ETF
$281.52$335.002026-10-1611$0.01$1.0019.0%0.0020.0003
2
1,2960.00
Low IV
iShares Russell 2000 ETF
$281.52$350.002026-10-1611$0.01$1.0024.3%0.0010.0002
2
5,9450.00
Low IV
SEALSQ Corp
$2.37$4.002026-10-1611$0.01$1.0068.8%0.0220.0914
13
2,3450.00
Low IVHi Γ
SEALSQ Corp
$2.37$5.002026-10-1611$0.01$1.00111.0%0.0150.0490
13
17,5790.00
Low IV
PDD Holdings Inc.
$75.38$100.002026-10-1611$0.01$1.0032.7%0.0030.0013
14
7,5920.00
Low IV
PDD Holdings Inc.
$75.38$115.002026-10-1611$0.01$1.0052.6%0.0010.0004
14
5,4050.00
Low IV
PDD Holdings Inc.
$75.38$120.002026-10-1611$0.01$1.0059.2%0.0010.0003
14
9150.00
Low IV
Novo Nordisk A/S
$37.32$50.002026-10-1611$0.01$1.0034.0%0.0030.0024
21
18,2190.01
Low IV
Novo Nordisk A/S
$37.32$65.002026-10-1611$0.01$1.0074.2%0.0020.0008
21
3,1120.00
Low IV
Quantum Computing Inc.
$8.18$23.002026-10-1611$0.01$1.00181.2%0.0040.0042
7
8,2360.00
Low IV
Occidental Petroleum Corporatio
$58.08$75.002026-10-1611$0.01$1.0029.1%0.0040.0023
8
4,9400.00
Low IV
Merck & Company, Inc.
$144.30$180.002026-10-1611$0.01$1.0024.7%0.0020.0007
36
2,0340.01
Meta Platforms, Inc.
$728.08$1,230.002026-10-1611$0.01$1.0068.9%0.0000.0000
5
1,5380.10
Low IV
Meta Platforms, Inc.
$728.08$1,250.002026-10-1611$0.01$1.0071.7%0.0000.0000
5
5390.11
Low IV
POET Technologies Inc.
$7.79$18.002026-10-1611$0.01$1.00131.1%0.0050.0060
20
8,8670.00
Low IV
POET Technologies Inc.
$7.79$19.002026-10-1611$0.01$1.00143.9%0.0040.0050
20
2,2780.00
Low IV
POET Technologies Inc.
$7.79$20.002026-10-1611$0.01$1.00156.7%0.0050.0054
20
10,5640.00
Low IV
POET Technologies Inc.
$7.79$30.002026-10-1611$0.01$1.00285.1%0.0040.0032
20
2,5310.00
Low IV
Netflix, Inc.
$67.06$100.002026-10-1611$0.01$1.0049.1%0.0010.0005
17
22,4580.01
Low IV
Netflix, Inc.
$67.06$105.002026-10-1611$0.01$1.0056.6%0.0010.0005
17
7,5410.00
Low IV
Netflix, Inc.
$67.06$115.002026-10-1611$0.01$1.0071.5%0.0010.0003
17
3,8000.00
Low IV
Ondas Inc
$7.24$15.002026-10-1611$0.01$1.00107.2%0.0050.0076
6
2,8470.01
Low IV
Nokia Corporation Sponsored
$10.60$15.002026-10-1611$0.01$1.0041.5%0.0090.0156
13
19,0600.01
Low IV
Nokia Corporation Sponsored
$10.60$16.002026-10-1611$0.01$1.0050.9%0.0060.0105
13
17,2430.00
Low IV
Nokia Corporation Sponsored
$10.60$17.002026-10-1611$0.01$1.0060.4%0.0070.0097
13
7,2340.00
Low IV
Nokia Corporation Sponsored
$10.60$18.002026-10-1611$0.01$1.0069.8%0.0060.0079
13
4,6030.00
Low IV
Nokia Corporation Sponsored
$10.60$19.002026-10-1611$0.01$1.0079.3%0.0060.0069
13
1,7930.01
Low IV
Nokia Corporation Sponsored
$10.60$20.002026-10-1611$0.01$1.0088.7%0.0050.0054
13
11,5320.00
Low IV
Nokia Corporation Sponsored
$10.60$21.002026-10-1611$0.01$1.0098.1%0.0040.0044
13
3,4200.00
Low IV
Nokia Corporation Sponsored
$10.60$22.002026-10-1611$0.01$1.00107.5%0.0050.0051
13
6970.01
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.