Choosing of assets for trading can take a long time, especially when it comes to options trading. Keeping this in mind, we’ve created the options screener that saves your time and helps find new trading ideas based on a simple principle – buying cheap options or selling expensive ones.

By trading in the financial markets, everyone concludes someday that it’s necessary to automate the process of market analysis, determine the relative high cost or cheapness of assets, as well as assess the market movement potential. To introduce this idea, we have created several indexes that help get ready for trading efficiently and quickly. In fulfilling routine mechanical calculations, they will save tons of time. Unlike humans, indexes are not susceptible to mechanical errors and omissions in the process of options analysis, therefore they are a simple and reliable tool to get ready for trading.

One of such indexes is Theta, which is included in the full version of the OptionClue options screener.

In this article we will analyze the principles of using Theta index in the medium-term trading and consider how to apply all the indexes (Theta, Sigma and Alpha) with the maximum benefit when trading options and option combinations.