LIST ME CHEAP OPTIONS CONTRACTS THAT HAVE A CHANCE TO MAKE ME PROFIT

``` The deep research logic is organized as follows: Okay, let's tackle this question. The user is asking for cheap options contracts with a high chance of profit. They're a conservative investor focusing on dividend growth but also interested in options trading. From the history, they previously asked for a straddle strategy but found no results. Now, they want a list of cheap options. First, I need to check the references provided. The user mentioned criteria like low price, low implied volatility, high delta, gamma, theta, vega, open interest, and trading volume. Looking at the references, there's a query (Number 1) that matches these criteria but returned 0 results. That's a problem because the user is specifically asking for such contracts. Wait, there's another query (Number 11) that lists options with low implied volatility and upcoming earnings. The results show several HYG and LQD options with low IV and varying days to expiration. These might be candidates. Also, query (Number 21) has options with high probability of profit, but they're not necessarily cheap. However, the user's focus is on cheap contracts, so maybe the HYG options from query 11 are better. The user's profile mentions a short holding period (1.45 days) and a preference for undervalued stocks. They also have a stop loss time of 10 days. So, options with short expiries (like 4 days) might fit their holding period. Looking at query 11, there are options expiring on 2025-08-15 with 4 days left. These could be suitable. But wait, the user wants cheap options. The HYG options in query 11 have closing prices like $0.42 and $0.22, which are low. However, their implied volatility is around 6-9%, which is low. High delta and gamma would be good for directional plays, but the user is conservative. Maybe they prefer selling options for income, but the user's history shows interest in buying straddles, so perhaps they're looking to buy calls or puts. Also, the user's yield is negative, so they might be looking for income through options selling. But the question is about buying options for profit. Hmm, conflicting signals. The user's profile says they have a stop loss time of 10 days, so options expiring in 10-20 days might align with that. Looking at query 21, there are options like NVDA20250815C185 with a closing price of $2.09 and high implied volatility (35.69%). These are more expensive but have high delta and gamma. However, the user wants cheap contracts, so maybe not ideal. Wait, the user's previous question was about a straddle, which requires both call and put. But now they just want cheap options contracts. So, maybe focusing on individual calls or puts that are cheap and have a high chance of success. From query 11, the HYG options have low IV and are expiring soon. For example, HYG20250815P79 has a closing price of $0.03, which is very cheap. But the implied volatility is 9.47%, which is low. High delta and gamma would mean the option is sensitive to price changes. However, the user's holding period is short, so theta decay might be a factor. High theta means the option loses value quickly, which could be a problem if the user holds it for a few days. Alternatively, the LQD options in query 11 have higher IV (10.16%) and higher prices, but still lower than others. Maybe the user can consider selling these options if they're looking for income, but the question is about buying for profit. Wait, the user's profile mentions a preference for undervalued potential stocks, so maybe they're looking for options on stocks that are undervalued but have upcoming catalysts. Query 16 lists stocks with high historical volatility but low IV, which could mean a potential volatility expansion. However, the options on these stocks aren't listed in the references. Another angle: the user's portfolio includes various sectors, so maybe looking for options in sectors they're already invested in. For example, if they have tech stocks, looking at NVDA options. But NVDA options in query 21 are expensive. Wait, the user's previous question was about Stratasys (SSYS.O), but query 36 for SSYS options returned 0 results. So, maybe the user is interested in other options. Putting it all together, the best options from the references are the HYG and LQD options in query 11. They have low prices, low IV, and some have high delta and gamma. However, the user's holding period is very short (1.45 days), so options expiring in 4 days (like HYG20250815P79) might be too risky due to high theta decay. Alternatively, options expiring in 11 days (like HYG20250822C80.5) might offer a better balance. But the user wants a high chance of profit. Low IV options are less likely to move, so maybe the user should consider options with higher IV but still within the cheap price range. However, the references don't have such options. Alternatively, the user could look for options with upcoming earnings (query 11 mentions earnings after 2025-08-11), which could increase volatility. For example, HYG options expiring on 2025-08-15 are 4 days away, which might coincide with earnings, making them a better bet for a short-term move. In conclusion, the available options from query 11 are the closest fit, but they have low IV and high theta. The user needs to balance between the cheap price and the risk of theta decay. Maybe suggesting a combination of buying calls with high delta and gamma, and selling puts to hedge, but the user's previous question was about straddles, which they couldn't find. Alternatively, focusing on the HYG options as the only available cheap options with some potential due to upcoming earnings. ``` ### 🎯 **Conclusion** Based on the data provided, **no viable options contracts** meet all the criteria of being **cheap (low price)**, **low implied volatility (IV)**, **high delta**, **high gamma**, **high theta**, **high vega**, **high open interest**, and **high trading volume**. However, we can analyze the closest matches and suggest alternative strategies to maximize profitability while aligning with your conservative investment style and short-term horizon. --- ### 📊 **Analysis** #### 1. **Key Criteria Breakdown** - **Low Price:** Options with closing prices below $1. - **Low IV:** Implied volatility below 10%. - **High Delta/Gamma:** Sensitivity to price changes and volatility. - **High Theta/Vega:** Time decay and responsiveness to IV changes. - **High Open Interest/Volume:** Liquidity and market interest. #### 2. **Available Options Contracts** From the data, the closest matches are: | Option Code | Underlying | Strike | Expiry | Closing Price | IV | Delta | Gamma | Theta | Vega | Open Interest | Volume | |-------------|------------|--------|--------|---------------|----|-------|-------|-------|------|---------------|--------| | HYG20250815P79 | HYG | 79 | 2025-08-15 | $0.03 | 9.47% | 0.05 | 0.02 | -0.01 | 0.00 | 332,869 | 7,802 | | HYG20250815P80 | HYG | 80 | 2025-08-15 | $0.10 | 5.52% | 0.12 | 0.03 | -0.02 | 0.00 | 238,334 | 6,586 | | LQD20251017P107 | LQD | 107 | 2025-10-17 | $0.69 | 10.16% | 0.18 | 0.04 | -0.005 | 0.01 | 4,814 | 10,001 | #### 3. **Why These Contracts?** - **HYG Options:** - **Low Price:** $0.03–$0.10. - **Low IV:** 5.52%–9.47%. - **High Open Interest:** 238,334–332,869. - **Short Expiry:** 4 days (2025-08-15). - **Risks:** High theta decay (-0.01–-0.02), limited upside potential. - **LQD Options:** - **Low Price:** $0.69. - **Low IV:** 10.16%. - **High Open Interest:** 4,814. - **Long Expiry:** 67 days (2025-10-17). - **Risks:** Moderate theta decay (-0.005). #### 4. **Strategies for Profit** Given your **short-term horizon (1.45 days)** and **conservative profile**, here’s how to optimize: | Strategy | Setup | Risk/Reward | Why It Fits | |----------|-------|--------------|-------------| | **Long Put (HYG20250815P80)** | Buy 80 Put (HYG) | Limited Risk, Moderate Reward | Benefits from **short-term price decline** (e.g., earnings-related volatility). | | **Short Call (LQD20251017C114)** | Sell 114 Call (LQD) | Unlimited Risk, High Reward | Captures **time decay** (theta) and **low IV**. | | **Calendar Spread (HYG)** | Buy 2025-08-15 Put, Sell 2025-09-19 Put | Limited Risk, Moderate Reward | Exploits **front-month volatility** vs. **back-month stability**. | --- ### 📊 **Key Takeaways** - **No Perfect Match:** The options market lacks contracts that meet all your criteria. - **Best Bets:** HYG20250815P80 (long put) or LQD20251017C114 (short call) for **low-cost exposure**. - **Risk Management:** Monitor **theta decay** and **IV changes** closely.