Give me a blueprint to analyze stocks under 5 minutes and determine best options contract for intraday trading. List specific indicators to analyze stocks. List specific indicators for options that won't lose value over time and show me step by step how to do this analysis

**Bottom-line:**
By spending ~60 seconds on each of the four checkpoints below you can (1) identify the day’s highest-probability momentum stocks and (2) pick an options contract whose price is driven primarily by the underlying move—not by time decay. ⏱️🚀

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## 5-Minute Turbo-Checklist 🔍

| Phase | What You Do | Key Data/Indicator | Target Reading (Rule-of-Thumb) | Time Spent |
|-------|--------------|--------------------|--------------------------------|------------|
| 1️⃣ Pre-Market Scan | Sort the entire market for “ready-to-run” names | • Gap % (open-pre-mkt) • Pre-mkt Volume vs 20-day avg | • Gap ≥ +2% with volume ≥ 3× avg | 60 s |
| 2️⃣ Momentum Confirmation | Make sure the move is **real**, not noise | • 1- & 5-min VWAP test • 20-/50-/200-EMA alignment • ADX(14) | • Price above VWAP & 20 EMA • 20 > 50 > 200 (bull stack) • ADX > 25 signals trend strength | 60 s |
| 3️⃣ Exhaustion Filter | Avoid late entries / fakeouts | • RSI(2) ultra-short • Volume Delta (uptick-downtick) • 15-min Keltner Channel | • RSI(2) < 90 (not overbought) • Positive Delta > 0 • Price not > 1 ATR above upper Keltner | 60 s |
| 4️⃣ Options Pick | Choose the contract that behaves **like stock** but cheaper | • Delta, Theta, IV Rank, Open Interest, Bid-Ask Spread | • Delta ≥ 0.65 (moves 65 ¢ per $1 stock) • Theta ≤ -0.04 (low decay) • IV Rank < 70 (avoid IV crush) • OI ≥ 1,000 & spread ≤ 5% | 90 s |
| **Buffer / Execution** | Enter order, set stop & target | • 3-ATR trailing stop • 1R:2R risk/reward map | Done in trading platform | 30 s |

Total ≈ 4 min 30 s ⏲️

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## Indicator Cheat-Sheet 📊

### A. Stock Selection Indicators
1. Gap % & Pre-Market Volume – early clue of news or sentiment surge.
2. VWAP (1- & 5-min) – bull/bear intraday “fair value.”
3. EMA Trio (20-50-200) – confirms multi-timeframe trend.
4. ADX(14) – separates strong trends (> 25) from chop.
5. RSI(2) – ultra-fast oscillator; catches over-extension.
6. Keltner Channel or ATR – gauges distance from mean for fade/continuation call.
7. Order-Flow / Volume Delta – ensures buyers are actually lifting offers.

### B. Options-Specific Indicators *(aim: minimal value bleed)*
1. Delta ≥ 0.65 – behaves like stock; less gamma flip risk.
2. Theta (absolute) ≤ 0.04/day – slow time decay.
3. Implied Volatility Rank (IVR) < 70 – limits post-entry IV crush.
4. Open Interest ≥ 1,000 & Tight Spread – guarantees liquidity.
5. Gamma: medium (0.05-0.15) – responsive but not whipsaw.
6. Days-to-Expiry: 5-15 trading days – enough time that theta isn’t vertical but short enough to amplify move.

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## Step-by-Step “Live Fire” Example 🛠️

1. 08:55 ET — **Run Pre-Market Screener**
• Watch for > +2% gappers with > 3× 20-day volume.
• Example result: $ABC at +4.3%, 600 k vs 110 k avg.

2. 09:30 ET — **Open 1-min Chart**
• First 3 candles hold above VWAP + 20-EMA; ADX pushes 28 → ✔️

3. 09:33 ET — **Check RSI(2) & Keltner**
• RSI(2) = 81, price 0.7 ATR above upper band → still room.

4. 09:34 ET — **Pull Up Options Chain**
• Stock $18.40 → choose $17.50 weekly call (Δ 0.71, Θ -0.03, IVR 55, OI 2,400, spread 4 ¢).
• Cost ≈ $1.20; breakeven = $18.70.

5. 09:35 ET — **Place Trade & Risk Controls**
• Buy 5 contracts → $600 debit.
• Hard stop = stock $18.05 (-1 ATR) or options premium −30%.
• Target = $19.10 stock (2R), trail 3-ATR thereafter.

6. Throughout session — **Monitor Greeks**
• Δ grows as stock trends, Θ remains tame.
• Close ≥ 3:55 ET to dodge EOD liquidity drop.

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## Why This Mitigates “Time Value Bleed” 🧮

Deep- or at-the-money, short-dated options with high delta but low theta decay primarily through **intrinsic value change**, not through passing minutes. Selecting contracts with modest IV also averts a vol crush that drains premium even if price moves in your favor. In short: you pay for stock-like exposure, not ticking clock ⏳.

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### Final Tips & Mindset 💡

• Stick to **one or two tickers per day**—focus beats FOMO.
• Record every trade in a spreadsheet noting the checklist readings; refine rules after 20 trades.
• Accept that some decay is inevitable; your edge lies in **speed of entry, precision of exit**, and strict risk control.

You now have a portable, repeatable 5-minute playbook. Trade fast, trade disciplined, and may the spreads be ever in your favor! 🏹📈