A real scan, frozen in time

This is genuine output from the Income Finder — not a mockup and not sample numbers. It was captured on September 7, 2026 at 2:03 PM EDT and saved, so the page costs nothing to load and you need no account to read it. Prices, greeks and probabilities are all as of that moment and are not live.

Symbol: SPY at $770.19Option prices & greeks: TradierMarket conditions: CBOE VIX complex + FRED5 of 5 expiration dates loaded
The scanner evaluated 1,948 contracts across 5 expiration dates and 474 cleared every filter. It rejected 649 for a bid-ask spread too wide to trade through, 644 for thin open interest, 103 for no volume that day and 78 for negative expected value — contracts that pay less than SPY actually moves. Below are the 8 highest-yielding of the 474 that passed, 6 from the conservative tier and 2 from the aggressive one.
Market weather at capture: Calm — normal conditions Calm regime: VIX 15.3 in contango (VIX3M 17.6). Favorable for selling premium. The stock is trending up. Support (a floor it tends to hold) is around $757.74; resistance (a ceiling it struggles to pass) is around $779.37. IV rank 34 of 100 · volatility risk premium 2.8%.
ℹ️ Heads up: options on this stock aren't especially richly priced right now, so the edge is thinner than ideal — payouts may be on the smaller side.
After-tax figures below use a sample profile — 32% federal ordinary, 15% long-term, 5% state, net investment income tax applied. In the app these come from your own Tax Settings, so your numbers will differ.

Higher modeled POP, smaller premium

Strikes further from the money: the model puts a higher probability on the contract expiring worthless, and the premium is correspondingly smaller.

80%modeled
POP*
SELL PUT$754.00 · Oct 2, 2026

Estimated premium $5.11/share ($511 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $754.00 on Oct 2, 2026. Otherwise the short leg is assigned.

Max risk — $74,889if SPY went to $0 — you would be obligated to buy 100 shares at $754.00.Across the 20% of modeled outcomes that lose, the average loss is $713 and the worst modeled case is $7,024.

🛡 Your $754 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 80% — at or above the 50% floor this scan used.
  • Positive expected value ($401 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 431 contracts open and 96 traded that day — liquid enough to exit at a fair price.
  • 25 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$511
Capital committed$75,400
Average loss when it loses$713
Annualized if it works5.9% after tax
Effective purchase price$748.89
LiquidityFair
Days to expiration25
Delta of short strike0.28
The plan the scanner produced
1 · Sell to open$5.10per share; not below fair value $5.10
2 · Take profit (buy back)$2.55banks roughly half the premium early
3 · Stop loss (buy back)$10.20≈ if SPY falls to $752.80
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $303).
  • If assigned you buy 100 shares at an effective $748.89 (2.8% below spot). Only sell puts on names you'd be happy to own.
81%modeled
POP*
SELL PUT$753.00 · Oct 2, 2026

Estimated premium $4.91/share ($491 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $753.00 on Oct 2, 2026. Otherwise the short leg is assigned.

Max risk — $74,809if SPY went to $0 — you would be obligated to buy 100 shares at $753.00.Across the 19% of modeled outcomes that lose, the average loss is $714 and the worst modeled case is $6,944.

🛡 Your $753 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 81% — at or above the 50% floor this scan used.
  • Positive expected value ($394 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 338 contracts open and 35 traded that day — liquid enough to exit at a fair price.
  • 25 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$491
Capital committed$75,300
Average loss when it loses$714
Annualized if it works5.6% after tax
Effective purchase price$748.09
LiquidityFair
Days to expiration25
Delta of short strike0.27
The plan the scanner produced
1 · Sell to open$4.90per share; not below fair value $4.90
2 · Take profit (buy back)$2.45banks roughly half the premium early
3 · Stop loss (buy back)$9.80≈ if SPY falls to $752.82
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $291).
  • If assigned you buy 100 shares at an effective $748.09 (2.9% below spot). Only sell puts on names you'd be happy to own.
82%modeled
POP*
SELL PUT$752.00 · Oct 2, 2026

Estimated premium $4.72/share ($472 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $752.00 on Oct 2, 2026. Otherwise the short leg is assigned.

Max risk — $74,728if SPY went to $0 — you would be obligated to buy 100 shares at $752.00.Across the 18% of modeled outcomes that lose, the average loss is $715 and the worst modeled case is $6,863.

🛡 Your $752 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 82% — at or above the 50% floor this scan used.
  • Positive expected value ($386 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 284 contracts open and 226 traded that day — liquid enough to exit at a fair price.
  • 25 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$472
Capital committed$75,200
Average loss when it loses$715
Annualized if it works5.4% after tax
Effective purchase price$747.28
LiquidityFair
Days to expiration25
Delta of short strike0.26
The plan the scanner produced
1 · Sell to open$4.70per share; not below fair value $4.70
2 · Take profit (buy back)$2.35banks roughly half the premium early
3 · Stop loss (buy back)$9.45≈ if SPY falls to $752.73
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $279).
  • If assigned you buy 100 shares at an effective $747.28 (3.0% below spot). Only sell puts on names you'd be happy to own.
82%modeled
POP*
SELL PUT$751.00 · Oct 2, 2026

Estimated premium $4.54/share ($454 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $751.00 on Oct 2, 2026. Otherwise the short leg is assigned.

Max risk — $74,646if SPY went to $0 — you would be obligated to buy 100 shares at $751.00.Across the 18% of modeled outcomes that lose, the average loss is $674 and the worst modeled case is $6,781.

🛡 Your $751 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 82% — at or above the 50% floor this scan used.
  • Positive expected value ($379 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 433 contracts open and 156 traded that day — liquid enough to exit at a fair price.
  • 25 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$454
Capital committed$75,100
Average loss when it loses$674
Annualized if it works5.2% after tax
Effective purchase price$746.46
LiquidityFair
Days to expiration25
Delta of short strike0.26
The plan the scanner produced
1 · Sell to open$4.55per share; not below fair value $4.55
2 · Take profit (buy back)$2.25banks roughly half the premium early
3 · Stop loss (buy back)$9.10≈ if SPY falls to $752.70
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $269).
  • If assigned you buy 100 shares at an effective $746.46 (3.1% below spot). Only sell puts on names you'd be happy to own.
82%modeled
POP*
SELL PUT$750.00 · Oct 2, 2026

Estimated premium $4.36/share ($436 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $750.00 on Oct 2, 2026. Otherwise the short leg is assigned.

Max risk — $74,564if SPY went to $0 — you would be obligated to buy 100 shares at $750.00.Across the 18% of modeled outcomes that lose, the average loss is $674 and the worst modeled case is $6,699.

🛡 Your $750 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 82% — at or above the 50% floor this scan used.
  • Positive expected value ($370 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 3,669 contracts open and 432 traded that day — liquid enough to exit at a fair price.
  • 25 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$436
Capital committed$75,000
Average loss when it loses$674
Annualized if it works5.0% after tax
Effective purchase price$745.64
LiquidityGood
Days to expiration25
Delta of short strike0.25
The plan the scanner produced
1 · Sell to open$4.35per share; not below fair value $4.35
2 · Take profit (buy back)$2.20banks roughly half the premium early
3 · Stop loss (buy back)$8.70≈ if SPY falls to $753.03
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $258).
  • If assigned you buy 100 shares at an effective $745.64 (3.2% below spot). Only sell puts on names you'd be happy to own.
81%modeled
POP*
SELL PUT$750.00 · Oct 9, 2026

Estimated premium $5.40/share ($540 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or above $750.00 on Oct 9, 2026. Otherwise the short leg is assigned.

Max risk — $74,460if SPY went to $0 — you would be obligated to buy 100 shares at $750.00.Across the 19% of modeled outcomes that lose, the average loss is $1,016 and the worst modeled case is $9,580.

🛡 Your $750 strike sits at or below the stock's support near $758 — an extra cushion before it's in trouble.

Full plan & details
What this trade cleared
  • Modeled POP 81% — at or above the 50% floor this scan used.
  • Positive expected value ($366 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 381 contracts open and 294 traded that day — liquid enough to exit at a fair price.
  • 32 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$540
Capital committed$75,000
Average loss when it loses$1,016
Annualized if it works4.9% after tax
Effective purchase price$744.60
LiquidityFair
Days to expiration32
Delta of short strike0.26
The plan the scanner produced
1 · Sell to open$5.40per share; not below fair value $5.40
2 · Take profit (buy back)$2.70banks roughly half the premium early
3 · Stop loss (buy back)$10.80≈ if SPY falls to $751.00
  • ⚠ High gamma: a 1% underlying move shifts this strike's delta by ≥0.05 — P/L convexity is elevated; expect fast swings.
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $320).
  • If assigned you buy 100 shares at an effective $744.60 (3.3% below spot). Only sell puts on names you'd be happy to own.

Higher premium, lower modeled POP

Strikes closer to (or through) the money: a materially larger premium against a materially lower modeled probability. Read the max-risk line on these before the yield.

52%modeled
POP*
SELL CALL$693.00 · Oct 30, 2026

Estimated premium $81.84/share ($8,185 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or below $693.00 on Oct 30, 2026. Otherwise the short leg is assigned.

Max risk — Theoretically unlimitedan uncovered call has no upper bound — a gap up in SPY can lose many times the premium.Across the 48% of modeled outcomes that lose, the average loss is $2,889 and the worst modeled case is $24,359.

🛡 Your $693 strike is below the nearest resistance (~$779); a strong rally could reach it.

Full plan & details
What this trade cleared
  • Modeled POP 52% — at or above the 50% floor this scan used.
  • Positive expected value ($8 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 1,910 contracts open and 43 traded that day — liquid enough to exit at a fair price.
  • 53 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$8,185
Capital committed$69,300
Average loss when it loses$2,889
Annualized if it works48.2% after tax
LiquidityGood
Days to expiration53
Delta of short strike0.90
The plan the scanner produced
1 · Sell to open$82.25per share; not below fair value $81.85
2 · Take profit (buy back)$40.90banks roughly half the premium early
3 · Stop loss (buy back)$163.70≈ if SPY rises to $852.62
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $4845).
52%modeled
POP*
SELL CALL$695.00 · Oct 30, 2026

Estimated premium $79.94/share ($7,994 per contract), before commissions. The contract expires worthless — you retain the premium — only if SPY settles at or below $695.00 on Oct 30, 2026. Otherwise the short leg is assigned.

Max risk — Theoretically unlimitedan uncovered call has no upper bound — a gap up in SPY can lose many times the premium.Across the 48% of modeled outcomes that lose, the average loss is $2,879 and the worst modeled case is $24,349.

🛡 Your $695 strike is below the nearest resistance (~$779); a strong rally could reach it.

Full plan & details
What this trade cleared
  • Modeled POP 52% — at or above the 50% floor this scan used.
  • Positive expected value ($17 per contract) when the payoff is priced against SPY's own realized volatility rather than the option's implied volatility.
  • 1,888 contracts open and 33 traded that day — liquid enough to exit at a fair price.
  • 53 days to expiration — clear of the final week, where small moves in the underlying flip the outcome.
  • SPY is an index ETF — no single-company earnings date to hold through.
  • The market was calm when this was captured — normal conditions for selling options.
Premium per contract$7,994
Capital committed$69,500
Average loss when it loses$2,879
Annualized if it works46.9% after tax
LiquidityGood
Days to expiration53
Delta of short strike0.90
The plan the scanner produced
1 · Sell to open$80.35per share; not below fair value $79.95
2 · Take profit (buy back)$39.95banks roughly half the premium early
3 · Stop loss (buy back)$159.90≈ if SPY rises to $850.84
  • Equity option: premium taxed short-term at 40.8% (after-tax credit $4733).

What it refused to show

The filters are most of the product, and their work is invisible by design. These contracts had the highest modeled POP of anything rejected in this scan — and each was rejected anyway.

  • $850.00 call, 53 days out, 98% modeled POP — negative expected value: it does not pay enough for how much SPY actually moves, so it loses money over repeated trades. A high modeled POP does not rescue it — the rare loss outweighs the sum of the wins.
  • $840.00 call, 53 days out, 97% modeled POP — negative expected value: it does not pay enough for how much SPY actually moves, so it loses money over repeated trades. A high modeled POP does not rescue it — the rare loss outweighs the sum of the wins.
  • $833.00 call, 53 days out, 96% modeled POP — negative expected value: it does not pay enough for how much SPY actually moves, so it loses money over repeated trades. A high modeled POP does not rescue it — the rare loss outweighs the sum of the wins.

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* Modeled probability of profit is an estimate from an options-pricing model, not a forecast and not a guarantee. It is the model's estimate of the chance the contract expires worthless, given assumptions about volatility that may not hold. The numbers on this page were true at September 7, 2026 at 2:03 PM EDT and have not been updated since.

Educational tool only — not investment, tax, or legal advice. This tool is not a registered investment adviser or broker-dealer and does not provide personalized recommendations. Probability of profit (POP), yields, and after-tax figures are model estimates (Black-Scholes based), not guarantees or predictions of future results. Estimates exclude commissions, fees, and slippage; your taxes depend on inputs you supply; market data may be delayed. Options involve substantial risk, including assignment and losses that can far exceed the premium received. Only you are responsible for your trades. Selling options carries substantial risk of loss. Full disclosures · Options Disclosure Document.