Schwab Hedged Ratio Spread Scanner

Market data Schwab Market Data API

Symbol

Strikes / Side120 strikes

Fetch Start DTE Fetch End DTE

Auto

Hedged Ratio Vertical Spread Theory: A wide primary debit spread is financed by selling \(N = \text{Width}_1 / \text{Width}_2\) narrow out-of-the-money credit spreads. The maximum payout of the primary long spread fully collateralizes the maximum loss of the \(N\) short credit spreads at expiration, yielding an ultra-high probability trade with zero required collateral (or reduced net debit)!

Hedged Ratio Strategy Generator & Multi-Core Optimizer 1-Wing (4L Single-Sided) & 2-Wing (8L Dual-Wing Iron) Ratio Engine

Architecture Strategy Preset Expiration Structure ⓘExpiration StructurePermutations of Near and Far expirations across legs. All configurations ensure short legs expire on or before corresponding long legs to maintain 100% defined-risk.Ex: "Primary Long Far" buys far-term long and sells near-term shorts to harvest rapid theta! Max Results Near Expiration Far Expiration

Wing 1 (4L Hedged Ratio Spread) Call · 10w Long / 2w Short (N=5×)

Type

Primary Width (W₁)10 steps

Sec Width (W₂)2 steps

Pri ↔ Sec Gap ⓘPrimary to Secondary Spread GapNumber of strike steps between Primary Short and Secondary Short.>0: OTM Credit Spread
0: Broken-Wing Fly (Shared Strike)
<0: Overlapped Spread+2 steps

Qty Offset (ΔN) ⓘQuantity Offset from Exact Collateral Ratio NAdjusts secondary credit spread quantity relative to exact collateral ratio \(N = W_1 / W_2\).0: Exact Zero-Collateral Ratio (N)
+2: N+2 Spreads (Higher Credit, Small Margin)
-1: N-1 Spreads (Guaranteed Wing Profit)Δ 0 (N=5×)

Pri Qty1×

Scan Axis

Vary StrikesVary Expiry

Pricing Basis

Natural (Marketable)Mid (Midpoint)

Synchronize Wings ⓘSynchronize Spread ParametersWhen "Synced" is selected, modifying Primary Width, Secondary Width, Gap, or Offset on Wing 1 automatically applies the same settings to Wing 2.Ex: Wing 1 & Wing 2 both use 10w / 2w (N=5×).

Independent Synced

Price Travel Range (P/L Scope) ⓘTarget Price Travel HorizonLimits the P/L and Peak Gain evaluation strictly to this expected price move window around spot at near expiration.Ex: ±2% calculates the maximum profit within a ±2% price move.

1σ Move: ~0.8%