Cheap Lottery Tickets

The counter-narrative goal. Most screeners worship high-IV setups — but underlyings sitting at IV percentile below 20 (= options are historically cheap by their own standard) are precisely where directional long-options make sense, especially in the 30-60 day DTE window. Filter excludes anything with a known catalyst inside 7 days, since you don't want to buy cheap optionality right before the IV reprices upward.