Markets are cyclical.
Volatility has memory.
Every major sell-off eventually ends. What follows is a slow compression of fear — and a window where long-dated options become historically cheap.
Fear spikes. VIX explodes.
Market crashes trigger panic. Implied volatility surges to 40, 60, 80. Options become expensive. This is the wrong time to buy convexity.
Markets recover. Fear is forgotten.
Over months, VIX drifts back to 12–18. IV Rank falls below 20. Long-dated options become historically cheap — high leverage at low cost.
Low IV Rank = entry window.
Coiled Spring identifies underlyings where implied volatility is in the bottom quartile of its 12-month range. That’s your signal.
Where is volatility right now?
Live VIX and market data — check the current volatility regime before scanning for opportunities.
Find → Analyze → Track
Scan for low IV Rank
Filter 3,500+ US underlyings by IV Rank, Delta, DTE, and liquidity. The scanner surfaces options where implied volatility is historically compressed — the precise condition where buying convexity makes structural sense.
Deep-dive on opportunity
Each candidate has a full Opportunity Analysis: IV history, volatility surface, Greeks, spread quality, and a CS Score composite signal. Coiled AI answers your specific questions about the contract.
Save & monitor positions
Add contracts to your Watchlist to track live Greeks and P&L evolution. Open positions feed into the Portfolio Tracker with payoff diagram, What-If simulator, and aggregate risk exposure view.
The CS Score:
one number that matters
Each contract gets a score 0–100. Above 70: cheap vol, liquid, positioned for expansion.
Buyers only. No meaning for short premium strategies.
How cheap vol is vs. its 12-month range
Proximity to the 0.25–0.35 sweet spot
Time buffer for the thesis to develop
Liquidity and execution quality
Sensitivity to volatility expansion
What's waiting on the other side.
Five tools, one workflow. Here's exactly what you'll find the moment you log in.
3,500+ underlyings.
Filtered to your edge.
Set your IV Rank ceiling, delta range, and DTE window. The scanner surfaces every candidate sorted by CS Score — highest structural quality first, noise last.
See where the market
prices fear.
An interactive volatility surface for any US underlying. Spot term structure compression, skew shifts, and strike-level anomalies before they expand into your P&L.
CS Score + WHY Panel.
A number and its reason.
Every contract scores 0–100. The WHY Panel explains each dimension so you understand why a setup qualifies — not just that it does.
Open it. Track it.
Know when to close.
Every open position tracked in real time. P&L, Greeks, theta burned percentage — the data to decide whether to hold, roll, or close, without opening a spreadsheet.
1,136 tickers.
Sorted by compression.
Historical volatility screener across the full universe. Find tickers where realized vol is at multi-month lows — the setup that precedes the most asymmetric LEAPS entries.
Track positions.
Stress-test scenarios.
Paper-trade any options strategy and run What-If analysis before committing real capital. The Payoff Diagram shows your full P&L curve across strike moves and time horizons — powered by live Black-Scholes with real implied volatility.
All of this. Free tier. No credit card required.
Terminal User Guide v3.0
Il manuale completo del terminale. Workflow, moduli, CS Score, Volatility Surface, Portfolio e What-If — tutto in un documento.
Study the crashes
Every major vol spike was preceded by a period of compression. Understanding the pattern is the first step to exploiting it.
The intellectual foundation
Written by a 20-year capital markets professional, the book explains the theory behind buying volatility when it's cheap — why financial crises are structurally predictable, why LEAPS options are the right instrument, and how to construct positions that benefit from market dislocations without requiring precise timing.
Structured options education
A modular video course — from options fundamentals to advanced vol strategies. Complete each module, pass the quiz, unlock the next.
Foundations of Options and Pricing
- >What an option is: rights vs. obligations, calls vs. puts
- >Strike price, expiration, intrinsic value and time value
- >How theoretical pricing models estimate fair value (Black-Scholes assumptions)
- >The first Greeks: Delta and Gamma
- >Basic strategies: covered call, protective put, vertical spread
Volatility, Theoretical Value and Market Conditions
- >Historical volatility vs. implied volatility, and how each is estimated
- >Vega and Theta, and how Gamma interacts with them
- >Reading a volatility term structure and skew
- >Advanced risk: Gamma scalping, volatility mean reversion
- >How changing market conditions reprice an option in real time
Spread Construction and Relative Value
- >Building vertical spreads (bull/bear, debit/credit) and vol spreads (straddle, strangle)
- >Ratio spreads and backspreads: when to use them and their tail risk
- >Dollar-Delta equalization to compare instruments across different markets
- >Evaluating relative value across strikes and expirations accounting for skew
- >Final checklist before entering a multi-leg spread (payoff, Greeks, margin, liquidity)
Module 04 — Coming Soon
Module 05 — Coming Soon
Video lessons and readings structured in progressive modules — no deadlines, no pressure.
Each module unlocks after you complete the previous one and pass a short quiz.
Every module comes with an AI assistant to answer your questions in context, in real time.
Every concept links directly to a live feature inside the Coiled Spring terminal.
Common questions
IV Rank measures where current implied volatility sits relative to its 12-month historical range. A low IV Rank means options are historically cheap — the ideal condition for buying long-dated options because you pay less for the same leverage.
Any US stock or ETF with listed options. Type any ticker in the scanner search field. The platform covers 3,500+ US underlyings.
Start with DTE between 300 and 750, Delta between 0.15 and 0.40, and IV Rank below 25. These parameters identify long-dated options with high convexity and historically low cost. Narrow by spread and open interest for liquidity.
Options data is delayed. The platform is designed for position research and strategy analysis, not intraday execution. For LEAPS with 1–2 year horizons, delayed data is sufficient for identifying entry windows.
US options markets are the most liquid in the world — tighter bid-ask spreads, deeper open interest across strikes and expirations, and more reliable pricing. Reliable execution on entry and exit depends on liquidity. We chose depth over breadth.
The next compression window
is already forming.
Free beta access. No credit card. Scan the full US options market in minutes.
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