Here’s a dirty little secret about unusual options screeners: every day, you’re going to find securities that trigger the algorithm due to their aberrant transactions relative to prior trends. But that doesn’t mean that every single idea on the list is worth a hoot. You got to find a way to mathematically pinpoint probabilistically enticing trades. Otherwise, you’re going to be chasing noise.
For those who are looking for an empirically compelling idea, Samsara (IOT) should be on your radar. In my column “The Saturday Spread,” I mentioned that the fleet management and safety platform provider — which is one of the leaders in applied artificial intelligence — may have a realistic chance of moving higher due to a rare quantitative signal.
