This is a bull market scan. It is designed to catch stocks that previously sold off with the market and that have the characteristics to bounce violently with it once it recovers. You are looking to bid flor those cheap OTM options knowing that if the market recovers the stocks will recover with it. Gamma lottos are a type of lotto that you do around 2 week far out. For more information on how they work, visit this video: https://www.youtube.com/watch?v=nfd-081pcQM&t=4s
As a side-note: For the Option IV checkbox select 0.01 – 0.35. The website only allows me to put in values between 1-3.