Gotcha. Getting hold of historical option data may be a challenge. I haven't kept up with Quantopian for about a year, but I don't believe they have added options to the list of their services. If you go to a large university, there is a good chance you have access to Wharton Research Data Services which may have historical option data (I can't quite remember everything that's included in a WRDS subscription).
Once you get the option data, you could create a Black-Scholes pricing model to signal whether the options are priced appropriately. Be careful though, this can quickly become a very complicated. It may be easiest to run the algorithm on just the SPY or a few ETFs as opposed to the entire universe of US equities.