Low Delta Call Credit Spreads

A call credit spread is an options trading strategy designed to benefit from a stock's limited increase in price. The strategy uses two call options to create a range consisting of a lower strike price and an upper strike price. The call credit spread helps to limit losses of owning stock, but it also caps the gains. This strategy implementation ensures that the short strike always has a Delta value less than or equal to 0.30.

Download as spreadsheet Download

Ticker Company Options Chain Bid Ask Spread Premium Spread Width Premium to Spread Ratio Implied Volatility Short Volume Long Volume Delta Theta Underlying Stock Price Short Strike Price Contract Expiration Earnings Overlap? Liquidity Rating Algorithm Score Safety Score Lists
LULU Lululemon Athletica Inc Options Chain 6.90 11.35 3.04 5.00 0.61 0.67 1 4 0.29 -0.15 190.01 220.00 1/23/2026 Yes 13 57 None
SMCI Super Micro Computer Inc Options Chain 0.67 2.17 0.58 1.00 0.58 0.62 1 19 0.29 -0.03 34.69 40.00 1/23/2026 No 12 50 None
DQ Daqo New Energy Corp Options Chain 1.10 1.45 0.43 1.00 0.43 0.73 4 1 0.28 -0.03 31.46 37.00 1/16/2026 No 11 11 None
ACHR Archer Aviation Inc - Class A Options Chain 0.30 0.58 0.19 0.50 0.38 0.79 6 10 0.29 -0.01 8.60 10.50 1/23/2026 No 8 38 None
AMD Advanced Micro Devices Inc Options Chain 6.35 8.85 1.80 5.00 0.36 0.49 150 11 0.30 -0.15 217.97 245.00 1/23/2026 No 11 61 None
UPS United Parcel Service Inc - Class B Options Chain 1.32 2.16 0.36 1.00 0.36 0.24 22 2 0.30 -0.03 94.87 100.00 1/23/2026 No 10 65 None
PANW Palo Alto Networks Inc Options Chain 2.00 5.45 1.79 5.00 0.36 0.31 1 1 0.26 -0.07 198.84 215.00 1/23/2026 No 7 58 None
GEO Geo Group Inc Options Chain 0.45 0.65 0.35 1.00 0.35 0.52 39 3 0.30 -0.01 17.16 19.00 1/16/2026 No 12 49 None