Low Delta Put Credit Spreads
A put credit spread is an options strategy that an investor uses when they expect a moderate rise in the price of the underlying asset. The strategy employs two put options to form a range, consisting of a high strike price and a low strike price. The investor receives a net credit from the difference between the premiums of the two options. This strategy ensures that the short strike always has a delta value greater than or equal to -0.30.
| 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 | Lists |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRC | First Republic Bank | Options Chain | 4.00 | 4.40 | 2.55 | 5.00 | 0.51 | 3.80 | 61 | 774 | -0.22 | -0.05 | 12.53 | 10.00 | 5/05 | Yes | 17 | None | |
| SHOP | Shopify Inc - Class A | Options Chain | 2.28 | 2.48 | 0.34 | 1.00 | 0.34 | 0.69 | 12 | 33 | -0.30 | -0.05 | 45.79 | 42.00 | 5/05 | Yes | 8 | None | |
| META | Meta Platforms Inc - Class A | Options Chain | 8.20 | 9.10 | 0.83 | 2.50 | 0.33 | 0.56 | 5 | 2 | -0.30 | -0.17 | 204.28 | 190.00 | 5/05 | Yes | 13 | None |