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 implementation 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SNOW | Snowflake Inc - Class A | Options Chain | 5.30 | 7.40 | 1.33 | 1.00 | 1.33 | 0.63 | 1 | 3 | -0.29 | -0.13 | 129.12 | 119.00 | 12/27 | Yes | 5 | None | |
| RKLB | Rocket Lab USA Inc | Options Chain | 1.20 | 1.25 | 0.35 | 0.50 | 0.70 | 0.91 | 30 | 5 | -0.28 | -0.03 | 20.18 | 18.00 | 12/27 | No | 6 | None | |
| COIN | Coinbase Global Inc - Class A | Options Chain | 18.80 | 20.95 | 2.95 | 5.00 | 0.59 | 0.90 | 7 | 47 | -0.28 | -0.46 | 324.57 | 285.00 | 12/27 | No | 11 | None | |
| PYPL | PayPal Holdings Inc | Options Chain | 1.40 | 1.53 | 0.56 | 1.00 | 0.56 | 0.30 | 1 | 1 | -0.29 | -0.05 | 84.74 | 81.00 | 12/27 | No | 12 | None | |
| SMR | Options Chain | 1.90 | 2.25 | 0.25 | 0.50 | 0.50 | 1.13 | 4 | 3 | -0.30 | -0.04 | 25.74 | 22.50 | 12/27 | No | 3 | None | ||
| DKNG | DraftKings Inc - Class A | Options Chain | 0.90 | 1.55 | 0.48 | 1.00 | 0.48 | 0.45 | 7 | 9 | -0.27 | -0.03 | 43.21 | 41.00 | 12/27 | No | 4 | None | |
| WMT | Walmart Inc | Options Chain | 1.01 | 1.06 | 0.48 | 1.00 | 0.48 | 0.19 | 134 | 16 | -0.29 | -0.03 | 87.18 | 85.00 | 12/27 | Yes | 8 | None | |
| PLTR | Palantir Technologies Inc - Class A | Options Chain | 2.37 | 2.65 | 0.41 | 1.00 | 0.41 | 0.57 | 160 | 62 | -0.30 | -0.06 | 62.12 | 58.00 | 12/27 | No | 11 | None | |
| CRM | Salesforce Inc | Options Chain | 5.95 | 8.40 | 1.95 | 5.00 | 0.39 | 0.40 | 1 | 14 | -0.27 | -0.21 | 323.43 | 305.00 | 12/27 | Yes | 14 | None | |
| ASTS | AST SpaceMobile Inc - Class A | Options Chain | 1.60 | 1.75 | 0.38 | 1.00 | 0.38 | 1.00 | 108 | 69 | -0.30 | -0.04 | 26.14 | 21.00 | 12/27 | No | 6 | None | |
| SLB | SLB | Options Chain | 0.58 | 0.78 | 0.36 | 1.00 | 0.36 | 0.31 | 2 | 2 | -0.27 | -0.02 | 43.53 | 41.00 | 12/27 | No | 16 | None | |
| ACHR | Archer Aviation Inc - Class A | Options Chain | 0.15 | 0.35 | 0.18 | 0.50 | 0.36 | 0.73 | 51 | 1 | -0.28 | -0.01 | 5.13 | 4.50 | 12/27 | No | 11 | None | |
| TSLA | Tesla Inc | Options Chain | 12.60 | 12.95 | 1.75 | 5.00 | 0.35 | 0.59 | 132 | 176 | -0.29 | -0.33 | 342.03 | 315.00 | 12/27 | No | 11 | None | |
| XPEV | XPeng Inc | Options Chain | 0.54 | 0.59 | 0.17 | 0.50 | 0.34 | 0.68 | 10 | 1 | -0.29 | -0.01 | 12.64 | 11.50 | 12/27 | Yes | 12 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 15.45 | 19.65 | 1.68 | 5.00 | 0.34 | 0.37 | 5 | 6 | -0.29 | -0.48 | 753.41 | 715.00 | 12/27 | No | 7 | None | |
| RUN | Sunrun Inc | Options Chain | 0.50 | 0.68 | 0.33 | 1.00 | 0.33 | 0.91 | 3 | 1 | -0.27 | -0.01 | 10.20 | 9.00 | 12/27 | No | 7 | None | |
| MRNA | Moderna Inc | Options Chain | 1.86 | 1.99 | 0.33 | 1.00 | 0.33 | 0.83 | 2 | 2 | -0.27 | -0.05 | 36.94 | 33.00 | 12/27 | No | 11 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.56 | 0.64 | 0.33 | 1.00 | 0.33 | 0.33 | 2 | 7 | -0.28 | -0.02 | 31.77 | 30.00 | 12/27 | No | 9 | None | |
| SHOP | Shopify Inc - Class A | Options Chain | 2.26 | 2.60 | 0.33 | 1.00 | 0.33 | 0.35 | 1 | 19 | -0.29 | -0.07 | 103.94 | 99.00 | 12/27 | No | 14 | None |