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.

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
OTLK Outlook Therapeutics Inc Options Chain 0.80 1.30 0.35 0.50 0.70 4.14 25 4 -0.30 -0.01 1.97 2.00 1/16/2026 Yes 4 21 None
BBAI BigBear.ai Holdings Inc Options Chain 0.42 0.61 0.28 0.50 0.56 0.95 10 2 -0.29 -0.01 6.10 6.00 1/23/2026 No 5 17 None
AREC American Resources Corporation - Class A Options Chain 0.20 0.45 0.25 0.50 0.50 1.43 5 3 -0.27 0.00 2.93 2.50 1/16/2026 No 3 31 None
HYMC Hycroft Mining Holding Corporation - Class A Options Chain 0.60 1.30 0.45 1.00 0.45 1.05 20 2 -0.29 -0.01 11.44 10.00 1/16/2026 No 9 27 None
GOOGL Alphabet Inc - Class A Options Chain 6.65 8.50 2.18 5.00 0.44 0.33 18 10 -0.29 -0.15 319.63 300.00 1/23/2026 No 12 70 None
AAPL Apple Inc Options Chain 4.30 5.75 2.16 5.00 0.43 0.24 1 1 -0.29 -0.10 284.15 270.00 1/23/2026 No 10 63 None
FRMI Fermi Inc Options Chain 1.20 1.70 1.02 2.50 0.41 1.49 36 11 -0.26 -0.02 14.66 12.50 1/16/2026 No 3 17 None
QURE uniQure N.V. Options Chain 1.80 1.95 0.40 1.00 0.40 1.14 5915 2 -0.27 -0.04 25.48 20.00 1/16/2026 No 9 45 None
CRM Salesforce Inc Options Chain 4.20 5.75 1.87 5.00 0.37 0.31 7 4 -0.30 -0.10 238.72 230.00 1/23/2026 Yes 16 60 None
BW Babcock & Wilcox Enterprises Inc Options Chain 0.35 0.50 0.18 0.50 0.36 1.07 16 20 -0.25 -0.01 6.43 5.50 1/16/2026 No 8 24 None
CAPR Capricor Therapeutics Inc Options Chain 2.45 3.20 0.88 2.50 0.35 1.26 26 684 -0.33 -0.04 29.96 22.50 1/16/2026 No 8 41 None
FLNC Fluence Energy Inc - Class A Options Chain 1.35 1.70 0.35 1.00 0.35 1.03 8 16 -0.27 -0.03 19.85 19.00 1/16/2026 No 6 35 None