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.
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| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CBRL | Cracker Barrel Old Country Store Inc | Options Chain | 1.65 | 5.00 | 2.15 | 2.50 | 0.86 | 0.71 | 164 | 41 | -0.30 | -0.04 | 39.52 | 32.50 | 5/16/2025 | No | 11 | 49 | None | |
| KD | Kyndryl Holdings Inc | Options Chain | 1.50 | 1.95 | 0.68 | 1.00 | 0.68 | 0.76 | 3 | 6 | -0.28 | -0.03 | 30.60 | 28.00 | 5/16/2025 | No | 10 | 46 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.65 | 6.65 | 2.50 | 5.00 | 0.50 | 0.50 | 2 | 10 | -0.30 | -0.10 | 149.06 | 130.00 | 5/23/2025 | Yes | 16 | 67 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.15 | 1.70 | 0.48 | 1.00 | 0.48 | 0.55 | 3 | 10 | -0.28 | -0.03 | 44.14 | 36.00 | 5/16/2025 | Yes | 12 | 74 | None | |
| CVNA | Carvana Co. - Class A | Options Chain | 13.00 | 18.00 | 2.00 | 5.00 | 0.40 | 1.01 | 2 | 2 | -0.29 | -0.25 | 210.50 | 160.00 | 5/23/2025 | Yes | 5 | 47 | None | |
| SE | Sea Ltd | Options Chain | 6.05 | 7.20 | 2.00 | 5.00 | 0.40 | 0.68 | 72 | 18 | -0.30 | -0.12 | 123.50 | 110.00 | 5/16/2025 | Yes | 5 | 50 | None | |
| IONQ | IonQ Inc | Options Chain | 2.07 | 2.12 | 0.91 | 2.50 | 0.36 | 1.20 | 84 | 91 | -0.28 | -0.04 | 23.05 | 20.00 | 5/16/2025 | No | 7 | 40 | None | |
| VTLE | Options Chain | 0.90 | 1.55 | 0.88 | 2.50 | 0.35 | 0.81 | 163 | 11 | -0.28 | -0.02 | 19.95 | 15.00 | 5/16/2025 | No | 3 | 16 | None | ||
| PLTR | Palantir Technologies Inc - Class A | Options Chain | 5.95 | 6.10 | 0.88 | 2.50 | 0.35 | 0.92 | 1014 | 100 | -0.30 | -0.11 | 80.36 | 75.00 | 5/16/2025 | Yes | 10 | 45 | None | |
| NFLX | Netflix Inc | Options Chain | 33.95 | 34.70 | 1.70 | 5.00 | 0.34 | 0.51 | 14 | 83 | -0.30 | -0.72 | 907.22 | 855.00 | 5/16/2025 | Yes | 8 | 65 | None | |
| RDDT | Reddit Inc - Class A | Options Chain | 7.60 | 8.00 | 1.68 | 5.00 | 0.34 | 1.06 | 124 | 109 | -0.29 | -0.14 | 99.50 | 85.00 | 5/16/2025 | Yes | 8 | 38 | None | |
| VRT | Vertiv Holdings Co - Class A | Options Chain | 4.50 | 4.65 | 1.67 | 5.00 | 0.33 | 0.90 | 398 | 91 | -0.29 | -0.09 | 70.54 | 60.00 | 5/16/2025 | Yes | 11 | 57 | None | |
| OUST | Ouster Inc - Class A | Options Chain | 0.55 | 0.65 | 0.33 | 1.00 | 0.33 | 1.04 | 102 | 151 | -0.28 | -0.01 | 8.92 | 7.00 | 5/16/2025 | Yes | 10 | 27 | None | |
| PLAY | Dave & Buster`s Entertainment Inc | Options Chain | 1.25 | 1.35 | 0.33 | 1.00 | 0.33 | 1.01 | 22 | 21 | -0.29 | -0.02 | 17.65 | 15.00 | 5/16/2025 | No | 12 | 44 | None |
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