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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KSS | Kohl`s Corp | Options Chain | 0.70 | 1.61 | 0.64 | 1.00 | 0.64 | 0.53 | 2 | 3 | -0.28 | -0.02 | 22.02 | 20.00 | 5/31 | Yes | 14 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.60 | 10.05 | 2.30 | 5.00 | 0.46 | 0.22 | 20 | 46 | -0.29 | -0.19 | 478.99 | 465.00 | 5/31 | Yes | 9 | None | |
| PLTR | Palantir Technologies Inc - Class A | Options Chain | 1.14 | 1.20 | 0.20 | 0.50 | 0.40 | 0.70 | 3 | 32 | -0.30 | -0.02 | 21.31 | 19.50 | 5/31 | Yes | 12 | None | |
| NVDA | NVIDIA Corp | Options Chain | 36.55 | 38.05 | 1.88 | 5.00 | 0.38 | 0.59 | 10 | 41 | -0.30 | -0.76 | 874.15 | 780.00 | 5/31 | Yes | 14 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.12 | 2.09 | 0.37 | 1.00 | 0.37 | 0.26 | 6 | 34 | -0.27 | -0.04 | 93.39 | 91.00 | 5/31 | No | 11 | None | |
| META | Meta Platforms Inc - Class A | Options Chain | 15.90 | 17.00 | 1.83 | 5.00 | 0.37 | 0.45 | 4 | 6 | -0.30 | -0.34 | 501.50 | 465.00 | 5/31 | Yes | 16 | None | |
| SOFI | SoFi Technologies Inc | Options Chain | 0.37 | 0.40 | 0.17 | 0.50 | 0.34 | 0.72 | 8 | 9 | -0.29 | -0.01 | 7.16 | 6.50 | 5/31 | Yes | 6 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.60 | 5.25 | 1.68 | 5.00 | 0.34 | 0.41 | 14 | 5 | -0.30 | -0.09 | 164.32 | 155.00 | 5/31 | Yes | 11 | None |