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 | Safety Score | Lists |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | Adobe Inc | Options Chain | 7.40 | 12.15 | 2.88 | 5.00 | 0.58 | 0.53 | 3 | 3 | -0.28 | -0.18 | 253.37 | 225.00 | 7/2/2026 | Yes | 8 | 54 | None | |
| ARM | Options Chain | 14.70 | 17.30 | 1.72 | 5.00 | 0.34 | 0.84 | 9 | 3 | -0.29 | -0.34 | 259.75 | 250.00 | 7/2/2026 | No | 3 | 22 | None |