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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLF | Cleveland-Cliffs Inc | Options Chain | 0.50 | 0.82 | 0.38 | 0.50 | 0.76 | 0.80 | 3 | 20 | -0.29 | -0.01 | 10.38 | 9.50 | 4/2/2026 | No | 5 | 40 | None | |
| LULU | Lululemon Athletica Inc | Options Chain | 4.25 | 11.55 | 3.05 | 5.00 | 0.61 | 0.60 | 1 | 1 | -0.29 | -0.13 | 176.42 | 160.00 | 4/2/2026 | Yes | 10 | 49 | None | |
| UBER | Uber Technologies Inc | Options Chain | 1.66 | 2.42 | 0.52 | 1.00 | 0.52 | 0.39 | 1 | 3 | -0.30 | -0.05 | 71.20 | 66.00 | 4/2/2026 | No | 7 | 54 | None | |
| SMCI | Super Micro Computer Inc | Options Chain | 1.19 | 2.04 | 0.47 | 1.00 | 0.47 | 0.75 | 3 | 30 | -0.26 | -0.03 | 30.43 | 27.00 | 4/2/2026 | No | 11 | 54 | None | |
| ONDS | Ondas Holdings Inc | Options Chain | 0.73 | 0.94 | 0.23 | 0.50 | 0.46 | 1.15 | 2 | 13 | -0.28 | -0.01 | 8.97 | 8.00 | 4/2/2026 | Yes | 8 | 37 | None | |
| CMG | Chipotle Mexican Grill | Options Chain | 0.61 | 1.50 | 0.44 | 1.00 | 0.44 | 0.40 | 5 | 27 | -0.26 | -0.02 | 36.30 | 34.00 | 4/2/2026 | No | 10 | 50 | None | |
| LRCX | Lam Research Corp | Options Chain | 11.00 | 12.35 | 2.13 | 5.00 | 0.43 | 0.64 | 2 | 2 | -0.30 | -0.21 | 236.93 | 215.00 | 4/2/2026 | No | 12 | 60 | None | |
| AMAT | Applied Materials Inc | Options Chain | 12.15 | 14.75 | 1.90 | 5.00 | 0.38 | 0.54 | 9 | 21 | -0.28 | -0.27 | 354.91 | 325.00 | 4/2/2026 | No | 12 | 62 | None | |
| MU | Micron Technology Inc | Options Chain | 25.00 | 26.90 | 1.90 | 5.00 | 0.38 | 0.79 | 4 | 3 | -0.30 | -0.44 | 414.72 | 370.00 | 4/2/2026 | Yes | 11 | 64 | None |