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
SPCE Virgin Galactic Holdings Inc - Class A Options Chain 0.80 1.42 0.27 0.50 0.54 1.96 48 3 -0.27 -0.02 5.73 5.00 7/31/2026 No 5 30 None
RDW Redwire Corporation Options Chain 1.95 2.30 0.23 0.50 0.46 1.31 11 2 -0.30 -0.03 17.09 15.00 7/31/2026 No 5 37 None
AAOI Applied Optoelectronics Inc Options Chain 21.20 24.80 2.20 5.00 0.44 1.42 1 49 -0.29 -0.33 168.71 150.00 7/31/2026 No 8 43 None
ARM Options Chain 30.10 34.20 2.17 5.00 0.43 1.04 2 2 -0.30 -0.48 300.40 305.00 7/31/2026 No 3 22 None
MRVL Marvell Technology Inc Options Chain 24.05 27.65 2.07 5.00 0.41 1.04 2 26 -0.30 -0.40 252.59 250.00 7/31/2026 No 11 59 None
CRM Salesforce Inc Options Chain 3.80 7.80 2.01 5.00 0.40 0.45 5 2 -0.30 -0.10 175.00 155.00 7/31/2026 No 15 71 None
ORCL Oracle Corp Options Chain 6.80 8.20 1.85 5.00 0.37 0.55 90 110 -0.30 -0.15 180.88 170.00 7/24/2026 Yes 7 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.35 18.40 1.68 5.00 0.34 0.50 1 1 -0.30 -0.30 421.07 390.00 7/31/2026 Yes 22 66
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