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
LRCX Lam Research Corp Options Chain 3.35 4.55 1.16 1.00 1.16 0.42 10 3 -0.29 -0.07 115.58 109.00 10/31/2025 Yes 14 64 None
MRK Merck & Co Inc Options Chain 1.89 2.27 1.13 1.00 1.13 0.34 2 7 -0.30 -0.03 85.15 78.00 10/31/2025 Yes 14 73 None
MO Altria Group Inc Options Chain 0.85 2.22 0.72 1.00 0.72 0.29 1 4 -0.27 -0.01 66.36 63.00 10/31/2025 Yes 11 66 None
B Barrick Gold Corp Options Chain 0.64 0.69 0.35 0.50 0.70 0.32 22 2 -0.30 -0.01 29.03 27.50 10/31/2025 No 3 19 None
APLD Options Chain 1.15 1.59 0.33 0.50 0.66 0.97 6 10 -0.28 -0.02 18.68 16.00 10/31/2025 No 3 18 None
QS QuantumScape Corp - Class A Options Chain 0.60 0.94 0.32 0.50 0.64 1.04 7 2 -0.26 -0.01 8.85 8.50 10/31/2025 Yes 9 26 None
OPEN Opendoor Technologies Inc Options Chain 1.64 1.81 0.31 0.50 0.62 1.81 1508 36 -0.30 -0.02 10.52 8.00 10/31/2025 No 6 26 None
SOFI SoFi Technologies Inc Options Chain 1.24 1.69 0.30 0.50 0.60 0.64 38 23 -0.30 -0.02 26.03 24.50 10/31/2025 Yes 8 49 None
CIFR Cipher Mining Inc Options Chain 1.09 1.32 0.28 0.50 0.56 1.24 6 1 -0.30 -0.02 10.85 9.50 10/31/2025 Yes 6 39 None
CMG Chipotle Mexican Grill Options Chain 1.23 1.69 0.49 1.00 0.49 0.49 35 27 -0.29 -0.03 38.63 36.00 10/31/2025 Yes 10 54 None
UPS United Parcel Service Inc - Class B Options Chain 2.31 2.50 0.43 1.00 0.43 0.38 2 26 -0.29 -0.05 84.35 80.00 10/31/2025 Yes 10 62 None
COIN Coinbase Global Inc - Class A Options Chain 11.30 15.30 2.10 5.00 0.42 0.57 2 1 -0.28 -0.28 323.95 295.00 10/31/2025 No 14 64 None
WULF TeraWulf Inc Options Chain 0.71 0.78 0.21 0.50 0.42 0.87 25 2 -0.29 -0.01 10.76 9.50 10/31/2025 No 3 33 None
INTC Intel Corp Options Chain 0.73 1.04 0.21 0.50 0.42 0.48 2 15 -0.30 -0.02 24.61 22.50 10/31/2025 Yes 4 44 None
CRWV CoreWeave Inc - Class A Options Chain 6.65 7.50 2.05 5.00 0.41 0.81 100 61 -0.28 -0.12 111.96 100.00 10/31/2025 No 3 22 None
FCX Freeport-McMoRan Inc Options Chain 1.22 1.42 0.41 1.00 0.41 0.40 5 4 -0.29 -0.02 45.92 42.00 10/31/2025 Yes 12 62 None
MRNA Moderna Inc Options Chain 1.28 1.48 0.40 1.00 0.40 0.78 53 79 -0.28 -0.03 25.39 21.00 10/31/2025 Yes 12 44 None
ONDS Ondas Holdings Inc Options Chain 0.55 0.65 0.20 0.50 0.40 1.21 7 17 -0.27 -0.01 6.42 5.50 10/31/2025 No 7 26 None
BBAI BigBear.ai Inc Options Chain 0.35 0.45 0.20 0.50 0.40 0.94 47 62 -0.30 -0.01 5.06 4.50 10/31/2025 No 4 21 None
ADBE Adobe Inc Options Chain 6.55 8.10 1.98 5.00 0.40 0.32 27 11 -0.27 -0.16 349.36 330.00 10/31/2025 No 12 62 None
ARM Options Chain 5.00 6.45 1.98 5.00 0.40 0.50 3 5 -0.30 -0.10 150.64 140.00 10/31/2025 No 3 22 None
RKLB Rocket Lab USA Inc Options Chain 2.98 3.70 0.39 1.00 0.39 0.77 3 6 -0.30 -0.06 48.43 48.00 10/31/2025 No 3 43 None
MBLY Options Chain 0.61 0.69 0.19 0.50 0.38 0.61 32 30 -0.30 -0.01 13.61 12.50 10/31/2025 No 3 17 None
UNH Unitedhealth Group Inc Options Chain 10.20 11.00 1.87 5.00 0.37 0.40 11 29 -0.30 -0.18 352.51 330.00 10/31/2025 Yes 13 67 None
MSFT Microsoft Corporation Options Chain 7.45 10.40 1.83 5.00 0.37 0.25 123 13 -0.29 -0.21 501.01 490.00 10/31/2025 Yes 13 68 None
SNPS Synopsys Inc Options Chain 9.50 14.60 3.60 10.00 0.36 0.39 1 3 -0.29 -0.25 444.92 400.00 10/31/2025 No 9 63 None
QUBT Quantum Computing Inc Options Chain 1.15 1.30 0.18 0.50 0.36 0.87 3 110 -0.30 -0.02 15.89 15.00 10/31/2025 No 7 34 None
TSLA Tesla Inc Options Chain 18.25 19.05 1.77 5.00 0.35 0.59 102 212 -0.30 -0.33 395.94 365.00 10/31/2025 Yes 8 58 None
MU Micron Technology Inc Options Chain 6.65 7.05 0.35 1.00 0.35 0.56 23 4 -0.30 -0.12 150.57 145.00 10/31/2025 Yes 17 68 None
LULU Lululemon Athletica Inc Options Chain 3.90 5.70 1.74 5.00 0.35 0.41 12 13 -0.29 -0.10 165.78 150.00 10/31/2025 No 14 62 None
UUUU Energy Fuels Inc Options Chain 0.65 0.75 0.17 0.50 0.34 0.81 2 16 -0.27 -0.01 11.93 10.50 10/31/2025 Yes 6 39 None
QBTS D-Wave Quantum Inc Options Chain 0.99 1.19 0.17 0.50 0.34 0.84 28 20 -0.27 -0.02 16.52 15.50 10/31/2025 No 6 29 None
SOUN Options Chain 1.07 1.42 0.17 0.50 0.34 0.94 5 1 -0.30 -0.03 14.12 13.50 10/31/2025 No 3 17 None
JD JD.com Inc Options Chain 0.90 0.99 0.33 1.00 0.33 0.43 13 15 -0.26 -0.02 34.40 31.00 10/31/2025 No 19 34 None
GLW Corning Inc Options Chain 1.84 2.32 0.33 1.00 0.33 0.36 1 1 -0.29 -0.04 75.47 73.00 10/31/2025 Yes 9 57 None