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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FLY | Firefly Aerospace Inc | Options Chain | 1.55 | 2.05 | 0.42 | 1.00 | 0.42 | 0.94 | 2 | 2 | -0.30 | -0.03 | 22.62 | 21.00 | 11/20/2026 | No | 3 | 19 | None | |
| FCEL | Fuelcell Energy Inc | Options Chain | 1.20 | 1.60 | 0.40 | 1.00 | 0.40 | 0.93 | 14 | 6 | -0.30 | -0.02 | 18.07 | 17.00 | 11/20/2026 | No | 10 | 36 | None |