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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 7.00 | 8.60 | 0.60 | 1.00 | 0.60 | 0.69 | 100 | 88 | -0.30 | -0.15 | 161.63 | 140.00 | 10/23/2026 | Yes | 9 | 67 | None | |
| OPEN | Opendoor Technologies Inc | Options Chain | 0.15 | 0.68 | 0.29 | 0.50 | 0.58 | 1.43 | 21 | 6 | -0.30 | -0.01 | 2.81 | 3.00 | 10/30/2026 | No | 6 | 31 | None | |
| PFE | Pfizer Inc | Options Chain | 0.35 | 0.73 | 0.28 | 0.50 | 0.56 | 0.26 | 5 | 22 | -0.28 | -0.01 | 27.66 | 26.50 | 10/30/2026 | No | 7 | 54 | None | |
| VRT | Vertiv Holdings Co - Class A | Options Chain | 11.30 | 14.10 | 1.97 | 5.00 | 0.39 | 0.66 | 4 | 210 | -0.29 | -0.23 | 248.43 | 225.00 | 10/30/2026 | Yes | 10 | 57 | None | |
| RIVN | Rivian Automotive Inc - Class A | Options Chain | 0.33 | 0.98 | 0.17 | 0.50 | 0.34 | 0.58 | 241 | 688 | -0.29 | -0.01 | 16.22 | 14.50 | 10/30/2026 | No | 6 | 37 | None | |
| TE | T1 Energy Inc | Options Chain | 0.30 | 0.50 | 0.17 | 0.50 | 0.34 | 1.06 | 56 | 15 | -0.29 | -0.01 | 4.91 | 4.00 | 10/30/2026 | No | 3 | 15 | None |