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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEEL | Keel Infrastructure Corp | Options Chain | 0.48 | 0.96 | 0.44 | 0.50 | 0.88 | 1.10 | 4 | 1 | -0.27 | -0.01 | 6.68 | 5.50 | 7/31/2026 | No | 3 | 34 | None | |
| HTZ | Hertz Global Holdings Inc (New) | Options Chain | 0.80 | 1.00 | 0.33 | 0.50 | 0.66 | 0.82 | 5 | 4 | -0.28 | -0.01 | 5.08 | 4.50 | 7/31/2026 | No | 9 | 22 | None | |
| CLF | Cleveland-Cliffs Inc | Options Chain | 0.59 | 0.79 | 0.19 | 0.50 | 0.38 | 0.76 | 6 | 2 | -0.27 | -0.01 | 11.16 | 10.00 | 7/31/2026 | Yes | 6 | 35 | None |