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 ensures that the short strike always has a delta value greater than or equal to -0.30.

Download as spreadsheet Download

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 Lists
GERN Geron Corp Options Chain 0.60 0.75 0.35 0.50 0.70 2.61 293 32 -0.27 -0.01 2.22 2.00 1/20 No 6 None
TGTX TG Therapeutics Inc Options Chain 1.80 2.65 0.55 1.00 0.55 2.53 25 3 -0.27 -0.02 8.11 7.00 1/20 No 9 None
DWAC Digital World Acquisition Corp - Class A Options Chain 2.85 3.00 1.36 2.50 0.54 1.18 10 26 -0.28 -0.01 24.35 20.00 1/20 No 7 None
GH Guardant Health Inc Options Chain 6.90 8.00 2.30 5.00 0.46 1.44 39 705 -0.30 -0.09 51.52 45.00 1/20 No 4 None
ALT Altimmune Inc Options Chain 0.85 1.20 0.43 1.00 0.43 1.14 24 176 -0.30 -0.01 9.09 8.00 1/20 No 9 None
MMAT Meta Materials Inc Options Chain 0.29 0.34 0.20 0.50 0.40 1.80 4 146 -0.29 0.00 1.92 1.50 1/20 No 6 None
PXD Pioneer Natural Resources Company Options Chain 8.00 9.50 1.90 5.00 0.38 0.42 5 14 -0.28 -0.08 254.14 225.00 1/20 No 17 None
GME Gamestop Corporation - Class A Options Chain 2.33 2.53 0.47 1.25 0.38 1.16 29 420 -0.28 -0.03 26.17 21.25 1/20 Yes 13 None
AXSM Axsome Therapeutics Inc Options Chain 3.10 4.70 0.90 2.50 0.36 0.75 15 86 -0.26 -0.06 74.74 65.00 1/20 No 3 None
CANO Cano Health Inc - Class A Options Chain 0.15 0.30 0.18 0.50 0.36 1.38 5 3 -0.29 0.00 1.69 1.50 1/20 No 7 None
MANU Manchester United Plc. - Class A Options Chain 1.20 1.25 0.35 1.00 0.35 0.72 266 376 -0.29 -0.02 21.21 19.00 1/20 Yes 5 None
BILI Bilibili Inc Options Chain 1.15 1.20 0.35 1.00 0.35 1.06 499 123 -0.30 -0.02 12.59 11.00 1/20 Yes 6 None
AMC AMC Entertainment Holdings Inc - Class A Options Chain 0.73 0.78 0.34 1.00 0.34 1.23 357 619 -0.28 -0.01 7.51 6.00 1/20 No 10 None
SHOP Shopify Inc - Class A Options Chain 2.19 2.27 0.17 0.50 0.34 0.73 155 139 -0.29 -0.04 36.79 34.00 1/20 No 12 None
DXCM Dexcom Inc Options Chain 3.60 4.10 0.85 2.50 0.34 0.49 19 8 -0.27 -0.08 112.57 102.50 1/20 No 9 None
AEHR Aehr Test Systems Options Chain 2.10 2.35 0.85 2.50 0.34 1.01 19 23 -0.29 -0.03 26.79 22.50 1/20 Yes 14 None
MRNA Moderna Inc Options Chain 9.05 9.75 1.68 5.00 0.34 0.64 32 277 -0.30 -0.15 176.40 160.00 1/20 No 17 None