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.

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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 Lists
NVDA NVIDIA Corp Options Chain 37.85 43.25 3.05 5.00 0.61 0.56 6 13 -0.30 -0.72 881.86 815.00 5/31 Yes 14 None
MSFT Microsoft Corporation Options Chain 7.20 8.55 2.08 5.00 0.42 0.29 32 43 -0.27 -0.17 421.90 400.00 5/31 Yes 14 None
RIOT Riot Platforms Inc Options Chain 0.68 0.73 0.19 0.50 0.38 0.95 5 4 -0.29 -0.01 9.10 8.00 5/31 Yes 11 None
MPW Medical Properties Trust Inc Options Chain 0.30 0.34 0.19 0.50 0.38 0.95 48 16 -0.30 0.00 3.99 3.50 5/31 Yes 6 None
AMD Advanced Micro Devices Inc Options Chain 5.70 6.00 1.85 5.00 0.37 0.51 43 14 -0.28 -0.12 163.28 150.00 5/31 Yes 10 None
AMAT Applied Materials Inc Options Chain 6.25 8.50 1.85 5.00 0.37 0.41 33 28 -0.30 -0.13 207.86 195.00 5/31 Yes 14 None
RIVN Rivian Automotive Inc - Class A Options Chain 0.67 0.71 0.18 0.50 0.36 0.96 27 15 -0.29 -0.01 9.13 8.00 5/31 Yes 9 None
AG First Majestic Silver Corporation Options Chain 0.39 0.44 0.18 0.50 0.36 0.69 6 11 -0.29 -0.01 7.52 7.00 5/31 Yes 9 None
PLTR Palantir Technologies Inc - Class A Options Chain 1.12 1.16 0.17 0.50 0.34 0.67 14 9 -0.29 -0.02 22.67 20.50 5/31 Yes 12 None