Credit Spread Scanner for Put & Call Spreads
Credit spread scanner for reviewing put and call spread candidates. Compare delta, expiration, premium, width, and liquidity with defined risk in view.
Frequently asked questions
Put credit spread vs call credit spread?
A put credit spread generally expresses a bullish-to-neutral thesis, while a call credit spread generally expresses a bearish-to-neutral thesis. Either can lose when price moves through the structure.
How should I use delta when scanning credit spreads?
Use delta to compare strike distance and sensitivity within the same chain. It is an estimate that changes with price, time, and volatility, not a guarantee of an outcome.
What should I compare before opening a credit spread?
Review the credit, width, maximum loss, breakeven, bid-ask spread, volume, open interest, event calendar, and your plan if price moves against the spread.
Can a defined-risk credit spread still lose money?
Yes. Defined risk limits the planned maximum loss based on the spread structure, but it does not make the trade safe or remove execution, assignment, gap, and liquidity risks.