Dividend 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, and must have a minumum Premium to Width Ratio of 0.15.

The criteria for the underlying stocks on this list are that they must have a market cap of $10 billion or greater, have a dividend yield between .05% and 10%, a dividend payout ratio percentage of 90% or less, a liquidity rating of 3 stars or greater, and have made at least 10 dividend payments over the last 5 years.

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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 Safety Score Lists
AA Alcoa Corp Options Chain 1.03 1.43 0.39 1.00 0.39 0.49 1 0 -0.26 -0.03 41.67 38.00 11/27/2026 Yes 17 46 None
ALLY Ally Financial Inc Options Chain 0.80 1.00 0.30 1.00 0.30 0.34 0 1 -0.30 -0.02 37.91 36.00 11/20/2026 Yes 11 71 None
BMY Bristol-Myers Squibb Company Options Chain 1.14 1.52 0.28 1.00 0.28 0.34 0 1 -0.29 -0.03 57.58 54.00 11/27/2026 Yes 11 54 None
APH Amphenol Corp - Class A Options Chain 2.05 2.20 0.65 2.50 0.26 0.46 166 16 -0.25 -0.06 86.19 77.50 11/20/2026 Yes 9 57 None
BAC Bank Of America Corp Options Chain 0.88 1.12 0.26 1.00 0.26 0.27 3 0 -0.29 -0.02 54.58 52.00 11/27/2026 Yes 13 74 None
WMT Walmart Inc Options Chain 1.71 2.06 0.24 1.00 0.24 0.27 1 2 -0.29 -0.05 111.35 108.00 11/27/2026 Yes 9 57 None
XOM Exxon Mobil Corp Options Chain 1.81 2.80 0.95 5.00 0.19 0.28 1 6 -0.22 -0.06 168.94 160.00 11/27/2026 Yes 11 64 None