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.
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corp | Options Chain | 11.60 | 14.10 | 3.10 | 5.00 | 0.62 | 0.46 | 114 | 6 | -0.26 | -0.14 | 234.04 | 230.00 | 5/29/2026 | Yes | 13 | 74 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 1.00 | 0.21 | 1.00 | 0.21 | 0.27 | 0 | 1 | -0.28 | -0.02 | 53.10 | 51.00 | 5/29/2026 | No | 10 | 65 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.25 | 0.10 | 0.50 | 0.20 | 0.40 | 2 | 10 | -0.21 | 0.00 | 12.64 | 11.50 | 5/29/2026 | Yes | 7 | 48 | None |