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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | Salesforce Inc | Options Chain | 5.95 | 9.90 | 1.58 | 5.00 | 0.32 | 0.39 | 40 | 0 | -0.29 | -0.13 | 258.44 | 250.00 | 10/23/2026 | No | 15 | 70 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.58 | 0.80 | 0.23 | 1.00 | 0.23 | 0.22 | 2 | 2 | -0.29 | -0.01 | 50.22 | 48.00 | 10/16/2026 | No | 10 | 74 | None | |
| APA | APA Corporation | Options Chain | 0.71 | 1.12 | 0.52 | 2.50 | 0.21 | 0.44 | 1 | 0 | -0.21 | -0.03 | 44.70 | 40.00 | 10/16/2026 | No | 10 | 61 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.90 | 1.45 | 0.78 | 5.00 | 0.16 | 0.33 | 1 | 1 | -0.22 | -0.03 | 64.63 | 60.00 | 10/16/2026 | No | 14 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.50 | 0.75 | 0.15 | 1.00 | 0.15 | 0.28 | 26 | 0 | -0.29 | -0.02 | 42.66 | 41.00 | 10/16/2026 | Yes | 15 | 77 | None |