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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 7.45 | 7.80 | 1.70 | 5.00 | 0.34 | 0.61 | 2 | 11 | -0.29 | -0.12 | 156.74 | 145.00 | 11/20/2026 | Yes | 10 | 54 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.90 | 0.33 | 1.00 | 0.33 | 0.20 | 0 | 10 | -0.28 | -0.01 | 36.70 | 35.00 | 11/20/2026 | Yes | 12 | 67 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.59 | 0.66 | 0.29 | 1.00 | 0.29 | 0.34 | 3 | 0 | -0.26 | -0.01 | 21.79 | 20.00 | 11/20/2026 | Yes | 11 | 62 | None | |
| HPQ | HP Inc | Options Chain | 0.87 | 0.97 | 0.28 | 1.00 | 0.28 | 0.49 | 0 | 51 | -0.25 | -0.02 | 31.32 | 28.00 | 11/20/2026 | No | 10 | 46 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.52 | 1.79 | 0.70 | 2.50 | 0.28 | 0.32 | 2 | 24 | -0.30 | -0.02 | 63.90 | 60.00 | 11/20/2026 | Yes | 16 | 70 | None | |
| ING | ING Groep N.V. | Options Chain | 0.70 | 0.80 | 0.22 | 1.00 | 0.22 | 0.31 | 2 | 5 | -0.27 | -0.02 | 36.38 | 34.00 | 11/20/2026 | Yes | 7 | 54 | None | |
| APA | APA Corporation | Options Chain | 1.06 | 1.24 | 0.51 | 2.50 | 0.20 | 0.48 | 4 | 0 | -0.23 | -0.02 | 42.75 | 37.50 | 11/20/2026 | Yes | 14 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.99 | 1.06 | 0.51 | 2.50 | 0.20 | 0.28 | 1 | 7 | -0.26 | -0.02 | 56.74 | 52.50 | 11/20/2026 | Yes | 14 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.87 | 1.08 | 0.49 | 2.50 | 0.20 | 0.38 | 21 | 0 | -0.22 | -0.02 | 46.68 | 42.50 | 11/20/2026 | Yes | 13 | 66 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.55 | 0.62 | 0.47 | 2.50 | 0.19 | 0.28 | 4 | 0 | -0.30 | -0.01 | 23.68 | 22.50 | 11/20/2026 | Yes | 7 | 57 | None | |
| KO | Coca-Cola Company | Options Chain | 0.95 | 1.04 | 0.45 | 2.50 | 0.18 | 0.22 | 26 | 117 | -0.23 | -0.03 | 87.18 | 82.50 | 11/20/2026 | Yes | 11 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.57 | 0.73 | 0.44 | 2.50 | 0.18 | 0.43 | 0 | 4 | -0.19 | -0.01 | 27.89 | 25.00 | 11/20/2026 | Yes | 8 | 54 | None | |
| EXC | Exelon Corp | Options Chain | 0.30 | 0.70 | 0.17 | 1.00 | 0.17 | 0.24 | 10 | 0 | -0.24 | -0.01 | 40.32 | 38.00 | 11/20/2026 | Yes | 8 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.24 | 0.15 | 1.00 | 0.15 | 0.38 | 4 | 2 | -0.20 | 0.00 | 12.38 | 11.00 | 11/20/2026 | Yes | 9 | 51 | None |