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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | HP Inc | Options Chain | 0.58 | 0.82 | 0.19 | 0.50 | 0.38 | 0.55 | 0 | 2 | -0.30 | -0.02 | 18.39 | 18.50 | 5/29/2026 | Yes | 13 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 1.53 | 2.61 | 0.34 | 1.00 | 0.34 | 0.31 | 1 | 10 | -0.29 | -0.05 | 127.50 | 121.00 | 5/29/2026 | Yes | 8 | 56 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 5.80 | 8.20 | 1.52 | 5.00 | 0.30 | 0.63 | 0 | 1 | -0.27 | -0.16 | 196.55 | 180.00 | 5/29/2026 | No | 12 | 53 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.76 | 1.07 | 0.26 | 1.00 | 0.26 | 0.38 | 2 | 1 | -0.28 | -0.02 | 44.23 | 42.00 | 5/29/2026 | Yes | 9 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.27 | 1.19 | 0.23 | 1.00 | 0.23 | 0.25 | 0 | 7 | -0.26 | -0.03 | 53.91 | 51.00 | 5/29/2026 | No | 13 | 74 | None | |
| F | Ford Motor Company | Options Chain | 0.29 | 0.33 | 0.10 | 0.50 | 0.20 | 0.38 | 23 | 13 | -0.29 | -0.01 | 12.87 | 12.00 | 5/29/2026 | Yes | 7 | 48 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.34 | 0.56 | 0.19 | 1.00 | 0.19 | 0.22 | 15 | 0 | -0.21 | -0.01 | 36.67 | 35.00 | 5/29/2026 | Yes | 10 | 67 | None |