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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | Nike Inc - Class B | Options Chain | 1.57 | 2.16 | 0.47 | 1.00 | 0.47 | 0.34 | 0 | 19 | -0.30 | -0.04 | 76.87 | 73.00 | 9/26/2025 | No | 10 | 53 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.27 | 1.61 | 0.31 | 1.00 | 0.31 | 0.29 | 0 | 1 | -0.29 | -0.03 | 84.93 | 81.00 | 9/26/2025 | No | 14 | 73 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.52 | 0.70 | 0.23 | 1.00 | 0.23 | 0.31 | 1 | 0 | -0.23 | -0.02 | 43.93 | 41.00 | 9/26/2025 | No | 8 | 62 | None | |
| SLB | SLB | Options Chain | 0.51 | 0.56 | 0.19 | 1.00 | 0.19 | 0.33 | 0 | 1 | -0.24 | -0.01 | 33.41 | 31.00 | 9/26/2025 | No | 11 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 0.58 | 0.72 | 0.19 | 1.00 | 0.19 | 0.20 | 1 | 0 | -0.27 | -0.01 | 66.69 | 64.00 | 9/26/2025 | No | 11 | 66 | None |