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.

Download as spreadsheet Download

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
BHP BHP Group Ltd Options Chain 2.90 3.20 0.85 2.50 0.34 0.34 1 2 -0.29 -0.03 97.07 90.00 10/16/2026 No 10 25 None
DVN Devon Energy Corp Options Chain 0.75 0.81 0.48 2.50 0.19 0.34 2 0 -0.22 -0.02 46.85 42.50 10/16/2026 No 13 66 None
EQT EQT Corp Options Chain 0.66 0.88 0.45 2.50 0.18 0.32 6 0 -0.19 -0.02 54.00 50.00 10/16/2026 No 15 69 None
BAC Bank Of America Corp Options Chain 0.75 0.81 0.39 2.50 0.16 0.26 22 16 -0.20 -0.02 62.23 57.50 10/16/2026 Yes 12 74 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.15 0.30 0.15 1.00 0.15 0.41 2 0 -0.23 0.00 10.05 9.00 10/16/2026 Yes 19 61 None