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 | 6.20 | 6.60 | 1.47 | 5.00 | 0.29 | 0.58 | 95 | 63 | -0.28 | -0.14 | 159.30 | 150.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.20 | 1.35 | 0.66 | 2.50 | 0.26 | 0.37 | 0 | 22 | -0.29 | -0.03 | 47.98 | 45.00 | 11/20/2026 | Yes | 13 | 66 | None | |
| APA | APA Corporation | Options Chain | 1.21 | 1.42 | 0.65 | 2.50 | 0.26 | 0.46 | 1 | 0 | -0.26 | -0.02 | 43.85 | 40.00 | 11/20/2026 | Yes | 10 | 61 | None | |
| GIS | General Mills Inc | Options Chain | 0.75 | 0.80 | 0.55 | 2.50 | 0.22 | 0.31 | 59 | 1 | -0.27 | -0.01 | 31.75 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| HPQ | HP Inc | Options Chain | 0.70 | 0.73 | 0.22 | 1.00 | 0.22 | 0.43 | 16 | 37 | -0.25 | -0.02 | 31.52 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| ING | ING Groep N.V. | Options Chain | 0.60 | 0.70 | 0.20 | 1.00 | 0.20 | 0.33 | 1 | 0 | -0.26 | -0.02 | 34.77 | 33.00 | 11/20/2026 | Yes | 7 | 54 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.55 | 0.61 | 0.15 | 1.00 | 0.15 | 0.28 | 2 | 0 | -0.19 | -0.02 | 54.00 | 50.00 | 11/20/2026 | Yes | 8 | 65 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.17 | 0.58 | 0.15 | 1.00 | 0.15 | 0.19 | 5 | 0 | -0.23 | -0.01 | 36.57 | 35.00 | 11/20/2026 | Yes | 9 | 58 | None |