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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.10 | 23.95 | 3.33 | 10.00 | 0.33 | 0.86 | 7 | 9 | -0.29 | -0.49 | 417.28 | 370.00 | 8/21/2026 | No | 13 | 57 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.45 | 2.60 | 0.78 | 2.50 | 0.31 | 0.38 | 8 | 0 | -0.28 | -0.04 | 80.23 | 75.00 | 8/21/2026 | Yes | 9 | 57 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.29 | 0.89 | 0.31 | 1.00 | 0.31 | 0.20 | 3 | 6 | -0.26 | -0.01 | 37.64 | 36.00 | 8/21/2026 | Yes | 12 | 68 | None | |
| HPQ | HP Inc | Options Chain | 0.80 | 0.85 | 0.31 | 1.00 | 0.31 | 0.47 | 1 | 3 | -0.30 | -0.02 | 22.99 | 22.00 | 8/21/2026 | No | 12 | 38 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.56 | 0.73 | 0.28 | 1.00 | 0.28 | 0.39 | 111 | 88 | -0.29 | -0.01 | 23.41 | 22.00 | 8/21/2026 | Yes | 12 | 58 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.24 | 1.56 | 0.65 | 2.50 | 0.26 | 0.32 | 5 | 2 | -0.29 | -0.03 | 58.06 | 55.00 | 8/21/2026 | Yes | 11 | 53 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.21 | 1.29 | 0.63 | 2.50 | 0.25 | 0.26 | 0 | 106 | -0.29 | -0.03 | 59.86 | 57.50 | 8/21/2026 | Yes | 12 | 73 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.75 | 2.00 | 0.60 | 2.50 | 0.24 | 0.48 | 0 | 4 | -0.30 | -0.04 | 54.80 | 52.50 | 8/21/2026 | Yes | 7 | 57 | None | |
| MO | Altria Group Inc | Options Chain | 1.04 | 1.15 | 0.51 | 2.50 | 0.20 | 0.27 | 1 | 14 | -0.27 | -0.03 | 72.83 | 70.00 | 8/21/2026 | Yes | 12 | 67 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.65 | 0.20 | 1.00 | 0.20 | 0.29 | 0 | 113 | -0.29 | -0.01 | 23.37 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None | |
| EQT | EQT Corp | Options Chain | 0.75 | 0.81 | 0.46 | 2.50 | 0.18 | 0.30 | 31 | 0 | -0.18 | -0.02 | 51.76 | 47.50 | 8/21/2026 | Yes | 16 | 72 | None | |
| KO | Coca-Cola Company | Options Chain | 0.92 | 0.97 | 0.39 | 2.50 | 0.16 | 0.23 | 22 | 1 | -0.24 | -0.03 | 84.07 | 80.00 | 8/21/2026 | Yes | 9 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.28 | 0.15 | 1.00 | 0.15 | 0.44 | 9 | 2 | -0.21 | -0.01 | 13.57 | 12.00 | 8/21/2026 | Yes | 9 | 48 | None |