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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | Bank Of America Corp | Options Chain | 1.05 | 1.29 | 0.28 | 1.00 | 0.28 | 0.26 | 2 | 3 | -0.28 | -0.03 | 62.68 | 60.00 | 10/23/2026 | Yes | 12 | 74 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.00 | 1.45 | 0.90 | 5.00 | 0.18 | 0.33 | 0 | 4 | -0.28 | -0.03 | 63.45 | 60.00 | 10/16/2026 | No | 14 | 64 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.15 | 1.40 | 0.45 | 2.50 | 0.18 | 0.31 | 9 | 7 | -0.27 | -0.04 | 84.47 | 80.00 | 10/16/2026 | No | 13 | 50 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.10 | 1.30 | 0.40 | 2.50 | 0.16 | 0.33 | 5 | 3 | -0.28 | -0.05 | 92.65 | 85.00 | 10/16/2026 | No | 10 | 57 | None |