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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.44 | 0.56 | 0.21 | 1.00 | 0.21 | 0.26 | 3 | 5 | -0.28 | -0.01 | 31.19 | 30.00 | 12/24/2026 | No | 10 | 59 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.60 | 0.90 | 0.19 | 1.00 | 0.19 | 0.37 | 1 | 0 | -0.26 | -0.02 | 43.41 | 40.00 | 12/24/2026 | No | 11 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 1.20 | 1.60 | 0.18 | 1.00 | 0.18 | 0.21 | 1 | 0 | -0.30 | -0.02 | 96.85 | 93.00 | 12/24/2026 | No | 9 | 61 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 2.50 | 3.30 | 0.17 | 1.00 | 0.17 | 0.52 | 0 | 5 | -0.29 | -0.06 | 86.98 | 79.00 | 12/24/2026 | Yes | 12 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.24 | 0.08 | 0.50 | 0.16 | 0.34 | 3 | 1 | -0.27 | -0.01 | 12.28 | 11.50 | 12/24/2026 | No | 8 | 51 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.29 | 40 | 0 | -0.22 | -0.01 | 21.34 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 1 | -0.25 | 0.00 | 15.80 | 15.00 | 12/18/2026 | No | 10 | 57 | None |