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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KHC | Kraft Heinz Company | Options Chain | 0.30 | 0.58 | 0.17 | 0.50 | 0.34 | 0.29 | 12 | 0 | -0.24 | -0.01 | 25.62 | 24.00 | 10/2/2026 | No | 7 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.61 | 1.20 | 0.27 | 1.00 | 0.27 | 0.32 | 0 | 42 | -0.27 | -0.02 | 49.14 | 46.00 | 10/2/2026 | No | 13 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 0.98 | 0.20 | 1.00 | 0.20 | 0.19 | 1 | 0 | -0.27 | -0.02 | 90.67 | 87.00 | 10/2/2026 | No | 9 | 61 | None |