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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALL | Allstate Corp (The) | Options Chain | 9.30 | 10.20 | 4.65 | 10.00 | 0.47 | 0.31 | 1502 | 15 | -0.26 | -0.14 | 253.51 | 240.00 | 8/21/2026 | Yes | 19 | 75 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.65 | 1.85 | 0.60 | 2.50 | 0.24 | 0.40 | 2 | 2 | -0.24 | -0.05 | 84.60 | 80.00 | 8/21/2026 | Yes | 11 | 24 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.77 | 0.90 | 0.21 | 1.00 | 0.21 | 0.24 | 7 | 1 | -0.26 | -0.02 | 60.62 | 59.00 | 8/28/2026 | Yes | 10 | 65 | None |