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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC | Truist Financial Corporation | Options Chain | 0.90 | 1.25 | 0.55 | 2.50 | 0.22 | 0.29 | 0 | 5 | -0.27 | -0.02 | 50.58 | 47.50 | 8/21/2026 | Yes | 15 | 76 | None | |
| PPL | PPL Corp | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.22 | 0 | 2 | -0.29 | -0.01 | 36.71 | 35.00 | 8/21/2026 | Yes | 9 | 67 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.80 | 2.00 | 0.87 | 5.00 | 0.17 | 0.41 | 71 | 0 | -0.23 | -0.04 | 94.69 | 85.00 | 8/21/2026 | No | 8 | 62 | None | |
| GIS | General Mills Inc | Options Chain | 0.55 | 0.65 | 0.42 | 2.50 | 0.17 | 0.32 | 29 | 5 | -0.20 | -0.01 | 36.42 | 32.50 | 8/21/2026 | Yes | 8 | 53 | None |