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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | HP Inc | Options Chain | 0.91 | 1.05 | 0.30 | 1.00 | 0.30 | 0.46 | 1 | 319 | -0.29 | -0.02 | 32.47 | 30.00 | 11/20/2026 | No | 10 | 46 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.60 | 0.22 | 1.00 | 0.22 | 0.42 | 2 | 0 | -0.26 | -0.01 | 22.21 | 21.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.60 | 0.87 | 0.22 | 1.00 | 0.22 | 0.37 | 2 | 0 | -0.27 | -0.02 | 34.30 | 32.00 | 11/27/2026 | No | 13 | 60 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.80 | 0.53 | 2.50 | 0.21 | 0.32 | 8 | 4 | -0.25 | -0.01 | 31.85 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.97 | 1.12 | 0.48 | 2.50 | 0.19 | 0.35 | 5 | 0 | -0.23 | -0.03 | 59.70 | 55.00 | 11/20/2026 | Yes | 16 | 63 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.84 | 0.99 | 0.48 | 2.50 | 0.19 | 0.37 | 1 | 0 | -0.28 | -0.03 | 47.77 | 45.00 | 11/20/2026 | Yes | 10 | 57 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 0.90 | 0.40 | 2.50 | 0.16 | 0.22 | 10 | 3 | -0.27 | -0.03 | 85.86 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.26 | 0.16 | 1.00 | 0.16 | 0.40 | 17 | 2 | -0.23 | -0.01 | 12.12 | 11.00 | 11/20/2026 | Yes | 9 | 51 | None |