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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BCS | Barclays plc | Options Chain | 0.90 | 1.00 | 0.30 | 1.00 | 0.30 | 0.45 | 0 | 22 | -0.22 | -0.01 | 24.27 | 23.00 | 11/20/2026 | Yes | 15 | 57 | None | |
| C | Citigroup Inc | Options Chain | 3.65 | 3.85 | 1.49 | 5.00 | 0.30 | 0.32 | 46 | 23 | -0.24 | -0.05 | 130.08 | 120.00 | 11/20/2026 | Yes | 14 | 69 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.15 | 2.35 | 0.70 | 2.50 | 0.28 | 0.35 | 1 | 0 | -0.28 | -0.04 | 85.49 | 80.00 | 11/20/2026 | Yes | 12 | 25 | None | |
| DOW | Dow Inc | Options Chain | 0.81 | 0.87 | 0.59 | 2.50 | 0.24 | 0.41 | 283 | 0 | -0.28 | -0.02 | 27.53 | 25.00 | 11/20/2026 | Yes | 8 | 54 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.18 | 1.50 | 0.58 | 2.50 | 0.23 | 0.36 | 2 | 2 | -0.25 | -0.02 | 62.88 | 57.50 | 11/20/2026 | Yes | 16 | 70 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 1.20 | 0.23 | 1.00 | 0.23 | 0.33 | 0 | 20 | -0.28 | -0.01 | 38.00 | 35.00 | 11/20/2026 | Yes | 11 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.86 | 0.90 | 0.20 | 1.00 | 0.20 | 0.29 | 84 | 203 | -0.19 | -0.02 | 54.57 | 50.00 | 11/20/2026 | Yes | 10 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.84 | 0.89 | 0.42 | 2.50 | 0.17 | 0.39 | 12 | 0 | -0.23 | -0.02 | 46.60 | 42.50 | 11/20/2026 | Yes | 13 | 66 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.95 | 1.35 | 0.77 | 5.00 | 0.15 | 0.37 | 1 | 0 | -0.23 | -0.02 | 55.04 | 50.00 | 11/20/2026 | Yes | 14 | 68 | None |