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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Inc | Options Chain | 12.15 | 15.50 | 1.53 | 5.00 | 0.31 | 0.50 | 0 | 4 | -0.29 | -0.26 | 412.97 | 365.00 | 1/30/2026 | Yes | 8 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 6.60 | 7.20 | 1.45 | 5.00 | 0.29 | 0.46 | 42 | 49 | -0.30 | -0.13 | 223.01 | 180.00 | 1/30/2026 | Yes | 6 | 62 | None | |
| JBHT | J.B. Hunt Transport Services Inc | Options Chain | 3.50 | 5.10 | 1.32 | 5.00 | 0.26 | 0.39 | 1 | 3 | -0.27 | -0.13 | 198.13 | 190.00 | 1/16/2026 | Yes | 10 | 49 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 0.85 | 0.22 | 1.00 | 0.22 | 0.32 | 49 | 0 | -0.26 | -0.02 | 44.92 | 43.00 | 1/16/2026 | No | 10 | 71 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.45 | 0.17 | 1.00 | 0.17 | 0.29 | 0 | 3 | -0.28 | -0.01 | 23.82 | 23.00 | 1/16/2026 | No | 14 | 47 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.30 | 0.15 | 1.00 | 0.15 | 0.26 | 243 | 134 | -0.26 | 0.00 | 17.55 | 17.00 | 1/16/2026 | Yes | 9 | 57 | None | |
| EXC | Exelon Corp | Options Chain | 0.40 | 0.50 | 0.15 | 1.00 | 0.15 | 0.21 | 1 | 0 | -0.27 | -0.02 | 43.30 | 42.00 | 1/16/2026 | No | 11 | 69 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.33 | 12 | 0 | -0.28 | -0.01 | 15.05 | 14.00 | 1/16/2026 | No | 11 | 67 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.60 | 0.15 | 1.00 | 0.15 | 0.33 | 0 | 7 | -0.29 | -0.02 | 26.93 | 26.00 | 1/16/2026 | No | 11 | 54 | None |