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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corp | Options Chain | 4.10 | 7.60 | 1.85 | 5.00 | 0.37 | 0.43 | 3 | 0 | -0.26 | -0.16 | 233.06 | 210.00 | 11/6/2026 | Yes | 12 | 73 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.19 | 4.00 | 1.69 | 5.00 | 0.34 | 0.23 | 3 | 0 | -0.25 | -0.09 | 238.32 | 230.00 | 11/6/2026 | Yes | 9 | 52 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.42 | 0.14 | 0.50 | 0.28 | 0.45 | 14 | 20 | -0.25 | -0.01 | 12.96 | 12.00 | 11/6/2026 | Yes | 9 | 51 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.62 | 0.81 | 0.20 | 1.00 | 0.20 | 0.28 | 1 | 0 | -0.24 | -0.03 | 56.14 | 53.00 | 10/30/2026 | Yes | 8 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 2.40 | 2.55 | 0.89 | 5.00 | 0.18 | 0.54 | 536 | 386 | -0.24 | -0.10 | 148.56 | 120.00 | 10/30/2026 | No | 11 | 69 | None |