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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 12.25 | 14.55 | 0.97 | 2.50 | 0.39 | 0.86 | 10 | 0 | -0.29 | -0.26 | 221.90 | 185.00 | 7/31/2026 | Yes | 11 | 65 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.50 | 2.05 | 0.35 | 1.00 | 0.35 | 0.58 | 15 | 0 | -0.29 | -0.04 | 48.41 | 43.00 | 7/31/2026 | No | 14 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 5.85 | 6.85 | 1.67 | 5.00 | 0.33 | 0.56 | 16 | 6 | -0.29 | -0.15 | 175.42 | 160.00 | 7/31/2026 | No | 7 | 61 | None | |
| NVO | Novo Nordisk | Options Chain | 0.92 | 1.25 | 0.33 | 1.00 | 0.33 | 0.39 | 3 | 0 | -0.29 | -0.03 | 43.19 | 44.00 | 7/31/2026 | No | 17 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 8.30 | 10.70 | 1.60 | 5.00 | 0.32 | 0.54 | 1 | 112 | -0.29 | -0.22 | 252.22 | 245.00 | 7/31/2026 | Yes | 13 | 72 | None | |
| F | Ford Motor Company | Options Chain | 0.36 | 0.45 | 0.16 | 0.50 | 0.32 | 0.47 | 14 | 3 | -0.29 | -0.01 | 14.11 | 13.00 | 7/31/2026 | Yes | 8 | 46 | None | |
| GLW | Corning Inc | Options Chain | 9.85 | 11.90 | 0.73 | 2.50 | 0.29 | 0.86 | 4 | 4 | -0.30 | -0.24 | 209.83 | 170.00 | 7/31/2026 | No | 8 | 52 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.60 | 0.95 | 0.28 | 1.00 | 0.28 | 0.32 | 0 | 1 | -0.25 | -0.02 | 54.65 | 51.00 | 7/31/2026 | Yes | 15 | 64 | None | |
| IP | International Paper Company | Options Chain | 0.95 | 1.35 | 0.22 | 1.00 | 0.22 | 0.52 | 1 | 0 | -0.30 | -0.04 | 37.56 | 34.00 | 7/31/2026 | Yes | 6 | 60 | None | |
| HPQ | HP Inc | Options Chain | 0.58 | 0.68 | 0.10 | 0.50 | 0.20 | 0.48 | 4 | 2 | -0.28 | -0.02 | 23.54 | 22.00 | 7/31/2026 | No | 12 | 38 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.20 | 0.90 | 0.18 | 1.00 | 0.18 | 0.23 | 0 | 1 | -0.29 | -0.01 | 36.42 | 35.00 | 7/31/2026 | Yes | 9 | 58 | None |