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.

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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
CRM Salesforce Inc Options Chain 6.65 7.15 1.62 5.00 0.32 0.46 130 165 -0.29 -0.13 208.00 185.00 7/17/2026 No 15 70 None
DG Dollar General Corp Options Chain 3.20 3.60 1.38 5.00 0.28 0.43 63 20 -0.29 -0.07 110.61 100.00 7/17/2026 No 16 62 None
DOW Dow Inc Options Chain 1.22 1.30 0.69 2.50 0.28 0.48 13 51 -0.30 -0.02 34.58 32.50 7/17/2026 No 6 49 None
APA APA Corporation Options Chain 1.17 1.23 0.62 2.50 0.25 0.50 3 0 -0.29 -0.03 37.75 35.00 7/17/2026 No 10 53 None
DVN Devon Energy Corp Options Chain 1.06 1.13 0.60 2.50 0.24 0.42 1 0 -0.26 -0.02 46.39 42.50 7/17/2026 No 7 51 None
F Ford Motor Company Options Chain 0.46 0.48 0.23 1.00 0.23 0.45 408 324 -0.30 -0.01 16.63 15.00 7/17/2026 No 8 47 None
CSCO Cisco Systems Inc Options Chain 2.62 2.94 1.09 5.00 0.22 0.41 142 243 -0.24 -0.06 122.00 115.00 7/17/2026 No 10 62 None
BHP BHP Group Ltd Options Chain 1.85 2.10 0.53 2.50 0.21 0.38 9 0 -0.27 -0.05 91.22 85.00 7/17/2026 No 11 25 None
FHN First Horizon Corporation Options Chain 0.35 0.55 0.20 1.00 0.20 0.33 1 0 -0.22 -0.01 23.62 22.00 7/17/2026 No 18 68 None
BAC Bank Of America Corp Options Chain 0.70 0.74 0.19 1.00 0.19 0.31 139 224 -0.25 -0.02 51.51 48.00 7/17/2026 No 14 74 None
BCS Barclays plc Options Chain 0.45 0.55 0.15 1.00 0.15 0.39 90 0 -0.29 -0.01 24.50 23.00 7/17/2026 No 18 65 None