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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | Salesforce Inc | Options Chain | 4.35 | 7.90 | 1.90 | 5.00 | 0.38 | 0.45 | 0 | 1 | -0.28 | -0.12 | 200.84 | 175.00 | 7/24/2026 | No | 11 | 63 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.65 | 25.90 | 1.90 | 5.00 | 0.38 | 0.72 | 0 | 1 | -0.30 | -0.40 | 421.08 | 385.00 | 7/24/2026 | No | 11 | 52 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.47 | 2.68 | 0.37 | 1.00 | 0.37 | 0.67 | 8 | 6 | -0.30 | -0.05 | 52.93 | 49.00 | 7/17/2026 | No | 7 | 54 | None | |
| ORCL | Oracle Corp | Options Chain | 9.15 | 12.75 | 1.70 | 5.00 | 0.34 | 0.67 | 4 | 1 | -0.28 | -0.20 | 230.33 | 210.00 | 7/24/2026 | Yes | 9 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 9.40 | 13.25 | 1.53 | 5.00 | 0.31 | 0.54 | 1 | 10 | -0.28 | -0.22 | 305.63 | 275.00 | 7/24/2026 | Yes | 10 | 63 | None | |
| APA | APA Corporation | Options Chain | 0.96 | 1.70 | 0.30 | 1.00 | 0.30 | 0.50 | 0 | 5 | -0.28 | -0.03 | 38.33 | 35.00 | 7/24/2026 | No | 10 | 53 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.60 | 1.00 | 0.30 | 1.00 | 0.30 | 0.46 | 0 | 1 | -0.28 | -0.02 | 26.94 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| QCOM | Qualcomm Inc | Options Chain | 12.55 | 15.00 | 1.48 | 5.00 | 0.30 | 0.78 | 10 | 2 | -0.28 | -0.24 | 245.76 | 215.00 | 7/24/2026 | No | 11 | 61 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.65 | 6.50 | 1.45 | 5.00 | 0.29 | 0.38 | 0 | 1 | -0.26 | -0.11 | 181.45 | 165.00 | 7/24/2026 | Yes | 7 | 67 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.80 | 5.30 | 1.45 | 5.00 | 0.29 | 0.51 | 28 | 19 | -0.29 | -0.11 | 147.62 | 135.00 | 7/17/2026 | No | 8 | 58 | None | |
| HD | Home Depot Inc | Options Chain | 5.85 | 8.55 | 1.37 | 5.00 | 0.27 | 0.31 | 0 | 2 | -0.30 | -0.16 | 312.97 | 295.00 | 7/24/2026 | No | 8 | 67 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.00 | 2.35 | 0.68 | 2.50 | 0.27 | 0.40 | 14 | 9 | -0.27 | -0.05 | 90.85 | 82.50 | 7/17/2026 | No | 9 | 58 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.65 | 0.27 | 1.00 | 0.27 | 0.27 | 2 | 0 | -0.22 | -0.01 | 35.02 | 33.00 | 7/17/2026 | No | 8 | 60 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.05 | 1.20 | 0.25 | 1.00 | 0.25 | 0.40 | 33 | 3 | -0.28 | -0.03 | 40.93 | 40.00 | 7/17/2026 | Yes | 11 | 68 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.10 | 2.30 | 1.22 | 5.00 | 0.24 | 0.40 | 220 | 295 | -0.27 | -0.05 | 76.33 | 75.00 | 7/17/2026 | No | 14 | 65 | None | |
| V | Visa Inc - Class A | Options Chain | 2.89 | 6.80 | 1.21 | 5.00 | 0.24 | 0.25 | 2 | 3 | -0.25 | -0.12 | 312.40 | 305.00 | 7/24/2026 | No | 11 | 70 | None | |
| DHR | Danaher Corp | Options Chain | 3.00 | 6.80 | 1.20 | 5.00 | 0.24 | 0.37 | 0 | 1 | -0.28 | -0.10 | 181.94 | 175.00 | 7/24/2026 | Yes | 11 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.11 | 1.60 | 0.24 | 1.00 | 0.24 | 0.38 | 10 | 0 | -0.30 | -0.02 | 46.44 | 43.00 | 7/24/2026 | No | 9 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.25 | 7.00 | 1.13 | 5.00 | 0.23 | 0.29 | 17 | 27 | -0.29 | -0.12 | 300.85 | 295.00 | 7/24/2026 | Yes | 13 | 79 | None | |
| EXC | Exelon Corp | Options Chain | 0.40 | 1.00 | 0.20 | 1.00 | 0.20 | 0.19 | 0 | 13 | -0.26 | -0.02 | 45.08 | 43.00 | 7/17/2026 | No | 8 | 57 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.33 | 0 | 5 | -0.30 | -0.02 | 27.40 | 27.00 | 7/17/2026 | Yes | 18 | 70 | None | |
| EQNR | Equinor ASA | Options Chain | 0.60 | 1.00 | 0.17 | 1.00 | 0.17 | 0.41 | 22 | 0 | -0.26 | -0.02 | 37.95 | 35.00 | 7/17/2026 | No | 9 | 50 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.20 | 1.35 | 0.83 | 5.00 | 0.17 | 0.40 | 4 | 4 | -0.24 | -0.03 | 64.27 | 60.00 | 7/17/2026 | No | 16 | 62 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.55 | 0.15 | 1.00 | 0.15 | 0.39 | 36 | 5 | -0.26 | -0.02 | 24.69 | 23.00 | 7/17/2026 | No | 15 | 56 | None |