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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.50 | 2.05 | 0.85 | 2.50 | 0.34 | 0.62 | 46 | 26 | -0.28 | -0.03 | 40.25 | 35.00 | 8/21/2026 | Yes | 14 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.00 | 13.85 | 1.58 | 5.00 | 0.32 | 0.49 | 15 | 10 | -0.30 | -0.29 | 365.02 | 350.00 | 8/7/2026 | No | 10 | 62 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 6.40 | 7.00 | 1.45 | 5.00 | 0.29 | 0.58 | 17 | 41 | -0.26 | -0.13 | 163.72 | 150.00 | 8/21/2026 | Yes | 8 | 58 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.65 | 10.25 | 1.25 | 5.00 | 0.25 | 0.42 | 120 | 264 | -0.28 | -0.26 | 372.79 | 345.00 | 8/7/2026 | Yes | 12 | 65 | None | |
| BCS | Barclays plc | Options Chain | 0.70 | 0.85 | 0.25 | 1.00 | 0.25 | 0.39 | 284 | 160 | -0.29 | -0.01 | 26.67 | 25.00 | 8/21/2026 | Yes | 15 | 52 | None | |
| NUE | Nucor Corp | Options Chain | 5.00 | 6.30 | 2.45 | 10.00 | 0.25 | 0.40 | 66 | 27 | -0.25 | -0.12 | 248.89 | 210.00 | 8/21/2026 | Yes | 12 | 60 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.70 | 1.95 | 0.55 | 2.50 | 0.22 | 0.38 | 16 | 2 | -0.24 | -0.04 | 81.07 | 75.00 | 8/21/2026 | Yes | 9 | 57 | None | |
| APD | Air Products & Chemicals Inc | Options Chain | 4.20 | 5.10 | 2.02 | 10.00 | 0.20 | 0.32 | 10 | 5 | -0.23 | -0.09 | 277.79 | 250.00 | 8/21/2026 | Yes | 8 | 64 | None | |
| SHW | Sherwin-Williams Company | Options Chain | 4.90 | 7.30 | 2.02 | 10.00 | 0.20 | 0.29 | 11 | 2 | -0.27 | -0.15 | 344.07 | 320.00 | 8/21/2026 | Yes | 9 | 58 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.40 | 0.95 | 0.20 | 1.00 | 0.20 | 0.42 | 0 | 10 | -0.25 | -0.01 | 25.87 | 24.00 | 8/21/2026 | Yes | 7 | 56 | None | |
| KEY | Keycorp | Options Chain | 0.40 | 0.55 | 0.20 | 1.00 | 0.20 | 0.29 | 3 | 3 | -0.28 | -0.01 | 23.49 | 22.00 | 8/21/2026 | Yes | 15 | 68 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.50 | 0.20 | 1.00 | 0.20 | 0.29 | 1 | 2 | -0.30 | -0.01 | 17.94 | 17.00 | 8/21/2026 | Yes | 11 | 66 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.90 | 1.00 | 0.47 | 2.50 | 0.19 | 0.29 | 229 | 1207 | -0.27 | -0.02 | 50.66 | 47.50 | 8/21/2026 | Yes | 11 | 67 | None | |
| CGNX | Cognex Corp | Options Chain | 2.00 | 3.60 | 0.92 | 5.00 | 0.18 | 0.63 | 4 | 14 | -0.26 | -0.06 | 66.56 | 60.00 | 8/21/2026 | Yes | 14 | 58 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.75 | 2.00 | 0.90 | 5.00 | 0.18 | 0.47 | 406 | 35 | -0.24 | -0.04 | 76.09 | 65.00 | 8/21/2026 | Yes | 11 | 56 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.55 | 0.17 | 1.00 | 0.17 | 0.31 | 2 | 0 | -0.27 | -0.01 | 25.58 | 24.00 | 8/21/2026 | Yes | 19 | 70 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.44 | 3 | 0 | -0.21 | -0.01 | 10.96 | 10.00 | 8/21/2026 | Yes | 19 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.60 | 0.15 | 1.00 | 0.15 | 0.30 | 0 | 9 | -0.22 | -0.01 | 30.06 | 28.00 | 8/21/2026 | Yes | 15 | 62 | None |