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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.04 | 2.57 | 0.42 | 1.00 | 0.42 | 0.50 | 8 | 1 | -0.30 | -0.05 | 76.52 | 65.00 | 10/23/2026 | Yes | 9 | 59 | None | |
| FRO | Frontline Plc | Options Chain | 1.60 | 1.95 | 0.38 | 1.00 | 0.38 | 0.43 | 0 | 18 | -0.25 | -0.01 | 47.21 | 44.00 | 10/16/2026 | No | 11 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 7.35 | 7.95 | 0.37 | 1.00 | 0.37 | 0.65 | 5 | 5 | -0.30 | -0.15 | 161.63 | 145.00 | 10/23/2026 | Yes | 11 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.00 | 1.55 | 0.28 | 1.00 | 0.28 | 0.44 | 0 | 2 | -0.25 | -0.02 | 49.74 | 46.00 | 10/30/2026 | Yes | 10 | 73 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.75 | 1.95 | 0.70 | 2.50 | 0.28 | 0.36 | 25 | 32 | -0.29 | -0.05 | 92.25 | 82.50 | 10/16/2026 | No | 8 | 57 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.95 | 2.15 | 0.70 | 2.50 | 0.28 | 0.43 | 68 | 2247 | -0.30 | -0.05 | 81.34 | 75.00 | 10/16/2026 | No | 11 | 57 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.40 | 12.30 | 1.35 | 5.00 | 0.27 | 0.37 | 0 | 6 | -0.29 | -0.22 | 435.36 | 405.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| SYF | Synchrony Financial | Options Chain | 1.30 | 1.75 | 0.63 | 2.50 | 0.25 | 0.33 | 1 | 0 | -0.28 | -0.05 | 77.35 | 72.50 | 10/16/2026 | No | 14 | 75 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.40 | 1.80 | 0.60 | 2.50 | 0.24 | 0.33 | 3 | 30 | -0.28 | -0.05 | 86.55 | 82.50 | 10/16/2026 | No | 14 | 50 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.70 | 0.75 | 0.23 | 1.00 | 0.23 | 0.41 | 786 | 0 | -0.23 | -0.02 | 33.46 | 31.00 | 10/16/2026 | No | 10 | 59 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.85 | 0.23 | 1.00 | 0.23 | 0.30 | 0 | 10 | -0.28 | -0.02 | 41.83 | 40.00 | 10/16/2026 | Yes | 15 | 77 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.46 | 1.65 | 0.22 | 1.00 | 0.22 | 0.39 | 0 | 1 | -0.30 | -0.03 | 37.34 | 35.00 | 10/30/2026 | Yes | 13 | 59 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.20 | 5.95 | 1.02 | 5.00 | 0.20 | 0.45 | 3 | 0 | -0.25 | -0.10 | 176.40 | 160.00 | 10/30/2026 | No | 12 | 71 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.37 | 2 | 0 | -0.26 | -0.01 | 23.69 | 22.00 | 10/16/2026 | No | 11 | 68 | None | |
| ING | ING Groep N.V. | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.29 | 4 | 0 | -0.26 | -0.02 | 36.65 | 35.00 | 10/16/2026 | No | 10 | 62 | None | |
| EXC | Exelon Corp | Options Chain | 0.40 | 0.60 | 0.17 | 1.00 | 0.17 | 0.22 | 0 | 1 | -0.24 | -0.02 | 43.70 | 42.00 | 10/16/2026 | No | 8 | 56 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.10 | 1.20 | 0.80 | 5.00 | 0.16 | 0.37 | 33 | 45 | -0.27 | -0.03 | 66.31 | 60.00 | 10/16/2026 | No | 13 | 72 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.75 | 0.40 | 2.50 | 0.16 | 0.28 | 0 | 1 | -0.24 | -0.02 | 50.15 | 47.50 | 10/16/2026 | Yes | 15 | 75 | None |