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.

Download as spreadsheet Download

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