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 | 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 |