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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RIO | Rio Tinto plc | Options Chain | 2.00 | 2.35 | 1.00 | 5.00 | 0.20 | 0.41 | 1 | 21 | -0.25 | -0.04 | 94.93 | 85.00 | 8/21/2026 | No | 8 | 62 | None | |
| FAST | Fastenal Company | Options Chain | 0.90 | 1.25 | 0.50 | 2.50 | 0.20 | 0.31 | 1 | 0 | -0.28 | -0.02 | 48.03 | 45.00 | 8/21/2026 | Yes | 13 | 52 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.25 | 0.35 | 0.20 | 1.00 | 0.20 | 0.43 | 366 | 0 | -0.25 | -0.01 | 11.15 | 10.00 | 8/21/2026 | Yes | 19 | 62 | None | |
| FOXA | Fox Corporation - Class A | Options Chain | 1.20 | 1.70 | 0.97 | 5.00 | 0.19 | 0.45 | 4 | 9 | -0.28 | -0.03 | 52.16 | 50.00 | 8/21/2026 | Yes | 11 | 53 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.75 | 0.48 | 2.50 | 0.19 | 0.29 | 45 | 67 | -0.23 | -0.01 | 34.80 | 35.00 | 8/21/2026 | Yes | 8 | 52 | None | |
| OKE | Oneok Inc | Options Chain | 1.60 | 1.85 | 0.93 | 5.00 | 0.19 | 0.31 | 7 | 14 | -0.24 | -0.03 | 86.94 | 80.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.85 | 1.50 | 0.15 | 1.00 | 0.15 | 0.35 | 0 | 1 | -0.29 | -0.02 | 45.90 | 43.00 | 8/21/2026 | Yes | 10 | 65 | None |