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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 11.85 | 12.30 | 2.20 | 5.00 | 0.44 | 0.71 | 3 | 20 | -0.28 | -0.18 | 181.92 | 165.00 | 8/21/2026 | Yes | 14 | 72 | None | |
| ORCL | Oracle Corp | Options Chain | 6.35 | 6.70 | 1.70 | 5.00 | 0.34 | 0.58 | 647 | 111 | -0.26 | -0.11 | 146.55 | 130.00 | 8/21/2026 | No | 7 | 60 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.65 | 1.90 | 0.28 | 1.00 | 0.28 | 0.57 | 11 | 12 | -0.27 | -0.03 | 44.33 | 42.00 | 8/21/2026 | Yes | 14 | 55 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.50 | 0.75 | 0.28 | 1.00 | 0.28 | 0.30 | 3 | 0 | -0.30 | -0.01 | 26.03 | 25.00 | 8/21/2026 | Yes | 19 | 70 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.55 | 0.90 | 0.23 | 1.00 | 0.23 | 0.27 | 0 | 1 | -0.30 | -0.02 | 40.72 | 39.00 | 8/21/2026 | Yes | 15 | 61 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.55 | 0.60 | 0.23 | 1.00 | 0.23 | 0.39 | 1 | 0 | -0.30 | -0.01 | 17.93 | 17.00 | 8/21/2026 | Yes | 10 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.65 | 0.76 | 0.22 | 1.00 | 0.22 | 0.40 | 3 | 1 | -0.27 | -0.01 | 23.72 | 22.00 | 8/21/2026 | Yes | 16 | 68 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.30 | 1.65 | 1.03 | 5.00 | 0.21 | 0.41 | 17 | 0 | -0.28 | -0.03 | 55.59 | 50.00 | 8/21/2026 | Yes | 16 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.80 | 0.50 | 2.50 | 0.20 | 0.29 | 76 | 16 | -0.27 | -0.01 | 37.55 | 35.00 | 8/21/2026 | Yes | 8 | 53 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.30 | 1 | 1 | -0.26 | -0.01 | 23.38 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.36 | 0.50 | 0.19 | 1.00 | 0.19 | 0.25 | 2 | 0 | -0.24 | -0.01 | 31.97 | 30.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.89 | 0.91 | 0.46 | 2.50 | 0.18 | 0.26 | 1027 | 61 | -0.23 | -0.02 | 57.01 | 55.00 | 8/21/2026 | Yes | 10 | 65 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.89 | 3.80 | 1.75 | 10.00 | 0.17 | 0.28 | 15 | 9 | -0.23 | -0.08 | 253.90 | 240.00 | 8/21/2026 | Yes | 12 | 72 | None | |
| NVO | Novo Nordisk | Options Chain | 1.13 | 1.16 | 0.43 | 2.50 | 0.17 | 0.46 | 32 | 32 | -0.23 | -0.02 | 48.55 | 45.00 | 8/21/2026 | Yes | 13 | 54 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.77 | 1.88 | 0.83 | 5.00 | 0.17 | 0.24 | 23 | 6 | -0.26 | -0.04 | 146.64 | 140.00 | 8/21/2026 | Yes | 13 | 72 | None | |
| FOXA | Fox Corporation - Class A | Options Chain | 1.05 | 1.75 | 0.82 | 5.00 | 0.16 | 0.43 | 10 | 10 | -0.27 | -0.03 | 54.13 | 50.00 | 8/21/2026 | Yes | 11 | 53 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.26 | 0.15 | 1.00 | 0.15 | 0.43 | 4 | 3 | -0.18 | -0.01 | 13.66 | 12.00 | 8/21/2026 | Yes | 8 | 47 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.43 | 2 | 0 | -0.23 | -0.01 | 11.15 | 10.00 | 8/21/2026 | Yes | 19 | 62 | None |