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.

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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
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.35 1.95 0.95 2.50 0.38 0.55 98 47 -0.29 -0.03 38.61 37.50 8/21/2026 Yes 17 66 None
AVGO Broadcom Inc Options Chain 10.40 12.00 1.75 5.00 0.35 0.49 24 18 -0.29 -0.30 377.75 345.00 8/7/2026 No 10 62 None
APH Amphenol Corp - Class A Options Chain 6.50 6.90 1.45 5.00 0.29 0.58 17 30 -0.26 -0.13 176.32 155.00 8/21/2026 Yes 8 58 None
ALLY Ally Financial Inc Options Chain 0.95 1.40 0.28 1.00 0.28 0.36 0 1 -0.28 -0.02 45.95 43.00 8/21/2026 Yes 10 65 None
BHP BHP Group Ltd Options Chain 2.15 2.45 0.65 2.50 0.26 0.38 2 2 -0.29 -0.05 83.31 77.50 8/21/2026 Yes 11 25 None
CLX Clorox Company Options Chain 2.30 2.95 1.25 5.00 0.25 0.38 13 22 -0.29 -0.04 95.05 90.00 8/21/2026 Yes 11 47 None
RF Regions Financial Corp Options Chain 0.50 0.70 0.25 1.00 0.25 0.30 0 200 -0.27 -0.01 30.20 29.00 8/21/2026 Yes 18 71 None
PR Permian Resources Corp - Class A Options Chain 0.55 0.65 0.25 1.00 0.25 0.40 100 0 -0.30 -0.01 18.41 17.00 8/21/2026 Yes 7 53 None
BG Bunge Global SA Options Chain 2.05 3.80 1.18 5.00 0.24 0.36 113 1 -0.29 -0.05 106.73 100.00 8/21/2026 Yes 8 63 None
APD Air Products & Chemicals Inc Options Chain 5.10 7.90 2.25 10.00 0.23 0.29 2 7 -0.30 -0.14 293.18 290.00 8/21/2026 Yes 6 66 None
RIO Rio Tinto plc Options Chain 2.05 2.20 1.00 5.00 0.20 0.39 6 24 -0.25 -0.03 94.93 85.00 8/21/2026 No 8 62 None
OKE Oneok Inc Options Chain 1.65 1.85 1.00 5.00 0.20 0.32 117 119 -0.27 -0.03 86.94 80.00 8/21/2026 Yes 10 66 None
BCS Barclays plc Options Chain 0.55 0.70 0.20 1.00 0.20 0.40 67 1 -0.26 -0.01 26.86 25.00 8/21/2026 Yes 14 52 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.25 0.35 0.20 1.00 0.20 0.42 368 0 -0.27 -0.01 11.44 10.00 8/21/2026 Yes 19 62 None
BBD Banco Bradesco S.A. Options Chain 0.00 0.30 0.10 0.50 0.20 2.06 2 2 -0.26 0.00 3.47 3.00 8/21/2026 Yes 11 50 None
FAST Fastenal Company Options Chain 0.90 1.25 0.48 2.50 0.19 0.32 6 1 -0.29 -0.02 47.50 45.00 8/21/2026 Yes 13 52 None
QSR Restaurant Brands International Inc Options Chain 0.95 1.35 0.47 2.50 0.19 0.29 2 2 -0.20 -0.03 72.51 67.50 8/21/2026 Yes 8 62 None
EXC Exelon Corp Options Chain 0.25 1.05 0.17 1.00 0.17 0.23 1 0 -0.26 -0.01 46.93 44.00 8/21/2026 Yes 8 57 None
KEY Keycorp Options Chain 0.35 0.45 0.17 1.00 0.17 0.29 0 4 -0.26 -0.01 23.05 22.00 8/21/2026 Yes 10 59 None
GIS General Mills Inc Options Chain 0.65 0.75 0.42 2.50 0.17 0.30 119 80 -0.25 -0.01 34.80 35.00 8/21/2026 Yes 8 52 None