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
PCG PG&E Corp Options Chain 0.67 0.75 0.34 1.00 0.34 0.40 27 19 -0.30 -0.01 17.95 17.00 10/16/2026 No 9 52 None
ORCL Oracle Corp Options Chain 6.55 6.85 1.65 5.00 0.33 0.63 128 157 -0.27 -0.12 151.94 135.00 10/16/2026 Yes 10 67 None
ALLY Ally Financial Inc Options Chain 0.70 1.00 0.30 1.00 0.30 0.27 5 1 -0.30 -0.02 42.74 41.00 10/16/2026 Yes 15 77 None
EIX Edison International Options Chain 1.80 2.25 0.73 2.50 0.29 0.35 16 297 -0.29 -0.03 74.14 70.00 10/16/2026 No 10 63 None
DAL Delta Air Lines Inc Options Chain 2.12 2.29 0.69 2.50 0.28 0.41 15 11 -0.27 -0.05 81.14 75.00 10/16/2026 Yes 13 67 None
CRM Salesforce Inc Options Chain 5.95 6.25 2.35 10.00 0.24 0.40 263 220 -0.25 -0.13 252.05 240.00 10/16/2026 Yes 15 70 None
FCX Freeport-McMoRan Inc Options Chain 2.13 2.29 1.16 5.00 0.23 0.48 78 186 -0.24 -0.04 78.42 70.00 10/16/2026 No 11 59 None
IVZ Invesco Ltd Options Chain 0.60 0.80 0.22 1.00 0.22 0.35 3 0 -0.25 -0.02 33.31 31.00 10/16/2026 No 7 58 None
HPE Hewlett Packard Enterprise Company Options Chain 1.65 1.81 1.06 5.00 0.21 0.65 8 1 -0.21 -0.04 54.41 45.00 10/16/2026 Yes 9 54 None
ADM Archer Daniels Midland Company Options Chain 1.40 1.55 0.53 2.50 0.21 0.32 0 5 -0.26 -0.04 79.10 75.00 10/16/2026 No 16 52 None
OVV Ovintiv Inc Options Chain 1.50 1.60 1.02 5.00 0.20 0.36 22 26 -0.28 -0.03 65.18 60.00 10/16/2026 No 13 72 None
EXC Exelon Corp Options Chain 0.45 0.65 0.20 1.00 0.20 0.21 10 10 -0.24 -0.01 44.12 42.00 10/16/2026 No 11 64 None
RF Regions Financial Corp Options Chain 0.45 0.65 0.20 1.00 0.20 0.24 0 20 -0.30 -0.01 30.40 29.00 10/16/2026 Yes 16 70 None
KEY Keycorp Options Chain 0.35 0.45 0.20 1.00 0.20 0.25 0 54 -0.30 -0.01 22.02 21.00 10/16/2026 Yes 14 68 None
NKE Nike Inc - Class B Options Chain 0.83 0.88 0.49 2.50 0.20 0.42 275 62 -0.22 -0.02 38.47 35.00 10/16/2026 Yes 14 59 None
DOW Dow Inc Options Chain 0.63 0.72 0.49 2.50 0.20 0.39 3 23 -0.24 -0.01 30.36 27.50 10/16/2026 No 8 56 None
OKE Oneok Inc Options Chain 1.55 1.75 0.92 5.00 0.18 0.28 2 1 -0.28 -0.04 94.71 90.00 10/16/2026 No 11 64 None
F Ford Motor Company Options Chain 0.26 0.27 0.18 1.00 0.18 0.33 88 67 -0.25 -0.01 13.95 13.00 10/16/2026 No 9 48 None
FHN First Horizon Corporation Options Chain 0.30 0.45 0.18 1.00 0.18 0.26 1 3 -0.26 -0.01 24.42 23.00 10/16/2026 Yes 16 70 None
DVN Devon Energy Corp Options Chain 0.66 0.68 0.38 2.50 0.15 0.34 33 1 -0.21 -0.02 47.12 42.50 10/16/2026 No 13 66 None
KO Coca-Cola Company Options Chain 0.76 0.82 0.38 2.50 0.15 0.19 76 56 -0.21 -0.02 89.06 85.00 10/16/2026 No 9 61 None