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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |