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.

Download as spreadsheet Download

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
DAL Delta Air Lines Inc Options Chain 2.33 2.83 0.37 1.00 0.37 0.38 1 0 -0.29 -0.06 90.41 86.00 9/25/2026 No 14 67 None
LEN Lennar Corp - Class A Options Chain 1.75 3.40 0.35 1.00 0.35 0.42 0 1 -0.30 -0.07 87.55 81.00 9/25/2026 Yes 12 60 None
EFX Equifax Inc Options Chain 3.10 4.10 1.67 5.00 0.33 0.38 3004 0 -0.24 -0.11 181.96 165.00 9/18/2026 No 13 53 None
NKE Nike Inc - Class B Options Chain 0.76 1.00 0.29 1.00 0.29 0.35 43 25 -0.27 -0.02 41.32 38.00 9/25/2026 No 10 51 None
MS Morgan Stanley Options Chain 4.05 5.40 1.37 5.00 0.27 0.30 5 1 -0.30 -0.10 215.07 210.00 9/25/2026 No 14 75 None
F Ford Motor Company Options Chain 0.19 0.28 0.12 0.50 0.24 0.34 10 1 -0.21 -0.01 13.98 13.00 9/25/2026 No 9 48 None
HPE Hewlett Packard Enterprise Company Options Chain 2.55 3.30 0.23 1.00 0.23 0.76 8 1 -0.28 -0.06 54.38 50.00 9/25/2026 Yes 10 54 None
KHC Kraft Heinz Company Options Chain 0.15 0.76 0.11 0.50 0.22 0.29 0 1 -0.30 -0.01 24.65 23.00 9/25/2026 No 7 58 None
BHP BHP Group Ltd Options Chain 1.50 1.60 0.50 2.50 0.20 0.40 9 3 -0.24 -0.04 90.02 82.50 9/18/2026 Yes 11 23 None
BAC Bank Of America Corp Options Chain 0.63 0.76 0.19 1.00 0.19 0.21 1 1 -0.26 -0.01 64.00 61.00 9/25/2026 No 13 74 None
INFY Infosys Ltd Options Chain 0.15 0.30 0.15 1.00 0.15 0.43 2 10 -0.24 -0.01 12.60 11.00 9/18/2026 No 13 42 None
KO Coca-Cola Company Options Chain 0.80 0.90 0.15 1.00 0.15 0.19 3 0 -0.27 -0.02 86.48 83.00 9/25/2026 No 9 61 None