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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RRC | Range Resources Corp | Options Chain | 1.35 | 1.40 | 0.33 | 1.00 | 0.33 | 0.42 | 11 | 7 | -0.30 | -0.03 | 43.33 | 41.00 | 5/15/2026 | Yes | 12 | 54 | None | |
| EQNR | Equinor ASA | Options Chain | 1.15 | 1.30 | 0.30 | 1.00 | 0.30 | 0.50 | 11 | 64 | -0.30 | -0.03 | 39.33 | 36.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.60 | 2.75 | 0.73 | 2.50 | 0.29 | 0.56 | 93 | 292 | -0.27 | -0.06 | 74.22 | 67.50 | 5/15/2026 | Yes | 7 | 60 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.80 | 5.10 | 1.25 | 5.00 | 0.25 | 0.61 | 16 | 13 | -0.27 | -0.13 | 135.32 | 125.00 | 5/15/2026 | No | 9 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 3.60 | 4.50 | 1.18 | 5.00 | 0.24 | 0.53 | 31 | 43 | -0.25 | -0.10 | 143.93 | 125.00 | 5/22/2026 | No | 7 | 60 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.55 | 1.75 | 0.55 | 2.50 | 0.22 | 0.38 | 8 | 4 | -0.27 | -0.05 | 76.93 | 72.50 | 5/15/2026 | No | 10 | 56 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 3.00 | 3.40 | 0.22 | 1.00 | 0.22 | 0.89 | 5 | 2 | -0.29 | -0.08 | 51.70 | 49.00 | 5/15/2026 | No | 16 | 52 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.65 | 0.22 | 1.00 | 0.22 | 0.44 | 5 | 0 | -0.29 | -0.02 | 23.46 | 22.00 | 5/15/2026 | Yes | 17 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.85 | 13.25 | 1.07 | 5.00 | 0.21 | 0.44 | 3 | 1 | -0.29 | -0.24 | 362.98 | 340.00 | 5/29/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| GIS | General Mills Inc | Options Chain | 0.70 | 0.80 | 0.50 | 2.50 | 0.20 | 0.29 | 122 | 30 | -0.28 | -0.01 | 36.60 | 35.00 | 5/15/2026 | No | 10 | 61 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.60 | 0.70 | 0.20 | 1.00 | 0.20 | 0.49 | 29 | 0 | -0.29 | -0.02 | 24.21 | 22.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.25 | 0.30 | 0.18 | 1.00 | 0.18 | 0.42 | 1 | 0 | -0.25 | -0.01 | 11.85 | 11.00 | 5/15/2026 | Yes | 16 | 56 | None | |
| EXC | Exelon Corp | Options Chain | 0.55 | 0.80 | 0.18 | 1.00 | 0.18 | 0.24 | 0 | 12 | -0.29 | -0.02 | 49.17 | 48.00 | 5/15/2026 | Yes | 8 | 61 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.35 | 1 | 0 | -0.27 | -0.01 | 21.29 | 20.00 | 5/15/2026 | Yes | 10 | 59 | None |