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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 16.85 | 19.75 | 2.20 | 5.00 | 0.44 | 0.51 | 1 | 2 | -0.30 | -0.31 | 408.75 | 385.00 | 7/31/2026 | Yes | 22 | 66 |
Dividend Stock List |
|
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.80 | 0.28 | 1.00 | 0.28 | 0.44 | 0 | 1 | -0.26 | -0.02 | 27.46 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.70 | 1.00 | 0.27 | 1.00 | 0.27 | 0.44 | 8 | 93 | -0.28 | -0.02 | 28.75 | 27.00 | 7/17/2026 | No | 10 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 5.75 | 6.40 | 1.30 | 5.00 | 0.26 | 0.57 | 71 | 1780 | -0.25 | -0.14 | 201.26 | 160.00 | 7/24/2026 | Yes | 7 | 61 | None | |
| EQNR | Equinor ASA | Options Chain | 0.90 | 1.00 | 0.25 | 1.00 | 0.25 | 0.42 | 10 | 35 | -0.28 | -0.03 | 38.31 | 36.00 | 7/17/2026 | No | 11 | 58 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.30 | 0.40 | 0.22 | 1.00 | 0.22 | 0.48 | 0 | 1 | -0.28 | -0.01 | 11.59 | 11.00 | 7/17/2026 | No | 19 | 62 | None | |
| VTRS | Viatris Inc | Options Chain | 0.15 | 0.50 | 0.18 | 1.00 | 0.18 | 0.35 | 165 | 0 | -0.25 | -0.01 | 16.20 | 15.00 | 7/17/2026 | No | 6 | 51 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.45 | 0.17 | 1.00 | 0.17 | 0.31 | 4 | 0 | -0.27 | -0.01 | 21.98 | 21.00 | 7/17/2026 | No | 15 | 68 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.41 | 4 | 0 | -0.21 | -0.01 | 23.64 | 22.00 | 7/17/2026 | No | 18 | 65 | None |