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
EQNR Equinor ASA Options Chain 0.85 0.95 0.37 1.00 0.37 0.38 10 1 -0.29 -0.01 31.32 29.00 8/21/2026 Yes 9 52 None
IVZ Invesco Ltd Options Chain 0.70 0.95 0.35 1.00 0.35 0.45 0 10 -0.26 -0.01 25.87 24.00 8/21/2026 Yes 7 56 None
APH Amphenol Corp - Class A Options Chain 6.40 6.90 1.45 5.00 0.29 0.57 6 41 -0.27 -0.13 163.72 150.00 8/21/2026 Yes 11 60 None
CGNX Cognex Corp Options Chain 2.90 3.30 1.35 5.00 0.27 0.67 4 9 -0.26 -0.06 66.56 60.00 8/21/2026 Yes 14 58 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.45 1.60 0.63 2.50 0.25 0.57 34 26 -0.26 -0.03 40.03 35.00 8/21/2026 Yes 14 57 None
NUE Nucor Corp Options Chain 5.00 6.30 2.45 10.00 0.25 0.40 66 27 -0.24 -0.13 248.89 210.00 8/21/2026 Yes 12 60 None
ZION Zions Bancorporation N.A Options Chain 1.15 2.05 0.60 2.50 0.24 0.34 0 1 -0.27 -0.03 69.14 65.00 8/21/2026 Yes 15 64 None
BHP BHP Group Ltd Options Chain 1.85 2.00 0.58 2.50 0.23 0.38 16 2 -0.25 -0.04 81.02 75.00 8/21/2026 Yes 9 57 None
MFC Manulife Financial Corp Options Chain 0.45 0.70 0.23 1.00 0.23 0.27 0 1 -0.25 -0.01 40.29 38.00 8/21/2026 Yes 17 69 None
KEY Keycorp Options Chain 0.40 0.55 0.23 1.00 0.23 0.30 3 3 -0.28 -0.01 23.49 22.00 8/21/2026 Yes 15 68 None
BCS Barclays plc Options Chain 0.70 0.85 0.23 1.00 0.23 0.38 120 0 -0.28 -0.01 26.67 25.00 8/21/2026 Yes 15 52 None
ZTS Zoetis Inc - Class A Options Chain 1.65 2.00 1.10 5.00 0.22 0.47 391 29 -0.21 -0.03 76.09 65.00 8/21/2026 Yes 11 56 None
SHW Sherwin-Williams Company Options Chain 4.90 7.30 2.02 10.00 0.20 0.32 11 2 -0.24 -0.14 344.07 320.00 8/21/2026 Yes 9 58 None
EXC Exelon Corp Options Chain 0.60 0.90 0.20 1.00 0.20 0.23 2 14 -0.27 -0.02 47.40 45.00 8/21/2026 Yes 8 57 None
VTRS Viatris Inc Options Chain 0.40 0.55 0.20 1.00 0.20 0.41 1 0 -0.29 -0.01 16.33 15.00 8/21/2026 Yes 6 51 None
TFC Truist Financial Corporation Options Chain 0.90 1.00 0.47 2.50 0.19 0.30 229 1207 -0.28 -0.02 50.66 47.50 8/21/2026 Yes 11 67 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.45 0.18 1.00 0.18 0.28 1 2 -0.30 -0.01 17.79 17.00 8/21/2026 Yes 11 66 None
FHN First Horizon Corporation Options Chain 0.45 0.55 0.17 1.00 0.17 0.29 2 0 -0.27 -0.01 25.58 24.00 8/21/2026 Yes 19 70 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.20 0.30 0.15 1.00 0.15 0.43 3 0 -0.22 -0.01 10.96 10.00 8/21/2026 Yes 19 62 None
RF Regions Financial Corp Options Chain 0.35 0.60 0.15 1.00 0.15 0.30 0 9 -0.22 -0.01 30.06 28.00 8/21/2026 Yes 15 62 None