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
QCOM Qualcomm Inc Options Chain 11.85 12.30 2.20 5.00 0.44 0.71 3 20 -0.28 -0.18 181.92 165.00 8/21/2026 Yes 14 72 None
ORCL Oracle Corp Options Chain 6.35 6.70 1.70 5.00 0.34 0.58 647 111 -0.26 -0.11 146.55 130.00 8/21/2026 No 7 60 None
PAAS Pan American Silver Corp Options Chain 1.65 1.90 0.28 1.00 0.28 0.57 11 12 -0.27 -0.03 44.33 42.00 8/21/2026 Yes 14 55 None
FHN First Horizon Corporation Options Chain 0.50 0.75 0.28 1.00 0.28 0.30 3 0 -0.30 -0.01 26.03 25.00 8/21/2026 Yes 19 70 None
MFC Manulife Financial Corp Options Chain 0.55 0.90 0.23 1.00 0.23 0.27 0 1 -0.30 -0.02 40.72 39.00 8/21/2026 Yes 15 61 None
PR Permian Resources Corp - Class A Options Chain 0.55 0.60 0.23 1.00 0.23 0.39 1 0 -0.30 -0.01 17.93 17.00 8/21/2026 Yes 10 61 None
CMCSA Comcast Corp - Class A Options Chain 0.65 0.76 0.22 1.00 0.22 0.40 3 1 -0.27 -0.01 23.72 22.00 8/21/2026 Yes 16 68 None
BKR Baker Hughes Co - Class A Options Chain 1.30 1.65 1.03 5.00 0.21 0.41 17 0 -0.28 -0.03 55.59 50.00 8/21/2026 Yes 16 66 None
GIS General Mills Inc Options Chain 0.70 0.80 0.50 2.50 0.20 0.29 76 16 -0.27 -0.01 37.55 35.00 8/21/2026 Yes 8 53 None
KEY Keycorp Options Chain 0.35 0.55 0.20 1.00 0.20 0.30 1 1 -0.26 -0.01 23.38 22.00 8/21/2026 Yes 10 59 None
KMI Kinder Morgan Inc - Class P Options Chain 0.36 0.50 0.19 1.00 0.19 0.25 2 0 -0.24 -0.01 31.97 30.00 8/21/2026 Yes 10 66 None
BAC Bank Of America Corp Options Chain 0.89 0.91 0.46 2.50 0.18 0.26 1027 61 -0.23 -0.02 57.01 55.00 8/21/2026 Yes 10 65 None
JNJ Johnson & Johnson Options Chain 2.89 3.80 1.75 10.00 0.17 0.28 15 9 -0.23 -0.08 253.90 240.00 8/21/2026 Yes 12 72 None
NVO Novo Nordisk Options Chain 1.13 1.16 0.43 2.50 0.17 0.46 32 32 -0.23 -0.02 48.55 45.00 8/21/2026 Yes 13 54 None
PG Procter & Gamble Company Options Chain 1.77 1.88 0.83 5.00 0.17 0.24 23 6 -0.26 -0.04 146.64 140.00 8/21/2026 Yes 13 72 None
FOXA Fox Corporation - Class A Options Chain 1.05 1.75 0.82 5.00 0.16 0.43 10 10 -0.27 -0.03 54.13 50.00 8/21/2026 Yes 11 53 None
F Ford Motor Company Options Chain 0.24 0.26 0.15 1.00 0.15 0.43 4 3 -0.18 -0.01 13.66 12.00 8/21/2026 Yes 8 47 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.20 0.30 0.15 1.00 0.15 0.43 2 0 -0.23 -0.01 11.15 10.00 8/21/2026 Yes 19 62 None