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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EQNR | Equinor ASA | Options Chain | 1.50 | 1.85 | 0.63 | 1.00 | 0.63 | 0.42 | 8 | 2 | -0.26 | -0.02 | 41.36 | 35.00 | 6/18/2026 | Yes | 9 | 56 | None | |
| APA | APA Corporation | Options Chain | 1.65 | 2.09 | 1.00 | 2.50 | 0.40 | 0.51 | 12 | 0 | -0.27 | -0.03 | 38.50 | 35.00 | 6/18/2026 | Yes | 9 | 51 | None | |
| HAL | Halliburton Company | Options Chain | 1.29 | 1.54 | 0.36 | 1.00 | 0.36 | 0.36 | 13 | 68 | -0.29 | -0.02 | 40.40 | 38.00 | 6/18/2026 | No | 10 | 56 | None | |
| KEY | Keycorp | Options Chain | 0.45 | 0.60 | 0.33 | 1.00 | 0.33 | 0.28 | 11 | 5 | -0.30 | -0.01 | 22.23 | 21.00 | 6/18/2026 | No | 14 | 68 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.60 | 0.28 | 1.00 | 0.28 | 0.41 | 0 | 1 | -0.21 | -0.01 | 20.72 | 18.00 | 6/18/2026 | Yes | 11 | 65 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.60 | 0.28 | 1.00 | 0.28 | 0.39 | 0 | 5 | -0.24 | -0.01 | 27.35 | 25.00 | 6/18/2026 | No | 9 | 56 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.55 | 0.21 | 1.00 | 0.21 | 0.30 | 3 | 40 | -0.25 | -0.01 | 26.43 | 25.00 | 6/18/2026 | No | 15 | 63 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.38 | 0.48 | 0.18 | 1.00 | 0.18 | 0.19 | 15 | 12 | -0.19 | -0.01 | 37.55 | 36.00 | 6/18/2026 | No | 12 | 67 | None |