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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IVZ | Invesco Ltd | Options Chain | 0.65 | 1.15 | 0.42 | 1.00 | 0.42 | 0.46 | 4 | 0 | -0.28 | -0.02 | 28.61 | 27.00 | 8/21/2026 | Yes | 7 | 56 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.03 | 1.23 | 0.38 | 1.00 | 0.38 | 0.33 | 4 | 0 | -0.30 | -0.02 | 42.70 | 42.00 | 8/28/2026 | No | 11 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.30 | 16.90 | 1.50 | 5.00 | 0.30 | 0.52 | 660 | 2 | -0.29 | -0.30 | 436.96 | 400.00 | 8/28/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| ALLY | Ally Financial Inc | Options Chain | 1.00 | 1.40 | 0.30 | 1.00 | 0.30 | 0.38 | 0 | 2 | -0.29 | -0.02 | 45.11 | 43.00 | 8/21/2026 | Yes | 9 | 64 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.55 | 3.50 | 1.48 | 5.00 | 0.30 | 0.55 | 11 | 0 | -0.28 | -0.06 | 82.00 | 75.00 | 8/21/2026 | Yes | 16 | 64 |
Dividend Stock List |
|
| CLX | Clorox Company | Options Chain | 2.25 | 2.65 | 1.25 | 5.00 | 0.25 | 0.38 | 27 | 52 | -0.29 | -0.04 | 93.07 | 90.00 | 8/21/2026 | Yes | 14 | 55 | None | |
| T | AT&T Inc | Options Chain | 0.42 | 0.58 | 0.12 | 0.50 | 0.24 | 0.33 | 10 | 0 | -0.29 | -0.01 | 21.04 | 20.00 | 8/28/2026 | Yes | 9 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.95 | 11.45 | 1.17 | 5.00 | 0.23 | 0.70 | 1 | 0 | -0.29 | -0.19 | 191.11 | 170.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.70 | 0.23 | 1.00 | 0.23 | 0.33 | 0 | 2 | -0.25 | -0.01 | 30.58 | 29.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.55 | 0.65 | 0.20 | 1.00 | 0.20 | 0.42 | 36 | 2 | -0.24 | -0.02 | 26.09 | 24.00 | 8/21/2026 | Yes | 11 | 57 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.15 | 1.35 | 0.92 | 5.00 | 0.18 | 0.35 | 26 | 68 | -0.29 | -0.03 | 51.54 | 50.00 | 8/21/2026 | No | 7 | 56 | None | |
| NVO | Novo Nordisk | Options Chain | 0.81 | 1.57 | 0.18 | 1.00 | 0.18 | 0.43 | 10 | 0 | -0.28 | -0.03 | 48.88 | 45.00 | 8/28/2026 | Yes | 17 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 5.60 | 6.50 | 0.17 | 1.00 | 0.17 | 0.59 | 2 | 0 | -0.30 | -0.11 | 144.22 | 129.00 | 8/28/2026 | No | 7 | 60 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.00 | 1.35 | 0.85 | 5.00 | 0.17 | 0.41 | 505 | 1000 | -0.22 | -0.03 | 55.05 | 50.00 | 8/21/2026 | Yes | 11 | 71 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.01 | 0.92 | 0.16 | 1.00 | 0.16 | 0.20 | 0 | 5 | -0.23 | -0.01 | 37.29 | 35.00 | 8/28/2026 | Yes | 9 | 58 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.30 | 0 | 1 | -0.29 | -0.01 | 17.76 | 17.00 | 8/21/2026 | Yes | 11 | 66 | None |