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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBAC | SBA Communications Corp - Class A | Options Chain | 3.10 | 7.30 | 1.80 | 5.00 | 0.36 | 0.39 | 0 | 101 | -0.24 | -0.08 | 179.50 | 170.00 | 8/21/2026 | Yes | 8 | 52 | None | |
| GPN | Global Payments Inc | Options Chain | 2.40 | 3.20 | 0.90 | 2.50 | 0.36 | 0.48 | 0 | 3 | -0.30 | -0.05 | 70.50 | 67.50 | 8/21/2026 | Yes | 8 | 56 | None | |
| CGNX | Cognex Corp | Options Chain | 3.20 | 3.80 | 1.65 | 5.00 | 0.33 | 0.65 | 50 | 42 | -0.28 | -0.06 | 70.00 | 65.00 | 8/21/2026 | Yes | 13 | 56 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.00 | 1.45 | 0.30 | 1.00 | 0.30 | 0.37 | 0 | 3 | -0.28 | -0.02 | 47.20 | 43.00 | 8/21/2026 | Yes | 10 | 65 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 6.80 | 7.50 | 1.45 | 5.00 | 0.29 | 0.56 | 26 | 21 | -0.28 | -0.13 | 165.59 | 160.00 | 8/21/2026 | Yes | 8 | 58 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.20 | 1.80 | 0.72 | 2.50 | 0.29 | 0.56 | 11 | 54 | -0.28 | -0.03 | 39.04 | 35.00 | 8/21/2026 | Yes | 17 | 66 | None | |
| LDOS | Leidos Holdings Inc | Options Chain | 3.00 | 3.40 | 1.42 | 5.00 | 0.28 | 0.44 | 6 | 21 | -0.28 | -0.06 | 100.20 | 95.00 | 8/21/2026 | Yes | 13 | 63 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 6.20 | 7.80 | 2.55 | 10.00 | 0.26 | 0.44 | 67 | 6 | -0.27 | -0.14 | 231.81 | 210.00 | 8/21/2026 | No | 9 | 64 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.80 | 2.40 | 1.27 | 5.00 | 0.25 | 0.53 | 14 | 0 | -0.25 | -0.06 | 81.79 | 70.00 | 8/21/2026 | Yes | 16 | 64 |
Dividend Stock List |
|
| EQNR | Equinor ASA | Options Chain | 0.75 | 0.90 | 0.25 | 1.00 | 0.25 | 0.39 | 3 | 0 | -0.28 | -0.01 | 31.15 | 29.00 | 8/21/2026 | Yes | 12 | 61 | None | |
| BCS | Barclays plc | Options Chain | 0.70 | 0.85 | 0.25 | 1.00 | 0.25 | 0.39 | 98 | 73 | -0.28 | -0.01 | 26.86 | 25.00 | 8/21/2026 | Yes | 14 | 52 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.05 | 2.30 | 1.18 | 5.00 | 0.24 | 0.48 | 116 | 112 | -0.26 | -0.04 | 73.25 | 65.00 | 8/21/2026 | Yes | 14 | 65 | None | |
| EC | Ecopetrol SA | Options Chain | 0.45 | 0.70 | 0.23 | 1.00 | 0.23 | 0.53 | 2 | 0 | -0.29 | -0.01 | 14.79 | 13.00 | 8/21/2026 | Yes | 14 | 55 | None | |
| JCI | Johnson Controls International plc | Options Chain | 3.00 | 4.10 | 1.10 | 5.00 | 0.22 | 0.39 | 0 | 5 | -0.26 | -0.08 | 140.47 | 135.00 | 8/21/2026 | Yes | 8 | 58 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.40 | 0.60 | 0.22 | 1.00 | 0.22 | 0.32 | 1 | 0 | -0.25 | -0.01 | 25.58 | 24.00 | 8/21/2026 | Yes | 19 | 70 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.70 | 0.22 | 1.00 | 0.22 | 0.44 | 0 | 7 | -0.28 | -0.01 | 18.54 | 17.00 | 8/21/2026 | Yes | 7 | 53 | None | |
| KEY | Keycorp | Options Chain | 0.45 | 0.55 | 0.22 | 1.00 | 0.22 | 0.29 | 85 | 0 | -0.30 | -0.01 | 23.19 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.00 | 2.25 | 0.53 | 2.50 | 0.21 | 0.39 | 0 | 3 | -0.26 | -0.04 | 81.50 | 77.50 | 8/21/2026 | Yes | 9 | 56 | None | |
| AEP | American Electric Power Company Inc | Options Chain | 1.80 | 2.55 | 1.05 | 5.00 | 0.21 | 0.25 | 6 | 6 | -0.27 | -0.04 | 137.87 | 130.00 | 8/21/2026 | Yes | 8 | 67 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.75 | 0.85 | 0.20 | 1.00 | 0.20 | 0.44 | 2 | 0 | -0.29 | -0.02 | 25.17 | 23.00 | 8/21/2026 | Yes | 16 | 66 | None | |
| OKE | Oneok Inc | Options Chain | 1.40 | 1.80 | 0.97 | 5.00 | 0.19 | 0.31 | 193 | 28 | -0.23 | -0.02 | 88.73 | 80.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.80 | 0.48 | 2.50 | 0.19 | 0.30 | 69 | 1458 | -0.28 | -0.01 | 36.42 | 32.50 | 8/21/2026 | Yes | 8 | 53 | None | |
| FAST | Fastenal Company | Options Chain | 0.85 | 1.30 | 0.48 | 2.50 | 0.19 | 0.33 | 1 | 1 | -0.28 | -0.02 | 47.34 | 45.00 | 8/21/2026 | Yes | 13 | 52 | None | |
| PPL | PPL Corp | Options Chain | 0.50 | 0.65 | 0.18 | 1.00 | 0.18 | 0.23 | 0 | 2 | -0.29 | -0.02 | 36.71 | 35.00 | 8/21/2026 | Yes | 8 | 67 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.00 | 1.30 | 0.77 | 5.00 | 0.15 | 0.41 | 1 | 0 | -0.22 | -0.03 | 56.01 | 50.00 | 8/21/2026 | Yes | 16 | 66 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.42 | 1001 | 0 | -0.21 | -0.01 | 11.10 | 10.00 | 8/21/2026 | Yes | 19 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.50 | 0.15 | 1.00 | 0.15 | 0.30 | 235 | 0 | -0.23 | -0.01 | 30.28 | 28.00 | 8/21/2026 | Yes | 18 | 71 | None | |
| EXC | Exelon Corp | Options Chain | 0.25 | 0.70 | 0.15 | 1.00 | 0.15 | 0.21 | 1 | 0 | -0.24 | -0.01 | 47.42 | 44.00 | 8/21/2026 | Yes | 8 | 57 | None |