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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRO | Frontline Plc | Options Chain | 2.15 | 2.65 | 0.45 | 1.00 | 0.45 | 0.42 | 0 | 1 | -0.30 | -0.01 | 45.74 | 44.00 | 10/16/2026 | No | 8 | 55 | None | |
| CRM | Salesforce Inc | Options Chain | 6.35 | 9.50 | 1.65 | 5.00 | 0.33 | 0.39 | 0 | 2 | -0.30 | -0.14 | 264.39 | 245.00 | 10/23/2026 | No | 15 | 71 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.85 | 1.07 | 0.30 | 1.00 | 0.30 | 0.40 | 16 | 1 | -0.25 | -0.02 | 38.77 | 35.00 | 10/23/2026 | Yes | 14 | 59 | None | |
| AA | Alcoa Corp | Options Chain | 1.46 | 1.97 | 0.30 | 1.00 | 0.30 | 0.51 | 3 | 5 | -0.27 | -0.04 | 51.05 | 46.00 | 10/23/2026 | Yes | 17 | 52 | None | |
| EQNR | Equinor ASA | Options Chain | 0.95 | 1.15 | 0.30 | 1.00 | 0.30 | 0.36 | 0 | 1 | -0.29 | -0.03 | 42.66 | 40.00 | 10/16/2026 | No | 13 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.60 | 0.27 | 1.00 | 0.27 | 0.33 | 8 | 0 | -0.28 | -0.01 | 23.74 | 22.00 | 10/16/2026 | No | 13 | 68 | None | |
| APA | APA Corporation | Options Chain | 1.02 | 1.51 | 0.26 | 1.00 | 0.26 | 0.43 | 10 | 0 | -0.27 | -0.02 | 44.18 | 40.00 | 10/23/2026 | No | 14 | 70 | None | |
| SLB | SLB | Options Chain | 1.13 | 1.35 | 0.25 | 1.00 | 0.25 | 0.36 | 1 | 0 | -0.27 | -0.03 | 57.41 | 53.00 | 10/23/2026 | Yes | 7 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.75 | 4.40 | 1.23 | 5.00 | 0.25 | 0.40 | 2 | 7 | -0.24 | -0.09 | 168.57 | 155.00 | 10/23/2026 | No | 12 | 71 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.55 | 1.75 | 0.60 | 2.50 | 0.24 | 0.34 | 34 | 2 | -0.26 | -0.04 | 92.71 | 85.00 | 10/16/2026 | No | 10 | 58 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.99 | 1.16 | 0.24 | 1.00 | 0.24 | 0.25 | 5 | 5 | -0.29 | -0.02 | 63.04 | 60.00 | 10/23/2026 | Yes | 10 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.90 | 10.20 | 1.17 | 5.00 | 0.23 | 0.34 | 6 | 0 | -0.28 | -0.20 | 417.01 | 400.00 | 10/23/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.90 | 0.23 | 1.00 | 0.23 | 0.27 | 29 | 0 | -0.30 | -0.02 | 43.59 | 42.00 | 10/16/2026 | Yes | 15 | 78 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.50 | 1.60 | 0.57 | 2.50 | 0.23 | 0.32 | 1195 | 28 | -0.26 | -0.04 | 84.38 | 80.00 | 10/16/2026 | No | 17 | 57 | None | |
| VST | Vistra Corp | Options Chain | 2.99 | 4.05 | 1.10 | 5.00 | 0.22 | 0.42 | 1 | 11 | -0.25 | -0.08 | 143.46 | 135.00 | 10/23/2026 | No | 8 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 1.47 | 1.89 | 0.22 | 1.00 | 0.22 | 0.22 | 3 | 4 | -0.30 | -0.04 | 108.42 | 104.00 | 10/23/2026 | No | 9 | 59 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.32 | 0.44 | 0.11 | 0.50 | 0.22 | 0.28 | 6 | 0 | -0.24 | -0.01 | 25.42 | 23.50 | 10/23/2026 | No | 7 | 57 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.28 | 0 | 5 | -0.28 | -0.01 | 30.44 | 29.00 | 10/16/2026 | Yes | 16 | 70 | None | |
| OKE | Oneok Inc | Options Chain | 1.25 | 1.50 | 0.83 | 5.00 | 0.17 | 0.27 | 2 | 54 | -0.25 | -0.04 | 95.75 | 90.00 | 10/16/2026 | No | 11 | 63 | None | |
| KO | Coca-Cola Company | Options Chain | 1.04 | 1.15 | 0.16 | 1.00 | 0.16 | 0.20 | 1 | 0 | -0.28 | -0.02 | 88.81 | 85.00 | 10/23/2026 | Yes | 9 | 61 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.40 | 0.65 | 0.16 | 1.00 | 0.16 | 0.18 | 5 | 0 | -0.29 | -0.01 | 39.17 | 38.00 | 10/23/2026 | No | 12 | 68 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.30 | 0.15 | 1.00 | 0.15 | 0.26 | 6 | 1 | -0.23 | -0.01 | 22.12 | 21.00 | 10/16/2026 | Yes | 14 | 68 | None |