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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCG | PG&E Corp | Options Chain | 0.74 | 0.92 | 0.19 | 0.50 | 0.38 | 0.60 | 10 | 0 | -0.30 | -0.02 | 14.82 | 13.50 | 10/23/2026 | Yes | 9 | 41 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.95 | 6.95 | 1.80 | 5.00 | 0.36 | 0.47 | 2 | 10 | -0.30 | -0.13 | 174.09 | 165.00 | 10/23/2026 | No | 12 | 71 | None | |
| ORCL | Oracle Corp | Options Chain | 7.55 | 7.95 | 0.35 | 1.00 | 0.35 | 0.66 | 0 | 10 | -0.30 | -0.15 | 162.52 | 148.00 | 10/23/2026 | Yes | 11 | 67 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.15 | 1.50 | 0.32 | 1.00 | 0.32 | 0.33 | 0 | 2 | -0.28 | -0.02 | 60.78 | 58.00 | 10/23/2026 | No | 10 | 62 | None | |
| T | AT&T Inc | Options Chain | 0.43 | 0.60 | 0.16 | 0.50 | 0.32 | 0.31 | 0 | 11 | -0.25 | -0.01 | 25.60 | 23.50 | 10/23/2026 | Yes | 14 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.60 | 11.45 | 1.58 | 5.00 | 0.32 | 0.37 | 8 | 11 | -0.28 | -0.24 | 438.11 | 410.00 | 10/23/2026 | Yes | 23 | 66 |
Dividend Stock List |
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| NKE | Nike Inc - Class B | Options Chain | 1.10 | 1.23 | 0.30 | 1.00 | 0.30 | 0.43 | 43 | 209 | -0.30 | -0.02 | 38.10 | 35.00 | 10/23/2026 | Yes | 13 | 59 | None | |
| APA | APA Corporation | Options Chain | 0.94 | 1.42 | 0.29 | 1.00 | 0.29 | 0.44 | 0 | 3 | -0.27 | -0.03 | 43.55 | 41.00 | 10/23/2026 | No | 10 | 61 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.44 | 2.73 | 0.27 | 1.00 | 0.27 | 0.63 | 1 | 9 | -0.30 | -0.06 | 56.03 | 53.00 | 10/23/2026 | No | 8 | 52 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.95 | 2.05 | 0.67 | 2.50 | 0.27 | 0.46 | 1351 | 71 | -0.26 | -0.05 | 81.76 | 75.00 | 10/16/2026 | No | 9 | 55 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.20 | 0.26 | 1.00 | 0.26 | 0.21 | 4 | 3 | -0.25 | -0.02 | 88.40 | 84.00 | 10/23/2026 | Yes | 11 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.02 | 1.19 | 0.26 | 1.00 | 0.26 | 0.27 | 2 | 3 | -0.28 | -0.03 | 62.39 | 60.00 | 10/23/2026 | Yes | 13 | 74 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.55 | 1.05 | 0.25 | 1.00 | 0.25 | 0.43 | 1 | 10 | -0.24 | -0.02 | 35.29 | 31.00 | 10/23/2026 | Yes | 8 | 58 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 0.75 | 0.25 | 1.00 | 0.25 | 0.38 | 34 | 0 | -0.28 | -0.02 | 33.30 | 31.00 | 10/16/2026 | No | 13 | 68 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.85 | 0.25 | 1.00 | 0.25 | 0.29 | 1 | 6 | -0.29 | -0.02 | 42.28 | 40.00 | 10/16/2026 | Yes | 15 | 77 | None | |
| WMT | Walmart Inc | Options Chain | 1.65 | 1.88 | 0.25 | 1.00 | 0.25 | 0.25 | 2 | 5 | -0.29 | -0.04 | 106.05 | 102.00 | 10/23/2026 | No | 9 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.85 | 3.25 | 0.59 | 2.50 | 0.24 | 0.31 | 30 | 5 | -0.28 | -0.08 | 161.11 | 155.00 | 10/23/2026 | No | 11 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.30 | 9.15 | 1.13 | 5.00 | 0.23 | 0.35 | 7 | 22 | -0.28 | -0.16 | 400.84 | 365.00 | 10/23/2026 | No | 10 | 58 | None | |
| SYF | Synchrony Financial | Options Chain | 1.10 | 1.20 | 0.55 | 2.50 | 0.22 | 0.33 | 1 | 1 | -0.21 | -0.04 | 78.62 | 72.50 | 10/16/2026 | No | 14 | 75 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.20 | 1.40 | 0.50 | 2.50 | 0.20 | 0.33 | 39 | 12 | -0.24 | -0.04 | 84.50 | 80.00 | 10/16/2026 | No | 16 | 57 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.35 | 43 | 0 | -0.26 | -0.01 | 23.65 | 22.00 | 10/16/2026 | No | 11 | 68 | None | |
| ING | ING Groep N.V. | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.28 | 3 | 2 | -0.27 | -0.02 | 37.16 | 35.00 | 10/16/2026 | No | 10 | 62 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.80 | 0.45 | 2.50 | 0.18 | 0.37 | 12 | 0 | -0.27 | -0.02 | 37.76 | 35.00 | 10/16/2026 | Yes | 5 | 52 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.33 | 0.09 | 0.50 | 0.18 | 0.40 | 5 | 0 | -0.24 | -0.01 | 14.00 | 13.00 | 10/23/2026 | Yes | 9 | 48 | None | |
| NVO | Novo Nordisk | Options Chain | 0.71 | 1.03 | 0.17 | 1.00 | 0.17 | 0.36 | 0 | 1 | -0.25 | -0.02 | 45.16 | 42.00 | 10/23/2026 | No | 14 | 57 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.10 | 1.25 | 0.85 | 5.00 | 0.17 | 0.36 | 72 | 41 | -0.23 | -0.03 | 64.10 | 60.00 | 10/16/2026 | No | 13 | 72 | None | |
| EQNR | Equinor ASA | Options Chain | 0.55 | 0.70 | 0.15 | 1.00 | 0.15 | 0.38 | 0 | 2 | -0.29 | -0.02 | 43.55 | 41.00 | 10/16/2026 | No | 10 | 50 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.24 | 24 | 0 | -0.30 | 0.00 | 16.76 | 16.00 | 10/16/2026 | No | 9 | 57 | None |