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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.40 | 25.30 | 1.97 | 5.00 | 0.39 | 0.74 | 4 | 2 | -0.30 | -0.43 | 405.80 | 380.00 | 7/31/2026 | No | 14 | 57 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.67 | 0.92 | 0.39 | 1.00 | 0.39 | 0.28 | 22 | 4 | -0.24 | -0.01 | 46.74 | 43.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.45 | 9.70 | 1.73 | 5.00 | 0.35 | 0.47 | 0 | 17 | -0.29 | -0.19 | 270.92 | 245.00 | 7/31/2026 | Yes | 13 | 70 | None | |
| DOW | Dow Inc | Options Chain | 0.80 | 1.29 | 0.34 | 1.00 | 0.34 | 0.50 | 0 | 1 | -0.27 | -0.02 | 32.50 | 30.00 | 7/31/2026 | Yes | 6 | 50 | None | |
| F | Ford Motor Company | Options Chain | 0.35 | 0.53 | 0.17 | 0.50 | 0.34 | 0.47 | 45 | 2 | -0.28 | -0.01 | 13.96 | 13.00 | 7/31/2026 | Yes | 9 | 47 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.80 | 14.05 | 1.68 | 5.00 | 0.34 | 0.49 | 33 | 70 | -0.29 | -0.28 | 376.71 | 365.00 | 7/31/2026 | No | 10 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.95 | 1.27 | 0.31 | 1.00 | 0.31 | 0.22 | 36 | 2 | -0.28 | -0.03 | 79.93 | 77.00 | 7/31/2026 | Yes | 9 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 6.55 | 7.50 | 1.53 | 5.00 | 0.31 | 0.53 | 26 | 59 | -0.30 | -0.15 | 188.33 | 170.00 | 7/31/2026 | No | 9 | 66 | None | |
| GLW | Corning Inc | Options Chain | 9.15 | 10.15 | 0.75 | 2.50 | 0.30 | 0.77 | 1 | 7 | -0.29 | -0.20 | 175.40 | 157.50 | 7/31/2026 | No | 8 | 52 | None | |
| HPQ | HP Inc | Options Chain | 0.57 | 0.80 | 0.15 | 0.50 | 0.30 | 0.47 | 2 | 2 | -0.27 | -0.02 | 24.27 | 21.50 | 7/31/2026 | No | 14 | 54 | None | |
| MS | Morgan Stanley | Options Chain | 2.67 | 6.50 | 1.47 | 5.00 | 0.29 | 0.36 | 0 | 3 | -0.24 | -0.11 | 224.96 | 210.00 | 7/31/2026 | Yes | 10 | 75 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.63 | 3.35 | 1.43 | 5.00 | 0.29 | 0.30 | 30 | 32 | -0.30 | -0.07 | 141.80 | 135.00 | 7/31/2026 | Yes | 11 | 71 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.50 | 3.10 | 0.28 | 1.00 | 0.28 | 0.37 | 7 | 0 | -0.28 | -0.06 | 119.52 | 110.00 | 7/31/2026 | No | 9 | 62 | None | |
| VST | Vistra Corp | Options Chain | 4.25 | 5.60 | 1.35 | 5.00 | 0.27 | 0.51 | 12 | 11 | -0.26 | -0.12 | 158.83 | 145.00 | 7/31/2026 | No | 9 | 62 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.53 | 1.00 | 0.27 | 1.00 | 0.27 | 0.33 | 9 | 50 | -0.25 | -0.03 | 42.58 | 40.00 | 7/31/2026 | No | 7 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.70 | 17.40 | 1.27 | 5.00 | 0.25 | 0.49 | 1 | 17 | -0.30 | -0.33 | 425.83 | 405.00 | 7/31/2026 | Yes | 22 | 66 |
Dividend Stock List |
|
| CRM | Salesforce Inc | Options Chain | 3.90 | 4.90 | 1.26 | 5.00 | 0.25 | 0.42 | 39 | 40 | -0.29 | -0.10 | 161.83 | 145.00 | 7/31/2026 | No | 15 | 71 | None | |
| APA | APA Corporation | Options Chain | 0.85 | 1.10 | 0.25 | 1.00 | 0.25 | 0.47 | 0 | 4 | -0.27 | -0.02 | 34.28 | 31.00 | 7/31/2026 | No | 10 | 55 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.83 | 1.12 | 0.25 | 1.00 | 0.25 | 0.27 | 1 | 71 | -0.28 | -0.02 | 56.85 | 54.00 | 7/31/2026 | Yes | 13 | 74 | None | |
| ACN | Accenture plc - Class A | Options Chain | 2.00 | 6.60 | 1.22 | 5.00 | 0.24 | 0.51 | 0 | 15 | -0.24 | -0.10 | 166.01 | 140.00 | 7/31/2026 | Yes | 14 | 59 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.46 | 0.57 | 0.24 | 1.00 | 0.24 | 0.37 | 68 | 0 | -0.26 | -0.01 | 22.69 | 21.00 | 7/31/2026 | Yes | 12 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.82 | 3.60 | 0.24 | 1.00 | 0.24 | 0.33 | 7 | 2 | -0.29 | -0.08 | 142.75 | 137.00 | 7/31/2026 | Yes | 11 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.60 | 5.70 | 1.10 | 5.00 | 0.22 | 0.27 | 10 | 8 | -0.26 | -0.12 | 333.46 | 315.00 | 7/31/2026 | Yes | 11 | 79 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.85 | 9.35 | 1.10 | 5.00 | 0.22 | 0.37 | 192 | 279 | -0.27 | -0.22 | 378.91 | 355.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.74 | 0.22 | 1.00 | 0.22 | 0.25 | 140 | 0 | -0.30 | -0.01 | 31.33 | 30.00 | 7/31/2026 | Yes | 8 | 60 | None | |
| NVO | Novo Nordisk | Options Chain | 0.51 | 1.34 | 0.19 | 1.00 | 0.19 | 0.35 | 2 | 9 | -0.27 | -0.03 | 43.55 | 41.00 | 7/31/2026 | No | 13 | 54 | None | |
| T | AT&T Inc | Options Chain | 0.14 | 0.69 | 0.17 | 1.00 | 0.17 | 0.31 | 35 | 153 | -0.26 | -0.01 | 23.16 | 21.00 | 7/31/2026 | Yes | 8 | 61 | None |