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 | 0.28 | 0.66 | 0.21 | 0.50 | 0.42 | 0.49 | 2 | 2 | -0.30 | -0.01 | 13.35 | 12.50 | 10/30/2026 | Yes | 10 | 49 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.79 | 1.09 | 0.40 | 1.00 | 0.40 | 0.27 | 15 | 125 | -0.28 | -0.01 | 49.76 | 46.00 | 10/30/2026 | No | 10 | 73 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.95 | 0.40 | 1.00 | 0.40 | 0.50 | 0 | 1 | -0.29 | -0.04 | 49.70 | 46.00 | 10/30/2026 | No | 19 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.55 | 1.92 | 0.34 | 1.00 | 0.34 | 0.30 | 0 | 11 | -0.28 | -0.04 | 86.89 | 83.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 1.65 | 2.50 | 0.33 | 1.00 | 0.33 | 0.41 | 14 | 3 | -0.27 | -0.04 | 79.59 | 74.00 | 10/30/2026 | No | 13 | 58 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.06 | 1.43 | 0.33 | 1.00 | 0.33 | 0.33 | 0 | 7 | -0.28 | -0.03 | 59.43 | 56.00 | 10/30/2026 | No | 10 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 5.60 | 0.32 | 1.00 | 0.32 | 0.52 | 1 | 3 | -0.29 | -0.11 | 150.25 | 139.00 | 10/30/2026 | No | 12 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.88 | 1.18 | 0.31 | 1.00 | 0.31 | 0.42 | 43 | 34 | -0.29 | -0.02 | 36.39 | 34.00 | 10/30/2026 | Yes | 14 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.40 | 10.65 | 1.53 | 5.00 | 0.31 | 0.33 | 24 | 18 | -0.30 | -0.23 | 430.26 | 410.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 4.00 | 4.70 | 1.52 | 5.00 | 0.30 | 0.43 | 14 | 78 | -0.29 | -0.10 | 143.56 | 135.00 | 10/30/2026 | No | 6 | 54 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.75 | 12.20 | 1.50 | 5.00 | 0.30 | 0.32 | 37 | 14 | -0.30 | -0.26 | 496.90 | 475.00 | 10/30/2026 | No | 14 | 72 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.85 | 7.25 | 1.45 | 5.00 | 0.29 | 0.48 | 15 | 55 | -0.28 | -0.13 | 184.84 | 175.00 | 10/30/2026 | No | 10 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 0.97 | 1.24 | 0.29 | 1.00 | 0.29 | 0.36 | 20 | 0 | -0.30 | -0.02 | 43.44 | 41.00 | 10/30/2026 | No | 14 | 57 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 2.45 | 4.10 | 1.43 | 5.00 | 0.29 | 0.27 | 15 | 2 | -0.29 | -0.07 | 194.25 | 185.00 | 10/30/2026 | No | 10 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.90 | 3.30 | 0.65 | 2.50 | 0.26 | 0.30 | 21 | 15 | -0.28 | -0.08 | 163.27 | 155.00 | 10/30/2026 | Yes | 11 | 66 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.10 | 3.50 | 1.19 | 5.00 | 0.24 | 0.22 | 21 | 111 | -0.28 | -0.10 | 249.15 | 240.00 | 10/30/2026 | No | 12 | 67 | None | |
| STM | ST Microelectronics | Options Chain | 1.55 | 2.10 | 0.20 | 1.00 | 0.20 | 0.60 | 0 | 1 | -0.27 | -0.04 | 48.55 | 44.00 | 10/30/2026 | Yes | 12 | 52 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.52 | 0.10 | 0.50 | 0.20 | 0.29 | 32 | 29 | -0.28 | -0.01 | 25.45 | 24.00 | 10/30/2026 | Yes | 11 | 58 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.71 | 2.32 | 0.19 | 1.00 | 0.19 | 0.23 | 0 | 3 | -0.29 | -0.06 | 133.84 | 129.00 | 10/30/2026 | Yes | 11 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.65 | 10.90 | 0.80 | 5.00 | 0.16 | 0.34 | 4 | 9 | -0.29 | -0.20 | 375.21 | 355.00 | 10/30/2026 | Yes | 13 | 65 | None |