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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 6.55 | 6.75 | 1.65 | 5.00 | 0.33 | 0.63 | 1194 | 169 | -0.28 | -0.12 | 150.96 | 135.00 | 10/16/2026 | Yes | 8 | 60 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 23.60 | 26.80 | 3.20 | 10.00 | 0.32 | 0.32 | 97 | 37 | -0.28 | -0.59 | 1,173.00 | 1,100.00 | 10/16/2026 | No | 13 | 71 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.30 | 1.90 | 0.77 | 2.50 | 0.31 | 0.41 | 2 | 3 | -0.26 | -0.03 | 63.67 | 60.00 | 10/16/2026 | No | 9 | 55 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.15 | 9.20 | 1.53 | 5.00 | 0.31 | 0.26 | 573 | 220 | -0.27 | -0.21 | 513.06 | 485.00 | 10/16/2026 | No | 14 | 72 | None | |
| GLW | Corning Inc | Options Chain | 5.45 | 5.95 | 1.52 | 5.00 | 0.30 | 0.57 | 95 | 403 | -0.28 | -0.12 | 148.64 | 135.00 | 10/16/2026 | No | 10 | 54 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.45 | 10.80 | 3.00 | 10.00 | 0.30 | 0.46 | 261 | 365 | -0.26 | -0.23 | 369.23 | 340.00 | 10/16/2026 | Yes | 10 | 62 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.70 | 2.15 | 0.70 | 2.50 | 0.28 | 0.32 | 364 | 44 | -0.30 | -0.04 | 81.68 | 77.50 | 10/16/2026 | No | 14 | 45 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.10 | 4.85 | 1.36 | 5.00 | 0.27 | 0.32 | 118 | 63 | -0.26 | -0.12 | 235.59 | 220.00 | 10/16/2026 | No | 13 | 74 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.70 | 4.10 | 1.36 | 5.00 | 0.27 | 0.20 | 389 | 394 | -0.30 | -0.07 | 265.00 | 255.00 | 10/16/2026 | No | 12 | 66 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 10.60 | 12.60 | 2.70 | 10.00 | 0.27 | 0.43 | 14 | 9 | -0.29 | -0.26 | 369.35 | 350.00 | 10/16/2026 | No | 15 | 70 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.55 | 6.20 | 1.35 | 5.00 | 0.27 | 0.25 | 42 | 123 | -0.28 | -0.12 | 357.66 | 340.00 | 10/16/2026 | Yes | 12 | 80 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 21.15 | 26.75 | 1.32 | 5.00 | 0.26 | 0.32 | 2 | 48 | -0.30 | -0.44 | 1,033.62 | 975.00 | 10/16/2026 | Yes | 11 | 67 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.59 | 1.75 | 0.65 | 2.50 | 0.26 | 0.29 | 671 | 516 | -0.28 | -0.04 | 86.69 | 82.50 | 10/16/2026 | Yes | 14 | 74 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.70 | 9.35 | 2.58 | 10.00 | 0.26 | 0.35 | 164 | 361 | -0.27 | -0.21 | 417.52 | 390.00 | 10/16/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| CRM | Salesforce Inc | Options Chain | 5.90 | 6.25 | 2.50 | 10.00 | 0.25 | 0.38 | 490 | 314 | -0.23 | -0.13 | 256.48 | 240.00 | 10/16/2026 | No | 15 | 71 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.22 | 2.40 | 1.23 | 5.00 | 0.25 | 0.46 | 400 | 176 | -0.30 | -0.05 | 76.29 | 70.00 | 10/16/2026 | No | 11 | 63 | None | |
| MDT | Medtronic Plc | Options Chain | 1.38 | 1.69 | 0.60 | 2.50 | 0.24 | 0.29 | 148 | 66 | -0.26 | -0.03 | 91.23 | 85.00 | 10/16/2026 | Yes | 12 | 65 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.76 | 1.96 | 0.60 | 2.50 | 0.24 | 0.39 | 144 | 221 | -0.26 | -0.04 | 80.18 | 72.50 | 10/16/2026 | Yes | 14 | 67 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.55 | 3.95 | 1.17 | 5.00 | 0.23 | 0.41 | 397 | 264 | -0.24 | -0.08 | 164.19 | 155.00 | 10/16/2026 | No | 10 | 63 | None | |
| MO | Altria Group Inc | Options Chain | 1.00 | 1.22 | 0.58 | 2.50 | 0.23 | 0.24 | 176 | 11 | -0.26 | -0.01 | 68.70 | 65.00 | 10/16/2026 | No | 9 | 66 | None | |
| APA | APA Corporation | Options Chain | 1.03 | 1.31 | 0.58 | 2.50 | 0.23 | 0.43 | 35 | 15 | -0.29 | -0.03 | 42.61 | 40.00 | 10/16/2026 | No | 10 | 61 | None | |
| EQNR | Equinor ASA | Options Chain | 0.65 | 1.00 | 0.23 | 1.00 | 0.23 | 0.36 | 14 | 1 | -0.28 | -0.02 | 41.25 | 40.00 | 10/16/2026 | No | 11 | 58 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.19 | 13 | 0 | -0.29 | -0.01 | 44.08 | 42.00 | 10/16/2026 | No | 8 | 56 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.04 | 2.43 | 1.13 | 5.00 | 0.23 | 0.30 | 186 | 164 | -0.29 | -0.05 | 109.93 | 105.00 | 10/16/2026 | No | 11 | 63 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.48 | 1.78 | 1.11 | 5.00 | 0.22 | 0.64 | 194 | 44 | -0.22 | -0.04 | 52.56 | 45.00 | 10/16/2026 | Yes | 8 | 52 | None | |
| C | Citigroup Inc | Options Chain | 2.44 | 2.56 | 1.11 | 5.00 | 0.22 | 0.30 | 304 | 135 | -0.27 | -0.06 | 132.62 | 125.00 | 10/16/2026 | Yes | 14 | 69 | None | |
| COP | Conoco Phillips | Options Chain | 2.10 | 2.59 | 1.11 | 5.00 | 0.22 | 0.30 | 22 | 31 | -0.27 | -0.06 | 129.95 | 125.00 | 10/16/2026 | No | 10 | 70 | None | |
| PCG | PG&E Corp | Options Chain | 0.30 | 0.34 | 0.22 | 1.00 | 0.22 | 0.45 | 1806 | 57 | -0.24 | -0.01 | 16.64 | 12.00 | 10/16/2026 | No | 9 | 50 | None | |
| VST | Vistra Corp | Options Chain | 2.72 | 2.93 | 1.09 | 5.00 | 0.22 | 0.41 | 181 | 108 | -0.23 | -0.08 | 137.09 | 125.00 | 10/16/2026 | No | 8 | 54 | None | |
| NVO | Novo Nordisk | Options Chain | 0.89 | 0.94 | 0.53 | 2.50 | 0.21 | 0.34 | 468 | 2008 | -0.26 | -0.02 | 45.60 | 42.50 | 10/16/2026 | No | 14 | 58 | None | |
| TGT | Target Corp | Options Chain | 2.22 | 2.51 | 1.05 | 5.00 | 0.21 | 0.30 | 31 | 29 | -0.22 | -0.07 | 163.18 | 150.00 | 10/16/2026 | No | 14 | 72 | None | |
| CVX | Chevron Corp | Options Chain | 2.67 | 3.05 | 1.05 | 5.00 | 0.21 | 0.26 | 316 | 232 | -0.26 | -0.08 | 204.35 | 195.00 | 10/16/2026 | No | 11 | 69 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.42 | 0.55 | 0.21 | 1.00 | 0.21 | 0.17 | 7 | 1 | -0.30 | -0.01 | 39.00 | 38.00 | 10/16/2026 | No | 9 | 58 | None | |
| TTE | TotalEnergies SE | Options Chain | 1.00 | 1.25 | 0.50 | 2.50 | 0.20 | 0.26 | 0 | 3 | -0.22 | -0.02 | 86.33 | 82.50 | 10/16/2026 | No | 13 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.89 | 1.00 | 0.50 | 2.50 | 0.20 | 0.19 | 217 | 193 | -0.26 | -0.02 | 89.75 | 85.00 | 10/16/2026 | No | 11 | 67 | None | |
| HAL | Halliburton Company | Options Chain | 0.61 | 0.76 | 0.20 | 1.00 | 0.20 | 0.34 | 8 | 55 | -0.24 | -0.01 | 36.77 | 34.00 | 10/16/2026 | No | 10 | 48 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.80 | 0.20 | 1.00 | 0.20 | 0.27 | 5 | 0 | -0.27 | -0.01 | 42.18 | 40.00 | 10/16/2026 | Yes | 15 | 77 | None | |
| GM | General Motors Company | Options Chain | 1.21 | 1.41 | 0.49 | 2.50 | 0.20 | 0.32 | 53 | 59 | -0.23 | -0.04 | 86.10 | 80.00 | 10/16/2026 | No | 9 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 1.27 | 1.48 | 0.97 | 5.00 | 0.19 | 0.50 | 32 | 32 | -0.24 | -0.03 | 50.74 | 45.00 | 10/16/2026 | Yes | 17 | 52 | None | |
| SLB | SLB | Options Chain | 1.01 | 1.14 | 0.48 | 2.50 | 0.19 | 0.36 | 132 | 89 | -0.23 | -0.03 | 57.33 | 55.00 | 10/16/2026 | Yes | 7 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.06 | 2.33 | 0.94 | 5.00 | 0.19 | 0.29 | 375 | 950 | -0.23 | -0.06 | 156.44 | 150.00 | 10/16/2026 | No | 11 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.86 | 0.95 | 0.47 | 2.50 | 0.19 | 0.34 | 61 | 19 | -0.28 | -0.02 | 47.48 | 45.00 | 10/16/2026 | No | 10 | 57 | None | |
| EIX | Edison International | Options Chain | 1.45 | 1.75 | 0.47 | 2.50 | 0.19 | 0.41 | 1357 | 423 | -0.28 | -0.03 | 70.69 | 50.00 | 10/16/2026 | No | 10 | 63 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.90 | 0.47 | 2.50 | 0.19 | 0.25 | 32 | 11 | -0.29 | -0.02 | 50.43 | 47.50 | 10/16/2026 | Yes | 15 | 76 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.79 | 0.82 | 0.46 | 2.50 | 0.18 | 0.43 | 1507 | 159 | -0.22 | -0.02 | 39.55 | 35.00 | 10/16/2026 | Yes | 14 | 59 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.70 | 0.18 | 1.00 | 0.18 | 0.39 | 32 | 1 | -0.23 | -0.01 | 31.66 | 29.00 | 10/16/2026 | No | 13 | 68 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.75 | 0.95 | 0.43 | 2.50 | 0.17 | 0.33 | 1052 | 35 | -0.21 | -0.02 | 59.23 | 55.00 | 10/16/2026 | No | 10 | 55 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.58 | 0.17 | 1.00 | 0.17 | 0.23 | 99 | 93 | -0.24 | -0.01 | 50.10 | 47.00 | 10/16/2026 | No | 8 | 65 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.10 | 1.25 | 0.83 | 5.00 | 0.17 | 0.28 | 391 | 382 | -0.24 | -0.02 | 73.73 | 70.00 | 10/16/2026 | No | 8 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.24 | 1.29 | 0.83 | 5.00 | 0.17 | 0.22 | 941 | 411 | -0.25 | -0.04 | 103.09 | 100.00 | 10/16/2026 | No | 8 | 56 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.35 | 1.85 | 0.80 | 5.00 | 0.16 | 0.19 | 490 | 189 | -0.27 | -0.05 | 143.78 | 140.00 | 10/16/2026 | No | 8 | 65 | None | |
| BG | Bunge Global SA | Options Chain | 1.10 | 2.95 | 0.78 | 5.00 | 0.16 | 0.29 | 12 | 6 | -0.28 | -0.06 | 115.30 | 110.00 | 10/16/2026 | No | 11 | 71 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.63 | 0.78 | 0.39 | 2.50 | 0.16 | 0.40 | 76 | 18 | -0.22 | -0.02 | 39.64 | 35.00 | 10/16/2026 | No | 13 | 61 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.05 | 1.40 | 0.75 | 5.00 | 0.15 | 0.37 | 94 | 3 | -0.23 | -0.03 | 64.59 | 60.00 | 10/16/2026 | No | 13 | 72 | None | |
| CTVA | Corteva Inc | Options Chain | 1.30 | 1.55 | 0.75 | 5.00 | 0.15 | 0.29 | 0 | 212 | -0.26 | -0.04 | 83.90 | 80.00 | 10/16/2026 | No | 12 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.26 | 0.15 | 1.00 | 0.15 | 0.32 | 174 | 49 | -0.24 | -0.01 | 13.89 | 13.00 | 10/16/2026 | No | 9 | 48 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.30 | 7 | 0 | -0.25 | -0.01 | 26.91 | 25.00 | 10/16/2026 | No | 17 | 62 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.20 | 0.90 | 0.15 | 1.00 | 0.15 | 0.21 | 0 | 3 | -0.26 | -0.02 | 42.76 | 41.00 | 10/16/2026 | No | 15 | 60 | None |