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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | HP Inc | Options Chain | 0.93 | 1.42 | 0.31 | 0.50 | 0.62 | 0.55 | 2 | 0 | -0.30 | -0.02 | 29.96 | 27.50 | 10/2/2026 | Yes | 12 | 45 | None | |
| CSX | CSX Corp | Options Chain | 0.50 | 1.30 | 0.47 | 1.00 | 0.47 | 0.27 | 20 | 0 | -0.27 | -0.02 | 50.24 | 48.00 | 10/2/2026 | No | 8 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.55 | 9.95 | 2.12 | 5.00 | 0.42 | 0.30 | 0 | 2 | -0.30 | -0.16 | 393.93 | 375.00 | 10/2/2026 | No | 10 | 58 | None | |
| TJX | TJX Companies Inc | Options Chain | 2.45 | 3.40 | 2.10 | 5.00 | 0.42 | 0.28 | 7 | 7 | -0.28 | -0.08 | 150.85 | 145.00 | 10/2/2026 | Yes | 14 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.60 | 5.85 | 1.93 | 5.00 | 0.39 | 0.22 | 0 | 5 | -0.28 | -0.13 | 363.25 | 350.00 | 10/2/2026 | No | 13 | 79 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.75 | 10.00 | 1.88 | 5.00 | 0.38 | 0.35 | 78 | 9 | -0.29 | -0.21 | 413.41 | 390.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| PCG | PG&E Corp | Options Chain | 0.29 | 0.87 | 0.18 | 0.50 | 0.36 | 0.47 | 165 | 150 | -0.30 | -0.01 | 17.82 | 16.50 | 10/2/2026 | No | 13 | 61 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.15 | 14.50 | 1.73 | 5.00 | 0.35 | 0.47 | 38 | 42 | -0.30 | -0.27 | 380.00 | 355.00 | 10/2/2026 | Yes | 12 | 64 | None | |
| CVX | Chevron Corp | Options Chain | 2.70 | 4.55 | 1.68 | 5.00 | 0.34 | 0.26 | 123 | 18 | -0.27 | -0.05 | 203.09 | 195.00 | 10/2/2026 | No | 13 | 77 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.59 | 3.60 | 0.83 | 2.50 | 0.33 | 0.29 | 34 | 15 | -0.28 | -0.07 | 165.56 | 157.50 | 10/2/2026 | No | 13 | 73 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.96 | 2.43 | 0.33 | 1.00 | 0.33 | 0.46 | 1 | 0 | -0.30 | -0.04 | 66.32 | 62.00 | 10/2/2026 | No | 13 | 63 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.00 | 1.30 | 0.32 | 1.00 | 0.32 | 0.44 | 67 | 21 | -0.28 | -0.02 | 40.06 | 37.00 | 10/2/2026 | Yes | 13 | 59 | None | |
| VST | Vistra Corp | Options Chain | 4.10 | 4.50 | 1.48 | 5.00 | 0.30 | 0.45 | 17 | 39 | -0.29 | -0.09 | 140.52 | 130.00 | 10/2/2026 | No | 8 | 54 | None | |
| ORCL | Oracle Corp | Options Chain | 6.10 | 6.80 | 1.47 | 5.00 | 0.29 | 0.63 | 20 | 18 | -0.29 | -0.13 | 142.79 | 130.00 | 10/2/2026 | Yes | 9 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.83 | 1.30 | 0.29 | 1.00 | 0.29 | 0.34 | 9 | 0 | -0.29 | -0.02 | 47.83 | 45.00 | 10/2/2026 | No | 13 | 66 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.03 | 1.27 | 0.28 | 1.00 | 0.28 | 0.32 | 24 | 0 | -0.27 | -0.02 | 59.80 | 56.00 | 10/2/2026 | No | 10 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.20 | 2.01 | 0.28 | 1.00 | 0.28 | 0.26 | 0 | 16 | -0.29 | -0.03 | 87.40 | 84.00 | 10/2/2026 | No | 15 | 74 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.35 | 5.00 | 1.36 | 5.00 | 0.27 | 0.23 | 5 | 11 | -0.29 | -0.08 | 262.80 | 260.00 | 10/2/2026 | No | 8 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.47 | 1.83 | 0.27 | 1.00 | 0.27 | 0.29 | 5 | 0 | -0.25 | -0.02 | 64.63 | 62.00 | 10/2/2026 | No | 16 | 70 | None | |
| EQT | EQT Corp | Options Chain | 0.32 | 1.07 | 0.27 | 1.00 | 0.27 | 0.23 | 0 | 3 | -0.29 | -0.03 | 53.14 | 51.00 | 10/2/2026 | No | 15 | 69 | None | |
| CRM | Salesforce Inc | Options Chain | 4.90 | 6.20 | 1.32 | 5.00 | 0.26 | 0.47 | 13 | 0 | -0.26 | -0.13 | 196.14 | 180.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| GLW | Corning Inc | Options Chain | 6.65 | 7.85 | 1.30 | 5.00 | 0.26 | 0.64 | 9 | 23 | -0.29 | -0.15 | 173.25 | 145.00 | 10/2/2026 | No | 8 | 52 | None | |
| T | AT&T Inc | Options Chain | 0.35 | 0.64 | 0.13 | 0.50 | 0.26 | 0.27 | 3 | 7 | -0.30 | -0.01 | 24.90 | 24.00 | 10/2/2026 | No | 11 | 60 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 3.90 | 5.90 | 1.25 | 5.00 | 0.25 | 0.33 | 6 | 8 | -0.29 | -0.12 | 215.64 | 205.00 | 10/2/2026 | Yes | 10 | 65 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.99 | 1.30 | 0.25 | 1.00 | 0.25 | 0.38 | 9 | 0 | -0.30 | -0.02 | 43.44 | 40.00 | 10/2/2026 | No | 10 | 54 | None | |
| HD | Home Depot Inc | Options Chain | 3.05 | 6.10 | 1.21 | 5.00 | 0.24 | 0.25 | 21 | 38 | -0.25 | -0.12 | 339.18 | 320.00 | 10/2/2026 | Yes | 6 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 0.69 | 1.01 | 0.24 | 1.00 | 0.24 | 0.32 | 0 | 1 | -0.25 | -0.02 | 45.71 | 43.00 | 10/2/2026 | No | 11 | 49 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.48 | 0.53 | 0.12 | 0.50 | 0.24 | 0.29 | 5 | 0 | -0.30 | -0.01 | 24.82 | 23.50 | 10/2/2026 | No | 7 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.78 | 0.91 | 0.23 | 1.00 | 0.23 | 0.39 | 8 | 2 | -0.29 | -0.01 | 31.40 | 29.00 | 10/2/2026 | No | 8 | 56 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.35 | 5.15 | 1.09 | 5.00 | 0.22 | 0.44 | 7 | 8 | -0.24 | -0.08 | 162.21 | 145.00 | 10/2/2026 | No | 10 | 63 | None | |
| COP | Conoco Phillips | Options Chain | 2.34 | 3.10 | 0.21 | 1.00 | 0.21 | 0.30 | 0 | 1 | -0.30 | -0.06 | 129.72 | 124.00 | 10/2/2026 | No | 12 | 78 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.43 | 0.60 | 0.20 | 1.00 | 0.20 | 0.23 | 47 | 5 | -0.24 | -0.02 | 48.54 | 46.00 | 10/2/2026 | No | 10 | 73 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.87 | 2.33 | 0.90 | 5.00 | 0.18 | 0.27 | 3 | 33 | -0.25 | -0.04 | 111.61 | 105.00 | 10/2/2026 | No | 8 | 58 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.25 | 18.00 | 0.85 | 5.00 | 0.17 | 0.23 | 12 | 6 | -0.30 | -0.40 | 961.35 | 930.00 | 10/2/2026 | Yes | 14 | 58 | None | |
| KO | Coca-Cola Company | Options Chain | 0.72 | 0.96 | 0.16 | 1.00 | 0.16 | 0.18 | 31 | 11 | -0.25 | -0.02 | 87.00 | 85.00 | 10/2/2026 | No | 11 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.11 | 0.24 | 0.08 | 0.50 | 0.16 | 0.28 | 25 | 1 | -0.21 | -0.01 | 13.93 | 13.00 | 10/2/2026 | No | 9 | 48 | None |