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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.35 | 1.95 | 0.95 | 2.50 | 0.38 | 0.55 | 98 | 47 | -0.29 | -0.03 | 38.73 | 37.50 | 8/21/2026 | Yes | 14 | 57 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.50 | 0.75 | 0.37 | 1.00 | 0.37 | 0.24 | 5 | 0 | -0.30 | -0.01 | 36.76 | 35.00 | 8/21/2026 | Yes | 12 | 66 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 26.05 | 28.15 | 3.67 | 10.00 | 0.37 | 0.79 | 66 | 21 | -0.29 | -0.45 | 431.46 | 380.00 | 8/21/2026 | No | 11 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 10.60 | 11.55 | 1.83 | 5.00 | 0.37 | 0.50 | 91 | 86 | -0.30 | -0.18 | 281.21 | 265.00 | 8/21/2026 | Yes | 10 | 63 | None | |
| VST | Vistra Corp | Options Chain | 6.15 | 7.35 | 1.82 | 5.00 | 0.36 | 0.57 | 140 | 169 | -0.29 | -0.11 | 153.16 | 140.00 | 8/21/2026 | Yes | 8 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 17.45 | 19.15 | 3.27 | 10.00 | 0.33 | 0.53 | 554 | 731 | -0.29 | -0.32 | 444.23 | 410.00 | 8/21/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 11.70 | 12.00 | 1.62 | 5.00 | 0.32 | 0.41 | 1325 | 906 | -0.29 | -0.23 | 375.28 | 360.00 | 8/21/2026 | Yes | 15 | 72 | None | |
| HD | Home Depot Inc | Options Chain | 7.10 | 8.40 | 1.62 | 5.00 | 0.32 | 0.29 | 60 | 21 | -0.29 | -0.15 | 352.68 | 335.00 | 8/21/2026 | Yes | 8 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.73 | 0.85 | 0.30 | 1.00 | 0.30 | 0.29 | 664 | 847 | -0.26 | -0.01 | 41.99 | 39.00 | 8/21/2026 | Yes | 9 | 64 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 6.50 | 6.90 | 1.45 | 5.00 | 0.29 | 0.57 | 17 | 30 | -0.26 | -0.13 | 177.28 | 155.00 | 8/21/2026 | Yes | 8 | 58 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.30 | 13.20 | 2.82 | 10.00 | 0.28 | 0.48 | 94 | 397 | -0.28 | -0.25 | 378.35 | 340.00 | 8/21/2026 | No | 10 | 62 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.40 | 0.28 | 1.00 | 0.28 | 0.36 | 0 | 1 | -0.28 | -0.02 | 45.90 | 43.00 | 8/21/2026 | Yes | 15 | 74 | None | |
| HAL | Halliburton Company | Options Chain | 0.87 | 0.98 | 0.28 | 1.00 | 0.28 | 0.38 | 12 | 1 | -0.29 | -0.02 | 33.95 | 31.00 | 8/21/2026 | Yes | 10 | 48 | None | |
| CRM | Salesforce Inc | Options Chain | 4.45 | 4.60 | 1.33 | 5.00 | 0.27 | 0.43 | 192 | 338 | -0.26 | -0.10 | 156.66 | 150.00 | 8/21/2026 | No | 15 | 71 | None | |
| TGT | Target Corp | Options Chain | 3.45 | 3.75 | 1.30 | 5.00 | 0.26 | 0.42 | 144 | 36 | -0.27 | -0.06 | 130.29 | 120.00 | 8/21/2026 | Yes | 12 | 63 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.15 | 2.45 | 0.65 | 2.50 | 0.26 | 0.37 | 2 | 2 | -0.29 | -0.04 | 83.31 | 77.50 | 8/21/2026 | Yes | 11 | 24 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.65 | 10.20 | 2.58 | 10.00 | 0.26 | 0.35 | 56 | 38 | -0.27 | -0.22 | 426.54 | 400.00 | 8/21/2026 | Yes | 10 | 58 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.35 | 2.45 | 1.28 | 5.00 | 0.26 | 0.56 | 99 | 224 | -0.28 | -0.04 | 62.89 | 55.00 | 8/21/2026 | Yes | 10 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.92 | 1.00 | 0.63 | 2.50 | 0.25 | 0.48 | 374 | 14 | -0.29 | -0.02 | 27.36 | 25.00 | 8/21/2026 | Yes | 6 | 52 | None | |
| V | Visa Inc - Class A | Options Chain | 5.80 | 6.85 | 1.25 | 5.00 | 0.25 | 0.26 | 34 | 31 | -0.28 | -0.12 | 351.08 | 335.00 | 8/21/2026 | Yes | 10 | 64 | None | |
| CLX | Clorox Company | Options Chain | 2.30 | 2.95 | 1.25 | 5.00 | 0.25 | 0.38 | 13 | 22 | -0.29 | -0.04 | 95.05 | 90.00 | 8/21/2026 | Yes | 11 | 47 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.35 | 6.80 | 1.25 | 5.00 | 0.25 | 0.26 | 50 | 30 | -0.30 | -0.12 | 327.33 | 320.00 | 8/21/2026 | Yes | 12 | 77 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.58 | 0.65 | 0.25 | 1.00 | 0.25 | 0.40 | 67 | 26 | -0.27 | -0.01 | 24.62 | 22.00 | 8/21/2026 | Yes | 16 | 60 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 3.30 | 3.55 | 1.23 | 5.00 | 0.25 | 0.49 | 27 | 47 | -0.25 | -0.07 | 117.46 | 105.00 | 8/21/2026 | Yes | 9 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.70 | 0.23 | 1.00 | 0.23 | 0.30 | 0 | 200 | -0.26 | -0.01 | 30.80 | 29.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| MO | Altria Group Inc | Options Chain | 1.01 | 1.10 | 0.57 | 2.50 | 0.23 | 0.26 | 224 | 60 | -0.25 | -0.03 | 71.54 | 67.50 | 8/21/2026 | Yes | 12 | 67 | None | |
| APD | Air Products & Chemicals Inc | Options Chain | 5.10 | 7.90 | 2.25 | 10.00 | 0.23 | 0.30 | 2 | 7 | -0.29 | -0.14 | 296.82 | 290.00 | 8/21/2026 | Yes | 6 | 66 | None | |
| GM | General Motors Company | Options Chain | 1.97 | 2.13 | 1.12 | 5.00 | 0.22 | 0.40 | 72 | 74 | -0.27 | -0.04 | 77.08 | 70.00 | 8/21/2026 | Yes | 9 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.05 | 1.15 | 0.54 | 2.50 | 0.22 | 0.31 | 90 | 92 | -0.26 | -0.02 | 57.62 | 52.50 | 8/21/2026 | Yes | 11 | 53 | None | |
| T | AT&T Inc | Options Chain | 0.43 | 0.47 | 0.21 | 1.00 | 0.21 | 0.33 | 315 | 360 | -0.26 | -0.01 | 20.48 | 19.00 | 8/21/2026 | Yes | 12 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.44 | 0.54 | 0.21 | 1.00 | 0.21 | 0.24 | 4 | 4 | -0.26 | -0.01 | 31.72 | 30.00 | 8/21/2026 | Yes | 8 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.48 | 1.63 | 0.52 | 2.50 | 0.21 | 0.31 | 89 | 821 | -0.25 | -0.03 | 85.94 | 80.00 | 8/21/2026 | Yes | 9 | 64 | None | |
| C | Citigroup Inc | Options Chain | 2.67 | 2.85 | 1.02 | 5.00 | 0.20 | 0.34 | 321 | 164 | -0.25 | -0.06 | 139.79 | 130.00 | 8/21/2026 | Yes | 12 | 77 | None | |
| OKE | Oneok Inc | Options Chain | 1.65 | 1.85 | 1.00 | 5.00 | 0.20 | 0.30 | 117 | 119 | -0.26 | -0.02 | 85.73 | 80.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.80 | 0.50 | 2.50 | 0.20 | 0.29 | 147 | 96 | -0.25 | -0.01 | 34.80 | 35.00 | 8/21/2026 | Yes | 8 | 52 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.70 | 0.20 | 1.00 | 0.20 | 0.40 | 67 | 1 | -0.25 | -0.01 | 26.58 | 25.00 | 8/21/2026 | Yes | 14 | 52 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.25 | 0.35 | 0.20 | 1.00 | 0.20 | 0.42 | 368 | 0 | -0.27 | -0.01 | 11.15 | 10.00 | 8/21/2026 | Yes | 19 | 62 | None | |
| BBD | Banco Bradesco S.A. | Options Chain | 0.00 | 0.30 | 0.10 | 0.50 | 0.20 | 1.05 | 2 | 2 | -0.24 | 0.00 | 3.50 | 3.00 | 8/21/2026 | Yes | 15 | 49 | None | |
| FAST | Fastenal Company | Options Chain | 0.90 | 1.25 | 0.48 | 2.50 | 0.19 | 0.32 | 6 | 1 | -0.29 | -0.02 | 48.03 | 45.00 | 8/21/2026 | Yes | 14 | 54 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.45 | 0.18 | 1.00 | 0.18 | 0.44 | 0 | 20 | -0.22 | -0.01 | 17.93 | 16.00 | 8/21/2026 | Yes | 7 | 53 | None | |
| AA | Alcoa Corp | Options Chain | 1.23 | 1.36 | 0.86 | 5.00 | 0.17 | 0.61 | 260 | 126 | -0.20 | -0.03 | 51.46 | 40.00 | 8/21/2026 | Yes | 13 | 54 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.27 | 0.17 | 1.00 | 0.17 | 0.43 | 509 | 1 | -0.20 | -0.01 | 13.90 | 12.00 | 8/21/2026 | Yes | 8 | 47 | None | |
| EXC | Exelon Corp | Options Chain | 0.25 | 1.05 | 0.17 | 1.00 | 0.17 | 0.23 | 1 | 0 | -0.26 | -0.01 | 46.62 | 44.00 | 8/21/2026 | Yes | 11 | 65 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.82 | 0.85 | 0.41 | 2.50 | 0.16 | 0.26 | 858 | 912 | -0.23 | -0.02 | 57.01 | 55.00 | 8/21/2026 | Yes | 10 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.69 | 1.81 | 0.80 | 5.00 | 0.16 | 0.29 | 103 | 206 | -0.20 | -0.04 | 136.28 | 125.00 | 8/21/2026 | Yes | 11 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 0.88 | 0.94 | 0.40 | 2.50 | 0.16 | 0.21 | 95 | 35 | -0.24 | -0.03 | 81.29 | 77.50 | 8/21/2026 | Yes | 9 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.42 | 1.51 | 0.79 | 5.00 | 0.16 | 0.31 | 18894 | 468 | -0.20 | -0.04 | 108.82 | 100.00 | 8/21/2026 | Yes | 10 | 57 | None | |
| APA | APA Corporation | Options Chain | 0.54 | 0.67 | 0.39 | 2.50 | 0.16 | 0.47 | 8 | 8 | -0.18 | -0.01 | 32.58 | 27.50 | 8/21/2026 | Yes | 15 | 64 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 4 | -0.26 | -0.01 | 23.25 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None |