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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.06 | 2.01 | 0.86 | 1.00 | 0.86 | 0.38 | 4 | 16 | -0.29 | -0.03 | 60.97 | 57.00 | 8/28/2026 | Yes | 15 | 61 | None | |
| MDT | Medtronic Plc | Options Chain | 1.21 | 1.69 | 0.53 | 1.00 | 0.53 | 0.28 | 4 | 0 | -0.29 | -0.04 | 83.20 | 80.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.49 | 3.70 | 0.49 | 1.00 | 0.49 | 0.32 | 2 | 96 | -0.30 | -0.07 | 148.36 | 141.00 | 8/28/2026 | Yes | 9 | 64 | None | |
| VST | Vistra Corp | Options Chain | 5.15 | 6.85 | 2.32 | 5.00 | 0.46 | 0.59 | 2 | 3 | -0.28 | -0.14 | 157.99 | 145.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.81 | 2.80 | 0.40 | 1.00 | 0.40 | 0.80 | 3 | 6 | -0.27 | -0.06 | 45.81 | 40.00 | 8/28/2026 | No | 10 | 53 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 23.40 | 25.90 | 1.95 | 5.00 | 0.39 | 0.87 | 13 | 7 | -0.30 | -0.51 | 408.46 | 345.00 | 8/28/2026 | Yes | 11 | 52 | None | |
| GLW | Corning Inc | Options Chain | 8.70 | 11.45 | 1.90 | 5.00 | 0.38 | 0.96 | 4 | 5 | -0.28 | -0.23 | 154.00 | 135.00 | 8/28/2026 | Yes | 10 | 54 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.88 | 1.12 | 0.38 | 1.00 | 0.38 | 0.37 | 7 | 15 | -0.29 | -0.02 | 43.79 | 41.00 | 8/28/2026 | No | 13 | 58 | None | |
| TGT | Target Corp | Options Chain | 3.40 | 4.10 | 0.37 | 1.00 | 0.37 | 0.42 | 1 | 0 | -0.29 | -0.07 | 139.59 | 130.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| MO | Altria Group Inc | Options Chain | 1.13 | 1.61 | 0.35 | 1.00 | 0.35 | 0.29 | 1 | 3 | -0.30 | -0.04 | 74.06 | 71.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.10 | 9.85 | 1.68 | 5.00 | 0.34 | 0.31 | 7 | 7 | -0.30 | -0.22 | 421.55 | 405.00 | 8/28/2026 | No | 11 | 58 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.20 | 15.80 | 1.65 | 5.00 | 0.33 | 0.23 | 2 | 57 | -0.30 | -0.37 | 940.87 | 905.00 | 8/28/2026 | No | 15 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.50 | 1.62 | 5.00 | 0.32 | 0.69 | 116 | 108 | -0.28 | -0.13 | 121.38 | 110.00 | 8/28/2026 | No | 12 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.24 | 1.50 | 0.32 | 1.00 | 0.32 | 0.28 | 25 | 26 | -0.28 | -0.04 | 86.33 | 82.00 | 8/28/2026 | No | 14 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.20 | 11.50 | 1.55 | 5.00 | 0.31 | 0.43 | 24 | 27 | -0.29 | -0.25 | 402.29 | 375.00 | 8/28/2026 | Yes | 12 | 65 | None | |
| APA | APA Corporation | Options Chain | 0.93 | 1.32 | 0.31 | 1.00 | 0.31 | 0.52 | 0 | 4 | -0.28 | -0.02 | 35.22 | 32.00 | 8/28/2026 | Yes | 10 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.55 | 16.00 | 1.48 | 5.00 | 0.30 | 0.54 | 4 | 15 | -0.30 | -0.35 | 397.72 | 375.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 12.45 | 13.80 | 1.45 | 5.00 | 0.29 | 0.53 | 15 | 36 | -0.29 | -0.32 | 370.14 | 350.00 | 8/28/2026 | No | 13 | 64 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.67 | 2.54 | 0.29 | 1.00 | 0.29 | 0.34 | 1 | 0 | -0.28 | -0.05 | 101.68 | 97.00 | 8/28/2026 | Yes | 12 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.35 | 9.95 | 1.42 | 5.00 | 0.28 | 0.72 | 1 | 3 | -0.30 | -0.19 | 170.32 | 155.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.94 | 1.20 | 0.28 | 1.00 | 0.28 | 0.41 | 0 | 29 | -0.27 | -0.03 | 43.92 | 41.00 | 8/28/2026 | Yes | 10 | 60 | None | |
| AA | Alcoa Corp | Options Chain | 1.42 | 1.95 | 0.28 | 1.00 | 0.28 | 0.59 | 13 | 0 | -0.29 | -0.04 | 44.02 | 40.00 | 8/28/2026 | No | 17 | 45 | None | |
| CRM | Salesforce Inc | Options Chain | 3.85 | 5.50 | 1.38 | 5.00 | 0.28 | 0.48 | 2 | 7 | -0.26 | -0.14 | 170.34 | 160.00 | 8/28/2026 | No | 15 | 71 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.15 | 6.20 | 1.35 | 5.00 | 0.27 | 0.48 | 25 | 62 | -0.26 | -0.13 | 212.44 | 195.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 1.03 | 1.29 | 0.27 | 1.00 | 0.27 | 0.23 | 18 | 13 | -0.29 | -0.03 | 82.12 | 79.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.45 | 4.45 | 1.33 | 5.00 | 0.27 | 0.27 | 19 | 4 | -0.26 | -0.12 | 267.75 | 255.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.80 | 0.26 | 1.00 | 0.26 | 0.31 | 5 | 35 | -0.25 | -0.02 | 43.50 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| NVO | Novo Nordisk | Options Chain | 1.16 | 1.49 | 0.26 | 1.00 | 0.26 | 0.45 | 3 | 2 | -0.28 | -0.03 | 49.61 | 46.00 | 8/28/2026 | Yes | 13 | 51 | None | |
| F | Ford Motor Company | Options Chain | 0.35 | 0.39 | 0.13 | 0.50 | 0.26 | 0.42 | 167 | 20 | -0.28 | -0.01 | 14.22 | 13.00 | 8/28/2026 | Yes | 9 | 47 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.40 | 4.90 | 1.27 | 5.00 | 0.25 | 0.25 | 19 | 19 | -0.30 | -0.10 | 253.48 | 240.00 | 8/28/2026 | No | 9 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 1.78 | 2.45 | 0.25 | 1.00 | 0.25 | 0.31 | 23 | 3 | -0.29 | -0.06 | 112.20 | 107.00 | 8/28/2026 | Yes | 9 | 55 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.40 | 5.75 | 1.23 | 5.00 | 0.25 | 0.26 | 18 | 8 | -0.27 | -0.15 | 342.38 | 325.00 | 8/28/2026 | No | 10 | 69 | None | |
| V | Visa Inc - Class A | Options Chain | 5.35 | 6.70 | 1.20 | 5.00 | 0.24 | 0.27 | 2 | 20 | -0.29 | -0.16 | 358.60 | 345.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| EQT | EQT Corp | Options Chain | 0.62 | 0.81 | 0.23 | 1.00 | 0.23 | 0.30 | 181 | 18 | -0.24 | -0.02 | 49.57 | 46.00 | 8/28/2026 | Yes | 17 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 0.91 | 0.23 | 1.00 | 0.23 | 0.24 | 13 | 23 | -0.27 | -0.03 | 61.28 | 58.00 | 8/28/2026 | No | 9 | 65 | None | |
| MMM | 3M Company | Options Chain | 3.00 | 5.40 | 1.11 | 5.00 | 0.22 | 0.40 | 4 | 14 | -0.30 | -0.09 | 159.11 | 150.00 | 8/28/2026 | Yes | 7 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.48 | 0.11 | 0.50 | 0.22 | 0.36 | 23 | 5 | -0.25 | -0.01 | 21.81 | 20.50 | 8/28/2026 | Yes | 9 | 61 | None | |
| CSX | CSX Corp | Options Chain | 0.75 | 1.05 | 0.20 | 1.00 | 0.20 | 0.28 | 9 | 0 | -0.30 | -0.02 | 50.75 | 48.00 | 8/28/2026 | Yes | 9 | 60 | None | |
| C | Citigroup Inc | Options Chain | 1.85 | 2.25 | 0.90 | 5.00 | 0.18 | 0.33 | 252 | 32 | -0.24 | -0.06 | 129.36 | 120.00 | 8/28/2026 | No | 14 | 69 | None | |
| BAX | Baxter International Inc | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.51 | 30 | 0 | -0.24 | -0.02 | 22.65 | 20.00 | 8/28/2026 | Yes | 8 | 37 | None |