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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 2.50 | 2.94 | 0.65 | 1.00 | 0.65 | 0.32 | 74 | 25 | -0.29 | -0.07 | 134.24 | 125.00 | 6/26/2026 | Yes | 7 | 58 | None | |
| QCOM | Qualcomm Inc | Options Chain | 9.40 | 11.65 | 1.35 | 2.50 | 0.54 | 0.76 | 0 | 5 | -0.30 | -0.20 | 195.98 | 182.50 | 6/26/2026 | No | 14 | 70 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.57 | 2.18 | 0.46 | 1.00 | 0.46 | 0.53 | 6 | 2 | -0.27 | -0.05 | 58.79 | 56.00 | 6/26/2026 | No | 14 | 63 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 19.45 | 23.25 | 2.15 | 5.00 | 0.43 | 0.33 | 0 | 2 | -0.30 | -0.44 | 935.25 | 935.00 | 6/26/2026 | No | 10 | 75 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.30 | 2.79 | 0.38 | 1.00 | 0.38 | 0.46 | 2 | 0 | -0.30 | -0.06 | 67.98 | 70.00 | 6/26/2026 | No | 17 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 8.35 | 9.55 | 0.90 | 2.50 | 0.36 | 0.68 | 0 | 9 | -0.30 | -0.20 | 181.19 | 172.50 | 6/26/2026 | Yes | 7 | 61 | None | |
| C | Citigroup Inc | Options Chain | 2.17 | 2.63 | 0.36 | 1.00 | 0.36 | 0.32 | 0 | 7 | -0.29 | -0.07 | 120.15 | 119.00 | 6/26/2026 | No | 15 | 79 | None | |
| APA | APA Corporation | Options Chain | 1.30 | 1.51 | 0.33 | 1.00 | 0.33 | 0.56 | 6 | 1 | -0.27 | -0.04 | 41.01 | 37.00 | 6/26/2026 | No | 15 | 62 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 10.65 | 12.95 | 1.60 | 5.00 | 0.32 | 0.75 | 15 | 4 | -0.28 | -0.30 | 236.35 | 220.00 | 6/26/2026 | Yes | 12 | 53 | None | |
| GM | General Motors Company | Options Chain | 1.58 | 1.84 | 0.32 | 1.00 | 0.32 | 0.36 | 0 | 4 | -0.29 | -0.04 | 72.63 | 72.00 | 6/26/2026 | No | 11 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.70 | 15.00 | 1.57 | 5.00 | 0.31 | 0.54 | 2 | 4 | -0.28 | -0.34 | 411.07 | 385.00 | 6/26/2026 | Yes | 12 | 64 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 3.50 | 5.10 | 1.55 | 5.00 | 0.31 | 0.33 | 1 | 4 | -0.28 | -0.11 | 218.37 | 210.00 | 6/26/2026 | Yes | 7 | 55 | None | |
| HD | Home Depot Inc | Options Chain | 4.80 | 7.05 | 1.55 | 5.00 | 0.31 | 0.30 | 19 | 3 | -0.29 | -0.11 | 302.38 | 295.00 | 6/26/2026 | Yes | 7 | 67 | None | |
| COST | Costco Wholesale Corp | Options Chain | 14.90 | 20.05 | 1.50 | 5.00 | 0.30 | 0.25 | 25 | 25 | -0.29 | -0.50 | 1,093.80 | 1,040.00 | 6/26/2026 | Yes | 14 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.93 | 1.25 | 0.30 | 1.00 | 0.30 | 0.41 | 0 | 2 | -0.26 | -0.03 | 49.61 | 45.00 | 6/26/2026 | No | 7 | 49 | None | |
| TGT | Target Corp | Options Chain | 2.13 | 3.20 | 0.29 | 1.00 | 0.29 | 0.35 | 0 | 21 | -0.30 | -0.07 | 127.24 | 116.00 | 6/26/2026 | Yes | 9 | 55 | None | |
| SLB | SLB | Options Chain | 1.14 | 1.80 | 0.29 | 1.00 | 0.29 | 0.39 | 1 | 3 | -0.30 | -0.03 | 56.62 | 54.00 | 6/26/2026 | No | 9 | 66 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.83 | 2.14 | 0.29 | 1.00 | 0.29 | 0.22 | 3 | 21 | -0.30 | -0.06 | 141.30 | 138.00 | 6/26/2026 | No | 9 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.30 | 11.00 | 1.42 | 5.00 | 0.28 | 0.43 | 7 | 16 | -0.28 | -0.26 | 393.37 | 375.00 | 6/26/2026 | No | 23 | 67 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 6.10 | 8.15 | 1.38 | 5.00 | 0.28 | 0.30 | 0 | 4 | -0.29 | -0.16 | 387.05 | 365.00 | 6/26/2026 | No | 9 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 0.71 | 1.03 | 0.27 | 1.00 | 0.27 | 0.38 | 0 | 8 | -0.26 | -0.03 | 44.28 | 42.00 | 6/26/2026 | No | 13 | 54 | None | |
| GLW | Corning Inc | Options Chain | 7.90 | 9.70 | 0.67 | 2.50 | 0.27 | 0.71 | 14 | 0 | -0.30 | -0.20 | 176.86 | 165.00 | 6/26/2026 | No | 8 | 52 | None | |
| ADI | Analog Devices Inc | Options Chain | 9.60 | 12.80 | 1.30 | 5.00 | 0.26 | 0.43 | 8 | 2 | -0.30 | -0.26 | 420.80 | 375.00 | 6/26/2026 | Yes | 11 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.81 | 1.22 | 0.26 | 1.00 | 0.26 | 0.29 | 1 | 2 | -0.29 | -0.03 | 58.32 | 56.00 | 6/26/2026 | No | 15 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.30 | 6.80 | 1.27 | 5.00 | 0.25 | 0.29 | 84 | 111 | -0.27 | -0.19 | 416.78 | 400.00 | 6/26/2026 | No | 15 | 72 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.71 | 3.60 | 1.26 | 5.00 | 0.25 | 0.31 | 38 | 28 | -0.30 | -0.09 | 162.37 | 150.00 | 6/26/2026 | No | 11 | 70 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.18 | 1.49 | 0.25 | 1.00 | 0.25 | 0.28 | 6 | 5 | -0.27 | -0.04 | 91.91 | 86.00 | 6/26/2026 | No | 16 | 69 | None | |
| VLO | Valero Energy Corp | Options Chain | 4.50 | 7.00 | 1.20 | 5.00 | 0.24 | 0.42 | 4 | 4 | -0.26 | -0.15 | 262.62 | 235.00 | 6/26/2026 | No | 13 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.65 | 5.30 | 1.20 | 5.00 | 0.24 | 0.26 | 12 | 19 | -0.28 | -0.14 | 296.25 | 290.00 | 6/26/2026 | No | 12 | 79 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.82 | 1.00 | 0.24 | 1.00 | 0.24 | 0.28 | 15 | 11 | -0.30 | -0.02 | 50.70 | 49.00 | 6/26/2026 | No | 13 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.57 | 0.76 | 0.12 | 0.50 | 0.24 | 0.56 | 2 | 1 | -0.27 | -0.01 | 21.00 | 19.00 | 6/26/2026 | Yes | 10 | 41 | None | |
| VST | Vistra Corp | Options Chain | 4.30 | 4.85 | 1.12 | 5.00 | 0.22 | 0.49 | 27 | 7 | -0.30 | -0.12 | 134.71 | 135.00 | 6/26/2026 | No | 8 | 56 | None | |
| KO | Coca-Cola Company | Options Chain | 0.79 | 1.01 | 0.22 | 1.00 | 0.22 | 0.19 | 6 | 7 | -0.30 | -0.02 | 81.95 | 79.00 | 6/26/2026 | No | 9 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.29 | 0.11 | 0.50 | 0.22 | 0.35 | 32 | 44 | -0.28 | -0.01 | 13.07 | 12.50 | 6/26/2026 | No | 9 | 50 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.36 | 0.54 | 0.10 | 0.50 | 0.20 | 0.27 | 30 | 0 | -0.30 | -0.01 | 23.38 | 22.50 | 6/26/2026 | No | 8 | 58 | None | |
| GE | General Electric Company | Options Chain | 5.30 | 6.80 | 0.95 | 5.00 | 0.19 | 0.38 | 23 | 30 | -0.26 | -0.16 | 285.79 | 280.00 | 6/26/2026 | No | 10 | 64 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.53 | 0.19 | 1.00 | 0.19 | 0.26 | 1 | 0 | -0.25 | -0.02 | 34.24 | 32.00 | 6/26/2026 | No | 9 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 0.96 | 1.33 | 0.19 | 1.00 | 0.19 | 0.29 | 2 | 5 | -0.26 | -0.04 | 74.50 | 72.00 | 6/26/2026 | No | 10 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.45 | 0.65 | 0.19 | 1.00 | 0.19 | 0.22 | 11 | 39 | -0.27 | -0.02 | 47.71 | 46.00 | 6/26/2026 | No | 13 | 73 | None | |
| MS | Morgan Stanley | Options Chain | 2.25 | 3.15 | 0.85 | 5.00 | 0.17 | 0.31 | 7 | 14 | -0.23 | -0.10 | 190.03 | 185.00 | 6/26/2026 | No | 12 | 75 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.34 | 0.64 | 0.16 | 1.00 | 0.16 | 0.22 | 4 | 0 | -0.28 | -0.02 | 39.90 | 38.00 | 6/26/2026 | No | 9 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.28 | 0.42 | 0.16 | 1.00 | 0.16 | 0.24 | 20 | 2 | -0.28 | -0.01 | 24.94 | 24.00 | 6/26/2026 | No | 9 | 60 | None |