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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 8.60 | 11.05 | 1.25 | 2.50 | 0.50 | 0.72 | 8 | 1 | -0.29 | -0.19 | 194.00 | 175.00 | 7/2/2026 | No | 8 | 52 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.04 | 2.48 | 0.42 | 1.00 | 0.42 | 0.28 | 1 | 1 | -0.30 | -0.03 | 90.17 | 85.00 | 7/2/2026 | No | 10 | 72 | None | |
| F | Ford Motor Company | Options Chain | 0.07 | 0.57 | 0.19 | 0.50 | 0.38 | 0.43 | 18 | 62 | -0.23 | -0.01 | 13.69 | 13.50 | 7/2/2026 | No | 9 | 50 | None | |
| MO | Altria Group Inc | Options Chain | 0.93 | 1.42 | 0.34 | 1.00 | 0.34 | 0.22 | 1 | 0 | -0.30 | -0.02 | 73.83 | 71.00 | 7/2/2026 | No | 8 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.00 | 1.29 | 0.33 | 1.00 | 0.33 | 0.38 | 0 | 3 | -0.26 | -0.02 | 48.35 | 46.00 | 7/2/2026 | No | 12 | 73 | None | |
| ORCL | Oracle Corp | Options Chain | 7.85 | 9.55 | 0.82 | 2.50 | 0.33 | 0.62 | 11 | 12 | -0.30 | -0.18 | 192.08 | 177.50 | 7/2/2026 | Yes | 7 | 61 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.60 | 1.43 | 0.32 | 1.00 | 0.32 | 0.27 | 1 | 0 | -0.29 | -0.03 | 59.73 | 57.00 | 7/2/2026 | No | 11 | 53 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 13.60 | 16.60 | 1.57 | 5.00 | 0.31 | 0.75 | 1 | 14 | -0.28 | -0.33 | 254.33 | 265.00 | 7/2/2026 | Yes | 12 | 53 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.50 | 8.00 | 1.50 | 5.00 | 0.30 | 0.29 | 8 | 0 | -0.29 | -0.14 | 381.63 | 370.00 | 7/2/2026 | No | 11 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.00 | 7.60 | 1.45 | 5.00 | 0.29 | 0.38 | 50 | 15 | -0.29 | -0.16 | 257.20 | 240.00 | 7/2/2026 | No | 14 | 73 | None | |
| HON | Honeywell International Inc | Options Chain | 2.70 | 5.70 | 1.40 | 5.00 | 0.28 | 0.32 | 1 | 0 | -0.27 | -0.11 | 224.85 | 215.00 | 7/2/2026 | No | 6 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.93 | 6.05 | 1.38 | 5.00 | 0.28 | 0.24 | 2 | 150 | -0.29 | -0.12 | 303.00 | 295.00 | 7/2/2026 | No | 12 | 79 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.65 | 16.00 | 1.28 | 5.00 | 0.26 | 0.50 | 79 | 326 | -0.29 | -0.31 | 416.09 | 385.00 | 7/2/2026 | Yes | 9 | 62 | None | |
| GE | General Electric Company | Options Chain | 5.45 | 8.00 | 1.25 | 5.00 | 0.25 | 0.36 | 1 | 7 | -0.28 | -0.18 | 302.46 | 285.00 | 7/2/2026 | No | 7 | 60 | None | |
| VST | Vistra Corp | Options Chain | 4.20 | 5.10 | 1.17 | 5.00 | 0.23 | 0.46 | 12 | 5 | -0.29 | -0.11 | 149.75 | 145.00 | 7/2/2026 | No | 8 | 56 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.44 | 2.58 | 0.23 | 1.00 | 0.23 | 0.48 | 7 | 3 | -0.30 | -0.05 | 62.65 | 58.00 | 7/2/2026 | No | 13 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.85 | 7.20 | 0.98 | 5.00 | 0.20 | 0.27 | 217 | 47 | -0.27 | -0.19 | 420.98 | 400.00 | 7/2/2026 | No | 15 | 72 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.28 | 0.57 | 0.18 | 1.00 | 0.18 | 0.26 | 4 | 4 | -0.24 | -0.01 | 33.41 | 32.00 | 7/2/2026 | No | 8 | 60 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.00 | 1.00 | 0.15 | 1.00 | 0.15 | 0.32 | 5 | 5 | -0.26 | -0.01 | 39.33 | 38.00 | 7/2/2026 | No | 12 | 68 | None |