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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 2.68 | 1.23 | 1.00 | 1.23 | 0.22 | 104 | 0 | -0.25 | -0.02 | 47.06 | 45.00 | 6/26/2026 | No | 12 | 73 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.67 | 2.66 | 0.66 | 1.00 | 0.66 | 0.30 | 2 | 4 | -0.29 | -0.04 | 89.44 | 88.00 | 6/26/2026 | No | 15 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.82 | 2.63 | 0.57 | 1.00 | 0.57 | 0.54 | 0 | 1 | -0.28 | -0.04 | 66.14 | 58.00 | 6/26/2026 | No | 15 | 62 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.38 | 3.40 | 0.47 | 1.00 | 0.47 | 0.38 | 0 | 16 | -0.28 | -0.06 | 115.53 | 111.00 | 6/26/2026 | No | 9 | 65 | None | |
| AA | Alcoa Corp | Options Chain | 2.05 | 2.84 | 0.43 | 1.00 | 0.43 | 0.59 | 10 | 1 | -0.29 | -0.06 | 66.02 | 57.00 | 6/26/2026 | No | 13 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 8.40 | 10.10 | 1.00 | 2.50 | 0.40 | 0.67 | 1 | 13 | -0.30 | -0.19 | 195.61 | 177.50 | 6/26/2026 | Yes | 7 | 61 | None | |
| COST | Costco Wholesale Corp | Options Chain | 14.90 | 19.60 | 1.95 | 5.00 | 0.39 | 0.26 | 0 | 28 | -0.29 | -0.42 | 1,041.25 | 1,005.00 | 6/26/2026 | Yes | 13 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.50 | 15.75 | 1.93 | 5.00 | 0.39 | 0.44 | 14 | 16 | -0.29 | -0.28 | 417.72 | 390.00 | 6/26/2026 | No | 20 | 61 |
Dividend Stock List |
|
| DVN | Devon Energy Corp | Options Chain | 1.12 | 1.48 | 0.38 | 1.00 | 0.38 | 0.39 | 0 | 7 | -0.29 | -0.02 | 47.24 | 46.00 | 6/26/2026 | No | 7 | 51 | None | |
| NEM | Newmont Corp | Options Chain | 3.10 | 3.95 | 0.36 | 1.00 | 0.36 | 0.46 | 1 | 1 | -0.30 | -0.07 | 116.33 | 102.00 | 6/26/2026 | No | 19 | 73 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.15 | 10.60 | 1.75 | 5.00 | 0.35 | 0.33 | 0 | 9 | -0.30 | -0.16 | 399.09 | 380.00 | 6/26/2026 | No | 11 | 64 | None | |
| DOW | Dow Inc | Options Chain | 0.98 | 1.60 | 0.34 | 1.00 | 0.34 | 0.47 | 0 | 361 | -0.30 | -0.02 | 38.78 | 36.00 | 6/26/2026 | No | 6 | 47 | None | |
| C | Citigroup Inc | Options Chain | 2.27 | 2.79 | 0.33 | 1.00 | 0.33 | 0.33 | 3 | 1 | -0.28 | -0.06 | 124.82 | 117.00 | 6/26/2026 | No | 15 | 78 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 10.45 | 12.65 | 1.45 | 5.00 | 0.29 | 0.70 | 1 | 1 | -0.28 | -0.23 | 247.89 | 220.00 | 6/26/2026 | Yes | 12 | 53 | None | |
| KO | Coca-Cola Company | Options Chain | 0.79 | 1.08 | 0.29 | 1.00 | 0.29 | 0.19 | 4 | 5 | -0.28 | -0.02 | 80.58 | 78.00 | 6/26/2026 | No | 11 | 70 | None | |
| MO | Altria Group Inc | Options Chain | 1.03 | 1.48 | 0.29 | 1.00 | 0.29 | 0.22 | 8 | 0 | -0.30 | -0.02 | 72.41 | 70.00 | 6/26/2026 | No | 12 | 68 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 5.20 | 1.35 | 5.00 | 0.27 | 0.26 | 20 | 31 | -0.28 | -0.13 | 300.18 | 285.00 | 6/26/2026 | No | 10 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.80 | 0.99 | 0.27 | 1.00 | 0.27 | 0.28 | 7 | 1 | -0.28 | -0.02 | 49.85 | 47.00 | 6/26/2026 | No | 10 | 64 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.68 | 1.06 | 0.26 | 1.00 | 0.26 | 0.26 | 2 | 4 | -0.27 | -0.02 | 56.77 | 54.00 | 6/26/2026 | No | 15 | 61 | None | |
| HAL | Halliburton Company | Options Chain | 0.90 | 1.24 | 0.26 | 1.00 | 0.26 | 0.38 | 50 | 50 | -0.30 | -0.02 | 41.29 | 39.00 | 6/26/2026 | No | 14 | 63 | None | |
| GLW | Corning Inc | Options Chain | 9.50 | 11.20 | 0.60 | 2.50 | 0.24 | 0.72 | 104 | 72 | -0.30 | -0.20 | 208.28 | 177.50 | 6/26/2026 | No | 8 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.35 | 10.80 | 0.55 | 2.50 | 0.22 | 0.69 | 10 | 4 | -0.30 | -0.20 | 200.08 | 185.00 | 6/26/2026 | No | 14 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.63 | 0.19 | 1.00 | 0.19 | 0.26 | 13 | 1 | -0.27 | -0.01 | 33.38 | 32.00 | 6/26/2026 | No | 13 | 67 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.31 | 1.76 | 0.19 | 1.00 | 0.19 | 0.27 | 0 | 1 | -0.29 | -0.03 | 95.68 | 89.00 | 6/26/2026 | No | 7 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.26 | 0.09 | 0.50 | 0.18 | 0.36 | 527 | 130 | -0.25 | -0.01 | 14.48 | 12.50 | 6/26/2026 | No | 9 | 49 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.24 | 0.45 | 0.17 | 1.00 | 0.17 | 0.33 | 11 | 0 | -0.22 | -0.01 | 25.17 | 23.00 | 6/26/2026 | No | 15 | 63 | None | |
| APA | APA Corporation | Options Chain | 0.73 | 1.00 | 0.17 | 1.00 | 0.17 | 0.49 | 5 | 0 | -0.26 | -0.02 | 37.11 | 35.00 | 6/26/2026 | No | 9 | 53 | None | |
| T | AT&T Inc | Options Chain | 0.21 | 0.35 | 0.16 | 1.00 | 0.16 | 0.26 | 158 | 0 | -0.17 | -0.01 | 24.65 | 23.00 | 6/26/2026 | No | 8 | 58 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.40 | 0.55 | 0.08 | 0.50 | 0.16 | 0.39 | 1 | 0 | -0.27 | -0.01 | 22.12 | 21.00 | 6/26/2026 | No | 13 | 41 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.64 | 2.22 | 0.75 | 5.00 | 0.15 | 0.29 | 49 | 10 | -0.29 | -0.06 | 152.78 | 145.00 | 6/26/2026 | No | 11 | 70 | None |