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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T | AT&T Inc | Options Chain | 0.37 | 0.45 | 0.24 | 0.50 | 0.48 | 0.34 | 16 | 4 | -0.27 | -0.01 | 21.98 | 20.50 | 8/28/2026 | Yes | 9 | 61 | None | |
| SLB | SLB | Options Chain | 0.18 | 1.85 | 0.46 | 1.00 | 0.46 | 0.35 | 0 | 16 | -0.25 | -0.02 | 47.08 | 44.00 | 8/28/2026 | Yes | 10 | 56 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.95 | 16.60 | 2.30 | 5.00 | 0.46 | 0.23 | 1 | 3 | -0.29 | -0.32 | 945.57 | 905.00 | 8/28/2026 | No | 14 | 59 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.66 | 2.37 | 0.41 | 1.00 | 0.41 | 0.33 | 5 | 0 | -0.28 | -0.05 | 102.80 | 96.00 | 8/28/2026 | Yes | 12 | 62 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.83 | 1.36 | 0.39 | 1.00 | 0.39 | 0.25 | 0 | 1 | -0.30 | -0.03 | 64.01 | 61.00 | 8/28/2026 | No | 13 | 65 | None | |
| GLW | Corning Inc | Options Chain | 8.85 | 10.80 | 1.80 | 5.00 | 0.36 | 0.95 | 14 | 15 | -0.27 | -0.21 | 158.39 | 135.00 | 8/28/2026 | Yes | 10 | 54 | None | |
| WMT | Walmart Inc | Options Chain | 2.21 | 2.80 | 0.34 | 1.00 | 0.34 | 0.32 | 2 | 6 | -0.30 | -0.05 | 114.95 | 109.00 | 8/28/2026 | Yes | 9 | 55 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.30 | 10.20 | 1.65 | 5.00 | 0.33 | 0.73 | 4 | 5 | -0.29 | -0.19 | 170.61 | 155.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.65 | 15.25 | 1.65 | 5.00 | 0.33 | 0.54 | 50 | 63 | -0.30 | -0.31 | 373.90 | 345.00 | 8/28/2026 | No | 10 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.90 | 16.65 | 1.63 | 5.00 | 0.33 | 0.54 | 65 | 28 | -0.30 | -0.33 | 409.74 | 370.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 0.64 | 1.25 | 0.32 | 1.00 | 0.32 | 0.37 | 24 | 41 | -0.26 | -0.03 | 44.57 | 41.00 | 8/28/2026 | No | 13 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.85 | 1.58 | 5.00 | 0.32 | 0.64 | 83 | 296 | -0.29 | -0.12 | 124.21 | 115.00 | 8/28/2026 | No | 12 | 70 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.70 | 12.20 | 1.57 | 5.00 | 0.31 | 0.42 | 66 | 19 | -0.30 | -0.25 | 401.10 | 370.00 | 8/28/2026 | Yes | 12 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.20 | 6.85 | 1.55 | 5.00 | 0.31 | 0.49 | 32 | 50 | -0.28 | -0.13 | 219.05 | 195.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| AA | Alcoa Corp | Options Chain | 1.45 | 1.80 | 0.31 | 1.00 | 0.31 | 0.59 | 5 | 5 | -0.27 | -0.04 | 45.54 | 40.00 | 8/28/2026 | No | 15 | 51 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.15 | 6.40 | 1.45 | 5.00 | 0.29 | 0.24 | 20 | 4 | -0.30 | -0.15 | 347.31 | 330.00 | 8/28/2026 | No | 10 | 69 | None | |
| CRM | Salesforce Inc | Options Chain | 3.55 | 5.65 | 1.36 | 5.00 | 0.27 | 0.49 | 3 | 92 | -0.25 | -0.12 | 171.95 | 155.00 | 8/28/2026 | No | 11 | 63 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.23 | 0.67 | 0.27 | 1.00 | 0.27 | 0.23 | 4 | 0 | -0.16 | 0.00 | 37.56 | 36.00 | 8/28/2026 | Yes | 9 | 58 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.40 | 1.70 | 0.27 | 1.00 | 0.27 | 0.57 | 1 | 4 | -0.28 | -0.03 | 41.98 | 38.00 | 8/28/2026 | Yes | 14 | 55 | None | |
| TGT | Target Corp | Options Chain | 3.50 | 4.20 | 0.27 | 1.00 | 0.27 | 0.41 | 6 | 0 | -0.29 | -0.06 | 140.21 | 130.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 1.11 | 0.26 | 1.00 | 0.26 | 0.24 | 10 | 43 | -0.29 | -0.02 | 61.47 | 59.00 | 8/28/2026 | No | 9 | 65 | None | |
| VST | Vistra Corp | Options Chain | 4.55 | 5.25 | 1.27 | 5.00 | 0.25 | 0.56 | 3 | 2 | -0.25 | -0.12 | 152.56 | 140.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.90 | 4.30 | 1.20 | 5.00 | 0.24 | 0.27 | 16 | 17 | -0.27 | -0.12 | 273.46 | 255.00 | 8/28/2026 | Yes | 12 | 69 | None | |
| APA | APA Corporation | Options Chain | 0.83 | 1.17 | 0.24 | 1.00 | 0.24 | 0.49 | 1 | 0 | -0.26 | -0.02 | 34.29 | 32.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.36 | 0.12 | 0.50 | 0.24 | 0.43 | 41 | 7 | -0.25 | -0.01 | 14.19 | 13.00 | 8/28/2026 | Yes | 9 | 47 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.38 | 0.67 | 0.21 | 1.00 | 0.21 | 0.42 | 10 | 0 | -0.25 | -0.02 | 24.10 | 22.00 | 8/28/2026 | Yes | 12 | 56 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.92 | 1.33 | 0.21 | 1.00 | 0.21 | 0.33 | 16 | 1 | -0.27 | -0.03 | 60.27 | 57.00 | 8/28/2026 | Yes | 11 | 53 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.00 | 8.25 | 1.03 | 5.00 | 0.21 | 0.30 | 2 | 31 | -0.27 | -0.21 | 423.38 | 405.00 | 8/28/2026 | No | 11 | 58 | None | |
| V | Visa Inc - Class A | Options Chain | 5.10 | 5.60 | 1.02 | 5.00 | 0.20 | 0.27 | 2 | 1 | -0.26 | -0.14 | 365.14 | 340.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.29 | 1.57 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 1 | -0.28 | -0.03 | 88.07 | 83.00 | 8/28/2026 | No | 14 | 74 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.54 | 3.75 | 0.97 | 5.00 | 0.19 | 0.25 | 11 | 33 | -0.24 | -0.09 | 249.97 | 240.00 | 8/28/2026 | No | 9 | 66 | None | |
| C | Citigroup Inc | Options Chain | 1.81 | 2.29 | 0.93 | 5.00 | 0.19 | 0.33 | 40 | 22 | -0.23 | -0.05 | 131.71 | 120.00 | 8/28/2026 | No | 17 | 78 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.82 | 0.17 | 1.00 | 0.17 | 0.30 | 6 | 19 | -0.25 | -0.02 | 43.88 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.27 | 0.45 | 0.16 | 1.00 | 0.16 | 0.28 | 1 | 0 | -0.20 | -0.01 | 32.54 | 30.00 | 8/28/2026 | No | 11 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.87 | 1.22 | 0.16 | 1.00 | 0.16 | 0.23 | 24 | 5 | -0.25 | -0.03 | 84.92 | 78.00 | 8/28/2026 | Yes | 12 | 69 | None | |
| SIRI | Sirius XM Holdings Inc | Options Chain | 0.36 | 0.76 | 0.16 | 1.00 | 0.16 | 0.37 | 4 | 4 | -0.25 | -0.01 | 31.38 | 28.00 | 8/28/2026 | Yes | 15 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.09 | 3.05 | 0.16 | 1.00 | 0.16 | 0.26 | 3 | 0 | -0.29 | -0.05 | 150.96 | 143.00 | 8/28/2026 | Yes | 10 | 65 | None |