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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C | Citigroup Inc | Options Chain | 2.01 | 2.81 | 0.49 | 1.00 | 0.49 | 0.28 | 0 | 1 | -0.28 | -0.06 | 137.45 | 127.00 | 10/2/2026 | No | 17 | 78 | None | |
| STM | ST Microelectronics | Options Chain | 1.85 | 2.40 | 0.38 | 1.00 | 0.38 | 0.56 | 1 | 0 | -0.30 | -0.04 | 51.86 | 47.00 | 10/2/2026 | No | 12 | 53 | None | |
| GM | General Motors Company | Options Chain | 1.41 | 1.99 | 0.37 | 1.00 | 0.37 | 0.33 | 6 | 10 | -0.27 | -0.04 | 83.82 | 80.00 | 10/2/2026 | No | 9 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.66 | 2.15 | 0.37 | 1.00 | 0.37 | 0.35 | 0 | 5 | -0.28 | -0.05 | 86.00 | 79.00 | 10/2/2026 | No | 13 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 6.00 | 7.45 | 1.80 | 5.00 | 0.36 | 0.67 | 22 | 9 | -0.28 | -0.14 | 141.72 | 130.00 | 10/2/2026 | Yes | 9 | 66 | None | |
| AA | Alcoa Corp | Options Chain | 1.42 | 2.02 | 0.35 | 1.00 | 0.35 | 0.52 | 0 | 1 | -0.28 | -0.03 | 49.77 | 47.00 | 10/2/2026 | No | 17 | 51 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.90 | 1.25 | 0.35 | 1.00 | 0.35 | 0.38 | 0 | 4 | -0.29 | -0.02 | 42.60 | 39.00 | 10/2/2026 | No | 10 | 54 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.03 | 1.83 | 0.35 | 1.00 | 0.35 | 0.33 | 0 | 1 | -0.30 | -0.03 | 59.88 | 57.00 | 10/2/2026 | No | 10 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.02 | 2.64 | 0.34 | 1.00 | 0.34 | 0.48 | 2 | 6 | -0.30 | -0.04 | 66.32 | 64.00 | 10/2/2026 | No | 13 | 63 | None | |
| TGT | Target Corp | Options Chain | 2.90 | 3.95 | 0.82 | 2.50 | 0.33 | 0.31 | 41 | 57 | -0.30 | -0.08 | 153.12 | 152.50 | 10/2/2026 | Yes | 12 | 72 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.60 | 8.90 | 1.62 | 5.00 | 0.32 | 0.27 | 63 | 120 | -0.30 | -0.20 | 481.36 | 465.00 | 9/25/2026 | No | 11 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.65 | 10.10 | 1.55 | 5.00 | 0.31 | 0.35 | 97 | 5 | -0.30 | -0.21 | 412.50 | 390.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| IBM | International Business Machines Corp | Options Chain | 4.80 | 6.55 | 1.52 | 5.00 | 0.30 | 0.34 | 2 | 11 | -0.30 | -0.13 | 233.00 | 225.00 | 10/2/2026 | No | 9 | 66 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.31 | 0.55 | 0.30 | 1.00 | 0.30 | 0.20 | 10 | 1 | -0.22 | -0.02 | 38.50 | 37.00 | 10/2/2026 | No | 12 | 68 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.55 | 10.50 | 1.48 | 5.00 | 0.30 | 0.48 | 87 | 173 | -0.27 | -0.27 | 380.00 | 335.00 | 9/25/2026 | Yes | 10 | 62 | None | |
| CRM | Salesforce Inc | Options Chain | 5.65 | 6.95 | 1.47 | 5.00 | 0.29 | 0.48 | 6 | 4 | -0.28 | -0.14 | 195.29 | 190.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| VST | Vistra Corp | Options Chain | 2.81 | 4.05 | 1.36 | 5.00 | 0.27 | 0.44 | 9 | 13 | -0.24 | -0.08 | 141.16 | 130.00 | 10/2/2026 | No | 8 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.89 | 1.25 | 0.27 | 1.00 | 0.27 | 0.20 | 8 | 6 | -0.28 | -0.02 | 88.94 | 87.00 | 10/2/2026 | No | 11 | 67 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.30 | 5.80 | 1.32 | 5.00 | 0.26 | 0.43 | 1 | 19 | -0.28 | -0.09 | 159.70 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.55 | 3.20 | 0.66 | 2.50 | 0.26 | 0.26 | 75 | 14 | -0.30 | -0.06 | 165.74 | 157.50 | 10/2/2026 | No | 13 | 73 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 2.45 | 5.20 | 1.30 | 5.00 | 0.26 | 0.28 | 4 | 6 | -0.28 | -0.09 | 215.60 | 210.00 | 10/2/2026 | Yes | 10 | 65 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.35 | 3.50 | 1.30 | 5.00 | 0.26 | 0.24 | 23 | 3 | -0.29 | -0.06 | 151.99 | 140.00 | 10/2/2026 | Yes | 14 | 62 | None | |
| APA | APA Corporation | Options Chain | 0.74 | 1.32 | 0.26 | 1.00 | 0.26 | 0.42 | 2 | 0 | -0.25 | -0.03 | 42.00 | 40.00 | 10/2/2026 | No | 14 | 70 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.88 | 1.09 | 0.26 | 1.00 | 0.26 | 0.34 | 329 | 357 | -0.26 | -0.02 | 47.71 | 45.00 | 10/2/2026 | No | 13 | 66 | None | |
| SLB | SLB | Options Chain | 0.84 | 1.14 | 0.26 | 1.00 | 0.26 | 0.32 | 1 | 0 | -0.26 | -0.02 | 53.25 | 50.00 | 10/2/2026 | No | 8 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 0.81 | 1.20 | 0.26 | 1.00 | 0.26 | 0.33 | 3 | 1 | -0.27 | -0.02 | 45.74 | 44.00 | 10/2/2026 | No | 11 | 49 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.55 | 0.26 | 1.00 | 0.26 | 0.22 | 9 | 22 | -0.29 | -0.01 | 32.90 | 31.00 | 10/2/2026 | No | 13 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.90 | 8.85 | 1.28 | 5.00 | 0.26 | 0.28 | 18 | 37 | -0.30 | -0.16 | 393.62 | 370.00 | 10/2/2026 | No | 10 | 58 | None | |
| CVX | Chevron Corp | Options Chain | 2.29 | 3.50 | 1.27 | 5.00 | 0.25 | 0.26 | 4 | 19 | -0.25 | -0.08 | 205.90 | 195.00 | 10/2/2026 | No | 13 | 77 | None | |
| GLW | Corning Inc | Options Chain | 4.70 | 6.45 | 1.23 | 5.00 | 0.25 | 0.63 | 91 | 34 | -0.25 | -0.12 | 158.29 | 135.00 | 10/2/2026 | No | 8 | 52 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.07 | 1.28 | 0.24 | 1.00 | 0.24 | 0.43 | 37 | 28 | -0.29 | -0.02 | 40.03 | 38.00 | 10/2/2026 | Yes | 13 | 59 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.00 | 3.30 | 1.17 | 5.00 | 0.23 | 0.30 | 12 | 5 | -0.27 | -0.05 | 111.39 | 105.00 | 10/2/2026 | No | 8 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.05 | 4.40 | 1.16 | 5.00 | 0.23 | 0.24 | 3 | 7 | -0.26 | -0.09 | 271.39 | 260.00 | 10/2/2026 | No | 8 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.45 | 5.30 | 1.13 | 5.00 | 0.23 | 0.21 | 12 | 16 | -0.28 | -0.13 | 363.27 | 345.00 | 10/2/2026 | No | 13 | 79 | None | |
| DOW | Dow Inc | Options Chain | 0.54 | 0.75 | 0.22 | 1.00 | 0.22 | 0.38 | 2 | 25 | -0.24 | -0.01 | 31.23 | 29.00 | 10/2/2026 | No | 8 | 56 | None | |
| HPQ | HP Inc | Options Chain | 0.94 | 1.39 | 0.11 | 0.50 | 0.22 | 0.55 | 5 | 0 | -0.29 | -0.02 | 29.87 | 27.50 | 10/2/2026 | Yes | 12 | 45 | None | |
| HD | Home Depot Inc | Options Chain | 3.35 | 6.35 | 1.03 | 5.00 | 0.21 | 0.26 | 1 | 22 | -0.25 | -0.10 | 338.64 | 325.00 | 10/2/2026 | Yes | 6 | 62 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.30 | 0.10 | 0.50 | 0.20 | 0.33 | 27 | 6 | -0.25 | -0.01 | 13.96 | 13.50 | 10/2/2026 | No | 9 | 48 | None | |
| V | Visa Inc - Class A | Options Chain | 3.20 | 5.10 | 0.80 | 5.00 | 0.16 | 0.22 | 2 | 1 | -0.25 | -0.13 | 364.94 | 350.00 | 10/2/2026 | No | 10 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.00 | 0.65 | 0.15 | 1.00 | 0.15 | 0.37 | 4 | 1 | -0.23 | -0.01 | 26.22 | 25.00 | 10/2/2026 | No | 11 | 53 | None |