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 | 10.35 | 13.00 | 2.83 | 5.00 | 0.57 | 0.87 | 3 | 5 | -0.30 | -0.20 | 156.06 | 135.00 | 9/4/2026 | Yes | 9 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.35 | 8.00 | 2.53 | 5.00 | 0.51 | 0.69 | 4 | 0 | -0.26 | -0.16 | 171.11 | 150.00 | 9/4/2026 | Yes | 11 | 64 | None | |
| DOW | Dow Inc | Options Chain | 0.10 | 1.64 | 0.44 | 1.00 | 0.44 | 0.49 | 0 | 7 | -0.27 | -0.02 | 30.90 | 27.00 | 9/4/2026 | Yes | 5 | 53 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 32.75 | 36.65 | 2.00 | 5.00 | 0.40 | 0.93 | 0 | 3 | -0.30 | -0.61 | 439.34 | 400.00 | 9/4/2026 | Yes | 14 | 57 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.65 | 2.10 | 0.40 | 1.00 | 0.40 | 0.59 | 0 | 1 | -0.30 | -0.04 | 44.19 | 41.00 | 9/4/2026 | Yes | 13 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 4.85 | 6.00 | 1.78 | 5.00 | 0.36 | 0.67 | 24 | 41 | -0.27 | -0.11 | 120.04 | 105.00 | 9/4/2026 | No | 7 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 1.53 | 1.96 | 0.35 | 1.00 | 0.35 | 0.58 | 2 | 2 | -0.29 | -0.04 | 45.27 | 41.00 | 9/4/2026 | No | 18 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.50 | 15.10 | 1.55 | 5.00 | 0.31 | 0.49 | 12 | 7 | -0.29 | -0.31 | 415.58 | 380.00 | 9/4/2026 | No | 20 | 61 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 0.75 | 1.09 | 0.30 | 1.00 | 0.30 | 0.36 | 11 | 71 | -0.26 | -0.02 | 40.99 | 39.00 | 9/4/2026 | No | 14 | 58 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.80 | 14.35 | 1.45 | 5.00 | 0.29 | 0.22 | 84 | 2 | -0.30 | -0.37 | 926.06 | 905.00 | 9/4/2026 | No | 15 | 60 | None | |
| AXP | American Express Company | Options Chain | 5.40 | 6.10 | 1.42 | 5.00 | 0.28 | 0.27 | 7 | 0 | -0.27 | -0.15 | 340.84 | 310.00 | 9/4/2026 | Yes | 11 | 63 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.02 | 2.76 | 0.28 | 1.00 | 0.28 | 0.53 | 4 | 40 | -0.30 | -0.05 | 63.50 | 58.00 | 9/4/2026 | Yes | 9 | 58 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.20 | 7.00 | 1.37 | 5.00 | 0.27 | 0.43 | 8 | 1 | -0.29 | -0.12 | 206.65 | 200.00 | 9/4/2026 | Yes | 10 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.10 | 5.95 | 1.35 | 5.00 | 0.27 | 0.24 | 0 | 4 | -0.29 | -0.15 | 349.90 | 340.00 | 9/4/2026 | No | 14 | 80 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.98 | 1.20 | 0.26 | 1.00 | 0.26 | 0.40 | 10 | 0 | -0.28 | -0.03 | 45.29 | 42.00 | 9/4/2026 | Yes | 10 | 60 | None | |
| CRM | Salesforce Inc | Options Chain | 4.15 | 6.20 | 1.10 | 5.00 | 0.22 | 0.51 | 15 | 7 | -0.27 | -0.13 | 156.93 | 150.00 | 9/4/2026 | Yes | 15 | 61 | None | |
| PCG | PG&E Corp | Options Chain | 0.34 | 0.46 | 0.11 | 0.50 | 0.22 | 0.33 | 4 | 0 | -0.30 | -0.01 | 17.54 | 17.00 | 9/4/2026 | Yes | 9 | 50 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.26 | 0.20 | 1.00 | 0.20 | 0.23 | 3 | 0 | -0.28 | -0.03 | 81.17 | 79.00 | 9/4/2026 | Yes | 11 | 69 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.34 | 0.45 | 0.19 | 1.00 | 0.19 | 0.36 | 0 | 448 | -0.26 | -0.01 | 21.92 | 21.00 | 9/4/2026 | No | 16 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.45 | 0.18 | 1.00 | 0.18 | 0.24 | 7 | 4 | -0.23 | -0.01 | 32.77 | 31.00 | 9/4/2026 | Yes | 13 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 1.04 | 1.29 | 0.18 | 1.00 | 0.18 | 0.29 | 1 | 0 | -0.26 | -0.03 | 72.08 | 69.00 | 9/4/2026 | Yes | 12 | 66 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.01 | 0.88 | 0.16 | 1.00 | 0.16 | 0.17 | 6 | 5 | -0.24 | -0.01 | 38.80 | 37.00 | 9/4/2026 | Yes | 12 | 67 | None |