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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.70 | 24.40 | 2.62 | 5.00 | 0.52 | 0.72 | 44 | 4 | -0.30 | -0.46 | 419.32 | 380.00 | 7/31/2026 | No | 14 | 57 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.47 | 2.17 | 0.50 | 1.00 | 0.50 | 0.33 | 1 | 1 | -0.29 | -0.04 | 83.81 | 79.00 | 7/31/2026 | Yes | 12 | 73 | None | |
| VST | Vistra Corp | Options Chain | 4.30 | 6.90 | 1.97 | 5.00 | 0.39 | 0.52 | 2 | 0 | -0.26 | -0.13 | 158.83 | 150.00 | 7/31/2026 | No | 8 | 56 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.98 | 1.44 | 0.36 | 1.00 | 0.36 | 0.32 | 3 | 152 | -0.30 | -0.02 | 55.28 | 51.00 | 7/31/2026 | Yes | 15 | 61 | None | |
| DOW | Dow Inc | Options Chain | 0.78 | 1.13 | 0.34 | 1.00 | 0.34 | 0.50 | 3 | 52 | -0.26 | -0.02 | 32.50 | 29.00 | 7/31/2026 | Yes | 6 | 50 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.00 | 16.60 | 1.62 | 5.00 | 0.32 | 0.51 | 26 | 16 | -0.29 | -0.36 | 432.15 | 425.00 | 7/31/2026 | Yes | 22 | 66 |
Dividend Stock List |
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| APA | APA Corporation | Options Chain | 0.79 | 1.18 | 0.32 | 1.00 | 0.32 | 0.49 | 0 | 35 | -0.28 | -0.02 | 33.93 | 30.00 | 7/31/2026 | No | 10 | 55 | None | |
| HPQ | HP Inc | Options Chain | 0.69 | 0.91 | 0.16 | 0.50 | 0.32 | 0.47 | 0 | 3 | -0.30 | -0.02 | 23.18 | 22.00 | 7/31/2026 | No | 14 | 47 | None | |
| C | Citigroup Inc | Options Chain | 2.84 | 3.40 | 0.31 | 1.00 | 0.31 | 0.31 | 0 | 2 | -0.30 | -0.07 | 143.78 | 138.00 | 7/31/2026 | Yes | 11 | 69 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.95 | 1.35 | 0.30 | 1.00 | 0.30 | 0.54 | 2 | 0 | -0.29 | -0.03 | 29.75 | 28.00 | 7/31/2026 | Yes | 10 | 56 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.47 | 0.70 | 0.29 | 1.00 | 0.29 | 0.37 | 2 | 6 | -0.26 | -0.01 | 22.69 | 21.00 | 7/31/2026 | Yes | 12 | 59 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.57 | 2.46 | 0.29 | 1.00 | 0.29 | 0.30 | 3 | 0 | -0.27 | -0.05 | 94.51 | 88.00 | 7/31/2026 | Yes | 12 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.69 | 0.92 | 0.28 | 1.00 | 0.28 | 0.27 | 1 | 1 | -0.28 | -0.01 | 45.84 | 43.00 | 7/31/2026 | Yes | 13 | 73 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.60 | 4.25 | 1.39 | 5.00 | 0.28 | 0.26 | 4 | 20 | -0.28 | -0.09 | 234.20 | 220.00 | 7/31/2026 | Yes | 9 | 66 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.70 | 8.00 | 1.32 | 5.00 | 0.26 | 0.47 | 22 | 9 | -0.28 | -0.17 | 262.35 | 230.00 | 7/31/2026 | Yes | 13 | 70 | None | |
| ORCL | Oracle Corp | Options Chain | 6.00 | 7.10 | 0.65 | 2.50 | 0.26 | 0.53 | 30 | 25 | -0.28 | -0.14 | 183.53 | 170.00 | 7/31/2026 | No | 9 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.94 | 1.10 | 0.25 | 1.00 | 0.25 | 0.27 | 8 | 3 | -0.28 | -0.02 | 56.53 | 54.00 | 7/31/2026 | Yes | 13 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 0.79 | 1.00 | 0.24 | 1.00 | 0.24 | 0.38 | 3 | 25 | -0.26 | -0.02 | 43.60 | 40.00 | 7/31/2026 | No | 13 | 54 | None | |
| F | Ford Motor Company | Options Chain | 0.35 | 0.45 | 0.12 | 0.50 | 0.24 | 0.44 | 20 | 79 | -0.28 | -0.01 | 13.96 | 13.00 | 7/31/2026 | Yes | 9 | 47 | None | |
| T | AT&T Inc | Options Chain | 0.38 | 0.49 | 0.23 | 1.00 | 0.23 | 0.30 | 30 | 6 | -0.28 | -0.01 | 22.44 | 21.00 | 7/31/2026 | Yes | 9 | 61 | None | |
| GLW | Corning Inc | Options Chain | 10.90 | 13.10 | 0.57 | 2.50 | 0.23 | 0.81 | 29 | 6 | -0.30 | -0.22 | 175.40 | 175.00 | 7/31/2026 | No | 8 | 52 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.85 | 5.60 | 1.10 | 5.00 | 0.22 | 0.27 | 26 | 18 | -0.25 | -0.11 | 334.50 | 310.00 | 7/31/2026 | Yes | 12 | 79 | None | |
| CRM | Salesforce Inc | Options Chain | 3.00 | 3.75 | 1.08 | 5.00 | 0.22 | 0.44 | 34 | 34 | -0.24 | -0.09 | 161.83 | 140.00 | 7/31/2026 | No | 15 | 71 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.71 | 1.06 | 0.21 | 1.00 | 0.21 | 0.38 | 6 | 1 | -0.25 | -0.02 | 42.69 | 39.00 | 7/31/2026 | No | 7 | 51 | None | |
| ACN | Accenture plc - Class A | Options Chain | 3.20 | 3.70 | 1.00 | 5.00 | 0.20 | 0.49 | 48 | 25 | -0.26 | -0.08 | 156.01 | 115.00 | 7/31/2026 | Yes | 14 | 59 | None | |
| KO | Coca-Cola Company | Options Chain | 0.88 | 1.08 | 0.20 | 1.00 | 0.20 | 0.22 | 2 | 7 | -0.26 | -0.03 | 79.93 | 76.00 | 7/31/2026 | Yes | 9 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.00 | 2.41 | 0.98 | 5.00 | 0.20 | 0.29 | 175 | 18 | -0.27 | -0.06 | 140.74 | 130.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.92 | 4.10 | 0.93 | 5.00 | 0.19 | 0.22 | 29 | 25 | -0.27 | -0.12 | 283.82 | 270.00 | 7/31/2026 | No | 12 | 69 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.30 | 0.40 | 0.09 | 0.50 | 0.18 | 0.30 | 25 | 26 | -0.24 | -0.01 | 23.20 | 21.50 | 7/31/2026 | Yes | 8 | 58 | None |