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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 6.20 | 14.00 | 2.22 | 5.00 | 0.44 | 0.36 | 3 | 0 | -0.28 | -0.17 | 396.47 | 370.00 | 7/24/2026 | No | 11 | 64 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.20 | 25.80 | 1.97 | 5.00 | 0.39 | 0.72 | 2 | 0 | -0.29 | -0.41 | 406.50 | 380.00 | 7/24/2026 | No | 11 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 10.65 | 14.70 | 1.95 | 5.00 | 0.39 | 0.67 | 1 | 5 | -0.30 | -0.21 | 236.34 | 215.00 | 7/24/2026 | Yes | 9 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 13.80 | 17.25 | 1.85 | 5.00 | 0.37 | 0.76 | 0 | 10 | -0.30 | -0.26 | 242.57 | 220.00 | 7/24/2026 | No | 11 | 61 | None | |
| APA | APA Corporation | Options Chain | 0.96 | 1.77 | 0.34 | 1.00 | 0.34 | 0.50 | 0 | 5 | -0.29 | -0.02 | 38.13 | 35.00 | 7/24/2026 | No | 15 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.55 | 17.15 | 1.70 | 5.00 | 0.34 | 0.47 | 44 | 42 | -0.30 | -0.29 | 413.83 | 390.00 | 7/24/2026 | No | 9 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 9.35 | 13.40 | 1.68 | 5.00 | 0.34 | 0.54 | 1 | 10 | -0.28 | -0.23 | 293.70 | 275.00 | 7/24/2026 | Yes | 10 | 63 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.74 | 4.70 | 1.59 | 5.00 | 0.32 | 0.23 | 3 | 2 | -0.24 | -0.10 | 274.11 | 260.00 | 7/24/2026 | No | 12 | 69 | None | |
| CRM | Salesforce Inc | Options Chain | 4.00 | 7.25 | 1.58 | 5.00 | 0.32 | 0.43 | 10 | 11 | -0.28 | -0.12 | 186.80 | 175.00 | 7/24/2026 | No | 11 | 63 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.70 | 5.20 | 1.45 | 5.00 | 0.29 | 0.51 | 28 | 21 | -0.28 | -0.11 | 146.80 | 135.00 | 7/17/2026 | No | 11 | 60 | None | |
| BWA | BorgWarner Inc | Options Chain | 2.25 | 2.55 | 0.70 | 2.50 | 0.28 | 0.52 | 19 | 1 | -0.26 | -0.06 | 76.50 | 70.00 | 7/17/2026 | No | 11 | 59 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.90 | 6.60 | 1.35 | 5.00 | 0.27 | 0.39 | 0 | 2 | -0.27 | -0.09 | 177.02 | 165.00 | 7/24/2026 | Yes | 8 | 67 | None | |
| HON | Honeywell International Inc | Options Chain | 4.00 | 8.10 | 1.35 | 5.00 | 0.27 | 0.37 | 0 | 1 | -0.29 | -0.12 | 224.50 | 205.00 | 7/24/2026 | Yes | 7 | 64 | None | |
| HD | Home Depot Inc | Options Chain | 5.90 | 7.95 | 1.28 | 5.00 | 0.26 | 0.31 | 2 | 2 | -0.30 | -0.15 | 313.46 | 295.00 | 7/24/2026 | No | 8 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.45 | 9.15 | 1.27 | 5.00 | 0.25 | 0.30 | 7 | 4 | -0.27 | -0.19 | 426.77 | 405.00 | 7/24/2026 | No | 15 | 71 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.10 | 2.35 | 1.25 | 5.00 | 0.25 | 0.41 | 228 | 301 | -0.29 | -0.05 | 77.59 | 75.00 | 7/17/2026 | No | 14 | 65 | None | |
| PPL | PPL Corp | Options Chain | 0.30 | 0.65 | 0.25 | 1.00 | 0.25 | 0.26 | 2 | 0 | -0.22 | -0.01 | 35.16 | 33.00 | 7/17/2026 | No | 8 | 60 | None | |
| DHR | Danaher Corp | Options Chain | 3.00 | 6.80 | 1.20 | 5.00 | 0.24 | 0.36 | 0 | 1 | -0.29 | -0.08 | 181.94 | 175.00 | 7/24/2026 | Yes | 11 | 61 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.90 | 2.20 | 0.60 | 2.50 | 0.24 | 0.40 | 14 | 11 | -0.27 | -0.06 | 90.85 | 82.50 | 7/17/2026 | No | 11 | 24 | None | |
| GIS | General Mills Inc | Options Chain | 0.80 | 0.95 | 0.60 | 2.50 | 0.24 | 0.40 | 480 | 52 | -0.29 | -0.01 | 32.32 | 30.00 | 7/17/2026 | Yes | 11 | 61 | None | |
| V | Visa Inc - Class A | Options Chain | 2.78 | 6.80 | 1.18 | 5.00 | 0.24 | 0.24 | 2 | 3 | -0.25 | -0.12 | 312.40 | 305.00 | 7/24/2026 | No | 11 | 70 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 1.00 | 0.23 | 1.00 | 0.23 | 0.43 | 0 | 1 | -0.27 | -0.02 | 26.94 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.30 | 2.80 | 0.23 | 1.00 | 0.23 | 0.66 | 8 | 7 | -0.30 | -0.05 | 52.93 | 49.00 | 7/17/2026 | No | 7 | 54 | None | |
| CLX | Clorox Company | Options Chain | 1.95 | 2.20 | 1.15 | 5.00 | 0.23 | 0.34 | 251 | 16 | -0.30 | -0.05 | 88.70 | 85.00 | 7/17/2026 | No | 10 | 47 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.84 | 1.40 | 0.22 | 1.00 | 0.22 | 0.40 | 0 | 1 | -0.25 | -0.02 | 46.44 | 42.00 | 7/24/2026 | No | 9 | 60 | None | |
| EXC | Exelon Corp | Options Chain | 0.55 | 0.75 | 0.22 | 1.00 | 0.22 | 0.23 | 2 | 16 | -0.27 | -0.02 | 45.80 | 43.00 | 7/17/2026 | No | 8 | 57 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.80 | 0.20 | 1.00 | 0.20 | 0.32 | 0 | 5 | -0.30 | -0.01 | 28.43 | 27.00 | 7/17/2026 | Yes | 18 | 70 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.40 | 0.20 | 1.00 | 0.20 | 0.40 | 42 | 3 | -0.30 | -0.03 | 40.93 | 40.00 | 7/17/2026 | Yes | 16 | 77 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.20 | 0.55 | 0.18 | 1.00 | 0.18 | 0.42 | 1 | 0 | -0.19 | -0.01 | 20.16 | 18.00 | 7/17/2026 | No | 9 | 61 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.40 | 0.18 | 1.00 | 0.18 | 0.33 | 93 | 1 | -0.21 | -0.01 | 20.93 | 20.00 | 7/17/2026 | No | 15 | 68 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.55 | 0.17 | 1.00 | 0.17 | 0.39 | 42 | 8 | -0.23 | -0.01 | 24.46 | 23.00 | 7/17/2026 | No | 18 | 65 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.40 | 0.17 | 1.00 | 0.17 | 0.37 | 13 | 5 | -0.25 | -0.01 | 15.90 | 15.00 | 7/17/2026 | No | 6 | 51 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.55 | 0.75 | 0.40 | 2.50 | 0.16 | 0.34 | 40 | 4 | -0.19 | -0.02 | 49.18 | 45.00 | 7/17/2026 | Yes | 16 | 75 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 7.00 | 0.78 | 5.00 | 0.16 | 0.29 | 18 | 31 | -0.29 | -0.12 | 300.85 | 295.00 | 7/24/2026 | Yes | 13 | 79 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.05 | 1.35 | 0.77 | 5.00 | 0.15 | 0.41 | 4 | 4 | -0.21 | -0.04 | 64.06 | 60.00 | 7/17/2026 | No | 16 | 62 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.60 | 0.15 | 1.00 | 0.15 | 0.30 | 1 | 0 | -0.30 | -0.01 | 23.63 | 23.00 | 7/17/2026 | Yes | 19 | 68 | None |