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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DKS | Dicks Sporting Goods Inc | Options Chain | 7.30 | 9.60 | 3.95 | 10.00 | 0.40 | 0.43 | 44 | 5 | -0.30 | -0.13 | 233.13 | 210.00 | 7/17/2026 | Yes | 7 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 13.75 | 14.75 | 1.75 | 5.00 | 0.35 | 0.80 | 175 | 69 | -0.28 | -0.22 | 248.82 | 200.00 | 7/17/2026 | No | 14 | 67 | None | |
| BWA | BorgWarner Inc | Options Chain | 2.35 | 2.90 | 0.85 | 2.50 | 0.34 | 0.48 | 347 | 5 | -0.29 | -0.04 | 68.70 | 65.00 | 7/17/2026 | No | 12 | 61 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.00 | 2.15 | 0.33 | 1.00 | 0.33 | 0.55 | 20 | 0 | -0.27 | -0.04 | 55.35 | 49.00 | 7/17/2026 | No | 14 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 8.15 | 8.60 | 1.60 | 5.00 | 0.32 | 0.62 | 28 | 38 | -0.26 | -0.15 | 192.38 | 170.00 | 7/17/2026 | Yes | 7 | 61 | None | |
| NTAP | Netapp Inc | Options Chain | 4.80 | 6.20 | 1.55 | 5.00 | 0.31 | 0.51 | 1 | 2 | -0.30 | -0.09 | 138.95 | 130.00 | 7/17/2026 | Yes | 13 | 65 | None | |
| GM | General Motors Company | Options Chain | 2.19 | 2.29 | 0.72 | 2.50 | 0.29 | 0.39 | 1 | 139 | -0.29 | -0.04 | 79.30 | 77.50 | 7/17/2026 | No | 9 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.73 | 0.89 | 0.28 | 1.00 | 0.28 | 0.25 | 2 | 11 | -0.28 | -0.01 | 48.49 | 46.00 | 7/17/2026 | No | 13 | 73 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.85 | 6.50 | 1.40 | 5.00 | 0.28 | 0.39 | 60 | 22 | -0.26 | -0.13 | 249.79 | 235.00 | 7/17/2026 | No | 14 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.55 | 7.20 | 1.38 | 5.00 | 0.28 | 0.29 | 68 | 63 | -0.28 | -0.11 | 306.74 | 285.00 | 7/17/2026 | Yes | 12 | 79 | None | |
| SLB | SLB | Options Chain | 1.49 | 1.66 | 0.69 | 2.50 | 0.28 | 0.38 | 2 | 5 | -0.30 | -0.03 | 58.01 | 52.50 | 7/17/2026 | No | 10 | 66 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 2.03 | 2.22 | 0.69 | 2.50 | 0.28 | 0.30 | 37 | 421 | -0.30 | -0.04 | 89.40 | 82.50 | 7/17/2026 | Yes | 12 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.05 | 13.00 | 2.75 | 10.00 | 0.28 | 0.48 | 84 | 104 | -0.26 | -0.25 | 412.32 | 380.00 | 7/17/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| HPQ | HP Inc | Options Chain | 0.78 | 0.87 | 0.27 | 1.00 | 0.27 | 0.55 | 2 | 27 | -0.28 | -0.01 | 24.43 | 22.00 | 7/17/2026 | Yes | 13 | 57 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.49 | 0.67 | 0.27 | 1.00 | 0.27 | 0.26 | 7 | 10 | -0.29 | -0.01 | 32.90 | 31.00 | 7/17/2026 | Yes | 10 | 60 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.40 | 7.90 | 2.60 | 10.00 | 0.26 | 0.30 | 12 | 80 | -0.27 | -0.13 | 376.86 | 360.00 | 7/17/2026 | No | 11 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.20 | 3.65 | 1.28 | 5.00 | 0.26 | 0.31 | 20 | 20 | -0.25 | -0.07 | 149.81 | 140.00 | 7/17/2026 | No | 11 | 70 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.90 | 2.25 | 1.25 | 5.00 | 0.25 | 0.42 | 9 | 10 | -0.27 | -0.04 | 66.73 | 60.00 | 7/17/2026 | No | 12 | 55 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.35 | 0.45 | 0.25 | 1.00 | 0.25 | 0.45 | 1 | 1 | -0.24 | -0.01 | 13.72 | 12.00 | 7/17/2026 | No | 15 | 51 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.41 | 2.59 | 0.61 | 2.50 | 0.24 | 0.49 | 79 | 4 | -0.25 | -0.05 | 79.39 | 75.00 | 7/17/2026 | Yes | 15 | 66 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.20 | 4.90 | 1.20 | 5.00 | 0.24 | 0.56 | 2 | 13 | -0.25 | -0.10 | 139.56 | 125.00 | 7/17/2026 | No | 13 | 62 | None | |
| KGC | Kinross Gold Corp | Options Chain | 0.72 | 0.99 | 0.24 | 1.00 | 0.24 | 0.52 | 0 | 2 | -0.26 | -0.02 | 29.44 | 26.00 | 7/17/2026 | No | 14 | 53 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.06 | 1.09 | 0.24 | 1.00 | 0.24 | 0.31 | 1 | 34 | -0.30 | -0.02 | 52.25 | 49.00 | 7/17/2026 | Yes | 10 | 65 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.25 | 2.35 | 1.17 | 5.00 | 0.23 | 0.38 | 2 | 0 | -0.26 | -0.05 | 86.49 | 80.00 | 7/17/2026 | No | 9 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.22 | 1.00 | 0.22 | 0.36 | 5 | 0 | -0.28 | -0.01 | 19.63 | 18.00 | 7/17/2026 | No | 9 | 60 | None | |
| EQNR | Equinor ASA | Options Chain | 0.75 | 1.15 | 0.20 | 1.00 | 0.20 | 0.43 | 0 | 11 | -0.28 | -0.02 | 38.35 | 34.00 | 7/17/2026 | No | 11 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.86 | 0.93 | 0.48 | 2.50 | 0.19 | 0.40 | 41 | 23 | -0.24 | -0.02 | 45.14 | 40.00 | 7/17/2026 | No | 7 | 51 | None | |
| APA | APA Corporation | Options Chain | 0.93 | 1.08 | 0.47 | 2.50 | 0.19 | 0.52 | 0 | 1 | -0.23 | -0.02 | 37.50 | 32.50 | 7/17/2026 | No | 10 | 53 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.45 | 1.90 | 0.90 | 5.00 | 0.18 | 0.47 | 2 | 0 | -0.21 | -0.02 | 69.00 | 60.00 | 7/17/2026 | No | 7 | 59 | None | |
| GFI | Gold Fields Ltd | Options Chain | 1.20 | 1.40 | 0.87 | 5.00 | 0.17 | 0.56 | 265 | 1 | -0.23 | -0.03 | 41.15 | 35.00 | 7/17/2026 | No | 11 | 56 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.87 | 2.00 | 0.86 | 5.00 | 0.17 | 0.24 | 133 | 61 | -0.24 | -0.05 | 142.96 | 140.00 | 7/17/2026 | No | 12 | 72 | None | |
| C | Citigroup Inc | Options Chain | 2.06 | 2.19 | 0.85 | 5.00 | 0.17 | 0.35 | 23 | 9 | -0.23 | -0.06 | 126.86 | 115.00 | 7/17/2026 | Yes | 12 | 69 | None | |
| VICI | VICI Properties Inc | Options Chain | 0.40 | 0.75 | 0.40 | 2.50 | 0.16 | 0.21 | 7 | 0 | -0.30 | -0.01 | 28.58 | 27.50 | 7/17/2026 | No | 9 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.31 | 0.33 | 0.16 | 1.00 | 0.16 | 0.47 | 261 | 158 | -0.20 | -0.01 | 15.32 | 14.00 | 7/17/2026 | No | 8 | 48 | None | |
| UL | Unilever plc | Options Chain | 0.75 | 0.80 | 0.38 | 2.50 | 0.15 | 0.24 | 131 | 0 | -0.24 | -0.02 | 57.07 | 55.00 | 7/17/2026 | No | 9 | 58 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.31 | 27 | 0 | -0.22 | -0.01 | 21.60 | 20.00 | 7/17/2026 | No | 10 | 59 | None |