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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMM | 3M Company | Options Chain | 3.15 | 4.20 | 0.41 | 1.00 | 0.41 | 0.35 | 41 | 0 | -0.28 | -0.09 | 154.59 | 150.00 | 7/24/2026 | Yes | 6 | 59 | None | |
| QCOM | Qualcomm Inc | Options Chain | 10.30 | 12.20 | 1.95 | 5.00 | 0.39 | 0.84 | 21 | 9 | -0.27 | -0.23 | 204.01 | 170.00 | 7/24/2026 | No | 11 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.58 | 1.22 | 0.38 | 1.00 | 0.38 | 0.29 | 6 | 74 | -0.26 | -0.01 | 45.78 | 44.00 | 7/24/2026 | Yes | 9 | 64 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.30 | 18.00 | 1.85 | 5.00 | 0.37 | 0.25 | 0 | 1 | -0.27 | -0.36 | 970.50 | 940.00 | 7/24/2026 | No | 14 | 58 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 20.70 | 24.60 | 1.80 | 5.00 | 0.36 | 0.78 | 0 | 4 | -0.30 | -0.41 | 377.35 | 335.00 | 7/24/2026 | No | 14 | 57 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.37 | 1.81 | 0.34 | 1.00 | 0.34 | 0.55 | 1 | 10 | -0.29 | -0.03 | 42.85 | 38.00 | 7/24/2026 | Yes | 12 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 9.80 | 11.45 | 1.70 | 5.00 | 0.34 | 0.68 | 9 | 35 | -0.29 | -0.19 | 206.24 | 185.00 | 7/24/2026 | Yes | 9 | 65 | None | |
| NVO | Novo Nordisk | Options Chain | 0.86 | 1.22 | 0.33 | 1.00 | 0.33 | 0.41 | 6 | 16 | -0.25 | -0.03 | 42.19 | 40.00 | 7/24/2026 | No | 13 | 54 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.95 | 16.25 | 1.65 | 5.00 | 0.33 | 0.52 | 79 | 5 | -0.30 | -0.32 | 427.92 | 380.00 | 7/24/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| APA | APA Corporation | Options Chain | 1.14 | 1.49 | 0.32 | 1.00 | 0.32 | 0.52 | 3 | 0 | -0.29 | -0.03 | 36.61 | 35.00 | 7/24/2026 | No | 15 | 62 | None | |
| GLW | Corning Inc | Options Chain | 8.70 | 10.00 | 1.57 | 5.00 | 0.31 | 0.78 | 16 | 1 | -0.29 | -0.18 | 172.04 | 150.00 | 7/24/2026 | No | 8 | 52 | None | |
| SLB | SLB | Options Chain | 1.44 | 1.90 | 0.31 | 1.00 | 0.31 | 0.39 | 0 | 10 | -0.30 | -0.04 | 55.85 | 53.00 | 7/24/2026 | Yes | 10 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.15 | 11.20 | 1.53 | 5.00 | 0.31 | 0.39 | 1 | 2 | -0.28 | -0.20 | 413.00 | 380.00 | 7/24/2026 | No | 9 | 58 | None | |
| VST | Vistra Corp | Options Chain | 3.95 | 4.80 | 1.47 | 5.00 | 0.29 | 0.55 | 12 | 7 | -0.25 | -0.10 | 146.22 | 125.00 | 7/24/2026 | No | 8 | 56 | None | |
| EQT | EQT Corp | Options Chain | 0.72 | 1.23 | 0.29 | 1.00 | 0.29 | 0.30 | 2 | 0 | -0.28 | -0.03 | 52.69 | 50.00 | 7/24/2026 | No | 12 | 63 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 1.15 | 1.50 | 0.70 | 2.50 | 0.28 | 0.27 | 8 | 1 | -0.30 | -0.03 | 72.00 | 70.00 | 7/17/2026 | No | 12 | 69 | None | |
| NEM | Newmont Corp | Options Chain | 2.27 | 3.40 | 1.35 | 5.00 | 0.27 | 0.54 | 28 | 14 | -0.24 | -0.08 | 97.79 | 85.00 | 7/24/2026 | Yes | 19 | 73 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.85 | 2.45 | 1.32 | 5.00 | 0.26 | 0.59 | 37 | 11 | -0.23 | -0.07 | 84.43 | 70.00 | 7/17/2026 | No | 16 | 64 |
Dividend Stock List |
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| AA | Alcoa Corp | Options Chain | 2.49 | 3.90 | 1.31 | 5.00 | 0.26 | 0.69 | 1 | 4 | -0.26 | -0.07 | 72.41 | 60.00 | 7/24/2026 | Yes | 13 | 53 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.00 | 1.24 | 0.26 | 1.00 | 0.26 | 0.41 | 5 | 0 | -0.26 | -0.02 | 44.45 | 43.00 | 7/24/2026 | No | 10 | 60 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.98 | 1.21 | 0.26 | 1.00 | 0.26 | 0.30 | 1 | 4 | -0.28 | -0.03 | 54.42 | 52.00 | 7/24/2026 | Yes | 10 | 65 | None | |
| MO | Altria Group Inc | Options Chain | 1.17 | 1.52 | 0.26 | 1.00 | 0.26 | 0.23 | 42 | 0 | -0.29 | -0.01 | 71.41 | 70.00 | 7/24/2026 | No | 12 | 68 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.20 | 4.70 | 1.25 | 5.00 | 0.25 | 0.56 | 57 | 158 | -0.26 | -0.11 | 153.14 | 135.00 | 7/17/2026 | No | 8 | 58 | None | |
| EQNR | Equinor ASA | Options Chain | 0.80 | 0.90 | 0.25 | 1.00 | 0.25 | 0.41 | 6 | 26 | -0.27 | -0.03 | 36.27 | 35.00 | 7/17/2026 | No | 9 | 50 | None | |
| DOW | Dow Inc | Options Chain | 0.66 | 1.17 | 0.24 | 1.00 | 0.24 | 0.49 | 10 | 216 | -0.25 | -0.02 | 33.01 | 31.00 | 7/24/2026 | Yes | 6 | 49 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.39 | 0.57 | 0.12 | 0.50 | 0.24 | 0.29 | 1 | 0 | -0.30 | -0.01 | 23.43 | 23.00 | 7/24/2026 | No | 8 | 58 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.65 | 10.20 | 2.38 | 10.00 | 0.24 | 0.51 | 1042 | 1012 | -0.25 | -0.29 | 392.16 | 340.00 | 7/17/2026 | No | 13 | 64 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.45 | 1.60 | 0.58 | 2.50 | 0.23 | 0.45 | 21 | 11 | -0.25 | -0.05 | 63.04 | 60.00 | 7/17/2026 | No | 7 | 52 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.55 | 1.85 | 1.15 | 5.00 | 0.23 | 0.40 | 5 | 2 | -0.30 | -0.04 | 63.55 | 60.00 | 7/17/2026 | No | 16 | 63 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.47 | 2.74 | 1.10 | 5.00 | 0.22 | 0.61 | 14 | 5 | -0.24 | -0.05 | 63.96 | 55.00 | 7/24/2026 | Yes | 10 | 58 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.00 | 1.50 | 0.55 | 2.50 | 0.22 | 0.48 | 1 | 8 | -0.25 | -0.04 | 53.05 | 47.50 | 7/17/2026 | No | 13 | 53 | None | |
| KO | Coca-Cola Company | Options Chain | 0.86 | 1.46 | 0.22 | 1.00 | 0.22 | 0.22 | 450 | 403 | -0.28 | -0.02 | 81.33 | 80.00 | 7/24/2026 | No | 9 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.71 | 2.16 | 0.22 | 1.00 | 0.22 | 0.26 | 5 | 3 | -0.30 | -0.05 | 118.88 | 115.00 | 7/24/2026 | No | 10 | 57 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.42 | 3.10 | 1.08 | 5.00 | 0.22 | 0.40 | 10 | 0 | -0.26 | -0.07 | 120.09 | 110.00 | 7/24/2026 | No | 10 | 60 | None | |
| EC | Ecopetrol SA | Options Chain | 0.40 | 0.60 | 0.20 | 1.00 | 0.20 | 0.68 | 62 | 0 | -0.23 | -0.01 | 15.88 | 14.00 | 7/17/2026 | Yes | 10 | 58 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.40 | 0.55 | 0.20 | 1.00 | 0.20 | 0.36 | 0 | 2 | -0.24 | -0.01 | 23.95 | 22.00 | 7/24/2026 | No | 16 | 69 | None | |
| BCS | Barclays plc | Options Chain | 0.40 | 0.60 | 0.20 | 1.00 | 0.20 | 0.40 | 24 | 14 | -0.25 | -0.01 | 24.32 | 22.00 | 7/17/2026 | No | 18 | 65 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.10 | 0.20 | 1.00 | 0.20 | 0.42 | 1 | 0 | -0.25 | -0.03 | 43.35 | 39.00 | 7/17/2026 | Yes | 16 | 72 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.80 | 0.20 | 1.00 | 0.20 | 0.42 | 0 | 2 | -0.29 | -0.02 | 27.93 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.45 | 0.20 | 1.00 | 0.20 | 0.30 | 7 | 0 | -0.30 | -0.01 | 22.10 | 21.00 | 7/17/2026 | No | 10 | 59 | None | |
| F | Ford Motor Company | Options Chain | 0.29 | 0.33 | 0.10 | 0.50 | 0.20 | 0.43 | 13 | 16 | -0.23 | -0.01 | 14.89 | 13.00 | 7/24/2026 | No | 9 | 46 | None | |
| CRM | Salesforce Inc | Options Chain | 4.25 | 5.75 | 0.92 | 5.00 | 0.18 | 0.43 | 45 | 24 | -0.30 | -0.12 | 175.00 | 160.00 | 7/24/2026 | No | 11 | 63 | None | |
| SJM | J.M. Smucker Company | Options Chain | 1.50 | 1.85 | 0.90 | 5.00 | 0.18 | 0.30 | 170 | 63 | -0.25 | -0.06 | 112.39 | 110.00 | 7/17/2026 | Yes | 5 | 59 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.34 | 0 | 1 | -0.27 | -0.02 | 28.50 | 27.00 | 7/17/2026 | Yes | 15 | 61 | None | |
| V | Visa Inc - Class A | Options Chain | 4.20 | 6.45 | 0.88 | 5.00 | 0.18 | 0.26 | 3 | 6 | -0.27 | -0.14 | 325.05 | 310.00 | 7/24/2026 | No | 11 | 70 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.40 | 0.17 | 1.00 | 0.17 | 0.41 | 2 | 5 | -0.22 | -0.01 | 19.20 | 18.00 | 7/17/2026 | No | 7 | 53 | None | |
| VTRS | Viatris Inc | Options Chain | 0.35 | 0.45 | 0.17 | 1.00 | 0.17 | 0.37 | 205 | 15 | -0.29 | -0.01 | 16.20 | 15.00 | 7/17/2026 | No | 6 | 51 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.35 | 1.50 | 0.85 | 5.00 | 0.17 | 0.39 | 81 | 56 | -0.23 | -0.05 | 82.20 | 75.00 | 7/17/2026 | No | 11 | 56 | None | |
| PCAR | Paccar Inc | Options Chain | 0.90 | 1.30 | 0.75 | 5.00 | 0.15 | 0.32 | 4757 | 52 | -0.17 | -0.05 | 119.85 | 105.00 | 7/17/2026 | No | 10 | 62 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.24 | 1 | 2 | -0.24 | -0.01 | 35.85 | 34.00 | 7/17/2026 | No | 8 | 60 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.32 | 7 | 2 | -0.27 | -0.01 | 16.74 | 16.00 | 7/17/2026 | Yes | 9 | 57 | None | |
| TGT | Target Corp | Options Chain | 2.52 | 3.05 | 0.15 | 1.00 | 0.15 | 0.33 | 5 | 0 | -0.29 | -0.07 | 126.61 | 121.00 | 7/24/2026 | No | 12 | 63 | None |