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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.09 | 2.24 | 0.54 | 1.00 | 0.54 | 0.49 | 1 | 2 | -0.30 | -0.03 | 49.60 | 46.00 | 8/28/2026 | Yes | 13 | 51 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.37 | 0.89 | 0.27 | 0.50 | 0.54 | 0.36 | 7 | 7 | -0.28 | -0.01 | 25.86 | 24.50 | 8/28/2026 | Yes | 8 | 58 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.85 | 6.50 | 1.65 | 5.00 | 0.33 | 0.48 | 14 | 0 | -0.28 | -0.14 | 213.12 | 195.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| ORCL | Oracle Corp | Options Chain | 5.55 | 6.00 | 1.63 | 5.00 | 0.33 | 0.66 | 7 | 28 | -0.30 | -0.14 | 121.38 | 115.00 | 8/28/2026 | No | 9 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 2.16 | 2.42 | 0.32 | 1.00 | 0.32 | 0.31 | 4 | 13 | -0.29 | -0.06 | 114.24 | 106.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.43 | 3.05 | 0.31 | 1.00 | 0.31 | 0.31 | 1 | 1 | -0.28 | -0.06 | 147.36 | 143.00 | 8/28/2026 | Yes | 11 | 71 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.92 | 1.17 | 0.31 | 1.00 | 0.31 | 0.36 | 6 | 2 | -0.30 | -0.02 | 43.42 | 41.00 | 8/28/2026 | No | 14 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.70 | 15.85 | 1.53 | 5.00 | 0.31 | 0.53 | 11 | 9 | -0.30 | -0.35 | 402.30 | 390.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| T | AT&T Inc | Options Chain | 0.44 | 0.60 | 0.14 | 0.50 | 0.28 | 0.31 | 7 | 2 | -0.30 | -0.01 | 21.95 | 21.00 | 8/28/2026 | Yes | 9 | 61 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.75 | 0.95 | 0.27 | 1.00 | 0.27 | 0.52 | 0 | 26 | -0.26 | -0.02 | 30.51 | 27.00 | 8/28/2026 | Yes | 6 | 48 | None | |
| MMM | 3M Company | Options Chain | 2.52 | 4.00 | 1.32 | 5.00 | 0.26 | 0.28 | 6 | 11 | -0.28 | -0.06 | 159.11 | 165.00 | 8/28/2026 | Yes | 7 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.17 | 0.24 | 1.00 | 0.24 | 0.22 | 1 | 0 | -0.30 | -0.03 | 82.05 | 79.00 | 8/28/2026 | Yes | 9 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.28 | 0.33 | 0.12 | 0.50 | 0.24 | 0.41 | 5 | 0 | -0.24 | -0.01 | 13.99 | 13.00 | 8/28/2026 | Yes | 9 | 48 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.25 | 7.05 | 1.17 | 5.00 | 0.23 | 0.32 | 2 | 0 | -0.28 | -0.22 | 426.09 | 410.00 | 8/28/2026 | No | 13 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.61 | 0.82 | 0.23 | 1.00 | 0.23 | 0.29 | 16 | 22 | -0.24 | -0.02 | 43.59 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.37 | 0.63 | 0.22 | 1.00 | 0.22 | 0.31 | 3 | 0 | -0.25 | -0.01 | 23.78 | 22.00 | 8/28/2026 | Yes | 16 | 68 | None | |
| TGT | Target Corp | Options Chain | 3.65 | 4.30 | 0.18 | 1.00 | 0.18 | 0.43 | 0 | 4 | -0.30 | -0.07 | 139.59 | 130.00 | 8/28/2026 | Yes | 12 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.66 | 0.72 | 0.17 | 1.00 | 0.17 | 0.24 | 3 | 0 | -0.27 | -0.03 | 60.42 | 58.00 | 8/28/2026 | No | 9 | 65 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.75 | 2.24 | 0.16 | 1.00 | 0.16 | 0.28 | 78 | 54 | -0.30 | -0.04 | 102.54 | 98.00 | 8/28/2026 | Yes | 14 | 70 | None |