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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KHC | Kraft Heinz Company | Options Chain | 0.36 | 0.68 | 0.26 | 0.50 | 0.52 | 0.32 | 0 | 5 | -0.27 | -0.01 | 24.73 | 23.50 | 10/30/2026 | No | 7 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.90 | 1.55 | 0.49 | 1.00 | 0.49 | 0.37 | 0 | 5 | -0.29 | -0.03 | 48.55 | 46.00 | 10/30/2026 | No | 13 | 64 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.42 | 3.15 | 0.49 | 1.00 | 0.49 | 0.63 | 1 | 70 | -0.29 | -0.06 | 57.53 | 56.00 | 10/30/2026 | No | 9 | 54 | None | |
| C | Citigroup Inc | Options Chain | 2.30 | 3.30 | 0.47 | 1.00 | 0.47 | 0.32 | 3 | 44 | -0.29 | -0.07 | 133.45 | 126.00 | 10/30/2026 | Yes | 16 | 78 | None | |
| PCG | PG&E Corp | Options Chain | 0.28 | 0.66 | 0.21 | 0.50 | 0.42 | 0.49 | 2 | 2 | -0.30 | -0.01 | 13.35 | 12.50 | 10/30/2026 | Yes | 14 | 58 | None | |
| SLB | SLB | Options Chain | 1.11 | 1.60 | 0.41 | 1.00 | 0.41 | 0.39 | 10 | 0 | -0.28 | -0.03 | 52.30 | 49.00 | 10/30/2026 | Yes | 7 | 63 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.95 | 0.40 | 1.00 | 0.40 | 0.50 | 0 | 1 | -0.29 | -0.04 | 47.58 | 46.00 | 10/30/2026 | No | 19 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.75 | 13.10 | 1.95 | 5.00 | 0.39 | 0.36 | 9 | 4 | -0.30 | -0.22 | 375.26 | 360.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.03 | 1.56 | 0.36 | 1.00 | 0.36 | 0.33 | 155 | 21 | -0.27 | -0.02 | 63.71 | 59.00 | 10/30/2026 | Yes | 15 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.55 | 1.92 | 0.34 | 1.00 | 0.34 | 0.30 | 0 | 11 | -0.28 | -0.05 | 87.05 | 83.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.93 | 2.48 | 0.34 | 1.00 | 0.34 | 0.42 | 0 | 6 | -0.29 | -0.05 | 78.12 | 74.00 | 10/30/2026 | Yes | 14 | 67 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 1.65 | 2.50 | 0.33 | 1.00 | 0.33 | 0.41 | 14 | 3 | -0.27 | -0.04 | 76.74 | 74.00 | 10/30/2026 | Yes | 13 | 58 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.06 | 1.43 | 0.33 | 1.00 | 0.33 | 0.33 | 0 | 7 | -0.28 | -0.03 | 59.50 | 56.00 | 10/30/2026 | No | 10 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.10 | 2.90 | 0.33 | 1.00 | 0.33 | 0.49 | 0 | 1 | -0.30 | -0.05 | 69.52 | 66.00 | 10/30/2026 | Yes | 11 | 63 | None | |
| GLW | Corning Inc | Options Chain | 6.10 | 6.90 | 1.65 | 5.00 | 0.33 | 0.64 | 29 | 55 | -0.28 | -0.15 | 144.16 | 135.00 | 10/30/2026 | Yes | 8 | 52 | None | |
| CRM | Salesforce Inc | Options Chain | 6.45 | 7.50 | 1.65 | 5.00 | 0.33 | 0.40 | 11 | 19 | -0.30 | -0.16 | 251.40 | 230.00 | 10/30/2026 | No | 14 | 70 | None | |
| HD | Home Depot Inc | Options Chain | 3.35 | 6.80 | 1.63 | 5.00 | 0.33 | 0.26 | 18 | 20 | -0.28 | -0.14 | 303.69 | 290.00 | 10/30/2026 | No | 8 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 5.60 | 0.32 | 1.00 | 0.32 | 0.52 | 1 | 3 | -0.29 | -0.11 | 144.57 | 139.00 | 10/30/2026 | No | 12 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.88 | 1.18 | 0.31 | 1.00 | 0.31 | 0.42 | 43 | 34 | -0.29 | -0.02 | 36.04 | 34.00 | 10/30/2026 | Yes | 14 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.59 | 1.09 | 0.30 | 1.00 | 0.30 | 0.26 | 15 | 125 | -0.27 | -0.01 | 49.76 | 46.00 | 10/30/2026 | No | 10 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 1.06 | 1.28 | 0.30 | 1.00 | 0.30 | 0.21 | 13 | 14 | -0.28 | -0.03 | 87.88 | 85.00 | 10/30/2026 | Yes | 9 | 61 | None | |
| GM | General Motors Company | Options Chain | 1.67 | 2.41 | 0.30 | 1.00 | 0.30 | 0.38 | 0 | 4 | -0.28 | -0.05 | 84.32 | 81.00 | 10/30/2026 | Yes | 8 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.80 | 10.85 | 1.48 | 5.00 | 0.30 | 0.34 | 22 | 18 | -0.30 | -0.24 | 417.72 | 410.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 4.00 | 4.70 | 1.46 | 5.00 | 0.29 | 0.43 | 14 | 78 | -0.30 | -0.10 | 140.39 | 135.00 | 10/30/2026 | No | 6 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.85 | 7.25 | 1.45 | 5.00 | 0.29 | 0.48 | 15 | 55 | -0.28 | -0.13 | 184.84 | 175.00 | 10/30/2026 | No | 12 | 70 | None | |
| HAL | Halliburton Company | Options Chain | 0.83 | 1.07 | 0.29 | 1.00 | 0.29 | 0.41 | 1 | 0 | -0.28 | -0.02 | 34.51 | 32.00 | 10/30/2026 | Yes | 12 | 56 | None | |
| NVO | Novo Nordisk | Options Chain | 0.97 | 1.24 | 0.29 | 1.00 | 0.29 | 0.36 | 20 | 0 | -0.30 | -0.02 | 41.91 | 41.00 | 10/30/2026 | No | 11 | 48 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 2.45 | 4.10 | 1.43 | 5.00 | 0.29 | 0.27 | 15 | 2 | -0.29 | -0.07 | 194.26 | 185.00 | 10/30/2026 | No | 10 | 63 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.45 | 0.68 | 0.27 | 1.00 | 0.27 | 0.27 | 15 | 8 | -0.29 | -0.01 | 30.84 | 30.00 | 10/30/2026 | Yes | 10 | 67 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.80 | 5.40 | 1.30 | 5.00 | 0.26 | 0.25 | 6 | 6 | -0.30 | -0.12 | 267.83 | 260.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.90 | 3.30 | 0.65 | 2.50 | 0.26 | 0.30 | 21 | 15 | -0.28 | -0.08 | 163.32 | 155.00 | 10/30/2026 | Yes | 11 | 66 | None | |
| EQT | EQT Corp | Options Chain | 0.88 | 1.21 | 0.26 | 1.00 | 0.26 | 0.32 | 6 | 0 | -0.27 | -0.02 | 50.74 | 48.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| AVGO | Broadcom Inc | Options Chain | 6.35 | 7.60 | 1.28 | 5.00 | 0.26 | 0.34 | 51 | 75 | -0.28 | -0.19 | 339.51 | 330.00 | 10/23/2026 | No | 10 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.96 | 2.39 | 0.25 | 1.00 | 0.25 | 0.30 | 1 | 0 | -0.30 | -0.05 | 108.20 | 105.00 | 10/30/2026 | No | 10 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.96 | 1.12 | 0.24 | 1.00 | 0.24 | 0.26 | 7 | 29 | -0.30 | -0.03 | 58.01 | 56.00 | 10/30/2026 | Yes | 13 | 74 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.10 | 3.50 | 1.19 | 5.00 | 0.24 | 0.22 | 21 | 111 | -0.28 | -0.10 | 249.49 | 240.00 | 10/30/2026 | No | 9 | 59 | None | |
| AMGN | AMGEN Inc | Options Chain | 5.00 | 7.65 | 1.18 | 5.00 | 0.24 | 0.29 | 1 | 0 | -0.26 | -0.16 | 376.35 | 360.00 | 10/30/2026 | No | 14 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.95 | 8.05 | 1.17 | 5.00 | 0.23 | 0.25 | 37 | 26 | -0.30 | -0.22 | 492.52 | 480.00 | 10/23/2026 | No | 11 | 66 | None | |
| DOW | Dow Inc | Options Chain | 0.45 | 0.88 | 0.23 | 1.00 | 0.23 | 0.43 | 21 | 55 | -0.24 | -0.02 | 30.08 | 27.00 | 10/30/2026 | Yes | 8 | 55 | None | |
| IP | International Paper Company | Options Chain | 0.80 | 1.15 | 0.23 | 1.00 | 0.23 | 0.44 | 1 | 0 | -0.27 | -0.03 | 33.76 | 33.00 | 10/30/2026 | Yes | 6 | 60 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.37 | 2.53 | 0.23 | 1.00 | 0.23 | 0.22 | 0 | 4 | -0.28 | -0.04 | 147.20 | 141.00 | 10/30/2026 | Yes | 11 | 72 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.00 | 6.75 | 1.13 | 5.00 | 0.23 | 0.44 | 3 | 14 | -0.27 | -0.16 | 238.48 | 220.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| T | AT&T Inc | Options Chain | 0.43 | 0.51 | 0.11 | 0.50 | 0.22 | 0.29 | 31 | 29 | -0.28 | -0.01 | 25.86 | 24.00 | 10/30/2026 | Yes | 10 | 58 | None | |
| HPQ | HP Inc | Options Chain | 0.93 | 1.24 | 0.11 | 0.50 | 0.22 | 0.47 | 2 | 1 | -0.30 | -0.02 | 32.69 | 32.00 | 10/30/2026 | No | 12 | 55 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.75 | 3.60 | 1.05 | 5.00 | 0.21 | 0.39 | 21 | 3 | -0.25 | -0.10 | 176.26 | 155.00 | 10/30/2026 | Yes | 11 | 75 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.30 | 0.10 | 0.50 | 0.20 | 0.37 | 58 | 35 | -0.22 | -0.01 | 13.41 | 12.50 | 10/30/2026 | Yes | 8 | 48 | None | |
| CVX | Chevron Corp | Options Chain | 2.66 | 3.85 | 0.99 | 5.00 | 0.20 | 0.29 | 6 | 7 | -0.25 | -0.10 | 212.34 | 200.00 | 10/30/2026 | Yes | 12 | 77 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.37 | 0.52 | 0.19 | 1.00 | 0.19 | 0.39 | 12 | 23 | -0.21 | -0.01 | 23.77 | 21.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.71 | 2.32 | 0.19 | 1.00 | 0.19 | 0.23 | 0 | 3 | -0.29 | -0.06 | 134.48 | 129.00 | 10/30/2026 | Yes | 8 | 55 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.50 | 6.95 | 0.83 | 5.00 | 0.17 | 0.26 | 5 | 55 | -0.30 | -0.14 | 352.75 | 335.00 | 10/30/2026 | Yes | 10 | 80 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.28 | 0.68 | 0.15 | 1.00 | 0.15 | 0.19 | 2 | 0 | -0.28 | -0.01 | 38.21 | 37.00 | 10/30/2026 | Yes | 12 | 67 | None |