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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 11.15 | 14.50 | 2.40 | 5.00 | 0.48 | 0.66 | 11 | 8 | -0.29 | -0.20 | 236.34 | 195.00 | 7/24/2026 | Yes | 9 | 63 | None | |
| MO | Altria Group Inc | Options Chain | 0.76 | 2.15 | 0.46 | 1.00 | 0.46 | 0.23 | 1 | 0 | -0.26 | -0.01 | 70.60 | 69.00 | 7/24/2026 | No | 8 | 59 | None | |
| QCOM | Qualcomm Inc | Options Chain | 12.65 | 14.80 | 2.20 | 5.00 | 0.44 | 0.79 | 7 | 6 | -0.28 | -0.22 | 242.57 | 195.00 | 7/24/2026 | No | 11 | 61 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 21.65 | 25.55 | 2.07 | 5.00 | 0.41 | 0.76 | 1 | 6 | -0.29 | -0.40 | 422.05 | 355.00 | 7/24/2026 | No | 11 | 52 | None | |
| GLW | Corning Inc | Options Chain | 9.60 | 12.95 | 1.95 | 5.00 | 0.39 | 0.77 | 60 | 66 | -0.28 | -0.18 | 197.70 | 160.00 | 7/24/2026 | No | 9 | 54 | None | |
| APA | APA Corporation | Options Chain | 1.15 | 1.62 | 0.39 | 1.00 | 0.39 | 0.51 | 0 | 1 | -0.29 | -0.03 | 38.22 | 34.00 | 7/24/2026 | No | 15 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.40 | 1.84 | 0.36 | 1.00 | 0.36 | 0.49 | 0 | 2 | -0.26 | -0.02 | 34.79 | 31.00 | 7/24/2026 | Yes | 6 | 49 | None | |
| EQNR | Equinor ASA | Options Chain | 0.90 | 1.20 | 0.35 | 1.00 | 0.35 | 0.40 | 2 | 5 | -0.30 | -0.02 | 37.65 | 35.00 | 7/17/2026 | No | 9 | 50 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.09 | 4.95 | 1.03 | 3.00 | 0.34 | 0.61 | 0 | 7 | -0.29 | -0.05 | 69.69 | 58.00 | 7/24/2026 | Yes | 12 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.90 | 17.45 | 1.70 | 5.00 | 0.34 | 0.49 | 0 | 27 | -0.28 | -0.27 | 444.92 | 385.00 | 7/24/2026 | Yes | 20 | 62 |
Dividend Stock List |
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| ALLY | Ally Financial Inc | Options Chain | 1.05 | 1.40 | 0.33 | 1.00 | 0.33 | 0.40 | 67 | 0 | -0.29 | -0.03 | 42.41 | 40.00 | 7/17/2026 | Yes | 16 | 77 | None | |
| CRM | Salesforce Inc | Options Chain | 3.75 | 6.55 | 1.65 | 5.00 | 0.33 | 0.45 | 2 | 1 | -0.26 | -0.11 | 186.80 | 170.00 | 7/24/2026 | No | 11 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 8.55 | 12.25 | 1.57 | 5.00 | 0.31 | 0.49 | 50 | 13 | -0.27 | -0.19 | 299.71 | 260.00 | 7/24/2026 | Yes | 10 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.63 | 2.82 | 0.28 | 1.00 | 0.28 | 0.27 | 6 | 8 | -0.29 | -0.05 | 117.74 | 114.00 | 7/24/2026 | No | 10 | 57 | None | |
| COST | Costco Wholesale Corp | Options Chain | 13.05 | 19.00 | 1.40 | 5.00 | 0.28 | 0.24 | 14 | 8 | -0.27 | -0.39 | 973.61 | 940.00 | 7/24/2026 | No | 14 | 59 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.50 | 2.75 | 0.70 | 2.50 | 0.28 | 0.39 | 315 | 4 | -0.27 | -0.06 | 105.40 | 95.00 | 7/17/2026 | No | 9 | 72 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.70 | 1.85 | 0.68 | 2.50 | 0.27 | 0.45 | 13 | 7 | -0.28 | -0.05 | 65.87 | 60.00 | 7/17/2026 | No | 7 | 52 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.75 | 4.60 | 1.34 | 5.00 | 0.27 | 0.21 | 59 | 1 | -0.30 | -0.10 | 273.23 | 270.00 | 7/24/2026 | No | 12 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.20 | 7.70 | 1.32 | 5.00 | 0.26 | 0.30 | 2 | 7 | -0.28 | -0.11 | 310.70 | 295.00 | 7/24/2026 | Yes | 13 | 79 | None | |
| VST | Vistra Corp | Options Chain | 3.40 | 6.00 | 1.31 | 5.00 | 0.26 | 0.50 | 0 | 37 | -0.25 | -0.12 | 153.30 | 135.00 | 7/24/2026 | No | 7 | 56 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.90 | 4.20 | 1.30 | 5.00 | 0.26 | 0.53 | 49 | 41 | -0.25 | -0.10 | 146.77 | 125.00 | 7/17/2026 | No | 11 | 60 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.00 | 2.15 | 1.30 | 5.00 | 0.26 | 0.39 | 117 | 80 | -0.28 | -0.05 | 79.97 | 75.00 | 7/17/2026 | No | 14 | 65 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.75 | 2.15 | 1.27 | 5.00 | 0.25 | 0.39 | 10 | 4 | -0.30 | -0.04 | 66.11 | 60.00 | 7/17/2026 | No | 16 | 62 | None | |
| TGT | Target Corp | Options Chain | 2.53 | 3.45 | 0.25 | 1.00 | 0.25 | 0.32 | 0 | 7 | -0.29 | -0.07 | 123.85 | 117.00 | 7/24/2026 | No | 9 | 54 | None | |
| EXC | Exelon Corp | Options Chain | 0.55 | 1.00 | 0.25 | 1.00 | 0.25 | 0.25 | 2 | 7 | -0.29 | -0.02 | 44.63 | 44.00 | 7/17/2026 | No | 8 | 57 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.65 | 3.50 | 1.20 | 5.00 | 0.24 | 0.35 | 9 | 0 | -0.25 | -0.08 | 145.70 | 135.00 | 7/17/2026 | No | 10 | 60 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.12 | 1.82 | 0.23 | 1.00 | 0.23 | 0.28 | 4 | 4 | -0.27 | -0.03 | 85.86 | 81.00 | 7/24/2026 | Yes | 7 | 65 | None | |
| RF | Regions Financial Corp | Options Chain | 0.30 | 0.85 | 0.23 | 1.00 | 0.23 | 0.32 | 0 | 3 | -0.29 | -0.01 | 28.43 | 27.00 | 7/17/2026 | Yes | 18 | 70 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.10 | 2.65 | 1.05 | 5.00 | 0.21 | 0.55 | 20 | 30 | -0.23 | -0.07 | 92.17 | 75.00 | 7/17/2026 | No | 21 | 72 |
Dividend Stock List |
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| CSCO | Cisco Systems Inc | Options Chain | 1.40 | 5.40 | 0.83 | 4.00 | 0.21 | 0.38 | 6 | 0 | -0.29 | -0.06 | 130.00 | 114.00 | 7/24/2026 | No | 10 | 60 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.22 | 0 | 1 | -0.25 | -0.01 | 35.16 | 34.00 | 7/17/2026 | No | 8 | 60 | None | |
| VTRS | Viatris Inc | Options Chain | 0.25 | 0.40 | 0.20 | 1.00 | 0.20 | 0.35 | 312 | 0 | -0.26 | -0.01 | 15.90 | 15.00 | 7/17/2026 | No | 6 | 51 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.75 | 0.20 | 1.00 | 0.20 | 0.38 | 67 | 8 | -0.28 | -0.01 | 25.01 | 23.00 | 7/17/2026 | No | 18 | 59 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.03 | 0.84 | 0.17 | 1.00 | 0.17 | 0.21 | 5 | 0 | -0.23 | -0.02 | 38.18 | 36.00 | 7/24/2026 | No | 12 | 67 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.70 | 0.17 | 1.00 | 0.17 | 0.45 | 3 | 3 | -0.23 | -0.02 | 28.08 | 25.00 | 7/17/2026 | No | 7 | 56 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.38 | 0.54 | 0.17 | 1.00 | 0.17 | 0.27 | 2 | 0 | -0.25 | -0.01 | 31.70 | 30.00 | 7/24/2026 | Yes | 11 | 67 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.20 | 0.50 | 0.17 | 1.00 | 0.17 | 0.36 | 1 | 1 | -0.26 | -0.01 | 20.16 | 18.00 | 7/17/2026 | No | 9 | 61 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.45 | 1.55 | 0.82 | 5.00 | 0.16 | 0.41 | 189 | 16 | -0.20 | -0.05 | 88.78 | 75.00 | 7/17/2026 | No | 11 | 24 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.25 | 1.65 | 0.75 | 5.00 | 0.15 | 0.20 | 96 | 22 | -0.27 | -0.05 | 121.82 | 120.00 | 7/17/2026 | No | 11 | 75 | None |