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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.17 | 2.83 | 0.56 | 1.00 | 0.56 | 0.60 | 2 | 1 | -0.30 | -0.04 | 55.61 | 52.00 | 10/30/2026 | No | 9 | 54 | None | |
| PCG | PG&E Corp | Options Chain | 0.23 | 0.55 | 0.22 | 0.50 | 0.44 | 0.53 | 0 | 2 | -0.24 | -0.01 | 13.23 | 12.00 | 10/30/2026 | Yes | 14 | 58 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.95 | 0.40 | 1.00 | 0.40 | 0.50 | 7 | 2 | -0.30 | -0.03 | 48.60 | 44.00 | 10/30/2026 | No | 19 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.28 | 0.35 | 0.20 | 0.50 | 0.40 | 0.39 | 97 | 73 | -0.28 | -0.01 | 13.51 | 12.50 | 10/30/2026 | Yes | 8 | 48 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.08 | 3.05 | 0.39 | 1.00 | 0.39 | 0.51 | 0 | 1 | -0.30 | -0.05 | 69.45 | 64.00 | 10/30/2026 | Yes | 10 | 63 | None | |
| SLB | SLB | Options Chain | 1.58 | 1.97 | 0.37 | 1.00 | 0.37 | 0.37 | 3 | 0 | -0.29 | -0.04 | 54.29 | 50.00 | 10/30/2026 | Yes | 8 | 65 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 2.19 | 2.81 | 0.36 | 1.00 | 0.36 | 0.30 | 0 | 5 | -0.30 | -0.06 | 107.94 | 101.00 | 10/30/2026 | Yes | 16 | 72 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.15 | 1.39 | 0.34 | 1.00 | 0.34 | 0.37 | 0 | 5 | -0.30 | -0.03 | 51.31 | 46.00 | 10/30/2026 | No | 13 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.72 | 2.38 | 0.32 | 1.00 | 0.32 | 0.30 | 2 | 11 | -0.28 | -0.05 | 110.20 | 102.00 | 10/30/2026 | No | 11 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.50 | 7.25 | 1.55 | 5.00 | 0.31 | 0.45 | 7 | 19 | -0.27 | -0.16 | 248.30 | 220.00 | 10/30/2026 | Yes | 9 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.80 | 10.25 | 1.53 | 5.00 | 0.31 | 0.34 | 12 | 30 | -0.28 | -0.24 | 414.14 | 395.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| DOW | Dow Inc | Options Chain | 0.66 | 1.09 | 0.30 | 1.00 | 0.30 | 0.44 | 2 | 20 | -0.29 | -0.02 | 29.92 | 28.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.92 | 2.45 | 0.30 | 1.00 | 0.30 | 0.29 | 0 | 20 | -0.30 | -0.05 | 89.94 | 84.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| CRM | Salesforce Inc | Options Chain | 6.75 | 7.90 | 1.45 | 5.00 | 0.29 | 0.43 | 3 | 5 | -0.29 | -0.17 | 255.85 | 235.00 | 10/30/2026 | No | 15 | 70 | None | |
| VST | Vistra Corp | Options Chain | 2.90 | 4.30 | 1.40 | 5.00 | 0.28 | 0.45 | 21 | 31 | -0.26 | -0.10 | 141.65 | 130.00 | 10/30/2026 | No | 6 | 54 | None | |
| ORCL | Oracle Corp | Options Chain | 4.55 | 4.85 | 1.37 | 5.00 | 0.27 | 0.53 | 57 | 65 | -0.27 | -0.10 | 139.81 | 130.00 | 10/30/2026 | No | 13 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.40 | 8.10 | 1.37 | 5.00 | 0.27 | 0.27 | 20 | 15 | -0.28 | -0.23 | 497.12 | 470.00 | 10/23/2026 | No | 11 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.85 | 6.80 | 1.35 | 5.00 | 0.27 | 0.28 | 16 | 20 | -0.27 | -0.12 | 352.75 | 330.00 | 10/30/2026 | Yes | 10 | 80 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.40 | 3.90 | 1.34 | 5.00 | 0.27 | 0.23 | 60 | 73 | -0.27 | -0.11 | 253.12 | 240.00 | 10/30/2026 | No | 9 | 59 | None | |
| GLW | Corning Inc | Options Chain | 4.50 | 7.40 | 1.32 | 5.00 | 0.26 | 0.64 | 63 | 42 | -0.27 | -0.14 | 143.48 | 130.00 | 10/30/2026 | Yes | 9 | 52 | None | |
| NVO | Novo Nordisk | Options Chain | 0.80 | 1.00 | 0.26 | 1.00 | 0.26 | 0.37 | 9 | 11 | -0.26 | -0.03 | 42.63 | 39.00 | 10/30/2026 | No | 11 | 48 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.79 | 3.75 | 0.61 | 2.50 | 0.24 | 0.31 | 30 | 1 | -0.28 | -0.08 | 169.20 | 155.00 | 10/30/2026 | Yes | 11 | 64 | None | |
| AVGO | Broadcom Inc | Options Chain | 6.30 | 7.70 | 1.20 | 5.00 | 0.24 | 0.36 | 59 | 67 | -0.27 | -0.20 | 339.27 | 320.00 | 10/23/2026 | No | 14 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.85 | 0.99 | 0.24 | 1.00 | 0.24 | 0.44 | 25 | 29 | -0.26 | -0.02 | 36.21 | 33.00 | 10/30/2026 | Yes | 14 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.51 | 0.64 | 0.12 | 0.50 | 0.24 | 0.29 | 11 | 49 | -0.28 | -0.01 | 26.75 | 24.50 | 10/30/2026 | Yes | 10 | 58 | None | |
| IP | International Paper Company | Options Chain | 0.70 | 1.05 | 0.23 | 1.00 | 0.23 | 0.47 | 0 | 1 | -0.25 | -0.02 | 33.99 | 31.00 | 10/30/2026 | Yes | 6 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.37 | 3.50 | 0.23 | 1.00 | 0.23 | 0.33 | 4 | 3 | -0.29 | -0.07 | 136.17 | 126.00 | 10/30/2026 | Yes | 14 | 69 | None | |
| CVX | Chevron Corp | Options Chain | 2.83 | 4.15 | 1.10 | 5.00 | 0.22 | 0.29 | 19 | 8 | -0.26 | -0.09 | 217.61 | 200.00 | 10/30/2026 | Yes | 12 | 77 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.05 | 9.45 | 1.10 | 5.00 | 0.22 | 0.36 | 5 | 33 | -0.27 | -0.20 | 375.84 | 355.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 1.09 | 0.22 | 1.00 | 0.22 | 0.28 | 64 | 1 | -0.26 | -0.03 | 59.52 | 55.00 | 10/30/2026 | Yes | 14 | 73 | None | |
| AXP | American Express Company | Options Chain | 3.80 | 5.80 | 1.06 | 5.00 | 0.21 | 0.28 | 6 | 73 | -0.27 | -0.12 | 324.43 | 295.00 | 10/30/2026 | Yes | 12 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.41 | 0.59 | 0.21 | 1.00 | 0.21 | 0.28 | 2 | 0 | -0.27 | -0.01 | 31.00 | 29.00 | 10/30/2026 | Yes | 10 | 67 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.95 | 1.40 | 0.20 | 1.00 | 0.20 | 0.33 | 1 | 9 | -0.27 | -0.03 | 63.49 | 56.00 | 10/30/2026 | No | 10 | 62 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.25 | 1.75 | 0.20 | 1.00 | 0.20 | 0.40 | 10 | 2 | -0.30 | -0.03 | 55.54 | 51.00 | 10/30/2026 | Yes | 7 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.76 | 0.89 | 0.19 | 1.00 | 0.19 | 0.26 | 38 | 28 | -0.25 | -0.01 | 51.47 | 47.00 | 10/30/2026 | No | 10 | 74 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.95 | 6.00 | 0.88 | 5.00 | 0.18 | 0.46 | 28 | 13 | -0.26 | -0.13 | 187.60 | 170.00 | 10/30/2026 | No | 12 | 70 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.42 | 0.57 | 0.17 | 1.00 | 0.17 | 0.34 | 1062 | 1 | -0.26 | -0.01 | 24.52 | 22.00 | 10/30/2026 | Yes | 15 | 67 | None |