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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FDS | Factset Research Systems Inc | Options Chain | 10.50 | 12.60 | 3.90 | 10.00 | 0.39 | 0.52 | 3 | 0 | -0.29 | -0.24 | 306.07 | 290.00 | 10/16/2026 | Yes | 10 | 47 | None | |
| EQNR | Equinor ASA | Options Chain | 0.80 | 1.15 | 0.38 | 1.00 | 0.38 | 0.38 | 20 | 4 | -0.26 | -0.03 | 43.58 | 40.00 | 10/16/2026 | No | 12 | 59 | None | |
| IP | International Paper Company | Options Chain | 0.40 | 1.40 | 0.37 | 1.00 | 0.37 | 0.36 | 1 | 0 | -0.28 | -0.02 | 36.30 | 34.00 | 10/23/2026 | No | 6 | 60 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.00 | 8.70 | 1.80 | 5.00 | 0.36 | 0.41 | 1 | 8 | -0.30 | -0.14 | 231.70 | 220.00 | 10/23/2026 | Yes | 9 | 66 | None | |
| HD | Home Depot Inc | Options Chain | 4.40 | 7.30 | 1.72 | 5.00 | 0.34 | 0.26 | 7 | 8 | -0.28 | -0.13 | 318.51 | 305.00 | 10/23/2026 | No | 8 | 61 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.15 | 9.60 | 1.65 | 5.00 | 0.33 | 0.36 | 57 | 196 | -0.28 | -0.18 | 364.23 | 335.00 | 10/23/2026 | No | 13 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.60 | 11.50 | 1.57 | 5.00 | 0.31 | 0.34 | 2 | 0 | -0.30 | -0.20 | 415.97 | 395.00 | 10/23/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 3.00 | 6.80 | 1.54 | 5.00 | 0.31 | 0.43 | 10 | 36 | -0.30 | -0.09 | 144.22 | 135.00 | 10/23/2026 | No | 7 | 54 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.40 | 2.55 | 0.75 | 2.50 | 0.30 | 0.32 | 10 | 23 | -0.30 | -0.02 | 93.48 | 87.50 | 10/16/2026 | No | 8 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 7.15 | 7.90 | 0.30 | 1.00 | 0.30 | 0.61 | 0 | 38 | -0.30 | -0.12 | 145.75 | 141.00 | 10/23/2026 | Yes | 9 | 60 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 10.80 | 11.70 | 2.90 | 10.00 | 0.29 | 0.45 | 81 | 48 | -0.27 | -0.27 | 387.00 | 360.00 | 10/16/2026 | No | 12 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.70 | 5.35 | 1.45 | 5.00 | 0.29 | 0.42 | 0 | 10 | -0.26 | -0.10 | 168.57 | 155.00 | 10/23/2026 | No | 10 | 63 | None | |
| TGT | Target Corp | Options Chain | 2.78 | 3.65 | 0.67 | 2.50 | 0.27 | 0.30 | 4 | 10 | -0.27 | -0.07 | 163.36 | 155.00 | 10/23/2026 | No | 15 | 72 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.70 | 1.90 | 0.67 | 2.50 | 0.27 | 0.33 | 58 | 19 | -0.28 | -0.04 | 85.52 | 80.00 | 10/16/2026 | No | 16 | 57 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.40 | 10.00 | 1.32 | 5.00 | 0.26 | 0.26 | 15 | 12 | -0.30 | -0.22 | 496.82 | 490.00 | 10/23/2026 | No | 14 | 72 | None | |
| GLW | Corning Inc | Options Chain | 4.75 | 5.35 | 1.25 | 5.00 | 0.25 | 0.57 | 7 | 1 | -0.25 | -0.11 | 144.13 | 130.00 | 10/23/2026 | No | 9 | 52 | None | |
| WMT | Walmart Inc | Options Chain | 1.34 | 1.86 | 0.25 | 1.00 | 0.25 | 0.23 | 2 | 1 | -0.27 | -0.04 | 106.00 | 104.00 | 10/23/2026 | No | 8 | 56 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.90 | 0.25 | 1.00 | 0.25 | 0.34 | 22 | 1 | -0.30 | -0.02 | 31.72 | 31.00 | 10/16/2026 | No | 7 | 58 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.45 | 3.10 | 1.20 | 5.00 | 0.24 | 0.30 | 1261 | 0 | -0.29 | -0.06 | 139.25 | 135.00 | 10/16/2026 | No | 10 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.97 | 1.13 | 0.23 | 1.00 | 0.23 | 0.25 | 6 | 0 | -0.28 | -0.02 | 62.63 | 60.00 | 10/23/2026 | Yes | 9 | 65 | None | |
| NTAP | Netapp Inc | Options Chain | 3.90 | 7.10 | 1.15 | 5.00 | 0.23 | 0.47 | 70 | 71 | -0.28 | -0.11 | 180.77 | 170.00 | 10/16/2026 | No | 14 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 5.00 | 7.60 | 1.12 | 5.00 | 0.22 | 0.38 | 0 | 18 | -0.27 | -0.15 | 256.93 | 245.00 | 10/23/2026 | No | 15 | 70 | None | |
| CVX | Chevron Corp | Options Chain | 0.97 | 4.85 | 1.10 | 5.00 | 0.22 | 0.24 | 0 | 3 | -0.24 | -0.08 | 211.78 | 200.00 | 10/23/2026 | No | 13 | 77 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.50 | 0.70 | 0.22 | 1.00 | 0.22 | 0.28 | 27 | 0 | -0.24 | -0.02 | 42.96 | 41.00 | 10/16/2026 | Yes | 15 | 78 | None | |
| KO | Coca-Cola Company | Options Chain | 0.79 | 1.22 | 0.22 | 1.00 | 0.22 | 0.20 | 5 | 0 | -0.26 | -0.02 | 88.24 | 85.00 | 10/23/2026 | Yes | 9 | 61 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.95 | 1.25 | 0.20 | 1.00 | 0.20 | 0.41 | 5 | 1 | -0.28 | -0.02 | 38.24 | 36.00 | 10/23/2026 | Yes | 14 | 59 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.20 | 2 | 0 | -0.30 | -0.01 | 43.97 | 43.00 | 10/16/2026 | No | 11 | 64 | None | |
| EIX | Edison International | Options Chain | 1.05 | 1.15 | 0.45 | 2.50 | 0.18 | 0.44 | 331 | 38 | -0.21 | -0.02 | 55.19 | 50.00 | 10/16/2026 | No | 10 | 63 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.32 | 0.72 | 0.18 | 1.00 | 0.18 | 0.20 | 9 | 6 | -0.25 | -0.01 | 39.36 | 38.00 | 10/23/2026 | No | 12 | 67 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.09 | 4.50 | 0.88 | 5.00 | 0.18 | 0.20 | 15 | 12 | -0.28 | -0.09 | 260.95 | 250.00 | 10/23/2026 | No | 12 | 66 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.75 | 0.17 | 1.00 | 0.17 | 0.37 | 535 | 10 | -0.23 | -0.02 | 32.81 | 30.00 | 10/16/2026 | No | 12 | 68 | None | |
| VTRS | Viatris Inc | Options Chain | 0.10 | 0.50 | 0.17 | 1.00 | 0.17 | 0.32 | 5 | 8 | -0.26 | -0.01 | 16.94 | 16.00 | 10/16/2026 | No | 6 | 51 | None | |
| EQT | EQT Corp | Options Chain | 0.62 | 1.35 | 0.17 | 1.00 | 0.17 | 0.28 | 8 | 0 | -0.28 | -0.03 | 55.75 | 53.00 | 10/23/2026 | Yes | 14 | 69 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.41 | 0.08 | 0.50 | 0.16 | 0.34 | 4 | 14 | -0.29 | -0.01 | 14.14 | 13.50 | 10/23/2026 | Yes | 9 | 48 | None | |
| BCS | Barclays plc | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.31 | 2 | 0 | -0.20 | -0.01 | 26.20 | 25.00 | 10/16/2026 | No | 15 | 57 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.28 | 103 | 21 | -0.25 | -0.01 | 16.88 | 16.00 | 10/16/2026 | Yes | 9 | 57 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.25 | 74 | 49 | -0.26 | -0.01 | 21.65 | 21.00 | 10/16/2026 | Yes | 14 | 68 | None |