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 | 1.01 | 1.50 | 0.40 | 1.00 | 0.40 | 0.40 | 23 | 5 | -0.30 | -0.03 | 41.02 | 39.00 | 7/24/2026 | No | 13 | 54 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.17 | 0.71 | 0.20 | 0.50 | 0.40 | 0.31 | 5 | 5 | -0.25 | -0.01 | 23.35 | 22.00 | 7/24/2026 | No | 8 | 58 | None | |
| CRM | Salesforce Inc | Options Chain | 5.20 | 6.35 | 1.92 | 5.00 | 0.38 | 0.45 | 3 | 1 | -0.29 | -0.13 | 184.05 | 170.00 | 7/24/2026 | No | 15 | 70 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 20.65 | 25.05 | 1.87 | 5.00 | 0.37 | 0.75 | 4 | 0 | -0.30 | -0.41 | 388.27 | 360.00 | 7/24/2026 | No | 14 | 57 | None | |
| HD | Home Depot Inc | Options Chain | 6.10 | 7.75 | 1.85 | 5.00 | 0.37 | 0.32 | 6 | 3 | -0.29 | -0.16 | 309.49 | 295.00 | 7/24/2026 | No | 8 | 67 | None | |
| GLW | Corning Inc | Options Chain | 11.10 | 13.30 | 0.92 | 2.50 | 0.37 | 0.80 | 5 | 8 | -0.30 | -0.22 | 175.23 | 170.00 | 7/24/2026 | No | 8 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 9.45 | 11.85 | 1.82 | 5.00 | 0.36 | 0.52 | 10 | 13 | -0.29 | -0.20 | 280.75 | 260.00 | 7/24/2026 | Yes | 13 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.00 | 16.70 | 1.80 | 5.00 | 0.36 | 0.50 | 5 | 8 | -0.29 | -0.30 | 411.53 | 395.00 | 7/24/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 3.35 | 0.96 | 3.00 | 0.32 | 0.61 | 2 | 14 | -0.28 | -0.05 | 63.37 | 58.00 | 7/24/2026 | Yes | 14 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 9.80 | 10.50 | 1.55 | 5.00 | 0.31 | 0.68 | 14 | 23 | -0.28 | -0.20 | 210.20 | 190.00 | 7/24/2026 | Yes | 9 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 11.85 | 13.85 | 1.55 | 5.00 | 0.31 | 0.78 | 105 | 9 | -0.29 | -0.24 | 211.76 | 195.00 | 7/24/2026 | No | 11 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.35 | 8.65 | 1.55 | 5.00 | 0.31 | 0.31 | 829 | 1459 | -0.30 | -0.22 | 411.74 | 395.00 | 7/17/2026 | No | 15 | 71 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.65 | 12.40 | 3.08 | 10.00 | 0.31 | 0.47 | 430 | 1381 | -0.29 | -0.28 | 385.02 | 370.00 | 7/17/2026 | No | 9 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.95 | 12.00 | 1.50 | 5.00 | 0.30 | 0.40 | 9 | 5 | -0.29 | -0.21 | 396.71 | 380.00 | 7/24/2026 | No | 11 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.05 | 7.05 | 1.45 | 5.00 | 0.29 | 0.31 | 9 | 4 | -0.29 | -0.13 | 311.10 | 295.00 | 7/24/2026 | Yes | 12 | 79 | None | |
| DOW | Dow Inc | Options Chain | 0.67 | 1.28 | 0.29 | 1.00 | 0.29 | 0.49 | 384 | 390 | -0.25 | -0.02 | 33.99 | 31.00 | 7/24/2026 | Yes | 6 | 49 | None | |
| KO | Coca-Cola Company | Options Chain | 0.67 | 1.31 | 0.28 | 1.00 | 0.28 | 0.21 | 5 | 5 | -0.26 | -0.02 | 79.48 | 76.00 | 7/24/2026 | Yes | 9 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.38 | 0.45 | 0.14 | 0.50 | 0.28 | 0.42 | 27 | 30 | -0.28 | -0.01 | 14.85 | 14.00 | 7/24/2026 | No | 9 | 46 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.70 | 0.27 | 1.00 | 0.27 | 0.24 | 62 | 0 | -0.26 | -0.02 | 45.41 | 43.00 | 7/17/2026 | No | 11 | 65 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.25 | 0.27 | 1.00 | 0.27 | 0.40 | 5 | 0 | -0.30 | -0.03 | 42.77 | 40.00 | 7/17/2026 | Yes | 16 | 77 | None | |
| VST | Vistra Corp | Options Chain | 5.00 | 5.80 | 1.25 | 5.00 | 0.25 | 0.53 | 4 | 1 | -0.28 | -0.12 | 147.32 | 135.00 | 7/24/2026 | No | 7 | 56 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.78 | 1.13 | 0.25 | 1.00 | 0.25 | 0.30 | 0 | 1 | -0.25 | -0.02 | 57.27 | 52.00 | 7/24/2026 | No | 15 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.19 | 0.54 | 0.24 | 1.00 | 0.24 | 0.29 | 46 | 7 | -0.28 | -0.01 | 22.78 | 21.00 | 7/24/2026 | Yes | 13 | 70 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 0.70 | 1.75 | 0.58 | 2.50 | 0.23 | 0.51 | 29 | 0 | -0.22 | -0.04 | 52.60 | 47.50 | 7/17/2026 | No | 13 | 53 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.70 | 0.22 | 1.00 | 0.22 | 0.39 | 15 | 0 | -0.29 | -0.01 | 24.21 | 23.00 | 7/17/2026 | No | 18 | 65 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.85 | 0.22 | 1.00 | 0.22 | 0.41 | 1 | 5 | -0.30 | -0.02 | 27.13 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| CLX | Clorox Company | Options Chain | 1.70 | 2.05 | 1.08 | 5.00 | 0.22 | 0.34 | 251 | 258 | -0.28 | -0.06 | 94.14 | 90.00 | 7/17/2026 | No | 14 | 56 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 0.85 | 1.20 | 0.53 | 2.50 | 0.21 | 0.27 | 0 | 3 | -0.25 | -0.02 | 72.60 | 67.50 | 7/17/2026 | No | 8 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.47 | 0.63 | 0.21 | 1.00 | 0.21 | 0.27 | 40 | 1 | -0.28 | -0.01 | 31.68 | 30.00 | 7/24/2026 | Yes | 8 | 60 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.40 | 0.55 | 0.20 | 1.00 | 0.20 | 0.26 | 1 | 0 | -0.22 | -0.02 | 38.89 | 37.00 | 7/17/2026 | No | 14 | 61 | None | |
| SJM | J.M. Smucker Company | Options Chain | 1.80 | 2.15 | 0.98 | 5.00 | 0.20 | 0.36 | 13 | 22 | -0.25 | -0.05 | 103.54 | 95.00 | 7/17/2026 | Yes | 5 | 58 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.20 | 1.60 | 0.90 | 5.00 | 0.18 | 0.41 | 18 | 1 | -0.25 | -0.04 | 62.69 | 60.00 | 7/17/2026 | No | 16 | 63 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.33 | 2 | 0 | -0.27 | -0.02 | 28.75 | 27.00 | 7/17/2026 | Yes | 18 | 70 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.24 | 0.91 | 0.18 | 1.00 | 0.18 | 0.37 | 0 | 8 | -0.28 | -0.01 | 23.82 | 22.00 | 7/24/2026 | No | 16 | 69 | None | |
| CNI | Canadian National Railway Company | Options Chain | 0.95 | 1.70 | 0.80 | 5.00 | 0.16 | 0.23 | 0 | 41 | -0.24 | -0.03 | 120.38 | 115.00 | 7/17/2026 | No | 12 | 72 | None | |
| GIS | General Mills Inc | Options Chain | 0.45 | 0.60 | 0.38 | 2.50 | 0.15 | 0.40 | 82 | 3 | -0.21 | -0.01 | 33.29 | 30.00 | 7/17/2026 | Yes | 11 | 63 | None | |
| SPG | Simon Property Group Inc | Options Chain | 1.85 | 2.55 | 0.75 | 5.00 | 0.15 | 0.23 | 16 | 3 | -0.19 | -0.04 | 209.95 | 195.00 | 7/17/2026 | No | 13 | 73 | None |