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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | Bank Of America Corp | Options Chain | 0.85 | 1.69 | 0.51 | 1.00 | 0.51 | 0.29 | 3 | 5 | -0.30 | -0.03 | 56.02 | 54.00 | 7/31/2026 | No | 11 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.76 | 2.47 | 0.44 | 1.00 | 0.44 | 0.34 | 1 | 0 | -0.30 | -0.05 | 83.14 | 80.00 | 7/31/2026 | Yes | 10 | 64 | None | |
| F | Ford Motor Company | Options Chain | 0.41 | 0.67 | 0.19 | 0.50 | 0.38 | 0.44 | 29 | 1 | -0.30 | -0.01 | 14.84 | 14.00 | 7/31/2026 | No | 9 | 46 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.80 | 9.95 | 1.85 | 5.00 | 0.37 | 0.32 | 4 | 2 | -0.29 | -0.24 | 408.68 | 390.00 | 7/31/2026 | Yes | 10 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.45 | 17.40 | 1.85 | 5.00 | 0.37 | 0.49 | 23 | 24 | -0.30 | -0.33 | 441.40 | 410.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| AA | Alcoa Corp | Options Chain | 2.59 | 3.15 | 0.37 | 1.00 | 0.37 | 0.61 | 6 | 15 | -0.30 | -0.05 | 68.80 | 58.00 | 7/31/2026 | No | 9 | 55 | None | |
| APA | APA Corporation | Options Chain | 0.91 | 1.40 | 0.36 | 1.00 | 0.36 | 0.50 | 10 | 1 | -0.28 | -0.02 | 36.98 | 32.00 | 7/31/2026 | No | 15 | 62 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.15 | 25.05 | 1.77 | 5.00 | 0.35 | 0.74 | 0 | 1 | -0.30 | -0.43 | 395.57 | 370.00 | 7/31/2026 | No | 11 | 52 | None | |
| ACN | Accenture plc - Class A | Options Chain | 4.00 | 7.90 | 1.75 | 5.00 | 0.35 | 0.55 | 0 | 5 | -0.28 | -0.12 | 170.49 | 150.00 | 7/31/2026 | No | 14 | 59 | None | |
| GLW | Corning Inc | Options Chain | 9.90 | 12.00 | 0.85 | 2.50 | 0.34 | 0.79 | 0 | 10 | -0.29 | -0.22 | 179.20 | 167.50 | 7/31/2026 | No | 8 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 9.10 | 10.55 | 1.63 | 5.00 | 0.33 | 0.49 | 61 | 13 | -0.30 | -0.20 | 272.24 | 250.00 | 7/31/2026 | No | 14 | 70 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.45 | 12.90 | 1.50 | 5.00 | 0.30 | 0.46 | 8 | 40 | -0.28 | -0.26 | 382.55 | 365.00 | 7/31/2026 | No | 10 | 62 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.78 | 1.25 | 0.30 | 1.00 | 0.30 | 0.38 | 0 | 1 | -0.26 | -0.03 | 45.31 | 41.00 | 7/31/2026 | No | 10 | 60 | None | |
| HD | Home Depot Inc | Options Chain | 5.05 | 7.35 | 1.47 | 5.00 | 0.29 | 0.28 | 159 | 151 | -0.28 | -0.16 | 328.39 | 315.00 | 7/31/2026 | No | 8 | 69 | None | |
| C | Citigroup Inc | Options Chain | 2.96 | 3.90 | 0.29 | 1.00 | 0.29 | 0.33 | 0 | 1 | -0.30 | -0.08 | 139.83 | 135.00 | 7/31/2026 | No | 11 | 69 | None | |
| DOW | Dow Inc | Options Chain | 0.60 | 1.08 | 0.27 | 1.00 | 0.27 | 0.46 | 6 | 3 | -0.25 | -0.02 | 33.85 | 30.00 | 7/31/2026 | No | 6 | 50 | None | |
| VST | Vistra Corp | Options Chain | 4.30 | 5.00 | 1.32 | 5.00 | 0.26 | 0.51 | 14 | 12 | -0.25 | -0.12 | 153.52 | 140.00 | 7/31/2026 | No | 7 | 56 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.67 | 3.75 | 1.31 | 5.00 | 0.26 | 0.31 | 15 | 33 | -0.29 | -0.08 | 147.01 | 135.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| HON | Honeywell International Inc | Options Chain | 3.60 | 6.60 | 1.27 | 5.00 | 0.25 | 0.35 | 0 | 1 | -0.27 | -0.14 | 220.31 | 215.00 | 7/31/2026 | No | 7 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.18 | 1.19 | 0.25 | 1.00 | 0.25 | 0.26 | 56 | 13 | -0.22 | -0.01 | 47.07 | 44.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 3.50 | 4.10 | 1.22 | 5.00 | 0.24 | 0.43 | 40 | 12 | -0.24 | -0.10 | 165.70 | 150.00 | 7/31/2026 | No | 15 | 71 | None | |
| WMT | Walmart Inc | Options Chain | 1.71 | 2.55 | 0.24 | 1.00 | 0.24 | 0.26 | 0 | 10 | -0.30 | -0.06 | 120.82 | 116.00 | 7/31/2026 | No | 10 | 57 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.30 | 7.50 | 1.07 | 5.00 | 0.21 | 0.30 | 157 | 175 | -0.28 | -0.20 | 390.68 | 380.00 | 7/24/2026 | No | 12 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.50 | 0.21 | 1.00 | 0.21 | 0.28 | 35 | 48 | -0.28 | -0.01 | 23.29 | 22.00 | 7/31/2026 | Yes | 8 | 61 | None |