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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.35 | 2.50 | 0.88 | 2.50 | 0.35 | 0.45 | 1 | 0 | -0.25 | -0.04 | 63.67 | 60.00 | 10/16/2026 | No | 9 | 55 | None | |
| HAL | Halliburton Company | Options Chain | 1.11 | 1.16 | 0.34 | 1.00 | 0.34 | 0.36 | 13 | 5 | -0.28 | -0.02 | 36.18 | 35.00 | 10/16/2026 | No | 10 | 48 | None | |
| ORCL | Oracle Corp | Options Chain | 6.45 | 6.60 | 1.58 | 5.00 | 0.32 | 0.64 | 437 | 66 | -0.28 | -0.13 | 150.85 | 135.00 | 10/16/2026 | Yes | 8 | 60 | None | |
| EQNR | Equinor ASA | Options Chain | 0.95 | 1.10 | 0.30 | 1.00 | 0.30 | 0.36 | 10 | 1 | -0.27 | -0.02 | 41.39 | 40.00 | 10/16/2026 | No | 11 | 58 | None | |
| EQT | EQT Corp | Options Chain | 1.21 | 1.32 | 0.71 | 2.50 | 0.28 | 0.30 | 20 | 3 | -0.28 | -0.03 | 54.66 | 52.50 | 10/16/2026 | No | 11 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.20 | 4.45 | 1.39 | 5.00 | 0.28 | 0.42 | 96 | 88 | -0.26 | -0.09 | 164.19 | 155.00 | 10/16/2026 | No | 10 | 63 | None | |
| TGT | Target Corp | Options Chain | 3.50 | 3.70 | 1.34 | 5.00 | 0.27 | 0.30 | 34 | 10 | -0.28 | -0.08 | 163.23 | 155.00 | 10/16/2026 | No | 14 | 72 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.55 | 1.95 | 0.65 | 2.50 | 0.26 | 0.32 | 0 | 2 | -0.30 | -0.04 | 81.54 | 77.50 | 10/16/2026 | No | 17 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.70 | 8.95 | 2.53 | 10.00 | 0.25 | 0.35 | 108 | 252 | -0.25 | -0.19 | 418.89 | 390.00 | 10/16/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| SLB | SLB | Options Chain | 1.33 | 1.41 | 0.60 | 2.50 | 0.24 | 0.36 | 118 | 78 | -0.29 | -0.03 | 57.33 | 55.00 | 10/16/2026 | Yes | 7 | 59 | None | |
| CRM | Salesforce Inc | Options Chain | 5.85 | 6.05 | 2.30 | 10.00 | 0.23 | 0.39 | 84 | 39 | -0.28 | -0.14 | 256.00 | 240.00 | 10/16/2026 | No | 15 | 71 | None | |
| EIX | Edison International | Options Chain | 1.30 | 1.40 | 0.57 | 2.50 | 0.23 | 0.45 | 401 | 47 | -0.19 | -0.02 | 70.17 | 50.00 | 10/16/2026 | No | 10 | 63 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.48 | 0.22 | 1.00 | 0.22 | 0.17 | 2 | 0 | -0.26 | -0.01 | 39.00 | 38.00 | 10/16/2026 | No | 9 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.96 | 1.02 | 0.54 | 2.50 | 0.22 | 0.34 | 9 | 9 | -0.24 | -0.02 | 47.48 | 45.00 | 10/16/2026 | No | 10 | 57 | None | |
| CVX | Chevron Corp | Options Chain | 2.81 | 2.96 | 1.05 | 5.00 | 0.21 | 0.26 | 236 | 35 | -0.23 | -0.08 | 204.35 | 195.00 | 10/16/2026 | No | 11 | 69 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.45 | 2.61 | 1.04 | 5.00 | 0.21 | 0.28 | 91 | 797 | -0.24 | -0.07 | 156.44 | 150.00 | 10/16/2026 | No | 11 | 66 | None | |
| COP | Conoco Phillips | Options Chain | 2.20 | 2.37 | 1.03 | 5.00 | 0.21 | 0.31 | 18 | 17 | -0.24 | -0.07 | 129.95 | 125.00 | 10/16/2026 | No | 10 | 70 | None | |
| NVO | Novo Nordisk | Options Chain | 0.91 | 0.92 | 0.51 | 2.50 | 0.20 | 0.34 | 363 | 144 | -0.26 | -0.02 | 45.61 | 42.50 | 10/16/2026 | No | 14 | 58 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.65 | 0.20 | 1.00 | 0.20 | 0.23 | 0 | 2 | -0.25 | -0.01 | 43.93 | 41.00 | 10/16/2026 | No | 8 | 56 | None | |
| OKE | Oneok Inc | Options Chain | 1.55 | 1.70 | 0.98 | 5.00 | 0.20 | 0.29 | 6 | 3 | -0.24 | -0.04 | 94.50 | 90.00 | 10/16/2026 | No | 14 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.91 | 0.98 | 0.49 | 2.50 | 0.20 | 0.32 | 870 | 6 | -0.22 | -0.02 | 59.10 | 55.00 | 10/16/2026 | No | 10 | 55 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.30 | 1.60 | 0.97 | 5.00 | 0.19 | 0.34 | 77 | 18 | -0.27 | -0.03 | 62.41 | 60.00 | 10/16/2026 | No | 15 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.79 | 0.82 | 0.47 | 2.50 | 0.19 | 0.44 | 126 | 126 | -0.22 | -0.02 | 39.55 | 35.00 | 10/16/2026 | Yes | 14 | 59 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 0.95 | 1.25 | 0.90 | 5.00 | 0.18 | 0.35 | 5 | 0 | -0.23 | -0.02 | 55.33 | 50.00 | 10/16/2026 | Yes | 7 | 56 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.50 | 1.15 | 0.18 | 1.00 | 0.18 | 0.39 | 0 | 1 | -0.27 | -0.02 | 31.58 | 30.00 | 10/16/2026 | No | 13 | 68 | None | |
| AA | Alcoa Corp | Options Chain | 1.20 | 1.41 | 0.89 | 5.00 | 0.18 | 0.51 | 1 | 10 | -0.23 | -0.03 | 50.32 | 45.00 | 10/16/2026 | Yes | 17 | 52 | None | |
| WMT | Walmart Inc | Options Chain | 1.34 | 1.35 | 0.87 | 5.00 | 0.17 | 0.23 | 438 | 189 | -0.26 | -0.04 | 103.09 | 100.00 | 10/16/2026 | No | 8 | 56 | None | |
| KO | Coca-Cola Company | Options Chain | 0.84 | 0.89 | 0.43 | 2.50 | 0.17 | 0.20 | 116 | 77 | -0.25 | -0.02 | 89.66 | 85.00 | 10/16/2026 | No | 11 | 67 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.30 | 1.40 | 0.85 | 5.00 | 0.17 | 0.38 | 88 | 1 | -0.25 | -0.04 | 64.59 | 60.00 | 10/16/2026 | No | 13 | 72 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.20 | 1.30 | 0.82 | 5.00 | 0.16 | 0.29 | 65 | 14 | -0.26 | -0.03 | 73.73 | 70.00 | 10/16/2026 | No | 8 | 63 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.66 | 0.74 | 0.40 | 2.50 | 0.16 | 0.40 | 66 | 17 | -0.22 | -0.02 | 39.64 | 35.00 | 10/16/2026 | No | 13 | 61 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.80 | 0.40 | 2.50 | 0.16 | 0.26 | 4 | 1 | -0.25 | -0.02 | 53.13 | 47.50 | 10/16/2026 | Yes | 15 | 75 | None | |
| KEY | Keycorp | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.27 | 1 | 0 | -0.18 | -0.01 | 21.91 | 20.00 | 10/16/2026 | Yes | 14 | 68 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.15 | 0.30 | 0.15 | 1.00 | 0.15 | 0.43 | 4 | 0 | -0.21 | 0.00 | 9.95 | 9.00 | 10/16/2026 | Yes | 15 | 51 | None |