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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 11.80 | 14.35 | 1.25 | 2.50 | 0.50 | 0.87 | 5 | 5 | -0.30 | -0.27 | 194.92 | 187.50 | 7/31/2026 | No | 10 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 11.65 | 13.90 | 1.18 | 2.50 | 0.47 | 0.83 | 35 | 1 | -0.29 | -0.30 | 226.50 | 200.00 | 7/31/2026 | Yes | 14 | 72 | None | |
| BAX | Baxter International Inc | Options Chain | 0.45 | 0.90 | 0.23 | 0.50 | 0.46 | 0.49 | 0 | 2 | -0.30 | -0.02 | 19.89 | 18.50 | 7/31/2026 | Yes | 8 | 36 | None | |
| COST | Costco Wholesale Corp | Options Chain | 10.30 | 17.25 | 2.30 | 5.00 | 0.46 | 0.23 | 20 | 30 | -0.29 | -0.38 | 951.98 | 920.00 | 7/31/2026 | No | 13 | 59 | None | |
| GM | General Motors Company | Options Chain | 1.85 | 2.61 | 0.44 | 1.00 | 0.44 | 0.45 | 6 | 10 | -0.28 | -0.06 | 79.40 | 75.00 | 7/31/2026 | Yes | 8 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.83 | 3.30 | 0.43 | 1.00 | 0.43 | 0.31 | 7 | 1 | -0.29 | -0.08 | 143.06 | 139.00 | 7/31/2026 | Yes | 13 | 77 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.10 | 24.40 | 1.92 | 5.00 | 0.38 | 0.77 | 2 | 3 | -0.30 | -0.48 | 409.50 | 380.00 | 7/31/2026 | No | 14 | 57 | None | |
| MMM | 3M Company | Options Chain | 2.80 | 4.35 | 0.92 | 2.50 | 0.37 | 0.35 | 0 | 1 | -0.29 | -0.10 | 161.06 | 155.00 | 7/31/2026 | Yes | 7 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 5.85 | 6.95 | 0.92 | 2.50 | 0.37 | 0.54 | 4 | 94 | -0.30 | -0.14 | 183.74 | 162.50 | 7/31/2026 | No | 7 | 61 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.18 | 3.05 | 0.35 | 1.00 | 0.35 | 0.56 | 0 | 1 | -0.30 | -0.06 | 68.74 | 64.00 | 7/31/2026 | Yes | 13 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.85 | 10.70 | 1.73 | 5.00 | 0.35 | 0.40 | 272 | 230 | -0.30 | -0.25 | 379.13 | 350.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| EQT | EQT Corp | Options Chain | 0.71 | 0.96 | 0.34 | 1.00 | 0.34 | 0.28 | 1 | 0 | -0.28 | -0.02 | 50.75 | 49.00 | 7/31/2026 | Yes | 11 | 63 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.36 | 1.90 | 0.32 | 1.00 | 0.32 | 0.28 | 21 | 3 | -0.30 | -0.04 | 86.74 | 83.00 | 7/31/2026 | Yes | 10 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.20 | 17.45 | 1.58 | 5.00 | 0.32 | 0.52 | 54 | 75 | -0.29 | -0.39 | 462.34 | 435.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 11.30 | 12.40 | 1.55 | 5.00 | 0.31 | 0.48 | 33 | 60 | -0.28 | -0.30 | 411.30 | 365.00 | 7/31/2026 | No | 13 | 64 | None | |
| ACN | Accenture plc - Class A | Options Chain | 3.60 | 5.00 | 1.55 | 5.00 | 0.31 | 0.50 | 24 | 18 | -0.30 | -0.07 | 127.98 | 115.00 | 7/31/2026 | No | 19 | 71 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.73 | 1.17 | 0.31 | 1.00 | 0.31 | 0.32 | 81 | 43 | -0.25 | -0.02 | 54.05 | 51.00 | 7/31/2026 | Yes | 15 | 66 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.65 | 9.95 | 1.52 | 5.00 | 0.30 | 0.52 | 18 | 22 | -0.29 | -0.20 | 249.10 | 235.00 | 7/31/2026 | Yes | 13 | 72 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.64 | 3.20 | 0.30 | 1.00 | 0.30 | 0.39 | 29 | 1 | -0.29 | -0.07 | 119.58 | 114.00 | 7/31/2026 | No | 9 | 62 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.55 | 2.20 | 0.30 | 1.00 | 0.30 | 0.58 | 2 | 0 | -0.29 | -0.04 | 49.00 | 45.00 | 7/31/2026 | No | 14 | 55 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.45 | 0.55 | 0.15 | 0.50 | 0.30 | 0.40 | 16 | 1 | -0.28 | -0.01 | 20.33 | 18.50 | 7/31/2026 | No | 13 | 41 | None | |
| VST | Vistra Corp | Options Chain | 4.70 | 6.60 | 1.42 | 5.00 | 0.28 | 0.52 | 2 | 1 | -0.29 | -0.13 | 163.53 | 155.00 | 7/31/2026 | No | 8 | 56 | None | |
| DOW | Dow Inc | Options Chain | 0.69 | 0.97 | 0.28 | 1.00 | 0.28 | 0.52 | 1185 | 447 | -0.24 | -0.02 | 31.79 | 28.00 | 7/31/2026 | Yes | 6 | 50 | None | |
| HAL | Halliburton Company | Options Chain | 0.77 | 1.10 | 0.28 | 1.00 | 0.28 | 0.41 | 3 | 10 | -0.29 | -0.02 | 34.93 | 33.00 | 7/31/2026 | Yes | 10 | 48 | None | |
| CRM | Salesforce Inc | Options Chain | 3.75 | 4.65 | 1.37 | 5.00 | 0.27 | 0.45 | 69 | 71 | -0.28 | -0.11 | 151.78 | 140.00 | 7/31/2026 | No | 15 | 71 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.72 | 0.90 | 0.27 | 1.00 | 0.27 | 0.28 | 19 | 93 | -0.28 | -0.01 | 45.49 | 43.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.84 | 1.22 | 0.26 | 1.00 | 0.26 | 0.39 | 4 | 9 | -0.27 | -0.03 | 43.19 | 43.00 | 7/31/2026 | No | 13 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.65 | 6.00 | 1.25 | 5.00 | 0.25 | 0.28 | 5 | 13 | -0.27 | -0.13 | 325.90 | 315.00 | 7/31/2026 | Yes | 11 | 77 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.10 | 9.55 | 1.20 | 5.00 | 0.24 | 0.36 | 0 | 10 | -0.28 | -0.26 | 400.00 | 385.00 | 7/31/2026 | No | 11 | 64 | None | |
| MO | Altria Group Inc | Options Chain | 0.81 | 1.11 | 0.23 | 1.00 | 0.23 | 0.27 | 2 | 16 | -0.26 | -0.04 | 69.35 | 66.00 | 7/31/2026 | Yes | 8 | 58 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.86 | 1.00 | 0.23 | 1.00 | 0.23 | 0.27 | 63 | 30 | -0.28 | -0.03 | 56.20 | 55.00 | 7/31/2026 | Yes | 14 | 74 | None | |
| V | Visa Inc - Class A | Options Chain | 4.75 | 5.75 | 1.15 | 5.00 | 0.23 | 0.27 | 5 | 3 | -0.28 | -0.15 | 327.24 | 315.00 | 7/31/2026 | No | 11 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.31 | 0.40 | 0.11 | 0.50 | 0.22 | 0.46 | 358 | 51 | -0.26 | -0.01 | 14.02 | 13.00 | 7/31/2026 | Yes | 8 | 47 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.14 | 0.21 | 1.00 | 0.21 | 0.22 | 71 | 89 | -0.28 | -0.03 | 79.42 | 77.00 | 7/31/2026 | Yes | 11 | 70 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.36 | 3.60 | 1.00 | 5.00 | 0.20 | 0.25 | 8 | 6 | -0.25 | -0.10 | 228.64 | 220.00 | 7/31/2026 | Yes | 9 | 66 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.63 | 3.20 | 1.00 | 5.00 | 0.20 | 0.21 | 279 | 257 | -0.26 | -0.12 | 279.34 | 260.00 | 7/31/2026 | No | 9 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.25 | 0.48 | 0.20 | 1.00 | 0.20 | 0.28 | 1 | 1 | -0.20 | -0.01 | 31.59 | 30.00 | 7/31/2026 | Yes | 8 | 60 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.65 | 1.00 | 0.20 | 1.00 | 0.20 | 0.53 | 2 | 6 | -0.25 | -0.02 | 30.23 | 27.00 | 7/31/2026 | Yes | 10 | 57 | None | |
| WMB | Williams Cos Inc | Options Chain | 0.75 | 1.20 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 1 | -0.27 | -0.04 | 73.12 | 71.00 | 7/31/2026 | No | 8 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.51 | 2.09 | 0.20 | 1.00 | 0.20 | 0.25 | 5 | 2 | -0.30 | -0.05 | 117.10 | 113.00 | 7/31/2026 | No | 9 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.32 | 2.02 | 0.20 | 1.00 | 0.20 | 0.31 | 2 | 0 | -0.30 | -0.05 | 82.46 | 80.00 | 7/31/2026 | Yes | 13 | 73 | None | |
| HPQ | HP Inc | Options Chain | 0.62 | 0.77 | 0.10 | 0.50 | 0.20 | 0.46 | 13 | 2 | -0.29 | -0.02 | 23.45 | 22.00 | 7/31/2026 | No | 12 | 38 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.79 | 2.47 | 0.17 | 1.00 | 0.17 | 0.23 | 21 | 40 | -0.30 | -0.05 | 150.29 | 142.00 | 7/31/2026 | No | 9 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.63 | 2.09 | 0.84 | 5.00 | 0.17 | 0.30 | 57 | 30 | -0.23 | -0.07 | 138.00 | 130.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| T | AT&T Inc | Options Chain | 0.17 | 0.49 | 0.16 | 1.00 | 0.16 | 0.32 | 5 | 0 | -0.21 | -0.01 | 22.06 | 20.00 | 7/31/2026 | Yes | 9 | 61 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.28 | 0.40 | 0.08 | 0.50 | 0.16 | 0.28 | 48 | 4 | -0.27 | -0.01 | 22.82 | 21.00 | 7/31/2026 | Yes | 8 | 58 | None |