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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | Nike Inc - Class B | Options Chain | 1.09 | 1.44 | 0.51 | 1.00 | 0.51 | 0.27 | 1 | 0 | -0.30 | -0.03 | 43.73 | 41.00 | 8/28/2026 | No | 9 | 51 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.97 | 2.53 | 0.44 | 1.00 | 0.44 | 0.29 | 3 | 7 | -0.30 | -0.03 | 87.16 | 83.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.90 | 11.00 | 2.02 | 5.00 | 0.40 | 0.72 | 1 | 7 | -0.30 | -0.18 | 183.98 | 165.00 | 8/28/2026 | Yes | 11 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 2.43 | 2.69 | 0.39 | 1.00 | 0.39 | 0.30 | 2 | 0 | -0.30 | -0.05 | 113.90 | 110.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| CRM | Salesforce Inc | Options Chain | 4.70 | 7.00 | 1.92 | 5.00 | 0.38 | 0.47 | 0 | 5 | -0.30 | -0.12 | 163.32 | 155.00 | 8/28/2026 | No | 15 | 71 | None | |
| IBM | International Business Machines Corp | Options Chain | 10.55 | 11.45 | 1.90 | 5.00 | 0.38 | 0.54 | 22 | 249 | -0.29 | -0.15 | 290.23 | 205.00 | 8/28/2026 | Yes | 13 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 1.10 | 1.76 | 0.34 | 1.00 | 0.34 | 0.44 | 0 | 6 | -0.28 | -0.02 | 49.48 | 45.00 | 8/28/2026 | Yes | 17 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.50 | 16.35 | 1.58 | 5.00 | 0.32 | 0.52 | 6 | 0 | -0.29 | -0.32 | 435.80 | 390.00 | 8/28/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| VOD | Vodafone Group plc | Options Chain | 0.00 | 0.75 | 0.30 | 1.00 | 0.30 | 0.68 | 0 | 2 | -0.18 | -0.01 | 14.72 | 14.00 | 8/28/2026 | Yes | 11 | 42 | None | |
| EQNR | Equinor ASA | Options Chain | 0.95 | 1.10 | 0.30 | 1.00 | 0.30 | 0.42 | 3 | 37 | -0.29 | -0.02 | 36.06 | 34.00 | 8/21/2026 | Yes | 11 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.10 | 2.35 | 0.73 | 2.50 | 0.29 | 0.39 | 1 | 13 | -0.29 | -0.06 | 80.36 | 80.00 | 8/21/2026 | Yes | 11 | 24 | None | |
| APA | APA Corporation | Options Chain | 0.91 | 1.16 | 0.29 | 1.00 | 0.29 | 0.49 | 0 | 7 | -0.26 | -0.02 | 34.93 | 31.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| FAST | Fastenal Company | Options Chain | 1.15 | 1.45 | 0.72 | 2.50 | 0.29 | 0.30 | 766 | 1695 | -0.21 | -0.01 | 46.49 | 45.00 | 8/21/2026 | Yes | 13 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 4.65 | 5.10 | 1.40 | 5.00 | 0.28 | 0.63 | 23 | 171 | -0.26 | -0.12 | 140.64 | 115.00 | 8/28/2026 | No | 9 | 67 | None | |
| HPQ | HP Inc | Options Chain | 0.62 | 1.06 | 0.13 | 0.50 | 0.26 | 0.52 | 1 | 0 | -0.29 | -0.02 | 24.75 | 23.00 | 8/28/2026 | Yes | 12 | 45 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.78 | 0.98 | 0.25 | 1.00 | 0.25 | 0.25 | 2 | 2 | -0.26 | -0.02 | 59.67 | 58.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.35 | 0.25 | 1.00 | 0.25 | 0.24 | 3 | 1 | -0.29 | -0.02 | 84.48 | 81.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.51 | 0.12 | 0.50 | 0.24 | 0.34 | 15 | 0 | -0.26 | -0.01 | 21.13 | 20.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| PPL | PPL Corp | Options Chain | 0.20 | 0.65 | 0.23 | 1.00 | 0.23 | 0.28 | 2 | 0 | -0.24 | -0.02 | 35.78 | 34.00 | 8/21/2026 | Yes | 9 | 67 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.05 | 0.23 | 1.00 | 0.23 | 0.39 | 0 | 2 | -0.25 | -0.02 | 45.12 | 42.00 | 8/21/2026 | Yes | 15 | 74 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.50 | 0.23 | 1.00 | 0.23 | 0.43 | 1 | 0 | -0.25 | -0.01 | 19.62 | 18.00 | 8/21/2026 | Yes | 10 | 60 | None | |
| BNY | Bank Of New York Mellon Corp | Options Chain | 2.55 | 3.30 | 1.10 | 5.00 | 0.22 | 0.34 | 7 | 0 | -0.28 | -0.07 | 152.85 | 145.00 | 8/21/2026 | Yes | 12 | 63 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.45 | 0.20 | 1.00 | 0.20 | 0.44 | 12 | 0 | -0.25 | -0.01 | 16.27 | 15.00 | 8/21/2026 | Yes | 6 | 50 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.36 | 0.10 | 0.50 | 0.20 | 0.44 | 10 | 5 | -0.24 | -0.01 | 13.88 | 12.50 | 8/28/2026 | Yes | 9 | 48 | None | |
| PCG | PG&E Corp | Options Chain | 0.32 | 0.45 | 0.10 | 0.50 | 0.20 | 0.34 | 0 | 200 | -0.28 | -0.01 | 17.37 | 16.50 | 8/28/2026 | Yes | 9 | 50 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.35 | 4.80 | 0.98 | 5.00 | 0.20 | 0.25 | 1 | 0 | -0.27 | -0.12 | 336.47 | 325.00 | 8/28/2026 | Yes | 12 | 77 | None | |
| OKE | Oneok Inc | Options Chain | 1.50 | 1.65 | 0.93 | 5.00 | 0.19 | 0.31 | 7 | 9 | -0.23 | -0.03 | 92.19 | 85.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.64 | 0.78 | 0.17 | 1.00 | 0.17 | 0.30 | 6 | 2 | -0.25 | -0.02 | 42.12 | 40.00 | 8/28/2026 | Yes | 12 | 73 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.05 | 1.10 | 0.78 | 5.00 | 0.16 | 0.36 | 16 | 3 | -0.27 | -0.03 | 53.75 | 50.00 | 8/21/2026 | No | 7 | 56 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.31 | 0 | 13 | -0.25 | -0.01 | 17.93 | 17.00 | 8/21/2026 | Yes | 12 | 66 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.33 | 0 | 55 | -0.26 | -0.01 | 23.22 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None |