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 | 0.76 | 1.00 | 0.54 | 1.00 | 0.54 | 0.36 | 5 | 0 | -0.25 | -0.02 | 43.73 | 40.00 | 8/28/2026 | No | 9 | 51 | None | |
| NVO | Novo Nordisk | Options Chain | 1.21 | 1.62 | 0.51 | 1.00 | 0.51 | 0.46 | 65 | 68 | -0.27 | -0.02 | 49.14 | 45.00 | 8/28/2026 | Yes | 17 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 1.69 | 2.15 | 0.50 | 1.00 | 0.50 | 0.28 | 2 | 0 | -0.28 | -0.05 | 114.97 | 108.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| MO | Altria Group Inc | Options Chain | 1.07 | 1.53 | 0.38 | 1.00 | 0.38 | 0.29 | 5 | 15 | -0.27 | -0.03 | 72.32 | 67.00 | 8/28/2026 | Yes | 8 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.05 | 16.85 | 1.75 | 5.00 | 0.35 | 0.52 | 34 | 10 | -0.29 | -0.34 | 422.98 | 390.00 | 8/28/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| IBM | International Business Machines Corp | Options Chain | 8.60 | 9.25 | 1.73 | 5.00 | 0.35 | 0.55 | 586 | 216 | -0.30 | -0.16 | 290.23 | 200.00 | 8/28/2026 | Yes | 13 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.52 | 0.17 | 0.50 | 0.34 | 0.37 | 1 | 13 | -0.30 | -0.01 | 13.88 | 13.00 | 8/28/2026 | Yes | 9 | 48 | None | |
| VST | Vistra Corp | Options Chain | 5.85 | 7.55 | 1.62 | 5.00 | 0.32 | 0.59 | 4 | 12 | -0.29 | -0.13 | 157.45 | 145.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.10 | 10.50 | 1.60 | 5.00 | 0.32 | 0.43 | 803 | 455 | -0.28 | -0.26 | 390.99 | 360.00 | 8/21/2026 | Yes | 15 | 72 | None | |
| GLW | Corning Inc | Options Chain | 11.60 | 13.25 | 1.58 | 5.00 | 0.32 | 0.91 | 3 | 5 | -0.28 | -0.24 | 180.16 | 165.00 | 8/28/2026 | Yes | 8 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.50 | 10.30 | 1.57 | 5.00 | 0.31 | 0.71 | 8 | 10 | -0.28 | -0.18 | 183.98 | 160.00 | 8/28/2026 | Yes | 11 | 64 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.60 | 2.45 | 0.75 | 2.50 | 0.30 | 0.49 | 5 | 3 | -0.30 | -0.04 | 58.08 | 55.00 | 8/21/2026 | Yes | 7 | 55 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.21 | 1.15 | 0.30 | 1.00 | 0.30 | 0.40 | 11 | 0 | -0.30 | -0.02 | 24.15 | 22.00 | 8/28/2026 | Yes | 16 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 4.55 | 5.60 | 1.48 | 5.00 | 0.30 | 0.61 | 83 | 228 | -0.27 | -0.11 | 140.64 | 115.00 | 8/28/2026 | No | 9 | 67 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.10 | 2.35 | 0.73 | 2.50 | 0.29 | 0.39 | 16 | 31 | -0.30 | -0.06 | 81.37 | 80.00 | 8/21/2026 | Yes | 11 | 24 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.05 | 7.35 | 1.37 | 5.00 | 0.27 | 0.24 | 47 | 4 | -0.30 | -0.13 | 334.62 | 330.00 | 8/28/2026 | Yes | 12 | 77 | None | |
| NTAP | Netapp Inc | Options Chain | 4.70 | 6.40 | 1.35 | 5.00 | 0.27 | 0.53 | 6 | 1 | -0.28 | -0.14 | 162.97 | 160.00 | 8/21/2026 | No | 12 | 64 | None | |
| EQNR | Equinor ASA | Options Chain | 0.75 | 1.05 | 0.27 | 1.00 | 0.27 | 0.39 | 41 | 43 | -0.29 | -0.02 | 36.31 | 34.00 | 8/21/2026 | Yes | 11 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.76 | 2.55 | 0.26 | 1.00 | 0.26 | 0.39 | 3 | 4 | -0.28 | -0.05 | 86.00 | 80.00 | 8/28/2026 | No | 11 | 57 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.15 | 2.79 | 0.25 | 1.00 | 0.25 | 0.26 | 2 | 2 | -0.29 | -0.04 | 148.14 | 139.00 | 8/28/2026 | Yes | 10 | 65 | None | |
| RMD | Resmed Inc | Options Chain | 4.40 | 5.20 | 1.20 | 5.00 | 0.24 | 0.42 | 16 | 2 | -0.27 | -0.12 | 198.03 | 180.00 | 8/21/2026 | Yes | 20 | 61 |
Dividend Stock List |
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| MS | Morgan Stanley | Options Chain | 4.75 | 5.90 | 1.20 | 5.00 | 0.24 | 0.35 | 3 | 3 | -0.29 | -0.10 | 221.09 | 215.00 | 8/28/2026 | Yes | 10 | 67 | None | |
| CRM | Salesforce Inc | Options Chain | 3.90 | 5.90 | 1.17 | 5.00 | 0.23 | 0.46 | 9 | 9 | -0.27 | -0.12 | 163.32 | 155.00 | 8/28/2026 | No | 15 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.25 | 10.35 | 1.17 | 5.00 | 0.23 | 0.36 | 23 | 8 | -0.27 | -0.24 | 428.74 | 400.00 | 8/28/2026 | Yes | 9 | 58 | None | |
| APA | APA Corporation | Options Chain | 0.71 | 1.16 | 0.23 | 1.00 | 0.23 | 0.48 | 0 | 7 | -0.24 | -0.02 | 34.93 | 31.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.05 | 0.23 | 1.00 | 0.23 | 0.39 | 1 | 2 | -0.25 | -0.02 | 45.12 | 42.00 | 8/21/2026 | Yes | 15 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.79 | 1.18 | 0.23 | 1.00 | 0.23 | 0.40 | 0 | 6 | -0.26 | -0.02 | 44.10 | 40.00 | 8/28/2026 | Yes | 7 | 51 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 3.80 | 4.40 | 1.12 | 5.00 | 0.22 | 0.40 | 2210 | 6 | -0.25 | -0.13 | 216.10 | 195.00 | 8/21/2026 | No | 10 | 63 | None | |
| CLX | Clorox Company | Options Chain | 1.35 | 2.00 | 1.10 | 5.00 | 0.22 | 0.43 | 105 | 88 | -0.19 | -0.03 | 95.00 | 85.00 | 8/21/2026 | Yes | 10 | 47 | None | |
| V | Visa Inc - Class A | Options Chain | 4.15 | 7.50 | 1.10 | 5.00 | 0.22 | 0.26 | 2 | 0 | -0.27 | -0.14 | 357.68 | 340.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 0.95 | 0.22 | 1.00 | 0.22 | 0.24 | 4 | 95 | -0.27 | -0.02 | 59.50 | 58.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| C | Citigroup Inc | Options Chain | 2.41 | 3.35 | 0.22 | 1.00 | 0.22 | 0.32 | 3 | 5 | -0.29 | -0.06 | 140.71 | 126.00 | 8/28/2026 | Yes | 11 | 69 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 23.40 | 29.55 | 1.08 | 5.00 | 0.22 | 0.34 | 2 | 22 | -0.29 | -0.58 | 1,055.18 | 1,080.00 | 8/28/2026 | Yes | 8 | 67 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.45 | 16.50 | 1.03 | 5.00 | 0.21 | 0.22 | 2 | 0 | -0.30 | -0.34 | 925.03 | 890.00 | 8/28/2026 | No | 14 | 59 | None | |
| SYK | Stryker Corp | Options Chain | 5.30 | 6.20 | 2.00 | 10.00 | 0.20 | 0.37 | 21 | 18 | -0.25 | -0.17 | 332.39 | 290.00 | 8/21/2026 | Yes | 11 | 63 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.50 | 0.20 | 1.00 | 0.20 | 0.43 | 2 | 4 | -0.23 | -0.01 | 19.75 | 18.00 | 8/21/2026 | Yes | 10 | 60 | None | |
| TGT | Target Corp | Options Chain | 3.40 | 4.40 | 0.20 | 1.00 | 0.20 | 0.41 | 1 | 1 | -0.30 | -0.07 | 134.77 | 125.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.66 | 0.75 | 0.19 | 1.00 | 0.19 | 0.30 | 6 | 2 | -0.25 | -0.02 | 42.63 | 40.00 | 8/28/2026 | Yes | 12 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 0.94 | 1.42 | 0.19 | 1.00 | 0.19 | 0.23 | 3 | 0 | -0.27 | -0.03 | 84.48 | 80.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| BNY | Bank Of New York Mellon Corp | Options Chain | 1.40 | 3.50 | 0.92 | 5.00 | 0.18 | 0.31 | 27 | 23 | -0.25 | -0.07 | 152.85 | 145.00 | 8/21/2026 | Yes | 14 | 71 | None | |
| GIS | General Mills Inc | Options Chain | 0.60 | 0.70 | 0.45 | 2.50 | 0.18 | 0.29 | 129 | 51 | -0.27 | -0.02 | 36.60 | 35.00 | 8/21/2026 | No | 5 | 53 | None | |
| RF | Regions Financial Corp | Options Chain | 0.25 | 0.60 | 0.18 | 1.00 | 0.18 | 0.30 | 0 | 2 | -0.22 | -0.01 | 31.02 | 29.00 | 8/21/2026 | Yes | 17 | 70 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.69 | 1.30 | 0.18 | 1.00 | 0.18 | 0.27 | 0 | 1 | -0.27 | -0.03 | 62.39 | 59.00 | 8/28/2026 | Yes | 14 | 74 | None | |
| PPL | PPL Corp | Options Chain | 0.40 | 0.65 | 0.18 | 1.00 | 0.18 | 0.23 | 1 | 2 | -0.30 | -0.02 | 35.99 | 35.00 | 8/21/2026 | Yes | 9 | 67 | None | |
| ALL | Allstate Corp (The) | Options Chain | 4.00 | 4.70 | 1.75 | 10.00 | 0.17 | 0.31 | 2 | 2802 | -0.26 | -0.14 | 256.35 | 240.00 | 8/21/2026 | Yes | 19 | 75 | None | |
| CB | Chubb Ltd | Options Chain | 1.80 | 5.10 | 0.87 | 5.00 | 0.17 | 0.23 | 14 | 39 | -0.26 | -0.16 | 354.74 | 330.00 | 8/21/2026 | Yes | 15 | 72 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.35 | 0.77 | 0.17 | 1.00 | 0.17 | 0.21 | 5 | 1 | -0.27 | -0.01 | 38.31 | 36.00 | 8/28/2026 | Yes | 12 | 68 | None | |
| YUM | Yum Brands Inc | Options Chain | 2.00 | 3.10 | 0.82 | 5.00 | 0.16 | 0.30 | 23 | 279 | -0.28 | -0.08 | 161.68 | 150.00 | 8/21/2026 | Yes | 9 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.39 | 1.62 | 0.16 | 1.00 | 0.16 | 0.29 | 10 | 107 | -0.27 | -0.03 | 87.16 | 81.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.00 | 1.15 | 0.78 | 5.00 | 0.16 | 0.36 | 61 | 3 | -0.27 | -0.03 | 53.75 | 50.00 | 8/21/2026 | No | 7 | 56 | None | |
| OKE | Oneok Inc | Options Chain | 1.10 | 1.40 | 0.77 | 5.00 | 0.15 | 0.31 | 25 | 26 | -0.21 | -0.03 | 92.76 | 85.00 | 8/21/2026 | Yes | 10 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.90 | 4.80 | 0.77 | 5.00 | 0.15 | 0.27 | 0 | 36 | -0.28 | -0.11 | 257.92 | 240.00 | 8/28/2026 | Yes | 12 | 72 | None | |
| GFI | Gold Fields Ltd | Options Chain | 0.85 | 1.00 | 0.75 | 5.00 | 0.15 | 0.55 | 238 | 0 | -0.26 | -0.03 | 33.53 | 30.00 | 8/21/2026 | No | 15 | 65 | None | |
| INFY | Infosys Ltd | Options Chain | 0.20 | 0.45 | 0.15 | 1.00 | 0.15 | 0.59 | 17 | 1 | -0.26 | -0.01 | 11.50 | 10.00 | 8/21/2026 | Yes | 16 | 54 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.29 | 13 | 60 | -0.26 | -0.01 | 23.01 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None |