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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EQNR | Equinor ASA | Options Chain | 0.75 | 1.25 | 0.42 | 1.00 | 0.42 | 0.40 | 1 | 0 | -0.28 | -0.02 | 38.92 | 38.00 | 9/18/2026 | No | 13 | 59 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.90 | 2.80 | 0.41 | 1.00 | 0.41 | 0.24 | 0 | 2 | -0.30 | -0.04 | 139.10 | 132.00 | 9/25/2026 | No | 10 | 56 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.76 | 2.37 | 0.39 | 1.00 | 0.39 | 0.21 | 2 | 73 | -0.30 | -0.04 | 145.79 | 141.00 | 9/25/2026 | No | 12 | 72 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.50 | 1.38 | 0.38 | 1.00 | 0.38 | 0.25 | 0 | 3 | -0.26 | -0.02 | 64.12 | 61.00 | 9/25/2026 | No | 13 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.40 | 3.45 | 0.38 | 1.00 | 0.38 | 0.31 | 11 | 0 | -0.27 | -0.06 | 153.10 | 150.00 | 9/25/2026 | No | 13 | 72 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.60 | 0.99 | 0.36 | 1.00 | 0.36 | 0.25 | 0 | 6 | -0.28 | -0.02 | 46.96 | 45.00 | 9/25/2026 | No | 10 | 73 | None | |
| MO | Altria Group Inc | Options Chain | 0.99 | 1.38 | 0.34 | 1.00 | 0.34 | 0.27 | 14 | 30 | -0.26 | -0.02 | 68.24 | 62.00 | 9/25/2026 | No | 8 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.65 | 6.30 | 1.67 | 5.00 | 0.33 | 0.49 | 30 | 12 | -0.29 | -0.11 | 168.18 | 150.00 | 9/25/2026 | No | 12 | 71 | None | |
| NTAP | Netapp Inc | Options Chain | 6.90 | 7.90 | 1.60 | 5.00 | 0.32 | 0.63 | 38 | 16 | -0.27 | -0.20 | 189.17 | 180.00 | 9/18/2026 | Yes | 11 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.70 | 9.20 | 1.57 | 5.00 | 0.31 | 0.29 | 1 | 0 | -0.30 | -0.17 | 406.81 | 390.00 | 9/25/2026 | No | 11 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 4.50 | 7.35 | 1.55 | 5.00 | 0.31 | 0.49 | 2 | 11 | -0.26 | -0.13 | 191.90 | 180.00 | 9/25/2026 | Yes | 11 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.50 | 6.45 | 1.53 | 5.00 | 0.31 | 0.23 | 2 | 29 | -0.26 | -0.13 | 358.21 | 345.00 | 9/25/2026 | No | 12 | 80 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.95 | 18.85 | 1.52 | 5.00 | 0.30 | 0.24 | 1 | 131 | -0.29 | -0.37 | 947.82 | 915.00 | 9/25/2026 | Yes | 15 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.25 | 9.80 | 1.50 | 5.00 | 0.30 | 0.29 | 483 | 964 | -0.30 | -0.23 | 499.45 | 485.00 | 9/18/2026 | No | 14 | 72 | None | |
| BWA | BorgWarner Inc | Options Chain | 1.15 | 2.45 | 0.75 | 2.50 | 0.30 | 0.41 | 0 | 9 | -0.29 | -0.04 | 68.00 | 65.00 | 9/18/2026 | No | 11 | 61 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.69 | 1.00 | 0.30 | 1.00 | 0.30 | 0.22 | 61 | 86 | -0.27 | -0.02 | 63.30 | 61.00 | 9/25/2026 | No | 12 | 74 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.95 | 0.30 | 1.00 | 0.30 | 0.28 | 1 | 1 | -0.29 | -0.02 | 43.75 | 42.00 | 9/18/2026 | No | 11 | 69 | None | |
| NVO | Novo Nordisk | Options Chain | 0.88 | 1.30 | 0.30 | 1.00 | 0.30 | 0.31 | 3 | 3 | -0.30 | -0.02 | 47.26 | 45.00 | 9/25/2026 | No | 14 | 58 | None | |
| CVX | Chevron Corp | Options Chain | 3.35 | 4.15 | 1.47 | 5.00 | 0.29 | 0.27 | 2 | 13 | -0.28 | -0.05 | 186.65 | 185.00 | 9/25/2026 | No | 11 | 69 | None | |
| GLW | Corning Inc | Options Chain | 6.15 | 8.10 | 1.45 | 5.00 | 0.29 | 0.71 | 13 | 34 | -0.26 | -0.16 | 161.24 | 140.00 | 9/25/2026 | No | 9 | 54 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.75 | 13.35 | 2.85 | 10.00 | 0.29 | 0.51 | 383 | 685 | -0.27 | -0.33 | 426.65 | 390.00 | 9/18/2026 | Yes | 12 | 64 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.35 | 1.90 | 0.68 | 2.50 | 0.27 | 0.44 | 6 | 86 | -0.26 | -0.03 | 60.20 | 57.50 | 9/18/2026 | No | 7 | 53 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.31 | 0.27 | 1.00 | 0.27 | 0.20 | 2 | 2 | -0.29 | -0.02 | 87.16 | 84.00 | 9/25/2026 | No | 9 | 61 | None | |
| FAST | Fastenal Company | Options Chain | 0.85 | 1.00 | 0.65 | 2.50 | 0.26 | 0.28 | 242 | 4 | -0.29 | -0.02 | 51.25 | 50.00 | 9/18/2026 | No | 12 | 53 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.79 | 1.02 | 0.26 | 1.00 | 0.26 | 0.34 | 2 | 4 | -0.26 | -0.02 | 43.05 | 42.00 | 9/25/2026 | No | 10 | 60 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.76 | 1.18 | 0.26 | 1.00 | 0.26 | 0.37 | 18 | 12 | -0.27 | -0.02 | 41.75 | 39.00 | 9/25/2026 | No | 13 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.28 | 3.05 | 0.26 | 1.00 | 0.26 | 0.30 | 2 | 0 | -0.28 | -0.07 | 135.16 | 129.00 | 9/25/2026 | No | 17 | 78 | None | |
| PCG | PG&E Corp | Options Chain | 0.45 | 0.58 | 0.13 | 0.50 | 0.26 | 0.44 | 6 | 0 | -0.28 | -0.01 | 17.56 | 16.00 | 9/25/2026 | No | 9 | 50 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.80 | 11.35 | 1.28 | 5.00 | 0.26 | 0.39 | 23 | 17 | -0.28 | -0.24 | 420.95 | 390.00 | 9/25/2026 | No | 23 | 65 |
Dividend Stock List |
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| FHN | First Horizon Corporation | Options Chain | 0.30 | 0.60 | 0.25 | 1.00 | 0.25 | 0.29 | 1 | 0 | -0.28 | -0.01 | 25.76 | 24.00 | 9/18/2026 | No | 15 | 70 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.15 | 2.80 | 0.25 | 1.00 | 0.25 | 0.38 | 1 | 13 | -0.29 | -0.06 | 91.33 | 85.00 | 9/25/2026 | No | 13 | 67 | None | |
| ZION | Zions Bancorporation N.A | Options Chain | 1.10 | 1.60 | 0.60 | 2.50 | 0.24 | 0.28 | 0 | 2 | -0.29 | -0.02 | 70.32 | 67.50 | 9/18/2026 | No | 19 | 72 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.06 | 2.99 | 0.24 | 1.00 | 0.24 | 0.50 | 0 | 7 | -0.30 | -0.05 | 69.78 | 65.00 | 9/25/2026 | No | 11 | 58 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.15 | 3.60 | 1.16 | 5.00 | 0.23 | 0.22 | 21 | 66 | -0.25 | -0.07 | 274.53 | 260.00 | 9/25/2026 | No | 9 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.32 | 0.55 | 0.23 | 1.00 | 0.23 | 0.24 | 0 | 1 | -0.25 | -0.01 | 30.92 | 30.00 | 9/25/2026 | No | 13 | 67 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.30 | 2.09 | 0.23 | 1.00 | 0.23 | 0.21 | 0 | 1 | -0.29 | -0.02 | 84.65 | 81.00 | 9/25/2026 | No | 7 | 65 | None | |
| CM | Canadian Imperial Bank Of Commerce | Options Chain | 1.50 | 2.35 | 1.10 | 5.00 | 0.22 | 0.25 | 2 | 5 | -0.30 | -0.05 | 118.70 | 115.00 | 9/18/2026 | Yes | 14 | 69 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.85 | 0.22 | 1.00 | 0.22 | 0.35 | 6 | 0 | -0.29 | -0.01 | 32.17 | 30.00 | 9/18/2026 | No | 8 | 59 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.28 | 0.11 | 0.50 | 0.22 | 0.31 | 30 | 44 | -0.25 | 0.00 | 14.00 | 13.00 | 9/25/2026 | No | 9 | 48 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.54 | 0.11 | 0.50 | 0.22 | 0.27 | 7 | 8 | -0.29 | -0.01 | 23.80 | 23.00 | 9/25/2026 | No | 15 | 70 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.70 | 2.10 | 1.07 | 5.00 | 0.21 | 0.51 | 10 | 74 | -0.20 | -0.05 | 96.60 | 85.00 | 9/18/2026 | No | 16 | 65 |
Dividend Stock List |
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| CLX | Clorox Company | Options Chain | 1.60 | 2.00 | 1.07 | 5.00 | 0.21 | 0.32 | 59 | 1112 | -0.21 | -0.02 | 105.15 | 100.00 | 9/18/2026 | No | 7 | 46 | None | |
| VST | Vistra Corp | Options Chain | 2.77 | 4.80 | 1.04 | 5.00 | 0.21 | 0.48 | 0 | 19 | -0.24 | -0.10 | 140.59 | 130.00 | 9/25/2026 | Yes | 6 | 56 | None | |
| SPG | Simon Property Group Inc | Options Chain | 3.40 | 3.90 | 2.07 | 10.00 | 0.21 | 0.27 | 137 | 99 | -0.28 | -0.07 | 222.81 | 210.00 | 9/18/2026 | Yes | 9 | 63 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.30 | 1.75 | 1.03 | 5.00 | 0.21 | 0.37 | 4 | 0 | -0.30 | -0.04 | 59.36 | 60.00 | 9/18/2026 | No | 11 | 65 | None | |
| MCO | Moody`s Corp | Options Chain | 5.50 | 6.50 | 2.00 | 10.00 | 0.20 | 0.27 | 7 | 1 | -0.23 | -0.18 | 479.44 | 450.00 | 9/18/2026 | No | 10 | 64 | None | |
| APA | APA Corporation | Options Chain | 0.87 | 1.29 | 0.20 | 1.00 | 0.20 | 0.42 | 2 | 10 | -0.27 | -0.02 | 37.72 | 38.00 | 9/25/2026 | No | 10 | 53 | None | |
| SIRI | Sirius XM Holdings Inc | Options Chain | 0.30 | 1.28 | 0.20 | 1.00 | 0.20 | 0.41 | 1 | 1 | -0.27 | -0.02 | 29.91 | 27.00 | 9/25/2026 | No | 11 | 61 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.65 | 6.50 | 0.95 | 5.00 | 0.19 | 0.37 | 8 | 2 | -0.27 | -0.14 | 237.10 | 220.00 | 9/25/2026 | No | 9 | 66 | None | |
| EQT | EQT Corp | Options Chain | 0.72 | 0.97 | 0.19 | 1.00 | 0.19 | 0.28 | 3 | 5 | -0.26 | -0.02 | 52.09 | 51.00 | 9/25/2026 | No | 15 | 69 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.35 | 1.65 | 0.92 | 5.00 | 0.18 | 0.37 | 1378 | 163 | -0.25 | -0.05 | 73.14 | 70.00 | 9/18/2026 | Yes | 12 | 56 | None | |
| OKE | Oneok Inc | Options Chain | 1.00 | 1.60 | 0.82 | 5.00 | 0.16 | 0.29 | 26 | 20 | -0.24 | -0.04 | 87.00 | 85.00 | 9/18/2026 | No | 13 | 74 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 0.95 | 1.10 | 0.80 | 5.00 | 0.16 | 0.34 | 1272 | 58 | -0.27 | -0.03 | 53.49 | 50.00 | 9/18/2026 | No | 8 | 55 | None | |
| GIS | General Mills Inc | Options Chain | 0.50 | 0.65 | 0.40 | 2.50 | 0.16 | 0.31 | 1114 | 83 | -0.24 | -0.02 | 36.90 | 35.00 | 9/18/2026 | Yes | 5 | 53 | None |