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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | HP Inc | Options Chain | 0.55 | 0.66 | 0.23 | 0.50 | 0.46 | 0.45 | 4 | 3 | -0.26 | -0.02 | 23.67 | 22.00 | 7/31/2026 | No | 12 | 38 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.90 | 16.10 | 2.22 | 5.00 | 0.44 | 0.22 | 1 | 2 | -0.30 | -0.37 | 950.99 | 930.00 | 7/31/2026 | No | 15 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 1.64 | 1.97 | 0.44 | 1.00 | 0.44 | 0.25 | 12 | 5 | -0.30 | -0.05 | 119.42 | 115.00 | 7/31/2026 | No | 9 | 55 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.36 | 0.50 | 0.21 | 0.50 | 0.42 | 0.29 | 32 | 0 | -0.29 | -0.01 | 22.17 | 21.50 | 7/31/2026 | Yes | 8 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.87 | 1.26 | 0.40 | 1.00 | 0.40 | 0.39 | 0 | 35 | -0.29 | -0.03 | 43.39 | 41.00 | 7/31/2026 | No | 10 | 60 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.50 | 2.15 | 0.40 | 1.00 | 0.40 | 0.57 | 15 | 0 | -0.30 | -0.04 | 46.22 | 43.00 | 7/31/2026 | No | 14 | 55 | None | |
| QCOM | Qualcomm Inc | Options Chain | 10.95 | 12.50 | 0.93 | 2.50 | 0.37 | 0.81 | 19 | 0 | -0.30 | -0.26 | 204.13 | 185.00 | 7/31/2026 | Yes | 11 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.75 | 25.05 | 1.77 | 5.00 | 0.35 | 0.79 | 4 | 1 | -0.30 | -0.54 | 418.71 | 390.00 | 7/31/2026 | No | 11 | 52 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.37 | 0.34 | 1.00 | 0.34 | 0.22 | 70 | 11 | -0.29 | -0.03 | 80.31 | 78.00 | 7/31/2026 | Yes | 9 | 63 | None | |
| GM | General Motors Company | Options Chain | 2.13 | 2.72 | 0.34 | 1.00 | 0.34 | 0.44 | 13 | 0 | -0.30 | -0.06 | 81.19 | 75.00 | 7/31/2026 | Yes | 9 | 60 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.95 | 9.70 | 1.60 | 5.00 | 0.32 | 0.52 | 6 | 121 | -0.30 | -0.21 | 264.94 | 245.00 | 7/31/2026 | Yes | 13 | 72 | None | |
| GLW | Corning Inc | Options Chain | 10.75 | 12.80 | 0.75 | 2.50 | 0.30 | 0.85 | 14 | 3 | -0.30 | -0.26 | 194.07 | 175.00 | 7/31/2026 | No | 8 | 52 | None | |
| IP | International Paper Company | Options Chain | 1.00 | 1.35 | 0.30 | 1.00 | 0.30 | 0.52 | 3 | 0 | -0.28 | -0.03 | 36.56 | 34.00 | 7/31/2026 | Yes | 6 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.67 | 3.10 | 0.30 | 1.00 | 0.30 | 0.33 | 62 | 65 | -0.28 | -0.08 | 144.97 | 138.00 | 7/31/2026 | Yes | 12 | 77 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.78 | 2.50 | 0.30 | 1.00 | 0.30 | 0.56 | 11 | 0 | -0.28 | -0.06 | 64.40 | 59.00 | 7/31/2026 | Yes | 10 | 58 | None | |
| VST | Vistra Corp | Options Chain | 4.35 | 5.60 | 1.48 | 5.00 | 0.30 | 0.51 | 15 | 3 | -0.28 | -0.14 | 162.39 | 150.00 | 7/31/2026 | No | 7 | 56 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.00 | 10.10 | 1.45 | 5.00 | 0.29 | 0.39 | 83 | 175 | -0.30 | -0.25 | 373.94 | 355.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.75 | 1.00 | 0.28 | 1.00 | 0.28 | 0.54 | 1 | 0 | -0.26 | -0.03 | 29.68 | 27.00 | 7/31/2026 | Yes | 7 | 47 | None | |
| DOW | Dow Inc | Options Chain | 0.80 | 0.92 | 0.28 | 1.00 | 0.28 | 0.50 | 0 | 2 | -0.27 | -0.03 | 30.33 | 28.00 | 7/31/2026 | Yes | 6 | 51 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.32 | 1.97 | 0.28 | 1.00 | 0.28 | 0.32 | 3 | 0 | -0.29 | -0.04 | 84.13 | 80.00 | 7/31/2026 | Yes | 13 | 73 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.10 | 10.45 | 1.40 | 5.00 | 0.28 | 0.36 | 6 | 2 | -0.30 | -0.26 | 409.25 | 390.00 | 7/31/2026 | Yes | 11 | 64 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.40 | 12.40 | 1.32 | 5.00 | 0.26 | 0.49 | 19 | 379 | -0.29 | -0.31 | 392.50 | 355.00 | 7/31/2026 | No | 13 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.50 | 6.65 | 1.30 | 5.00 | 0.26 | 0.28 | 12 | 1 | -0.29 | -0.13 | 334.14 | 320.00 | 7/31/2026 | Yes | 9 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.40 | 15.55 | 1.30 | 5.00 | 0.26 | 0.52 | 60 | 97 | -0.29 | -0.37 | 467.80 | 405.00 | 7/31/2026 | Yes | 22 | 65 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 4.60 | 5.10 | 1.22 | 5.00 | 0.24 | 0.55 | 96 | 12 | -0.25 | -0.14 | 165.16 | 150.00 | 7/31/2026 | No | 7 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.36 | 0.11 | 0.50 | 0.22 | 0.41 | 84 | 22 | -0.25 | -0.01 | 14.00 | 13.00 | 7/31/2026 | Yes | 9 | 47 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.91 | 4.60 | 1.06 | 5.00 | 0.21 | 0.27 | 4 | 26 | -0.30 | -0.11 | 231.14 | 230.00 | 7/31/2026 | Yes | 9 | 66 | None | |
| APA | APA Corporation | Options Chain | 0.51 | 1.07 | 0.21 | 1.00 | 0.21 | 0.46 | 0 | 18 | -0.24 | -0.02 | 34.00 | 31.00 | 7/31/2026 | No | 15 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 2.75 | 3.35 | 1.00 | 5.00 | 0.20 | 0.44 | 29 | 25 | -0.23 | -0.10 | 150.12 | 140.00 | 7/31/2026 | No | 15 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.70 | 0.89 | 0.20 | 1.00 | 0.20 | 0.27 | 7 | 3 | -0.25 | -0.03 | 57.91 | 55.00 | 7/31/2026 | Yes | 14 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.28 | 0.67 | 0.19 | 1.00 | 0.19 | 0.25 | 5 | 26 | -0.27 | -0.01 | 32.54 | 31.00 | 7/31/2026 | Yes | 10 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.21 | 0.56 | 0.18 | 1.00 | 0.18 | 0.35 | 1 | 4 | -0.23 | -0.01 | 22.32 | 21.00 | 7/31/2026 | Yes | 16 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.47 | 0.87 | 0.16 | 1.00 | 0.16 | 0.26 | 2 | 71 | -0.25 | -0.01 | 45.48 | 44.00 | 7/31/2026 | Yes | 9 | 64 | None |