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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | NextEra Energy Inc | Options Chain | 0.85 | 1.97 | 0.77 | 1.00 | 0.77 | 0.29 | 0 | 1 | -0.27 | -0.04 | 87.62 | 83.00 | 7/31/2026 | Yes | 10 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.75 | 13.85 | 3.25 | 5.00 | 0.65 | 0.41 | 0 | 12 | -0.30 | -0.27 | 405.80 | 385.00 | 7/31/2026 | Yes | 11 | 64 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.68 | 3.15 | 0.54 | 1.00 | 0.54 | 0.28 | 6 | 4 | -0.28 | -0.06 | 152.04 | 145.00 | 7/31/2026 | No | 10 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.67 | 2.05 | 0.45 | 1.00 | 0.45 | 0.25 | 25 | 8 | -0.29 | -0.06 | 119.00 | 115.00 | 7/31/2026 | No | 9 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.90 | 17.05 | 2.00 | 5.00 | 0.40 | 0.55 | 6 | 12 | -0.30 | -0.38 | 440.83 | 410.00 | 7/31/2026 | Yes | 22 | 65 |
Dividend Stock List |
|
| IBM | International Business Machines Corp | Options Chain | 8.05 | 9.10 | 1.83 | 5.00 | 0.37 | 0.51 | 8 | 16 | -0.29 | -0.21 | 264.14 | 245.00 | 7/31/2026 | Yes | 13 | 72 | None | |
| HPQ | HP Inc | Options Chain | 0.39 | 0.80 | 0.18 | 0.50 | 0.36 | 0.46 | 0 | 2 | -0.26 | -0.01 | 23.67 | 21.50 | 7/31/2026 | No | 12 | 38 | None | |
| ORCL | Oracle Corp | Options Chain | 5.40 | 6.15 | 1.65 | 5.00 | 0.33 | 0.58 | 378 | 140 | -0.29 | -0.13 | 157.53 | 145.00 | 7/31/2026 | No | 7 | 61 | None | |
| GLW | Corning Inc | Options Chain | 10.75 | 14.30 | 0.80 | 2.50 | 0.32 | 0.87 | 10 | 217 | -0.30 | -0.28 | 194.19 | 185.00 | 7/31/2026 | No | 8 | 52 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.35 | 1.95 | 0.32 | 1.00 | 0.32 | 0.56 | 2 | 1 | -0.30 | -0.04 | 44.39 | 41.00 | 7/31/2026 | No | 14 | 55 | None | |
| MO | Altria Group Inc | Options Chain | 0.90 | 1.53 | 0.28 | 1.00 | 0.28 | 0.28 | 5 | 0 | -0.29 | -0.03 | 71.33 | 69.00 | 7/31/2026 | Yes | 8 | 59 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.75 | 1.40 | 0.28 | 1.00 | 0.28 | 0.53 | 2 | 1 | -0.30 | -0.03 | 30.06 | 28.00 | 7/31/2026 | Yes | 7 | 48 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.00 | 5.95 | 1.38 | 5.00 | 0.28 | 0.29 | 0 | 12 | -0.25 | -0.13 | 334.50 | 315.00 | 7/31/2026 | Yes | 9 | 69 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.50 | 1.82 | 0.26 | 1.00 | 0.26 | 0.31 | 3 | 0 | -0.28 | -0.05 | 91.39 | 87.00 | 7/31/2026 | Yes | 16 | 69 | None | |
| TGT | Target Corp | Options Chain | 2.67 | 3.35 | 0.26 | 1.00 | 0.26 | 0.32 | 5 | 1 | -0.30 | -0.08 | 141.20 | 135.00 | 7/31/2026 | No | 12 | 70 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.20 | 10.25 | 1.28 | 5.00 | 0.26 | 0.41 | 88 | 88 | -0.28 | -0.27 | 365.46 | 345.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| IP | International Paper Company | Options Chain | 0.80 | 1.25 | 0.25 | 1.00 | 0.25 | 0.51 | 2 | 0 | -0.26 | -0.03 | 36.57 | 35.00 | 7/31/2026 | Yes | 6 | 60 | None | |
| MMM | 3M Company | Options Chain | 2.80 | 3.75 | 0.62 | 2.50 | 0.25 | 0.33 | 1 | 0 | -0.29 | -0.10 | 161.84 | 157.50 | 7/31/2026 | Yes | 9 | 64 | None | |
| HD | Home Depot Inc | Options Chain | 3.95 | 7.70 | 1.23 | 5.00 | 0.25 | 0.31 | 0 | 1 | -0.27 | -0.19 | 324.29 | 325.00 | 7/31/2026 | No | 6 | 62 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.20 | 0.45 | 0.12 | 0.50 | 0.24 | 0.30 | 9 | 10 | -0.24 | -0.01 | 22.51 | 21.50 | 7/31/2026 | Yes | 8 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.00 | 2.40 | 1.19 | 5.00 | 0.24 | 0.29 | 22 | 93 | -0.27 | -0.06 | 139.73 | 130.00 | 7/31/2026 | No | 9 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.15 | 0.22 | 1.00 | 0.22 | 0.22 | 13 | 47 | -0.28 | -0.03 | 80.05 | 78.00 | 7/31/2026 | Yes | 9 | 63 | None | |
| VST | Vistra Corp | Options Chain | 4.00 | 5.55 | 1.08 | 5.00 | 0.22 | 0.49 | 6 | 5 | -0.29 | -0.13 | 162.87 | 150.00 | 7/31/2026 | No | 7 | 56 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.78 | 3.60 | 1.02 | 5.00 | 0.20 | 0.25 | 2 | 4 | -0.27 | -0.10 | 239.10 | 230.00 | 7/31/2026 | Yes | 9 | 66 | None | |
| NVO | Novo Nordisk | Options Chain | 0.85 | 1.05 | 0.19 | 1.00 | 0.19 | 0.40 | 262 | 2 | -0.25 | -0.03 | 47.34 | 44.00 | 7/31/2026 | No | 17 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.47 | 0.89 | 0.16 | 1.00 | 0.16 | 0.27 | 29 | 57 | -0.24 | -0.01 | 45.68 | 43.00 | 7/31/2026 | Yes | 9 | 64 | None |