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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | Charles Schwab Corp | Options Chain | 1.67 | 2.66 | 0.66 | 1.00 | 0.66 | 0.30 | 2 | 4 | -0.29 | -0.04 | 89.44 | 88.00 | 6/26/2026 | No | 15 | 69 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.60 | 3.60 | 0.46 | 1.00 | 0.46 | 0.36 | 0 | 3 | -0.29 | -0.07 | 115.53 | 111.00 | 6/26/2026 | No | 9 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.50 | 15.75 | 1.93 | 5.00 | 0.39 | 0.44 | 14 | 16 | -0.29 | -0.28 | 417.72 | 390.00 | 6/26/2026 | No | 20 | 61 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 8.10 | 8.70 | 0.90 | 2.50 | 0.36 | 0.66 | 8 | 0 | -0.28 | -0.19 | 195.61 | 175.00 | 6/26/2026 | Yes | 7 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.15 | 10.60 | 1.75 | 5.00 | 0.35 | 0.33 | 0 | 9 | -0.30 | -0.16 | 399.09 | 380.00 | 6/26/2026 | No | 11 | 64 | None | |
| AA | Alcoa Corp | Options Chain | 2.51 | 3.00 | 0.35 | 1.00 | 0.35 | 0.50 | 1 | 5 | -0.30 | -0.05 | 66.02 | 58.00 | 6/26/2026 | No | 13 | 53 | None | |
| GLW | Corning Inc | Options Chain | 9.60 | 11.20 | 0.77 | 2.50 | 0.31 | 0.74 | 99 | 60 | -0.29 | -0.22 | 208.28 | 177.50 | 6/26/2026 | No | 8 | 52 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.78 | 1.00 | 0.30 | 1.00 | 0.30 | 0.29 | 7 | 1 | -0.28 | -0.02 | 49.85 | 47.00 | 6/26/2026 | No | 10 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.17 | 1.58 | 0.27 | 1.00 | 0.27 | 0.36 | 24 | 1 | -0.28 | -0.03 | 56.84 | 55.00 | 6/26/2026 | No | 8 | 50 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.90 | 1.27 | 0.25 | 1.00 | 0.25 | 0.39 | 7 | 0 | -0.26 | -0.02 | 47.24 | 45.00 | 6/26/2026 | No | 7 | 51 | None | |
| NVO | Novo Nordisk | Options Chain | 1.02 | 1.16 | 0.25 | 1.00 | 0.25 | 0.37 | 5 | 15 | -0.28 | -0.03 | 45.80 | 42.00 | 6/26/2026 | No | 13 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.79 | 1.15 | 0.24 | 1.00 | 0.24 | 0.20 | 2 | 2 | -0.29 | -0.02 | 80.45 | 78.00 | 6/26/2026 | No | 11 | 70 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.10 | 5.00 | 1.17 | 5.00 | 0.23 | 0.26 | 13 | 7 | -0.28 | -0.13 | 299.91 | 285.00 | 6/26/2026 | No | 10 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.16 | 1.84 | 0.23 | 1.00 | 0.23 | 0.32 | 0 | 15 | -0.29 | -0.04 | 73.79 | 70.00 | 6/26/2026 | No | 13 | 73 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.35 | 10.80 | 0.55 | 2.50 | 0.22 | 0.69 | 10 | 4 | -0.30 | -0.20 | 200.08 | 185.00 | 6/26/2026 | No | 14 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.43 | 0.63 | 0.22 | 1.00 | 0.22 | 0.25 | 13 | 1 | -0.28 | -0.01 | 33.40 | 32.00 | 6/26/2026 | No | 13 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.26 | 0.31 | 0.11 | 0.50 | 0.22 | 0.40 | 519 | 100 | -0.26 | -0.01 | 14.48 | 12.50 | 6/26/2026 | No | 9 | 49 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.45 | 0.62 | 0.20 | 1.00 | 0.20 | 0.22 | 102 | 0 | -0.25 | -0.02 | 47.06 | 45.00 | 6/26/2026 | No | 12 | 73 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.80 | 2.66 | 0.96 | 5.00 | 0.19 | 0.29 | 41 | 5 | -0.29 | -0.06 | 152.78 | 145.00 | 6/26/2026 | No | 11 | 70 | None | |
| T | AT&T Inc | Options Chain | 0.21 | 0.35 | 0.16 | 1.00 | 0.16 | 0.26 | 158 | 0 | -0.17 | -0.01 | 24.65 | 23.00 | 6/26/2026 | No | 8 | 58 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.40 | 0.55 | 0.08 | 0.50 | 0.16 | 0.39 | 1 | 0 | -0.27 | -0.01 | 22.12 | 21.00 | 6/26/2026 | No | 13 | 41 | None |