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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 1.06 | 2.56 | 0.49 | 1.00 | 0.49 | 0.25 | 0 | 7 | -0.29 | -0.04 | 107.50 | 104.00 | 11/6/2026 | No | 8 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.20 | 12.10 | 2.32 | 5.00 | 0.46 | 0.37 | 41 | 0 | -0.27 | -0.23 | 374.55 | 355.00 | 11/6/2026 | Yes | 13 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.87 | 1.13 | 0.40 | 1.00 | 0.40 | 0.47 | 29 | 6 | -0.26 | -0.03 | 36.03 | 33.00 | 11/6/2026 | Yes | 11 | 53 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.50 | 6.90 | 1.90 | 5.00 | 0.38 | 0.42 | 0 | 2 | -0.27 | -0.16 | 227.39 | 210.00 | 11/6/2026 | Yes | 13 | 73 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.74 | 0.18 | 0.50 | 0.36 | 0.29 | 9 | 6 | -0.29 | -0.01 | 25.46 | 24.00 | 11/6/2026 | Yes | 15 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.46 | 1.07 | 0.35 | 1.00 | 0.35 | 0.44 | 0 | 1 | -0.26 | -0.02 | 28.60 | 26.00 | 11/6/2026 | Yes | 8 | 54 | None | |
| GLW | Corning Inc | Options Chain | 4.90 | 6.20 | 1.55 | 5.00 | 0.31 | 0.61 | 15 | 18 | -0.25 | -0.13 | 153.98 | 140.00 | 11/6/2026 | Yes | 9 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 1.12 | 1.38 | 0.31 | 1.00 | 0.31 | 0.22 | 11 | 22 | -0.29 | -0.03 | 88.20 | 85.00 | 11/6/2026 | Yes | 9 | 61 | None | |
| NVO | Novo Nordisk | Options Chain | 0.48 | 0.90 | 0.30 | 1.00 | 0.30 | 0.35 | 2 | 30 | -0.24 | -0.02 | 38.64 | 36.00 | 11/6/2026 | Yes | 11 | 50 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.89 | 1.50 | 0.30 | 1.00 | 0.30 | 0.25 | 1 | 0 | -0.28 | -0.03 | 75.97 | 73.00 | 11/6/2026 | Yes | 7 | 56 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.33 | 0.49 | 0.15 | 0.50 | 0.30 | 0.29 | 0 | 1 | -0.27 | -0.01 | 23.91 | 22.50 | 11/6/2026 | Yes | 7 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.05 | 8.80 | 1.48 | 5.00 | 0.30 | 0.35 | 17 | 60 | -0.30 | -0.19 | 350.36 | 335.00 | 11/6/2026 | No | 14 | 67 | None | |
| CRM | Salesforce Inc | Options Chain | 5.50 | 6.60 | 1.47 | 5.00 | 0.29 | 0.40 | 19 | 3 | -0.28 | -0.15 | 238.74 | 220.00 | 11/6/2026 | No | 11 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.45 | 12.55 | 1.47 | 5.00 | 0.29 | 0.33 | 12 | 19 | -0.29 | -0.28 | 495.78 | 490.00 | 11/6/2026 | Yes | 11 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.10 | 8.05 | 1.43 | 5.00 | 0.29 | 0.53 | 26 | 150 | -0.26 | -0.16 | 193.71 | 185.00 | 11/6/2026 | Yes | 10 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 4.15 | 4.50 | 1.42 | 5.00 | 0.28 | 0.52 | 28 | 59 | -0.27 | -0.09 | 139.74 | 125.00 | 11/6/2026 | No | 7 | 62 | None | |
| CVX | Chevron Corp | Options Chain | 2.84 | 4.60 | 1.35 | 5.00 | 0.27 | 0.29 | 1 | 1 | -0.28 | -0.10 | 205.53 | 195.00 | 11/6/2026 | Yes | 13 | 77 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.15 | 10.40 | 1.35 | 5.00 | 0.27 | 0.32 | 24 | 2 | -0.30 | -0.25 | 450.12 | 430.00 | 11/6/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 4.00 | 4.75 | 1.35 | 5.00 | 0.27 | 0.45 | 30 | 29 | -0.30 | -0.10 | 138.81 | 130.00 | 11/6/2026 | Yes | 7 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.00 | 1.12 | 0.27 | 1.00 | 0.27 | 0.66 | 4 | 2 | -0.23 | -0.01 | 21.94 | 20.00 | 11/6/2026 | Yes | 11 | 62 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.61 | 1.35 | 0.27 | 1.00 | 0.27 | 0.27 | 0 | 4 | -0.25 | -0.02 | 58.90 | 56.00 | 11/6/2026 | Yes | 12 | 65 | None | |
| HD | Home Depot Inc | Options Chain | 4.25 | 5.50 | 1.20 | 5.00 | 0.24 | 0.28 | 15 | 5 | -0.26 | -0.15 | 292.44 | 280.00 | 11/6/2026 | No | 8 | 61 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.36 | 3.30 | 0.58 | 2.50 | 0.23 | 0.30 | 1 | 4 | -0.27 | -0.09 | 162.43 | 152.50 | 11/6/2026 | Yes | 11 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.85 | 1.58 | 0.23 | 1.00 | 0.23 | 0.37 | 8 | 114 | -0.29 | -0.04 | 48.75 | 45.00 | 11/6/2026 | Yes | 10 | 55 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.71 | 2.55 | 0.23 | 1.00 | 0.23 | 0.24 | 0 | 8 | -0.30 | -0.05 | 128.21 | 124.00 | 11/6/2026 | Yes | 9 | 55 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.45 | 5.40 | 1.10 | 5.00 | 0.22 | 0.25 | 20 | 2 | -0.27 | -0.10 | 338.60 | 325.00 | 11/6/2026 | Yes | 8 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.35 | 0.11 | 0.50 | 0.22 | 0.36 | 6 | 3 | -0.30 | -0.01 | 12.63 | 12.00 | 11/6/2026 | Yes | 9 | 51 | None | |
| MCD | McDonald`s Corp | Options Chain | 1.95 | 2.65 | 1.05 | 5.00 | 0.21 | 0.22 | 44 | 30 | -0.21 | -0.09 | 237.97 | 225.00 | 11/6/2026 | Yes | 9 | 52 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.04 | 1.56 | 0.21 | 1.00 | 0.21 | 0.30 | 1 | 4 | -0.27 | -0.02 | 61.56 | 59.00 | 11/6/2026 | Yes | 16 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.91 | 1.06 | 0.21 | 1.00 | 0.21 | 0.28 | 15 | 10 | -0.29 | -0.02 | 56.03 | 54.00 | 11/6/2026 | Yes | 10 | 65 | None | |
| HAL | Halliburton Company | Options Chain | 0.79 | 1.08 | 0.21 | 1.00 | 0.21 | 0.40 | 2 | 0 | -0.30 | -0.02 | 32.89 | 31.00 | 11/6/2026 | Yes | 10 | 48 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.35 | 0.49 | 0.17 | 1.00 | 0.17 | 0.26 | 2 | 3 | -0.26 | -0.01 | 31.22 | 29.00 | 11/6/2026 | Yes | 12 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.67 | 1.15 | 0.16 | 1.00 | 0.16 | 0.25 | 3 | 0 | -0.30 | -0.01 | 47.32 | 45.00 | 11/6/2026 | Yes | 10 | 73 | None |