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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 6.80 | 8.50 | 2.12 | 5.00 | 0.42 | 0.73 | 19 | 30 | -0.27 | -0.19 | 173.50 | 155.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 23.10 | 26.10 | 1.95 | 5.00 | 0.39 | 0.85 | 31 | 12 | -0.30 | -0.53 | 383.74 | 365.00 | 8/28/2026 | Yes | 11 | 52 | None | |
| GLW | Corning Inc | Options Chain | 10.45 | 11.80 | 1.90 | 5.00 | 0.38 | 0.96 | 13 | 10 | -0.30 | -0.25 | 153.39 | 145.00 | 8/28/2026 | Yes | 8 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.70 | 7.00 | 1.82 | 5.00 | 0.36 | 0.48 | 37 | 26 | -0.29 | -0.14 | 210.50 | 195.00 | 8/28/2026 | Yes | 14 | 73 | None | |
| MSFT | Microsoft Corporation | Options Chain | 11.05 | 12.05 | 1.82 | 5.00 | 0.36 | 0.43 | 13 | 228 | -0.30 | -0.27 | 397.75 | 375.00 | 8/28/2026 | Yes | 15 | 72 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.80 | 2.96 | 0.34 | 1.00 | 0.34 | 0.76 | 0 | 3 | -0.29 | -0.05 | 44.50 | 42.00 | 8/28/2026 | No | 8 | 51 | None | |
| COP | Conoco Phillips | Options Chain | 2.00 | 2.82 | 0.33 | 1.00 | 0.33 | 0.34 | 11 | 0 | -0.28 | -0.05 | 116.50 | 111.00 | 8/28/2026 | Yes | 9 | 77 | None | |
| DHR | Danaher Corp | Options Chain | 3.50 | 5.00 | 1.60 | 5.00 | 0.32 | 0.36 | 40 | 13 | -0.29 | -0.11 | 201.01 | 170.00 | 8/28/2026 | Yes | 12 | 60 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.88 | 1.18 | 0.32 | 1.00 | 0.32 | 0.42 | 2 | 10 | -0.26 | -0.03 | 43.90 | 41.00 | 8/28/2026 | Yes | 10 | 60 | None | |
| VST | Vistra Corp | Options Chain | 5.50 | 7.05 | 1.58 | 5.00 | 0.32 | 0.57 | 2 | 0 | -0.30 | -0.14 | 162.33 | 150.00 | 8/28/2026 | Yes | 8 | 56 | None | |
| NVO | Novo Nordisk | Options Chain | 1.31 | 1.65 | 0.31 | 1.00 | 0.31 | 0.46 | 1 | 7 | -0.30 | -0.03 | 49.38 | 46.00 | 8/28/2026 | Yes | 13 | 51 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.70 | 13.95 | 1.53 | 5.00 | 0.31 | 0.52 | 10 | 3 | -0.30 | -0.34 | 379.63 | 360.00 | 8/28/2026 | No | 13 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.98 | 2.55 | 0.30 | 1.00 | 0.30 | 0.55 | 6 | 6 | -0.29 | -0.06 | 58.86 | 58.00 | 8/28/2026 | Yes | 9 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 4.80 | 5.50 | 1.42 | 5.00 | 0.28 | 0.66 | 127 | 83 | -0.27 | -0.13 | 127.05 | 115.00 | 8/28/2026 | No | 7 | 63 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.70 | 1.05 | 0.28 | 1.00 | 0.28 | 0.56 | 2 | 26 | -0.24 | -0.02 | 29.64 | 27.00 | 8/28/2026 | Yes | 7 | 47 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.50 | 5.10 | 1.37 | 5.00 | 0.27 | 0.27 | 26 | 37 | -0.30 | -0.14 | 263.91 | 255.00 | 8/28/2026 | Yes | 9 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.95 | 15.80 | 1.35 | 5.00 | 0.27 | 0.53 | 2 | 18 | -0.29 | -0.37 | 403.24 | 395.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| F | Ford Motor Company | Options Chain | 0.28 | 0.33 | 0.13 | 0.50 | 0.26 | 0.41 | 13 | 4 | -0.23 | -0.01 | 13.99 | 13.00 | 8/28/2026 | Yes | 8 | 48 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.83 | 0.96 | 0.25 | 1.00 | 0.25 | 0.24 | 35 | 10 | -0.28 | -0.03 | 60.33 | 59.00 | 8/28/2026 | No | 12 | 74 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.09 | 1.61 | 0.25 | 1.00 | 0.25 | 0.34 | 0 | 1 | -0.30 | -0.04 | 60.24 | 58.00 | 8/28/2026 | Yes | 15 | 61 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.39 | 1.64 | 0.25 | 1.00 | 0.25 | 0.27 | 0 | 2 | -0.30 | -0.03 | 87.74 | 84.00 | 8/28/2026 | No | 11 | 65 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.48 | 0.67 | 0.24 | 1.00 | 0.24 | 0.26 | 2 | 1 | -0.30 | -0.01 | 32.59 | 31.00 | 8/28/2026 | Yes | 8 | 59 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.20 | 1.75 | 0.23 | 1.00 | 0.23 | 0.59 | 0 | 1 | -0.26 | -0.04 | 41.75 | 40.00 | 8/28/2026 | Yes | 14 | 55 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.81 | 1.06 | 0.23 | 1.00 | 0.23 | 0.26 | 11 | 0 | -0.28 | -0.03 | 63.54 | 61.00 | 8/28/2026 | No | 15 | 74 | None | |
| CRM | Salesforce Inc | Options Chain | 3.25 | 4.95 | 1.13 | 5.00 | 0.23 | 0.48 | 22 | 16 | -0.24 | -0.12 | 173.51 | 155.00 | 8/28/2026 | No | 15 | 71 | None | |
| PM | Philip Morris International Inc | Options Chain | 2.80 | 4.00 | 1.10 | 5.00 | 0.22 | 0.37 | 4 | 12 | -0.24 | -0.11 | 191.29 | 175.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.90 | 15.00 | 1.10 | 5.00 | 0.22 | 0.23 | 5 | 7 | -0.30 | -0.38 | 935.50 | 900.00 | 8/28/2026 | No | 15 | 60 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.68 | 0.80 | 0.22 | 1.00 | 0.22 | 0.36 | 17 | 8 | -0.24 | -0.03 | 42.96 | 40.00 | 8/28/2026 | No | 14 | 58 | None | |
| GM | General Motors Company | Options Chain | 1.27 | 1.95 | 0.22 | 1.00 | 0.22 | 0.35 | 9 | 2 | -0.28 | -0.04 | 76.01 | 75.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| C | Citigroup Inc | Options Chain | 2.32 | 2.81 | 0.21 | 1.00 | 0.21 | 0.32 | 5 | 32 | -0.28 | -0.06 | 128.90 | 126.00 | 8/28/2026 | No | 17 | 78 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 5.25 | 1.00 | 5.00 | 0.20 | 0.25 | 6 | 5 | -0.26 | -0.15 | 338.87 | 330.00 | 8/28/2026 | No | 9 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.49 | 0.74 | 0.20 | 1.00 | 0.20 | 0.31 | 16 | 22 | -0.23 | -0.02 | 43.78 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.34 | 0.60 | 0.19 | 1.00 | 0.19 | 0.39 | 8 | 3 | -0.24 | -0.01 | 23.83 | 22.00 | 8/28/2026 | Yes | 16 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 0.92 | 1.10 | 0.19 | 1.00 | 0.19 | 0.22 | 5 | 7 | -0.27 | -0.03 | 82.05 | 79.00 | 8/28/2026 | Yes | 9 | 61 | None | |
| MMM | 3M Company | Options Chain | 1.70 | 2.92 | 0.92 | 5.00 | 0.18 | 0.30 | 11 | 75 | -0.24 | -0.08 | 170.76 | 160.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| BAX | Baxter International Inc | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.53 | 2 | 0 | -0.25 | -0.02 | 23.00 | 20.00 | 8/28/2026 | Yes | 8 | 37 | None | |
| TGT | Target Corp | Options Chain | 3.70 | 4.20 | 0.17 | 1.00 | 0.17 | 0.43 | 0 | 4 | -0.30 | -0.08 | 138.48 | 130.00 | 8/28/2026 | Yes | 12 | 70 | None | |
| WMT | Walmart Inc | Options Chain | 1.74 | 2.07 | 0.16 | 1.00 | 0.16 | 0.30 | 32 | 11 | -0.29 | -0.05 | 112.27 | 105.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.59 | 2.32 | 0.15 | 1.00 | 0.15 | 0.30 | 3 | 29 | -0.30 | -0.05 | 99.96 | 96.00 | 8/28/2026 | Yes | 14 | 69 | None |