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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 13.85 | 17.45 | 2.25 | 5.00 | 0.45 | 0.91 | 2 | 0 | -0.29 | -0.24 | 186.97 | 175.00 | 8/28/2026 | Yes | 8 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.65 | 12.00 | 1.95 | 5.00 | 0.39 | 0.72 | 3 | 1 | -0.28 | -0.18 | 186.56 | 170.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 29.80 | 33.60 | 1.92 | 5.00 | 0.38 | 0.83 | 1 | 0 | -0.31 | -0.51 | 431.93 | 405.00 | 8/28/2026 | Yes | 14 | 57 | None | |
| APA | APA Corporation | Options Chain | 0.96 | 1.55 | 0.38 | 1.00 | 0.38 | 0.50 | 10 | 0 | -0.29 | -0.02 | 35.06 | 31.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.29 | 1.30 | 0.37 | 1.00 | 0.37 | 0.31 | 8 | 2 | -0.23 | -0.01 | 42.45 | 39.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 16.35 | 20.45 | 1.75 | 5.00 | 0.35 | 0.53 | 0 | 2 | -0.30 | -0.34 | 436.98 | 405.00 | 8/28/2026 | Yes | 23 | 65 |
Dividend Stock List |
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| COST | Costco Wholesale Corp | Options Chain | 12.80 | 14.25 | 1.70 | 5.00 | 0.34 | 0.23 | 69 | 105 | -0.29 | -0.34 | 942.00 | 880.00 | 8/21/2026 | No | 14 | 58 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.20 | 15.00 | 1.67 | 5.00 | 0.33 | 0.52 | 5 | 48 | -0.30 | -0.35 | 389.90 | 375.00 | 8/14/2026 | No | 10 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 8.40 | 12.35 | 1.60 | 5.00 | 0.32 | 0.50 | 1 | 0 | -0.29 | -0.17 | 301.91 | 270.00 | 8/28/2026 | Yes | 13 | 70 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.75 | 9.80 | 1.55 | 5.00 | 0.31 | 0.42 | 36 | 33 | -0.27 | -0.27 | 383.89 | 360.00 | 8/14/2026 | Yes | 12 | 65 | None | |
| NTAP | Netapp Inc | Options Chain | 5.60 | 6.00 | 1.55 | 5.00 | 0.31 | 0.48 | 6 | 14 | -0.30 | -0.11 | 165.55 | 160.00 | 8/21/2026 | No | 11 | 58 | None | |
| CRM | Salesforce Inc | Options Chain | 3.60 | 6.65 | 1.52 | 5.00 | 0.30 | 0.45 | 4 | 2 | -0.28 | -0.10 | 166.58 | 150.00 | 8/28/2026 | No | 15 | 71 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.29 | 0.87 | 0.26 | 1.00 | 0.26 | 0.26 | 6 | 0 | -0.21 | -0.01 | 37.80 | 35.00 | 8/28/2026 | Yes | 9 | 59 | None | |
| AZN | Astrazeneca plc | Options Chain | 3.70 | 4.50 | 1.27 | 5.00 | 0.25 | 0.33 | 20 | 44 | -0.30 | -0.08 | 189.57 | 170.00 | 8/21/2026 | Yes | 13 | 67 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.35 | 1.60 | 0.63 | 2.50 | 0.25 | 0.50 | 10 | 6 | -0.25 | -0.04 | 56.05 | 50.00 | 8/21/2026 | Yes | 7 | 57 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.85 | 2.10 | 0.63 | 2.50 | 0.25 | 0.39 | 3 | 0 | -0.27 | -0.05 | 78.30 | 75.00 | 8/21/2026 | Yes | 11 | 24 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.38 | 0.77 | 0.24 | 1.00 | 0.24 | 0.25 | 7 | 7 | -0.29 | -0.01 | 32.48 | 31.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.75 | 0.23 | 1.00 | 0.23 | 0.32 | 8 | 0 | -0.28 | -0.01 | 28.80 | 29.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.45 | 0.22 | 1.00 | 0.22 | 0.57 | 11 | 1 | -0.27 | -0.01 | 11.05 | 10.00 | 8/21/2026 | Yes | 13 | 45 | None | |
| EQNR | Equinor ASA | Options Chain | 0.60 | 0.80 | 0.20 | 1.00 | 0.20 | 0.40 | 0 | 4007 | -0.24 | -0.02 | 34.27 | 31.00 | 8/21/2026 | Yes | 11 | 61 | None | |
| KEY | Keycorp | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.31 | 14 | 2 | -0.29 | -0.01 | 22.64 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None | |
| DEO | Diageo plc | Options Chain | 1.40 | 1.60 | 0.92 | 5.00 | 0.18 | 0.35 | 7 | 90 | -0.25 | -0.05 | 80.86 | 75.00 | 8/21/2026 | Yes | 11 | 57 | None | |
| SYY | Sysco Corp | Options Chain | 1.10 | 1.45 | 0.43 | 2.50 | 0.17 | 0.31 | 154 | 57 | -0.23 | -0.04 | 83.17 | 77.50 | 8/21/2026 | Yes | 9 | 56 | None | |
| WM | Waste Management Inc | Options Chain | 2.55 | 3.30 | 1.70 | 10.00 | 0.17 | 0.25 | 13 | 49 | -0.24 | -0.09 | 233.94 | 220.00 | 8/21/2026 | Yes | 11 | 68 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.40 | 1.75 | 0.85 | 5.00 | 0.17 | 0.21 | 83 | 5 | -0.28 | -0.03 | 121.43 | 115.00 | 8/21/2026 | No | 10 | 70 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.35 | 1.60 | 0.83 | 5.00 | 0.17 | 0.40 | 300 | 2 | -0.19 | -0.03 | 88.80 | 80.00 | 8/21/2026 | No | 10 | 71 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.75 | 0.40 | 2.50 | 0.16 | 0.28 | 10 | 1 | -0.25 | -0.02 | 49.69 | 47.50 | 8/21/2026 | Yes | 11 | 66 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 1.00 | 0.15 | 1.00 | 0.15 | 0.37 | 0 | 10 | -0.26 | -0.02 | 43.62 | 41.00 | 8/21/2026 | Yes | 10 | 63 | None |