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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.73 | 1.38 | 0.48 | 1.00 | 0.48 | 0.31 | 1 | 0 | -0.27 | -0.02 | 56.48 | 53.00 | 7/24/2026 | No | 15 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 10.00 | 13.55 | 2.33 | 5.00 | 0.47 | 0.85 | 5 | 20 | -0.27 | -0.22 | 224.68 | 180.00 | 7/24/2026 | No | 11 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 8.50 | 11.55 | 1.85 | 5.00 | 0.37 | 0.53 | 41 | 8 | -0.28 | -0.21 | 280.40 | 255.00 | 7/24/2026 | Yes | 10 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 9.75 | 10.65 | 1.85 | 5.00 | 0.37 | 0.69 | 17 | 46 | -0.29 | -0.18 | 205.81 | 185.00 | 7/24/2026 | Yes | 9 | 65 | None | |
| GLW | Corning Inc | Options Chain | 9.25 | 11.15 | 1.85 | 5.00 | 0.37 | 0.80 | 19 | 49 | -0.29 | -0.19 | 187.60 | 155.00 | 7/24/2026 | No | 8 | 52 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 19.35 | 23.10 | 1.78 | 5.00 | 0.36 | 0.77 | 1 | 1 | -0.29 | -0.39 | 397.45 | 340.00 | 7/24/2026 | No | 14 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.22 | 0.90 | 0.35 | 1.00 | 0.35 | 0.36 | 1 | 1 | -0.26 | -0.01 | 23.76 | 22.00 | 7/24/2026 | No | 16 | 69 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.55 | 0.70 | 0.33 | 1.00 | 0.33 | 0.46 | 4 | 5 | -0.23 | -0.02 | 28.73 | 25.00 | 7/17/2026 | No | 15 | 65 | None | |
| HD | Home Depot Inc | Options Chain | 5.60 | 8.35 | 1.63 | 5.00 | 0.33 | 0.32 | 0 | 5 | -0.28 | -0.15 | 309.60 | 305.00 | 7/24/2026 | No | 6 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.30 | 17.60 | 1.62 | 5.00 | 0.32 | 0.52 | 60 | 70 | -0.29 | -0.31 | 427.92 | 395.00 | 7/24/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| EQNR | Equinor ASA | Options Chain | 0.75 | 0.95 | 0.32 | 1.00 | 0.32 | 0.42 | 13 | 20 | -0.26 | -0.02 | 37.60 | 34.00 | 7/17/2026 | No | 9 | 50 | None | |
| KO | Coca-Cola Company | Options Chain | 0.89 | 1.39 | 0.32 | 1.00 | 0.32 | 0.21 | 1 | 0 | -0.29 | -0.02 | 79.49 | 78.00 | 7/24/2026 | No | 9 | 63 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.15 | 14.40 | 1.58 | 5.00 | 0.32 | 0.48 | 59 | 117 | -0.30 | -0.28 | 392.16 | 365.00 | 7/24/2026 | No | 13 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.70 | 11.05 | 1.50 | 5.00 | 0.30 | 0.37 | 1 | 5 | -0.28 | -0.18 | 413.00 | 385.00 | 7/24/2026 | No | 9 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.30 | 1.00 | 0.30 | 0.40 | 9 | 2 | -0.29 | -0.01 | 19.51 | 18.00 | 7/17/2026 | No | 7 | 53 | None | |
| APA | APA Corporation | Options Chain | 0.96 | 1.39 | 0.29 | 1.00 | 0.29 | 0.52 | 2 | 1 | -0.26 | -0.02 | 36.61 | 33.00 | 7/24/2026 | No | 15 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.74 | 0.29 | 1.00 | 0.29 | 0.27 | 11 | 0 | -0.29 | -0.01 | 31.30 | 30.00 | 7/24/2026 | Yes | 10 | 60 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.12 | 1.23 | 0.29 | 1.00 | 0.29 | 0.30 | 3 | 2 | -0.30 | -0.02 | 54.42 | 52.00 | 7/24/2026 | Yes | 10 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.97 | 1.52 | 0.28 | 1.00 | 0.28 | 0.40 | 0 | 15 | -0.29 | -0.02 | 44.90 | 41.00 | 7/24/2026 | No | 10 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.39 | 0.51 | 0.14 | 0.50 | 0.28 | 0.43 | 56 | 15 | -0.29 | -0.01 | 14.99 | 14.00 | 7/24/2026 | No | 9 | 46 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 3.30 | 0.83 | 3.00 | 0.28 | 0.61 | 52 | 5 | -0.29 | -0.05 | 64.09 | 58.00 | 7/24/2026 | Yes | 10 | 58 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.70 | 5.10 | 1.35 | 5.00 | 0.27 | 0.56 | 52 | 48 | -0.27 | -0.12 | 143.70 | 140.00 | 7/17/2026 | No | 8 | 58 | None | |
| HAL | Halliburton Company | Options Chain | 0.79 | 1.37 | 0.27 | 1.00 | 0.27 | 0.41 | 0 | 21 | -0.29 | -0.02 | 40.46 | 37.00 | 7/24/2026 | No | 10 | 57 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.70 | 0.25 | 1.00 | 0.25 | 0.37 | 33 | 19 | -0.30 | -0.01 | 24.32 | 23.00 | 7/17/2026 | No | 18 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.34 | 3.40 | 1.21 | 5.00 | 0.24 | 0.32 | 9 | 39 | -0.26 | -0.07 | 148.91 | 140.00 | 7/24/2026 | No | 11 | 70 | None | |
| V | Visa Inc - Class A | Options Chain | 3.60 | 7.10 | 1.20 | 5.00 | 0.24 | 0.26 | 0 | 1 | -0.28 | -0.13 | 325.05 | 310.00 | 7/24/2026 | No | 11 | 70 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.00 | 7.00 | 1.20 | 5.00 | 0.24 | 0.31 | 17 | 18 | -0.29 | -0.13 | 311.30 | 295.00 | 7/24/2026 | Yes | 10 | 70 | None | |
| NVO | Novo Nordisk | Options Chain | 0.83 | 1.23 | 0.24 | 1.00 | 0.24 | 0.41 | 6 | 15 | -0.25 | -0.03 | 41.08 | 39.00 | 7/24/2026 | No | 13 | 54 | None | |
| HPQ | HP Inc | Options Chain | 0.67 | 1.23 | 0.12 | 0.50 | 0.24 | 0.49 | 0 | 1 | -0.30 | -0.01 | 25.35 | 23.00 | 7/24/2026 | No | 14 | 52 | None | |
| CRM | Salesforce Inc | Options Chain | 4.25 | 5.80 | 1.19 | 5.00 | 0.24 | 0.48 | 27 | 57 | -0.27 | -0.12 | 182.45 | 160.00 | 7/24/2026 | No | 11 | 63 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.05 | 2.30 | 0.58 | 2.50 | 0.23 | 0.39 | 45 | 144 | -0.27 | -0.06 | 101.42 | 95.00 | 7/17/2026 | No | 10 | 71 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.25 | 0.40 | 0.23 | 1.00 | 0.23 | 0.47 | 4 | 8 | -0.27 | -0.01 | 12.49 | 11.00 | 7/17/2026 | No | 19 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.05 | 2.35 | 1.12 | 5.00 | 0.22 | 0.40 | 4 | 309 | -0.30 | -0.05 | 83.70 | 80.00 | 7/17/2026 | No | 11 | 24 | None | |
| MO | Altria Group Inc | Options Chain | 1.00 | 1.35 | 0.22 | 1.00 | 0.22 | 0.23 | 3 | 1 | -0.25 | -0.01 | 71.30 | 68.00 | 7/24/2026 | No | 12 | 68 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.60 | 1.05 | 0.22 | 1.00 | 0.22 | 0.29 | 6 | 2 | -0.26 | -0.01 | 45.50 | 43.00 | 7/24/2026 | Yes | 9 | 64 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.55 | 0.22 | 1.00 | 0.22 | 0.33 | 132 | 4 | -0.29 | -0.01 | 21.79 | 21.00 | 7/17/2026 | No | 10 | 59 | None | |
| DOW | Dow Inc | Options Chain | 0.96 | 1.30 | 0.22 | 1.00 | 0.22 | 0.47 | 43 | 0 | -0.30 | -0.02 | 34.10 | 31.00 | 7/24/2026 | Yes | 6 | 49 | None | |
| WMT | Walmart Inc | Options Chain | 1.25 | 2.61 | 0.21 | 1.00 | 0.21 | 0.25 | 124 | 2 | -0.29 | -0.05 | 118.88 | 114.00 | 7/24/2026 | No | 10 | 57 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.40 | 1.75 | 1.00 | 5.00 | 0.20 | 0.39 | 19 | 3 | -0.30 | -0.04 | 63.55 | 60.00 | 7/17/2026 | No | 16 | 63 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.41 | 60 | 2 | -0.27 | -0.02 | 27.55 | 26.00 | 7/17/2026 | No | 7 | 56 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.35 | 0.50 | 0.10 | 0.50 | 0.20 | 0.34 | 1 | 1 | -0.27 | -0.01 | 21.31 | 20.00 | 7/24/2026 | No | 15 | 39 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.00 | 1.40 | 0.92 | 5.00 | 0.18 | 0.41 | 74 | 22 | -0.28 | -0.03 | 47.83 | 45.00 | 7/17/2026 | Yes | 8 | 54 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.30 | 1.55 | 0.88 | 5.00 | 0.18 | 0.22 | 17 | 0 | -0.28 | -0.04 | 114.64 | 110.00 | 7/17/2026 | No | 10 | 69 | None | |
| T | AT&T Inc | Options Chain | 0.27 | 0.43 | 0.17 | 1.00 | 0.17 | 0.31 | 13 | 48 | -0.24 | -0.01 | 22.71 | 21.00 | 7/24/2026 | Yes | 9 | 61 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.35 | 4 | 0 | -0.25 | -0.01 | 24.27 | 23.00 | 7/17/2026 | Yes | 14 | 61 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.45 | 0.17 | 1.00 | 0.17 | 0.31 | 119 | 11 | -0.30 | -0.01 | 16.50 | 16.00 | 7/17/2026 | Yes | 9 | 57 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.52 | 3.95 | 0.78 | 5.00 | 0.16 | 0.21 | 6 | 4 | -0.25 | -0.10 | 277.96 | 270.00 | 7/24/2026 | No | 9 | 62 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.00 | 0.15 | 1.00 | 0.15 | 0.40 | 7 | 6 | -0.25 | -0.02 | 42.30 | 40.00 | 7/17/2026 | Yes | 16 | 77 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.23 | 2 | 1 | -0.26 | -0.01 | 35.75 | 34.00 | 7/17/2026 | No | 8 | 60 | None |