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 | 0.65 | 2.00 | 0.57 | 1.00 | 0.57 | 0.32 | 0 | 15 | -0.25 | -0.02 | 65.57 | 63.00 | 10/2/2026 | No | 16 | 70 | None | |
| PCG | PG&E Corp | Options Chain | 0.34 | 0.84 | 0.26 | 0.50 | 0.52 | 0.54 | 11 | 0 | -0.26 | -0.01 | 18.05 | 16.00 | 10/2/2026 | No | 13 | 61 | None | |
| COST | Costco Wholesale Corp | Options Chain | 13.55 | 17.70 | 2.40 | 5.00 | 0.48 | 0.24 | 0 | 1 | -0.30 | -0.40 | 934.20 | 915.00 | 10/2/2026 | Yes | 14 | 59 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.86 | 2.68 | 0.38 | 1.00 | 0.38 | 0.32 | 0 | 11 | -0.29 | -0.05 | 109.60 | 106.00 | 10/2/2026 | No | 8 | 61 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.22 | 1.40 | 0.38 | 1.00 | 0.38 | 0.46 | 26 | 106 | -0.30 | -0.02 | 40.29 | 38.00 | 10/2/2026 | Yes | 13 | 59 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 23.75 | 26.85 | 1.80 | 5.00 | 0.36 | 0.77 | 2 | 0 | -0.30 | -0.49 | 433.90 | 400.00 | 10/2/2026 | Yes | 11 | 52 | None | |
| HPQ | HP Inc | Options Chain | 0.98 | 1.35 | 0.18 | 0.50 | 0.36 | 0.55 | 2 | 3 | -0.30 | -0.02 | 29.30 | 27.50 | 10/2/2026 | Yes | 12 | 45 | None | |
| CRM | Salesforce Inc | Options Chain | 4.90 | 6.35 | 1.73 | 5.00 | 0.35 | 0.47 | 13 | 0 | -0.26 | -0.12 | 205.55 | 190.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| AA | Alcoa Corp | Options Chain | 1.47 | 1.96 | 0.34 | 1.00 | 0.34 | 0.51 | 0 | 15 | -0.28 | -0.04 | 50.52 | 48.00 | 10/2/2026 | No | 16 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.70 | 5.55 | 1.62 | 5.00 | 0.32 | 0.43 | 33 | 7 | -0.29 | -0.09 | 160.42 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| GLW | Corning Inc | Options Chain | 5.25 | 6.00 | 1.50 | 5.00 | 0.30 | 0.61 | 5 | 3 | -0.27 | -0.13 | 151.65 | 135.00 | 10/2/2026 | No | 9 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 5.80 | 1.43 | 5.00 | 0.29 | 0.22 | 52 | 8 | -0.29 | -0.12 | 352.65 | 340.00 | 10/2/2026 | No | 13 | 79 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.40 | 7.40 | 1.42 | 5.00 | 0.28 | 0.29 | 5 | 6 | -0.28 | -0.15 | 384.85 | 370.00 | 10/2/2026 | No | 10 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.62 | 1.12 | 0.28 | 1.00 | 0.28 | 0.32 | 12 | 42 | -0.27 | -0.02 | 49.14 | 46.00 | 10/2/2026 | No | 13 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 1.02 | 1.25 | 0.28 | 1.00 | 0.28 | 0.18 | 391 | 10 | -0.30 | -0.02 | 90.67 | 88.00 | 10/2/2026 | No | 9 | 61 | None | |
| ROST | Ross Stores Inc | Options Chain | 2.15 | 5.10 | 1.38 | 5.00 | 0.28 | 0.24 | 5 | 91 | -0.29 | -0.09 | 249.00 | 230.00 | 10/2/2026 | Yes | 14 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.85 | 9.25 | 1.35 | 5.00 | 0.27 | 0.35 | 33 | 3 | -0.28 | -0.22 | 416.00 | 395.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| WFC | Wells Fargo & Company | Options Chain | 1.28 | 1.50 | 0.25 | 1.00 | 0.25 | 0.24 | 0 | 31 | -0.30 | -0.03 | 83.70 | 81.00 | 10/2/2026 | No | 16 | 74 | None | |
| TGT | Target Corp | Options Chain | 2.45 | 3.25 | 0.61 | 2.50 | 0.24 | 0.30 | 0 | 45 | -0.26 | -0.08 | 158.25 | 155.00 | 10/2/2026 | No | 9 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.20 | 0.63 | 0.24 | 1.00 | 0.24 | 0.31 | 1 | 0 | -0.22 | -0.01 | 26.43 | 25.00 | 10/2/2026 | No | 14 | 62 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.50 | 3.15 | 0.59 | 2.50 | 0.24 | 0.28 | 2 | 23 | -0.28 | -0.07 | 166.15 | 157.50 | 10/2/2026 | No | 11 | 66 | None | |
| VST | Vistra Corp | Options Chain | 2.79 | 3.20 | 1.17 | 5.00 | 0.23 | 0.43 | 35 | 16 | -0.24 | -0.08 | 138.94 | 125.00 | 10/2/2026 | No | 9 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.95 | 9.65 | 1.17 | 5.00 | 0.23 | 0.27 | 15 | 48 | -0.30 | -0.22 | 481.11 | 465.00 | 10/2/2026 | No | 14 | 72 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.39 | 0.58 | 0.23 | 1.00 | 0.23 | 0.23 | 11 | 1 | -0.29 | -0.01 | 31.70 | 30.00 | 10/2/2026 | No | 10 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.33 | 2.87 | 0.23 | 1.00 | 0.23 | 0.29 | 0 | 31 | -0.30 | -0.06 | 130.00 | 126.00 | 10/2/2026 | No | 17 | 78 | None | |
| V | Visa Inc - Class A | Options Chain | 3.75 | 4.65 | 1.12 | 5.00 | 0.22 | 0.21 | 1 | 13 | -0.25 | -0.13 | 365.73 | 355.00 | 10/2/2026 | No | 10 | 64 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.68 | 0.85 | 0.22 | 1.00 | 0.22 | 0.22 | 2 | 57 | -0.26 | -0.02 | 62.00 | 59.00 | 10/2/2026 | No | 12 | 74 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.73 | 0.95 | 0.22 | 1.00 | 0.22 | 0.25 | 0 | 1 | -0.26 | -0.02 | 61.78 | 59.00 | 10/2/2026 | No | 16 | 74 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.45 | 0.65 | 0.20 | 1.00 | 0.20 | 0.35 | 24 | 1 | -0.22 | -0.01 | 35.05 | 32.00 | 10/2/2026 | No | 9 | 58 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.55 | 1.80 | 0.93 | 5.00 | 0.19 | 0.22 | 8 | 26 | -0.25 | -0.06 | 140.69 | 135.00 | 10/2/2026 | No | 12 | 55 | None | |
| CVX | Chevron Corp | Options Chain | 1.96 | 3.30 | 0.92 | 5.00 | 0.18 | 0.26 | 1 | 5 | -0.24 | -0.08 | 205.76 | 195.00 | 10/2/2026 | No | 13 | 77 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.29 | 0.09 | 0.50 | 0.18 | 0.33 | 13 | 3 | -0.26 | -0.01 | 13.99 | 13.50 | 10/2/2026 | No | 9 | 48 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.48 | 0.64 | 0.17 | 1.00 | 0.17 | 0.23 | 18 | 1 | -0.24 | -0.02 | 49.19 | 47.00 | 10/2/2026 | No | 10 | 73 | None | |
| NVO | Novo Nordisk | Options Chain | 0.58 | 0.94 | 0.17 | 1.00 | 0.17 | 0.31 | 11 | 2 | -0.25 | -0.02 | 46.30 | 44.00 | 10/2/2026 | No | 14 | 58 | None | |
| KR | Kroger Company | Options Chain | 0.93 | 1.46 | 0.16 | 1.00 | 0.16 | 0.32 | 26 | 0 | -0.29 | -0.03 | 56.32 | 55.00 | 10/2/2026 | Yes | 9 | 52 | None | |
| T | AT&T Inc | Options Chain | 0.29 | 0.35 | 0.08 | 0.50 | 0.16 | 0.25 | 8 | 31 | -0.24 | -0.01 | 25.15 | 24.00 | 10/2/2026 | No | 11 | 58 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.49 | 0.15 | 1.00 | 0.15 | 0.17 | 8 | 1 | -0.28 | -0.01 | 38.43 | 37.00 | 10/2/2026 | No | 9 | 59 | None |