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 | 11.70 | 12.15 | 1.80 | 5.00 | 0.36 | 0.94 | 88 | 269 | -0.28 | -0.23 | 192.37 | 160.00 | 8/21/2026 | Yes | 8 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 9.45 | 9.95 | 1.70 | 5.00 | 0.34 | 0.73 | 55 | 64 | -0.30 | -0.19 | 186.48 | 165.00 | 8/21/2026 | Yes | 11 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.85 | 16.30 | 3.13 | 10.00 | 0.31 | 0.55 | 7037 | 142 | -0.30 | -0.35 | 451.79 | 400.00 | 8/21/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| CRM | Salesforce Inc | Options Chain | 5.10 | 5.35 | 1.43 | 5.00 | 0.29 | 0.44 | 75 | 56 | -0.30 | -0.11 | 166.88 | 160.00 | 8/21/2026 | No | 15 | 71 | None | |
| EQNR | Equinor ASA | Options Chain | 0.85 | 0.90 | 0.28 | 1.00 | 0.28 | 0.38 | 5 | 71 | -0.30 | -0.02 | 32.06 | 31.00 | 8/21/2026 | Yes | 9 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.25 | 1.35 | 5.00 | 0.27 | 0.62 | 150 | 436 | -0.27 | -0.11 | 143.76 | 125.00 | 8/21/2026 | No | 11 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.90 | 6.25 | 1.35 | 5.00 | 0.27 | 0.26 | 8 | 57 | -0.28 | -0.14 | 337.72 | 325.00 | 8/21/2026 | Yes | 11 | 77 | None | |
| IBM | International Business Machines Corp | Options Chain | 10.90 | 11.80 | 1.35 | 5.00 | 0.27 | 0.53 | 1527 | 8 | -0.29 | -0.21 | 299.52 | 285.00 | 8/21/2026 | Yes | 13 | 70 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.86 | 0.92 | 0.27 | 1.00 | 0.27 | 0.30 | 140 | 165 | -0.28 | -0.01 | 42.07 | 40.00 | 8/21/2026 | Yes | 13 | 73 | None | |
| COP | Conoco Phillips | Options Chain | 2.18 | 2.29 | 0.66 | 2.50 | 0.26 | 0.32 | 7 | 1 | -0.28 | -0.04 | 103.58 | 100.00 | 8/21/2026 | Yes | 9 | 68 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.80 | 2.10 | 0.65 | 2.50 | 0.26 | 0.39 | 3 | 3 | -0.26 | -0.04 | 84.61 | 75.00 | 8/21/2026 | Yes | 11 | 23 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.90 | 10.30 | 2.57 | 10.00 | 0.26 | 0.37 | 41 | 28 | -0.27 | -0.24 | 417.89 | 400.00 | 8/21/2026 | Yes | 11 | 63 | None | |
| MO | Altria Group Inc | Options Chain | 1.34 | 1.42 | 0.64 | 2.50 | 0.26 | 0.27 | 18 | 239 | -0.28 | -0.03 | 71.88 | 70.00 | 8/21/2026 | Yes | 12 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.48 | 2.79 | 0.64 | 2.50 | 0.26 | 0.46 | 22 | 131 | -0.28 | -0.05 | 91.68 | 82.50 | 8/21/2026 | Yes | 11 | 57 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.76 | 1.83 | 0.63 | 2.50 | 0.25 | 0.31 | 146 | 262 | -0.29 | -0.04 | 87.45 | 82.50 | 8/21/2026 | Yes | 13 | 73 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.40 | 2.70 | 1.25 | 5.00 | 0.25 | 0.40 | 8 | 25 | -0.30 | -0.04 | 93.58 | 85.00 | 8/21/2026 | No | 10 | 71 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.67 | 2.84 | 1.23 | 5.00 | 0.25 | 0.26 | 39 | 33 | -0.30 | -0.05 | 149.31 | 145.00 | 8/21/2026 | Yes | 13 | 72 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.00 | 4.30 | 1.17 | 5.00 | 0.23 | 0.25 | 763 | 139 | -0.26 | -0.12 | 279.75 | 270.00 | 8/21/2026 | Yes | 9 | 62 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.55 | 1.65 | 0.70 | 3.00 | 0.23 | 0.58 | 5 | 202 | -0.28 | -0.04 | 45.02 | 40.00 | 8/21/2026 | Yes | 19 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 1.24 | 1.29 | 0.58 | 2.50 | 0.23 | 0.46 | 74 | 18 | -0.24 | -0.03 | 49.31 | 45.00 | 8/21/2026 | Yes | 17 | 63 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.51 | 0.61 | 0.23 | 1.00 | 0.23 | 0.39 | 38 | 3000 | -0.24 | -0.01 | 23.38 | 22.00 | 8/21/2026 | Yes | 12 | 58 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.05 | 1.09 | 0.22 | 1.00 | 0.22 | 0.56 | 268 | 9 | -0.16 | -0.03 | 61.00 | 50.00 | 8/21/2026 | Yes | 14 | 63 | None | |
| HPQ | HP Inc | Options Chain | 0.55 | 0.57 | 0.22 | 1.00 | 0.22 | 0.44 | 64 | 144 | -0.25 | -0.01 | 22.60 | 21.00 | 8/21/2026 | No | 12 | 38 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.40 | 1.55 | 1.05 | 5.00 | 0.21 | 0.39 | 7 | 81 | -0.28 | -0.03 | 51.87 | 50.00 | 8/21/2026 | No | 7 | 56 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.99 | 1.05 | 0.52 | 2.50 | 0.21 | 0.27 | 282 | 557 | -0.27 | -0.03 | 59.90 | 57.50 | 8/21/2026 | Yes | 10 | 64 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.08 | 1.12 | 0.52 | 2.50 | 0.21 | 0.32 | 9 | 40 | -0.27 | -0.03 | 56.70 | 55.00 | 8/21/2026 | Yes | 15 | 61 | None | |
| TGT | Target Corp | Options Chain | 2.67 | 2.83 | 1.02 | 5.00 | 0.20 | 0.43 | 29 | 44 | -0.24 | -0.06 | 126.10 | 115.00 | 8/21/2026 | Yes | 12 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.83 | 1.86 | 1.02 | 5.00 | 0.20 | 0.30 | 625 | 368 | -0.24 | -0.05 | 110.65 | 105.00 | 8/21/2026 | Yes | 9 | 55 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.82 | 0.88 | 0.50 | 2.50 | 0.20 | 0.36 | 304 | 332 | -0.25 | -0.02 | 43.34 | 40.00 | 8/21/2026 | No | 13 | 58 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.75 | 0.50 | 2.50 | 0.20 | 0.27 | 102 | 72 | -0.26 | -0.01 | 36.12 | 35.00 | 8/21/2026 | No | 10 | 62 | None | |
| PCG | PG&E Corp | Options Chain | 0.35 | 0.38 | 0.20 | 1.00 | 0.20 | 0.36 | 0 | 1 | -0.24 | -0.01 | 16.82 | 16.00 | 8/21/2026 | Yes | 9 | 50 | None | |
| KR | Kroger Company | Options Chain | 0.93 | 1.02 | 0.49 | 2.50 | 0.20 | 0.31 | 46 | 4 | -0.24 | -0.02 | 58.25 | 55.00 | 8/21/2026 | No | 10 | 50 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 0.95 | 1.40 | 0.48 | 2.50 | 0.19 | 0.30 | 2 | 2 | -0.22 | -0.03 | 72.94 | 70.00 | 8/21/2026 | Yes | 12 | 69 | None | |
| DOW | Dow Inc | Options Chain | 0.66 | 0.78 | 0.48 | 2.50 | 0.19 | 0.49 | 55 | 4 | -0.23 | -0.02 | 27.33 | 25.00 | 8/21/2026 | Yes | 6 | 52 | None | |
| APA | APA Corporation | Options Chain | 0.83 | 0.89 | 0.48 | 2.50 | 0.19 | 0.46 | 9 | 411 | -0.25 | -0.02 | 32.46 | 30.00 | 8/21/2026 | Yes | 10 | 55 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.25 | 1.35 | 0.92 | 5.00 | 0.18 | 0.40 | 20 | 0 | -0.25 | -0.03 | 53.30 | 50.00 | 8/21/2026 | Yes | 10 | 72 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.96 | 1.09 | 0.46 | 2.50 | 0.18 | 0.28 | 15 | 0 | -0.27 | -0.03 | 62.83 | 60.00 | 8/21/2026 | Yes | 15 | 74 | None | |
| EQT | EQT Corp | Options Chain | 0.72 | 0.77 | 0.45 | 2.50 | 0.18 | 0.32 | 104 | 4 | -0.21 | -0.02 | 51.95 | 47.50 | 8/21/2026 | Yes | 16 | 72 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.31 | 0.50 | 0.18 | 1.00 | 0.18 | 0.20 | 5 | 0 | -0.16 | 0.00 | 36.62 | 35.00 | 8/21/2026 | Yes | 9 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.71 | 1.84 | 0.87 | 5.00 | 0.17 | 0.29 | 149 | 130 | -0.22 | -0.05 | 136.48 | 130.00 | 8/21/2026 | Yes | 11 | 71 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.35 | 0.39 | 0.17 | 1.00 | 0.17 | 0.27 | 13 | 1 | -0.21 | -0.01 | 31.69 | 30.00 | 8/21/2026 | Yes | 8 | 59 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.55 | 3.80 | 1.67 | 10.00 | 0.17 | 0.29 | 212 | 36 | -0.22 | -0.12 | 260.30 | 250.00 | 8/21/2026 | Yes | 9 | 66 | None | |
| ALL | Allstate Corp (The) | Options Chain | 3.30 | 3.90 | 1.65 | 10.00 | 0.16 | 0.29 | 12 | 36 | -0.24 | -0.12 | 248.37 | 240.00 | 8/21/2026 | Yes | 19 | 74 | None | |
| SRE | Sempra | Options Chain | 1.45 | 1.95 | 0.77 | 5.00 | 0.15 | 0.29 | 1 | 0 | -0.28 | -0.04 | 92.95 | 90.00 | 8/21/2026 | Yes | 7 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.87 | 0.99 | 0.38 | 2.50 | 0.15 | 0.23 | 549 | 1451 | -0.22 | -0.03 | 83.07 | 80.00 | 8/21/2026 | Yes | 9 | 61 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.30 | 9 | 0 | -0.24 | -0.01 | 23.43 | 22.00 | 8/21/2026 | Yes | 10 | 59 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.35 | 0.15 | 1.00 | 0.15 | 0.32 | 0 | 10 | -0.25 | -0.01 | 17.98 | 17.00 | 8/21/2026 | Yes | 11 | 66 | None |