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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines Inc | Options Chain | 1.76 | 2.75 | 0.56 | 1.00 | 0.56 | 0.44 | 4 | 2 | -0.28 | -0.05 | 82.58 | 78.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.05 | 2.44 | 0.53 | 1.00 | 0.53 | 0.49 | 0 | 5 | -0.28 | -0.05 | 72.06 | 69.00 | 10/30/2026 | Yes | 10 | 58 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.30 | 3.30 | 0.42 | 1.00 | 0.42 | 0.78 | 0 | 5 | -0.28 | -0.06 | 52.39 | 49.00 | 10/30/2026 | Yes | 13 | 54 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.89 | 2.30 | 0.42 | 1.00 | 0.42 | 0.32 | 19 | 117 | -0.29 | -0.05 | 111.42 | 101.00 | 10/30/2026 | No | 10 | 67 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.15 | 1.35 | 0.42 | 1.00 | 0.42 | 0.30 | 0 | 3 | -0.30 | -0.04 | 70.98 | 68.00 | 10/30/2026 | No | 8 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.10 | 10.25 | 2.05 | 5.00 | 0.41 | 0.33 | 56 | 77 | -0.28 | -0.25 | 452.00 | 430.00 | 10/30/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.13 | 2.80 | 0.39 | 1.00 | 0.39 | 0.60 | 22 | 21 | -0.29 | -0.06 | 62.20 | 56.00 | 10/30/2026 | No | 9 | 54 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.65 | 10.20 | 1.80 | 5.00 | 0.36 | 0.38 | 166 | 29 | -0.30 | -0.25 | 372.95 | 355.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| VLO | Valero Energy Corp | Options Chain | 11.90 | 14.70 | 1.75 | 5.00 | 0.35 | 0.54 | 2 | 3 | -0.29 | -0.32 | 377.14 | 350.00 | 10/30/2026 | Yes | 13 | 70 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.78 | 2.03 | 0.35 | 1.00 | 0.35 | 0.31 | 38 | 53 | -0.28 | -0.06 | 106.88 | 96.00 | 10/30/2026 | Yes | 12 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.30 | 7.30 | 1.70 | 5.00 | 0.34 | 0.51 | 7 | 36 | -0.30 | -0.15 | 194.23 | 185.00 | 10/30/2026 | No | 12 | 70 | None | |
| TGT | Target Corp | Options Chain | 2.85 | 3.55 | 0.84 | 2.50 | 0.34 | 0.31 | 0 | 3 | -0.30 | -0.08 | 157.53 | 152.50 | 10/30/2026 | No | 15 | 72 | None | |
| CRM | Salesforce Inc | Options Chain | 5.55 | 6.65 | 1.67 | 5.00 | 0.33 | 0.41 | 44 | 94 | -0.29 | -0.16 | 237.03 | 220.00 | 10/30/2026 | No | 10 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 5.00 | 5.15 | 0.33 | 1.00 | 0.33 | 0.53 | 33 | 1 | -0.29 | -0.12 | 148.56 | 138.00 | 10/30/2026 | No | 12 | 69 | None | |
| GLW | Corning Inc | Options Chain | 6.10 | 6.65 | 1.60 | 5.00 | 0.32 | 0.64 | 47 | 107 | -0.28 | -0.16 | 161.40 | 145.00 | 10/30/2026 | Yes | 10 | 54 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.73 | 0.99 | 0.32 | 1.00 | 0.32 | 0.29 | 122 | 30 | -0.26 | -0.01 | 46.45 | 44.00 | 10/30/2026 | No | 10 | 73 | None | |
| HAL | Halliburton Company | Options Chain | 0.72 | 1.00 | 0.32 | 1.00 | 0.32 | 0.41 | 3 | 4 | -0.29 | -0.02 | 33.65 | 31.00 | 10/30/2026 | Yes | 10 | 48 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.08 | 1.39 | 0.31 | 1.00 | 0.31 | 0.32 | 11 | 0 | -0.29 | -0.03 | 62.62 | 59.00 | 10/30/2026 | Yes | 11 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.65 | 10.70 | 1.50 | 5.00 | 0.30 | 0.33 | 73 | 219 | -0.29 | -0.28 | 501.61 | 475.00 | 10/30/2026 | No | 14 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.40 | 6.10 | 1.47 | 5.00 | 0.29 | 0.27 | 63 | 118 | -0.29 | -0.13 | 352.04 | 325.00 | 10/30/2026 | Yes | 11 | 80 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.80 | 1.07 | 0.29 | 1.00 | 0.29 | 0.38 | 11 | 2 | -0.25 | -0.03 | 47.64 | 44.00 | 10/30/2026 | No | 10 | 57 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.00 | 1.40 | 0.29 | 1.00 | 0.29 | 0.49 | 0 | 2 | -0.27 | -0.03 | 41.77 | 39.00 | 10/30/2026 | Yes | 10 | 54 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.98 | 1.10 | 0.29 | 1.00 | 0.29 | 0.43 | 177 | 110 | -0.30 | -0.03 | 36.10 | 34.00 | 10/30/2026 | Yes | 13 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 1.07 | 1.28 | 0.28 | 1.00 | 0.28 | 0.21 | 15 | 106 | -0.29 | -0.04 | 87.12 | 86.00 | 10/30/2026 | Yes | 12 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.87 | 1.06 | 0.28 | 1.00 | 0.28 | 0.28 | 43 | 149 | -0.29 | -0.03 | 58.01 | 54.00 | 10/30/2026 | Yes | 9 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.58 | 1.85 | 0.28 | 1.00 | 0.28 | 0.31 | 150 | 7 | -0.30 | -0.05 | 86.55 | 80.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| MS | Morgan Stanley | Options Chain | 3.95 | 4.80 | 1.40 | 5.00 | 0.28 | 0.34 | 18 | 22 | -0.30 | -0.11 | 206.12 | 190.00 | 10/30/2026 | Yes | 14 | 75 | None | |
| V | Visa Inc - Class A | Options Chain | 4.85 | 5.90 | 1.35 | 5.00 | 0.27 | 0.24 | 53 | 39 | -0.29 | -0.17 | 369.56 | 350.00 | 10/30/2026 | Yes | 10 | 64 | None | |
| MDT | Medtronic Plc | Options Chain | 1.45 | 1.81 | 0.27 | 1.00 | 0.27 | 0.26 | 9 | 2 | -0.30 | -0.03 | 91.75 | 87.00 | 10/30/2026 | No | 14 | 71 | None | |
| APA | APA Corporation | Options Chain | 0.91 | 1.16 | 0.26 | 1.00 | 0.26 | 0.45 | 0 | 20 | -0.26 | -0.03 | 43.79 | 39.00 | 10/30/2026 | No | 14 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.11 | 3.10 | 1.24 | 5.00 | 0.25 | 0.31 | 29 | 294 | -0.25 | -0.08 | 158.42 | 150.00 | 10/30/2026 | Yes | 13 | 73 | None | |
| NVO | Novo Nordisk | Options Chain | 0.58 | 0.67 | 0.24 | 1.00 | 0.24 | 0.33 | 109 | 697 | -0.24 | -0.02 | 39.80 | 37.00 | 10/30/2026 | No | 11 | 48 | None | |
| DOW | Dow Inc | Options Chain | 0.57 | 0.80 | 0.24 | 1.00 | 0.24 | 0.46 | 6 | 0 | -0.25 | -0.02 | 28.39 | 26.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| EQT | EQT Corp | Options Chain | 0.80 | 0.95 | 0.24 | 1.00 | 0.24 | 0.32 | 2 | 1 | -0.26 | -0.03 | 50.28 | 48.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.48 | 0.55 | 0.24 | 1.00 | 0.24 | 0.37 | 36 | 11 | -0.29 | -0.01 | 23.00 | 21.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.35 | 8.60 | 1.18 | 5.00 | 0.24 | 0.36 | 24 | 194 | -0.28 | -0.22 | 364.50 | 345.00 | 10/30/2026 | No | 10 | 65 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.55 | 2.97 | 1.16 | 5.00 | 0.23 | 0.22 | 82 | 44 | -0.25 | -0.10 | 247.88 | 240.00 | 10/30/2026 | No | 9 | 59 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.91 | 1.07 | 0.23 | 1.00 | 0.23 | 0.34 | 1 | 4 | -0.25 | -0.03 | 57.31 | 53.00 | 10/30/2026 | No | 10 | 55 | None | |
| C | Citigroup Inc | Options Chain | 2.69 | 3.20 | 0.23 | 1.00 | 0.23 | 0.33 | 7 | 5 | -0.30 | -0.08 | 135.08 | 127.00 | 10/30/2026 | Yes | 17 | 78 | None | |
| COP | Conoco Phillips | Options Chain | 2.30 | 2.70 | 1.13 | 5.00 | 0.23 | 0.31 | 1 | 22 | -0.30 | -0.07 | 128.85 | 120.00 | 10/30/2026 | No | 13 | 77 | None | |
| CVX | Chevron Corp | Options Chain | 3.25 | 4.00 | 1.13 | 5.00 | 0.23 | 0.28 | 22 | 444 | -0.30 | -0.11 | 203.80 | 195.00 | 10/30/2026 | Yes | 13 | 77 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.45 | 0.61 | 0.22 | 1.00 | 0.22 | 0.27 | 1 | 0 | -0.30 | -0.01 | 31.73 | 30.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| PCG | PG&E Corp | Options Chain | 0.24 | 0.38 | 0.11 | 0.50 | 0.22 | 0.42 | 1 | 0 | -0.28 | -0.01 | 12.94 | 12.00 | 10/30/2026 | Yes | 10 | 51 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.99 | 3.55 | 1.06 | 5.00 | 0.21 | 0.26 | 12 | 27 | -0.24 | -0.12 | 269.47 | 255.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.35 | 6.10 | 1.05 | 5.00 | 0.21 | 0.44 | 33 | 22 | -0.27 | -0.17 | 231.93 | 215.00 | 10/30/2026 | Yes | 12 | 73 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.76 | 1.00 | 0.21 | 1.00 | 0.21 | 0.28 | 23 | 1 | -0.25 | -0.02 | 59.44 | 56.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.43 | 0.10 | 0.50 | 0.20 | 0.29 | 176 | 351 | -0.23 | -0.01 | 25.45 | 23.50 | 10/30/2026 | Yes | 11 | 58 | None | |
| HPQ | HP Inc | Options Chain | 0.85 | 1.11 | 0.10 | 0.50 | 0.20 | 0.48 | 21 | 0 | -0.29 | -0.03 | 33.00 | 30.00 | 10/30/2026 | No | 10 | 46 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.30 | 3.10 | 0.97 | 5.00 | 0.19 | 0.38 | 25 | 5 | -0.23 | -0.10 | 162.41 | 150.00 | 10/30/2026 | Yes | 11 | 75 | None | |
| WMT | Walmart Inc | Options Chain | 1.20 | 1.69 | 0.18 | 1.00 | 0.18 | 0.23 | 17 | 46 | -0.27 | -0.05 | 110.12 | 106.00 | 10/30/2026 | No | 9 | 59 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.34 | 0.45 | 0.09 | 0.50 | 0.18 | 0.30 | 3 | 6 | -0.27 | -0.02 | 24.37 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| F | Ford Motor Company | Options Chain | 0.19 | 0.21 | 0.08 | 0.50 | 0.16 | 0.38 | 105 | 10 | -0.22 | -0.01 | 13.20 | 12.00 | 10/30/2026 | Yes | 9 | 49 | None | |
| HD | Home Depot Inc | Options Chain | 3.25 | 4.10 | 0.75 | 5.00 | 0.15 | 0.26 | 8 | 6 | -0.24 | -0.13 | 297.61 | 290.00 | 10/30/2026 | No | 8 | 61 | None |