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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OMC | Omnicom Group Inc | Options Chain | 2.10 | 2.75 | 0.80 | 2.50 | 0.32 | 0.39 | 7 | 0 | -0.28 | -0.04 | 86.22 | 80.00 | 9/18/2026 | Yes | 9 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 6.00 | 6.50 | 1.57 | 5.00 | 0.31 | 0.75 | 297 | 876 | -0.26 | -0.12 | 119.96 | 105.00 | 9/18/2026 | Yes | 10 | 71 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.05 | 7.85 | 1.57 | 5.00 | 0.31 | 0.44 | 162 | 166 | -0.29 | -0.11 | 216.64 | 210.00 | 9/18/2026 | No | 13 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.40 | 10.95 | 1.55 | 5.00 | 0.31 | 0.39 | 179 | 714 | -0.27 | -0.20 | 395.50 | 365.00 | 9/18/2026 | Yes | 15 | 72 | None | |
| VST | Vistra Corp | Options Chain | 5.80 | 6.25 | 1.53 | 5.00 | 0.31 | 0.56 | 653 | 20 | -0.28 | -0.11 | 148.64 | 135.00 | 9/18/2026 | Yes | 8 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.45 | 14.55 | 3.00 | 10.00 | 0.30 | 0.50 | 134 | 1593 | -0.28 | -0.26 | 392.31 | 360.00 | 9/18/2026 | No | 23 | 65 |
Dividend Stock List |
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| NTAP | Netapp Inc | Options Chain | 6.80 | 8.80 | 1.50 | 5.00 | 0.30 | 0.64 | 0 | 35 | -0.26 | -0.14 | 169.86 | 155.00 | 9/18/2026 | Yes | 11 | 63 | None | |
| TROW | T. Rowe Price Group Inc | Options Chain | 1.40 | 4.20 | 1.50 | 5.00 | 0.30 | 0.31 | 6 | 0 | -0.28 | -0.04 | 121.68 | 115.00 | 9/18/2026 | Yes | 20 | 68 |
Dividend Stock List |
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| NUE | Nucor Corp | Options Chain | 7.00 | 8.40 | 2.95 | 10.00 | 0.30 | 0.37 | 25 | 28 | -0.30 | -0.14 | 247.05 | 250.00 | 9/18/2026 | Yes | 15 | 67 | None | |
| MDT | Medtronic Plc | Options Chain | 1.83 | 2.08 | 0.72 | 2.50 | 0.29 | 0.31 | 1 | 350 | -0.29 | -0.04 | 86.20 | 82.50 | 9/18/2026 | Yes | 14 | 72 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.60 | 5.25 | 1.40 | 5.00 | 0.28 | 0.25 | 34 | 62 | -0.29 | -0.09 | 273.10 | 260.00 | 9/18/2026 | Yes | 9 | 62 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.40 | 2.60 | 0.70 | 2.50 | 0.28 | 0.36 | 7 | 1 | -0.28 | -0.03 | 91.64 | 85.00 | 9/18/2026 | No | 8 | 62 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.10 | 6.95 | 1.38 | 5.00 | 0.28 | 0.23 | 76 | 305 | -0.30 | -0.13 | 357.31 | 345.00 | 9/18/2026 | No | 9 | 71 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.75 | 0.88 | 0.27 | 1.00 | 0.27 | 0.24 | 67 | 516 | -0.29 | -0.02 | 48.19 | 46.00 | 9/18/2026 | No | 9 | 64 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 9.10 | 12.40 | 2.65 | 10.00 | 0.27 | 0.62 | 2 | 246 | -0.26 | -0.21 | 267.00 | 230.00 | 9/18/2026 | Yes | 10 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.15 | 7.85 | 1.32 | 5.00 | 0.26 | 0.65 | 125 | 438 | -0.27 | -0.13 | 162.88 | 145.00 | 9/18/2026 | Yes | 11 | 64 | None | |
| V | Visa Inc - Class A | Options Chain | 5.55 | 7.20 | 1.28 | 5.00 | 0.26 | 0.26 | 35 | 16 | -0.28 | -0.13 | 366.59 | 350.00 | 9/18/2026 | Yes | 11 | 69 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.10 | 1.32 | 0.63 | 2.50 | 0.25 | 0.39 | 232 | 644 | -0.29 | -0.02 | 43.05 | 40.00 | 9/18/2026 | No | 10 | 51 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.85 | 4.80 | 1.25 | 5.00 | 0.25 | 0.41 | 105 | 8 | -0.27 | -0.08 | 140.28 | 130.00 | 9/18/2026 | Yes | 8 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.25 | 1.00 | 0.25 | 0.42 | 0 | 2 | -0.24 | -0.01 | 19.73 | 18.00 | 9/18/2026 | Yes | 7 | 53 | None | |
| WM | Waste Management Inc | Options Chain | 3.80 | 6.00 | 2.40 | 10.00 | 0.24 | 0.26 | 7 | 27 | -0.30 | -0.08 | 239.41 | 230.00 | 9/18/2026 | Yes | 8 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 1.30 | 1.54 | 0.60 | 2.50 | 0.24 | 0.21 | 770 | 222 | -0.30 | -0.03 | 88.27 | 85.00 | 9/18/2026 | Yes | 11 | 69 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.74 | 3.45 | 0.24 | 1.00 | 0.24 | 0.86 | 672 | 343 | -0.28 | -0.05 | 48.01 | 40.00 | 9/18/2026 | Yes | 8 | 51 | None | |
| HAL | Halliburton Company | Options Chain | 0.77 | 0.83 | 0.24 | 1.00 | 0.24 | 0.37 | 7 | 1 | -0.29 | -0.01 | 31.60 | 29.00 | 9/18/2026 | No | 12 | 58 | None | |
| KR | Kroger Company | Options Chain | 1.23 | 1.46 | 0.59 | 2.50 | 0.24 | 0.35 | 2 | 11 | -0.27 | -0.02 | 59.19 | 55.00 | 9/18/2026 | Yes | 12 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.55 | 8.05 | 2.22 | 10.00 | 0.22 | 0.31 | 162 | 64 | -0.25 | -0.17 | 428.79 | 400.00 | 9/18/2026 | No | 12 | 63 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.55 | 2.20 | 1.10 | 5.00 | 0.22 | 0.44 | 30 | 120 | -0.23 | -0.05 | 77.51 | 70.00 | 9/18/2026 | Yes | 12 | 56 | None | |
| MO | Altria Group Inc | Options Chain | 1.28 | 1.42 | 0.55 | 2.50 | 0.22 | 0.29 | 305 | 281 | -0.27 | -0.02 | 74.96 | 70.00 | 9/18/2026 | Yes | 13 | 67 | None | |
| TGT | Target Corp | Options Chain | 2.93 | 3.15 | 1.09 | 5.00 | 0.22 | 0.39 | 94 | 141 | -0.23 | -0.06 | 144.20 | 130.00 | 9/18/2026 | Yes | 9 | 62 | None | |
| STT | State Street Corp | Options Chain | 2.70 | 3.30 | 1.07 | 5.00 | 0.21 | 0.30 | 30 | 14 | -0.23 | -0.08 | 182.57 | 170.00 | 9/18/2026 | No | 12 | 73 | None | |
| MMM | 3M Company | Options Chain | 2.67 | 2.88 | 1.06 | 5.00 | 0.21 | 0.28 | 157 | 252 | -0.24 | -0.06 | 182.55 | 170.00 | 9/18/2026 | No | 9 | 62 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.50 | 1.68 | 0.53 | 2.50 | 0.21 | 0.27 | 17 | 378 | -0.29 | -0.03 | 86.87 | 82.50 | 9/18/2026 | No | 14 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.88 | 1.08 | 0.21 | 1.00 | 0.21 | 0.55 | 4448 | 111 | -0.26 | -0.02 | 28.29 | 25.00 | 9/18/2026 | Yes | 12 | 47 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.44 | 0.56 | 0.21 | 1.00 | 0.21 | 0.24 | 14 | 14 | -0.27 | -0.01 | 31.61 | 30.00 | 9/18/2026 | No | 9 | 59 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.55 | 1.71 | 0.52 | 2.50 | 0.21 | 0.26 | 94 | 631 | -0.25 | -0.04 | 104.01 | 100.00 | 9/18/2026 | No | 15 | 72 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.35 | 1.65 | 1.02 | 5.00 | 0.20 | 0.35 | 1 | 0 | -0.30 | -0.03 | 58.79 | 55.00 | 9/18/2026 | No | 10 | 64 | None | |
| PEP | PepsiCo Inc | Options Chain | 2.13 | 2.34 | 0.94 | 5.00 | 0.19 | 0.25 | 171 | 256 | -0.27 | -0.04 | 142.86 | 135.00 | 9/18/2026 | No | 10 | 54 | None | |
| NVO | Novo Nordisk | Options Chain | 1.04 | 1.08 | 0.47 | 2.50 | 0.19 | 0.44 | 752 | 104 | -0.21 | -0.02 | 50.88 | 45.00 | 9/18/2026 | Yes | 13 | 52 | None | |
| MET | Metlife Inc | Options Chain | 1.10 | 2.30 | 0.47 | 2.50 | 0.19 | 0.24 | 214 | 0 | -0.29 | -0.02 | 97.50 | 92.50 | 9/18/2026 | Yes | 15 | 61 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.85 | 4.15 | 1.86 | 10.00 | 0.19 | 0.27 | 121 | 93 | -0.25 | -0.08 | 268.44 | 250.00 | 9/18/2026 | No | 9 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 1.71 | 1.76 | 0.92 | 5.00 | 0.18 | 0.30 | 426 | 603 | -0.23 | -0.04 | 111.90 | 105.00 | 9/18/2026 | Yes | 11 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.11 | 2.29 | 0.86 | 5.00 | 0.17 | 0.31 | 124 | 340 | -0.22 | -0.05 | 154.75 | 140.00 | 9/18/2026 | Yes | 9 | 64 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.76 | 2.05 | 0.86 | 5.00 | 0.17 | 0.25 | 120 | 51 | -0.23 | -0.06 | 148.88 | 140.00 | 9/18/2026 | Yes | 9 | 65 | None | |
| PCG | PG&E Corp | Options Chain | 0.29 | 0.51 | 0.17 | 1.00 | 0.17 | 0.43 | 293 | 50 | -0.21 | -0.01 | 17.78 | 16.00 | 9/18/2026 | No | 9 | 52 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.85 | 1.00 | 0.40 | 2.50 | 0.16 | 0.25 | 16 | 1 | -0.28 | -0.01 | 52.99 | 50.00 | 9/18/2026 | No | 15 | 75 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.28 | 2 | 1 | -0.23 | -0.01 | 22.63 | 21.00 | 9/18/2026 | No | 14 | 68 | None |