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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 0.90 | 1.25 | 0.53 | 1.00 | 0.53 | 0.38 | 2 | 21 | -0.27 | -0.03 | 43.95 | 41.00 | 7/31/2026 | No | 17 | 63 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.98 | 0.46 | 1.00 | 0.46 | 0.36 | 169 | 3 | -0.29 | -0.01 | 23.16 | 22.00 | 7/31/2026 | No | 8 | 61 | None | |
| HPQ | HP Inc | Options Chain | 0.62 | 1.03 | 0.21 | 0.50 | 0.42 | 0.49 | 22 | 13 | -0.28 | -0.02 | 24.60 | 22.50 | 7/31/2026 | No | 14 | 54 | None | |
| ORCL | Oracle Corp | Options Chain | 6.45 | 8.50 | 1.85 | 5.00 | 0.37 | 0.53 | 10 | 21 | -0.30 | -0.15 | 188.33 | 175.00 | 7/31/2026 | No | 7 | 61 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.90 | 12.60 | 1.82 | 5.00 | 0.36 | 0.46 | 19 | 161 | -0.30 | -0.28 | 394.81 | 355.00 | 7/24/2026 | No | 10 | 62 | None | |
| VST | Vistra Corp | Options Chain | 4.15 | 6.30 | 1.62 | 5.00 | 0.32 | 0.52 | 1 | 11 | -0.27 | -0.12 | 158.61 | 145.00 | 7/31/2026 | No | 11 | 63 | None | |
| V | Visa Inc - Class A | Options Chain | 4.75 | 6.65 | 1.55 | 5.00 | 0.31 | 0.25 | 3 | 8 | -0.29 | -0.13 | 333.12 | 320.00 | 7/31/2026 | No | 11 | 70 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.95 | 10.00 | 1.53 | 5.00 | 0.31 | 0.49 | 2 | 0 | -0.28 | -0.20 | 268.71 | 250.00 | 7/31/2026 | Yes | 14 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.70 | 15.40 | 1.52 | 5.00 | 0.30 | 0.48 | 19 | 22 | -0.28 | -0.32 | 425.83 | 395.00 | 7/31/2026 | No | 20 | 62 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 8.25 | 10.10 | 1.40 | 5.00 | 0.28 | 0.34 | 3 | 14 | -0.28 | -0.22 | 407.65 | 385.00 | 7/31/2026 | No | 10 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.50 | 10.00 | 1.35 | 5.00 | 0.27 | 0.37 | 122 | 198 | -0.27 | -0.22 | 399.76 | 370.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.52 | 3.10 | 1.32 | 5.00 | 0.26 | 0.30 | 15 | 29 | -0.28 | -0.07 | 141.58 | 135.00 | 7/31/2026 | No | 11 | 71 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.25 | 6.30 | 1.15 | 5.00 | 0.23 | 0.27 | 3 | 3 | -0.29 | -0.12 | 319.40 | 315.00 | 7/31/2026 | Yes | 12 | 79 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.90 | 0.22 | 1.00 | 0.22 | 0.25 | 16 | 1027 | -0.23 | -0.01 | 46.73 | 44.00 | 7/31/2026 | No | 12 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.39 | 0.72 | 0.21 | 1.00 | 0.21 | 0.26 | 2 | 0 | -0.30 | -0.01 | 31.46 | 30.00 | 7/31/2026 | Yes | 10 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 1.42 | 2.72 | 0.21 | 1.00 | 0.21 | 0.24 | 0 | 1 | -0.30 | -0.05 | 121.03 | 117.00 | 7/31/2026 | No | 10 | 57 | None |