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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 1.55 | 3.10 | 0.68 | 1.00 | 0.68 | 0.62 | 1 | 9 | -0.30 | -0.05 | 51.08 | 46.00 | 10/2/2026 | No | 13 | 54 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.21 | 2.89 | 0.45 | 1.00 | 0.45 | 0.50 | 5 | 1 | -0.30 | -0.05 | 69.09 | 66.00 | 10/2/2026 | No | 12 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 6.50 | 7.20 | 1.92 | 5.00 | 0.38 | 0.66 | 18 | 9 | -0.29 | -0.14 | 143.81 | 130.00 | 10/2/2026 | Yes | 7 | 60 | None | |
| AA | Alcoa Corp | Options Chain | 1.40 | 1.81 | 0.37 | 1.00 | 0.37 | 0.51 | 2 | 0 | -0.27 | -0.03 | 51.62 | 46.00 | 10/2/2026 | No | 15 | 52 | None | |
| GLW | Corning Inc | Options Chain | 5.25 | 6.60 | 1.78 | 5.00 | 0.36 | 0.65 | 6 | 14 | -0.26 | -0.13 | 152.46 | 135.00 | 10/2/2026 | No | 10 | 54 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.15 | 1.36 | 0.34 | 1.00 | 0.34 | 0.33 | 14 | 2 | -0.28 | -0.03 | 59.94 | 58.00 | 10/2/2026 | No | 10 | 55 | None | |
| MO | Altria Group Inc | Options Chain | 1.00 | 1.29 | 0.34 | 1.00 | 0.34 | 0.24 | 5 | 2 | -0.29 | -0.02 | 66.03 | 64.00 | 10/2/2026 | No | 7 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.95 | 13.25 | 1.70 | 5.00 | 0.34 | 0.48 | 37 | 44 | -0.30 | -0.25 | 365.58 | 340.00 | 10/2/2026 | Yes | 13 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.06 | 1.31 | 0.33 | 1.00 | 0.33 | 0.47 | 79 | 69 | -0.27 | -0.02 | 41.05 | 37.00 | 10/2/2026 | Yes | 14 | 59 | None | |
| NVO | Novo Nordisk | Options Chain | 0.94 | 1.17 | 0.33 | 1.00 | 0.33 | 0.33 | 2 | 16 | -0.30 | -0.03 | 46.14 | 44.00 | 10/2/2026 | No | 11 | 49 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.05 | 5.65 | 1.65 | 5.00 | 0.33 | 0.43 | 1 | 25 | -0.30 | -0.09 | 162.79 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| SLB | SLB | Options Chain | 0.97 | 1.30 | 0.31 | 1.00 | 0.31 | 0.32 | 0 | 2 | -0.30 | -0.02 | 53.51 | 51.00 | 10/2/2026 | No | 8 | 63 | None | |
| EQT | EQT Corp | Options Chain | 0.42 | 0.93 | 0.30 | 1.00 | 0.30 | 0.25 | 0 | 2 | -0.25 | -0.02 | 53.64 | 51.00 | 10/2/2026 | No | 11 | 60 | None | |
| TGT | Target Corp | Options Chain | 2.32 | 3.10 | 0.30 | 1.00 | 0.30 | 0.30 | 1 | 0 | -0.26 | -0.08 | 158.25 | 150.00 | 10/2/2026 | Yes | 9 | 71 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.20 | 9.65 | 1.43 | 5.00 | 0.29 | 0.35 | 44 | 40 | -0.27 | -0.21 | 413.80 | 390.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| XOM | Exxon Mobil Corp | Options Chain | 2.76 | 3.60 | 0.71 | 2.50 | 0.28 | 0.28 | 0 | 6 | -0.30 | -0.08 | 164.63 | 160.00 | 10/2/2026 | No | 13 | 73 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.81 | 1.06 | 0.27 | 1.00 | 0.27 | 0.32 | 10 | 11 | -0.27 | -0.02 | 48.19 | 46.00 | 10/2/2026 | No | 13 | 66 | None | |
| ROST | Ross Stores Inc | Options Chain | 4.60 | 6.00 | 1.25 | 5.00 | 0.25 | 0.37 | 3 | 0 | -0.28 | -0.14 | 228.99 | 215.00 | 10/2/2026 | Yes | 12 | 59 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 1.13 | 0.25 | 1.00 | 0.25 | 0.20 | 9 | 10 | -0.26 | -0.03 | 90.35 | 87.00 | 10/2/2026 | No | 9 | 61 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.72 | 1.14 | 0.25 | 1.00 | 0.25 | 0.39 | 4 | 10 | -0.26 | -0.02 | 41.81 | 37.00 | 10/2/2026 | No | 10 | 54 | None | |
| C | Citigroup Inc | Options Chain | 1.85 | 2.67 | 0.25 | 1.00 | 0.25 | 0.28 | 0 | 1 | -0.28 | -0.06 | 133.16 | 124.00 | 10/2/2026 | No | 17 | 78 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.85 | 17.10 | 1.18 | 5.00 | 0.24 | 0.24 | 20 | 14 | -0.29 | -0.40 | 956.99 | 900.00 | 10/2/2026 | Yes | 14 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 0.95 | 1.38 | 0.23 | 1.00 | 0.23 | 0.24 | 17 | 8 | -0.26 | -0.03 | 85.98 | 80.00 | 10/2/2026 | No | 12 | 65 | None | |
| DOW | Dow Inc | Options Chain | 0.57 | 0.81 | 0.22 | 1.00 | 0.22 | 0.40 | 70 | 3 | -0.25 | -0.01 | 31.75 | 30.00 | 10/2/2026 | No | 8 | 56 | None | |
| CRM | Salesforce Inc | Options Chain | 5.40 | 6.40 | 1.02 | 5.00 | 0.20 | 0.46 | 9 | 6 | -0.27 | -0.14 | 206.09 | 190.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| WMT | Walmart Inc | Options Chain | 1.40 | 1.69 | 1.02 | 5.00 | 0.20 | 0.23 | 432 | 299 | -0.29 | -0.04 | 114.30 | 100.00 | 10/2/2026 | Yes | 9 | 55 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.70 | 1.81 | 0.20 | 1.00 | 0.20 | 0.28 | 0 | 2 | -0.29 | -0.04 | 67.61 | 63.00 | 10/2/2026 | No | 16 | 72 | None | |
| F | Ford Motor Company | Options Chain | 0.17 | 0.25 | 0.09 | 0.50 | 0.18 | 0.32 | 23 | 1 | -0.23 | -0.01 | 14.50 | 13.00 | 10/2/2026 | No | 8 | 48 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.22 | 0.55 | 0.09 | 0.50 | 0.18 | 0.25 | 5 | 0 | -0.25 | -0.01 | 25.68 | 24.00 | 10/2/2026 | No | 7 | 57 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.25 | 1.80 | 0.83 | 5.00 | 0.17 | 0.22 | 11 | 23 | -0.23 | -0.06 | 140.69 | 135.00 | 10/2/2026 | Yes | 14 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.31 | 0.82 | 0.16 | 1.00 | 0.16 | 0.22 | 1 | 6 | -0.26 | -0.02 | 49.19 | 47.00 | 10/2/2026 | No | 9 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.15 | 5.25 | 0.78 | 5.00 | 0.16 | 0.20 | 4 | 6 | -0.28 | -0.12 | 357.26 | 340.00 | 10/2/2026 | No | 12 | 79 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.24 | 0.41 | 0.15 | 1.00 | 0.15 | 0.23 | 3 | 1 | -0.21 | -0.01 | 32.19 | 30.00 | 10/2/2026 | No | 9 | 59 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.61 | 1.34 | 0.15 | 1.00 | 0.15 | 0.22 | 21 | 1 | -0.25 | -0.02 | 85.91 | 81.00 | 10/2/2026 | No | 10 | 73 | None |