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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 6.95 | 11.70 | 4.68 | 5.00 | 0.94 | 0.33 | 13 | 3 | -0.30 | -0.16 | 400.61 | 380.00 | 6/26/2026 | No | 9 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 9.05 | 10.60 | 1.43 | 2.50 | 0.57 | 0.66 | 61 | 17 | -0.30 | -0.20 | 190.84 | 180.00 | 6/26/2026 | Yes | 9 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.86 | 1.31 | 0.47 | 1.00 | 0.47 | 0.30 | 1 | 0 | -0.27 | -0.03 | 56.44 | 54.00 | 6/26/2026 | No | 15 | 61 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.64 | 3.60 | 0.39 | 1.00 | 0.39 | 0.38 | 3 | 4 | -0.30 | -0.06 | 122.00 | 109.00 | 6/26/2026 | No | 9 | 65 | None | |
| DOW | Dow Inc | Options Chain | 1.15 | 1.38 | 0.39 | 1.00 | 0.39 | 0.46 | 0 | 112 | -0.30 | -0.02 | 38.84 | 36.00 | 6/26/2026 | No | 5 | 47 | None | |
| NVO | Novo Nordisk | Options Chain | 1.05 | 1.20 | 0.38 | 1.00 | 0.38 | 0.39 | 13 | 27 | -0.27 | -0.03 | 45.80 | 43.00 | 6/26/2026 | No | 13 | 54 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 11.50 | 15.25 | 1.83 | 5.00 | 0.37 | 0.73 | 1 | 4 | -0.30 | -0.27 | 243.87 | 225.00 | 6/26/2026 | Yes | 12 | 53 | None | |
| GLW | Corning Inc | Options Chain | 11.20 | 13.40 | 0.90 | 2.50 | 0.36 | 0.79 | 0 | 3 | -0.29 | -0.23 | 206.51 | 187.50 | 6/26/2026 | No | 8 | 52 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.34 | 2.00 | 0.34 | 1.00 | 0.34 | 0.30 | 32 | 2 | -0.27 | -0.04 | 91.17 | 85.00 | 6/26/2026 | No | 15 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 0.94 | 1.35 | 0.31 | 1.00 | 0.31 | 0.25 | 2 | 2 | -0.29 | -0.02 | 72.41 | 69.00 | 6/26/2026 | No | 12 | 68 | None | |
| F | Ford Motor Company | Options Chain | 0.35 | 0.44 | 0.15 | 0.50 | 0.30 | 0.43 | 34 | 407 | -0.27 | -0.01 | 13.71 | 13.50 | 6/26/2026 | No | 9 | 50 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 16.25 | 20.85 | 1.45 | 5.00 | 0.29 | 0.30 | 1 | 1 | -0.29 | -0.42 | 958.00 | 920.00 | 6/26/2026 | No | 12 | 76 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.45 | 13.25 | 1.45 | 5.00 | 0.29 | 0.44 | 20 | 26 | -0.29 | -0.28 | 417.72 | 390.00 | 6/26/2026 | No | 20 | 61 |
Dividend Stock List |
|
| HD | Home Depot Inc | Options Chain | 5.75 | 7.40 | 1.43 | 5.00 | 0.29 | 0.35 | 1 | 2 | -0.28 | -0.13 | 302.55 | 285.00 | 6/26/2026 | Yes | 6 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.65 | 3.05 | 0.28 | 1.00 | 0.28 | 0.33 | 3 | 0 | -0.29 | -0.07 | 124.10 | 119.00 | 6/26/2026 | No | 16 | 78 | None | |
| TGT | Target Corp | Options Chain | 3.15 | 3.80 | 0.28 | 1.00 | 0.28 | 0.42 | 2 | 3 | -0.29 | -0.07 | 121.48 | 115.00 | 6/26/2026 | Yes | 11 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.60 | 3.35 | 1.37 | 5.00 | 0.27 | 0.29 | 30 | 14 | -0.29 | -0.06 | 151.14 | 145.00 | 6/26/2026 | No | 9 | 64 | None | |
| VST | Vistra Corp | Options Chain | 4.15 | 4.85 | 1.36 | 5.00 | 0.27 | 0.50 | 15 | 14 | -0.27 | -0.10 | 141.90 | 130.00 | 6/26/2026 | Yes | 6 | 56 | None | |
| AXP | American Express Company | Options Chain | 4.35 | 6.85 | 1.35 | 5.00 | 0.27 | 0.31 | 2 | 7 | -0.26 | -0.14 | 309.75 | 295.00 | 6/26/2026 | No | 13 | 71 | None | |
| GE | General Electric Company | Options Chain | 6.60 | 8.50 | 1.35 | 5.00 | 0.27 | 0.38 | 7 | 4 | -0.29 | -0.17 | 294.71 | 275.00 | 6/26/2026 | No | 12 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.40 | 1.55 | 0.27 | 1.00 | 0.27 | 0.32 | 10 | 0 | -0.29 | -0.04 | 73.53 | 70.00 | 6/26/2026 | No | 10 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.45 | 0.66 | 0.27 | 1.00 | 0.27 | 0.32 | 0 | 1 | -0.30 | -0.01 | 24.94 | 24.00 | 6/26/2026 | No | 15 | 61 | None | |
| V | Visa Inc - Class A | Options Chain | 4.50 | 5.60 | 1.32 | 5.00 | 0.26 | 0.24 | 12 | 3 | -0.29 | -0.13 | 320.80 | 310.00 | 6/26/2026 | No | 12 | 71 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.05 | 1.41 | 0.26 | 1.00 | 0.26 | 0.37 | 0 | 5 | -0.27 | -0.03 | 56.84 | 53.00 | 6/26/2026 | No | 8 | 50 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.35 | 3.90 | 1.22 | 5.00 | 0.24 | 0.20 | 27 | 2 | -0.29 | -0.07 | 274.97 | 265.00 | 6/26/2026 | No | 9 | 61 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.60 | 3.90 | 1.20 | 5.00 | 0.24 | 0.24 | 23 | 18 | -0.27 | -0.07 | 230.42 | 220.00 | 6/26/2026 | No | 9 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.72 | 0.96 | 0.24 | 1.00 | 0.24 | 0.30 | 5 | 6 | -0.26 | -0.02 | 49.90 | 47.00 | 6/26/2026 | No | 11 | 64 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.35 | 0.52 | 0.12 | 0.50 | 0.24 | 0.28 | 20 | 11 | -0.27 | -0.01 | 23.31 | 22.00 | 6/26/2026 | No | 7 | 58 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.80 | 4.50 | 1.19 | 5.00 | 0.24 | 0.34 | 21 | 3 | -0.25 | -0.12 | 214.64 | 205.00 | 6/26/2026 | No | 14 | 72 | None | |
| KO | Coca-Cola Company | Options Chain | 0.66 | 0.97 | 0.23 | 1.00 | 0.23 | 0.20 | 5 | 41 | -0.25 | -0.02 | 80.45 | 77.00 | 6/26/2026 | No | 12 | 70 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.28 | 2.04 | 0.23 | 1.00 | 0.23 | 0.26 | 20 | 0 | -0.28 | -0.03 | 95.68 | 91.00 | 6/26/2026 | No | 10 | 70 | None | |
| COST | Costco Wholesale Corp | Options Chain | 16.60 | 18.70 | 0.90 | 5.00 | 0.18 | 0.25 | 15 | 4 | -0.29 | -0.41 | 1,028.96 | 1,000.00 | 6/26/2026 | Yes | 14 | 58 | None | |
| HPQ | HP Inc | Options Chain | 0.69 | 0.97 | 0.09 | 0.50 | 0.18 | 0.57 | 2 | 1 | -0.30 | -0.01 | 21.38 | 19.00 | 6/26/2026 | Yes | 10 | 41 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.43 | 0.49 | 0.17 | 1.00 | 0.17 | 0.24 | 13 | 22 | -0.27 | -0.01 | 33.40 | 32.00 | 6/26/2026 | No | 8 | 60 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.48 | 0.60 | 0.16 | 1.00 | 0.16 | 0.22 | 2 | 0 | -0.25 | -0.02 | 47.39 | 45.00 | 6/26/2026 | No | 13 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 2.33 | 2.58 | 0.16 | 1.00 | 0.16 | 0.29 | 3 | 3 | -0.28 | -0.06 | 130.90 | 126.00 | 6/26/2026 | Yes | 8 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.25 | 5.70 | 0.79 | 5.00 | 0.16 | 0.27 | 1 | 22 | -0.25 | -0.13 | 300.25 | 285.00 | 6/26/2026 | No | 9 | 70 | None |