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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 1.68 | 3.05 | 0.65 | 1.00 | 0.65 | 0.49 | 0 | 1 | -0.28 | -0.04 | 66.50 | 63.00 | 10/2/2026 | No | 10 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.86 | 2.59 | 0.39 | 1.00 | 0.39 | 0.28 | 28 | 0 | -0.28 | -0.04 | 115.72 | 109.00 | 10/2/2026 | Yes | 10 | 57 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.53 | 2.29 | 0.38 | 1.00 | 0.38 | 0.21 | 3 | 1 | -0.29 | -0.05 | 144.55 | 138.00 | 10/2/2026 | No | 12 | 72 | None | |
| ORCL | Oracle Corp | Options Chain | 7.00 | 7.65 | 1.88 | 5.00 | 0.38 | 0.64 | 8 | 114 | -0.29 | -0.13 | 150.76 | 135.00 | 10/2/2026 | Yes | 9 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.65 | 2.06 | 0.37 | 1.00 | 0.37 | 0.29 | 0 | 4 | -0.30 | -0.02 | 63.83 | 61.00 | 10/2/2026 | No | 16 | 70 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.91 | 1.30 | 0.33 | 1.00 | 0.33 | 0.33 | 0 | 30 | -0.29 | -0.02 | 45.85 | 44.00 | 10/2/2026 | No | 10 | 57 | None | |
| GLW | Corning Inc | Options Chain | 6.40 | 8.10 | 1.65 | 5.00 | 0.33 | 0.68 | 7 | 29 | -0.26 | -0.16 | 165.99 | 155.00 | 10/2/2026 | No | 8 | 52 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.12 | 1.27 | 0.32 | 1.00 | 0.32 | 0.44 | 163 | 222 | -0.29 | -0.02 | 40.73 | 36.00 | 10/2/2026 | Yes | 14 | 59 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.70 | 8.60 | 1.57 | 5.00 | 0.31 | 0.29 | 4 | 1 | -0.30 | -0.16 | 401.73 | 375.00 | 10/2/2026 | No | 13 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.40 | 12.00 | 1.50 | 5.00 | 0.30 | 0.36 | 3 | 1 | -0.30 | -0.23 | 426.35 | 410.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| TSCO | Tractor Supply Company | Options Chain | 0.75 | 1.05 | 0.30 | 1.00 | 0.30 | 0.35 | 0 | 1 | -0.30 | -0.02 | 35.83 | 33.00 | 10/2/2026 | No | 9 | 58 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.39 | 0.15 | 0.50 | 0.30 | 0.31 | 1 | 14 | -0.29 | -0.01 | 14.37 | 13.50 | 10/2/2026 | No | 9 | 48 | None | |
| HD | Home Depot Inc | Options Chain | 5.20 | 7.00 | 1.42 | 5.00 | 0.28 | 0.29 | 1 | 2 | -0.30 | -0.13 | 338.88 | 320.00 | 10/2/2026 | Yes | 7 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 5.35 | 1.40 | 5.00 | 0.28 | 0.21 | 3 | 5 | -0.26 | -0.13 | 362.60 | 350.00 | 10/2/2026 | No | 12 | 79 | None | |
| CRM | Salesforce Inc | Options Chain | 5.00 | 5.75 | 1.38 | 5.00 | 0.28 | 0.47 | 8 | 29 | -0.25 | -0.12 | 196.21 | 175.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.55 | 5.70 | 1.35 | 5.00 | 0.27 | 0.36 | 2 | 47 | -0.26 | -0.12 | 234.32 | 215.00 | 10/2/2026 | No | 9 | 66 | None | |
| HPQ | HP Inc | Options Chain | 0.70 | 1.37 | 0.13 | 0.50 | 0.26 | 0.50 | 0 | 11 | -0.30 | -0.02 | 30.25 | 27.00 | 10/2/2026 | Yes | 12 | 46 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 0.97 | 0.25 | 1.00 | 0.25 | 0.20 | 14 | 9 | -0.27 | -0.02 | 64.49 | 62.00 | 10/2/2026 | No | 13 | 74 | None | |
| APA | APA Corporation | Options Chain | 0.79 | 1.19 | 0.25 | 1.00 | 0.25 | 0.41 | 0 | 10 | -0.29 | -0.02 | 40.47 | 38.00 | 10/2/2026 | No | 14 | 65 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.98 | 1.34 | 0.25 | 1.00 | 0.25 | 0.32 | 0 | 1 | -0.29 | -0.02 | 58.36 | 55.00 | 10/2/2026 | No | 13 | 63 | None | |
| VST | Vistra Corp | Options Chain | 3.50 | 4.00 | 1.24 | 5.00 | 0.25 | 0.42 | 17 | 22 | -0.26 | -0.08 | 148.13 | 135.00 | 10/2/2026 | No | 7 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.30 | 2.71 | 0.62 | 2.50 | 0.25 | 0.28 | 23 | 4 | -0.27 | -0.06 | 158.73 | 152.50 | 10/2/2026 | No | 11 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.35 | 5.15 | 1.23 | 5.00 | 0.25 | 0.44 | 5 | 36 | -0.28 | -0.09 | 165.20 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| PCG | PG&E Corp | Options Chain | 0.39 | 0.56 | 0.12 | 0.50 | 0.24 | 0.45 | 6 | 0 | -0.26 | -0.01 | 17.90 | 16.00 | 10/2/2026 | No | 13 | 61 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.92 | 3.45 | 1.15 | 5.00 | 0.23 | 0.21 | 34 | 33 | -0.27 | -0.07 | 272.83 | 255.00 | 10/2/2026 | No | 9 | 61 | None | |
| CVX | Chevron Corp | Options Chain | 2.73 | 3.20 | 1.14 | 5.00 | 0.23 | 0.26 | 1 | 2 | -0.25 | -0.05 | 200.18 | 190.00 | 10/2/2026 | No | 13 | 77 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.46 | 0.58 | 0.11 | 0.50 | 0.22 | 0.21 | 2 | 0 | -0.30 | -0.01 | 25.51 | 23.50 | 10/2/2026 | No | 7 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.86 | 3.70 | 1.09 | 5.00 | 0.22 | 0.23 | 5 | 2 | -0.25 | -0.06 | 260.35 | 250.00 | 10/2/2026 | No | 12 | 72 | None | |
| MO | Altria Group Inc | Options Chain | 0.85 | 1.02 | 0.21 | 1.00 | 0.21 | 0.18 | 0 | 5 | -0.29 | -0.02 | 65.70 | 61.00 | 10/2/2026 | No | 9 | 66 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.50 | 2.05 | 1.00 | 5.00 | 0.20 | 0.32 | 2 | 58 | -0.22 | -0.06 | 111.68 | 105.00 | 10/2/2026 | No | 10 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.02 | 0.20 | 1.00 | 0.20 | 0.18 | 27 | 0 | -0.28 | -0.02 | 87.71 | 84.00 | 10/2/2026 | No | 12 | 67 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.44 | 0.09 | 0.50 | 0.18 | 0.30 | 0 | 1 | -0.25 | -0.01 | 24.87 | 23.50 | 10/2/2026 | No | 15 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.43 | 0.75 | 0.15 | 1.00 | 0.15 | 0.24 | 14 | 0 | -0.24 | -0.02 | 48.48 | 46.00 | 10/2/2026 | No | 8 | 64 | None |