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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.04 | 3.15 | 0.62 | 1.00 | 0.62 | 0.76 | 0 | 2 | -0.30 | -0.05 | 45.13 | 41.00 | 8/28/2026 | No | 10 | 53 | None | |
| INTU | Intuit Inc | Options Chain | 11.90 | 16.00 | 3.00 | 5.00 | 0.60 | 0.65 | 1 | 4 | -0.29 | -0.28 | 294.79 | 270.00 | 8/28/2026 | Yes | 13 | 61 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.99 | 1.47 | 0.50 | 1.00 | 0.50 | 0.33 | 1 | 0 | -0.30 | -0.03 | 58.63 | 57.00 | 8/28/2026 | Yes | 15 | 61 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.11 | 2.58 | 0.48 | 1.00 | 0.48 | 0.56 | 0 | 12 | -0.29 | -0.05 | 61.18 | 54.00 | 8/28/2026 | Yes | 15 | 63 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 3.55 | 4.60 | 0.38 | 1.00 | 0.38 | 0.51 | 0 | 4 | -0.30 | -0.08 | 112.18 | 102.00 | 8/28/2026 | Yes | 9 | 62 | None | |
| GLW | Corning Inc | Options Chain | 10.10 | 11.65 | 1.85 | 5.00 | 0.37 | 0.93 | 34 | 18 | -0.29 | -0.21 | 158.39 | 140.00 | 8/28/2026 | Yes | 9 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.20 | 9.40 | 1.82 | 5.00 | 0.36 | 0.71 | 25 | 8 | -0.29 | -0.18 | 170.61 | 155.00 | 8/28/2026 | Yes | 11 | 64 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.35 | 5.75 | 1.73 | 5.00 | 0.35 | 0.26 | 8 | 8 | -0.30 | -0.09 | 247.90 | 240.00 | 8/28/2026 | Yes | 9 | 66 | None | |
| VST | Vistra Corp | Options Chain | 5.20 | 7.20 | 1.70 | 5.00 | 0.34 | 0.57 | 5 | 2 | -0.30 | -0.12 | 160.23 | 140.00 | 8/28/2026 | Yes | 7 | 56 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.38 | 0.79 | 0.32 | 1.00 | 0.32 | 0.45 | 0 | 1 | -0.23 | -0.01 | 23.50 | 22.00 | 8/28/2026 | Yes | 16 | 68 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.05 | 6.95 | 1.55 | 5.00 | 0.31 | 0.49 | 114 | 58 | -0.27 | -0.13 | 211.79 | 200.00 | 8/28/2026 | Yes | 10 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.83 | 1.07 | 0.31 | 1.00 | 0.31 | 0.39 | 0 | 1 | -0.25 | -0.03 | 42.85 | 40.00 | 8/28/2026 | Yes | 7 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.10 | 15.60 | 1.52 | 5.00 | 0.30 | 0.52 | 59 | 34 | -0.29 | -0.32 | 409.74 | 380.00 | 8/28/2026 | Yes | 23 | 65 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 10.35 | 12.95 | 1.52 | 5.00 | 0.30 | 0.43 | 16 | 117 | -0.29 | -0.25 | 401.10 | 375.00 | 8/28/2026 | Yes | 15 | 72 | None | |
| APA | APA Corporation | Options Chain | 0.80 | 1.05 | 0.30 | 1.00 | 0.30 | 0.49 | 0 | 3 | -0.25 | -0.02 | 34.27 | 31.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| DOW | Dow Inc | Options Chain | 0.36 | 1.20 | 0.30 | 1.00 | 0.30 | 0.47 | 1 | 0 | -0.25 | -0.02 | 29.64 | 27.00 | 8/28/2026 | Yes | 6 | 52 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.83 | 1.15 | 0.30 | 1.00 | 0.30 | 0.26 | 0 | 6 | -0.27 | -0.03 | 63.01 | 61.00 | 8/28/2026 | Yes | 14 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.57 | 0.92 | 0.15 | 0.50 | 0.30 | 0.50 | 10 | 4 | -0.27 | -0.02 | 23.82 | 22.00 | 8/28/2026 | Yes | 12 | 45 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.05 | 8.70 | 1.45 | 5.00 | 0.29 | 0.31 | 54 | 20 | -0.27 | -0.19 | 418.52 | 400.00 | 8/28/2026 | Yes | 10 | 58 | None | |
| MS | Morgan Stanley | Options Chain | 4.15 | 5.55 | 1.43 | 5.00 | 0.29 | 0.35 | 5 | 14 | -0.28 | -0.09 | 228.12 | 205.00 | 8/28/2026 | Yes | 11 | 75 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.78 | 0.28 | 1.00 | 0.28 | 0.21 | 2 | 0 | -0.20 | 0.00 | 37.56 | 36.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| V | Visa Inc - Class A | Options Chain | 5.85 | 7.55 | 1.37 | 5.00 | 0.27 | 0.26 | 1 | 2 | -0.30 | -0.14 | 355.14 | 350.00 | 8/28/2026 | Yes | 11 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 1.10 | 1.33 | 0.27 | 1.00 | 0.27 | 0.29 | 1 | 8 | -0.26 | -0.03 | 73.03 | 69.00 | 8/28/2026 | Yes | 8 | 58 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.55 | 15.65 | 1.30 | 5.00 | 0.26 | 0.22 | 23 | 4 | -0.28 | -0.33 | 916.75 | 910.00 | 8/28/2026 | No | 14 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 4.00 | 4.45 | 1.26 | 5.00 | 0.25 | 0.62 | 88 | 43 | -0.24 | -0.11 | 124.21 | 110.00 | 8/28/2026 | No | 10 | 70 | None | |
| CSX | CSX Corp | Options Chain | 0.65 | 0.90 | 0.25 | 1.00 | 0.25 | 0.28 | 9 | 0 | -0.26 | -0.02 | 50.89 | 48.00 | 8/28/2026 | Yes | 9 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.59 | 2.97 | 0.25 | 1.00 | 0.25 | 0.32 | 52 | 3 | -0.29 | -0.06 | 134.55 | 125.00 | 8/28/2026 | No | 14 | 69 | None | |
| NVO | Novo Nordisk | Options Chain | 1.17 | 1.39 | 0.24 | 1.00 | 0.24 | 0.44 | 0 | 5 | -0.26 | -0.03 | 50.65 | 47.00 | 8/28/2026 | Yes | 13 | 52 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.70 | 3.90 | 1.19 | 5.00 | 0.24 | 0.25 | 6 | 12 | -0.25 | -0.11 | 273.46 | 260.00 | 8/28/2026 | Yes | 12 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.70 | 5.95 | 1.18 | 5.00 | 0.24 | 0.24 | 3 | 18 | -0.28 | -0.14 | 347.31 | 330.00 | 8/28/2026 | No | 12 | 77 | None | |
| CRM | Salesforce Inc | Options Chain | 4.05 | 5.95 | 1.16 | 5.00 | 0.23 | 0.46 | 0 | 2 | -0.27 | -0.13 | 167.60 | 160.00 | 8/28/2026 | No | 15 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.75 | 0.88 | 0.23 | 1.00 | 0.23 | 0.23 | 34 | 5 | -0.26 | -0.02 | 61.60 | 59.00 | 8/28/2026 | No | 10 | 65 | None | |
| KO | Coca-Cola Company | Options Chain | 1.02 | 1.39 | 0.23 | 1.00 | 0.23 | 0.22 | 14 | 1 | -0.28 | -0.03 | 84.92 | 82.00 | 8/28/2026 | Yes | 9 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.27 | 1.80 | 0.23 | 1.00 | 0.23 | 0.28 | 1 | 7 | -0.29 | -0.03 | 87.51 | 84.00 | 8/28/2026 | No | 14 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.80 | 1.01 | 0.23 | 1.00 | 0.23 | 0.30 | 5 | 4 | -0.30 | -0.02 | 42.83 | 42.00 | 8/28/2026 | Yes | 9 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.89 | 1.14 | 0.23 | 1.00 | 0.23 | 0.34 | 14 | 11 | -0.30 | -0.02 | 42.82 | 42.00 | 8/28/2026 | No | 13 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.32 | 0.41 | 0.11 | 0.50 | 0.22 | 0.33 | 2 | 1 | -0.24 | -0.01 | 21.43 | 20.50 | 8/28/2026 | Yes | 8 | 61 | None | |
| KR | Kroger Company | Options Chain | 0.80 | 1.12 | 0.21 | 1.00 | 0.21 | 0.30 | 2 | 1 | -0.27 | -0.02 | 58.61 | 55.00 | 8/28/2026 | No | 10 | 55 | None | |
| TGT | Target Corp | Options Chain | 3.50 | 4.40 | 0.20 | 1.00 | 0.20 | 0.41 | 0 | 5 | -0.30 | -0.07 | 138.29 | 131.00 | 8/28/2026 | Yes | 12 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.31 | 0.35 | 0.09 | 0.50 | 0.18 | 0.41 | 237 | 8 | -0.26 | -0.01 | 14.19 | 13.00 | 8/28/2026 | Yes | 9 | 47 | None | |
| WMT | Walmart Inc | Options Chain | 1.55 | 2.46 | 0.17 | 1.00 | 0.17 | 0.29 | 3 | 0 | -0.28 | -0.05 | 112.53 | 109.00 | 8/28/2026 | Yes | 10 | 59 | None |