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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IP | International Paper Company | Options Chain | 0.80 | 1.20 | 0.47 | 1.00 | 0.47 | 0.39 | 1 | 0 | -0.28 | -0.02 | 36.30 | 34.00 | 10/23/2026 | No | 6 | 60 | None | |
| FRO | Frontline Plc | Options Chain | 1.85 | 2.25 | 0.45 | 1.00 | 0.45 | 0.43 | 0 | 3 | -0.28 | -0.01 | 45.42 | 42.00 | 10/16/2026 | No | 8 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.00 | 0.90 | 0.22 | 0.50 | 0.44 | 0.53 | 0 | 14 | -0.28 | 0.00 | 14.14 | 13.50 | 10/23/2026 | Yes | 9 | 48 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.30 | 11.85 | 1.98 | 5.00 | 0.40 | 0.34 | 2 | 0 | -0.30 | -0.20 | 415.97 | 395.00 | 10/23/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| TGT | Target Corp | Options Chain | 3.30 | 4.35 | 0.87 | 2.50 | 0.35 | 0.30 | 0 | 4 | -0.30 | -0.08 | 163.69 | 157.50 | 10/23/2026 | No | 15 | 72 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 2.00 | 2.15 | 0.78 | 2.50 | 0.31 | 0.34 | 53 | 14 | -0.30 | -0.05 | 85.38 | 80.00 | 10/16/2026 | No | 16 | 57 | None | |
| NTAP | Netapp Inc | Options Chain | 5.80 | 6.40 | 1.55 | 5.00 | 0.31 | 0.48 | 17 | 46 | -0.27 | -0.12 | 165.01 | 170.00 | 10/16/2026 | Yes | 13 | 64 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.25 | 4.60 | 1.52 | 5.00 | 0.30 | 0.21 | 15 | 2 | -0.29 | -0.08 | 260.95 | 250.00 | 10/23/2026 | No | 12 | 66 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.55 | 0.80 | 0.28 | 1.00 | 0.28 | 0.29 | 26 | 0 | -0.25 | -0.02 | 42.66 | 41.00 | 10/16/2026 | Yes | 15 | 77 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 10.20 | 11.30 | 2.70 | 10.00 | 0.27 | 0.46 | 39 | 32 | -0.27 | -0.26 | 387.06 | 360.00 | 10/16/2026 | No | 15 | 71 | None | |
| ORCL | Oracle Corp | Options Chain | 6.80 | 7.80 | 0.27 | 1.00 | 0.27 | 0.62 | 0 | 15 | -0.30 | -0.13 | 145.75 | 141.00 | 10/23/2026 | Yes | 11 | 66 | None | |
| EQNR | Equinor ASA | Options Chain | 0.85 | 0.95 | 0.25 | 1.00 | 0.25 | 0.36 | 20 | 4 | -0.25 | -0.02 | 43.58 | 40.00 | 10/16/2026 | No | 9 | 50 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.75 | 0.85 | 0.25 | 1.00 | 0.25 | 0.38 | 583 | 501 | -0.30 | -0.02 | 32.81 | 31.00 | 10/16/2026 | No | 10 | 59 | None | |
| GLW | Corning Inc | Options Chain | 4.95 | 5.55 | 1.17 | 5.00 | 0.23 | 0.57 | 2 | 1 | -0.26 | -0.11 | 144.13 | 130.00 | 10/23/2026 | No | 9 | 52 | None | |
| TTE | TotalEnergies SE | Options Chain | 1.25 | 1.50 | 0.58 | 2.50 | 0.23 | 0.26 | 0 | 1 | -0.26 | -0.03 | 90.22 | 85.00 | 10/16/2026 | No | 14 | 55 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.32 | 0.53 | 0.23 | 1.00 | 0.23 | 0.18 | 7 | 0 | -0.24 | -0.01 | 39.36 | 38.00 | 10/23/2026 | No | 12 | 67 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.70 | 4.25 | 1.15 | 5.00 | 0.23 | 0.43 | 0 | 10 | -0.26 | -0.09 | 169.96 | 155.00 | 10/23/2026 | No | 10 | 63 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.70 | 3.10 | 1.12 | 5.00 | 0.22 | 0.31 | 1256 | 0 | -0.30 | -0.07 | 139.25 | 135.00 | 10/16/2026 | No | 8 | 59 | None | |
| KO | Coca-Cola Company | Options Chain | 0.74 | 1.33 | 0.22 | 1.00 | 0.22 | 0.17 | 5 | 0 | -0.28 | -0.02 | 88.00 | 85.00 | 10/23/2026 | Yes | 9 | 61 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.20 | 0.52 | 2.50 | 0.21 | 0.45 | 77 | 37 | -0.20 | -0.02 | 55.19 | 50.00 | 10/16/2026 | No | 15 | 72 | None | |
| CVX | Chevron Corp | Options Chain | 0.86 | 4.85 | 1.03 | 5.00 | 0.21 | 0.23 | 0 | 3 | -0.25 | -0.08 | 211.78 | 200.00 | 10/23/2026 | No | 13 | 77 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.65 | 0.20 | 1.00 | 0.20 | 0.36 | 1 | 0 | -0.24 | -0.02 | 31.72 | 30.00 | 10/16/2026 | No | 7 | 58 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.00 | 1.25 | 0.80 | 5.00 | 0.16 | 0.33 | 4 | 1 | -0.24 | -0.03 | 64.63 | 60.00 | 10/16/2026 | No | 14 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 5.05 | 7.35 | 0.77 | 5.00 | 0.15 | 0.39 | 0 | 11 | -0.26 | -0.13 | 256.93 | 245.00 | 10/23/2026 | No | 15 | 70 | None | |
| ITT | ITT Inc | Options Chain | 3.30 | 4.60 | 0.75 | 5.00 | 0.15 | 0.32 | 78 | 0 | -0.27 | -0.07 | 201.00 | 190.00 | 10/16/2026 | No | 10 | 59 | None | |
| INFY | Infosys Ltd | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.42 | 11 | 0 | -0.23 | -0.01 | 11.97 | 11.00 | 10/16/2026 | Yes | 16 | 51 | None | |
| ING | ING Groep N.V. | Options Chain | 0.45 | 0.55 | 0.15 | 1.00 | 0.15 | 0.26 | 2 | 0 | -0.24 | -0.01 | 35.25 | 35.00 | 10/16/2026 | No | 8 | 53 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.31 | 2 | 0 | -0.24 | -0.01 | 26.50 | 25.00 | 10/16/2026 | No | 15 | 51 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.27 | 101 | 21 | -0.27 | -0.01 | 16.88 | 16.00 | 10/16/2026 | Yes | 9 | 57 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.26 | 51 | 49 | -0.27 | -0.01 | 21.65 | 21.00 | 10/16/2026 | Yes | 15 | 68 | None |