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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | Target Corp | Options Chain | 2.58 | 4.30 | 0.75 | 1.00 | 0.75 | 0.33 | 1 | 0 | -0.27 | -0.08 | 155.83 | 150.00 | 10/30/2026 | No | 11 | 64 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.37 | 2.95 | 0.64 | 1.00 | 0.64 | 0.63 | 13 | 43 | -0.30 | -0.05 | 62.09 | 51.00 | 10/30/2026 | No | 9 | 54 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.15 | 0.88 | 0.31 | 0.50 | 0.62 | 0.33 | 3 | 52 | -0.25 | -0.01 | 24.69 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 2.71 | 0.47 | 1.00 | 0.47 | 0.50 | 2 | 3 | -0.28 | -0.05 | 71.07 | 64.00 | 10/30/2026 | No | 11 | 58 | None | |
| MDT | Medtronic Plc | Options Chain | 1.30 | 1.65 | 0.45 | 1.00 | 0.45 | 0.24 | 3 | 0 | -0.30 | -0.03 | 90.96 | 89.00 | 10/30/2026 | No | 12 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.51 | 2.16 | 0.40 | 1.00 | 0.40 | 0.31 | 0 | 10 | -0.28 | -0.04 | 90.48 | 84.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| HPQ | HP Inc | Options Chain | 0.86 | 1.48 | 0.19 | 0.50 | 0.38 | 0.49 | 1 | 0 | -0.28 | -0.03 | 35.48 | 31.50 | 10/30/2026 | No | 12 | 55 | None | |
| AA | Alcoa Corp | Options Chain | 1.40 | 2.06 | 0.37 | 1.00 | 0.37 | 0.55 | 2 | 7 | -0.27 | -0.04 | 48.32 | 43.00 | 10/30/2026 | No | 17 | 51 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.78 | 1.13 | 0.35 | 1.00 | 0.35 | 0.28 | 75 | 76 | -0.25 | -0.02 | 62.69 | 56.00 | 10/30/2026 | No | 9 | 65 | None | |
| CEG | Constellation Energy Corporation | Options Chain | 6.40 | 10.60 | 1.70 | 5.00 | 0.34 | 0.45 | 11 | 7 | -0.27 | -0.18 | 284.75 | 250.00 | 10/30/2026 | No | 8 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.15 | 12.65 | 1.67 | 5.00 | 0.33 | 0.33 | 28 | 32 | -0.29 | -0.25 | 494.81 | 480.00 | 10/30/2026 | No | 11 | 66 | None | |
| DOW | Dow Inc | Options Chain | 0.76 | 1.00 | 0.33 | 1.00 | 0.33 | 0.44 | 0 | 50 | -0.28 | -0.02 | 29.03 | 27.00 | 10/30/2026 | No | 8 | 54 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 10.25 | 1.65 | 5.00 | 0.33 | 0.35 | 33 | 44 | -0.29 | -0.22 | 418.01 | 395.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| T | AT&T Inc | Options Chain | 0.43 | 0.76 | 0.16 | 0.50 | 0.32 | 0.32 | 2 | 4 | -0.28 | -0.01 | 26.51 | 25.00 | 10/30/2026 | Yes | 14 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.45 | 8.00 | 1.50 | 5.00 | 0.30 | 0.37 | 65 | 202 | -0.28 | -0.20 | 361.99 | 325.00 | 10/23/2026 | No | 14 | 67 | None | |
| PCG | PG&E Corp | Options Chain | 0.36 | 0.50 | 0.15 | 0.50 | 0.30 | 0.49 | 3 | 1 | -0.28 | -0.01 | 13.60 | 12.50 | 10/30/2026 | Yes | 14 | 58 | None | |
| GLW | Corning Inc | Options Chain | 5.20 | 7.20 | 1.47 | 5.00 | 0.29 | 0.62 | 67 | 145 | -0.29 | -0.13 | 166.40 | 130.00 | 10/30/2026 | No | 9 | 52 | None | |
| EQT | EQT Corp | Options Chain | 0.79 | 1.15 | 0.28 | 1.00 | 0.28 | 0.32 | 0 | 1 | -0.25 | -0.03 | 54.07 | 50.00 | 10/30/2026 | No | 14 | 69 | None | |
| SLB | SLB | Options Chain | 1.07 | 1.44 | 0.28 | 1.00 | 0.28 | 0.38 | 3 | 0 | -0.27 | -0.03 | 56.05 | 50.00 | 10/30/2026 | Yes | 8 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 4.15 | 4.55 | 1.40 | 5.00 | 0.28 | 0.52 | 136 | 220 | -0.25 | -0.09 | 144.79 | 130.00 | 10/30/2026 | No | 8 | 60 | None | |
| VST | Vistra Corp | Options Chain | 3.45 | 4.50 | 1.38 | 5.00 | 0.28 | 0.45 | 86 | 46 | -0.26 | -0.09 | 140.73 | 130.00 | 10/30/2026 | No | 7 | 54 | None | |
| CRM | Salesforce Inc | Options Chain | 6.15 | 7.90 | 1.38 | 5.00 | 0.28 | 0.42 | 2 | 2 | -0.28 | -0.15 | 247.65 | 240.00 | 10/30/2026 | No | 15 | 70 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.75 | 1.15 | 0.27 | 1.00 | 0.27 | 0.44 | 14 | 13 | -0.25 | -0.02 | 37.05 | 34.00 | 10/30/2026 | Yes | 10 | 51 | None | |
| F | Ford Motor Company | Options Chain | 0.33 | 0.40 | 0.13 | 0.50 | 0.26 | 0.38 | 20 | 22 | -0.29 | -0.01 | 13.97 | 13.00 | 10/30/2026 | No | 9 | 48 | None | |
| MO | Altria Group Inc | Options Chain | 1.15 | 1.36 | 0.25 | 1.00 | 0.25 | 0.25 | 6 | 0 | -0.27 | -0.01 | 69.06 | 67.00 | 10/30/2026 | Yes | 9 | 67 | None | |
| CVX | Chevron Corp | Options Chain | 2.83 | 4.20 | 1.18 | 5.00 | 0.24 | 0.29 | 17 | 5 | -0.25 | -0.09 | 214.06 | 200.00 | 10/30/2026 | No | 11 | 69 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.40 | 8.00 | 1.02 | 5.00 | 0.20 | 0.43 | 2 | 8 | -0.27 | -0.16 | 243.29 | 230.00 | 10/30/2026 | No | 12 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 1.55 | 1.86 | 0.20 | 1.00 | 0.20 | 0.24 | 8 | 0 | -0.28 | -0.05 | 109.08 | 105.00 | 10/30/2026 | No | 8 | 55 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.30 | 4.40 | 0.49 | 2.50 | 0.20 | 0.32 | 3 | 21 | -0.30 | -0.08 | 165.23 | 157.50 | 10/30/2026 | Yes | 11 | 64 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.48 | 2.99 | 0.97 | 5.00 | 0.19 | 0.22 | 5 | 12 | -0.23 | -0.09 | 252.52 | 245.00 | 10/30/2026 | No | 12 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.18 | 0.75 | 0.19 | 1.00 | 0.19 | 0.33 | 35 | 0 | -0.25 | -0.01 | 25.20 | 23.00 | 10/30/2026 | No | 15 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 0.91 | 1.46 | 0.19 | 1.00 | 0.19 | 0.20 | 1 | 15 | -0.30 | -0.02 | 88.29 | 86.00 | 10/30/2026 | Yes | 9 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.63 | 0.79 | 0.18 | 1.00 | 0.18 | 0.25 | 26 | 7 | -0.22 | -0.01 | 50.55 | 48.00 | 10/30/2026 | No | 8 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 6.85 | 0.85 | 5.00 | 0.17 | 0.27 | 12 | 36 | -0.26 | -0.12 | 356.80 | 330.00 | 10/30/2026 | Yes | 8 | 71 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.75 | 5.65 | 0.80 | 5.00 | 0.16 | 0.45 | 34 | 99 | -0.26 | -0.12 | 182.15 | 165.00 | 10/30/2026 | No | 12 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.92 | 1.56 | 0.16 | 1.00 | 0.16 | 0.34 | 0 | 1 | -0.27 | -0.03 | 61.35 | 58.00 | 10/30/2026 | No | 10 | 62 | None | |
| V | Visa Inc - Class A | Options Chain | 4.50 | 6.70 | 0.77 | 5.00 | 0.15 | 0.23 | 1 | 44 | -0.28 | -0.15 | 375.28 | 360.00 | 10/30/2026 | Yes | 10 | 69 | None |