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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.01 | 1.25 | 0.45 | 1.00 | 0.45 | 0.39 | 5 | 0 | -0.29 | -0.03 | 45.88 | 44.00 | 7/31/2026 | No | 17 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 10.55 | 12.95 | 1.07 | 2.50 | 0.43 | 0.83 | 0 | 14 | -0.29 | -0.27 | 221.90 | 182.50 | 7/31/2026 | Yes | 11 | 65 | None | |
| GLW | Corning Inc | Options Chain | 9.35 | 12.90 | 1.05 | 2.50 | 0.42 | 0.85 | 3 | 34 | -0.29 | -0.25 | 209.83 | 172.50 | 7/31/2026 | No | 8 | 52 | None | |
| WMT | Walmart Inc | Options Chain | 1.59 | 2.08 | 0.35 | 1.00 | 0.35 | 0.25 | 2 | 5 | -0.28 | -0.06 | 117.18 | 115.00 | 7/31/2026 | No | 9 | 55 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.95 | 1.30 | 0.35 | 1.00 | 0.35 | 0.54 | 1 | 0 | -0.30 | -0.03 | 30.24 | 28.00 | 7/31/2026 | Yes | 7 | 48 | None | |
| C | Citigroup Inc | Options Chain | 2.82 | 3.25 | 0.34 | 1.00 | 0.34 | 0.33 | 21 | 62 | -0.29 | -0.08 | 145.67 | 139.00 | 7/31/2026 | Yes | 11 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.20 | 2.75 | 0.34 | 1.00 | 0.34 | 0.58 | 154 | 11 | -0.30 | -0.06 | 69.21 | 60.00 | 7/31/2026 | Yes | 10 | 58 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.50 | 9.75 | 1.70 | 5.00 | 0.34 | 0.53 | 4 | 120 | -0.28 | -0.22 | 252.22 | 245.00 | 7/31/2026 | Yes | 13 | 72 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.89 | 1.26 | 0.32 | 1.00 | 0.32 | 0.39 | 0 | 5 | -0.30 | -0.03 | 43.05 | 41.00 | 7/31/2026 | No | 10 | 60 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.35 | 25.10 | 1.55 | 5.00 | 0.31 | 0.79 | 4 | 1 | -0.30 | -0.53 | 418.71 | 390.00 | 7/31/2026 | No | 14 | 57 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.35 | 1.95 | 0.30 | 1.00 | 0.30 | 0.58 | 15 | 0 | -0.28 | -0.04 | 48.41 | 43.00 | 7/31/2026 | No | 14 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.00 | 16.15 | 1.48 | 5.00 | 0.30 | 0.53 | 53 | 51 | -0.29 | -0.39 | 467.67 | 410.00 | 7/31/2026 | Yes | 22 | 65 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 5.40 | 5.80 | 1.47 | 5.00 | 0.29 | 0.54 | 20 | 58 | -0.28 | -0.14 | 175.42 | 155.00 | 7/31/2026 | No | 7 | 61 | None | |
| APA | APA Corporation | Options Chain | 0.71 | 1.06 | 0.29 | 1.00 | 0.29 | 0.50 | 0 | 17 | -0.25 | -0.02 | 34.20 | 31.00 | 7/31/2026 | No | 15 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.57 | 1.99 | 0.28 | 1.00 | 0.28 | 0.33 | 3 | 0 | -0.29 | -0.05 | 83.84 | 80.00 | 7/31/2026 | Yes | 13 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.48 | 0.67 | 0.28 | 1.00 | 0.28 | 0.27 | 1 | 25 | -0.30 | -0.01 | 32.21 | 31.00 | 7/31/2026 | Yes | 10 | 66 | None | |
| HPQ | HP Inc | Options Chain | 0.66 | 0.86 | 0.14 | 0.50 | 0.28 | 0.47 | 3 | 4 | -0.30 | -0.02 | 23.54 | 22.50 | 7/31/2026 | No | 12 | 38 | None | |
| DOW | Dow Inc | Options Chain | 0.75 | 0.91 | 0.25 | 1.00 | 0.25 | 0.50 | 0 | 2 | -0.26 | -0.02 | 30.79 | 28.00 | 7/31/2026 | Yes | 6 | 51 | None | |
| IP | International Paper Company | Options Chain | 0.90 | 1.35 | 0.25 | 1.00 | 0.25 | 0.52 | 3 | 0 | -0.28 | -0.03 | 36.89 | 34.00 | 7/31/2026 | Yes | 6 | 60 | None | |
| HAL | Halliburton Company | Options Chain | 0.76 | 1.02 | 0.25 | 1.00 | 0.25 | 0.43 | 1 | 0 | -0.28 | -0.02 | 35.17 | 33.00 | 7/31/2026 | Yes | 10 | 48 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.37 | 0.12 | 0.50 | 0.24 | 0.45 | 55 | 22 | -0.26 | -0.01 | 14.11 | 13.00 | 7/31/2026 | Yes | 9 | 46 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.42 | 0.46 | 0.12 | 0.50 | 0.24 | 0.30 | 19 | 0 | -0.30 | -0.01 | 22.03 | 21.50 | 7/31/2026 | Yes | 8 | 58 | None | |
| KO | Coca-Cola Company | Options Chain | 0.83 | 0.98 | 0.23 | 1.00 | 0.23 | 0.21 | 10 | 15 | -0.26 | -0.03 | 79.53 | 77.00 | 7/31/2026 | Yes | 9 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.70 | 0.91 | 0.22 | 1.00 | 0.22 | 0.29 | 1 | 26 | -0.25 | -0.01 | 45.36 | 44.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.25 | 6.00 | 1.08 | 5.00 | 0.22 | 0.27 | 11 | 0 | -0.29 | -0.14 | 331.48 | 320.00 | 7/31/2026 | Yes | 9 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.78 | 0.92 | 0.21 | 1.00 | 0.21 | 0.28 | 6 | 3 | -0.25 | -0.02 | 57.37 | 55.00 | 7/31/2026 | Yes | 14 | 74 | None | |
| CRM | Salesforce Inc | Options Chain | 2.65 | 3.30 | 1.03 | 5.00 | 0.21 | 0.45 | 15 | 25 | -0.23 | -0.11 | 150.12 | 140.00 | 7/31/2026 | No | 15 | 71 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.40 | 0.57 | 0.19 | 1.00 | 0.19 | 0.41 | 1 | 2 | -0.24 | -0.01 | 22.32 | 21.00 | 7/31/2026 | Yes | 16 | 69 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.80 | 1.01 | 0.16 | 1.00 | 0.16 | 0.31 | 0 | 3 | -0.24 | -0.02 | 54.70 | 52.00 | 7/31/2026 | Yes | 15 | 64 | None |