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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corp | Options Chain | 6.70 | 9.10 | 2.35 | 5.00 | 0.47 | 0.44 | 4 | 4 | -0.29 | -0.14 | 233.82 | 225.00 | 10/30/2026 | Yes | 12 | 73 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.85 | 4.70 | 1.16 | 2.50 | 0.46 | 0.31 | 1 | 7 | -0.29 | -0.08 | 165.23 | 157.50 | 10/30/2026 | Yes | 13 | 73 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.33 | 0.58 | 0.23 | 0.50 | 0.46 | 0.30 | 1 | 11 | -0.25 | -0.01 | 24.39 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.80 | 3.45 | 0.41 | 1.00 | 0.41 | 0.50 | 0 | 4 | -0.29 | -0.05 | 71.21 | 66.00 | 10/30/2026 | Yes | 9 | 58 | None | |
| KR | Kroger Company | Options Chain | 0.50 | 1.63 | 0.40 | 1.00 | 0.40 | 0.29 | 0 | 2 | -0.28 | -0.03 | 57.29 | 55.00 | 10/30/2026 | Yes | 10 | 52 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.80 | 1.14 | 0.37 | 1.00 | 0.37 | 0.26 | 2 | 0 | -0.28 | -0.01 | 49.97 | 48.00 | 10/30/2026 | Yes | 8 | 64 | None | |
| GLW | Corning Inc | Options Chain | 7.35 | 8.50 | 1.75 | 5.00 | 0.35 | 0.65 | 6 | 11 | -0.28 | -0.16 | 163.12 | 150.00 | 10/30/2026 | Yes | 10 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.50 | 7.65 | 1.75 | 5.00 | 0.35 | 0.49 | 4 | 1 | -0.29 | -0.13 | 176.88 | 170.00 | 10/30/2026 | No | 12 | 71 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.90 | 11.75 | 1.75 | 5.00 | 0.35 | 0.35 | 18 | 9 | -0.30 | -0.21 | 428.03 | 410.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 6.05 | 6.55 | 1.75 | 5.00 | 0.35 | 0.51 | 97 | 84 | -0.30 | -0.10 | 152.94 | 140.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| CRM | Salesforce Inc | Options Chain | 5.95 | 7.65 | 1.65 | 5.00 | 0.33 | 0.41 | 0 | 8 | -0.27 | -0.14 | 243.00 | 230.00 | 10/30/2026 | No | 14 | 70 | None | |
| CVX | Chevron Corp | Options Chain | 3.55 | 5.30 | 1.49 | 5.00 | 0.30 | 0.28 | 7 | 2 | -0.30 | -0.09 | 212.76 | 205.00 | 10/30/2026 | Yes | 13 | 77 | None | |
| F | Ford Motor Company | Options Chain | 0.29 | 0.38 | 0.14 | 0.50 | 0.28 | 0.38 | 47 | 17 | -0.26 | -0.01 | 13.88 | 13.00 | 10/30/2026 | Yes | 9 | 48 | None | |
| VST | Vistra Corp | Options Chain | 3.40 | 4.55 | 1.39 | 5.00 | 0.28 | 0.45 | 3 | 1 | -0.25 | -0.08 | 147.05 | 135.00 | 10/30/2026 | No | 8 | 54 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.88 | 2.29 | 0.27 | 1.00 | 0.27 | 0.31 | 1 | 2 | -0.28 | -0.04 | 107.44 | 105.00 | 10/30/2026 | No | 10 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.25 | 9.60 | 1.30 | 5.00 | 0.26 | 0.34 | 2 | 17 | -0.29 | -0.15 | 388.28 | 355.00 | 10/30/2026 | Yes | 10 | 58 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.32 | 0.63 | 0.26 | 1.00 | 0.26 | 0.35 | 2 | 2 | -0.21 | -0.01 | 25.17 | 23.00 | 10/30/2026 | Yes | 10 | 57 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.55 | 4.25 | 1.25 | 5.00 | 0.25 | 0.22 | 3 | 23 | -0.29 | -0.10 | 253.10 | 245.00 | 10/30/2026 | No | 12 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 0.94 | 1.30 | 0.24 | 1.00 | 0.24 | 0.25 | 75 | 0 | -0.24 | -0.01 | 68.79 | 65.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| NVO | Novo Nordisk | Options Chain | 0.51 | 1.00 | 0.22 | 1.00 | 0.22 | 0.36 | 29 | 55 | -0.25 | -0.02 | 44.01 | 40.00 | 10/30/2026 | No | 11 | 48 | None | |
| DOW | Dow Inc | Options Chain | 0.63 | 1.11 | 0.19 | 1.00 | 0.19 | 0.44 | 20 | 0 | -0.28 | -0.02 | 29.64 | 27.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.84 | 1.05 | 0.18 | 1.00 | 0.18 | 0.44 | 6 | 10 | -0.26 | -0.02 | 36.62 | 34.00 | 10/30/2026 | Yes | 11 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 1.38 | 1.70 | 0.15 | 1.00 | 0.15 | 0.24 | 2 | 0 | -0.28 | -0.04 | 105.87 | 102.00 | 10/30/2026 | No | 8 | 55 | None |