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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 2.71 | 0.49 | 1.00 | 0.49 | 0.50 | 2 | 2 | -0.29 | -0.05 | 71.07 | 64.00 | 10/30/2026 | Yes | 11 | 63 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.95 | 3.10 | 0.48 | 1.00 | 0.48 | 0.44 | 1 | 2 | -0.29 | -0.04 | 79.84 | 74.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| COP | Conoco Phillips | Options Chain | 2.43 | 3.65 | 0.39 | 1.00 | 0.39 | 0.31 | 1 | 2 | -0.29 | -0.07 | 137.35 | 131.00 | 10/30/2026 | No | 10 | 67 | None | |
| AA | Alcoa Corp | Options Chain | 1.40 | 2.06 | 0.37 | 1.00 | 0.37 | 0.55 | 2 | 7 | -0.28 | -0.03 | 48.26 | 43.00 | 10/30/2026 | Yes | 17 | 51 | None | |
| GLW | Corning Inc | Options Chain | 7.65 | 8.50 | 1.83 | 5.00 | 0.37 | 0.65 | 18 | 59 | -0.33 | -0.15 | 166.40 | 135.00 | 10/30/2026 | Yes | 10 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.20 | 4.30 | 0.91 | 2.50 | 0.36 | 0.32 | 3 | 19 | -0.30 | -0.08 | 165.23 | 157.50 | 10/30/2026 | Yes | 11 | 64 | None | |
| CEG | Constellation Energy Corporation | Options Chain | 7.60 | 10.20 | 1.75 | 5.00 | 0.35 | 0.44 | 11 | 4 | -0.30 | -0.17 | 284.75 | 250.00 | 10/30/2026 | No | 8 | 66 | None | |
| F | Ford Motor Company | Options Chain | 0.33 | 0.44 | 0.17 | 0.50 | 0.34 | 0.40 | 16 | 10 | -0.29 | -0.01 | 13.97 | 13.00 | 10/30/2026 | Yes | 9 | 48 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.01 | 2.42 | 0.33 | 1.00 | 0.33 | 0.60 | 11 | 14 | -0.28 | -0.04 | 62.09 | 51.00 | 10/30/2026 | No | 12 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.00 | 2.50 | 0.32 | 1.00 | 0.32 | 0.30 | 1 | 0 | -0.29 | -0.04 | 90.29 | 85.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.05 | 7.60 | 1.58 | 5.00 | 0.32 | 0.44 | 2 | 8 | -0.28 | -0.15 | 243.29 | 230.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.95 | 5.90 | 1.48 | 5.00 | 0.30 | 0.47 | 30 | 93 | -0.26 | -0.12 | 181.97 | 165.00 | 10/30/2026 | No | 12 | 70 | None | |
| CRM | Salesforce Inc | Options Chain | 6.65 | 7.90 | 1.48 | 5.00 | 0.30 | 0.42 | 2 | 2 | -0.28 | -0.15 | 247.65 | 240.00 | 10/30/2026 | No | 11 | 63 | None | |
| CVX | Chevron Corp | Options Chain | 3.75 | 5.10 | 1.41 | 5.00 | 0.28 | 0.28 | 1 | 15 | -0.30 | -0.10 | 214.06 | 205.00 | 10/30/2026 | Yes | 13 | 76 | None | |
| MO | Altria Group Inc | Options Chain | 1.21 | 1.36 | 0.28 | 1.00 | 0.28 | 0.25 | 3 | 0 | -0.29 | -0.02 | 68.98 | 67.00 | 10/30/2026 | Yes | 9 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.13 | 1.28 | 0.28 | 1.00 | 0.28 | 0.28 | 4 | 69 | -0.29 | -0.03 | 62.69 | 57.00 | 10/30/2026 | Yes | 12 | 74 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.90 | 4.45 | 1.38 | 5.00 | 0.28 | 0.22 | 8 | 5 | -0.30 | -0.10 | 252.53 | 250.00 | 10/30/2026 | No | 12 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 4.30 | 4.60 | 1.37 | 5.00 | 0.27 | 0.51 | 89 | 201 | -0.25 | -0.10 | 150.28 | 130.00 | 10/30/2026 | No | 8 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 1.56 | 1.86 | 0.27 | 1.00 | 0.27 | 0.24 | 8 | 0 | -0.28 | -0.05 | 107.15 | 105.00 | 10/30/2026 | No | 8 | 55 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.03 | 1.26 | 0.27 | 1.00 | 0.27 | 0.42 | 23 | 11 | -0.30 | -0.02 | 36.80 | 35.00 | 10/30/2026 | Yes | 10 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.95 | 9.45 | 1.32 | 5.00 | 0.26 | 0.35 | 31 | 34 | -0.28 | -0.21 | 433.24 | 395.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| T | AT&T Inc | Options Chain | 0.50 | 0.67 | 0.13 | 0.50 | 0.26 | 0.29 | 1 | 0 | -0.30 | -0.01 | 26.06 | 25.00 | 10/30/2026 | Yes | 14 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.76 | 1.00 | 0.24 | 1.00 | 0.24 | 0.43 | 0 | 50 | -0.30 | -0.02 | 29.03 | 27.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| TGT | Target Corp | Options Chain | 2.57 | 2.90 | 0.23 | 1.00 | 0.23 | 0.30 | 1 | 0 | -0.26 | -0.07 | 155.83 | 150.00 | 10/30/2026 | No | 11 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 1.04 | 1.24 | 0.23 | 1.00 | 0.23 | 0.22 | 5 | 6 | -0.27 | -0.02 | 88.29 | 85.00 | 10/30/2026 | Yes | 9 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.90 | 10.35 | 1.13 | 5.00 | 0.23 | 0.34 | 3 | 4 | -0.30 | -0.20 | 378.65 | 365.00 | 10/30/2026 | Yes | 11 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 0.89 | 1.00 | 0.22 | 1.00 | 0.22 | 0.34 | 0 | 12 | -0.28 | -0.02 | 43.10 | 41.00 | 10/30/2026 | No | 14 | 57 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.12 | 2.35 | 0.22 | 1.00 | 0.22 | 0.31 | 12 | 0 | -0.28 | -0.05 | 112.13 | 105.00 | 10/30/2026 | No | 11 | 64 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.33 | 0.51 | 0.11 | 0.50 | 0.22 | 0.31 | 1 | 30 | -0.25 | -0.01 | 24.60 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.39 | 0.58 | 0.21 | 1.00 | 0.21 | 0.35 | 32 | 0 | -0.24 | -0.01 | 25.20 | 23.00 | 10/30/2026 | Yes | 10 | 51 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.70 | 0.78 | 0.21 | 1.00 | 0.21 | 0.26 | 5 | 5 | -0.24 | -0.01 | 50.61 | 48.00 | 10/30/2026 | No | 8 | 65 | None | |
| CSX | CSX Corp | Options Chain | 0.65 | 0.90 | 0.20 | 1.00 | 0.20 | 0.28 | 0 | 1 | -0.25 | -0.02 | 49.34 | 46.00 | 10/30/2026 | Yes | 9 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.15 | 6.30 | 0.90 | 5.00 | 0.18 | 0.26 | 6 | 2 | -0.29 | -0.12 | 356.23 | 335.00 | 10/30/2026 | Yes | 8 | 71 | None | |
| VST | Vistra Corp | Options Chain | 3.35 | 3.90 | 0.88 | 5.00 | 0.18 | 0.44 | 78 | 46 | -0.25 | -0.09 | 148.92 | 130.00 | 10/30/2026 | No | 7 | 54 | None |