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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KHC | Kraft Heinz Company | Options Chain | 0.45 | 0.80 | 0.24 | 0.50 | 0.48 | 0.35 | 2 | 20 | -0.30 | -0.01 | 25.88 | 24.50 | 8/28/2026 | Yes | 8 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 2.32 | 2.53 | 0.37 | 1.00 | 0.37 | 0.31 | 3 | 3 | -0.30 | -0.06 | 114.24 | 108.00 | 8/28/2026 | Yes | 9 | 55 | None | |
| GLW | Corning Inc | Options Chain | 8.60 | 10.20 | 1.82 | 5.00 | 0.36 | 0.97 | 3 | 4 | -0.27 | -0.22 | 154.00 | 135.00 | 8/28/2026 | Yes | 10 | 54 | None | |
| MO | Altria Group Inc | Options Chain | 1.28 | 1.68 | 0.35 | 1.00 | 0.35 | 0.30 | 1 | 2 | -0.29 | -0.04 | 74.21 | 71.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.45 | 15.40 | 1.65 | 5.00 | 0.33 | 0.54 | 3 | 13 | -0.29 | -0.35 | 398.37 | 375.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 0.91 | 1.09 | 0.32 | 1.00 | 0.32 | 0.36 | 3 | 11 | -0.30 | -0.03 | 43.76 | 41.00 | 8/28/2026 | No | 13 | 58 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.45 | 8.00 | 1.58 | 5.00 | 0.32 | 0.71 | 0 | 3 | -0.27 | -0.18 | 171.78 | 155.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.85 | 6.05 | 1.55 | 5.00 | 0.31 | 0.48 | 11 | 47 | -0.28 | -0.13 | 212.44 | 195.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| NVO | Novo Nordisk | Options Chain | 1.16 | 1.49 | 0.30 | 1.00 | 0.30 | 0.47 | 0 | 2 | -0.27 | -0.03 | 50.32 | 46.00 | 8/28/2026 | Yes | 13 | 52 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.85 | 1.15 | 0.30 | 1.00 | 0.30 | 0.52 | 2 | 1 | -0.29 | -0.02 | 30.51 | 28.00 | 8/28/2026 | Yes | 9 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 4.70 | 5.20 | 1.42 | 5.00 | 0.28 | 0.67 | 60 | 73 | -0.27 | -0.13 | 126.41 | 110.00 | 8/28/2026 | No | 12 | 70 | None | |
| GM | General Motors Company | Options Chain | 1.81 | 2.45 | 0.28 | 1.00 | 0.28 | 0.41 | 2 | 0 | -0.30 | -0.05 | 76.07 | 72.00 | 8/28/2026 | Yes | 9 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.33 | 0.38 | 0.14 | 0.50 | 0.28 | 0.42 | 52 | 15 | -0.28 | -0.01 | 14.23 | 13.00 | 8/28/2026 | Yes | 9 | 47 | None | |
| APA | APA Corporation | Options Chain | 0.89 | 1.22 | 0.27 | 1.00 | 0.27 | 0.51 | 0 | 4 | -0.27 | -0.02 | 35.22 | 32.00 | 8/28/2026 | Yes | 15 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.40 | 7.40 | 1.30 | 5.00 | 0.26 | 0.30 | 7 | 3 | -0.27 | -0.21 | 427.00 | 400.00 | 8/28/2026 | No | 11 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.49 | 1.74 | 0.26 | 1.00 | 0.26 | 0.28 | 8 | 25 | -0.30 | -0.04 | 88.07 | 83.00 | 8/28/2026 | No | 14 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.81 | 1.24 | 0.25 | 1.00 | 0.25 | 0.42 | 0 | 28 | -0.28 | -0.03 | 43.92 | 41.00 | 8/28/2026 | Yes | 7 | 51 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.56 | 3.25 | 0.25 | 1.00 | 0.25 | 0.31 | 1 | 74 | -0.29 | -0.06 | 147.36 | 141.00 | 8/28/2026 | Yes | 9 | 64 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.74 | 0.86 | 0.24 | 1.00 | 0.24 | 0.24 | 9 | 16 | -0.25 | -0.02 | 61.27 | 58.00 | 8/28/2026 | No | 9 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.50 | 0.12 | 0.50 | 0.24 | 0.35 | 23 | 1 | -0.26 | -0.01 | 21.81 | 20.50 | 8/28/2026 | Yes | 9 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.77 | 0.23 | 1.00 | 0.23 | 0.31 | 5 | 35 | -0.25 | -0.02 | 43.59 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.15 | 4.75 | 1.07 | 5.00 | 0.21 | 0.25 | 6 | 8 | -0.25 | -0.14 | 341.10 | 325.00 | 8/28/2026 | No | 10 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.80 | 2.53 | 0.21 | 1.00 | 0.21 | 0.49 | 2 | 0 | -0.29 | -0.05 | 58.38 | 54.00 | 8/28/2026 | Yes | 12 | 63 | None | |
| KO | Coca-Cola Company | Options Chain | 1.09 | 1.31 | 0.21 | 1.00 | 0.21 | 0.23 | 11 | 9 | -0.30 | -0.04 | 81.56 | 79.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| BAX | Baxter International Inc | Options Chain | 0.50 | 0.70 | 0.20 | 1.00 | 0.20 | 0.53 | 30 | 0 | -0.25 | -0.02 | 22.61 | 20.00 | 8/28/2026 | Yes | 8 | 37 | None | |
| CRM | Salesforce Inc | Options Chain | 4.80 | 5.95 | 0.93 | 5.00 | 0.19 | 0.48 | 0 | 1 | -0.30 | -0.13 | 170.34 | 160.00 | 8/28/2026 | No | 11 | 63 | None | |
| C | Citigroup Inc | Options Chain | 1.59 | 2.06 | 0.87 | 5.00 | 0.17 | 0.32 | 250 | 8 | -0.22 | -0.05 | 129.36 | 120.00 | 8/28/2026 | No | 17 | 78 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.77 | 2.29 | 0.17 | 1.00 | 0.17 | 0.30 | 1 | 0 | -0.30 | -0.04 | 101.56 | 97.00 | 8/28/2026 | Yes | 12 | 62 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.37 | 0.65 | 0.15 | 1.00 | 0.15 | 0.21 | 6 | 4 | -0.23 | -0.01 | 38.20 | 37.00 | 8/28/2026 | Yes | 9 | 59 | None |