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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 8.65 | 8.90 | 1.93 | 5.00 | 0.39 | 0.77 | 159 | 1072 | -0.30 | -0.13 | 117.74 | 115.00 | 9/18/2026 | Yes | 7 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.65 | 14.90 | 3.05 | 10.00 | 0.30 | 0.49 | 483 | 162 | -0.30 | -0.27 | 392.31 | 370.00 | 9/18/2026 | No | 20 | 61 |
Dividend Stock List |
|
| EXC | Exelon Corp | Options Chain | 0.85 | 1.05 | 0.30 | 1.00 | 0.30 | 0.26 | 1 | 0 | -0.26 | -0.02 | 47.03 | 44.00 | 9/18/2026 | Yes | 11 | 65 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.80 | 0.30 | 1.00 | 0.30 | 0.34 | 2 | 0 | -0.30 | -0.01 | 26.05 | 26.00 | 9/18/2026 | No | 15 | 53 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.50 | 2.70 | 0.72 | 2.50 | 0.29 | 0.34 | 15 | 1 | -0.27 | -0.03 | 93.71 | 90.00 | 9/18/2026 | No | 10 | 71 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.40 | 5.60 | 1.40 | 5.00 | 0.28 | 0.57 | 251 | 89 | -0.27 | -0.10 | 148.40 | 135.00 | 9/18/2026 | Yes | 11 | 64 | None | |
| GIS | General Mills Inc | Options Chain | 1.15 | 1.25 | 0.70 | 2.50 | 0.28 | 0.37 | 75 | 21 | -0.29 | -0.03 | 37.92 | 35.00 | 9/18/2026 | Yes | 5 | 53 | None | |
| EQNR | Equinor ASA | Options Chain | 0.85 | 1.25 | 0.27 | 1.00 | 0.27 | 0.40 | 0 | 1 | -0.26 | -0.02 | 40.80 | 37.00 | 9/18/2026 | No | 13 | 59 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.52 | 0.59 | 0.25 | 1.00 | 0.25 | 0.23 | 25 | 1 | -0.25 | -0.01 | 31.85 | 30.00 | 9/18/2026 | No | 10 | 59 | None | |
| ING | ING Groep N.V. | Options Chain | 0.65 | 0.80 | 0.25 | 1.00 | 0.25 | 0.27 | 0 | 1 | -0.30 | -0.01 | 32.51 | 33.00 | 9/18/2026 | Yes | 9 | 54 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.78 | 0.82 | 0.24 | 1.00 | 0.24 | 0.26 | 200 | 214 | -0.28 | -0.02 | 48.07 | 44.00 | 9/18/2026 | No | 8 | 64 | None | |
| MO | Altria Group Inc | Options Chain | 1.24 | 1.31 | 0.58 | 2.50 | 0.23 | 0.27 | 250 | 15044 | -0.29 | -0.02 | 74.94 | 65.00 | 9/18/2026 | Yes | 8 | 58 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.04 | 1.15 | 0.55 | 2.50 | 0.22 | 0.30 | 38 | 14 | -0.24 | -0.03 | 63.10 | 60.00 | 9/18/2026 | Yes | 11 | 60 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.05 | 2.25 | 0.55 | 2.50 | 0.22 | 0.41 | 1 | 100 | -0.25 | -0.03 | 83.46 | 77.50 | 9/18/2026 | Yes | 9 | 57 | None | |
| INFY | Infosys Ltd | Options Chain | 0.50 | 0.60 | 0.22 | 1.00 | 0.22 | 0.55 | 1 | 6 | -0.30 | -0.01 | 12.32 | 11.00 | 9/18/2026 | No | 16 | 54 | None | |
| APA | APA Corporation | Options Chain | 0.99 | 1.04 | 0.54 | 2.50 | 0.22 | 0.46 | 1 | 1 | -0.25 | -0.02 | 36.70 | 32.50 | 9/18/2026 | Yes | 10 | 53 | None | |
| WMT | Walmart Inc | Options Chain | 2.04 | 2.15 | 1.07 | 5.00 | 0.21 | 0.30 | 58 | 120 | -0.26 | -0.04 | 114.35 | 105.00 | 9/18/2026 | Yes | 10 | 59 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.05 | 2.45 | 1.07 | 5.00 | 0.21 | 0.45 | 12 | 21 | -0.27 | -0.05 | 78.90 | 70.00 | 9/18/2026 | Yes | 15 | 65 | None | |
| USB | U.S. Bancorp. | Options Chain | 1.01 | 1.13 | 0.53 | 2.50 | 0.21 | 0.25 | 5 | 114 | -0.28 | -0.03 | 64.06 | 60.00 | 9/18/2026 | No | 13 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.35 | 4.70 | 0.98 | 5.00 | 0.20 | 0.23 | 26 | 109 | -0.26 | -0.12 | 344.71 | 330.00 | 9/18/2026 | No | 9 | 71 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.42 | 0.19 | 1.00 | 0.19 | 0.28 | 83 | 17 | -0.26 | -0.01 | 24.66 | 22.00 | 9/18/2026 | No | 10 | 59 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.60 | 1.69 | 0.92 | 5.00 | 0.18 | 0.54 | 114 | 441 | -0.21 | -0.04 | 60.50 | 55.00 | 9/18/2026 | No | 10 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.80 | 0.18 | 1.00 | 0.18 | 0.31 | 0 | 2 | -0.25 | -0.01 | 42.95 | 40.00 | 9/18/2026 | No | 15 | 77 | None | |
| NVO | Novo Nordisk | Options Chain | 0.89 | 0.94 | 0.44 | 2.50 | 0.18 | 0.42 | 86 | 2 | -0.20 | -0.02 | 51.58 | 45.00 | 9/18/2026 | Yes | 13 | 52 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.75 | 0.79 | 0.44 | 2.50 | 0.18 | 0.39 | 39 | 15 | -0.22 | -0.02 | 43.22 | 37.50 | 9/18/2026 | No | 14 | 59 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 0.98 | 0.42 | 2.50 | 0.17 | 0.22 | 51 | 69 | -0.22 | -0.02 | 89.08 | 82.50 | 9/18/2026 | No | 11 | 69 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.25 | 3.55 | 1.67 | 10.00 | 0.17 | 0.26 | 31 | 18 | -0.23 | -0.08 | 261.20 | 240.00 | 9/18/2026 | No | 9 | 66 | None | |
| TRV | Travelers Companies Inc | Options Chain | 4.30 | 5.40 | 1.60 | 10.00 | 0.16 | 0.26 | 17 | 10 | -0.24 | -0.12 | 397.22 | 350.00 | 9/18/2026 | No | 17 | 74 | None | |
| ROL | Rollins Inc | Options Chain | 0.65 | 0.80 | 0.40 | 2.50 | 0.16 | 0.30 | 4 | 4 | -0.28 | -0.01 | 38.75 | 35.00 | 9/18/2026 | No | 10 | 61 | None | |
| C | Citigroup Inc | Options Chain | 1.98 | 2.06 | 0.79 | 5.00 | 0.16 | 0.33 | 85 | 279 | -0.22 | -0.05 | 127.58 | 120.00 | 9/18/2026 | No | 17 | 78 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.00 | 1.30 | 0.75 | 5.00 | 0.15 | 0.38 | 1 | 0 | -0.23 | -0.03 | 61.05 | 55.00 | 9/18/2026 | No | 14 | 73 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.00 | 1.25 | 0.75 | 5.00 | 0.15 | 0.31 | 3 | 16 | -0.24 | -0.02 | 70.28 | 65.00 | 9/18/2026 | Yes | 11 | 68 | None |