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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LLY | Lilly(Eli) & Company | Options Chain | 37.50 | 43.00 | 4.00 | 10.00 | 0.40 | 0.41 | 20 | 27 | -0.30 | -0.65 | 1,127.69 | 1,130.00 | 8/21/2026 | Yes | 14 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 11.05 | 12.20 | 1.83 | 5.00 | 0.37 | 0.73 | 96 | 19 | -0.29 | -0.17 | 204.90 | 170.00 | 8/21/2026 | Yes | 14 | 73 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.28 | 2.43 | 0.36 | 1.00 | 0.36 | 0.69 | 39 | 159 | -0.28 | -0.04 | 43.71 | 39.00 | 8/21/2026 | No | 8 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 17.50 | 18.35 | 3.45 | 10.00 | 0.35 | 0.50 | 146 | 125 | -0.30 | -0.29 | 432.35 | 400.00 | 8/21/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| DELL | Dell Technologies Inc - Class C | Options Chain | 23.15 | 24.80 | 3.30 | 10.00 | 0.33 | 0.75 | 31 | 67 | -0.29 | -0.36 | 409.45 | 350.00 | 8/21/2026 | No | 14 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 15.00 | 15.95 | 3.30 | 10.00 | 0.33 | 0.49 | 249 | 420 | -0.30 | -0.25 | 365.02 | 340.00 | 8/21/2026 | No | 10 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 10.10 | 10.85 | 1.58 | 5.00 | 0.32 | 0.48 | 75 | 205 | -0.30 | -0.16 | 271.63 | 250.00 | 8/21/2026 | Yes | 10 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 6.25 | 6.85 | 1.57 | 5.00 | 0.31 | 0.56 | 352 | 485 | -0.29 | -0.10 | 152.46 | 135.00 | 8/21/2026 | No | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.45 | 12.00 | 1.55 | 5.00 | 0.31 | 0.41 | 771 | 550 | -0.28 | -0.20 | 352.83 | 345.00 | 8/21/2026 | Yes | 12 | 65 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.63 | 3.30 | 0.77 | 2.50 | 0.31 | 0.44 | 24 | 1586 | -0.28 | -0.05 | 92.57 | 85.00 | 8/21/2026 | Yes | 16 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.96 | 1.05 | 0.30 | 1.00 | 0.30 | 0.26 | 88 | 72 | -0.29 | -0.01 | 46.54 | 44.00 | 8/21/2026 | Yes | 12 | 73 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 4.20 | 4.50 | 1.43 | 5.00 | 0.29 | 0.47 | 105 | 170 | -0.30 | -0.07 | 113.77 | 105.00 | 8/21/2026 | Yes | 9 | 62 | None | |
| HPQ | HP Inc | Options Chain | 0.68 | 0.73 | 0.28 | 1.00 | 0.28 | 0.43 | 5 | 36 | -0.27 | -0.01 | 22.88 | 21.00 | 8/21/2026 | No | 12 | 38 | None | |
| BWA | BorgWarner Inc | Options Chain | 2.45 | 3.00 | 0.70 | 2.50 | 0.28 | 0.50 | 2 | 0 | -0.29 | -0.05 | 69.47 | 62.50 | 8/21/2026 | Yes | 11 | 57 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.60 | 2.80 | 1.37 | 5.00 | 0.27 | 0.48 | 36 | 37 | -0.27 | -0.05 | 77.82 | 70.00 | 8/21/2026 | Yes | 11 | 56 | None | |
| V | Visa Inc - Class A | Options Chain | 5.90 | 6.75 | 1.35 | 5.00 | 0.27 | 0.25 | 68 | 37 | -0.28 | -0.11 | 330.52 | 320.00 | 8/21/2026 | Yes | 10 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.05 | 1.45 | 0.27 | 1.00 | 0.27 | 0.35 | 3 | 0 | -0.28 | -0.02 | 46.35 | 44.00 | 8/21/2026 | Yes | 15 | 74 | None | |
| F | Ford Motor Company | Options Chain | 0.47 | 0.50 | 0.27 | 1.00 | 0.27 | 0.44 | 2322 | 532 | -0.29 | -0.01 | 14.11 | 13.00 | 8/21/2026 | Yes | 8 | 46 | None | |
| HD | Home Depot Inc | Options Chain | 7.25 | 7.95 | 1.32 | 5.00 | 0.26 | 0.30 | 31 | 39 | -0.28 | -0.14 | 345.00 | 330.00 | 8/21/2026 | Yes | 9 | 69 | None | |
| CLX | Clorox Company | Options Chain | 2.55 | 2.95 | 1.32 | 5.00 | 0.26 | 0.38 | 47 | 27 | -0.28 | -0.03 | 97.54 | 90.00 | 8/21/2026 | Yes | 11 | 47 | None | |
| CRM | Salesforce Inc | Options Chain | 4.45 | 4.80 | 1.30 | 5.00 | 0.26 | 0.43 | 503 | 758 | -0.26 | -0.09 | 151.00 | 145.00 | 8/21/2026 | No | 15 | 71 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 1.20 | 1.85 | 0.65 | 2.50 | 0.26 | 0.30 | 0 | 2 | -0.26 | -0.03 | 74.34 | 70.00 | 8/21/2026 | Yes | 12 | 69 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.95 | 2.30 | 0.65 | 2.50 | 0.26 | 0.38 | 20 | 32 | -0.27 | -0.04 | 81.23 | 75.00 | 8/21/2026 | Yes | 9 | 57 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.80 | 2.15 | 0.65 | 2.50 | 0.26 | 0.50 | 95 | 0 | -0.30 | -0.03 | 52.64 | 45.00 | 8/21/2026 | No | 15 | 65 | None | |
| KR | Kroger Company | Options Chain | 1.20 | 1.41 | 0.64 | 2.50 | 0.26 | 0.29 | 8 | 51 | -0.30 | -0.02 | 57.77 | 55.00 | 8/21/2026 | No | 10 | 50 | None | |
| WMT | Walmart Inc | Options Chain | 2.46 | 2.79 | 1.27 | 5.00 | 0.25 | 0.29 | 310 | 386 | -0.28 | -0.04 | 119.00 | 110.00 | 8/21/2026 | Yes | 12 | 57 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.20 | 1.45 | 0.63 | 2.50 | 0.25 | 0.57 | 12 | 8 | -0.24 | -0.03 | 39.15 | 35.00 | 8/21/2026 | Yes | 14 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.47 | 0.54 | 0.25 | 1.00 | 0.25 | 0.36 | 28 | 40 | -0.23 | -0.01 | 23.17 | 21.00 | 8/21/2026 | Yes | 16 | 69 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.65 | 1.95 | 0.25 | 1.00 | 0.25 | 0.55 | 0 | 7 | -0.27 | -0.03 | 45.45 | 41.00 | 8/21/2026 | Yes | 14 | 55 | None | |
| BCS | Barclays plc | Options Chain | 0.75 | 0.90 | 0.25 | 1.00 | 0.25 | 0.41 | 97 | 0 | -0.28 | -0.01 | 26.72 | 25.00 | 8/21/2026 | Yes | 15 | 52 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.65 | 5.45 | 2.45 | 10.00 | 0.25 | 0.27 | 147 | 253 | -0.26 | -0.08 | 241.00 | 240.00 | 8/21/2026 | Yes | 9 | 66 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.87 | 2.10 | 0.61 | 2.50 | 0.24 | 0.30 | 36 | 11 | -0.29 | -0.03 | 89.44 | 85.00 | 8/21/2026 | Yes | 16 | 69 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 1.35 | 1.45 | 0.60 | 2.50 | 0.24 | 0.26 | 0 | 2 | -0.28 | -0.02 | 77.33 | 72.50 | 8/21/2026 | Yes | 19 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.35 | 6.15 | 1.15 | 5.00 | 0.23 | 0.26 | 69 | 64 | -0.27 | -0.10 | 335.12 | 310.00 | 8/21/2026 | Yes | 12 | 77 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.11 | 2.19 | 1.10 | 5.00 | 0.22 | 0.56 | 106 | 157 | -0.24 | -0.04 | 62.80 | 55.00 | 8/21/2026 | Yes | 10 | 58 | None | |
| MO | Altria Group Inc | Options Chain | 1.22 | 1.30 | 0.54 | 2.50 | 0.22 | 0.25 | 43 | 13 | -0.28 | -0.03 | 73.21 | 70.00 | 8/21/2026 | Yes | 11 | 67 | None | |
| KO | Coca-Cola Company | Options Chain | 1.24 | 1.36 | 0.54 | 2.50 | 0.22 | 0.20 | 223 | 309 | -0.30 | -0.03 | 80.42 | 80.00 | 8/21/2026 | Yes | 12 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.44 | 1.76 | 0.53 | 2.50 | 0.21 | 0.31 | 580 | 149 | -0.24 | -0.03 | 83.86 | 77.50 | 8/21/2026 | Yes | 10 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 1.16 | 1.26 | 0.50 | 2.50 | 0.20 | 0.47 | 375 | 50 | -0.23 | -0.02 | 47.64 | 42.50 | 8/21/2026 | Yes | 17 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.97 | 1.04 | 0.49 | 2.50 | 0.20 | 0.26 | 716 | 447 | -0.26 | -0.02 | 57.88 | 55.00 | 8/21/2026 | Yes | 10 | 64 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.07 | 2.25 | 0.95 | 5.00 | 0.19 | 0.24 | 63 | 64 | -0.25 | -0.04 | 149.02 | 140.00 | 8/21/2026 | Yes | 10 | 65 | None | |
| C | Citigroup Inc | Options Chain | 2.45 | 2.64 | 0.89 | 5.00 | 0.18 | 0.33 | 194 | 185 | -0.23 | -0.05 | 145.27 | 130.00 | 8/21/2026 | Yes | 11 | 69 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.84 | 0.94 | 0.42 | 2.50 | 0.17 | 0.29 | 268 | 84 | -0.22 | -0.01 | 55.90 | 52.50 | 8/21/2026 | Yes | 15 | 61 | None | |
| YUMC | Yum China Holdings Inc | Options Chain | 0.35 | 1.35 | 0.40 | 2.50 | 0.16 | 0.35 | 19 | 0 | -0.23 | -0.02 | 40.85 | 37.50 | 8/21/2026 | Yes | 17 | 22 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.47 | 0.60 | 0.40 | 2.50 | 0.16 | 0.29 | 191 | 4 | -0.29 | -0.01 | 23.47 | 22.50 | 8/21/2026 | Yes | 8 | 58 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.75 | 1.60 | 0.78 | 5.00 | 0.16 | 0.42 | 1 | 0 | -0.20 | -0.02 | 56.56 | 50.00 | 8/21/2026 | Yes | 16 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.74 | 1.88 | 0.77 | 5.00 | 0.15 | 0.29 | 148 | 142 | -0.20 | -0.04 | 136.54 | 125.00 | 8/21/2026 | Yes | 11 | 71 | None |