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 | 8.85 | 9.20 | 1.95 | 5.00 | 0.39 | 0.79 | 215 | 881 | -0.30 | -0.15 | 129.17 | 125.00 | 9/18/2026 | Yes | 10 | 71 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.65 | 0.30 | 1.00 | 0.30 | 0.56 | 1 | 3 | -0.28 | -0.03 | 43.11 | 39.00 | 9/18/2026 | Yes | 13 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.30 | 12.80 | 2.97 | 10.00 | 0.30 | 0.48 | 89 | 47 | -0.26 | -0.27 | 403.31 | 370.00 | 9/18/2026 | No | 20 | 61 |
Dividend Stock List |
|
| BHP | BHP Group Ltd | Options Chain | 2.40 | 2.65 | 0.73 | 2.50 | 0.29 | 0.40 | 1 | 0 | -0.30 | -0.03 | 85.90 | 77.50 | 9/18/2026 | Yes | 11 | 24 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.28 | 1.33 | 0.70 | 2.50 | 0.28 | 0.38 | 42 | 97 | -0.30 | -0.02 | 41.72 | 40.00 | 9/18/2026 | No | 15 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.41 | 1.52 | 0.67 | 2.50 | 0.27 | 0.28 | 40 | 173 | -0.30 | -0.03 | 65.31 | 62.50 | 9/18/2026 | No | 14 | 68 | None | |
| AA | Alcoa Corp | Options Chain | 1.39 | 1.45 | 0.52 | 2.00 | 0.26 | 0.55 | 25 | 29 | -0.25 | -0.03 | 45.26 | 40.00 | 9/18/2026 | No | 18 | 52 | None | |
| TGT | Target Corp | Options Chain | 3.30 | 3.45 | 1.25 | 5.00 | 0.25 | 0.41 | 6 | 19 | -0.25 | -0.06 | 144.49 | 135.00 | 9/18/2026 | Yes | 12 | 70 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.85 | 3.50 | 1.23 | 5.00 | 0.25 | 0.32 | 82 | 177 | -0.26 | -0.06 | 169.64 | 145.00 | 9/18/2026 | No | 11 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 2.36 | 2.44 | 1.22 | 5.00 | 0.24 | 0.32 | 126 | 121 | -0.30 | -0.05 | 111.20 | 105.00 | 9/18/2026 | Yes | 10 | 59 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.15 | 4.30 | 1.17 | 5.00 | 0.23 | 0.56 | 368 | 64 | -0.27 | -0.10 | 147.61 | 130.00 | 9/18/2026 | No | 11 | 64 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.75 | 0.23 | 1.00 | 0.23 | 0.34 | 1 | 20 | -0.29 | -0.01 | 27.50 | 26.00 | 9/18/2026 | No | 15 | 53 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.90 | 2.10 | 1.12 | 5.00 | 0.22 | 0.47 | 34 | 14 | -0.23 | -0.05 | 76.16 | 70.00 | 9/18/2026 | Yes | 12 | 56 | None | |
| NVO | Novo Nordisk | Options Chain | 1.05 | 1.12 | 0.56 | 2.50 | 0.22 | 0.40 | 33 | 662 | -0.26 | -0.02 | 47.08 | 42.50 | 9/18/2026 | Yes | 17 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.39 | 1.46 | 0.55 | 2.50 | 0.22 | 0.26 | 27 | 73 | -0.29 | -0.03 | 85.46 | 82.50 | 9/18/2026 | No | 16 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.66 | 0.73 | 0.22 | 1.00 | 0.22 | 0.26 | 163 | 43 | -0.26 | -0.02 | 46.81 | 45.00 | 9/18/2026 | No | 9 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.00 | 0.22 | 1.00 | 0.22 | 0.31 | 1 | 1 | -0.28 | -0.02 | 43.33 | 42.00 | 9/18/2026 | No | 11 | 62 | None | |
| EXC | Exelon Corp | Options Chain | 0.15 | 0.95 | 0.20 | 1.00 | 0.20 | 0.23 | 0 | 1 | -0.22 | -0.01 | 45.15 | 43.00 | 9/18/2026 | Yes | 11 | 65 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.36 | 0.45 | 0.20 | 1.00 | 0.20 | 0.23 | 0 | 1 | -0.26 | -0.01 | 32.26 | 30.00 | 9/18/2026 | No | 10 | 60 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.20 | 1.00 | 0.20 | 0.40 | 0 | 2 | -0.27 | -0.01 | 21.49 | 19.00 | 9/18/2026 | Yes | 7 | 53 | None | |
| F | Ford Motor Company | Options Chain | 0.36 | 0.37 | 0.20 | 1.00 | 0.20 | 0.35 | 1542 | 40 | -0.29 | -0.01 | 14.68 | 14.00 | 9/18/2026 | No | 9 | 47 | None | |
| EQT | EQT Corp | Options Chain | 0.68 | 0.75 | 0.48 | 2.50 | 0.19 | 0.26 | 23 | 1 | -0.24 | -0.02 | 53.29 | 50.00 | 9/18/2026 | No | 15 | 69 | None | |
| KO | Coca-Cola Company | Options Chain | 0.94 | 1.01 | 0.45 | 2.50 | 0.18 | 0.23 | 129 | 105 | -0.22 | -0.03 | 87.65 | 82.50 | 9/18/2026 | No | 11 | 67 | None | |
| T | AT&T Inc | Options Chain | 0.34 | 0.36 | 0.17 | 1.00 | 0.17 | 0.29 | 96 | 59 | -0.24 | -0.01 | 23.28 | 22.00 | 9/18/2026 | No | 11 | 60 | None | |
| NTR | Nutrien Ltd | Options Chain | 0.95 | 1.25 | 0.42 | 2.50 | 0.17 | 0.33 | 1 | 0 | -0.22 | -0.04 | 70.72 | 62.50 | 9/18/2026 | Yes | 11 | 64 | None | |
| APA | APA Corporation | Options Chain | 0.65 | 0.79 | 0.38 | 2.50 | 0.15 | 0.49 | 40 | 0 | -0.20 | -0.02 | 37.32 | 32.50 | 9/18/2026 | Yes | 15 | 62 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.72 | 0.80 | 0.38 | 2.50 | 0.15 | 0.24 | 10 | 27 | -0.24 | -0.02 | 62.90 | 60.00 | 9/18/2026 | No | 15 | 74 | None |