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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines Inc | Options Chain | 2.08 | 2.94 | 0.56 | 1.00 | 0.56 | 0.44 | 2 | 0 | -0.30 | -0.06 | 79.43 | 75.00 | 10/30/2026 | Yes | 14 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.81 | 2.69 | 0.49 | 1.00 | 0.49 | 0.48 | 0 | 1 | -0.29 | -0.05 | 70.84 | 66.00 | 10/30/2026 | Yes | 10 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.13 | 5.05 | 1.14 | 2.50 | 0.46 | 0.32 | 3 | 3 | -0.29 | -0.07 | 163.54 | 155.00 | 10/30/2026 | Yes | 11 | 66 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.20 | 2.59 | 0.44 | 1.00 | 0.44 | 0.60 | 62 | 0 | -0.28 | -0.05 | 61.10 | 55.00 | 10/30/2026 | No | 9 | 54 | None | |
| AA | Alcoa Corp | Options Chain | 1.28 | 1.61 | 0.43 | 1.00 | 0.43 | 0.53 | 2 | 36 | -0.26 | -0.04 | 47.10 | 41.00 | 10/30/2026 | Yes | 16 | 49 | None | |
| C | Citigroup Inc | Options Chain | 2.45 | 3.30 | 0.37 | 1.00 | 0.37 | 0.32 | 4 | 61 | -0.29 | -0.07 | 132.70 | 126.00 | 10/30/2026 | Yes | 14 | 69 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.85 | 1.44 | 0.35 | 1.00 | 0.35 | 0.36 | 7 | 6 | -0.28 | -0.03 | 49.01 | 46.00 | 10/30/2026 | No | 13 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.12 | 1.48 | 0.33 | 1.00 | 0.33 | 0.34 | 0 | 2 | -0.29 | -0.03 | 59.29 | 56.00 | 10/30/2026 | No | 10 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.45 | 0.33 | 1.00 | 0.33 | 0.51 | 6 | 9 | -0.30 | -0.11 | 150.25 | 137.00 | 10/30/2026 | No | 11 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.35 | 11.15 | 1.65 | 5.00 | 0.33 | 0.34 | 11 | 26 | -0.30 | -0.24 | 434.67 | 415.00 | 10/30/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| IBM | International Business Machines Corp | Options Chain | 6.05 | 6.95 | 1.60 | 5.00 | 0.32 | 0.43 | 23 | 42 | -0.28 | -0.15 | 237.78 | 215.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.22 | 0.74 | 0.16 | 0.50 | 0.32 | 0.29 | 15 | 7 | -0.29 | -0.01 | 24.96 | 23.50 | 10/30/2026 | No | 7 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.05 | 5.75 | 1.54 | 5.00 | 0.31 | 0.45 | 54 | 246 | -0.27 | -0.13 | 188.71 | 165.00 | 10/30/2026 | No | 10 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 6.15 | 7.15 | 1.52 | 5.00 | 0.30 | 0.40 | 12 | 72 | -0.30 | -0.15 | 243.50 | 225.00 | 10/30/2026 | No | 14 | 70 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.70 | 11.00 | 1.50 | 5.00 | 0.30 | 0.32 | 252 | 39 | -0.29 | -0.26 | 496.90 | 470.00 | 10/30/2026 | No | 14 | 72 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.84 | 2.72 | 0.30 | 1.00 | 0.30 | 0.31 | 5 | 2 | -0.29 | -0.05 | 110.02 | 105.00 | 10/30/2026 | No | 10 | 67 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 1.65 | 2.40 | 0.30 | 1.00 | 0.30 | 0.38 | 0 | 1 | -0.30 | -0.04 | 79.59 | 72.00 | 10/30/2026 | No | 13 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.70 | 0.96 | 0.29 | 1.00 | 0.29 | 0.43 | 4 | 18 | -0.29 | -0.02 | 29.46 | 27.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 6.00 | 1.40 | 5.00 | 0.28 | 0.27 | 6 | 19 | -0.26 | -0.11 | 349.30 | 330.00 | 10/30/2026 | Yes | 11 | 80 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.80 | 5.25 | 1.40 | 5.00 | 0.28 | 0.27 | 10 | 5 | -0.27 | -0.13 | 271.00 | 260.00 | 10/30/2026 | Yes | 11 | 71 | None | |
| GLW | Corning Inc | Options Chain | 5.10 | 6.10 | 1.37 | 5.00 | 0.27 | 0.61 | 15 | 123 | -0.27 | -0.13 | 148.35 | 135.00 | 10/30/2026 | Yes | 8 | 52 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.80 | 9.30 | 1.35 | 5.00 | 0.27 | 0.36 | 4 | 14 | -0.28 | -0.22 | 376.90 | 355.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.58 | 0.27 | 1.00 | 0.27 | 0.34 | 66 | 2 | -0.23 | -0.01 | 23.02 | 21.00 | 10/30/2026 | Yes | 11 | 60 | None | |
| GM | General Motors Company | Options Chain | 1.97 | 2.50 | 0.27 | 1.00 | 0.27 | 0.38 | 2 | 8 | -0.30 | -0.05 | 86.60 | 78.00 | 10/30/2026 | Yes | 9 | 59 | None | |
| CVX | Chevron Corp | Options Chain | 3.15 | 4.50 | 1.34 | 5.00 | 0.27 | 0.28 | 19 | 15 | -0.29 | -0.09 | 212.02 | 200.00 | 10/30/2026 | Yes | 13 | 76 | None | |
| VST | Vistra Corp | Options Chain | 2.80 | 3.60 | 1.32 | 5.00 | 0.26 | 0.42 | 116 | 22 | -0.25 | -0.09 | 140.67 | 130.00 | 10/30/2026 | No | 7 | 61 | None | |
| EQT | EQT Corp | Options Chain | 0.62 | 0.90 | 0.26 | 1.00 | 0.26 | 0.30 | 4 | 0 | -0.25 | -0.02 | 50.47 | 47.00 | 10/30/2026 | Yes | 10 | 60 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.89 | 3.65 | 1.29 | 5.00 | 0.26 | 0.22 | 25 | 20 | -0.27 | -0.10 | 249.15 | 240.00 | 10/30/2026 | No | 12 | 67 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.60 | 2.47 | 0.25 | 1.00 | 0.25 | 0.23 | 0 | 36 | -0.29 | -0.06 | 133.66 | 126.00 | 10/30/2026 | Yes | 9 | 55 | None | |
| NVO | Novo Nordisk | Options Chain | 0.89 | 1.26 | 0.25 | 1.00 | 0.25 | 0.37 | 26 | 8 | -0.29 | -0.03 | 43.44 | 41.00 | 10/30/2026 | No | 14 | 57 | None | |
| KO | Coca-Cola Company | Options Chain | 0.86 | 1.16 | 0.24 | 1.00 | 0.24 | 0.20 | 17 | 5 | -0.27 | -0.03 | 88.01 | 85.00 | 10/30/2026 | Yes | 11 | 67 | None | |
| CVS | CVS Health Corp | Options Chain | 1.35 | 2.05 | 0.24 | 1.00 | 0.24 | 0.31 | 3 | 8 | -0.29 | -0.04 | 90.37 | 84.00 | 10/30/2026 | No | 13 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.37 | 0.12 | 0.50 | 0.24 | 0.37 | 294 | 160 | -0.30 | -0.01 | 13.62 | 12.50 | 10/30/2026 | Yes | 9 | 48 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 0.90 | 0.23 | 1.00 | 0.23 | 0.26 | 14 | 114 | -0.25 | -0.03 | 58.21 | 55.00 | 10/30/2026 | Yes | 13 | 74 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.75 | 1.00 | 0.22 | 1.00 | 0.22 | 0.42 | 31 | 171 | -0.27 | -0.02 | 36.39 | 33.00 | 10/30/2026 | Yes | 14 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.37 | 0.52 | 0.11 | 0.50 | 0.22 | 0.28 | 23 | 2 | -0.28 | -0.01 | 25.39 | 24.00 | 10/30/2026 | Yes | 11 | 58 | None | |
| AVGO | Broadcom Inc | Options Chain | 6.40 | 8.30 | 1.05 | 5.00 | 0.21 | 0.36 | 36 | 87 | -0.27 | -0.19 | 348.04 | 335.00 | 10/30/2026 | No | 10 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 0.98 | 1.66 | 0.21 | 1.00 | 0.21 | 0.20 | 1 | 2 | -0.27 | -0.05 | 106.73 | 103.00 | 10/30/2026 | No | 9 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.76 | 1.10 | 0.21 | 1.00 | 0.21 | 0.25 | 96 | 22 | -0.29 | -0.01 | 48.09 | 46.00 | 10/30/2026 | No | 8 | 64 | None | |
| APA | APA Corporation | Options Chain | 0.84 | 1.31 | 0.18 | 1.00 | 0.18 | 0.44 | 0 | 3 | -0.25 | -0.03 | 45.58 | 41.00 | 10/30/2026 | No | 10 | 63 | None | |
| HPQ | HP Inc | Options Chain | 0.95 | 1.34 | 0.09 | 0.50 | 0.18 | 0.48 | 1 | 14 | -0.30 | -0.02 | 34.64 | 32.00 | 10/30/2026 | No | 10 | 46 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.31 | 0.45 | 0.17 | 1.00 | 0.17 | 0.26 | 6 | 2 | -0.22 | -0.01 | 31.26 | 30.00 | 10/30/2026 | Yes | 11 | 67 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.00 | 3.00 | 0.82 | 5.00 | 0.16 | 0.33 | 15 | 438 | -0.23 | -0.09 | 166.45 | 155.00 | 10/30/2026 | Yes | 12 | 75 | None | |
| TJX | TJX Companies Inc | Options Chain | 0.95 | 1.50 | 0.75 | 5.00 | 0.15 | 0.25 | 17 | 2 | -0.19 | -0.05 | 126.55 | 120.00 | 10/30/2026 | No | 15 | 63 | None |