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 | 7.95 | 10.40 | 1.25 | 2.50 | 0.50 | 0.67 | 1 | 18 | -0.29 | -0.19 | 186.22 | 172.50 | 6/26/2026 | Yes | 9 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 10.30 | 12.70 | 1.12 | 2.50 | 0.45 | 0.73 | 2 | 66 | -0.29 | -0.21 | 208.00 | 192.50 | 6/26/2026 | No | 14 | 71 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.05 | 1.67 | 0.44 | 1.00 | 0.44 | 0.53 | 2 | 2 | -0.28 | -0.03 | 39.41 | 36.00 | 6/26/2026 | No | 12 | 62 | None | |
| ACN | Accenture plc - Class A | Options Chain | 4.90 | 6.70 | 1.90 | 5.00 | 0.38 | 0.56 | 85 | 48 | -0.27 | -0.13 | 159.64 | 145.00 | 6/26/2026 | Yes | 17 | 68 | None | |
| GM | General Motors Company | Options Chain | 1.36 | 2.09 | 0.36 | 1.00 | 0.36 | 0.36 | 10 | 1 | -0.27 | -0.04 | 76.44 | 71.00 | 6/26/2026 | No | 11 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.77 | 2.82 | 0.36 | 1.00 | 0.36 | 0.52 | 15 | 0 | -0.28 | -0.06 | 66.03 | 62.00 | 6/26/2026 | No | 11 | 57 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.27 | 1.67 | 0.36 | 1.00 | 0.36 | 0.37 | 1 | 0 | -0.30 | -0.03 | 56.18 | 53.00 | 6/26/2026 | No | 7 | 50 | None | |
| CEG | Constellation Energy Corporation | Options Chain | 8.50 | 10.20 | 1.70 | 5.00 | 0.34 | 0.50 | 1 | 23 | -0.29 | -0.21 | 274.89 | 255.00 | 6/26/2026 | No | 11 | 70 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.02 | 1.50 | 0.33 | 1.00 | 0.33 | 0.39 | 10 | 1 | -0.30 | -0.02 | 46.90 | 44.00 | 6/26/2026 | No | 10 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 2.53 | 3.20 | 0.32 | 1.00 | 0.32 | 0.32 | 2 | 1 | -0.29 | -0.06 | 131.47 | 125.00 | 6/26/2026 | Yes | 8 | 58 | None | |
| DOW | Dow Inc | Options Chain | 1.08 | 1.61 | 0.32 | 1.00 | 0.32 | 0.50 | 448 | 56 | -0.30 | -0.03 | 39.50 | 36.00 | 6/26/2026 | No | 6 | 49 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.30 | 16.60 | 1.57 | 5.00 | 0.31 | 0.52 | 24 | 42 | -0.29 | -0.31 | 416.79 | 385.00 | 6/26/2026 | Yes | 9 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.25 | 13.15 | 1.57 | 5.00 | 0.31 | 0.43 | 17 | 40 | -0.30 | -0.27 | 399.80 | 375.00 | 6/26/2026 | No | 20 | 61 |
Dividend Stock List |
|
| DELL | Dell Technologies Inc - Class C | Options Chain | 10.80 | 13.55 | 1.53 | 5.00 | 0.31 | 0.71 | 27 | 16 | -0.28 | -0.25 | 238.91 | 220.00 | 6/26/2026 | Yes | 15 | 59 | None | |
| HD | Home Depot Inc | Options Chain | 6.40 | 7.80 | 1.52 | 5.00 | 0.30 | 0.35 | 2 | 12 | -0.29 | -0.13 | 310.46 | 285.00 | 6/26/2026 | Yes | 6 | 60 | None | |
| NVO | Novo Nordisk | Options Chain | 1.05 | 1.30 | 0.28 | 1.00 | 0.28 | 0.39 | 2 | 2 | -0.26 | -0.03 | 47.01 | 44.00 | 6/26/2026 | No | 13 | 54 | None | |
| GLW | Corning Inc | Options Chain | 11.00 | 13.30 | 0.70 | 2.50 | 0.28 | 0.76 | 2 | 33 | -0.30 | -0.22 | 198.24 | 187.50 | 6/26/2026 | No | 8 | 52 | None | |
| AA | Alcoa Corp | Options Chain | 2.53 | 2.86 | 0.27 | 1.00 | 0.27 | 0.55 | 1483 | 0 | -0.29 | -0.06 | 68.44 | 63.00 | 6/26/2026 | No | 12 | 53 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.25 | 8.80 | 1.28 | 5.00 | 0.26 | 0.31 | 9 | 12 | -0.28 | -0.17 | 396.00 | 380.00 | 6/26/2026 | No | 11 | 64 | None | |
| VST | Vistra Corp | Options Chain | 4.00 | 4.60 | 1.27 | 5.00 | 0.25 | 0.51 | 33 | 10 | -0.26 | -0.10 | 142.61 | 130.00 | 6/26/2026 | Yes | 9 | 63 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.56 | 0.25 | 1.00 | 0.25 | 0.27 | 21 | 0 | -0.23 | -0.01 | 32.45 | 31.00 | 6/26/2026 | No | 9 | 60 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.80 | 0.96 | 0.24 | 1.00 | 0.24 | 0.30 | 119 | 3 | -0.27 | -0.02 | 49.84 | 47.00 | 6/26/2026 | No | 10 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.24 | 0.55 | 0.23 | 1.00 | 0.23 | 0.35 | 11 | 6 | -0.20 | -0.01 | 24.94 | 23.00 | 6/26/2026 | No | 15 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 4.90 | 1.11 | 5.00 | 0.22 | 0.27 | 33 | 14 | -0.26 | -0.14 | 304.88 | 285.00 | 6/26/2026 | No | 10 | 70 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.77 | 0.22 | 1.00 | 0.22 | 0.22 | 0 | 202 | -0.27 | -0.01 | 38.16 | 37.00 | 6/26/2026 | No | 12 | 68 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.77 | 3.90 | 1.09 | 5.00 | 0.22 | 0.24 | 1 | 0 | -0.29 | -0.07 | 224.26 | 220.00 | 6/26/2026 | No | 9 | 66 | None | |
| COST | Costco Wholesale Corp | Options Chain | 17.10 | 20.95 | 1.08 | 5.00 | 0.22 | 0.27 | 3 | 0 | -0.29 | -0.43 | 1,033.08 | 990.00 | 6/26/2026 | Yes | 15 | 60 | None | |
| MO | Altria Group Inc | Options Chain | 1.03 | 1.58 | 0.20 | 1.00 | 0.20 | 0.26 | 1 | 1 | -0.29 | -0.02 | 71.54 | 68.00 | 6/26/2026 | No | 12 | 68 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.62 | 2.68 | 0.86 | 5.00 | 0.17 | 0.31 | 7 | 5 | -0.22 | -0.05 | 151.57 | 140.00 | 6/26/2026 | No | 10 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.06 | 0.50 | 0.08 | 0.50 | 0.16 | 0.38 | 127 | 113 | -0.24 | -0.01 | 11.99 | 12.50 | 6/26/2026 | No | 9 | 50 | None | |
| KO | Coca-Cola Company | Options Chain | 0.72 | 1.03 | 0.15 | 1.00 | 0.15 | 0.20 | 107 | 1 | -0.27 | -0.02 | 80.03 | 77.00 | 6/26/2026 | No | 12 | 70 | None |