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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOW | Dow Inc | Options Chain | 0.97 | 1.41 | 0.41 | 1.00 | 0.41 | 0.51 | 10 | 0 | -0.27 | -0.02 | 39.43 | 36.00 | 6/26/2026 | No | 6 | 49 | None | |
| F | Ford Motor Company | Options Chain | 0.09 | 0.48 | 0.20 | 0.50 | 0.40 | 0.34 | 1 | 20 | -0.20 | 0.00 | 11.99 | 11.00 | 6/26/2026 | No | 9 | 50 | None | |
| QCOM | Qualcomm Inc | Options Chain | 8.55 | 11.35 | 0.95 | 2.50 | 0.38 | 0.71 | 0 | 1 | -0.29 | -0.21 | 208.00 | 187.50 | 6/26/2026 | No | 14 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.80 | 7.25 | 1.65 | 5.00 | 0.33 | 0.31 | 5 | 6 | -0.29 | -0.17 | 396.00 | 375.00 | 6/26/2026 | No | 11 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 7.40 | 8.80 | 0.77 | 2.50 | 0.31 | 0.64 | 4 | 0 | -0.29 | -0.18 | 186.83 | 170.00 | 6/26/2026 | Yes | 9 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.60 | 11.10 | 1.52 | 5.00 | 0.30 | 0.42 | 3 | 11 | -0.28 | -0.22 | 397.28 | 365.00 | 6/26/2026 | No | 20 | 61 |
Dividend Stock List |
|
| EQNR | Equinor ASA | Options Chain | 1.00 | 1.20 | 0.27 | 1.00 | 0.27 | 0.40 | 0 | 100 | -0.29 | -0.02 | 38.77 | 36.00 | 6/18/2026 | No | 10 | 58 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.60 | 0.25 | 1.00 | 0.25 | 0.41 | 2734 | 0 | -0.25 | -0.01 | 22.73 | 21.00 | 6/18/2026 | No | 15 | 61 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.40 | 0.63 | 0.25 | 1.00 | 0.25 | 0.25 | 1 | 0 | -0.27 | -0.01 | 32.45 | 31.00 | 6/26/2026 | No | 11 | 67 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.10 | 2.55 | 1.15 | 5.00 | 0.23 | 0.36 | 35 | 181 | -0.27 | -0.06 | 109.47 | 105.00 | 6/18/2026 | No | 8 | 64 | None | |
| INFY | Infosys Ltd | Options Chain | 0.30 | 0.50 | 0.22 | 1.00 | 0.22 | 0.44 | 12 | 1 | -0.30 | 0.00 | 12.05 | 11.00 | 6/18/2026 | No | 13 | 43 | None | |
| NVO | Novo Nordisk | Options Chain | 0.84 | 1.32 | 0.21 | 1.00 | 0.21 | 0.37 | 2 | 2 | -0.28 | -0.03 | 47.01 | 44.00 | 6/26/2026 | No | 13 | 54 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.40 | 0.20 | 1.00 | 0.20 | 0.30 | 5 | 0 | -0.29 | -0.01 | 15.84 | 15.00 | 6/18/2026 | No | 9 | 58 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.40 | 0.18 | 1.00 | 0.18 | 0.29 | 10 | 5 | -0.27 | -0.01 | 21.14 | 20.00 | 6/18/2026 | No | 10 | 59 | None | |
| GIS | General Mills Inc | Options Chain | 0.60 | 0.70 | 0.42 | 2.50 | 0.17 | 0.29 | 8 | 6 | -0.28 | -0.02 | 34.13 | 32.50 | 6/18/2026 | No | 11 | 61 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.70 | 0.90 | 0.15 | 1.00 | 0.15 | 0.31 | 0 | 2 | -0.27 | -0.02 | 48.63 | 46.00 | 6/18/2026 | No | 10 | 68 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.13 | 0.77 | 0.15 | 1.00 | 0.15 | 0.21 | 0 | 1 | -0.28 | -0.01 | 38.30 | 37.00 | 6/26/2026 | No | 9 | 59 | None |