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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KGC | Kinross Gold Corp | Options Chain | 0.67 | 0.94 | 0.24 | 0.50 | 0.48 | 0.54 | 1 | 0 | -0.28 | -0.02 | 24.24 | 22.50 | 8/28/2026 | Yes | 14 | 53 | None | |
| MO | Altria Group Inc | Options Chain | 1.07 | 1.52 | 0.43 | 1.00 | 0.43 | 0.30 | 1 | 0 | -0.28 | -0.04 | 73.35 | 69.00 | 8/28/2026 | Yes | 12 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.72 | 1.41 | 0.43 | 1.00 | 0.43 | 0.52 | 22 | 0 | -0.29 | -0.02 | 30.47 | 29.00 | 8/28/2026 | Yes | 6 | 53 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.19 | 2.74 | 0.37 | 1.00 | 0.37 | 0.26 | 0 | 6 | -0.30 | -0.06 | 149.13 | 143.00 | 8/28/2026 | Yes | 10 | 65 | None | |
| GLW | Corning Inc | Options Chain | 8.35 | 9.60 | 1.80 | 5.00 | 0.36 | 0.94 | 27 | 23 | -0.27 | -0.22 | 154.06 | 135.00 | 8/28/2026 | Yes | 8 | 52 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.05 | 10.95 | 1.70 | 5.00 | 0.34 | 0.44 | 38 | 47 | -0.29 | -0.25 | 396.15 | 365.00 | 8/28/2026 | Yes | 15 | 72 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.90 | 1.19 | 0.33 | 1.00 | 0.33 | 0.34 | 3 | 1 | -0.26 | -0.04 | 61.00 | 57.00 | 8/28/2026 | Yes | 15 | 61 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.15 | 15.20 | 1.65 | 5.00 | 0.33 | 0.54 | 13 | 12 | -0.30 | -0.34 | 384.42 | 370.00 | 8/28/2026 | No | 10 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.05 | 6.40 | 1.60 | 5.00 | 0.32 | 0.49 | 359 | 38 | -0.28 | -0.13 | 205.77 | 190.00 | 8/28/2026 | Yes | 14 | 73 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 24.50 | 27.50 | 1.60 | 5.00 | 0.32 | 0.84 | 53 | 4 | -0.30 | -0.60 | 404.15 | 400.00 | 8/28/2026 | Yes | 14 | 57 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.35 | 5.00 | 1.58 | 5.00 | 0.32 | 0.26 | 36 | 5 | -0.29 | -0.10 | 255.63 | 245.00 | 8/28/2026 | No | 8 | 66 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.29 | 2.61 | 0.31 | 1.00 | 0.31 | 0.75 | 7 | 9 | -0.29 | -0.06 | 48.13 | 44.00 | 8/28/2026 | No | 8 | 51 | None | |
| COP | Conoco Phillips | Options Chain | 2.15 | 3.05 | 0.31 | 1.00 | 0.31 | 0.34 | 5 | 0 | -0.30 | -0.06 | 117.50 | 113.00 | 8/28/2026 | Yes | 9 | 77 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.00 | 9.50 | 1.50 | 5.00 | 0.30 | 0.71 | 1 | 0 | -0.29 | -0.20 | 175.63 | 160.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| APA | APA Corporation | Options Chain | 0.83 | 1.08 | 0.30 | 1.00 | 0.30 | 0.50 | 11 | 2 | -0.25 | -0.03 | 35.77 | 33.00 | 8/28/2026 | Yes | 10 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.36 | 0.45 | 0.15 | 0.50 | 0.30 | 0.42 | 11 | 4 | -0.29 | -0.01 | 14.26 | 13.50 | 8/28/2026 | Yes | 8 | 47 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.00 | 14.35 | 1.45 | 5.00 | 0.29 | 0.53 | 314 | 35 | -0.28 | -0.36 | 421.21 | 390.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| COST | Costco Wholesale Corp | Options Chain | 10.60 | 15.20 | 1.45 | 5.00 | 0.29 | 0.23 | 5 | 0 | -0.29 | -0.35 | 929.22 | 895.00 | 8/28/2026 | No | 14 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.85 | 1.43 | 5.00 | 0.29 | 0.67 | 53 | 69 | -0.29 | -0.14 | 125.84 | 115.00 | 8/28/2026 | No | 7 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 1.40 | 1.58 | 0.28 | 1.00 | 0.28 | 0.58 | 9 | 0 | -0.26 | -0.04 | 44.41 | 42.00 | 8/28/2026 | No | 17 | 52 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.75 | 1.10 | 0.28 | 1.00 | 0.28 | 0.53 | 2 | 7 | -0.27 | -0.02 | 29.36 | 27.00 | 8/28/2026 | Yes | 7 | 47 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.88 | 1.08 | 0.28 | 1.00 | 0.28 | 0.37 | 71 | 38 | -0.29 | -0.03 | 42.21 | 40.00 | 8/28/2026 | No | 14 | 58 | None | |
| GM | General Motors Company | Options Chain | 1.49 | 2.10 | 0.28 | 1.00 | 0.28 | 0.36 | 5 | 0 | -0.29 | -0.05 | 82.13 | 78.00 | 8/28/2026 | Yes | 8 | 60 | None | |
| EQT | EQT Corp | Options Chain | 0.74 | 0.89 | 0.26 | 1.00 | 0.26 | 0.30 | 0 | 43 | -0.25 | -0.02 | 50.47 | 51.00 | 8/28/2026 | Yes | 17 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 5.40 | 1.28 | 5.00 | 0.26 | 0.25 | 39 | 43 | -0.28 | -0.17 | 345.25 | 335.00 | 8/28/2026 | No | 9 | 69 | None | |
| DHR | Danaher Corp | Options Chain | 3.20 | 4.40 | 1.27 | 5.00 | 0.25 | 0.35 | 1 | 3 | -0.28 | -0.11 | 179.01 | 170.00 | 8/28/2026 | No | 11 | 60 | None | |
| RTX | RTX Corp | Options Chain | 3.30 | 4.45 | 1.27 | 5.00 | 0.25 | 0.32 | 0 | 3 | -0.29 | -0.09 | 194.88 | 185.00 | 8/28/2026 | Yes | 13 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 3.40 | 4.85 | 1.23 | 5.00 | 0.25 | 0.48 | 32 | 25 | -0.26 | -0.13 | 170.06 | 150.00 | 8/28/2026 | No | 15 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 0.87 | 1.12 | 0.23 | 1.00 | 0.23 | 0.23 | 2 | 23 | -0.26 | -0.04 | 82.20 | 79.00 | 8/28/2026 | Yes | 9 | 63 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.45 | 0.63 | 0.23 | 1.00 | 0.23 | 0.27 | 2 | 0 | -0.28 | -0.01 | 32.49 | 31.00 | 8/28/2026 | Yes | 8 | 59 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.15 | 7.05 | 1.15 | 5.00 | 0.23 | 0.29 | 3 | 3 | -0.26 | -0.22 | 436.25 | 410.00 | 8/28/2026 | No | 12 | 63 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.00 | 3.70 | 1.12 | 5.00 | 0.22 | 0.27 | 12 | 7 | -0.24 | -0.11 | 263.57 | 250.00 | 8/28/2026 | Yes | 9 | 60 | None | |
| PM | Philip Morris International Inc | Options Chain | 2.90 | 3.90 | 1.10 | 5.00 | 0.22 | 0.31 | 2 | 1 | -0.27 | -0.11 | 194.30 | 185.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.33 | 0.47 | 0.11 | 0.50 | 0.22 | 0.30 | 20 | 68 | -0.28 | -0.01 | 22.33 | 22.00 | 8/28/2026 | Yes | 9 | 61 | None | |
| MMM | 3M Company | Options Chain | 1.79 | 2.76 | 1.09 | 5.00 | 0.22 | 0.30 | 0 | 8 | -0.23 | -0.07 | 170.76 | 160.00 | 8/28/2026 | Yes | 8 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.31 | 0.68 | 0.21 | 1.00 | 0.21 | 0.44 | 24 | 31 | -0.23 | -0.02 | 23.81 | 22.00 | 8/28/2026 | Yes | 12 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.58 | 0.80 | 0.21 | 1.00 | 0.21 | 0.30 | 38 | 38 | -0.26 | -0.02 | 44.29 | 42.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.68 | 0.80 | 0.20 | 1.00 | 0.20 | 0.24 | 1 | 12 | -0.25 | -0.03 | 61.25 | 59.00 | 8/28/2026 | No | 12 | 74 | None | |
| UL | Unilever plc | Options Chain | 0.40 | 1.15 | 0.18 | 1.00 | 0.18 | 0.27 | 4 | 1 | -0.27 | -0.03 | 60.96 | 58.00 | 8/28/2026 | No | 9 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 1.30 | 1.50 | 0.18 | 1.00 | 0.18 | 0.46 | 16 | 14 | -0.30 | -0.03 | 49.35 | 45.00 | 8/28/2026 | Yes | 13 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 1.66 | 2.01 | 0.15 | 1.00 | 0.15 | 0.30 | 18 | 1 | -0.29 | -0.05 | 109.90 | 104.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.15 | 2.70 | 0.15 | 1.00 | 0.15 | 0.31 | 0 | 4 | -0.29 | -0.06 | 132.99 | 126.00 | 8/28/2026 | No | 17 | 78 | None |