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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 1.95 | 2.45 | 0.42 | 1.00 | 0.42 | 0.62 | 1 | 10 | -0.29 | -0.05 | 50.18 | 47.00 | 10/30/2026 | Yes | 12 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 5.60 | 0.42 | 1.00 | 0.42 | 0.52 | 10 | 6 | -0.30 | -0.11 | 147.61 | 139.00 | 10/30/2026 | No | 12 | 69 | None | |
| COP | Conoco Phillips | Options Chain | 2.52 | 3.05 | 0.38 | 1.00 | 0.38 | 0.32 | 3 | 3 | -0.30 | -0.07 | 131.83 | 122.00 | 10/30/2026 | No | 13 | 77 | None | |
| ACN | Accenture plc - Class A | Options Chain | 5.70 | 7.40 | 0.90 | 2.50 | 0.36 | 0.52 | 0 | 1 | -0.30 | -0.13 | 181.29 | 172.50 | 10/30/2026 | Yes | 17 | 69 | None | |
| APA | APA Corporation | Options Chain | 1.08 | 1.52 | 0.36 | 1.00 | 0.36 | 0.46 | 0 | 18 | -0.30 | -0.03 | 44.87 | 41.00 | 10/30/2026 | No | 10 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.40 | 7.50 | 1.75 | 5.00 | 0.35 | 0.52 | 29 | 18 | -0.30 | -0.16 | 177.72 | 180.00 | 10/30/2026 | No | 10 | 63 | None | |
| CVS | CVS Health Corp | Options Chain | 1.32 | 2.15 | 0.35 | 1.00 | 0.35 | 0.33 | 2 | 13 | -0.29 | -0.04 | 89.04 | 83.00 | 10/30/2026 | No | 14 | 69 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.22 | 2.60 | 0.34 | 1.00 | 0.34 | 0.61 | 2 | 24 | -0.28 | -0.06 | 60.76 | 56.00 | 10/30/2026 | No | 9 | 54 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.60 | 1.94 | 0.33 | 1.00 | 0.33 | 0.31 | 10 | 112 | -0.30 | -0.04 | 86.24 | 83.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.60 | 7.10 | 1.60 | 5.00 | 0.32 | 0.45 | 36 | 31 | -0.29 | -0.17 | 229.55 | 215.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.97 | 2.50 | 0.32 | 1.00 | 0.32 | 0.43 | 0 | 5 | -0.30 | -0.05 | 79.62 | 76.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| CRM | Salesforce Inc | Options Chain | 6.05 | 6.55 | 1.55 | 5.00 | 0.31 | 0.40 | 7 | 18 | -0.29 | -0.16 | 237.92 | 225.00 | 10/30/2026 | No | 14 | 70 | None | |
| DOW | Dow Inc | Options Chain | 0.63 | 0.83 | 0.30 | 1.00 | 0.30 | 0.46 | 0 | 4 | -0.26 | -0.02 | 28.73 | 26.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.35 | 1.60 | 0.30 | 1.00 | 0.30 | 0.50 | 0 | 12 | -0.27 | -0.04 | 49.99 | 45.00 | 10/30/2026 | No | 13 | 55 | None | |
| GLW | Corning Inc | Options Chain | 6.45 | 6.85 | 1.47 | 5.00 | 0.29 | 0.64 | 99 | 50 | -0.28 | -0.16 | 150.13 | 145.00 | 10/30/2026 | Yes | 8 | 52 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.90 | 1.18 | 0.28 | 1.00 | 0.28 | 0.46 | 2 | 47 | -0.26 | -0.03 | 40.98 | 38.00 | 10/30/2026 | Yes | 10 | 54 | None | |
| HAL | Halliburton Company | Options Chain | 0.61 | 0.85 | 0.28 | 1.00 | 0.28 | 0.40 | 10 | 2 | -0.26 | -0.02 | 33.64 | 31.00 | 10/30/2026 | Yes | 10 | 48 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.01 | 1.07 | 0.28 | 1.00 | 0.28 | 0.43 | 41 | 18 | -0.29 | -0.03 | 35.51 | 34.00 | 10/30/2026 | Yes | 13 | 61 | None | |
| C | Citigroup Inc | Options Chain | 2.50 | 2.92 | 0.28 | 1.00 | 0.28 | 0.33 | 2 | 1 | -0.30 | -0.07 | 131.77 | 128.00 | 10/30/2026 | Yes | 14 | 69 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.28 | 0.45 | 0.14 | 0.50 | 0.28 | 0.30 | 3 | 4 | -0.24 | -0.01 | 24.43 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.80 | 9.10 | 1.35 | 5.00 | 0.27 | 0.33 | 114 | 47 | -0.27 | -0.24 | 434.67 | 420.00 | 10/30/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| KO | Coca-Cola Company | Options Chain | 1.09 | 1.22 | 0.27 | 1.00 | 0.27 | 0.21 | 25 | 25 | -0.28 | -0.03 | 88.25 | 85.00 | 10/30/2026 | Yes | 11 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.92 | 1.02 | 0.27 | 1.00 | 0.27 | 0.26 | 6 | 41 | -0.30 | -0.03 | 58.21 | 56.00 | 10/30/2026 | Yes | 13 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.00 | 1.15 | 0.27 | 1.00 | 0.27 | 0.37 | 3 | 0 | -0.30 | -0.03 | 48.61 | 45.00 | 10/30/2026 | No | 13 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.65 | 8.20 | 1.30 | 5.00 | 0.26 | 0.37 | 1 | 29 | -0.27 | -0.22 | 376.90 | 355.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.99 | 1.24 | 0.26 | 1.00 | 0.26 | 0.32 | 1 | 1 | -0.26 | -0.02 | 63.06 | 59.00 | 10/30/2026 | Yes | 16 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.94 | 1.07 | 0.26 | 1.00 | 0.26 | 0.34 | 23 | 4 | -0.26 | -0.03 | 58.84 | 54.00 | 10/30/2026 | No | 10 | 55 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.27 | 0.64 | 0.25 | 1.00 | 0.25 | 0.23 | 410 | 0 | -0.24 | -0.01 | 38.95 | 37.00 | 10/30/2026 | Yes | 12 | 68 | None | |
| AA | Alcoa Corp | Options Chain | 1.13 | 1.31 | 0.25 | 1.00 | 0.25 | 0.49 | 3 | 1 | -0.27 | -0.03 | 44.43 | 41.00 | 10/30/2026 | Yes | 16 | 49 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.75 | 1.95 | 0.25 | 1.00 | 0.25 | 0.24 | 31 | 8 | -0.29 | -0.05 | 129.75 | 125.00 | 10/30/2026 | Yes | 9 | 55 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.15 | 3.50 | 1.22 | 5.00 | 0.24 | 0.22 | 67 | 47 | -0.28 | -0.10 | 248.24 | 240.00 | 10/30/2026 | No | 12 | 67 | None | |
| NVO | Novo Nordisk | Options Chain | 0.63 | 0.70 | 0.24 | 1.00 | 0.24 | 0.35 | 251 | 21065 | -0.23 | -0.02 | 43.24 | 37.00 | 10/30/2026 | No | 14 | 57 | None | |
| GM | General Motors Company | Options Chain | 1.75 | 1.96 | 0.24 | 1.00 | 0.24 | 0.39 | 2 | 16 | -0.29 | -0.05 | 82.20 | 79.00 | 10/30/2026 | Yes | 9 | 59 | None | |
| HPQ | HP Inc | Options Chain | 0.98 | 1.23 | 0.12 | 0.50 | 0.24 | 0.50 | 1 | 8 | -0.29 | -0.03 | 34.40 | 31.00 | 10/30/2026 | No | 10 | 46 | None | |
| F | Ford Motor Company | Options Chain | 0.33 | 0.35 | 0.12 | 0.50 | 0.24 | 0.38 | 43 | 26 | -0.29 | -0.01 | 13.21 | 12.50 | 10/30/2026 | Yes | 9 | 49 | None | |
| VST | Vistra Corp | Options Chain | 2.85 | 3.00 | 1.18 | 5.00 | 0.24 | 0.42 | 73 | 77 | -0.23 | -0.09 | 143.56 | 130.00 | 10/30/2026 | No | 6 | 54 | None | |
| WMT | Walmart Inc | Options Chain | 1.53 | 1.66 | 0.23 | 1.00 | 0.23 | 0.23 | 4 | 5 | -0.29 | -0.05 | 106.73 | 104.00 | 10/30/2026 | No | 9 | 59 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.13 | 2.39 | 0.23 | 1.00 | 0.23 | 0.48 | 4 | 0 | -0.30 | -0.05 | 70.92 | 67.00 | 10/30/2026 | Yes | 10 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.62 | 0.71 | 0.22 | 1.00 | 0.22 | 0.26 | 19 | 224 | -0.23 | -0.01 | 48.09 | 45.00 | 10/30/2026 | No | 10 | 73 | None | |
| CVX | Chevron Corp | Options Chain | 2.84 | 3.35 | 1.07 | 5.00 | 0.21 | 0.28 | 30 | 6 | -0.26 | -0.10 | 209.51 | 195.00 | 10/30/2026 | Yes | 13 | 76 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.82 | 2.06 | 0.21 | 1.00 | 0.21 | 0.30 | 5 | 0 | -0.28 | -0.05 | 109.51 | 104.00 | 10/30/2026 | No | 10 | 67 | None | |
| EQT | EQT Corp | Options Chain | 0.71 | 0.96 | 0.21 | 1.00 | 0.21 | 0.32 | 1 | 6 | -0.28 | -0.02 | 50.47 | 47.00 | 10/30/2026 | Yes | 11 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.70 | 5.40 | 1.02 | 5.00 | 0.20 | 0.26 | 3 | 3 | -0.28 | -0.12 | 349.67 | 335.00 | 10/30/2026 | Yes | 11 | 80 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.20 | 2.60 | 1.00 | 5.00 | 0.20 | 0.30 | 182 | 31 | -0.25 | -0.08 | 163.54 | 150.00 | 10/30/2026 | Yes | 13 | 73 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.34 | 0.40 | 0.18 | 1.00 | 0.18 | 0.36 | 10 | 36929 | -0.21 | -0.01 | 22.79 | 21.00 | 10/30/2026 | Yes | 11 | 60 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.34 | 0.51 | 0.18 | 1.00 | 0.18 | 0.28 | 1 | 16 | -0.24 | -0.01 | 31.84 | 30.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| TGT | Target Corp | Options Chain | 2.41 | 2.76 | 0.18 | 1.00 | 0.18 | 0.30 | 5 | 0 | -0.26 | -0.08 | 158.49 | 150.00 | 10/30/2026 | No | 15 | 72 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.40 | 0.09 | 0.50 | 0.18 | 0.30 | 78 | 4 | -0.24 | -0.01 | 25.40 | 24.00 | 10/30/2026 | Yes | 11 | 58 | None |