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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 11.65 | 13.90 | 1.18 | 2.50 | 0.47 | 0.83 | 35 | 1 | -0.29 | -0.30 | 226.11 | 200.00 | 7/31/2026 | Yes | 11 | 65 | None | |
| MMM | 3M Company | Options Chain | 2.80 | 4.35 | 0.92 | 2.50 | 0.37 | 0.35 | 0 | 1 | -0.29 | -0.10 | 162.27 | 155.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 5.85 | 6.95 | 0.92 | 2.50 | 0.37 | 0.54 | 4 | 94 | -0.30 | -0.14 | 175.42 | 162.50 | 7/31/2026 | No | 7 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.85 | 10.70 | 1.73 | 5.00 | 0.35 | 0.40 | 272 | 230 | -0.30 | -0.25 | 379.13 | 350.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.36 | 1.90 | 0.32 | 1.00 | 0.32 | 0.28 | 21 | 3 | -0.30 | -0.04 | 86.55 | 83.00 | 7/31/2026 | Yes | 10 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.20 | 17.45 | 1.58 | 5.00 | 0.32 | 0.52 | 54 | 75 | -0.29 | -0.39 | 467.67 | 435.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
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| PAAS | Pan American Silver Corp | Options Chain | 1.55 | 2.20 | 0.30 | 1.00 | 0.30 | 0.58 | 2 | 0 | -0.29 | -0.04 | 48.41 | 45.00 | 7/31/2026 | No | 14 | 55 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.45 | 0.55 | 0.15 | 0.50 | 0.30 | 0.40 | 16 | 1 | -0.28 | -0.01 | 20.33 | 18.50 | 7/31/2026 | No | 13 | 41 | None | |
| VST | Vistra Corp | Options Chain | 4.70 | 6.60 | 1.42 | 5.00 | 0.28 | 0.52 | 2 | 1 | -0.29 | -0.13 | 167.26 | 155.00 | 7/31/2026 | No | 8 | 56 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.72 | 0.90 | 0.27 | 1.00 | 0.27 | 0.28 | 19 | 93 | -0.28 | -0.01 | 45.49 | 43.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.84 | 1.22 | 0.26 | 1.00 | 0.26 | 0.39 | 4 | 9 | -0.27 | -0.03 | 43.19 | 43.00 | 7/31/2026 | No | 17 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.10 | 9.55 | 1.20 | 5.00 | 0.24 | 0.36 | 0 | 10 | -0.28 | -0.26 | 400.00 | 385.00 | 7/31/2026 | No | 11 | 64 | None | |
| MO | Altria Group Inc | Options Chain | 0.81 | 1.11 | 0.23 | 1.00 | 0.23 | 0.27 | 2 | 16 | -0.26 | -0.04 | 69.12 | 66.00 | 7/31/2026 | Yes | 8 | 58 | None | |
| V | Visa Inc - Class A | Options Chain | 4.75 | 5.75 | 1.15 | 5.00 | 0.23 | 0.27 | 5 | 3 | -0.28 | -0.15 | 327.24 | 315.00 | 7/31/2026 | No | 11 | 70 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.65 | 1.00 | 0.20 | 1.00 | 0.20 | 0.53 | 2 | 6 | -0.25 | -0.02 | 30.23 | 27.00 | 7/31/2026 | Yes | 10 | 57 | None | |
| WMB | Williams Cos Inc | Options Chain | 0.75 | 1.20 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 1 | -0.27 | -0.04 | 73.12 | 71.00 | 7/31/2026 | No | 8 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.51 | 2.09 | 0.20 | 1.00 | 0.20 | 0.25 | 5 | 2 | -0.30 | -0.05 | 117.10 | 113.00 | 7/31/2026 | No | 9 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.32 | 2.02 | 0.20 | 1.00 | 0.20 | 0.31 | 2 | 0 | -0.30 | -0.05 | 82.46 | 80.00 | 7/31/2026 | Yes | 13 | 73 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.79 | 2.47 | 0.17 | 1.00 | 0.17 | 0.23 | 21 | 40 | -0.30 | -0.05 | 147.87 | 142.00 | 7/31/2026 | No | 9 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.63 | 2.09 | 0.84 | 5.00 | 0.17 | 0.30 | 57 | 30 | -0.23 | -0.07 | 138.47 | 130.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| T | AT&T Inc | Options Chain | 0.17 | 0.49 | 0.16 | 1.00 | 0.16 | 0.32 | 5 | 0 | -0.21 | -0.01 | 22.10 | 20.00 | 7/31/2026 | Yes | 9 | 61 | None |