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 | 0.27 | 2.04 | 0.53 | 1.00 | 0.53 | 0.52 | 0 | 3 | -0.28 | -0.02 | 30.40 | 27.00 | 10/23/2026 | Yes | 8 | 56 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.10 | 1.42 | 0.46 | 1.00 | 0.46 | 0.43 | 3 | 18 | -0.29 | -0.03 | 38.52 | 36.00 | 10/23/2026 | Yes | 14 | 59 | None | |
| SWK | Stanley Black & Decker Inc | Options Chain | 1.50 | 2.65 | 1.00 | 2.50 | 0.40 | 0.37 | 2 | 0 | -0.25 | -0.04 | 96.40 | 90.00 | 10/16/2026 | No | 16 | 64 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.80 | 0.40 | 1.00 | 0.40 | 0.21 | 18 | 0 | -0.24 | -0.02 | 44.49 | 42.00 | 10/16/2026 | No | 11 | 64 | None | |
| EQNR | Equinor ASA | Options Chain | 0.50 | 1.30 | 0.37 | 1.00 | 0.37 | 0.39 | 79 | 31 | -0.24 | -0.02 | 42.58 | 39.00 | 10/16/2026 | No | 13 | 58 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 2.15 | 2.70 | 0.35 | 1.00 | 0.35 | 0.40 | 5 | 0 | -0.30 | -0.05 | 84.45 | 78.00 | 10/23/2026 | Yes | 13 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.50 | 7.00 | 1.73 | 5.00 | 0.35 | 0.25 | 4 | 12 | -0.27 | -0.11 | 362.25 | 340.00 | 10/23/2026 | Yes | 12 | 80 | None | |
| AA | Alcoa Corp | Options Chain | 1.46 | 2.03 | 0.32 | 1.00 | 0.32 | 0.51 | 3 | 5 | -0.27 | -0.04 | 50.87 | 46.00 | 10/23/2026 | No | 17 | 52 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.85 | 9.80 | 1.58 | 5.00 | 0.32 | 0.36 | 35 | 23 | -0.28 | -0.18 | 357.16 | 335.00 | 10/23/2026 | No | 13 | 64 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.74 | 1.26 | 0.31 | 1.00 | 0.31 | 0.33 | 0 | 14 | -0.27 | -0.02 | 48.81 | 45.00 | 10/23/2026 | No | 13 | 64 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.75 | 0.30 | 1.00 | 0.30 | 0.29 | 0 | 6 | -0.27 | -0.01 | 29.76 | 29.00 | 10/16/2026 | Yes | 16 | 69 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.45 | 0.70 | 0.28 | 1.00 | 0.28 | 0.36 | 8 | 0 | -0.30 | -0.01 | 23.98 | 22.00 | 10/16/2026 | No | 13 | 68 | None | |
| CRM | Salesforce Inc | Options Chain | 5.70 | 7.05 | 1.35 | 5.00 | 0.27 | 0.39 | 4 | 0 | -0.26 | -0.14 | 264.39 | 240.00 | 10/23/2026 | No | 15 | 71 | None | |
| FRO | Frontline Plc | Options Chain | 1.35 | 2.20 | 0.25 | 1.00 | 0.25 | 0.44 | 6 | 1 | -0.28 | -0.01 | 45.74 | 42.00 | 10/16/2026 | No | 8 | 56 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.10 | 2.61 | 0.25 | 1.00 | 0.25 | 0.29 | 2 | 0 | -0.30 | -0.04 | 108.63 | 104.00 | 10/23/2026 | No | 11 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 1.04 | 1.48 | 0.25 | 1.00 | 0.25 | 0.20 | 3 | 0 | -0.30 | -0.02 | 88.92 | 85.00 | 10/23/2026 | Yes | 9 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.90 | 11.40 | 1.22 | 5.00 | 0.24 | 0.34 | 9 | 28 | -0.30 | -0.20 | 416.43 | 405.00 | 10/23/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| MCD | McDonald`s Corp | Options Chain | 2.94 | 3.30 | 1.16 | 5.00 | 0.23 | 0.21 | 46 | 36 | -0.23 | -0.08 | 259.80 | 245.00 | 10/23/2026 | No | 12 | 66 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.90 | 0.23 | 1.00 | 0.23 | 0.27 | 29 | 1 | -0.30 | -0.02 | 43.82 | 42.00 | 10/16/2026 | Yes | 11 | 69 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.45 | 1.65 | 0.57 | 2.50 | 0.23 | 0.31 | 3298 | 75 | -0.27 | -0.04 | 83.94 | 80.00 | 10/16/2026 | No | 17 | 57 | None | |
| SYF | Synchrony Financial | Options Chain | 1.10 | 1.70 | 0.55 | 2.50 | 0.22 | 0.33 | 0 | 1 | -0.25 | -0.04 | 79.85 | 75.00 | 10/16/2026 | No | 11 | 66 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.65 | 1.80 | 0.55 | 2.50 | 0.22 | 0.33 | 35 | 6 | -0.28 | -0.05 | 92.71 | 85.00 | 10/16/2026 | No | 12 | 25 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.80 | 0.22 | 1.00 | 0.22 | 0.35 | 2 | 7 | -0.26 | -0.02 | 32.71 | 31.00 | 10/16/2026 | No | 7 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 1.35 | 1.91 | 0.22 | 1.00 | 0.22 | 0.23 | 11 | 3 | -0.28 | -0.04 | 108.45 | 103.00 | 10/23/2026 | No | 9 | 59 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.02 | 1.18 | 0.22 | 1.00 | 0.22 | 0.26 | 5 | 10 | -0.28 | -0.03 | 63.04 | 60.00 | 10/23/2026 | Yes | 10 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.00 | 7.55 | 1.03 | 5.00 | 0.21 | 0.40 | 4 | 0 | -0.29 | -0.14 | 233.96 | 220.00 | 10/23/2026 | Yes | 9 | 66 | None | |
| VST | Vistra Corp | Options Chain | 3.20 | 3.80 | 1.00 | 5.00 | 0.20 | 0.43 | 5 | 11 | -0.24 | -0.08 | 144.60 | 135.00 | 10/23/2026 | No | 8 | 61 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.15 | 1.45 | 0.90 | 5.00 | 0.18 | 0.33 | 3 | 1 | -0.28 | -0.03 | 63.64 | 60.00 | 10/16/2026 | No | 11 | 56 | None | |
| FAST | Fastenal Company | Options Chain | 0.30 | 1.50 | 0.45 | 2.50 | 0.18 | 0.40 | 20 | 0 | -0.16 | -0.02 | 49.28 | 45.00 | 10/16/2026 | Yes | 13 | 54 | None | |
| UNM | Unum Group | Options Chain | 1.20 | 1.55 | 0.45 | 2.50 | 0.18 | 0.30 | 1 | 2 | -0.22 | -0.05 | 96.57 | 90.00 | 10/16/2026 | No | 9 | 69 | None | |
| GLW | Corning Inc | Options Chain | 4.70 | 6.90 | 0.86 | 5.00 | 0.17 | 0.55 | 1 | 45 | -0.29 | -0.12 | 146.00 | 140.00 | 10/23/2026 | No | 9 | 52 | None | |
| VTRS | Viatris Inc | Options Chain | 0.10 | 0.40 | 0.17 | 1.00 | 0.17 | 0.26 | 8 | 1 | -0.27 | -0.01 | 16.94 | 16.00 | 10/16/2026 | No | 6 | 51 | None | |
| C | Citigroup Inc | Options Chain | 2.60 | 3.30 | 0.17 | 1.00 | 0.17 | 0.30 | 0 | 1 | -0.30 | -0.06 | 138.20 | 131.00 | 10/23/2026 | Yes | 17 | 78 | None | |
| EIX | Edison International | Options Chain | 1.00 | 1.15 | 0.40 | 2.50 | 0.16 | 0.45 | 167 | 131 | -0.19 | -0.02 | 56.20 | 50.00 | 10/16/2026 | No | 10 | 63 | None | |
| GIS | General Mills Inc | Options Chain | 0.50 | 0.60 | 0.40 | 2.50 | 0.16 | 0.34 | 134 | 26 | -0.21 | -0.01 | 39.28 | 35.00 | 10/16/2026 | Yes | 5 | 52 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.65 | 0.16 | 1.00 | 0.16 | 0.17 | 5 | 0 | -0.30 | -0.01 | 39.26 | 38.00 | 10/23/2026 | No | 12 | 68 | None | |
| OVV | Ovintiv Inc | Options Chain | 0.95 | 1.35 | 0.77 | 5.00 | 0.15 | 0.35 | 0 | 22 | -0.24 | -0.03 | 67.17 | 60.00 | 10/16/2026 | No | 13 | 72 | None | |
| EQT | EQT Corp | Options Chain | 0.00 | 1.20 | 0.15 | 1.00 | 0.15 | 0.40 | 15 | 0 | -0.26 | -0.02 | 55.61 | 52.00 | 10/23/2026 | Yes | 15 | 69 | None |