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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 17.10 | 19.40 | 2.27 | 5.00 | 0.45 | 0.51 | 2 | 671 | -0.30 | -0.32 | 439.39 | 405.00 | 8/28/2026 | Yes | 20 | 61 |
Dividend Stock List |
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| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 1.25 | 1.75 | 0.45 | 1.00 | 0.45 | 0.26 | 0 | 1 | -0.29 | -0.03 | 81.51 | 78.00 | 8/28/2026 | Yes | 18 | 73 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 1.15 | 0.42 | 1.00 | 0.42 | 0.46 | 4 | 0 | -0.28 | -0.02 | 28.25 | 27.00 | 8/21/2026 | Yes | 7 | 56 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.82 | 2.87 | 0.38 | 1.00 | 0.38 | 0.55 | 0 | 2 | -0.28 | -0.05 | 60.49 | 56.00 | 8/28/2026 | Yes | 10 | 58 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.80 | 1.28 | 0.34 | 1.00 | 0.34 | 0.35 | 7 | 0 | -0.28 | -0.03 | 42.70 | 42.00 | 8/28/2026 | No | 11 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.74 | 6.80 | 1.64 | 5.00 | 0.33 | 0.26 | 0 | 1 | -0.29 | -0.09 | 259.00 | 245.00 | 8/28/2026 | Yes | 8 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.75 | 11.70 | 1.63 | 5.00 | 0.33 | 0.69 | 1 | 0 | -0.28 | -0.17 | 190.78 | 170.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 5.70 | 6.20 | 1.50 | 5.00 | 0.30 | 0.58 | 7 | 33 | -0.28 | -0.14 | 162.71 | 145.00 | 8/21/2026 | Yes | 8 | 58 | None | |
| EXC | Exelon Corp | Options Chain | 0.35 | 1.20 | 0.30 | 1.00 | 0.30 | 0.24 | 5 | 2 | -0.30 | -0.01 | 46.16 | 45.00 | 8/21/2026 | Yes | 8 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.00 | 13.50 | 2.97 | 10.00 | 0.30 | 0.50 | 160 | 524 | -0.28 | -0.29 | 401.11 | 370.00 | 8/21/2026 | No | 13 | 64 | None | |
| RMD | Resmed Inc | Options Chain | 4.50 | 5.50 | 1.47 | 5.00 | 0.29 | 0.41 | 1 | 0 | -0.27 | -0.12 | 208.45 | 190.00 | 8/21/2026 | Yes | 15 | 59 |
Dividend Stock List |
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| MSFT | Microsoft Corporation | Options Chain | 10.00 | 10.50 | 1.47 | 5.00 | 0.29 | 0.41 | 512 | 250 | -0.28 | -0.23 | 384.12 | 360.00 | 8/21/2026 | Yes | 12 | 65 | None | |
| KO | Coca-Cola Company | Options Chain | 0.87 | 1.43 | 0.29 | 1.00 | 0.29 | 0.22 | 0 | 1 | -0.26 | -0.03 | 82.65 | 80.00 | 8/28/2026 | Yes | 9 | 63 | None | |
| HPQ | HP Inc | Options Chain | 0.60 | 1.18 | 0.14 | 0.50 | 0.28 | 0.48 | 6 | 0 | -0.29 | -0.02 | 24.09 | 22.50 | 8/28/2026 | Yes | 12 | 45 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.05 | 2.30 | 0.68 | 2.50 | 0.27 | 0.38 | 0 | 3 | -0.30 | -0.05 | 79.91 | 77.50 | 8/21/2026 | Yes | 9 | 57 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.30 | 0.25 | 1.00 | 0.25 | 0.36 | 0 | 7 | -0.29 | -0.02 | 44.43 | 43.00 | 8/21/2026 | Yes | 14 | 73 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.00 | 3.40 | 1.20 | 5.00 | 0.24 | 0.51 | 16 | 1 | -0.26 | -0.08 | 82.00 | 75.00 | 8/21/2026 | Yes | 16 | 64 |
Dividend Stock List |
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| JPM | JPMorgan Chase & Company | Options Chain | 3.15 | 6.60 | 1.19 | 5.00 | 0.24 | 0.25 | 1 | 1 | -0.26 | -0.13 | 335.55 | 320.00 | 8/28/2026 | Yes | 9 | 69 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.44 | 36 | 2 | -0.23 | -0.02 | 26.09 | 24.00 | 8/21/2026 | Yes | 11 | 57 | None | |
| CLX | Clorox Company | Options Chain | 2.05 | 2.55 | 1.12 | 5.00 | 0.22 | 0.38 | 64 | 98 | -0.28 | -0.04 | 93.40 | 90.00 | 8/21/2026 | Yes | 14 | 55 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.48 | 0.94 | 0.20 | 1.00 | 0.20 | 0.25 | 24 | 1 | -0.29 | -0.01 | 42.30 | 40.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 3.95 | 6.00 | 0.96 | 5.00 | 0.19 | 0.43 | 4 | 0 | -0.27 | -0.10 | 161.80 | 150.00 | 8/28/2026 | No | 15 | 71 | None | |
| BNY | Bank Of New York Mellon Corp | Options Chain | 2.10 | 4.00 | 0.90 | 5.00 | 0.18 | 0.30 | 55 | 0 | -0.30 | -0.07 | 152.26 | 145.00 | 8/21/2026 | Yes | 14 | 71 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.01 | 0.91 | 0.17 | 1.00 | 0.17 | 0.19 | 0 | 106 | -0.21 | 0.00 | 37.33 | 35.00 | 8/28/2026 | Yes | 9 | 58 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.60 | 0.17 | 1.00 | 0.17 | 0.32 | 0 | 3 | -0.24 | -0.01 | 30.58 | 29.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| FOXA | Fox Corporation - Class A | Options Chain | 0.95 | 1.45 | 0.85 | 5.00 | 0.17 | 0.43 | 103 | 0 | -0.22 | -0.04 | 52.79 | 50.00 | 8/21/2026 | Yes | 11 | 56 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.31 | 1 | 0 | -0.22 | -0.01 | 25.69 | 24.00 | 8/21/2026 | Yes | 19 | 68 | None |