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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EQT | EQT Corp | Options Chain | 0.45 | 2.12 | 0.50 | 1.00 | 0.50 | 0.34 | 0 | 2 | -0.28 | -0.03 | 53.21 | 51.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.81 | 1.35 | 0.43 | 1.00 | 0.43 | 0.27 | 9 | 10 | -0.30 | -0.01 | 51.45 | 49.00 | 10/30/2026 | No | 7 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.39 | 2.25 | 0.37 | 1.00 | 0.37 | 0.25 | 0 | 6 | -0.28 | -0.04 | 108.09 | 104.00 | 10/30/2026 | No | 8 | 55 | None | |
| MO | Altria Group Inc | Options Chain | 1.05 | 1.40 | 0.34 | 1.00 | 0.34 | 0.26 | 4 | 2 | -0.28 | -0.03 | 70.74 | 67.00 | 10/30/2026 | No | 9 | 68 | None | |
| GLW | Corning Inc | Options Chain | 5.00 | 7.35 | 1.68 | 5.00 | 0.34 | 0.63 | 12 | 18 | -0.28 | -0.13 | 143.60 | 130.00 | 10/30/2026 | Yes | 9 | 52 | None | |
| CRM | Salesforce Inc | Options Chain | 7.35 | 8.55 | 1.67 | 5.00 | 0.33 | 0.43 | 20 | 3 | -0.30 | -0.16 | 259.43 | 240.00 | 10/30/2026 | No | 15 | 70 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.06 | 1.24 | 0.33 | 1.00 | 0.33 | 0.44 | 8 | 8 | -0.29 | -0.03 | 36.22 | 34.00 | 10/30/2026 | No | 10 | 51 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.60 | 2.05 | 0.33 | 1.00 | 0.33 | 0.50 | 0 | 1 | -0.30 | -0.03 | 48.42 | 45.00 | 10/30/2026 | No | 14 | 54 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.70 | 9.05 | 1.63 | 5.00 | 0.33 | 0.36 | 98 | 64 | -0.29 | -0.19 | 339.27 | 320.00 | 10/30/2026 | No | 14 | 67 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.02 | 2.57 | 0.32 | 1.00 | 0.32 | 0.59 | 1 | 23 | -0.29 | -0.05 | 55.41 | 51.00 | 10/30/2026 | No | 9 | 54 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.32 | 1.43 | 0.31 | 1.00 | 0.31 | 0.33 | 20 | 0 | -0.28 | -0.03 | 63.52 | 60.00 | 10/30/2026 | No | 12 | 70 | None | |
| VST | Vistra Corp | Options Chain | 3.00 | 4.50 | 1.53 | 5.00 | 0.31 | 0.45 | 7 | 14 | -0.26 | -0.09 | 141.53 | 130.00 | 10/30/2026 | No | 8 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.45 | 9.60 | 1.53 | 5.00 | 0.31 | 0.34 | 19 | 15 | -0.28 | -0.21 | 413.75 | 390.00 | 10/30/2026 | No | 20 | 61 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 7.15 | 9.40 | 1.53 | 5.00 | 0.31 | 0.34 | 2 | 15 | -0.28 | -0.20 | 375.93 | 355.00 | 10/30/2026 | No | 12 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.96 | 4.35 | 0.76 | 2.50 | 0.30 | 0.33 | 41 | 31 | -0.28 | -0.08 | 169.32 | 160.00 | 10/30/2026 | No | 13 | 71 | None | |
| APA | APA Corporation | Options Chain | 1.02 | 1.52 | 0.30 | 1.00 | 0.30 | 0.46 | 12 | 14 | -0.26 | -0.02 | 45.09 | 43.00 | 10/30/2026 | No | 14 | 70 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.65 | 4.55 | 1.48 | 5.00 | 0.30 | 0.23 | 32 | 32 | -0.29 | -0.10 | 257.99 | 245.00 | 10/30/2026 | No | 9 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 4.95 | 5.55 | 1.47 | 5.00 | 0.29 | 0.52 | 595 | 191 | -0.30 | -0.10 | 140.35 | 130.00 | 10/30/2026 | No | 8 | 60 | None | |
| JNJ | Johnson & Johnson | Options Chain | 4.20 | 5.20 | 1.44 | 5.00 | 0.29 | 0.27 | 1 | 18 | -0.29 | -0.11 | 266.32 | 255.00 | 10/30/2026 | Yes | 9 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.75 | 7.55 | 1.42 | 5.00 | 0.28 | 0.49 | 10 | 54 | -0.30 | -0.14 | 187.80 | 175.00 | 10/30/2026 | No | 10 | 63 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.19 | 0.74 | 0.28 | 1.00 | 0.28 | 0.27 | 6 | 1 | -0.26 | -0.01 | 30.96 | 29.00 | 10/30/2026 | Yes | 12 | 67 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.00 | 1.24 | 0.27 | 1.00 | 0.27 | 0.36 | 2 | 0 | -0.27 | -0.03 | 49.73 | 48.00 | 10/30/2026 | No | 13 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.90 | 1.02 | 0.27 | 1.00 | 0.27 | 0.36 | 24 | 7 | -0.27 | -0.02 | 43.65 | 40.00 | 10/30/2026 | No | 11 | 48 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.91 | 1.26 | 0.26 | 1.00 | 0.26 | 0.27 | 8 | 20 | -0.29 | -0.03 | 59.52 | 57.00 | 10/30/2026 | Yes | 13 | 73 | None | |
| DOW | Dow Inc | Options Chain | 0.54 | 0.81 | 0.25 | 1.00 | 0.25 | 0.44 | 20 | 2 | -0.23 | -0.01 | 28.90 | 27.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.18 | 0.96 | 0.25 | 1.00 | 0.25 | 0.32 | 3 | 26 | -0.30 | -0.01 | 24.88 | 23.00 | 10/30/2026 | Yes | 15 | 67 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.35 | 7.70 | 1.23 | 5.00 | 0.25 | 0.44 | 2 | 0 | -0.27 | -0.16 | 249.09 | 230.00 | 10/30/2026 | Yes | 9 | 67 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.00 | 0.90 | 0.12 | 0.50 | 0.24 | 0.50 | 8 | 15 | -0.26 | -0.02 | 24.27 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| CVX | Chevron Corp | Options Chain | 3.00 | 4.30 | 1.16 | 5.00 | 0.23 | 0.29 | 15 | 27 | -0.26 | -0.09 | 212.17 | 205.00 | 10/30/2026 | Yes | 13 | 77 | None | |
| GE | General Electric Company | Options Chain | 6.70 | 8.00 | 1.15 | 5.00 | 0.23 | 0.36 | 12 | 20 | -0.28 | -0.18 | 317.56 | 290.00 | 10/30/2026 | Yes | 8 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.28 | 0.22 | 1.00 | 0.22 | 0.22 | 9 | 1 | -0.28 | -0.03 | 89.35 | 85.00 | 10/30/2026 | Yes | 9 | 61 | None | |
| HPQ | HP Inc | Options Chain | 1.05 | 1.33 | 0.11 | 0.50 | 0.22 | 0.50 | 0 | 1 | -0.29 | -0.03 | 34.02 | 31.50 | 10/30/2026 | No | 12 | 55 | None | |
| SLB | SLB | Options Chain | 1.27 | 1.63 | 0.21 | 1.00 | 0.21 | 0.38 | 0 | 1 | -0.30 | -0.03 | 54.20 | 51.00 | 10/30/2026 | No | 8 | 65 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.32 | 2.87 | 0.20 | 1.00 | 0.20 | 0.45 | 1 | 0 | -0.30 | -0.05 | 79.80 | 74.00 | 10/30/2026 | Yes | 13 | 67 | None | |
| MS | Morgan Stanley | Options Chain | 2.83 | 5.10 | 0.92 | 5.00 | 0.18 | 0.36 | 3 | 3 | -0.25 | -0.10 | 206.28 | 190.00 | 10/30/2026 | No | 11 | 67 | None |