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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C | Citigroup Inc | Options Chain | 2.54 | 3.40 | 0.48 | 1.00 | 0.48 | 0.29 | 0 | 10 | -0.30 | -0.07 | 139.33 | 133.00 | 10/2/2026 | No | 14 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.49 | 2.37 | 0.46 | 1.00 | 0.46 | 0.21 | 3 | 1 | -0.28 | -0.05 | 143.12 | 138.00 | 10/2/2026 | No | 12 | 72 | None | |
| GLW | Corning Inc | Options Chain | 7.05 | 8.50 | 2.08 | 5.00 | 0.42 | 0.67 | 13 | 31 | -0.27 | -0.16 | 166.40 | 155.00 | 10/2/2026 | No | 8 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.75 | 6.65 | 1.96 | 5.00 | 0.39 | 0.36 | 4 | 54 | -0.27 | -0.13 | 234.58 | 215.00 | 10/2/2026 | No | 9 | 66 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 21.50 | 25.10 | 1.85 | 5.00 | 0.37 | 0.31 | 0 | 18 | -0.30 | -0.44 | 1,036.50 | 1,000.00 | 10/2/2026 | No | 10 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.65 | 2.06 | 0.37 | 1.00 | 0.37 | 0.30 | 0 | 4 | -0.28 | -0.02 | 63.98 | 61.00 | 10/2/2026 | No | 16 | 70 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.25 | 14.35 | 1.82 | 5.00 | 0.36 | 0.47 | 9 | 8 | -0.29 | -0.27 | 393.52 | 365.00 | 10/2/2026 | Yes | 10 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.70 | 8.85 | 1.78 | 5.00 | 0.36 | 0.29 | 4 | 1 | -0.29 | -0.13 | 401.73 | 375.00 | 10/2/2026 | No | 13 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 6.45 | 7.65 | 1.75 | 5.00 | 0.35 | 0.63 | 17 | 130 | -0.30 | -0.14 | 146.65 | 135.00 | 10/2/2026 | Yes | 9 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 0.97 | 1.52 | 0.34 | 1.00 | 0.34 | 0.26 | 10 | 13 | -0.30 | -0.02 | 65.85 | 61.00 | 10/2/2026 | No | 9 | 66 | None | |
| T | AT&T Inc | Options Chain | 0.00 | 0.53 | 0.17 | 0.50 | 0.34 | 0.33 | 1 | 41 | -0.22 | 0.00 | 24.68 | 23.00 | 10/2/2026 | No | 15 | 67 | None | |
| NVO | Novo Nordisk | Options Chain | 0.93 | 1.30 | 0.33 | 1.00 | 0.33 | 0.33 | 0 | 1 | -0.30 | -0.03 | 44.88 | 43.00 | 10/2/2026 | No | 11 | 49 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.75 | 11.05 | 1.65 | 5.00 | 0.33 | 0.37 | 1 | 22 | -0.28 | -0.23 | 425.20 | 405.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 2.46 | 0.32 | 1.00 | 0.32 | 0.45 | 8 | 2 | -0.30 | -0.05 | 66.50 | 64.00 | 10/2/2026 | No | 10 | 63 | None | |
| V | Visa Inc - Class A | Options Chain | 3.60 | 6.15 | 1.57 | 5.00 | 0.31 | 0.22 | 0 | 1 | -0.27 | -0.12 | 358.84 | 345.00 | 10/2/2026 | No | 10 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.66 | 1.02 | 0.30 | 1.00 | 0.30 | 0.22 | 38 | 5 | -0.26 | -0.02 | 64.48 | 61.00 | 10/2/2026 | No | 10 | 65 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.95 | 1.34 | 0.30 | 1.00 | 0.30 | 0.23 | 0 | 3 | -0.26 | -0.02 | 86.22 | 82.00 | 10/2/2026 | No | 11 | 73 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.03 | 1.25 | 0.30 | 1.00 | 0.30 | 0.44 | 199 | 252 | -0.28 | -0.02 | 39.09 | 36.00 | 10/2/2026 | Yes | 14 | 59 | None | |
| PCG | PG&E Corp | Options Chain | 0.31 | 0.74 | 0.15 | 0.50 | 0.30 | 0.48 | 9 | 0 | -0.26 | -0.01 | 17.50 | 16.00 | 10/2/2026 | No | 13 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.90 | 8.60 | 1.35 | 5.00 | 0.27 | 0.28 | 57 | 82 | -0.29 | -0.21 | 480.35 | 460.00 | 9/25/2026 | No | 14 | 72 | None | |
| EQT | EQT Corp | Options Chain | 0.32 | 0.81 | 0.27 | 1.00 | 0.27 | 0.24 | 1 | 1 | -0.26 | -0.03 | 54.60 | 50.00 | 10/2/2026 | No | 14 | 69 | None | |
| VST | Vistra Corp | Options Chain | 3.35 | 4.40 | 1.33 | 5.00 | 0.27 | 0.43 | 18 | 22 | -0.26 | -0.09 | 146.11 | 135.00 | 10/2/2026 | No | 7 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.90 | 4.90 | 1.33 | 5.00 | 0.27 | 0.43 | 6 | 40 | -0.27 | -0.09 | 162.18 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.30 | 3.90 | 1.30 | 5.00 | 0.26 | 0.21 | 60 | 89 | -0.28 | -0.07 | 273.28 | 255.00 | 10/2/2026 | No | 9 | 61 | None | |
| DOW | Dow Inc | Options Chain | 0.70 | 0.91 | 0.26 | 1.00 | 0.26 | 0.39 | 3 | 0 | -0.27 | -0.01 | 31.02 | 29.00 | 10/2/2026 | No | 8 | 56 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.89 | 1.32 | 0.26 | 1.00 | 0.26 | 0.32 | 0 | 5 | -0.30 | -0.02 | 45.85 | 45.00 | 10/2/2026 | No | 10 | 57 | None | |
| CRM | Salesforce Inc | Options Chain | 5.10 | 5.75 | 1.28 | 5.00 | 0.26 | 0.47 | 11 | 29 | -0.26 | -0.13 | 196.21 | 175.00 | 10/2/2026 | Yes | 15 | 70 | None | |
| HD | Home Depot Inc | Options Chain | 4.60 | 7.75 | 1.25 | 5.00 | 0.25 | 0.29 | 2 | 8 | -0.27 | -0.12 | 338.88 | 320.00 | 10/2/2026 | Yes | 7 | 69 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.78 | 1.38 | 0.25 | 1.00 | 0.25 | 0.32 | 0 | 2 | -0.26 | -0.02 | 59.04 | 55.00 | 10/2/2026 | No | 13 | 63 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.89 | 4.60 | 1.22 | 5.00 | 0.24 | 0.23 | 13 | 11 | -0.27 | -0.07 | 260.55 | 250.00 | 10/2/2026 | No | 12 | 72 | None | |
| KO | Coca-Cola Company | Options Chain | 0.92 | 1.11 | 0.24 | 1.00 | 0.24 | 0.18 | 38 | 12 | -0.29 | -0.02 | 87.70 | 84.00 | 10/2/2026 | No | 12 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.43 | 0.75 | 0.23 | 1.00 | 0.23 | 0.22 | 14 | 0 | -0.26 | -0.02 | 48.45 | 46.00 | 10/2/2026 | No | 8 | 64 | None | |
| UL | Unilever plc | Options Chain | 0.45 | 1.00 | 0.23 | 1.00 | 0.23 | 0.20 | 4 | 0 | -0.27 | -0.02 | 61.23 | 59.00 | 10/2/2026 | No | 9 | 58 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.74 | 2.62 | 0.23 | 1.00 | 0.23 | 0.34 | 0 | 9 | -0.30 | -0.06 | 89.60 | 84.00 | 10/2/2026 | No | 10 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.66 | 3.50 | 0.56 | 2.50 | 0.22 | 0.27 | 7 | 103 | -0.30 | -0.07 | 160.20 | 155.00 | 10/2/2026 | No | 11 | 66 | None | |
| HPQ | HP Inc | Options Chain | 1.00 | 1.28 | 0.11 | 0.50 | 0.22 | 0.53 | 2 | 11 | -0.30 | -0.02 | 30.25 | 27.00 | 10/2/2026 | Yes | 12 | 46 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.50 | 5.80 | 0.97 | 5.00 | 0.19 | 0.20 | 5 | 11 | -0.30 | -0.13 | 362.60 | 350.00 | 10/2/2026 | No | 12 | 79 | None | |
| CVX | Chevron Corp | Options Chain | 1.89 | 3.20 | 0.89 | 5.00 | 0.18 | 0.26 | 8 | 13 | -0.23 | -0.06 | 200.18 | 190.00 | 10/2/2026 | No | 13 | 77 | None |