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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MDT | Medtronic Plc | Options Chain | 1.38 | 1.79 | 0.74 | 1.00 | 0.74 | 0.28 | 2 | 0 | -0.28 | -0.03 | 89.41 | 85.00 | 9/25/2026 | Yes | 14 | 72 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.26 | 1.24 | 0.61 | 1.00 | 0.61 | 0.32 | 4 | 64 | -0.24 | -0.01 | 25.20 | 24.00 | 9/25/2026 | No | 14 | 60 | None | |
| GM | General Motors Company | Options Chain | 1.55 | 2.60 | 0.50 | 1.00 | 0.50 | 0.35 | 0 | 2 | -0.28 | -0.04 | 87.96 | 84.00 | 9/25/2026 | No | 9 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 7.05 | 7.65 | 0.37 | 1.00 | 0.37 | 0.68 | 17 | 3 | -0.30 | -0.14 | 149.55 | 132.00 | 9/25/2026 | Yes | 9 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.55 | 1.78 | 0.36 | 1.00 | 0.36 | 0.28 | 5 | 6 | -0.27 | -0.03 | 64.84 | 61.00 | 9/25/2026 | No | 11 | 61 | None | |
| COP | Conoco Phillips | Options Chain | 2.25 | 2.84 | 0.35 | 1.00 | 0.35 | 0.30 | 2 | 0 | -0.28 | -0.04 | 123.03 | 119.00 | 9/25/2026 | No | 13 | 78 | None | |
| APA | APA Corporation | Options Chain | 0.98 | 1.45 | 0.35 | 1.00 | 0.35 | 0.42 | 4 | 0 | -0.28 | -0.02 | 41.02 | 38.00 | 9/25/2026 | No | 10 | 53 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.20 | 11.40 | 1.67 | 5.00 | 0.33 | 0.39 | 18 | 38 | -0.29 | -0.23 | 418.47 | 395.00 | 9/25/2026 | No | 23 | 65 |
Dividend Stock List |
|
| FCX | Freeport-McMoRan Inc | Options Chain | 1.57 | 2.55 | 0.32 | 1.00 | 0.32 | 0.48 | 0 | 3 | -0.29 | -0.05 | 70.51 | 64.00 | 9/25/2026 | No | 11 | 58 | None | |
| CRM | Salesforce Inc | Options Chain | 5.20 | 6.20 | 1.57 | 5.00 | 0.31 | 0.47 | 20 | 12 | -0.26 | -0.12 | 197.51 | 180.00 | 9/25/2026 | Yes | 15 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.89 | 3.70 | 0.78 | 2.50 | 0.31 | 0.29 | 1 | 26 | -0.30 | -0.07 | 159.79 | 152.50 | 9/25/2026 | No | 13 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.45 | 8.50 | 1.53 | 5.00 | 0.31 | 0.28 | 3 | 15 | -0.30 | -0.16 | 408.74 | 385.00 | 9/25/2026 | No | 11 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.00 | 5.40 | 1.50 | 5.00 | 0.30 | 0.47 | 17 | 7 | -0.29 | -0.10 | 162.34 | 150.00 | 9/25/2026 | No | 12 | 71 | None | |
| DOW | Dow Inc | Options Chain | 0.81 | 1.11 | 0.30 | 1.00 | 0.30 | 0.42 | 18 | 7 | -0.30 | -0.01 | 30.58 | 29.00 | 9/25/2026 | No | 8 | 56 | None | |
| C | Citigroup Inc | Options Chain | 2.26 | 3.05 | 0.29 | 1.00 | 0.29 | 0.29 | 1 | 0 | -0.29 | -0.07 | 135.22 | 130.00 | 9/25/2026 | No | 17 | 78 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.37 | 0.74 | 0.29 | 1.00 | 0.29 | 0.18 | 13 | 0 | -0.30 | -0.01 | 37.99 | 37.00 | 9/25/2026 | No | 12 | 68 | None | |
| WMT | Walmart Inc | Options Chain | 1.92 | 2.25 | 0.28 | 1.00 | 0.28 | 0.29 | 5 | 3 | -0.28 | -0.05 | 112.66 | 107.00 | 9/25/2026 | Yes | 10 | 59 | None | |
| MO | Altria Group Inc | Options Chain | 0.90 | 1.35 | 0.28 | 1.00 | 0.28 | 0.24 | 0 | 1 | -0.29 | -0.02 | 65.54 | 62.00 | 9/25/2026 | No | 8 | 57 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.65 | 5.80 | 1.33 | 5.00 | 0.27 | 0.22 | 2 | 4 | -0.29 | -0.14 | 359.79 | 350.00 | 9/25/2026 | No | 12 | 80 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.76 | 0.91 | 0.26 | 1.00 | 0.26 | 0.35 | 67 | 13 | -0.26 | -0.02 | 42.05 | 38.00 | 9/25/2026 | No | 13 | 59 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.85 | 7.50 | 1.28 | 5.00 | 0.26 | 0.37 | 0 | 4 | -0.29 | -0.14 | 236.31 | 225.00 | 9/25/2026 | No | 9 | 66 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 0.95 | 1.50 | 0.63 | 2.50 | 0.25 | 0.44 | 13 | 8 | -0.22 | -0.03 | 58.31 | 52.50 | 9/18/2026 | No | 11 | 60 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.10 | 0.70 | 0.25 | 1.00 | 0.25 | 0.34 | 8 | 0 | -0.23 | -0.01 | 21.19 | 20.00 | 9/18/2026 | No | 7 | 53 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 7.10 | 7.70 | 2.45 | 10.00 | 0.25 | 0.40 | 75 | 75 | -0.27 | -0.19 | 320.32 | 310.00 | 9/18/2026 | No | 15 | 69 | None | |
| RF | Regions Financial Corp | Options Chain | 0.30 | 0.65 | 0.23 | 1.00 | 0.23 | 0.25 | 0 | 1 | -0.24 | -0.01 | 31.00 | 30.00 | 9/18/2026 | No | 17 | 69 | None | |
| KO | Coca-Cola Company | Options Chain | 0.82 | 1.00 | 0.23 | 1.00 | 0.23 | 0.20 | 3 | 4 | -0.25 | -0.02 | 86.87 | 83.00 | 9/25/2026 | No | 9 | 61 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.55 | 0.70 | 0.23 | 1.00 | 0.23 | 0.27 | 10 | 8 | -0.25 | -0.02 | 43.79 | 42.00 | 9/18/2026 | No | 11 | 69 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.40 | 0.50 | 0.22 | 1.00 | 0.22 | 0.26 | 8 | 7 | -0.29 | -0.01 | 29.30 | 28.00 | 9/18/2026 | Yes | 9 | 50 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.28 | 0.11 | 0.50 | 0.22 | 0.35 | 7 | 1 | -0.21 | -0.01 | 14.00 | 13.00 | 9/25/2026 | No | 9 | 48 | None | |
| CVX | Chevron Corp | Options Chain | 2.48 | 3.15 | 0.94 | 5.00 | 0.19 | 0.26 | 4 | 7 | -0.26 | -0.06 | 194.91 | 185.00 | 9/25/2026 | No | 13 | 77 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.05 | 1.25 | 0.47 | 2.50 | 0.19 | 0.43 | 115 | 58 | -0.22 | -0.03 | 62.65 | 57.50 | 9/18/2026 | No | 7 | 53 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.90 | 0.47 | 2.50 | 0.19 | 0.24 | 6 | 259 | -0.27 | -0.01 | 51.86 | 50.00 | 9/18/2026 | No | 11 | 67 | None | |
| CLX | Clorox Company | Options Chain | 1.30 | 1.65 | 0.90 | 5.00 | 0.18 | 0.30 | 108 | 279 | -0.22 | -0.03 | 107.70 | 100.00 | 9/18/2026 | No | 10 | 54 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.69 | 0.90 | 0.18 | 1.00 | 0.18 | 0.22 | 12 | 40 | -0.26 | -0.02 | 63.86 | 61.00 | 9/25/2026 | No | 12 | 74 | None | |
| FAST | Fastenal Company | Options Chain | 0.70 | 1.00 | 0.42 | 2.50 | 0.17 | 0.25 | 45 | 2 | -0.25 | -0.02 | 52.15 | 50.00 | 9/18/2026 | No | 12 | 53 | None | |
| EIX | Edison International | Options Chain | 1.30 | 1.60 | 0.80 | 5.00 | 0.16 | 0.41 | 700 | 99 | -0.23 | -0.05 | 67.83 | 65.00 | 9/18/2026 | No | 9 | 66 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.10 | 1.25 | 0.80 | 5.00 | 0.16 | 0.34 | 81 | 80 | -0.25 | -0.04 | 74.83 | 70.00 | 9/18/2026 | Yes | 12 | 56 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.60 | 0.16 | 1.00 | 0.16 | 0.24 | 95 | 76 | -0.25 | -0.02 | 47.03 | 45.00 | 9/25/2026 | No | 10 | 73 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.15 | 0.65 | 0.08 | 0.50 | 0.16 | 0.28 | 1 | 5 | -0.24 | -0.01 | 24.93 | 23.00 | 9/25/2026 | No | 8 | 58 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.34 | 1 | 0 | -0.23 | -0.01 | 27.98 | 26.00 | 9/18/2026 | No | 18 | 62 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.20 | 0.45 | 0.15 | 1.00 | 0.15 | 0.24 | 1 | 0 | -0.24 | -0.01 | 25.23 | 24.00 | 9/18/2026 | No | 16 | 70 | None |