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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp | Options Chain | 1.30 | 1.65 | 0.40 | 1.00 | 0.40 | 0.49 | 2 | 0 | -0.28 | -0.04 | 50.85 | 45.00 | 10/30/2026 | No | 19 | 65 | None | |
| C | Citigroup Inc | Options Chain | 2.76 | 3.10 | 0.36 | 1.00 | 0.36 | 0.32 | 2 | 0 | -0.30 | -0.08 | 132.60 | 127.00 | 10/30/2026 | Yes | 17 | 78 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.48 | 1.74 | 0.35 | 1.00 | 0.35 | 0.32 | 0 | 2 | -0.28 | -0.05 | 83.15 | 79.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| ORCL | Oracle Corp | Options Chain | 5.35 | 5.65 | 0.35 | 1.00 | 0.35 | 0.52 | 7 | 2 | -0.30 | -0.12 | 148.56 | 137.00 | 10/30/2026 | No | 12 | 69 | None | |
| WMT | Walmart Inc | Options Chain | 1.67 | 2.02 | 0.34 | 1.00 | 0.34 | 0.23 | 9 | 3 | -0.30 | -0.05 | 110.05 | 107.00 | 10/30/2026 | No | 9 | 59 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.90 | 2.40 | 0.31 | 1.00 | 0.31 | 0.49 | 1 | 0 | -0.30 | -0.05 | 74.35 | 67.00 | 10/30/2026 | Yes | 10 | 59 | None | |
| CRM | Salesforce Inc | Options Chain | 5.85 | 6.20 | 1.53 | 5.00 | 0.31 | 0.41 | 20 | 19 | -0.29 | -0.16 | 233.00 | 225.00 | 10/30/2026 | No | 11 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.15 | 3.15 | 0.75 | 2.50 | 0.30 | 0.30 | 5 | 5 | -0.26 | -0.06 | 158.80 | 152.50 | 10/30/2026 | Yes | 13 | 74 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.40 | 8.75 | 1.43 | 5.00 | 0.29 | 0.33 | 16 | 96 | -0.27 | -0.24 | 452.00 | 425.00 | 10/30/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| DOW | Dow Inc | Options Chain | 0.71 | 0.84 | 0.27 | 1.00 | 0.27 | 0.43 | 17 | 0 | -0.29 | -0.02 | 28.39 | 27.00 | 10/30/2026 | Yes | 8 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.86 | 1.09 | 0.26 | 1.00 | 0.26 | 0.22 | 2 | 10 | -0.25 | -0.04 | 88.63 | 85.00 | 10/30/2026 | Yes | 12 | 67 | None | |
| COP | Conoco Phillips | Options Chain | 1.86 | 2.59 | 0.26 | 1.00 | 0.26 | 0.32 | 0 | 2 | -0.28 | -0.07 | 125.27 | 122.00 | 10/30/2026 | No | 12 | 77 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.89 | 1.02 | 0.26 | 1.00 | 0.26 | 0.27 | 17 | 29 | -0.29 | -0.03 | 56.20 | 54.00 | 10/30/2026 | Yes | 10 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.95 | 5.50 | 1.25 | 5.00 | 0.25 | 0.51 | 17 | 9 | -0.25 | -0.15 | 198.23 | 180.00 | 10/30/2026 | No | 12 | 70 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.70 | 0.82 | 0.25 | 1.00 | 0.25 | 0.44 | 46 | 15 | -0.24 | -0.03 | 36.10 | 33.00 | 10/30/2026 | Yes | 13 | 61 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.86 | 1.16 | 0.25 | 1.00 | 0.25 | 0.32 | 3 | 14 | -0.26 | -0.03 | 62.25 | 58.00 | 10/30/2026 | Yes | 11 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.55 | 7.00 | 1.23 | 5.00 | 0.25 | 0.38 | 28 | 2 | -0.27 | -0.25 | 372.95 | 345.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.45 | 0.52 | 0.24 | 1.00 | 0.24 | 0.39 | 1 | 7 | -0.22 | -0.01 | 22.42 | 21.00 | 10/30/2026 | Yes | 15 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 0.62 | 0.74 | 0.24 | 1.00 | 0.24 | 0.30 | 0 | 10 | -0.28 | -0.02 | 39.40 | 37.00 | 10/30/2026 | No | 11 | 50 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.50 | 2.92 | 1.11 | 5.00 | 0.22 | 0.23 | 40 | 29 | -0.27 | -0.10 | 251.35 | 230.00 | 10/30/2026 | No | 9 | 59 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.84 | 1.04 | 0.22 | 1.00 | 0.22 | 0.28 | 1 | 1 | -0.28 | -0.02 | 59.44 | 56.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| EQT | EQT Corp | Options Chain | 0.75 | 0.93 | 0.22 | 1.00 | 0.22 | 0.32 | 5 | 0 | -0.29 | -0.03 | 51.07 | 49.00 | 10/30/2026 | Yes | 15 | 69 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.36 | 0.56 | 0.11 | 0.50 | 0.22 | 0.29 | 102 | 5 | -0.30 | -0.02 | 24.00 | 23.00 | 10/30/2026 | No | 7 | 57 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.61 | 0.69 | 0.19 | 1.00 | 0.19 | 0.30 | 1 | 4 | -0.29 | -0.01 | 46.60 | 44.00 | 10/30/2026 | No | 9 | 73 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.23 | 0.09 | 0.50 | 0.18 | 0.38 | 51 | 3 | -0.23 | -0.01 | 13.10 | 12.00 | 10/30/2026 | Yes | 9 | 51 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.72 | 1.33 | 0.17 | 1.00 | 0.17 | 0.36 | 0 | 1 | -0.30 | -0.03 | 46.96 | 46.00 | 10/30/2026 | No | 10 | 57 | None | |
| T | AT&T Inc | Options Chain | 0.28 | 0.42 | 0.08 | 0.50 | 0.16 | 0.32 | 2 | 20 | -0.27 | -0.01 | 25.10 | 23.50 | 10/30/2026 | Yes | 14 | 67 | None |