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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.73 | 0.74 | 0.36 | 1.00 | 0.36 | 0.49 | 2576 | 22 | -0.29 | -0.01 | 21.45 | 20.00 | 1/16/2026 | Yes | 13 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 9.20 | 9.70 | 1.70 | 5.00 | 0.34 | 0.59 | 101 | 67 | -0.30 | -0.16 | 200.60 | 185.00 | 1/16/2026 | Yes | 9 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.40 | 14.80 | 2.87 | 10.00 | 0.29 | 0.51 | 449 | 171 | -0.28 | -0.28 | 397.45 | 370.00 | 1/16/2026 | Yes | 8 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.50 | 9.05 | 2.83 | 10.00 | 0.28 | 0.36 | 140 | 146 | -0.30 | -0.15 | 331.49 | 310.00 | 1/16/2026 | Yes | 12 | 67 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 5.20 | 5.60 | 1.40 | 5.00 | 0.28 | 0.35 | 0 | 9 | -0.30 | -0.09 | 207.82 | 195.00 | 1/16/2026 | No | 14 | 72 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.14 | 2.39 | 0.70 | 2.50 | 0.28 | 0.46 | 139 | 55 | -0.30 | -0.04 | 64.29 | 60.00 | 1/16/2026 | Yes | 12 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.91 | 2.00 | 0.68 | 2.50 | 0.27 | 0.42 | 44 | 71 | -0.30 | -0.03 | 64.49 | 60.00 | 1/16/2026 | Yes | 8 | 55 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.16 | 1.24 | 0.27 | 1.00 | 0.27 | 0.35 | 38 | 72 | -0.29 | -0.02 | 49.34 | 46.00 | 1/16/2026 | No | 13 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.85 | 8.05 | 1.25 | 5.00 | 0.25 | 0.23 | 116 | 113 | -0.27 | -0.18 | 486.75 | 475.00 | 1/16/2026 | No | 14 | 69 | None | |
| EXC | Exelon Corp | Options Chain | 0.40 | 0.65 | 0.25 | 1.00 | 0.25 | 0.20 | 43 | 1 | -0.25 | -0.01 | 46.85 | 45.00 | 1/16/2026 | No | 11 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.02 | 1.08 | 0.25 | 1.00 | 0.25 | 0.38 | 59 | 393 | -0.27 | -0.02 | 42.15 | 40.00 | 1/16/2026 | No | 11 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.00 | 7.40 | 2.42 | 10.00 | 0.24 | 0.39 | 1202 | 52 | -0.27 | -0.17 | 291.35 | 270.00 | 1/16/2026 | Yes | 22 | 75 |
Dividend Stock List |
|
| BKR | Baker Hughes Co - Class A | Options Chain | 0.80 | 1.05 | 0.23 | 1.00 | 0.23 | 0.31 | 0 | 1 | -0.25 | -0.02 | 49.32 | 47.00 | 1/16/2026 | No | 14 | 66 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.70 | 0.85 | 0.23 | 1.00 | 0.23 | 0.27 | 0 | 4 | -0.28 | -0.01 | 43.34 | 41.00 | 1/16/2026 | No | 11 | 73 | None | |
| SCCO | Southern Copper Corporation | Options Chain | 2.65 | 3.30 | 1.15 | 5.00 | 0.23 | 0.38 | 3 | 1 | -0.25 | -0.08 | 133.20 | 125.00 | 1/16/2026 | No | 11 | 64 | None | |
| GM | General Motors Company | Options Chain | 1.42 | 1.47 | 0.57 | 2.50 | 0.23 | 0.28 | 347 | 62 | -0.30 | -0.03 | 72.95 | 70.00 | 1/16/2026 | No | 12 | 70 | None | |
| C | Citigroup Inc | Options Chain | 2.09 | 2.20 | 0.55 | 2.50 | 0.22 | 0.32 | 127 | 71 | -0.27 | -0.05 | 102.60 | 97.50 | 1/16/2026 | Yes | 16 | 83 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.95 | 1.10 | 0.53 | 2.50 | 0.21 | 0.26 | 3 | 0 | -0.29 | -0.02 | 54.62 | 52.50 | 1/16/2026 | No | 12 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.05 | 5.35 | 1.02 | 5.00 | 0.20 | 0.28 | 80 | 95 | -0.25 | -0.10 | 307.95 | 295.00 | 1/16/2026 | Yes | 11 | 79 | None | |
| TGT | Target Corp | Options Chain | 1.79 | 1.90 | 0.99 | 5.00 | 0.20 | 0.33 | 181 | 293 | -0.27 | -0.05 | 89.87 | 85.00 | 1/16/2026 | No | 12 | 65 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.95 | 2.60 | 0.98 | 5.00 | 0.20 | 0.54 | 10 | 39 | -0.22 | -0.05 | 89.17 | 75.00 | 1/16/2026 | No | 18 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.90 | 3.05 | 0.96 | 5.00 | 0.19 | 0.34 | 111 | 267 | -0.23 | -0.06 | 165.39 | 155.00 | 1/16/2026 | No | 12 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.43 | 1.52 | 0.48 | 2.50 | 0.19 | 0.32 | 98 | 111 | -0.24 | -0.04 | 85.61 | 80.00 | 1/16/2026 | Yes | 11 | 74 | None | |
| V | Visa Inc - Class A | Options Chain | 4.00 | 4.25 | 0.95 | 5.00 | 0.19 | 0.21 | 29 | 19 | -0.26 | -0.12 | 334.30 | 320.00 | 1/16/2026 | No | 10 | 69 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.95 | 1.05 | 0.47 | 2.50 | 0.19 | 0.27 | 28 | 18 | -0.29 | -0.03 | 60.55 | 57.50 | 1/16/2026 | No | 14 | 53 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.20 | 3.45 | 0.93 | 5.00 | 0.19 | 0.18 | 18 | 145 | -0.27 | -0.07 | 312.07 | 300.00 | 1/16/2026 | No | 11 | 65 | None | |
| AZN | Astrazeneca plc | Options Chain | 0.91 | 1.03 | 0.46 | 2.50 | 0.18 | 0.23 | 0 | 1 | -0.21 | -0.03 | 93.48 | 87.50 | 1/16/2026 | No | 11 | 67 | None | |
| MET | Metlife Inc | Options Chain | 1.00 | 1.10 | 0.45 | 2.50 | 0.18 | 0.25 | 1 | 0 | -0.24 | -0.03 | 76.30 | 72.50 | 1/16/2026 | No | 18 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.75 | 0.83 | 0.18 | 1.00 | 0.18 | 0.28 | 225 | 135 | -0.24 | -0.02 | 53.04 | 50.00 | 1/16/2026 | Yes | 12 | 74 | None | |
| COP | Conoco Phillips | Options Chain | 1.14 | 1.20 | 0.44 | 2.50 | 0.18 | 0.28 | 53 | 5 | -0.22 | -0.04 | 88.00 | 82.50 | 1/16/2026 | No | 9 | 76 | None | |
| HPQ | HP Inc | Options Chain | 0.36 | 0.39 | 0.17 | 1.00 | 0.17 | 0.34 | 6 | 7 | -0.19 | -0.01 | 23.96 | 22.00 | 1/16/2026 | No | 13 | 50 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.40 | 0.46 | 0.17 | 1.00 | 0.17 | 0.20 | 50 | 91 | -0.24 | -0.01 | 40.90 | 39.00 | 1/16/2026 | No | 15 | 71 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.85 | 0.90 | 0.40 | 2.50 | 0.16 | 0.23 | 214 | 128 | -0.24 | -0.02 | 76.09 | 72.50 | 1/16/2026 | No | 9 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.54 | 0.58 | 0.39 | 2.50 | 0.16 | 0.32 | 243 | 1 | -0.27 | -0.01 | 26.58 | 25.00 | 1/16/2026 | No | 14 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 1.00 | 1.06 | 0.76 | 5.00 | 0.15 | 0.40 | 545 | 241 | -0.22 | -0.03 | 48.70 | 45.00 | 1/16/2026 | No | 14 | 65 | None |