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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.56 | 3.00 | 1.12 | 2.50 | 0.45 | 0.50 | 102 | 10 | -0.30 | -0.05 | 70.79 | 65.00 | 11/20/2026 | Yes | 11 | 58 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 30.45 | 37.65 | 4.02 | 10.00 | 0.40 | 0.39 | 11 | 5 | -0.30 | -0.65 | 1,184.63 | 1,090.00 | 11/20/2026 | Yes | 14 | 71 | None | |
| NTAP | Netapp Inc | Options Chain | 6.80 | 8.20 | 1.80 | 5.00 | 0.36 | 0.46 | 7 | 21 | -0.30 | -0.14 | 209.18 | 195.00 | 11/20/2026 | No | 14 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.20 | 7.80 | 1.62 | 5.00 | 0.32 | 0.52 | 25 | 152 | -0.30 | -0.13 | 184.10 | 170.00 | 11/20/2026 | Yes | 10 | 63 | None | |
| GLW | Corning Inc | Options Chain | 6.70 | 7.20 | 1.57 | 5.00 | 0.31 | 0.60 | 490 | 68 | -0.28 | -0.12 | 158.71 | 140.00 | 11/20/2026 | Yes | 10 | 54 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.65 | 7.05 | 1.55 | 5.00 | 0.31 | 0.41 | 12 | 98 | -0.30 | -0.11 | 220.15 | 205.00 | 11/20/2026 | Yes | 12 | 74 | None | |
| HPQ | HP Inc | Options Chain | 1.09 | 1.18 | 0.31 | 1.00 | 0.31 | 0.48 | 1525 | 1743 | -0.29 | -0.02 | 30.63 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| ORCL | Oracle Corp | Options Chain | 4.90 | 5.15 | 1.53 | 5.00 | 0.31 | 0.52 | 272 | 1917 | -0.28 | -0.09 | 137.79 | 125.00 | 11/20/2026 | No | 8 | 62 | None | |
| TGT | Target Corp | Options Chain | 4.00 | 4.35 | 1.32 | 5.00 | 0.26 | 0.40 | 8 | 13 | -0.27 | -0.07 | 156.43 | 145.00 | 11/20/2026 | Yes | 14 | 72 | None | |
| FNV | Franco-Nevada Corporation | Options Chain | 4.80 | 6.30 | 2.62 | 10.00 | 0.26 | 0.38 | 67 | 5 | -0.26 | -0.13 | 247.94 | 220.00 | 11/20/2026 | Yes | 12 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 11.75 | 12.35 | 1.30 | 5.00 | 0.26 | 0.33 | 683 | 531 | -0.29 | -0.24 | 508.96 | 485.00 | 11/20/2026 | Yes | 13 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.00 | 8.90 | 2.55 | 10.00 | 0.26 | 0.38 | 71 | 96 | -0.25 | -0.19 | 367.08 | 340.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.80 | 6.30 | 1.27 | 5.00 | 0.25 | 0.26 | 15 | 1676 | -0.28 | -0.11 | 334.98 | 315.00 | 11/20/2026 | Yes | 12 | 80 | None | |
| V | Visa Inc - Class A | Options Chain | 6.15 | 6.75 | 1.27 | 5.00 | 0.25 | 0.24 | 15 | 22 | -0.30 | -0.13 | 359.33 | 345.00 | 11/20/2026 | Yes | 10 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.45 | 11.10 | 2.50 | 10.00 | 0.25 | 0.34 | 935 | 97 | -0.28 | -0.23 | 457.65 | 430.00 | 11/20/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 1.11 | 1.14 | 0.62 | 2.50 | 0.25 | 0.47 | 89 | 305 | -0.27 | -0.02 | 35.84 | 32.50 | 11/20/2026 | Yes | 14 | 61 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.55 | 1.70 | 1.20 | 5.00 | 0.24 | 0.30 | 622 | 10 | -0.30 | -0.03 | 67.97 | 65.00 | 11/20/2026 | Yes | 8 | 63 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.35 | 1.80 | 0.60 | 2.50 | 0.24 | 0.44 | 0 | 7 | -0.25 | -0.04 | 58.18 | 52.50 | 11/20/2026 | Yes | 9 | 55 | None | |
| VST | Vistra Corp | Options Chain | 3.45 | 3.85 | 1.16 | 5.00 | 0.23 | 0.46 | 192 | 609 | -0.24 | -0.08 | 142.00 | 125.00 | 11/20/2026 | Yes | 9 | 61 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.00 | 3.25 | 1.16 | 5.00 | 0.23 | 0.24 | 183 | 43 | -0.24 | -0.09 | 233.98 | 220.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| MS | Morgan Stanley | Options Chain | 3.70 | 4.05 | 1.16 | 5.00 | 0.23 | 0.34 | 40 | 61 | -0.26 | -0.08 | 192.76 | 175.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| MDT | Medtronic Plc | Options Chain | 1.10 | 1.69 | 0.58 | 2.50 | 0.23 | 0.31 | 61 | 10 | -0.23 | -0.04 | 87.09 | 80.00 | 11/20/2026 | Yes | 15 | 71 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.90 | 2.21 | 1.14 | 5.00 | 0.23 | 0.62 | 555 | 299 | -0.22 | -0.04 | 61.65 | 55.00 | 11/20/2026 | No | 9 | 54 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.85 | 0.55 | 2.50 | 0.22 | 0.31 | 168 | 39 | -0.28 | -0.01 | 33.82 | 30.00 | 11/20/2026 | No | 6 | 51 | None | |
| PCG | PG&E Corp | Options Chain | 0.25 | 0.48 | 0.22 | 1.00 | 0.22 | 0.49 | 3 | 1 | -0.25 | -0.01 | 12.18 | 11.00 | 11/20/2026 | Yes | 9 | 51 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.30 | 1.55 | 0.53 | 2.50 | 0.21 | 0.30 | 135 | 67 | -0.26 | -0.03 | 80.65 | 75.00 | 11/20/2026 | Yes | 12 | 65 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.86 | 1.18 | 0.52 | 2.50 | 0.21 | 0.27 | 6 | 42 | -0.27 | -0.02 | 58.40 | 55.00 | 11/20/2026 | Yes | 16 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 0.81 | 0.86 | 0.50 | 2.50 | 0.20 | 0.38 | 16 | 9 | -0.25 | -0.02 | 38.31 | 35.00 | 11/20/2026 | Yes | 11 | 50 | None | |
| KO | Coca-Cola Company | Options Chain | 1.04 | 1.19 | 0.50 | 2.50 | 0.20 | 0.22 | 91 | 433 | -0.26 | -0.03 | 87.05 | 82.50 | 11/20/2026 | Yes | 12 | 67 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.40 | 0.20 | 1.00 | 0.20 | 0.28 | 69 | 0 | -0.27 | -0.01 | 20.12 | 19.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| GM | General Motors Company | Options Chain | 1.48 | 1.63 | 0.96 | 5.00 | 0.19 | 0.40 | 30 | 4 | -0.22 | -0.04 | 80.47 | 70.00 | 11/20/2026 | Yes | 9 | 59 | None | |
| SYF | Synchrony Financial | Options Chain | 0.85 | 1.60 | 0.48 | 2.50 | 0.19 | 0.35 | 3 | 0 | -0.22 | -0.03 | 70.97 | 65.00 | 11/20/2026 | Yes | 12 | 66 | None | |
| MET | Metlife Inc | Options Chain | 1.30 | 1.55 | 0.48 | 2.50 | 0.19 | 0.29 | 6 | 17 | -0.25 | -0.03 | 95.20 | 87.50 | 11/20/2026 | Yes | 15 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.29 | 0.30 | 0.19 | 1.00 | 0.19 | 0.40 | 591 | 127 | -0.26 | -0.01 | 12.30 | 11.00 | 11/20/2026 | Yes | 9 | 51 | None | |
| T | AT&T Inc | Options Chain | 0.40 | 0.54 | 0.19 | 1.00 | 0.19 | 0.28 | 47 | 168 | -0.28 | -0.01 | 24.53 | 23.00 | 11/20/2026 | Yes | 11 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.22 | 2.55 | 0.87 | 5.00 | 0.17 | 0.30 | 163 | 82 | -0.23 | -0.05 | 162.75 | 150.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.75 | 0.89 | 0.41 | 2.50 | 0.16 | 0.35 | 41 | 3 | -0.20 | -0.02 | 54.94 | 50.00 | 11/20/2026 | Yes | 10 | 55 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.31 | 0.50 | 0.16 | 1.00 | 0.16 | 0.27 | 7 | 0 | -0.23 | -0.01 | 30.45 | 28.00 | 11/20/2026 | Yes | 8 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.59 | 0.78 | 0.16 | 1.00 | 0.16 | 0.25 | 60 | 102 | -0.24 | -0.01 | 46.10 | 43.00 | 11/20/2026 | Yes | 8 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 1.25 | 1.35 | 0.78 | 5.00 | 0.16 | 0.31 | 415 | 114 | -0.19 | -0.04 | 106.94 | 95.00 | 11/20/2026 | Yes | 8 | 55 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.33 | 1.65 | 0.78 | 5.00 | 0.16 | 0.23 | 211 | 111 | -0.22 | -0.05 | 128.69 | 120.00 | 11/20/2026 | Yes | 13 | 65 | None |