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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HRL | Hormel Foods Corp | Options Chain | 0.35 | 1.55 | 0.67 | 1.00 | 0.67 | 0.31 | 6 | 3 | -0.29 | -0.01 | 23.09 | 22.00 | 1/16/2026 | Yes | 12 | 56 | None | |
| ODFL | Old Dominion Freight Line Inc | Options Chain | 2.55 | 3.60 | 1.83 | 5.00 | 0.37 | 0.38 | 146 | 12 | -0.24 | -0.08 | 150.94 | 140.00 | 1/16/2026 | No | 11 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 8.55 | 8.90 | 1.60 | 5.00 | 0.32 | 0.59 | 206 | 97 | -0.29 | -0.18 | 207.73 | 190.00 | 1/16/2026 | Yes | 8 | 62 | None | |
| AMGN | AMGEN Inc | Options Chain | 4.65 | 5.50 | 1.56 | 5.00 | 0.31 | 0.25 | 1974 | 35 | -0.26 | -0.14 | 340.18 | 330.00 | 1/16/2026 | No | 11 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.50 | 12.70 | 2.85 | 10.00 | 0.29 | 0.51 | 186 | 168 | -0.28 | -0.28 | 382.01 | 350.00 | 1/16/2026 | Yes | 8 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.11 | 1.18 | 0.28 | 1.00 | 0.28 | 0.38 | 422 | 399 | -0.28 | -0.03 | 42.97 | 42.00 | 1/16/2026 | No | 11 | 60 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 3.85 | 4.10 | 1.36 | 5.00 | 0.27 | 0.43 | 110 | 322 | -0.29 | -0.09 | 135.95 | 125.00 | 1/16/2026 | No | 17 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 1.08 | 1.67 | 0.27 | 1.00 | 0.27 | 0.47 | 8 | 102 | -0.28 | -0.03 | 41.72 | 41.00 | 1/16/2026 | No | 16 | 55 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.75 | 0.27 | 1.00 | 0.27 | 0.40 | 217 | 31 | -0.30 | -0.02 | 24.39 | 23.00 | 1/16/2026 | No | 16 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.70 | 8.15 | 2.63 | 10.00 | 0.26 | 0.35 | 629 | 655 | -0.29 | -0.15 | 339.71 | 320.00 | 1/16/2026 | Yes | 12 | 67 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.45 | 5.90 | 1.28 | 5.00 | 0.26 | 0.28 | 40 | 167 | -0.29 | -0.14 | 301.78 | 290.00 | 1/16/2026 | No | 10 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.80 | 1.94 | 0.62 | 2.50 | 0.25 | 0.44 | 382 | 570 | -0.28 | -0.04 | 65.14 | 62.50 | 1/16/2026 | Yes | 12 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.35 | 3.60 | 1.18 | 5.00 | 0.24 | 0.32 | 338 | 745 | -0.28 | -0.08 | 175.07 | 165.00 | 1/16/2026 | No | 12 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.57 | 1.63 | 0.58 | 2.50 | 0.23 | 0.45 | 1026 | 818 | -0.25 | -0.05 | 65.65 | 60.00 | 1/16/2026 | Yes | 7 | 57 | None | |
| COP | Conoco Phillips | Options Chain | 1.52 | 1.63 | 0.58 | 2.50 | 0.23 | 0.28 | 15 | 39 | -0.27 | -0.04 | 89.29 | 87.50 | 1/16/2026 | No | 9 | 76 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.71 | 0.76 | 0.23 | 1.00 | 0.23 | 0.26 | 3623 | 294 | -0.25 | -0.01 | 48.50 | 48.00 | 1/16/2026 | No | 13 | 60 | None | |
| HAL | Halliburton Company | Options Chain | 0.57 | 0.61 | 0.23 | 1.00 | 0.23 | 0.33 | 45 | 35 | -0.29 | -0.02 | 26.91 | 26.00 | 1/16/2026 | No | 9 | 65 | None | |
| EQT | EQT Corp | Options Chain | 1.22 | 1.34 | 0.57 | 2.50 | 0.23 | 0.35 | 112 | 268 | -0.26 | -0.03 | 58.60 | 57.50 | 1/16/2026 | No | 10 | 68 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.67 | 1.74 | 0.55 | 2.50 | 0.22 | 0.30 | 104 | 134 | -0.27 | -0.04 | 89.35 | 85.00 | 1/16/2026 | No | 11 | 75 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.53 | 0.62 | 0.22 | 1.00 | 0.22 | 0.49 | 61 | 0 | -0.24 | -0.01 | 21.92 | 20.00 | 1/16/2026 | Yes | 13 | 59 | None | |
| STM | ST Microelectronics | Options Chain | 0.55 | 0.65 | 0.22 | 1.00 | 0.22 | 0.39 | 343 | 78 | -0.27 | -0.01 | 25.81 | 24.00 | 1/16/2026 | No | 13 | 52 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.52 | 0.55 | 0.22 | 1.00 | 0.22 | 0.20 | 182 | 413 | -0.28 | -0.01 | 40.67 | 39.00 | 1/16/2026 | No | 15 | 64 | None | |
| NUE | Nucor Corp | Options Chain | 2.55 | 3.30 | 1.08 | 5.00 | 0.22 | 0.32 | 73 | 81 | -0.25 | -0.08 | 164.71 | 155.00 | 1/16/2026 | No | 14 | 68 | None | |
| MS | Morgan Stanley | Options Chain | 3.15 | 3.35 | 1.06 | 5.00 | 0.21 | 0.30 | 68 | 65 | -0.27 | -0.08 | 173.72 | 165.00 | 1/16/2026 | Yes | 14 | 75 | None | |
| MCHP | Microchip Technology Inc | Options Chain | 1.40 | 1.65 | 0.53 | 2.50 | 0.21 | 0.48 | 121 | 129 | -0.23 | -0.05 | 63.61 | 57.50 | 1/16/2026 | No | 4 | 52 | None | |
| NVO | Novo Nordisk | Options Chain | 1.34 | 1.38 | 1.05 | 5.00 | 0.21 | 0.40 | 289 | 258 | -0.30 | -0.03 | 47.57 | 45.00 | 1/16/2026 | No | 14 | 65 | None | |
| SYF | Synchrony Financial | Options Chain | 1.55 | 1.75 | 0.52 | 2.50 | 0.21 | 0.33 | 18 | 1 | -0.27 | -0.04 | 79.15 | 75.00 | 1/16/2026 | No | 16 | 71 | None | |
| KR | Kroger Company | Options Chain | 1.12 | 1.30 | 0.51 | 2.50 | 0.20 | 0.32 | 44 | 1222 | -0.28 | -0.04 | 66.20 | 62.50 | 1/16/2026 | Yes | 14 | 59 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.55 | 4.90 | 1.00 | 5.00 | 0.20 | 0.27 | 139 | 121 | -0.25 | -0.11 | 312.13 | 295.00 | 1/16/2026 | No | 11 | 79 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.34 | 0.20 | 1.00 | 0.20 | 0.24 | 1799 | 2865 | -0.25 | -0.01 | 25.32 | 24.00 | 1/16/2026 | No | 14 | 66 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.25 | 0.45 | 0.20 | 1.00 | 0.20 | 0.32 | 181 | 54 | -0.26 | -0.01 | 17.57 | 17.00 | 1/16/2026 | No | 15 | 65 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 4.30 | 4.70 | 1.95 | 10.00 | 0.20 | 0.38 | 32 | 82 | -0.24 | -0.11 | 209.42 | 210.00 | 1/16/2026 | No | 13 | 71 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.95 | 1.03 | 0.48 | 2.50 | 0.19 | 0.26 | 34 | 0 | -0.23 | -0.03 | 84.95 | 80.00 | 1/16/2026 | No | 6 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.30 | 5.60 | 1.90 | 10.00 | 0.19 | 0.39 | 197 | 734 | -0.22 | -0.15 | 295.45 | 270.00 | 1/16/2026 | Yes | 22 | 75 |
Dividend Stock List |
|
| C | Citigroup Inc | Options Chain | 1.76 | 1.92 | 0.47 | 2.50 | 0.19 | 0.32 | 300 | 123 | -0.25 | -0.05 | 103.34 | 100.00 | 1/16/2026 | No | 16 | 83 | None | |
| HD | Home Depot Inc | Options Chain | 4.15 | 5.00 | 0.93 | 5.00 | 0.19 | 0.24 | 52 | 63 | -0.26 | -0.11 | 354.03 | 340.00 | 1/16/2026 | No | 7 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.50 | 7.70 | 0.92 | 5.00 | 0.18 | 0.25 | 1048 | 359 | -0.27 | -0.20 | 477.73 | 460.00 | 1/16/2026 | No | 14 | 69 | None | |
| TGT | Target Corp | Options Chain | 1.54 | 1.62 | 0.91 | 5.00 | 0.18 | 0.33 | 1018 | 184 | -0.25 | -0.05 | 90.92 | 85.00 | 1/16/2026 | No | 12 | 66 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.70 | 0.74 | 0.45 | 2.50 | 0.18 | 0.30 | 200 | 536 | -0.26 | -0.02 | 42.45 | 40.00 | 1/16/2026 | No | 7 | 63 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.26 | 3 | 59 | -0.29 | -0.01 | 28.33 | 27.00 | 1/16/2026 | No | 10 | 60 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.80 | 0.85 | 0.43 | 2.50 | 0.17 | 0.26 | 17 | 8 | -0.25 | -0.03 | 56.30 | 55.00 | 1/16/2026 | No | 12 | 62 | None | |
| WMT | Walmart Inc | Options Chain | 1.34 | 1.41 | 0.84 | 5.00 | 0.17 | 0.21 | 3481 | 1436 | -0.26 | -0.03 | 114.41 | 110.00 | 1/16/2026 | No | 9 | 59 | None | |
| GM | General Motors Company | Options Chain | 1.05 | 1.12 | 0.41 | 2.50 | 0.16 | 0.29 | 78 | 42 | -0.24 | -0.03 | 73.66 | 70.00 | 1/16/2026 | No | 11 | 70 | None | |
| SLB | SLB | Options Chain | 0.61 | 0.66 | 0.40 | 2.50 | 0.16 | 0.33 | 616 | 805 | -0.24 | -0.02 | 37.55 | 35.00 | 1/16/2026 | Yes | 12 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.63 | 0.65 | 0.16 | 1.00 | 0.16 | 0.29 | 3235 | 86 | -0.22 | -0.02 | 53.24 | 50.00 | 1/16/2026 | Yes | 12 | 74 | None | |
| CRH | CRH Plc | Options Chain | 1.95 | 2.50 | 0.78 | 5.00 | 0.16 | 0.31 | 0 | 7 | -0.28 | -0.07 | 118.61 | 115.00 | 1/16/2026 | No | 12 | 68 | None | |
| DG | Dollar General Corp | Options Chain | 1.64 | 2.47 | 0.76 | 5.00 | 0.15 | 0.39 | 3286 | 750 | -0.22 | -0.05 | 110.03 | 100.00 | 1/16/2026 | Yes | 13 | 63 | None | |
| EIX | Edison International | Options Chain | 0.65 | 0.90 | 0.38 | 2.50 | 0.15 | 0.31 | 16 | 33 | -0.21 | -0.02 | 57.14 | 52.50 | 1/16/2026 | No | 14 | 69 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.65 | 0.90 | 0.38 | 2.50 | 0.15 | 0.27 | 19 | 11 | -0.24 | -0.02 | 54.65 | 52.50 | 1/16/2026 | Yes | 16 | 82 | None |