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 | 2.13 | 3.65 | 0.58 | 1.00 | 0.58 | 0.68 | 0 | 8 | -0.29 | -0.06 | 58.63 | 51.00 | 11/27/2026 | No | 12 | 58 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.23 | 1.62 | 0.44 | 1.00 | 0.44 | 0.44 | 1 | 0 | -0.30 | -0.03 | 40.83 | 38.00 | 11/27/2026 | Yes | 12 | 61 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.99 | 2.42 | 0.42 | 1.00 | 0.42 | 0.46 | 8 | 1 | -0.28 | -0.06 | 70.06 | 65.00 | 11/27/2026 | Yes | 10 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.27 | 1.62 | 0.40 | 1.00 | 0.40 | 0.25 | 2 | 0 | -0.28 | -0.03 | 82.75 | 80.00 | 11/27/2026 | No | 15 | 74 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 1.05 | 0.40 | 1.00 | 0.40 | 0.19 | 0 | 1 | -0.30 | 0.00 | 35.57 | 35.00 | 11/27/2026 | Yes | 9 | 58 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.05 | 1.70 | 0.38 | 1.00 | 0.38 | 0.46 | 0 | 5 | -0.28 | -0.03 | 43.77 | 41.00 | 11/27/2026 | Yes | 19 | 67 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.26 | 0.47 | 0.18 | 0.50 | 0.36 | 0.31 | 12 | 0 | -0.24 | -0.01 | 23.28 | 22.00 | 11/27/2026 | Yes | 7 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 4.95 | 5.20 | 0.35 | 1.00 | 0.35 | 0.55 | 54 | 0 | -0.29 | -0.11 | 134.47 | 120.00 | 11/27/2026 | No | 7 | 62 | None | |
| WMT | Walmart Inc | Options Chain | 2.23 | 2.62 | 0.34 | 1.00 | 0.34 | 0.28 | 0 | 1 | -0.30 | -0.06 | 117.87 | 114.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| C | Citigroup Inc | Options Chain | 2.18 | 3.15 | 0.33 | 1.00 | 0.33 | 0.28 | 0 | 1 | -0.30 | -0.05 | 123.21 | 119.00 | 11/27/2026 | No | 17 | 78 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.50 | 5.40 | 1.50 | 5.00 | 0.30 | 0.50 | 2 | 23 | -0.25 | -0.13 | 178.40 | 160.00 | 11/27/2026 | Yes | 10 | 63 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.59 | 0.74 | 0.30 | 1.00 | 0.30 | 0.38 | 5 | 17 | -0.30 | -0.01 | 21.77 | 21.00 | 11/27/2026 | Yes | 11 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.40 | 0.54 | 0.15 | 0.50 | 0.30 | 0.29 | 10 | 1 | -0.27 | -0.01 | 23.50 | 22.50 | 11/27/2026 | Yes | 11 | 60 | None | |
| TGT | Target Corp | Options Chain | 4.05 | 4.40 | 1.47 | 5.00 | 0.29 | 0.39 | 1 | 0 | -0.27 | -0.09 | 156.63 | 145.00 | 11/27/2026 | Yes | 15 | 72 | None | |
| CRM | Salesforce Inc | Options Chain | 5.50 | 7.70 | 1.47 | 5.00 | 0.29 | 0.40 | 7 | 13 | -0.28 | -0.15 | 246.74 | 225.00 | 11/27/2026 | No | 15 | 70 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.70 | 4.15 | 1.45 | 5.00 | 0.29 | 0.24 | 9 | 6 | -0.29 | -0.10 | 242.50 | 235.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.45 | 9.15 | 1.45 | 5.00 | 0.29 | 0.30 | 39 | 18 | -0.30 | -0.20 | 406.67 | 385.00 | 11/27/2026 | No | 13 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.85 | 8.40 | 1.40 | 5.00 | 0.28 | 0.31 | 18 | 68 | -0.28 | -0.21 | 422.25 | 395.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 0.76 | 0.85 | 0.27 | 1.00 | 0.27 | 0.37 | 43 | 73 | -0.26 | -0.02 | 37.14 | 35.00 | 11/27/2026 | No | 14 | 60 | None | |
| AA | Alcoa Corp | Options Chain | 1.09 | 1.54 | 0.25 | 1.00 | 0.25 | 0.41 | 12 | 16 | -0.28 | -0.03 | 40.42 | 40.00 | 11/27/2026 | Yes | 17 | 46 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.75 | 0.92 | 0.25 | 1.00 | 0.25 | 0.28 | 1 | 3 | -0.30 | -0.02 | 44.40 | 43.00 | 11/27/2026 | Yes | 8 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 1.20 | 1.38 | 0.24 | 1.00 | 0.24 | 0.21 | 3 | 2 | -0.27 | -0.03 | 92.00 | 90.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| PCG | PG&E Corp | Options Chain | 0.31 | 0.44 | 0.12 | 0.50 | 0.24 | 0.42 | 0 | 4 | -0.27 | -0.01 | 12.96 | 12.00 | 11/27/2026 | Yes | 13 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.80 | 5.15 | 1.16 | 5.00 | 0.23 | 0.22 | 21 | 143 | -0.25 | -0.13 | 335.53 | 325.00 | 11/27/2026 | No | 10 | 80 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.74 | 2.46 | 0.23 | 1.00 | 0.23 | 0.37 | 30 | 0 | -0.29 | -0.05 | 78.08 | 73.00 | 11/27/2026 | No | 13 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 0.97 | 0.23 | 1.00 | 0.23 | 0.23 | 28 | 7 | -0.30 | -0.02 | 51.79 | 50.00 | 11/27/2026 | No | 11 | 74 | None | |
| CVX | Chevron Corp | Options Chain | 3.05 | 3.60 | 1.11 | 5.00 | 0.22 | 0.28 | 11 | 0 | -0.25 | -0.08 | 219.32 | 210.00 | 11/27/2026 | Yes | 12 | 76 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.27 | 0.11 | 0.50 | 0.22 | 0.37 | 15 | 26 | -0.23 | 0.00 | 12.31 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.76 | 3.80 | 1.08 | 5.00 | 0.22 | 0.29 | 7 | 1 | -0.25 | -0.06 | 174.68 | 165.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.55 | 0.19 | 1.00 | 0.19 | 0.25 | 1 | 0 | -0.26 | -0.01 | 32.82 | 32.00 | 11/27/2026 | Yes | 9 | 59 | None |