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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCG | PG&E Corp | Options Chain | 0.43 | 0.74 | 0.33 | 0.50 | 0.66 | 0.62 | 1 | 1 | -0.28 | -0.01 | 13.23 | 12.00 | 12/24/2026 | No | 12 | 63 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.08 | 1.39 | 0.40 | 1.00 | 0.40 | 0.47 | 10 | 9 | -0.28 | -0.02 | 38.67 | 35.00 | 12/24/2026 | Yes | 13 | 59 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.06 | 1.54 | 0.38 | 1.00 | 0.38 | 0.34 | 0 | 3 | -0.29 | -0.02 | 56.86 | 54.00 | 12/24/2026 | No | 10 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.75 | 12.15 | 1.82 | 5.00 | 0.36 | 0.39 | 16 | 12 | -0.30 | -0.23 | 402.65 | 390.00 | 12/24/2026 | No | 20 | 62 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 6.35 | 6.65 | 0.35 | 1.00 | 0.35 | 0.69 | 6 | 3 | -0.30 | -0.13 | 117.98 | 117.00 | 12/24/2026 | Yes | 12 | 73 | None | |
| LRCX | Lam Research Corp | Options Chain | 8.80 | 11.45 | 1.73 | 5.00 | 0.35 | 0.62 | 2 | 0 | -0.29 | -0.21 | 227.50 | 215.00 | 12/24/2026 | No | 17 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.00 | 9.70 | 1.52 | 5.00 | 0.30 | 0.29 | 37 | 111 | -0.28 | -0.23 | 533.16 | 495.00 | 12/24/2026 | No | 14 | 74 | None | |
| KO | Coca-Cola Company | Options Chain | 1.17 | 1.44 | 0.30 | 1.00 | 0.30 | 0.21 | 31 | 3 | -0.29 | -0.03 | 98.00 | 94.00 | 12/24/2026 | No | 9 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.40 | 8.90 | 1.47 | 5.00 | 0.29 | 0.33 | 3 | 10 | -0.28 | -0.17 | 402.94 | 380.00 | 12/24/2026 | No | 13 | 65 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.65 | 0.28 | 1.00 | 0.28 | 0.40 | 4 | 10 | -0.29 | -0.01 | 21.72 | 21.00 | 12/18/2026 | No | 13 | 67 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 7.00 | 9.40 | 2.80 | 10.00 | 0.28 | 0.49 | 96 | 27 | -0.29 | -0.19 | 261.56 | 250.00 | 12/18/2026 | No | 10 | 67 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.90 | 6.30 | 1.32 | 5.00 | 0.26 | 0.50 | 9 | 2 | -0.26 | -0.11 | 173.53 | 160.00 | 12/24/2026 | No | 10 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 0.67 | 0.87 | 0.26 | 1.00 | 0.26 | 0.31 | 1 | 5 | -0.28 | -0.02 | 40.70 | 39.00 | 12/24/2026 | No | 11 | 48 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.54 | 0.99 | 0.25 | 1.00 | 0.25 | 0.24 | 3 | 5 | -0.30 | -0.02 | 46.23 | 45.00 | 12/24/2026 | No | 10 | 73 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.20 | 4.15 | 1.23 | 5.00 | 0.25 | 0.21 | 10 | 56 | -0.29 | -0.07 | 282.17 | 265.00 | 12/24/2026 | No | 12 | 68 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.10 | 3.95 | 1.11 | 5.00 | 0.22 | 0.25 | 1 | 6 | -0.25 | -0.09 | 281.49 | 265.00 | 12/24/2026 | No | 9 | 66 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.35 | 0.75 | 0.22 | 1.00 | 0.22 | 0.43 | 92 | 0 | -0.22 | -0.01 | 28.77 | 26.00 | 12/18/2026 | No | 6 | 58 | None | |
| SYF | Synchrony Financial | Options Chain | 1.15 | 1.40 | 0.53 | 2.50 | 0.21 | 0.36 | 2 | 15 | -0.24 | -0.04 | 71.81 | 67.50 | 12/18/2026 | No | 10 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 4.95 | 1.03 | 5.00 | 0.21 | 0.23 | 1 | 3 | -0.27 | -0.14 | 343.65 | 330.00 | 12/24/2026 | No | 9 | 79 | None | |
| RF | Regions Financial Corp | Options Chain | 0.15 | 0.65 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 5 | -0.25 | -0.01 | 28.70 | 27.00 | 12/18/2026 | No | 12 | 60 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.19 | 2.42 | 0.91 | 5.00 | 0.18 | 0.29 | 48 | 132 | -0.23 | -0.05 | 164.26 | 155.00 | 12/24/2026 | No | 13 | 74 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.33 | 0.53 | 0.17 | 1.00 | 0.17 | 0.26 | 8 | 5 | -0.26 | -0.01 | 31.77 | 30.00 | 12/24/2026 | No | 10 | 59 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.60 | 0.75 | 0.40 | 2.50 | 0.16 | 0.26 | 6 | 12 | -0.22 | -0.01 | 50.26 | 47.50 | 12/18/2026 | No | 10 | 66 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.78 | 1.22 | 0.15 | 1.00 | 0.15 | 0.27 | 86 | 0 | -0.27 | -0.03 | 60.70 | 58.00 | 12/24/2026 | No | 12 | 74 | None |