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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C | Citigroup Inc | Options Chain | 1.89 | 2.66 | 0.38 | 1.00 | 0.38 | 0.32 | 0 | 1 | -0.29 | -0.05 | 124.53 | 117.00 | 11/27/2026 | Yes | 17 | 79 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.15 | 1.50 | 0.35 | 1.00 | 0.35 | 0.47 | 0 | 5 | -0.27 | -0.03 | 44.53 | 39.00 | 11/27/2026 | Yes | 19 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.90 | 10.50 | 1.62 | 5.00 | 0.32 | 0.32 | 19 | 19 | -0.28 | -0.23 | 445.12 | 415.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| CVS | CVS Health Corp | Options Chain | 1.89 | 2.39 | 0.32 | 1.00 | 0.32 | 0.36 | 1 | 0 | -0.29 | -0.04 | 87.55 | 84.00 | 11/27/2026 | Yes | 15 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.15 | 7.30 | 1.55 | 5.00 | 0.31 | 0.29 | 10 | 5 | -0.29 | -0.18 | 377.76 | 370.00 | 11/27/2026 | Yes | 13 | 65 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.04 | 1.39 | 0.31 | 1.00 | 0.31 | 0.43 | 0 | 1 | -0.26 | -0.03 | 40.65 | 37.00 | 11/27/2026 | Yes | 10 | 54 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.90 | 2.23 | 0.31 | 1.00 | 0.31 | 0.36 | 0 | 1 | -0.30 | -0.04 | 79.57 | 73.00 | 11/27/2026 | No | 10 | 58 | None | |
| EQNR | Equinor ASA | Options Chain | 0.90 | 1.10 | 0.30 | 1.00 | 0.30 | 0.39 | 3 | 1 | -0.27 | -0.02 | 45.02 | 42.00 | 11/20/2026 | Yes | 13 | 61 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.52 | 3.10 | 1.49 | 5.00 | 0.30 | 0.59 | 7 | 1 | -0.30 | -0.06 | 68.85 | 60.00 | 11/27/2026 | No | 9 | 53 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.79 | 0.99 | 0.29 | 1.00 | 0.29 | 0.37 | 0 | 16 | -0.27 | -0.02 | 35.33 | 33.00 | 11/27/2026 | No | 11 | 52 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.20 | 2.35 | 0.70 | 2.50 | 0.28 | 0.47 | 62 | 31 | -0.27 | -0.07 | 85.89 | 77.50 | 11/20/2026 | Yes | 9 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.05 | 6.00 | 1.38 | 5.00 | 0.28 | 0.49 | 5 | 0 | -0.27 | -0.13 | 176.86 | 160.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 0.85 | 2.03 | 0.26 | 1.00 | 0.26 | 0.22 | 0 | 3 | -0.29 | -0.04 | 90.11 | 88.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 3.80 | 4.15 | 1.24 | 5.00 | 0.25 | 0.55 | 88 | 71 | -0.24 | -0.10 | 143.20 | 120.00 | 11/27/2026 | No | 12 | 69 | None | |
| MS | Morgan Stanley | Options Chain | 2.88 | 3.65 | 1.21 | 5.00 | 0.24 | 0.29 | 1 | 23 | -0.27 | -0.08 | 186.64 | 170.00 | 11/27/2026 | Yes | 11 | 67 | None | |
| WFC | Wells Fargo & Company | Options Chain | 0.95 | 1.41 | 0.24 | 1.00 | 0.24 | 0.26 | 0 | 2 | -0.27 | -0.03 | 83.32 | 75.00 | 11/27/2026 | Yes | 16 | 74 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.28 | 0.12 | 0.50 | 0.24 | 0.37 | 10 | 0 | -0.25 | 0.00 | 12.10 | 11.00 | 11/27/2026 | Yes | 9 | 51 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.30 | 3.50 | 1.17 | 5.00 | 0.23 | 0.29 | 1 | 10 | -0.26 | -0.06 | 172.15 | 165.00 | 11/27/2026 | Yes | 13 | 71 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.35 | 0.85 | 0.22 | 1.00 | 0.22 | 0.35 | 5 | 22 | -0.25 | -0.02 | 37.60 | 34.00 | 11/20/2026 | Yes | 11 | 71 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.15 | 1.30 | 0.50 | 2.50 | 0.20 | 0.33 | 2 | 0 | -0.22 | -0.04 | 84.95 | 77.50 | 11/20/2026 | Yes | 11 | 26 | None | |
| BCS | Barclays plc | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.38 | 2 | 0 | -0.23 | -0.01 | 23.06 | 21.00 | 11/20/2026 | Yes | 18 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.54 | 0.75 | 0.20 | 1.00 | 0.20 | 0.27 | 113 | 30 | -0.24 | -0.02 | 52.73 | 48.00 | 11/27/2026 | Yes | 10 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.49 | 0.70 | 0.20 | 1.00 | 0.20 | 0.28 | 0 | 25 | -0.24 | -0.02 | 42.78 | 41.00 | 11/27/2026 | Yes | 10 | 73 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.34 | 1 | 1 | -0.25 | -0.01 | 27.01 | 25.00 | 11/20/2026 | Yes | 15 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 1.89 | 2.30 | 0.20 | 1.00 | 0.20 | 0.29 | 0 | 1 | -0.29 | -0.05 | 113.08 | 109.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.44 | 0.10 | 0.50 | 0.20 | 0.31 | 4 | 0 | -0.24 | -0.01 | 22.49 | 21.50 | 11/27/2026 | Yes | 15 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.35 | 5.95 | 0.92 | 5.00 | 0.18 | 0.23 | 2 | 6 | -0.29 | -0.14 | 332.01 | 320.00 | 11/27/2026 | Yes | 12 | 80 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.05 | 2.50 | 0.90 | 5.00 | 0.18 | 0.34 | 0 | 9 | -0.22 | -0.08 | 155.82 | 150.00 | 11/20/2026 | Yes | 13 | 72 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.25 | 0.18 | 1.00 | 0.18 | 0.41 | 23 | 30 | -0.27 | -0.01 | 9.71 | 9.00 | 11/20/2026 | Yes | 19 | 59 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.80 | 0.43 | 2.50 | 0.17 | 0.32 | 21 | 0 | -0.25 | -0.02 | 45.92 | 42.50 | 11/20/2026 | Yes | 15 | 81 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.55 | 0.65 | 0.17 | 1.00 | 0.17 | 0.41 | 1 | 0 | -0.23 | -0.02 | 32.83 | 30.00 | 11/20/2026 | Yes | 15 | 68 | None | |
| VTRS | Viatris Inc | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.40 | 0 | 1 | -0.20 | -0.01 | 17.54 | 16.00 | 11/20/2026 | Yes | 6 | 52 | None |