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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NEM | Newmont Corp | Options Chain | 2.46 | 3.25 | 0.57 | 1.00 | 0.57 | 0.42 | 2 | 5 | -0.29 | -0.06 | 99.34 | 95.00 | 1/30/2026 | No | 18 | 70 | None | |
| WMT | Walmart Inc | Options Chain | 1.21 | 1.58 | 0.52 | 1.00 | 0.52 | 0.21 | 21 | 9 | -0.26 | -0.04 | 114.83 | 110.00 | 1/30/2026 | No | 9 | 59 | None | |
| COST | Costco Wholesale Corp | Options Chain | 8.15 | 12.95 | 2.32 | 5.00 | 0.46 | 0.19 | 2 | 9 | -0.28 | -0.28 | 857.59 | 830.00 | 1/30/2026 | Yes | 13 | 59 | None | |
| AA | Alcoa Corp | Options Chain | 1.29 | 1.80 | 0.39 | 1.00 | 0.39 | 0.50 | 4 | 3 | -0.27 | -0.04 | 51.25 | 47.00 | 1/30/2026 | Yes | 11 | 45 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.54 | 2.38 | 0.38 | 1.00 | 0.38 | 0.43 | 0 | 3 | -0.28 | -0.04 | 69.69 | 66.00 | 1/30/2026 | Yes | 11 | 65 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.01 | 1.15 | 0.37 | 1.00 | 0.37 | 0.37 | 6 | 112 | -0.27 | -0.03 | 47.92 | 46.00 | 1/30/2026 | Yes | 11 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.55 | 8.00 | 1.80 | 5.00 | 0.36 | 0.36 | 101 | 37 | -0.30 | -0.17 | 284.68 | 275.00 | 1/30/2026 | Yes | 22 | 69 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 8.00 | 8.95 | 1.75 | 5.00 | 0.35 | 0.38 | 53 | 30 | -0.29 | -0.20 | 328.14 | 310.00 | 1/30/2026 | Yes | 12 | 67 | None | |
| GM | General Motors Company | Options Chain | 1.75 | 2.35 | 0.34 | 1.00 | 0.34 | 0.36 | 8 | 0 | -0.29 | -0.05 | 81.25 | 78.00 | 1/30/2026 | Yes | 9 | 69 | None | |
| ORCL | Oracle Corp | Options Chain | 5.40 | 6.40 | 1.52 | 5.00 | 0.30 | 0.45 | 189 | 134 | -0.30 | -0.13 | 180.03 | 180.00 | 1/30/2026 | No | 10 | 65 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 1.89 | 3.90 | 1.50 | 5.00 | 0.30 | 0.29 | 0 | 1 | -0.23 | -0.08 | 200.27 | 185.00 | 1/30/2026 | No | 10 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.80 | 10.45 | 1.50 | 5.00 | 0.30 | 0.42 | 100 | 42 | -0.30 | -0.22 | 340.36 | 320.00 | 1/30/2026 | No | 12 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.73 | 0.87 | 0.14 | 0.50 | 0.28 | 0.52 | 1 | 1 | -0.28 | -0.02 | 23.04 | 21.50 | 1/30/2026 | Yes | 11 | 55 | None | |
| VST | Vistra Corp | Options Chain | 3.75 | 5.45 | 1.39 | 5.00 | 0.28 | 0.47 | 4 | 3 | -0.27 | -0.11 | 166.17 | 150.00 | 1/30/2026 | No | 7 | 56 | None | |
| HD | Home Depot Inc | Options Chain | 4.75 | 5.60 | 1.33 | 5.00 | 0.27 | 0.22 | 35 | 10 | -0.30 | -0.14 | 354.99 | 335.00 | 1/30/2026 | No | 7 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.15 | 8.80 | 1.30 | 5.00 | 0.26 | 0.27 | 29 | 52 | -0.28 | -0.22 | 483.98 | 465.00 | 1/30/2026 | No | 14 | 69 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.55 | 0.25 | 1.00 | 0.25 | 0.28 | 23 | 11 | -0.30 | -0.01 | 24.26 | 23.00 | 1/30/2026 | Yes | 10 | 59 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.56 | 2.08 | 0.25 | 1.00 | 0.25 | 0.25 | 1 | 0 | -0.30 | -0.05 | 100.69 | 98.00 | 1/30/2026 | No | 10 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 0.84 | 1.08 | 0.25 | 1.00 | 0.25 | 0.20 | 0 | 5 | -0.30 | -0.01 | 58.39 | 56.00 | 1/30/2026 | Yes | 9 | 60 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.90 | 6.35 | 0.60 | 2.50 | 0.24 | 0.52 | 11 | 4 | -0.29 | -0.14 | 164.70 | 160.00 | 1/30/2026 | No | 11 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.87 | 0.98 | 0.24 | 1.00 | 0.24 | 0.27 | 367 | 272 | -0.26 | -0.03 | 65.63 | 56.00 | 1/30/2026 | No | 8 | 56 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.29 | 0.65 | 0.24 | 1.00 | 0.24 | 0.20 | 41 | 16 | -0.27 | -0.01 | 40.41 | 38.00 | 1/30/2026 | Yes | 11 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.18 | 2.06 | 0.24 | 1.00 | 0.24 | 0.29 | 11 | 0 | -0.27 | -0.03 | 91.48 | 88.00 | 1/30/2026 | Yes | 11 | 75 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.65 | 0.75 | 0.24 | 1.00 | 0.24 | 0.27 | 1 | 27 | -0.29 | -0.02 | 39.73 | 38.00 | 1/30/2026 | No | 7 | 59 | None | |
| FDX | Fedex Corp | Options Chain | 3.20 | 3.95 | 1.11 | 5.00 | 0.22 | 0.24 | 27 | 65 | -0.25 | -0.12 | 287.12 | 275.00 | 1/30/2026 | No | 11 | 72 | None | |
| C | Citigroup Inc | Options Chain | 2.00 | 2.31 | 0.22 | 1.00 | 0.22 | 0.29 | 22 | 5 | -0.29 | -0.06 | 112.80 | 110.00 | 1/30/2026 | Yes | 15 | 79 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 1.09 | 0.22 | 1.00 | 0.22 | 0.27 | 3 | 2 | -0.29 | -0.02 | 55.27 | 53.00 | 1/30/2026 | Yes | 13 | 74 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.28 | 1.59 | 0.22 | 1.00 | 0.22 | 0.23 | 0 | 3 | -0.30 | -0.01 | 53.33 | 52.00 | 1/30/2026 | No | 13 | 61 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.77 | 2.55 | 1.07 | 5.00 | 0.21 | 0.21 | 17 | 16 | -0.30 | -0.04 | 145.52 | 140.00 | 1/30/2026 | Yes | 12 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.51 | 6.05 | 1.04 | 5.00 | 0.21 | 0.26 | 93 | 6 | -0.25 | -0.11 | 313.00 | 300.00 | 1/30/2026 | Yes | 11 | 78 | None | |
| STZ | Constellation Brands Inc - Class A | Options Chain | 2.05 | 3.00 | 0.98 | 5.00 | 0.20 | 0.37 | 6 | 6 | -0.24 | -0.08 | 136.81 | 125.00 | 1/30/2026 | Yes | 6 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.84 | 3.15 | 0.95 | 5.00 | 0.19 | 0.29 | 6 | 34 | -0.23 | -0.08 | 174.19 | 165.00 | 1/30/2026 | No | 12 | 67 | None | |
| MS | Morgan Stanley | Options Chain | 2.78 | 3.70 | 0.95 | 5.00 | 0.19 | 0.27 | 2 | 10 | -0.30 | -0.09 | 172.96 | 170.00 | 1/30/2026 | Yes | 15 | 75 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.45 | 0.60 | 0.19 | 1.00 | 0.19 | 0.37 | 31 | 21 | -0.23 | -0.01 | 30.27 | 27.00 | 1/30/2026 | Yes | 13 | 64 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.07 | 1.57 | 0.18 | 1.00 | 0.18 | 0.27 | 0 | 20 | -0.28 | -0.04 | 80.85 | 76.00 | 1/30/2026 | Yes | 6 | 62 | None | |
| SLB | SLB | Options Chain | 0.63 | 0.80 | 0.18 | 1.00 | 0.18 | 0.32 | 10 | 0 | -0.28 | -0.02 | 38.13 | 36.00 | 1/30/2026 | Yes | 12 | 69 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.20 | 2.31 | 0.15 | 1.00 | 0.15 | 0.22 | 2 | 4 | -0.29 | -0.04 | 116.54 | 113.00 | 1/30/2026 | Yes | 9 | 67 | None |