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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corp | Options Chain | 14.85 | 20.15 | 2.25 | 5.00 | 0.45 | 0.28 | 13 | 3 | -0.30 | -0.42 | 913.20 | 860.00 | 1/2/2026 | Yes | 13 | 61 | None | |
| HPQ | HP Inc | Options Chain | 0.62 | 0.96 | 0.41 | 1.00 | 0.41 | 0.47 | 2 | 5 | -0.30 | -0.01 | 22.71 | 21.00 | 1/2/2026 | Yes | 13 | 50 | None | |
| HD | Home Depot Inc | Options Chain | 4.85 | 7.35 | 2.04 | 5.00 | 0.41 | 0.28 | 1 | 103 | -0.28 | -0.12 | 336.48 | 320.00 | 1/2/2026 | Yes | 8 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.85 | 2.11 | 0.39 | 1.00 | 0.39 | 0.45 | 2 | 0 | -0.29 | -0.04 | 62.49 | 58.00 | 1/2/2026 | Yes | 7 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.10 | 8.85 | 1.83 | 5.00 | 0.37 | 0.36 | 3 | 34 | -0.30 | -0.15 | 320.52 | 295.00 | 1/2/2026 | No | 12 | 67 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.91 | 6.25 | 1.68 | 5.00 | 0.34 | 0.60 | 7 | 0 | -0.26 | -0.10 | 122.69 | 110.00 | 1/2/2026 | Yes | 15 | 64 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.70 | 15.00 | 1.65 | 5.00 | 0.33 | 0.57 | 0 | 3 | -0.30 | -0.28 | 342.26 | 315.00 | 1/2/2026 | Yes | 9 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 7.85 | 9.00 | 1.60 | 5.00 | 0.32 | 0.59 | 30 | 25 | -0.27 | -0.19 | 220.49 | 200.00 | 1/2/2026 | Yes | 8 | 62 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.38 | 2.03 | 0.31 | 1.00 | 0.31 | 0.29 | 0 | 7 | -0.27 | -0.03 | 96.43 | 91.00 | 1/2/2026 | No | 16 | 74 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.57 | 2.21 | 0.28 | 1.00 | 0.28 | 0.48 | 6 | 0 | -0.29 | -0.04 | 55.81 | 53.00 | 1/2/2026 | No | 13 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.80 | 7.85 | 1.38 | 5.00 | 0.28 | 0.40 | 2 | 14 | -0.28 | -0.16 | 282.01 | 260.00 | 1/2/2026 | No | 22 | 76 |
Dividend Stock List |
|
| CSCO | Cisco Systems Inc | Options Chain | 1.16 | 1.52 | 0.27 | 1.00 | 0.27 | 0.27 | 7 | 0 | -0.28 | -0.03 | 78.20 | 74.00 | 1/2/2026 | No | 9 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.03 | 1.41 | 0.27 | 1.00 | 0.27 | 0.39 | 1 | 0 | -0.29 | -0.03 | 46.93 | 44.00 | 1/2/2026 | No | 13 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 6.00 | 1.32 | 5.00 | 0.26 | 0.28 | 10 | 0 | -0.27 | -0.13 | 299.41 | 285.00 | 1/2/2026 | No | 11 | 79 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.10 | 4.70 | 1.28 | 5.00 | 0.26 | 0.35 | 3 | 1 | -0.29 | -0.08 | 165.06 | 155.00 | 1/2/2026 | No | 12 | 60 | None | |
| LRCX | Lam Research Corp | Options Chain | 3.60 | 5.45 | 1.25 | 5.00 | 0.25 | 0.52 | 0 | 1 | -0.26 | -0.11 | 143.24 | 130.00 | 1/2/2026 | No | 13 | 64 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 3.70 | 5.10 | 1.25 | 5.00 | 0.25 | 0.30 | 2 | 10 | -0.28 | -0.11 | 219.57 | 210.00 | 1/2/2026 | Yes | 11 | 56 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.54 | 0.74 | 0.25 | 1.00 | 0.25 | 0.33 | 0 | 42 | -0.30 | -0.01 | 27.31 | 26.00 | 1/2/2026 | No | 13 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.91 | 1.15 | 0.24 | 1.00 | 0.24 | 0.43 | 0 | 4 | -0.26 | -0.03 | 40.00 | 37.00 | 1/2/2026 | No | 11 | 53 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.74 | 1.02 | 0.24 | 1.00 | 0.24 | 0.33 | 10 | 0 | -0.30 | -0.01 | 35.87 | 34.00 | 1/2/2026 | No | 10 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.40 | 2.15 | 0.24 | 1.00 | 0.24 | 0.22 | 4 | 0 | -0.30 | -0.05 | 117.68 | 115.00 | 1/2/2026 | No | 11 | 75 | None | |
| VLO | Valero Energy Corp | Options Chain | 3.65 | 4.85 | 1.17 | 5.00 | 0.23 | 0.33 | 1 | 0 | -0.30 | -0.07 | 178.40 | 175.00 | 1/2/2026 | No | 11 | 69 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.69 | 0.96 | 0.23 | 1.00 | 0.23 | 0.31 | 6 | 4 | -0.28 | -0.02 | 42.52 | 40.00 | 1/2/2026 | No | 7 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.52 | 1.86 | 0.23 | 1.00 | 0.23 | 0.30 | 0 | 10 | -0.29 | -0.04 | 83.42 | 80.00 | 1/2/2026 | No | 11 | 74 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.77 | 0.94 | 0.22 | 1.00 | 0.22 | 0.27 | 1 | 4 | -0.27 | -0.02 | 51.54 | 49.00 | 1/2/2026 | No | 12 | 74 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.34 | 0.11 | 0.50 | 0.22 | 0.31 | 51 | 3 | -0.30 | -0.01 | 13.02 | 12.50 | 1/2/2026 | No | 16 | 54 | None | |
| WMT | Walmart Inc | Options Chain | 1.64 | 1.98 | 0.21 | 1.00 | 0.21 | 0.29 | 1 | 0 | -0.28 | -0.05 | 102.95 | 96.00 | 1/2/2026 | Yes | 9 | 59 | None | |
| KO | Coca-Cola Company | Options Chain | 0.74 | 1.00 | 0.20 | 1.00 | 0.20 | 0.18 | 3 | 3 | -0.30 | -0.02 | 71.22 | 69.00 | 1/2/2026 | No | 9 | 70 | None | |
| V | Visa Inc - Class A | Options Chain | 3.85 | 4.90 | 0.95 | 5.00 | 0.19 | 0.25 | 5 | 4 | -0.25 | -0.13 | 325.75 | 305.00 | 1/2/2026 | No | 10 | 69 | None | |
| SLB | SLB | Options Chain | 0.54 | 0.76 | 0.17 | 1.00 | 0.17 | 0.37 | 0 | 12 | -0.24 | -0.02 | 35.80 | 33.00 | 1/2/2026 | No | 12 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.43 | 0.50 | 0.16 | 1.00 | 0.16 | 0.19 | 5 | 3 | -0.30 | -0.02 | 41.01 | 40.00 | 1/2/2026 | No | 15 | 71 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.65 | 9.70 | 0.78 | 5.00 | 0.16 | 0.26 | 39 | 48 | -0.30 | -0.21 | 493.79 | 475.00 | 1/2/2026 | No | 14 | 68 | None | |
| TGT | Target Corp | Options Chain | 2.77 | 3.15 | 0.15 | 1.00 | 0.15 | 0.46 | 3 | 1 | -0.30 | -0.07 | 88.48 | 83.00 | 1/2/2026 | Yes | 13 | 66 | None |