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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 8.05 | 13.00 | 2.30 | 5.00 | 0.46 | 0.36 | 22 | 1 | -0.29 | -0.21 | 375.98 | 350.00 | 11/27/2026 | Yes | 13 | 65 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 16.70 | 18.10 | 3.50 | 10.00 | 0.35 | 0.53 | 25 | 34 | -0.30 | -0.37 | 442.26 | 430.00 | 11/20/2026 | Yes | 11 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.14 | 1.58 | 0.34 | 1.00 | 0.34 | 0.37 | 1 | 1 | -0.30 | -0.02 | 47.88 | 46.00 | 11/27/2026 | Yes | 10 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.00 | 7.35 | 1.68 | 5.00 | 0.34 | 0.49 | 6 | 2 | -0.28 | -0.11 | 181.03 | 160.00 | 11/27/2026 | Yes | 12 | 70 | None | |
| APA | APA Corporation | Options Chain | 1.20 | 1.76 | 0.33 | 1.00 | 0.33 | 0.46 | 1 | 0 | -0.28 | -0.03 | 43.81 | 42.00 | 11/27/2026 | Yes | 10 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.30 | 1.62 | 5.00 | 0.32 | 0.54 | 890 | 972 | -0.30 | -0.10 | 144.77 | 125.00 | 11/20/2026 | No | 8 | 62 | None | |
| GLW | Corning Inc | Options Chain | 5.70 | 7.20 | 1.52 | 5.00 | 0.30 | 0.55 | 9 | 2 | -0.28 | -0.12 | 163.25 | 140.00 | 11/27/2026 | Yes | 9 | 54 | None | |
| EQNR | Equinor ASA | Options Chain | 1.05 | 1.15 | 0.30 | 1.00 | 0.30 | 0.40 | 34 | 6 | -0.28 | -0.02 | 41.61 | 40.00 | 11/20/2026 | Yes | 10 | 52 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.78 | 0.29 | 1.00 | 0.29 | 0.18 | 14 | 0 | -0.21 | -0.01 | 36.91 | 35.00 | 11/27/2026 | Yes | 12 | 67 | None | |
| NTAP | Netapp Inc | Options Chain | 6.40 | 7.20 | 2.85 | 10.00 | 0.29 | 0.50 | 52 | 29 | -0.26 | -0.16 | 235.77 | 210.00 | 11/20/2026 | No | 12 | 63 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.70 | 0.90 | 0.27 | 1.00 | 0.27 | 0.38 | 5 | 1 | -0.26 | -0.02 | 34.36 | 32.00 | 11/27/2026 | No | 11 | 60 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.70 | 1.95 | 0.63 | 2.50 | 0.25 | 0.34 | 6 | 0 | -0.28 | -0.05 | 85.22 | 80.00 | 11/20/2026 | Yes | 9 | 59 | None | |
| CRM | Salesforce Inc | Options Chain | 5.10 | 7.90 | 1.25 | 5.00 | 0.25 | 0.40 | 0 | 1 | -0.27 | -0.13 | 224.91 | 210.00 | 11/27/2026 | No | 15 | 70 | None | |
| MS | Morgan Stanley | Options Chain | 1.88 | 5.60 | 1.25 | 5.00 | 0.25 | 0.31 | 0 | 2 | -0.27 | -0.08 | 189.71 | 175.00 | 11/27/2026 | Yes | 10 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.00 | 0.74 | 0.12 | 0.50 | 0.24 | 0.88 | 0 | 12 | -0.26 | -0.01 | 12.12 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.85 | 2.10 | 0.58 | 2.50 | 0.23 | 0.46 | 53 | 111 | -0.25 | -0.05 | 87.55 | 77.50 | 11/20/2026 | Yes | 8 | 55 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.22 | 4 | 0 | -0.29 | -0.01 | 41.49 | 40.00 | 11/20/2026 | Yes | 11 | 69 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.80 | 3.55 | 1.12 | 5.00 | 0.22 | 0.24 | 1 | 0 | -0.24 | -0.09 | 230.88 | 225.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.20 | 0.55 | 2.50 | 0.22 | 0.40 | 61 | 11 | -0.24 | -0.03 | 54.41 | 50.00 | 11/20/2026 | Yes | 10 | 53 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.45 | 1.65 | 0.55 | 2.50 | 0.22 | 0.52 | 3 | 9 | -0.25 | -0.04 | 57.07 | 52.50 | 11/20/2026 | Yes | 14 | 69 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.45 | 0.65 | 0.22 | 1.00 | 0.22 | 0.43 | 7 | 0 | -0.25 | -0.01 | 22.17 | 21.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.50 | 0.22 | 1.00 | 0.22 | 0.30 | 1 | 0 | -0.29 | -0.01 | 19.83 | 19.00 | 11/20/2026 | Yes | 15 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 7.15 | 1.05 | 5.00 | 0.21 | 0.26 | 14 | 2 | -0.28 | -0.14 | 329.58 | 315.00 | 11/27/2026 | Yes | 8 | 71 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.05 | 11.45 | 1.05 | 5.00 | 0.21 | 0.31 | 3 | 3 | -0.28 | -0.24 | 482.30 | 440.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| OKE | Oneok Inc | Options Chain | 1.65 | 1.80 | 1.03 | 5.00 | 0.21 | 0.33 | 16 | 1332 | -0.27 | -0.03 | 88.05 | 85.00 | 11/20/2026 | Yes | 11 | 65 | None | |
| CVX | Chevron Corp | Options Chain | 2.51 | 6.25 | 1.00 | 5.00 | 0.20 | 0.29 | 2 | 0 | -0.29 | -0.07 | 205.15 | 200.00 | 11/27/2026 | Yes | 13 | 77 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.39 | 1 | 0 | -0.22 | -0.01 | 22.91 | 21.00 | 11/20/2026 | Yes | 15 | 60 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 0.70 | 0.20 | 1.00 | 0.20 | 0.42 | 43 | 19 | -0.25 | -0.02 | 30.63 | 29.00 | 11/20/2026 | Yes | 14 | 68 | None | |
| VTRS | Viatris Inc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.39 | 2 | 1 | -0.29 | -0.01 | 17.49 | 16.00 | 11/20/2026 | Yes | 6 | 52 | None | |
| GIS | General Mills Inc | Options Chain | 0.55 | 0.65 | 0.45 | 2.50 | 0.18 | 0.31 | 141 | 58 | -0.20 | -0.01 | 31.77 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.25 | 1.50 | 0.45 | 2.50 | 0.18 | 0.44 | 10 | 0 | -0.24 | -0.04 | 58.49 | 55.00 | 11/20/2026 | Yes | 9 | 55 | None | |
| ING | ING Groep N.V. | Options Chain | 0.55 | 0.65 | 0.17 | 1.00 | 0.17 | 0.35 | 0 | 11 | -0.25 | -0.02 | 33.92 | 31.00 | 11/20/2026 | Yes | 9 | 63 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.45 | 0.17 | 1.00 | 0.17 | 0.28 | 11 | 0 | -0.28 | -0.01 | 22.75 | 22.00 | 11/20/2026 | Yes | 16 | 68 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.66 | 5.75 | 0.81 | 5.00 | 0.16 | 0.30 | 16 | 12 | -0.30 | -0.06 | 164.05 | 160.00 | 11/27/2026 | Yes | 13 | 73 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.85 | 0.40 | 2.50 | 0.16 | 0.30 | 200 | 2 | -0.27 | -0.02 | 45.58 | 42.50 | 11/20/2026 | Yes | 15 | 81 | None |