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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNM | Unum Group | Options Chain | 2.00 | 4.00 | 1.32 | 2.50 | 0.53 | 0.46 | 0 | 4 | -0.28 | -0.06 | 91.03 | 85.00 | 12/18/2026 | Yes | 9 | 63 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 3.10 | 3.35 | 0.44 | 1.00 | 0.44 | 0.79 | 15 | 15 | -0.29 | -0.06 | 53.10 | 48.00 | 12/18/2026 | Yes | 12 | 59 | None | |
| NYT | New York Times Co. - Class A | Options Chain | 1.30 | 2.60 | 0.82 | 2.50 | 0.33 | 0.44 | 0 | 3 | -0.28 | -0.04 | 67.33 | 62.50 | 12/18/2026 | Yes | 15 | 61 | None | |
| ZBH | Zimmer Biomet Holdings Inc | Options Chain | 1.75 | 3.80 | 1.63 | 5.00 | 0.33 | 0.43 | 66 | 0 | -0.28 | -0.05 | 97.06 | 90.00 | 12/18/2026 | Yes | 11 | 62 | None | |
| ORCL | Oracle Corp | Options Chain | 6.55 | 6.75 | 1.62 | 5.00 | 0.32 | 0.69 | 4266 | 3443 | -0.30 | -0.13 | 124.68 | 115.00 | 12/18/2026 | Yes | 9 | 65 | None | |
| SWK | Stanley Black & Decker Inc | Options Chain | 2.75 | 3.30 | 0.80 | 2.50 | 0.32 | 0.41 | 7 | 5 | -0.29 | -0.05 | 104.62 | 97.50 | 12/18/2026 | Yes | 15 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.25 | 6.75 | 1.57 | 5.00 | 0.31 | 0.57 | 181 | 1025 | -0.29 | -0.12 | 162.08 | 150.00 | 12/18/2026 | Yes | 10 | 63 | None | |
| VST | Vistra Corp | Options Chain | 5.50 | 5.95 | 1.48 | 5.00 | 0.30 | 0.54 | 1181 | 21 | -0.30 | -0.12 | 139.59 | 130.00 | 12/18/2026 | Yes | 8 | 61 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.40 | 7.00 | 1.47 | 5.00 | 0.29 | 0.37 | 11 | 92 | -0.30 | -0.12 | 250.04 | 235.00 | 12/18/2026 | No | 12 | 74 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.90 | 6.50 | 1.42 | 5.00 | 0.28 | 0.26 | 25 | 142 | -0.30 | -0.13 | 337.98 | 325.00 | 12/18/2026 | No | 8 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.50 | 10.30 | 2.82 | 10.00 | 0.28 | 0.36 | 94 | 73 | -0.29 | -0.20 | 399.24 | 380.00 | 12/18/2026 | No | 13 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.35 | 11.85 | 2.72 | 10.00 | 0.27 | 0.41 | 179 | 224 | -0.29 | -0.24 | 399.78 | 380.00 | 12/18/2026 | No | 20 | 62 |
Dividend Stock List |
|
| PCG | PG&E Corp | Options Chain | 0.30 | 0.59 | 0.27 | 1.00 | 0.27 | 0.53 | 15035 | 5002 | -0.26 | -0.01 | 13.25 | 12.00 | 12/18/2026 | No | 11 | 63 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.10 | 1.40 | 0.27 | 1.00 | 0.27 | 0.51 | 0 | 1 | -0.27 | -0.03 | 38.10 | 35.00 | 12/18/2026 | Yes | 19 | 67 | None | |
| NRG | NRG Energy Inc | Options Chain | 3.20 | 3.90 | 1.27 | 5.00 | 0.25 | 0.66 | 63 | 50 | -0.23 | -0.09 | 96.40 | 85.00 | 12/18/2026 | Yes | 7 | 58 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.70 | 0.25 | 1.00 | 0.25 | 0.27 | 2 | 0 | -0.28 | -0.01 | 28.97 | 27.00 | 12/18/2026 | No | 15 | 59 | None | |
| TGT | Target Corp | Options Chain | 3.15 | 4.30 | 1.21 | 5.00 | 0.24 | 0.44 | 2 | 24 | -0.24 | -0.07 | 158.38 | 140.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.85 | 4.40 | 1.20 | 5.00 | 0.24 | 0.26 | 232 | 56 | -0.28 | -0.08 | 263.04 | 250.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| HPQ | HP Inc | Options Chain | 1.00 | 1.07 | 0.24 | 1.00 | 0.24 | 0.60 | 6270 | 89 | -0.26 | -0.02 | 28.43 | 25.00 | 12/18/2026 | Yes | 12 | 54 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.16 | 1.33 | 0.58 | 2.50 | 0.23 | 0.25 | 62 | 43 | -0.26 | -0.02 | 84.99 | 80.00 | 12/18/2026 | No | 7 | 65 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.55 | 0.70 | 0.23 | 1.00 | 0.23 | 0.47 | 12 | 14 | -0.24 | -0.01 | 24.56 | 22.00 | 12/18/2026 | Yes | 13 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.55 | 9.80 | 1.13 | 5.00 | 0.23 | 0.30 | 7 | 5 | -0.28 | -0.25 | 516.39 | 495.00 | 12/11/2026 | No | 14 | 74 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.97 | 1.06 | 0.56 | 2.50 | 0.22 | 0.45 | 388 | 1738 | -0.26 | -0.02 | 38.29 | 35.00 | 12/18/2026 | Yes | 13 | 58 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.94 | 2.26 | 1.11 | 5.00 | 0.22 | 0.26 | 660 | 315 | -0.27 | -0.04 | 140.42 | 130.00 | 12/18/2026 | No | 12 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.65 | 0.74 | 0.22 | 1.00 | 0.22 | 0.27 | 359 | 77 | -0.26 | -0.02 | 45.14 | 43.00 | 12/18/2026 | No | 7 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.05 | 3.20 | 1.07 | 5.00 | 0.21 | 0.32 | 214 | 299 | -0.25 | -0.07 | 177.46 | 165.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| V | Visa Inc - Class A | Options Chain | 6.25 | 7.00 | 1.05 | 5.00 | 0.21 | 0.23 | 23 | 162 | -0.30 | -0.15 | 425.77 | 405.00 | 12/18/2026 | No | 9 | 65 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.15 | 1.60 | 0.50 | 2.50 | 0.20 | 0.41 | 26 | 100 | -0.24 | -0.03 | 66.35 | 60.00 | 12/18/2026 | No | 11 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.31 | 1.45 | 0.49 | 2.50 | 0.20 | 0.29 | 245 | 91 | -0.25 | -0.03 | 85.53 | 80.00 | 12/18/2026 | No | 14 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 0.80 | 1.04 | 0.48 | 2.50 | 0.19 | 0.38 | 152 | 1126 | -0.27 | -0.02 | 40.13 | 37.50 | 12/18/2026 | Yes | 11 | 48 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.85 | 2.20 | 0.93 | 5.00 | 0.19 | 0.47 | 235 | 749 | -0.23 | -0.05 | 83.18 | 75.00 | 12/18/2026 | Yes | 11 | 55 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.97 | 1.09 | 0.45 | 2.50 | 0.18 | 0.38 | 134 | 33 | -0.23 | -0.03 | 60.39 | 55.00 | 12/18/2026 | Yes | 10 | 62 | None | |
| IP | International Paper Company | Options Chain | 0.70 | 1.10 | 0.45 | 2.50 | 0.18 | 0.40 | 1 | 20 | -0.29 | -0.02 | 36.64 | 32.50 | 12/18/2026 | No | 6 | 61 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 0.85 | 1.00 | 0.43 | 2.50 | 0.17 | 0.24 | 16 | 3 | -0.27 | -0.03 | 74.64 | 70.00 | 12/18/2026 | No | 8 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.41 | 0.47 | 0.17 | 1.00 | 0.17 | 0.27 | 2 | 417 | -0.25 | -0.01 | 32.87 | 31.00 | 12/18/2026 | No | 10 | 59 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.75 | 0.17 | 1.00 | 0.17 | 0.37 | 1 | 0 | -0.26 | -0.01 | 28.26 | 26.00 | 12/18/2026 | No | 7 | 63 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 0.90 | 1.20 | 0.85 | 5.00 | 0.17 | 0.31 | 35 | 60 | -0.29 | -0.02 | 47.88 | 45.00 | 12/18/2026 | No | 7 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.98 | 1.03 | 0.42 | 2.50 | 0.17 | 0.21 | 436 | 446 | -0.24 | -0.02 | 95.83 | 90.00 | 12/18/2026 | No | 9 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 1.65 | 1.88 | 0.82 | 5.00 | 0.16 | 0.32 | 3313 | 435 | -0.24 | -0.06 | 128.38 | 115.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| LVS | Las Vegas Sands Corp | Options Chain | 0.68 | 0.77 | 0.40 | 2.50 | 0.16 | 0.38 | 7 | 13 | -0.23 | -0.02 | 38.19 | 35.00 | 12/18/2026 | No | 8 | 49 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.33 | 0.16 | 1.00 | 0.16 | 0.29 | 147 | 37 | -0.24 | -0.01 | 21.39 | 20.00 | 12/18/2026 | No | 9 | 60 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.28 | 17 | 0 | -0.26 | -0.01 | 21.23 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.30 | 0.15 | 1.00 | 0.15 | 0.28 | 5 | 10 | -0.27 | -0.01 | 16.01 | 15.00 | 12/18/2026 | No | 10 | 57 | None |