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 | 2.61 | 3.55 | 0.43 | 1.00 | 0.43 | 0.43 | 2 | 1 | -0.30 | -0.07 | 104.88 | 99.00 | 1/30/2026 | No | 18 | 71 | None | |
| COST | Costco Wholesale Corp | Options Chain | 7.50 | 10.10 | 2.02 | 5.00 | 0.40 | 0.18 | 67 | 65 | -0.29 | -0.29 | 855.62 | 825.00 | 1/30/2026 | Yes | 15 | 61 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 2.60 | 5.80 | 1.95 | 5.00 | 0.39 | 0.37 | 1 | 10 | -0.29 | -0.11 | 175.13 | 170.00 | 1/30/2026 | No | 15 | 72 | None | |
| WMT | Walmart Inc | Options Chain | 1.32 | 1.74 | 0.38 | 1.00 | 0.38 | 0.22 | 24 | 17 | -0.29 | -0.04 | 112.60 | 109.00 | 1/30/2026 | No | 9 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.68 | 1.09 | 0.35 | 1.00 | 0.35 | 0.26 | 8 | 15 | -0.26 | -0.01 | 54.25 | 52.00 | 1/30/2026 | No | 10 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.80 | 7.50 | 1.67 | 5.00 | 0.33 | 0.35 | 24 | 21 | -0.30 | -0.17 | 293.28 | 280.00 | 1/30/2026 | Yes | 22 | 69 |
Dividend Stock List |
|
| SCHW | Charles Schwab Corp | Options Chain | 1.52 | 1.91 | 0.33 | 1.00 | 0.33 | 0.28 | 3 | 3 | -0.28 | -0.05 | 101.41 | 97.00 | 1/30/2026 | Yes | 10 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.20 | 4.10 | 1.63 | 5.00 | 0.33 | 0.29 | 30 | 23 | -0.24 | -0.09 | 174.22 | 165.00 | 1/30/2026 | No | 12 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.93 | 7.00 | 1.61 | 5.00 | 0.32 | 0.24 | 23 | 11 | -0.29 | -0.10 | 317.20 | 310.00 | 1/30/2026 | Yes | 11 | 78 | None | |
| MO | Altria Group Inc | Options Chain | 0.68 | 0.90 | 0.32 | 1.00 | 0.32 | 0.20 | 2 | 17 | -0.19 | -0.01 | 58.32 | 56.00 | 1/30/2026 | Yes | 9 | 60 | None | |
| NVO | Novo Nordisk | Options Chain | 0.90 | 1.28 | 0.32 | 1.00 | 0.32 | 0.34 | 16 | 133 | -0.30 | -0.03 | 48.10 | 46.00 | 1/30/2026 | No | 14 | 60 | None | |
| DOW | Dow Inc | Options Chain | 0.65 | 0.87 | 0.16 | 0.50 | 0.32 | 0.53 | 3 | 8 | -0.27 | -0.02 | 23.26 | 21.50 | 1/30/2026 | Yes | 11 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.95 | 1.47 | 0.31 | 1.00 | 0.31 | 0.36 | 2 | 14 | -0.30 | -0.03 | 49.21 | 48.00 | 1/30/2026 | Yes | 11 | 56 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.35 | 6.30 | 0.75 | 2.50 | 0.30 | 0.51 | 4 | 3 | -0.29 | -0.14 | 175.26 | 162.50 | 1/30/2026 | No | 11 | 59 | None | |
| GM | General Motors Company | Options Chain | 1.35 | 2.66 | 0.30 | 1.00 | 0.30 | 0.37 | 3 | 1 | -0.29 | -0.06 | 82.40 | 79.00 | 1/30/2026 | Yes | 9 | 69 | None | |
| HD | Home Depot Inc | Options Chain | 4.20 | 4.90 | 1.48 | 5.00 | 0.30 | 0.22 | 0 | 12 | -0.28 | -0.15 | 346.09 | 335.00 | 1/30/2026 | No | 7 | 60 | None | |
| TGT | Target Corp | Options Chain | 1.68 | 2.11 | 0.29 | 1.00 | 0.29 | 0.32 | 5 | 57 | -0.29 | -0.06 | 95.20 | 91.00 | 1/30/2026 | No | 9 | 57 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.10 | 8.10 | 1.42 | 5.00 | 0.28 | 0.27 | 69 | 92 | -0.28 | -0.23 | 484.92 | 465.00 | 1/30/2026 | No | 14 | 69 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.84 | 0.97 | 0.28 | 1.00 | 0.28 | 0.26 | 403 | 429 | -0.28 | -0.03 | 57.22 | 55.00 | 1/30/2026 | No | 9 | 56 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.25 | 8.70 | 1.38 | 5.00 | 0.28 | 0.41 | 95 | 41 | -0.28 | -0.23 | 342.00 | 320.00 | 1/30/2026 | No | 11 | 67 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.81 | 1.13 | 0.27 | 1.00 | 0.27 | 0.22 | 8 | 1 | -0.28 | -0.02 | 78.42 | 75.00 | 1/30/2026 | No | 9 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.64 | 0.76 | 0.27 | 1.00 | 0.27 | 0.29 | 14 | 2 | -0.29 | -0.02 | 35.84 | 35.00 | 1/30/2026 | No | 10 | 64 | None | |
| AA | Alcoa Corp | Options Chain | 1.36 | 1.67 | 0.26 | 1.00 | 0.26 | 0.50 | 10 | 0 | -0.27 | -0.04 | 51.56 | 49.00 | 1/30/2026 | Yes | 14 | 54 | None | |
| NOK | Nokia Corp | Options Chain | 0.00 | 0.35 | 0.13 | 0.50 | 0.26 | 0.74 | 4 | 0 | -0.22 | 0.00 | 6.54 | 6.00 | 1/30/2026 | Yes | 17 | 48 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.12 | 1.45 | 0.24 | 1.00 | 0.24 | 0.26 | 0 | 103 | -0.29 | -0.03 | 80.04 | 77.00 | 1/30/2026 | Yes | 6 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.44 | 0.52 | 0.23 | 1.00 | 0.23 | 0.15 | 77 | 36 | -0.21 | -0.02 | 70.06 | 68.00 | 1/30/2026 | No | 9 | 70 | None | |
| C | Citigroup Inc | Options Chain | 1.95 | 2.24 | 0.23 | 1.00 | 0.23 | 0.29 | 1 | 0 | -0.30 | -0.06 | 114.86 | 113.00 | 1/30/2026 | Yes | 15 | 79 | None | |
| ORCL | Oracle Corp | Options Chain | 5.00 | 5.75 | 1.13 | 5.00 | 0.23 | 0.44 | 136 | 159 | -0.29 | -0.13 | 193.31 | 185.00 | 1/30/2026 | No | 10 | 65 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.24 | 0.11 | 0.50 | 0.22 | 0.25 | 302 | 105 | -0.30 | -0.01 | 13.47 | 13.00 | 1/30/2026 | No | 15 | 54 | None | |
| JNJ | Johnson & Johnson | Options Chain | 0.47 | 4.50 | 1.04 | 5.00 | 0.21 | 0.21 | 55 | 8 | -0.27 | -0.08 | 207.32 | 200.00 | 1/30/2026 | Yes | 9 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.48 | 0.60 | 0.20 | 1.00 | 0.20 | 0.37 | 148 | 15 | -0.24 | -0.01 | 29.57 | 27.00 | 1/30/2026 | Yes | 13 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.40 | 0.57 | 0.19 | 1.00 | 0.19 | 0.21 | 197 | 86 | -0.23 | -0.01 | 39.91 | 38.00 | 1/30/2026 | Yes | 11 | 55 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.22 | 0.33 | 0.19 | 1.00 | 0.19 | 0.13 | 63 | 0 | -0.26 | 0.00 | 31.93 | 31.00 | 1/30/2026 | No | 11 | 67 | None | |
| T | AT&T Inc | Options Chain | 0.28 | 0.41 | 0.19 | 1.00 | 0.19 | 0.26 | 48 | 0 | -0.26 | -0.01 | 24.14 | 23.00 | 1/30/2026 | Yes | 10 | 59 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.75 | 7.20 | 0.90 | 5.00 | 0.18 | 0.36 | 32 | 140 | -0.26 | -0.19 | 325.16 | 305.00 | 1/30/2026 | Yes | 12 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.61 | 0.85 | 0.18 | 1.00 | 0.18 | 0.27 | 23 | 8 | -0.24 | -0.02 | 55.27 | 53.00 | 1/30/2026 | Yes | 11 | 65 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.20 | 2.00 | 0.18 | 1.00 | 0.18 | 0.25 | 0 | 42 | -0.29 | -0.05 | 104.72 | 101.00 | 1/30/2026 | No | 10 | 66 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 1.29 | 2.60 | 0.87 | 5.00 | 0.17 | 0.24 | 4 | 2 | -0.21 | -0.07 | 196.73 | 185.00 | 1/30/2026 | No | 10 | 67 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.33 | 0.53 | 0.15 | 1.00 | 0.15 | 0.26 | 31 | 37 | -0.22 | -0.02 | 40.27 | 38.00 | 1/30/2026 | No | 7 | 59 | None |