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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 2.24 | 3.55 | 0.55 | 1.00 | 0.55 | 0.34 | 1 | 3 | -0.28 | -0.06 | 125.55 | 119.00 | 12/24/2026 | Yes | 8 | 57 | None | |
| PCG | PG&E Corp | Options Chain | 0.44 | 0.56 | 0.22 | 0.50 | 0.44 | 0.57 | 4 | 0 | -0.28 | -0.01 | 13.14 | 12.00 | 12/24/2026 | No | 9 | 54 | None | |
| HPQ | HP Inc | Options Chain | 0.82 | 1.53 | 0.39 | 1.00 | 0.39 | 0.57 | 0 | 3 | -0.29 | -0.02 | 28.25 | 26.00 | 12/24/2026 | Yes | 10 | 45 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.70 | 10.30 | 1.92 | 5.00 | 0.38 | 0.35 | 5 | 7 | -0.28 | -0.17 | 405.12 | 380.00 | 12/24/2026 | No | 10 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 0.61 | 1.08 | 0.38 | 1.00 | 0.38 | 0.35 | 0 | 2 | -0.26 | -0.02 | 41.38 | 38.00 | 12/24/2026 | No | 11 | 48 | None | |
| ORCL | Oracle Corp | Options Chain | 6.20 | 6.50 | 0.37 | 1.00 | 0.37 | 0.72 | 2 | 2 | -0.30 | -0.12 | 119.79 | 107.00 | 12/24/2026 | Yes | 9 | 65 | None | |
| CRM | Salesforce Inc | Options Chain | 6.65 | 8.45 | 1.82 | 5.00 | 0.36 | 0.53 | 1 | 3 | -0.28 | -0.14 | 213.48 | 195.00 | 12/24/2026 | Yes | 15 | 71 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.90 | 11.50 | 1.75 | 5.00 | 0.35 | 0.42 | 11 | 3 | -0.29 | -0.24 | 390.00 | 370.00 | 12/24/2026 | No | 24 | 69 |
Dividend Stock List |
|
| HAL | Halliburton Company | Options Chain | 0.72 | 0.92 | 0.35 | 1.00 | 0.35 | 0.37 | 1 | 0 | -0.30 | -0.02 | 31.88 | 30.00 | 12/24/2026 | No | 13 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.55 | 0.72 | 0.33 | 1.00 | 0.33 | 0.25 | 144 | 81 | -0.27 | -0.02 | 46.31 | 44.00 | 12/24/2026 | No | 11 | 73 | None | |
| IP | International Paper Company | Options Chain | 0.55 | 1.15 | 0.30 | 1.00 | 0.30 | 0.42 | 0 | 1 | -0.24 | -0.01 | 35.53 | 32.00 | 12/24/2026 | No | 6 | 61 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.31 | 0.79 | 0.15 | 0.50 | 0.30 | 0.28 | 1 | 0 | -0.27 | 0.00 | 24.42 | 23.00 | 12/24/2026 | No | 6 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.17 | 0.24 | 0.14 | 0.50 | 0.28 | 0.33 | 49 | 13 | -0.21 | -0.01 | 12.52 | 11.50 | 12/24/2026 | No | 7 | 51 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 21.50 | 25.45 | 1.40 | 5.00 | 0.28 | 0.89 | 13 | 9 | -0.30 | -0.43 | 334.38 | 300.00 | 12/24/2026 | Yes | 12 | 53 | None | |
| CVX | Chevron Corp | Options Chain | 3.65 | 4.75 | 1.31 | 5.00 | 0.26 | 0.30 | 1 | 1 | -0.29 | -0.08 | 210.78 | 200.00 | 12/24/2026 | No | 13 | 77 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.77 | 0.25 | 1.00 | 0.25 | 0.20 | 0 | 10 | -0.29 | -0.01 | 36.70 | 36.00 | 12/24/2026 | No | 10 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.95 | 11.80 | 1.23 | 5.00 | 0.25 | 0.30 | 119 | 9 | -0.30 | -0.26 | 545.18 | 510.00 | 12/24/2026 | No | 15 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.81 | 0.96 | 0.24 | 1.00 | 0.24 | 0.37 | 3 | 1 | -0.26 | -0.02 | 43.41 | 40.00 | 12/24/2026 | No | 11 | 68 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.03 | 1.34 | 0.24 | 1.00 | 0.24 | 0.35 | 5 | 0 | -0.27 | -0.03 | 55.76 | 53.00 | 12/24/2026 | No | 10 | 55 | None | |
| KO | Coca-Cola Company | Options Chain | 1.18 | 1.33 | 0.24 | 1.00 | 0.24 | 0.21 | 2 | 13 | -0.29 | -0.03 | 96.03 | 93.00 | 12/24/2026 | No | 9 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.70 | 7.55 | 1.18 | 5.00 | 0.24 | 0.50 | 3 | 4 | -0.29 | -0.11 | 171.47 | 160.00 | 12/24/2026 | No | 14 | 72 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.92 | 1.17 | 0.23 | 1.00 | 0.23 | 0.48 | 12 | 30 | -0.26 | -0.02 | 39.88 | 35.00 | 12/24/2026 | Yes | 12 | 59 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.69 | 2.47 | 0.57 | 2.50 | 0.23 | 0.21 | 0 | 9 | -0.27 | -0.07 | 168.32 | 162.50 | 12/24/2026 | No | 9 | 67 | None | |
| EQNR | Equinor ASA | Options Chain | 0.75 | 1.25 | 0.22 | 1.00 | 0.22 | 0.39 | 32 | 4 | -0.28 | -0.02 | 41.12 | 38.00 | 12/18/2026 | No | 9 | 54 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.10 | 1.90 | 0.22 | 1.00 | 0.22 | 0.37 | 0 | 1 | -0.30 | -0.02 | 37.50 | 35.00 | 12/24/2026 | No | 6 | 47 | None | |
| XYL | Xylem Inc | Options Chain | 1.35 | 2.45 | 0.52 | 2.50 | 0.21 | 0.32 | 0 | 2 | -0.30 | -0.06 | 99.01 | 92.50 | 12/18/2026 | No | 13 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.90 | 3.25 | 1.00 | 5.00 | 0.20 | 0.30 | 9 | 4 | -0.28 | -0.06 | 164.47 | 155.00 | 12/24/2026 | No | 11 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.85 | 0.50 | 2.50 | 0.20 | 0.38 | 174 | 36 | -0.27 | -0.02 | 34.88 | 32.50 | 12/18/2026 | Yes | 5 | 52 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.65 | 0.20 | 1.00 | 0.20 | 0.43 | 24 | 6 | -0.25 | -0.01 | 21.52 | 20.00 | 12/18/2026 | No | 13 | 67 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.27 | 1.95 | 0.19 | 1.00 | 0.19 | 0.26 | 0 | 1 | -0.30 | -0.04 | 92.64 | 89.00 | 12/24/2026 | No | 15 | 71 | None | |
| KEY | Keycorp | Options Chain | 0.20 | 0.35 | 0.18 | 1.00 | 0.18 | 0.27 | 17 | 0 | -0.21 | 0.00 | 21.41 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| RF | Regions Financial Corp | Options Chain | 0.20 | 0.60 | 0.17 | 1.00 | 0.17 | 0.28 | 0 | 1 | -0.27 | -0.01 | 28.93 | 27.00 | 12/18/2026 | No | 13 | 60 | None | |
| GPN | Global Payments Inc | Options Chain | 2.20 | 4.00 | 0.40 | 2.50 | 0.16 | 0.47 | 21 | 2 | -0.29 | -0.07 | 97.77 | 95.00 | 12/18/2026 | No | 7 | 59 | None | |
| VTRS | Viatris Inc | Options Chain | 0.15 | 0.35 | 0.15 | 1.00 | 0.15 | 0.34 | 4 | 2 | -0.18 | -0.01 | 20.85 | 19.00 | 12/18/2026 | No | 6 | 51 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.28 | 0.39 | 0.15 | 1.00 | 0.15 | 0.27 | 5 | 1 | -0.21 | -0.01 | 30.57 | 29.00 | 12/24/2026 | No | 8 | 59 | None | |
| EXC | Exelon Corp | Options Chain | 0.20 | 0.60 | 0.15 | 1.00 | 0.15 | 0.21 | 94 | 29 | -0.21 | -0.01 | 45.53 | 43.00 | 12/18/2026 | No | 8 | 56 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.29 | 35 | 0 | -0.27 | -0.01 | 15.92 | 15.00 | 12/18/2026 | No | 10 | 57 | None |