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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IVZ | Invesco Ltd | Options Chain | 0.55 | 1.30 | 0.43 | 1.00 | 0.43 | 0.46 | 3 | 5 | -0.29 | -0.02 | 24.53 | 23.00 | 1/16/2026 | No | 16 | 66 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.40 | 1.55 | 0.33 | 1.00 | 0.33 | 0.50 | 196 | 36 | -0.27 | -0.03 | 42.59 | 39.00 | 1/16/2026 | No | 19 | 60 | None | |
| COST | Costco Wholesale Corp | Options Chain | 17.20 | 18.45 | 1.55 | 5.00 | 0.31 | 0.25 | 35 | 54 | -0.30 | -0.38 | 908.26 | 875.00 | 1/16/2026 | Yes | 14 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 8.55 | 9.05 | 1.50 | 5.00 | 0.30 | 0.60 | 247 | 211 | -0.27 | -0.16 | 204.96 | 185.00 | 1/16/2026 | Yes | 9 | 62 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.55 | 4.85 | 1.50 | 5.00 | 0.30 | 0.45 | 274 | 374 | -0.29 | -0.09 | 133.26 | 125.00 | 1/16/2026 | No | 17 | 64 | None | |
| NEM | Newmont Corp | Options Chain | 2.77 | 2.88 | 0.75 | 2.50 | 0.30 | 0.41 | 73 | 9 | -0.30 | -0.05 | 90.52 | 85.00 | 1/16/2026 | No | 18 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.00 | 9.30 | 2.92 | 10.00 | 0.29 | 0.37 | 123 | 650 | -0.30 | -0.15 | 329.71 | 310.00 | 1/16/2026 | Yes | 12 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.11 | 1.19 | 0.29 | 1.00 | 0.29 | 0.34 | 115 | 145 | -0.28 | -0.02 | 49.25 | 46.00 | 1/16/2026 | No | 13 | 60 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.21 | 2.39 | 0.70 | 2.50 | 0.28 | 0.46 | 1328 | 64 | -0.28 | -0.04 | 64.27 | 60.00 | 1/16/2026 | Yes | 12 | 65 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 5.10 | 5.80 | 1.35 | 5.00 | 0.27 | 0.35 | 0 | 1 | -0.30 | -0.10 | 207.41 | 195.00 | 1/16/2026 | No | 14 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.80 | 14.05 | 2.65 | 10.00 | 0.27 | 0.52 | 792 | 1186 | -0.27 | -0.26 | 397.57 | 360.00 | 1/16/2026 | Yes | 8 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.85 | 8.20 | 2.63 | 10.00 | 0.26 | 0.40 | 255 | 168 | -0.28 | -0.16 | 289.96 | 270.00 | 1/16/2026 | Yes | 22 | 75 |
Dividend Stock List |
|
| HD | Home Depot Inc | Options Chain | 5.75 | 6.20 | 1.30 | 5.00 | 0.26 | 0.24 | 61 | 29 | -0.30 | -0.11 | 355.47 | 340.00 | 1/16/2026 | No | 8 | 60 | None | |
| C | Citigroup Inc | Options Chain | 2.51 | 2.64 | 0.64 | 2.50 | 0.26 | 0.33 | 144 | 721 | -0.29 | -0.05 | 102.50 | 97.50 | 1/16/2026 | Yes | 16 | 83 | None | |
| STM | ST Microelectronics | Options Chain | 0.55 | 0.65 | 0.25 | 1.00 | 0.25 | 0.40 | 46 | 12 | -0.26 | -0.01 | 22.65 | 21.00 | 1/16/2026 | No | 13 | 51 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.95 | 3.40 | 1.23 | 5.00 | 0.25 | 0.53 | 190 | 28 | -0.27 | -0.05 | 88.91 | 80.00 | 1/16/2026 | No | 18 | 66 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 4.20 | 4.50 | 1.20 | 5.00 | 0.24 | 0.40 | 63 | 25 | -0.26 | -0.09 | 173.02 | 160.00 | 1/16/2026 | No | 14 | 72 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.80 | 7.95 | 1.20 | 5.00 | 0.24 | 0.24 | 243 | 862 | -0.27 | -0.19 | 485.50 | 465.00 | 1/16/2026 | No | 14 | 69 | None | |
| SCCO | Southern Copper Corporation | Options Chain | 3.40 | 4.10 | 1.17 | 5.00 | 0.23 | 0.39 | 30 | 29 | -0.28 | -0.08 | 133.03 | 125.00 | 1/16/2026 | No | 11 | 64 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.39 | 1.53 | 0.58 | 2.50 | 0.23 | 0.22 | 1016 | 21 | -0.28 | -0.04 | 93.32 | 90.00 | 1/16/2026 | No | 11 | 68 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.99 | 1.04 | 0.23 | 1.00 | 0.23 | 0.38 | 485 | 583 | -0.26 | -0.02 | 42.15 | 39.00 | 1/16/2026 | No | 11 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.55 | 3.75 | 1.15 | 5.00 | 0.23 | 0.33 | 69 | 115 | -0.28 | -0.07 | 165.14 | 155.00 | 1/16/2026 | No | 12 | 60 | None | |
| TGT | Target Corp | Options Chain | 2.11 | 2.19 | 1.14 | 5.00 | 0.23 | 0.33 | 172 | 180 | -0.28 | -0.04 | 89.80 | 85.00 | 1/16/2026 | No | 12 | 65 | None | |
| EBAY | EBay Inc | Options Chain | 1.35 | 1.53 | 0.57 | 2.50 | 0.23 | 0.29 | 16 | 12 | -0.26 | -0.03 | 82.49 | 77.50 | 1/16/2026 | No | 9 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.20 | 5.60 | 1.12 | 5.00 | 0.22 | 0.28 | 299 | 138 | -0.25 | -0.10 | 307.64 | 290.00 | 1/16/2026 | Yes | 11 | 79 | None | |
| AMAT | Applied Materials Inc | Options Chain | 6.25 | 6.75 | 2.22 | 10.00 | 0.22 | 0.42 | 141 | 120 | -0.25 | -0.14 | 249.97 | 230.00 | 1/16/2026 | No | 13 | 67 | None | |
| OMC | Omnicom Group Inc | Options Chain | 0.55 | 1.80 | 0.55 | 2.50 | 0.22 | 0.34 | 22 | 9 | -0.21 | -0.02 | 71.50 | 65.00 | 1/16/2026 | No | 15 | 71 | None | |
| COP | Conoco Phillips | Options Chain | 1.52 | 1.66 | 0.54 | 2.50 | 0.22 | 0.28 | 2 | 98 | -0.27 | -0.04 | 87.09 | 82.50 | 1/16/2026 | No | 9 | 76 | None | |
| OKE | Oneok Inc | Options Chain | 1.15 | 1.50 | 0.53 | 2.50 | 0.21 | 0.30 | 25 | 1738 | -0.25 | -0.03 | 71.51 | 67.50 | 1/16/2026 | No | 15 | 75 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.92 | 0.97 | 0.21 | 1.00 | 0.21 | 0.28 | 1049 | 263 | -0.27 | -0.02 | 52.99 | 50.00 | 1/16/2026 | Yes | 13 | 74 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.36 | 1.45 | 0.52 | 2.50 | 0.21 | 0.43 | 60 | 105 | -0.22 | -0.03 | 64.33 | 57.50 | 1/16/2026 | Yes | 8 | 57 | None | |
| KR | Kroger Company | Options Chain | 0.94 | 1.36 | 0.52 | 2.50 | 0.21 | 0.31 | 7 | 31 | -0.27 | -0.04 | 67.03 | 62.50 | 1/16/2026 | Yes | 14 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.95 | 1.15 | 0.52 | 2.50 | 0.21 | 0.27 | 28 | 8 | -0.29 | -0.02 | 54.88 | 52.50 | 1/16/2026 | Yes | 12 | 63 | None | |
| V | Visa Inc - Class A | Options Chain | 4.35 | 4.65 | 1.02 | 5.00 | 0.20 | 0.22 | 210 | 70 | -0.25 | -0.12 | 333.79 | 320.00 | 1/16/2026 | No | 10 | 69 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.80 | 2.65 | 1.00 | 5.00 | 0.20 | 0.29 | 55 | 41 | -0.26 | -0.06 | 127.69 | 120.00 | 1/16/2026 | No | 13 | 64 | None | |
| SYF | Synchrony Financial | Options Chain | 1.55 | 1.90 | 0.50 | 2.50 | 0.20 | 0.33 | 162 | 23 | -0.27 | -0.04 | 76.95 | 72.50 | 1/16/2026 | No | 16 | 73 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.00 | 1.20 | 0.50 | 2.50 | 0.20 | 0.28 | 3 | 3 | -0.28 | -0.03 | 60.55 | 57.50 | 1/16/2026 | No | 15 | 53 | None | |
| HPQ | HP Inc | Options Chain | 0.48 | 0.65 | 0.20 | 1.00 | 0.20 | 0.37 | 309 | 185 | -0.24 | -0.01 | 23.98 | 22.00 | 1/16/2026 | No | 13 | 50 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.55 | 0.20 | 1.00 | 0.20 | 0.21 | 167 | 64 | -0.27 | -0.01 | 40.88 | 39.00 | 1/16/2026 | No | 15 | 71 | None | |
| EXC | Exelon Corp | Options Chain | 0.55 | 0.75 | 0.20 | 1.00 | 0.20 | 0.20 | 2 | 20 | -0.29 | -0.01 | 46.57 | 45.00 | 1/16/2026 | No | 11 | 69 | None | |
| WMT | Walmart Inc | Options Chain | 1.58 | 1.62 | 0.96 | 5.00 | 0.19 | 0.21 | 1039 | 617 | -0.28 | -0.03 | 109.10 | 105.00 | 1/16/2026 | No | 9 | 59 | None | |
| NVO | Novo Nordisk | Options Chain | 1.27 | 1.33 | 0.95 | 5.00 | 0.19 | 0.41 | 2590 | 277 | -0.26 | -0.03 | 48.71 | 45.00 | 1/16/2026 | No | 14 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.46 | 1.59 | 0.47 | 2.50 | 0.19 | 0.31 | 119 | 122 | -0.24 | -0.04 | 85.56 | 80.00 | 1/16/2026 | Yes | 11 | 74 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.05 | 1.14 | 0.46 | 2.50 | 0.18 | 0.23 | 688 | 411 | -0.27 | -0.02 | 76.07 | 72.50 | 1/16/2026 | No | 9 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.62 | 0.65 | 0.46 | 2.50 | 0.18 | 0.33 | 184 | 1 | -0.30 | -0.01 | 26.57 | 25.00 | 1/16/2026 | No | 14 | 64 | None | |
| PNR | Pentair plc | Options Chain | 0.50 | 2.45 | 0.45 | 2.50 | 0.18 | 0.23 | 5 | 0 | -0.26 | -0.03 | 106.08 | 100.00 | 1/16/2026 | No | 12 | 65 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.20 | 0.35 | 0.18 | 1.00 | 0.18 | 0.33 | 0 | 10 | -0.21 | -0.01 | 17.56 | 16.00 | 1/16/2026 | No | 15 | 65 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.53 | 0.62 | 0.18 | 1.00 | 0.18 | 0.51 | 82 | 23 | -0.23 | -0.01 | 21.53 | 19.00 | 1/16/2026 | Yes | 13 | 62 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.95 | 1.20 | 0.18 | 1.00 | 0.18 | 0.31 | 1 | 0 | -0.28 | -0.02 | 49.53 | 47.00 | 1/16/2026 | No | 14 | 66 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.40 | 0.65 | 0.18 | 1.00 | 0.18 | 0.33 | 0 | 60 | -0.30 | -0.01 | 22.24 | 21.00 | 1/16/2026 | Yes | 13 | 68 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.43 | 1.61 | 0.88 | 5.00 | 0.18 | 0.22 | 390 | 229 | -0.25 | -0.04 | 114.77 | 110.00 | 1/16/2026 | No | 11 | 75 | None | |
| A | Agilent Technologies Inc | Options Chain | 2.15 | 2.55 | 0.87 | 5.00 | 0.17 | 0.28 | 2 | 35 | -0.24 | -0.06 | 154.37 | 145.00 | 1/16/2026 | No | 10 | 57 | None |