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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 6.85 | 7.05 | 1.75 | 5.00 | 0.35 | 0.64 | 323 | 390 | -0.29 | -0.12 | 139.56 | 120.00 | 12/18/2026 | Yes | 8 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.85 | 7.10 | 1.55 | 5.00 | 0.31 | 0.56 | 409 | 75 | -0.29 | -0.12 | 185.41 | 150.00 | 12/18/2026 | Yes | 12 | 70 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 8.70 | 9.50 | 2.95 | 10.00 | 0.30 | 0.45 | 73 | 29 | -0.28 | -0.15 | 266.00 | 240.00 | 12/18/2026 | No | 11 | 67 | None | |
| HPQ | HP Inc | Options Chain | 1.07 | 1.16 | 0.29 | 1.00 | 0.29 | 0.57 | 6 | 361 | -0.27 | -0.02 | 29.47 | 26.00 | 12/18/2026 | Yes | 12 | 54 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.50 | 2.60 | 0.72 | 2.50 | 0.29 | 0.44 | 1015 | 37 | -0.27 | -0.05 | 82.08 | 72.50 | 12/18/2026 | No | 8 | 55 | None | |
| SYK | Stryker Corp | Options Chain | 6.60 | 7.40 | 2.85 | 10.00 | 0.29 | 0.33 | 157 | 18 | -0.29 | -0.14 | 311.75 | 280.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.20 | 1.45 | 0.28 | 1.00 | 0.28 | 0.49 | 1 | 1 | -0.28 | -0.03 | 40.73 | 35.00 | 12/18/2026 | Yes | 14 | 58 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.75 | 0.90 | 0.28 | 1.00 | 0.28 | 0.37 | 12 | 4 | -0.30 | -0.01 | 29.60 | 26.00 | 12/18/2026 | No | 7 | 57 | None | |
| GE | General Electric Company | Options Chain | 7.50 | 7.80 | 2.75 | 10.00 | 0.28 | 0.33 | 91 | 9 | -0.30 | -0.16 | 313.05 | 290.00 | 12/18/2026 | No | 8 | 59 | None | |
| ETN | Eaton Corporation plc | Options Chain | 10.30 | 10.90 | 2.65 | 10.00 | 0.27 | 0.45 | 4 | 3 | -0.26 | -0.20 | 393.72 | 340.00 | 12/18/2026 | Yes | 8 | 64 | None | |
| KR | Kroger Company | Options Chain | 1.23 | 1.55 | 0.66 | 2.50 | 0.26 | 0.32 | 2 | 129 | -0.28 | -0.03 | 65.93 | 62.50 | 12/18/2026 | Yes | 10 | 50 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.45 | 11.70 | 2.63 | 10.00 | 0.26 | 0.39 | 417 | 886 | -0.30 | -0.23 | 431.81 | 380.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| BAC | Bank Of America Corp | Options Chain | 0.95 | 0.98 | 0.26 | 1.00 | 0.26 | 0.26 | 127 | 421 | -0.29 | -0.02 | 51.14 | 48.00 | 12/18/2026 | No | 12 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 1.11 | 1.14 | 0.64 | 2.50 | 0.26 | 0.38 | 293 | 475 | -0.30 | -0.02 | 39.14 | 37.50 | 12/18/2026 | Yes | 11 | 50 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.60 | 3.90 | 1.25 | 5.00 | 0.25 | 0.30 | 211 | 184 | -0.29 | -0.07 | 183.29 | 175.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.65 | 0.75 | 0.25 | 1.00 | 0.25 | 0.42 | 1 | 4 | -0.27 | -0.01 | 25.57 | 24.00 | 12/18/2026 | Yes | 10 | 57 | None | |
| EXC | Exelon Corp | Options Chain | 0.55 | 0.70 | 0.25 | 1.00 | 0.25 | 0.18 | 0 | 3 | -0.28 | -0.01 | 47.84 | 44.00 | 12/18/2026 | Yes | 8 | 59 | None | |
| CVX | Chevron Corp | Options Chain | 4.15 | 4.40 | 2.22 | 10.00 | 0.22 | 0.29 | 113 | 148 | -0.26 | -0.08 | 231.46 | 220.00 | 12/18/2026 | Yes | 11 | 69 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.54 | 0.57 | 0.22 | 1.00 | 0.22 | 0.26 | 4 | 3 | -0.26 | -0.01 | 33.97 | 32.00 | 12/18/2026 | No | 10 | 59 | None | |
| OKE | Oneok Inc | Options Chain | 1.45 | 1.65 | 0.52 | 2.50 | 0.21 | 0.29 | 25 | 7 | -0.23 | -0.03 | 95.82 | 90.00 | 12/18/2026 | No | 12 | 71 | None | |
| GIS | General Mills Inc | Options Chain | 0.80 | 0.90 | 0.52 | 2.50 | 0.21 | 0.35 | 138 | 27 | -0.29 | -0.02 | 33.79 | 32.50 | 12/18/2026 | Yes | 7 | 51 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.91 | 0.92 | 0.51 | 2.50 | 0.20 | 0.43 | 154 | 150 | -0.24 | -0.02 | 38.42 | 35.00 | 12/18/2026 | Yes | 13 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 1.97 | 2.04 | 0.97 | 5.00 | 0.19 | 0.30 | 258 | 234 | -0.24 | -0.05 | 121.25 | 115.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.40 | 2.60 | 0.95 | 5.00 | 0.19 | 0.27 | 18 | 1 | -0.24 | -0.07 | 174.40 | 175.00 | 12/18/2026 | Yes | 14 | 69 | None | |
| KO | Coca-Cola Company | Options Chain | 1.02 | 1.05 | 0.47 | 2.50 | 0.19 | 0.20 | 182 | 128 | -0.24 | -0.02 | 94.08 | 90.00 | 12/18/2026 | No | 9 | 61 | None | |
| UL | Unilever plc | Options Chain | 0.90 | 1.00 | 0.47 | 2.50 | 0.19 | 0.23 | 1 | 3 | -0.28 | -0.02 | 64.30 | 62.50 | 12/18/2026 | No | 12 | 66 | None | |
| SYF | Synchrony Financial | Options Chain | 1.20 | 1.45 | 0.45 | 2.50 | 0.18 | 0.33 | 1 | 30 | -0.24 | -0.03 | 76.97 | 70.00 | 12/18/2026 | No | 13 | 75 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.34 | 0.18 | 1.00 | 0.18 | 0.30 | 376 | 45 | -0.23 | -0.01 | 20.92 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.33 | 0.34 | 0.16 | 1.00 | 0.16 | 0.35 | 120 | 72 | -0.20 | -0.01 | 22.27 | 21.00 | 12/18/2026 | No | 16 | 70 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.60 | 0.65 | 0.38 | 2.50 | 0.15 | 0.27 | 16 | 18 | -0.20 | -0.01 | 49.32 | 45.00 | 12/18/2026 | No | 10 | 65 | None | |
| RF | Regions Financial Corp | Options Chain | 0.30 | 0.60 | 0.15 | 1.00 | 0.15 | 0.27 | 0 | 1 | -0.27 | -0.01 | 28.90 | 27.00 | 12/18/2026 | No | 15 | 59 | None |