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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp | Options Chain | 1.25 | 1.40 | 0.30 | 1.00 | 0.30 | 0.50 | 0 | 74 | -0.27 | -0.03 | 36.74 | 35.00 | 1/16/2026 | No | 19 | 60 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.05 | 1.25 | 0.30 | 1.00 | 0.30 | 0.34 | 0 | 4 | -0.28 | -0.02 | 48.88 | 46.00 | 1/16/2026 | No | 14 | 66 | None | |
| AVGO | Broadcom Inc | Options Chain | 15.40 | 15.60 | 2.97 | 10.00 | 0.30 | 0.56 | 1058 | 632 | -0.30 | -0.28 | 340.20 | 340.00 | 1/16/2026 | Yes | 9 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 8.65 | 8.85 | 1.47 | 5.00 | 0.29 | 0.61 | 390 | 64 | -0.27 | -0.16 | 198.76 | 180.00 | 1/16/2026 | Yes | 9 | 62 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.25 | 1.33 | 0.29 | 1.00 | 0.29 | 0.37 | 388 | 245 | -0.29 | -0.02 | 46.25 | 45.00 | 1/16/2026 | No | 14 | 63 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 3.30 | 4.00 | 1.42 | 5.00 | 0.28 | 0.55 | 5 | 1 | -0.30 | -0.05 | 79.81 | 75.00 | 1/16/2026 | No | 18 | 66 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 3.70 | 4.20 | 1.37 | 5.00 | 0.27 | 0.42 | 20 | 1 | -0.30 | -0.08 | 123.16 | 115.00 | 1/16/2026 | Yes | 13 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.80 | 9.10 | 2.72 | 10.00 | 0.27 | 0.38 | 132 | 77 | -0.30 | -0.15 | 319.97 | 300.00 | 1/16/2026 | Yes | 12 | 67 | None | |
| DRI | Darden Restaurants Inc | Options Chain | 4.30 | 4.80 | 1.35 | 5.00 | 0.27 | 0.33 | 2 | 8 | -0.30 | -0.08 | 174.72 | 165.00 | 1/16/2026 | Yes | 13 | 71 | None | |
| C | Citigroup Inc | Options Chain | 2.64 | 2.73 | 0.67 | 2.50 | 0.27 | 0.35 | 20 | 29 | -0.30 | -0.05 | 98.70 | 95.00 | 1/16/2026 | Yes | 16 | 82 | None | |
| PCAR | Paccar Inc | Options Chain | 2.00 | 2.25 | 0.48 | 1.80 | 0.27 | 0.28 | 6 | 4 | -0.29 | -0.05 | 102.99 | 98.80 | 1/16/2026 | No | 10 | 64 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.22 | 2.31 | 0.66 | 2.50 | 0.26 | 0.50 | 32 | 10 | -0.29 | -0.04 | 58.57 | 55.00 | 1/16/2026 | Yes | 12 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.35 | 6.65 | 1.30 | 5.00 | 0.26 | 0.31 | 33 | 15 | -0.28 | -0.14 | 297.44 | 290.00 | 1/16/2026 | No | 10 | 68 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.50 | 6.70 | 1.30 | 5.00 | 0.26 | 0.28 | 23 | 113 | -0.30 | -0.11 | 298.02 | 285.00 | 1/16/2026 | Yes | 11 | 79 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.19 | 1.20 | 0.26 | 1.00 | 0.26 | 0.41 | 83 | 19 | -0.28 | -0.02 | 39.87 | 38.00 | 1/16/2026 | No | 11 | 56 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.40 | 4.75 | 1.28 | 5.00 | 0.26 | 0.55 | 11 | 43 | -0.26 | -0.09 | 122.51 | 115.00 | 1/16/2026 | Yes | 17 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.84 | 1.93 | 0.64 | 2.50 | 0.26 | 0.43 | 16 | 12 | -0.27 | -0.03 | 62.80 | 57.50 | 1/16/2026 | Yes | 7 | 57 | None | |
| BK | Bank Of New York Mellon Corp | Options Chain | 1.60 | 2.05 | 0.63 | 2.50 | 0.25 | 0.30 | 20 | 0 | -0.28 | -0.05 | 106.43 | 100.00 | 1/16/2026 | Yes | 15 | 75 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.50 | 8.00 | 2.42 | 10.00 | 0.24 | 0.41 | 912 | 464 | -0.27 | -0.15 | 275.06 | 260.00 | 1/16/2026 | No | 22 | 76 |
Dividend Stock List |
|
| RIO | Rio Tinto plc | Options Chain | 1.45 | 1.50 | 0.60 | 2.50 | 0.24 | 0.26 | 8 | 16 | -0.30 | -0.03 | 69.99 | 67.50 | 1/16/2026 | No | 13 | 74 | None | |
| GM | General Motors Company | Options Chain | 1.67 | 1.71 | 0.59 | 2.50 | 0.24 | 0.31 | 143 | 13 | -0.30 | -0.03 | 70.33 | 67.50 | 1/16/2026 | No | 12 | 74 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.68 | 0.71 | 0.23 | 1.00 | 0.23 | 0.51 | 12 | 51 | -0.26 | -0.01 | 20.52 | 19.00 | 1/16/2026 | Yes | 13 | 62 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.85 | 1.00 | 0.23 | 1.00 | 0.23 | 0.29 | 10 | 0 | -0.29 | -0.01 | 42.42 | 40.00 | 1/16/2026 | No | 11 | 73 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.55 | 8.65 | 1.15 | 5.00 | 0.23 | 0.26 | 94 | 470 | -0.28 | -0.19 | 472.12 | 455.00 | 1/16/2026 | No | 14 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.05 | 4.30 | 1.13 | 5.00 | 0.23 | 0.36 | 3 | 125 | -0.28 | -0.08 | 163.30 | 155.00 | 1/16/2026 | No | 12 | 60 | None | |
| COP | Conoco Phillips | Options Chain | 1.69 | 1.74 | 0.55 | 2.50 | 0.22 | 0.30 | 5 | 162 | -0.26 | -0.04 | 87.37 | 82.50 | 1/16/2026 | No | 9 | 76 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.46 | 1.50 | 0.55 | 2.50 | 0.22 | 0.26 | 18 | 127 | -0.28 | -0.04 | 83.48 | 80.00 | 1/16/2026 | No | 6 | 62 | None | |
| HPQ | HP Inc | Options Chain | 0.65 | 0.71 | 0.22 | 1.00 | 0.22 | 0.43 | 36 | 21 | -0.26 | -0.01 | 23.96 | 22.00 | 1/16/2026 | Yes | 14 | 50 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.45 | 0.55 | 0.22 | 1.00 | 0.22 | 0.26 | 0 | 3 | -0.27 | -0.01 | 27.74 | 26.00 | 1/16/2026 | No | 10 | 61 | None | |
| RF | Regions Financial Corp | Options Chain | 0.55 | 0.65 | 0.22 | 1.00 | 0.22 | 0.31 | 7 | 2 | -0.27 | -0.01 | 24.91 | 23.00 | 1/16/2026 | Yes | 13 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.05 | 1.08 | 0.22 | 1.00 | 0.22 | 0.30 | 39 | 49 | -0.29 | -0.02 | 51.56 | 49.00 | 1/16/2026 | Yes | 12 | 74 | None | |
| SCI | Service Corp International | Options Chain | 0.75 | 1.40 | 0.53 | 2.50 | 0.21 | 0.25 | 0 | 1 | -0.23 | -0.02 | 79.87 | 72.50 | 1/16/2026 | No | 9 | 63 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.33 | 1.42 | 0.53 | 2.50 | 0.21 | 0.23 | 110 | 6 | -0.28 | -0.03 | 91.00 | 87.50 | 1/16/2026 | No | 11 | 68 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.66 | 1.69 | 0.51 | 2.50 | 0.20 | 0.33 | 12 | 19 | -0.25 | -0.04 | 83.11 | 77.50 | 1/16/2026 | Yes | 11 | 74 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.95 | 1.00 | 0.50 | 2.50 | 0.20 | 0.29 | 14 | 4 | -0.28 | -0.03 | 53.08 | 50.00 | 1/16/2026 | No | 12 | 63 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.20 | 20 | 0 | -0.24 | -0.01 | 45.75 | 44.00 | 1/16/2026 | No | 11 | 69 | None | |
| STM | ST Microelectronics | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.42 | 1 | 0 | -0.25 | -0.01 | 21.97 | 20.00 | 1/16/2026 | No | 14 | 51 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.45 | 0.20 | 1.00 | 0.20 | 0.36 | 1 | 1 | -0.28 | 0.00 | 13.93 | 13.00 | 1/16/2026 | No | 11 | 67 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.25 | 0.20 | 1.00 | 0.20 | 0.30 | 5 | 4 | -0.30 | 0.00 | 9.40 | 9.00 | 1/16/2026 | No | 21 | 64 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.75 | 0.20 | 1.00 | 0.20 | 0.42 | 17 | 2 | -0.30 | -0.01 | 23.22 | 22.00 | 1/16/2026 | No | 16 | 66 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.20 | 1.28 | 0.49 | 2.50 | 0.20 | 0.26 | 76 | 138 | -0.28 | -0.03 | 76.10 | 72.50 | 1/16/2026 | No | 9 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 1.43 | 1.47 | 0.48 | 2.50 | 0.19 | 0.23 | 94 | 55 | -0.25 | -0.03 | 105.32 | 100.00 | 1/16/2026 | No | 9 | 59 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.10 | 3.30 | 0.95 | 5.00 | 0.19 | 0.42 | 6 | 24 | -0.25 | -0.07 | 131.60 | 125.00 | 1/16/2026 | No | 12 | 60 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.48 | 0.51 | 0.19 | 1.00 | 0.19 | 0.21 | 94 | 126 | -0.23 | -0.01 | 41.23 | 38.00 | 1/16/2026 | No | 15 | 71 | None | |
| TGT | Target Corp | Options Chain | 1.69 | 1.74 | 0.94 | 5.00 | 0.19 | 0.34 | 223 | 476 | -0.25 | -0.04 | 87.62 | 80.00 | 1/16/2026 | No | 12 | 65 | None | |
| MO | Altria Group Inc | Options Chain | 0.80 | 0.86 | 0.47 | 2.50 | 0.19 | 0.20 | 7 | 21 | -0.27 | -0.01 | 58.19 | 55.00 | 1/16/2026 | No | 12 | 66 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 1.05 | 1.15 | 0.47 | 2.50 | 0.19 | 0.30 | 2 | 0 | -0.29 | -0.02 | 52.30 | 50.00 | 1/16/2026 | No | 17 | 82 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.23 | 0.06 | 0.33 | 0.18 | 0.32 | 97 | 209 | -0.23 | -0.01 | 12.83 | 12.00 | 1/16/2026 | No | 16 | 55 | None | |
| INFY | Infosys Ltd | Options Chain | 0.25 | 0.50 | 0.18 | 1.00 | 0.18 | 0.35 | 3 | 0 | -0.25 | -0.01 | 17.70 | 16.00 | 1/16/2026 | Yes | 16 | 54 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.65 | 1.77 | 0.88 | 5.00 | 0.18 | 0.29 | 208 | 79 | -0.26 | -0.03 | 97.76 | 95.00 | 1/16/2026 | No | 16 | 74 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.89 | 0.93 | 0.44 | 2.50 | 0.18 | 0.27 | 4 | 11 | -0.29 | -0.02 | 47.78 | 45.00 | 1/16/2026 | No | 15 | 65 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.20 | 2.26 | 0.86 | 5.00 | 0.17 | 0.20 | 5485 | 186 | -0.25 | -0.05 | 203.90 | 195.00 | 1/16/2026 | No | 12 | 76 | None | |
| EIX | Edison International | Options Chain | 1.05 | 1.15 | 0.42 | 2.50 | 0.17 | 0.30 | 1 | 16 | -0.26 | -0.02 | 58.58 | 55.00 | 1/16/2026 | No | 14 | 75 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.60 | 0.62 | 0.42 | 2.50 | 0.17 | 0.34 | 133 | 0 | -0.27 | -0.01 | 27.35 | 25.00 | 1/16/2026 | No | 13 | 66 | None | |
| A | Agilent Technologies Inc | Options Chain | 2.55 | 2.75 | 0.82 | 5.00 | 0.16 | 0.34 | 57 | 51 | -0.25 | -0.08 | 151.25 | 140.00 | 1/16/2026 | Yes | 12 | 57 | None | |
| FAST | Fastenal Company | Options Chain | 0.45 | 0.55 | 0.17 | 1.06 | 0.16 | 0.25 | 4 | 0 | -0.22 | -0.01 | 39.91 | 37.31 | 1/16/2026 | No | 13 | 54 | None | |
| CL | Colgate-Palmolive Company | Options Chain | 0.80 | 0.90 | 0.40 | 2.50 | 0.16 | 0.23 | 39 | 10 | -0.22 | -0.03 | 80.93 | 75.00 | 1/16/2026 | No | 11 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.34 | 0.37 | 0.16 | 1.00 | 0.16 | 0.25 | 162 | 4 | -0.27 | -0.01 | 25.93 | 24.00 | 1/16/2026 | No | 14 | 66 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.71 | 1.78 | 0.77 | 5.00 | 0.15 | 0.21 | 213 | 78 | -0.25 | -0.05 | 150.92 | 140.00 | 1/16/2026 | No | 11 | 71 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.46 | 1.50 | 0.75 | 5.00 | 0.15 | 0.23 | 75 | 61 | -0.23 | -0.04 | 117.08 | 110.00 | 1/16/2026 | No | 11 | 75 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.40 | 0.15 | 1.00 | 0.15 | 0.38 | 0 | 4 | -0.21 | -0.01 | 20.84 | 19.00 | 1/16/2026 | No | 17 | 55 | None |