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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | Devon Energy Corp | Options Chain | 1.17 | 1.66 | 0.48 | 1.00 | 0.48 | 0.39 | 1 | 0 | -0.29 | -0.03 | 47.77 | 46.00 | 11/27/2026 | Yes | 10 | 57 | None | |
| GLW | Corning Inc | Options Chain | 6.75 | 7.95 | 2.00 | 5.00 | 0.40 | 0.58 | 1 | 7 | -0.29 | -0.13 | 163.88 | 145.00 | 11/27/2026 | Yes | 9 | 54 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.05 | 12.85 | 1.52 | 5.00 | 0.30 | 0.32 | 0 | 2 | -0.30 | -0.24 | 482.30 | 445.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| EQNR | Equinor ASA | Options Chain | 1.00 | 1.10 | 0.30 | 1.00 | 0.30 | 0.40 | 34 | 6 | -0.26 | -0.02 | 43.01 | 40.00 | 11/20/2026 | Yes | 10 | 52 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.90 | 2.00 | 0.70 | 2.50 | 0.28 | 0.34 | 6 | 0 | -0.27 | -0.05 | 85.68 | 80.00 | 11/20/2026 | Yes | 8 | 59 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.65 | 0.75 | 0.25 | 1.00 | 0.25 | 0.41 | 19 | 17 | -0.25 | -0.02 | 30.63 | 29.00 | 11/20/2026 | Yes | 15 | 68 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.15 | 0.55 | 2.50 | 0.22 | 0.38 | 41 | 3 | -0.24 | -0.03 | 54.41 | 50.00 | 11/20/2026 | Yes | 10 | 53 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.60 | 0.22 | 1.00 | 0.22 | 0.42 | 2 | 0 | -0.26 | -0.01 | 22.21 | 21.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.60 | 0.87 | 0.22 | 1.00 | 0.22 | 0.37 | 2 | 0 | -0.27 | -0.02 | 34.36 | 32.00 | 11/27/2026 | No | 13 | 60 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.75 | 0.53 | 2.50 | 0.21 | 0.31 | 52 | 50 | -0.27 | -0.01 | 31.85 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.03 | 3.05 | 1.05 | 5.00 | 0.21 | 0.31 | 12 | 6 | -0.24 | -0.06 | 164.48 | 155.00 | 11/27/2026 | Yes | 13 | 73 | None | |
| VTRS | Viatris Inc | Options Chain | 0.35 | 0.45 | 0.20 | 1.00 | 0.20 | 0.39 | 2 | 1 | -0.24 | -0.01 | 17.54 | 16.00 | 11/20/2026 | Yes | 6 | 52 | None | |
| ING | ING Groep N.V. | Options Chain | 0.65 | 0.75 | 0.20 | 1.00 | 0.20 | 0.36 | 0 | 9 | -0.26 | -0.02 | 33.80 | 31.00 | 11/20/2026 | Yes | 9 | 63 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 0.65 | 0.18 | 1.00 | 0.18 | 0.22 | 3 | 0 | -0.29 | -0.02 | 41.49 | 40.00 | 11/20/2026 | Yes | 11 | 69 | None | |
| INFY | Infosys Ltd | Options Chain | 0.20 | 0.30 | 0.17 | 1.00 | 0.17 | 0.47 | 9 | 0 | -0.18 | 0.00 | 10.53 | 9.00 | 11/20/2026 | Yes | 13 | 44 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.90 | 0.42 | 2.50 | 0.17 | 0.31 | 0 | 2 | -0.26 | -0.01 | 46.25 | 42.50 | 11/20/2026 | Yes | 15 | 81 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 0.90 | 0.40 | 2.50 | 0.16 | 0.22 | 10 | 3 | -0.27 | -0.03 | 85.82 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None |