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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FITB | Fifth Third Bancorp | Options Chain | 0.80 | 2.05 | 0.65 | 1.00 | 0.65 | 0.29 | 27 | 0 | -0.30 | -0.01 | 41.28 | 40.00 | 1/16/2026 | No | 11 | 71 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.60 | 3.80 | 1.70 | 5.00 | 0.34 | 0.58 | 106 | 3 | -0.24 | -0.04 | 79.81 | 70.00 | 1/16/2026 | No | 18 | 66 | None | |
| NEM | Newmont Corp | Options Chain | 2.90 | 3.15 | 0.83 | 2.50 | 0.33 | 0.45 | 196 | 385 | -0.29 | -0.05 | 83.49 | 77.50 | 1/16/2026 | No | 18 | 71 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.31 | 1.50 | 0.31 | 1.00 | 0.31 | 0.38 | 180 | 80 | -0.29 | -0.02 | 46.25 | 43.00 | 1/16/2026 | No | 14 | 63 | None | |
| AVGO | Broadcom Inc | Options Chain | 16.05 | 16.35 | 3.07 | 10.00 | 0.31 | 0.58 | 202 | 399 | -0.29 | -0.25 | 340.20 | 310.00 | 1/16/2026 | Yes | 9 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 9.80 | 10.40 | 1.52 | 5.00 | 0.30 | 0.62 | 1190 | 342 | -0.29 | -0.16 | 198.76 | 180.00 | 1/16/2026 | Yes | 8 | 62 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.95 | 2.65 | 0.70 | 2.50 | 0.28 | 0.52 | 27 | 22 | -0.30 | -0.04 | 54.64 | 50.00 | 1/16/2026 | Yes | 16 | 67 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.45 | 5.15 | 1.38 | 5.00 | 0.28 | 0.56 | 555 | 83 | -0.26 | -0.09 | 117.40 | 110.00 | 1/16/2026 | Yes | 17 | 64 | None | |
| VST | Vistra Corp | Options Chain | 7.10 | 8.55 | 1.35 | 5.00 | 0.27 | 0.55 | 21 | 101 | -0.30 | -0.13 | 168.59 | 155.00 | 1/16/2026 | No | 7 | 58 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.95 | 2.07 | 0.66 | 2.50 | 0.26 | 0.44 | 54 | 20 | -0.28 | -0.03 | 62.80 | 57.50 | 1/16/2026 | Yes | 7 | 57 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 3.90 | 4.70 | 1.30 | 5.00 | 0.26 | 0.44 | 15 | 57 | -0.30 | -0.07 | 123.16 | 115.00 | 1/16/2026 | Yes | 12 | 71 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.24 | 1.38 | 0.26 | 1.00 | 0.26 | 0.43 | 73 | 7 | -0.29 | -0.02 | 39.63 | 37.00 | 1/16/2026 | No | 11 | 56 | None | |
| HAL | Halliburton Company | Options Chain | 0.65 | 0.78 | 0.26 | 1.00 | 0.26 | 0.37 | 18 | 0 | -0.29 | -0.01 | 25.82 | 24.00 | 1/16/2026 | No | 9 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.20 | 6.85 | 1.28 | 5.00 | 0.26 | 0.31 | 31 | 53 | -0.27 | -0.13 | 297.44 | 280.00 | 1/16/2026 | No | 10 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.15 | 8.25 | 2.52 | 10.00 | 0.25 | 0.44 | 965 | 778 | -0.25 | -0.15 | 275.06 | 250.00 | 1/16/2026 | No | 22 | 76 |
Dividend Stock List |
|
| BWXT | BWX Technologies Inc | Options Chain | 5.40 | 6.80 | 1.25 | 5.00 | 0.25 | 0.50 | 2 | 4 | -0.27 | -0.12 | 169.81 | 155.00 | 1/16/2026 | No | 10 | 57 | None | |
| HRL | Hormel Foods Corp | Options Chain | 0.40 | 0.65 | 0.25 | 1.00 | 0.25 | 0.35 | 0 | 1 | -0.26 | -0.01 | 22.69 | 21.00 | 1/16/2026 | Yes | 12 | 56 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.55 | 0.25 | 1.00 | 0.25 | 0.37 | 108 | 4 | -0.29 | -0.01 | 13.93 | 13.00 | 1/16/2026 | No | 11 | 67 | None | |
| COP | Conoco Phillips | Options Chain | 1.85 | 2.01 | 0.62 | 2.50 | 0.25 | 0.31 | 15 | 1904 | -0.29 | -0.04 | 87.47 | 82.50 | 1/16/2026 | No | 9 | 76 | None | |
| C | Citigroup Inc | Options Chain | 2.54 | 2.70 | 0.61 | 2.50 | 0.24 | 0.36 | 189 | 149 | -0.27 | -0.05 | 98.70 | 92.50 | 1/16/2026 | Yes | 16 | 82 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.58 | 1.77 | 0.60 | 2.50 | 0.24 | 0.24 | 111 | 72 | -0.29 | -0.03 | 91.00 | 87.50 | 1/16/2026 | No | 11 | 68 | None | |
| MS | Morgan Stanley | Options Chain | 4.25 | 4.40 | 1.18 | 5.00 | 0.24 | 0.34 | 328 | 92 | -0.30 | -0.08 | 158.17 | 150.00 | 1/16/2026 | Yes | 14 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.65 | 9.85 | 1.17 | 5.00 | 0.23 | 0.28 | 1300 | 852 | -0.29 | -0.20 | 472.12 | 450.00 | 1/16/2026 | No | 14 | 69 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.92 | 2.05 | 0.58 | 2.50 | 0.23 | 0.52 | 23 | 123 | -0.25 | -0.04 | 55.97 | 52.50 | 1/16/2026 | Yes | 13 | 65 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.72 | 1.84 | 0.58 | 2.50 | 0.23 | 0.30 | 36 | 232 | -0.26 | -0.04 | 90.51 | 85.00 | 1/16/2026 | No | 13 | 68 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 1.25 | 1.60 | 0.58 | 2.50 | 0.23 | 0.31 | 45 | 2 | -0.30 | -0.02 | 52.30 | 50.00 | 1/16/2026 | No | 16 | 82 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.56 | 0.66 | 0.23 | 1.00 | 0.23 | 0.53 | 75 | 59 | -0.23 | -0.01 | 20.52 | 18.00 | 1/16/2026 | Yes | 13 | 60 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.10 | 1.35 | 0.23 | 1.00 | 0.23 | 0.36 | 0 | 1 | -0.26 | -0.03 | 48.88 | 46.00 | 1/16/2026 | No | 14 | 66 | None | |
| OKE | Oneok Inc | Options Chain | 1.15 | 1.45 | 0.57 | 2.50 | 0.23 | 0.32 | 52 | 21 | -0.23 | -0.03 | 70.53 | 65.00 | 1/16/2026 | No | 15 | 75 | None | |
| EQT | EQT Corp | Options Chain | 1.33 | 1.49 | 0.57 | 2.50 | 0.23 | 0.38 | 11 | 64 | -0.26 | -0.03 | 56.35 | 52.50 | 1/16/2026 | No | 11 | 68 | None | |
| HD | Home Depot Inc | Options Chain | 5.95 | 6.60 | 1.13 | 5.00 | 0.23 | 0.26 | 26 | 27 | -0.28 | -0.11 | 343.32 | 325.00 | 1/16/2026 | No | 8 | 61 | None | |
| A | Agilent Technologies Inc | Options Chain | 3.00 | 4.00 | 1.12 | 5.00 | 0.22 | 0.36 | 8 | 4 | -0.26 | -0.07 | 151.25 | 140.00 | 1/16/2026 | Yes | 12 | 57 | None | |
| MMC | Marsh & McLennan Cos. Inc | Options Chain | 3.00 | 4.20 | 1.12 | 5.00 | 0.22 | 0.25 | 2 | 12 | -0.30 | -0.08 | 180.92 | 175.00 | 1/16/2026 | No | 13 | 68 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.71 | 1.90 | 0.55 | 2.50 | 0.22 | 0.33 | 64 | 3081 | -0.25 | -0.04 | 83.11 | 77.50 | 1/16/2026 | Yes | 11 | 74 | None | |
| SYF | Synchrony Financial | Options Chain | 1.80 | 2.25 | 0.55 | 2.50 | 0.22 | 0.37 | 152 | 0 | -0.28 | -0.04 | 74.62 | 70.00 | 1/16/2026 | No | 16 | 74 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.50 | 0.60 | 0.22 | 1.00 | 0.22 | 0.38 | 2 | 0 | -0.27 | -0.01 | 21.30 | 20.00 | 1/16/2026 | Yes | 13 | 68 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.05 | 1.35 | 0.22 | 1.00 | 0.22 | 0.40 | 30 | 16 | -0.29 | -0.02 | 38.48 | 36.00 | 1/16/2026 | No | 10 | 67 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.50 | 2.90 | 1.09 | 5.00 | 0.22 | 0.21 | 142 | 410 | -0.27 | -0.05 | 203.90 | 195.00 | 1/16/2026 | No | 12 | 76 | None | |
| FAST | Fastenal Company | Options Chain | 0.45 | 0.80 | 0.23 | 1.06 | 0.22 | 0.28 | 0 | 2 | -0.24 | -0.02 | 39.15 | 37.31 | 1/16/2026 | No | 13 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.65 | 6.20 | 1.08 | 5.00 | 0.22 | 0.29 | 345 | 317 | -0.27 | -0.11 | 298.02 | 280.00 | 1/16/2026 | Yes | 11 | 79 | None | |
| SHW | Sherwin-Williams Company | Options Chain | 4.90 | 6.60 | 2.10 | 10.00 | 0.21 | 0.26 | 10 | 1 | -0.26 | -0.12 | 337.06 | 320.00 | 1/16/2026 | No | 10 | 55 | None | |
| AMAT | Applied Materials Inc | Options Chain | 5.45 | 6.20 | 1.05 | 5.00 | 0.21 | 0.46 | 32 | 1 | -0.23 | -0.13 | 224.00 | 200.00 | 1/16/2026 | No | 13 | 68 | None | |
| NUE | Nucor Corp | Options Chain | 3.40 | 3.70 | 1.05 | 5.00 | 0.21 | 0.37 | 29 | 5 | -0.27 | -0.08 | 152.35 | 140.00 | 1/16/2026 | No | 14 | 67 | None | |
| WMT | Walmart Inc | Options Chain | 1.55 | 1.66 | 0.52 | 2.50 | 0.21 | 0.24 | 636 | 243 | -0.27 | -0.03 | 105.32 | 100.00 | 1/16/2026 | Yes | 9 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.95 | 1.15 | 0.52 | 2.50 | 0.21 | 0.30 | 13 | 5 | -0.27 | -0.02 | 53.08 | 50.00 | 1/16/2026 | No | 12 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.80 | 7.65 | 2.05 | 10.00 | 0.20 | 0.39 | 793 | 981 | -0.24 | -0.14 | 319.97 | 290.00 | 1/16/2026 | Yes | 12 | 67 | None | |
| GM | General Motors Company | Options Chain | 1.32 | 1.42 | 0.50 | 2.50 | 0.20 | 0.33 | 137 | 22 | -0.24 | -0.03 | 70.33 | 65.00 | 1/16/2026 | No | 12 | 74 | None | |
| MO | Altria Group Inc | Options Chain | 0.75 | 0.95 | 0.50 | 2.50 | 0.20 | 0.23 | 93 | 12 | -0.25 | -0.01 | 58.19 | 55.00 | 1/16/2026 | No | 12 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.95 | 1.00 | 0.50 | 2.50 | 0.20 | 0.31 | 73 | 61 | -0.27 | -0.02 | 48.33 | 45.00 | 1/16/2026 | Yes | 13 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.02 | 1.08 | 0.20 | 1.00 | 0.20 | 0.32 | 44 | 160 | -0.26 | -0.02 | 51.56 | 48.00 | 1/16/2026 | Yes | 12 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.51 | 0.57 | 0.20 | 1.00 | 0.20 | 0.21 | 243 | 468 | -0.26 | -0.01 | 41.23 | 39.00 | 1/16/2026 | No | 15 | 71 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 0.75 | 0.20 | 1.00 | 0.20 | 0.21 | 0 | 20 | -0.27 | -0.02 | 45.41 | 44.00 | 1/16/2026 | No | 11 | 69 | None | |
| GFI | Gold Fields Ltd | Options Chain | 1.75 | 1.80 | 0.20 | 1.00 | 0.20 | 0.56 | 10 | 19 | -0.30 | -0.03 | 38.45 | 35.00 | 1/16/2026 | No | 13 | 61 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.25 | 1.90 | 0.98 | 5.00 | 0.20 | 0.27 | 1 | 7 | -0.29 | -0.02 | 68.16 | 65.00 | 1/16/2026 | No | 10 | 62 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.23 | 2.39 | 0.96 | 5.00 | 0.19 | 0.22 | 118 | 100 | -0.27 | -0.05 | 150.92 | 145.00 | 1/16/2026 | No | 12 | 71 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.00 | 1.25 | 0.48 | 2.50 | 0.19 | 0.30 | 122 | 14 | -0.26 | -0.03 | 58.63 | 55.00 | 1/16/2026 | No | 14 | 53 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.50 | 2.40 | 0.95 | 5.00 | 0.19 | 0.30 | 5 | 0 | -0.23 | -0.04 | 113.55 | 105.00 | 1/16/2026 | No | 11 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.80 | 4.35 | 0.95 | 5.00 | 0.19 | 0.39 | 112 | 3500 | -0.27 | -0.08 | 163.30 | 150.00 | 1/16/2026 | No | 12 | 60 | None | |
| TGT | Target Corp | Options Chain | 1.62 | 1.83 | 0.93 | 5.00 | 0.19 | 0.36 | 541 | 110 | -0.23 | -0.04 | 87.62 | 80.00 | 1/16/2026 | No | 12 | 65 | None | |
| F | Ford Motor Company | Options Chain | 0.26 | 0.28 | 0.06 | 0.33 | 0.18 | 0.33 | 356 | 306 | -0.25 | -0.01 | 12.41 | 12.00 | 1/16/2026 | No | 16 | 55 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.09 | 1.29 | 0.45 | 2.50 | 0.18 | 0.28 | 115 | 58 | -0.23 | -0.03 | 83.48 | 77.50 | 1/16/2026 | No | 6 | 62 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.87 | 1.14 | 0.45 | 2.50 | 0.18 | 0.29 | 125 | 38 | -0.28 | -0.01 | 47.78 | 45.00 | 1/16/2026 | No | 15 | 65 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.70 | 0.18 | 1.00 | 0.18 | 0.44 | 0 | 4 | -0.24 | -0.01 | 23.22 | 21.00 | 1/16/2026 | No | 16 | 67 | None | |
| TROW | T. Rowe Price Group Inc | Options Chain | 1.70 | 2.30 | 0.87 | 5.00 | 0.17 | 0.25 | 30 | 0 | -0.27 | -0.02 | 100.31 | 95.00 | 1/16/2026 | No | 19 | 62 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.96 | 1.13 | 0.43 | 2.50 | 0.17 | 0.29 | 71 | 200 | -0.22 | -0.03 | 75.44 | 70.00 | 1/16/2026 | No | 9 | 66 | None | |
| PRU | Prudential Financial Inc | Options Chain | 1.15 | 1.80 | 0.43 | 2.50 | 0.17 | 0.26 | 5 | 0 | -0.25 | -0.04 | 106.75 | 100.00 | 1/16/2026 | No | 17 | 71 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.25 | 0.45 | 0.17 | 1.00 | 0.17 | 0.34 | 12 | 7 | -0.25 | -0.01 | 17.42 | 16.00 | 1/16/2026 | No | 12 | 59 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.00 | 1.20 | 0.40 | 2.50 | 0.16 | 0.29 | 297 | 7 | -0.22 | -0.03 | 69.99 | 65.00 | 1/16/2026 | No | 13 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.64 | 0.80 | 0.40 | 2.50 | 0.16 | 0.36 | 175 | 3101 | -0.24 | -0.01 | 35.16 | 32.50 | 1/16/2026 | No | 10 | 64 | None | |
| NOK | Nokia Corp | Options Chain | 0.10 | 0.14 | 0.08 | 0.50 | 0.16 | 0.34 | 24 | 20 | -0.23 | 0.00 | 5.94 | 5.50 | 1/16/2026 | No | 17 | 46 | None | |
| SLB | SLB | Options Chain | 0.67 | 0.75 | 0.39 | 2.50 | 0.16 | 0.38 | 77 | 132 | -0.23 | -0.01 | 36.19 | 32.50 | 1/16/2026 | Yes | 12 | 69 | None | |
| KO | Coca-Cola Company | Options Chain | 0.82 | 0.88 | 0.39 | 2.50 | 0.16 | 0.18 | 1012 | 293 | -0.28 | -0.02 | 72.95 | 70.00 | 1/16/2026 | No | 9 | 70 | None | |
| D | Dominion Energy Inc | Options Chain | 0.65 | 0.80 | 0.38 | 2.50 | 0.15 | 0.22 | 22 | 7 | -0.22 | -0.01 | 60.83 | 57.50 | 1/16/2026 | No | 10 | 62 | None | |
| CLX | Clorox Company | Options Chain | 1.05 | 1.80 | 0.75 | 5.00 | 0.15 | 0.31 | 41 | 5 | -0.19 | -0.04 | 103.92 | 95.00 | 1/16/2026 | No | 13 | 54 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.22 | 25 | 20 | -0.22 | -0.01 | 36.12 | 34.00 | 1/16/2026 | No | 8 | 67 | None | |
| BCS | Barclays plc | Options Chain | 0.40 | 0.50 | 0.15 | 1.00 | 0.15 | 0.37 | 0 | 1 | -0.24 | -0.01 | 20.84 | 19.00 | 1/16/2026 | No | 17 | 55 | None |