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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | Target Corp | Options Chain | 2.02 | 2.52 | 0.45 | 1.00 | 0.45 | 0.37 | 31 | 14 | -0.30 | -0.05 | 86.54 | 80.00 | 1/2/2026 | Yes | 13 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 1.10 | 2.10 | 0.38 | 1.00 | 0.38 | 0.26 | 30 | 2 | -0.27 | -0.04 | 101.64 | 102.00 | 1/2/2026 | Yes | 9 | 59 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.96 | 1.48 | 0.35 | 1.00 | 0.35 | 0.46 | 3 | 0 | -0.28 | -0.03 | 39.63 | 37.00 | 1/2/2026 | No | 11 | 56 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.37 | 1.98 | 0.33 | 1.00 | 0.33 | 0.28 | 3 | 1 | -0.28 | -0.03 | 95.05 | 90.00 | 1/2/2026 | No | 16 | 74 | None | |
| MS | Morgan Stanley | Options Chain | 2.43 | 4.75 | 1.65 | 5.00 | 0.33 | 0.37 | 22 | 0 | -0.26 | -0.10 | 162.29 | 150.00 | 1/2/2026 | No | 14 | 74 | None | |
| AMGN | AMGEN Inc | Options Chain | 4.75 | 7.10 | 1.60 | 5.00 | 0.32 | 0.27 | 36 | 0 | -0.30 | -0.11 | 341.27 | 320.00 | 1/2/2026 | No | 11 | 72 | None | |
| LRCX | Lam Research Corp | Options Chain | 3.15 | 5.50 | 1.55 | 5.00 | 0.31 | 0.56 | 2 | 0 | -0.24 | -0.11 | 148.80 | 125.00 | 1/2/2026 | No | 13 | 64 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.56 | 0.99 | 0.30 | 1.00 | 0.30 | 0.36 | 4 | 0 | -0.28 | -0.02 | 35.16 | 33.00 | 1/2/2026 | No | 10 | 64 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.99 | 1.96 | 0.30 | 1.00 | 0.30 | 0.30 | 34 | 0 | -0.30 | -0.04 | 78.88 | 72.00 | 1/2/2026 | No | 9 | 66 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.40 | 14.55 | 1.48 | 5.00 | 0.30 | 0.61 | 7 | 12 | -0.28 | -0.30 | 364.52 | 315.00 | 1/2/2026 | Yes | 9 | 67 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 14.00 | 19.80 | 1.47 | 5.00 | 0.29 | 0.34 | 5 | 3 | -0.29 | -0.35 | 789.48 | 730.00 | 1/2/2026 | No | 15 | 75 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.25 | 7.15 | 1.45 | 5.00 | 0.29 | 0.36 | 3 | 6 | -0.27 | -0.14 | 310.11 | 290.00 | 1/2/2026 | No | 12 | 67 | None | |
| C | Citigroup Inc | Options Chain | 1.87 | 2.57 | 0.29 | 1.00 | 0.29 | 0.34 | 1 | 0 | -0.29 | -0.06 | 100.30 | 93.00 | 1/2/2026 | No | 16 | 83 | None | |
| NEM | Newmont Corp | Options Chain | 2.25 | 2.88 | 0.29 | 1.00 | 0.29 | 0.45 | 4 | 0 | -0.30 | -0.06 | 87.90 | 77.00 | 1/2/2026 | No | 18 | 71 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.01 | 3.30 | 1.40 | 5.00 | 0.28 | 0.27 | 15 | 0 | -0.24 | -0.05 | 146.61 | 140.00 | 1/2/2026 | No | 12 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.70 | 6.25 | 1.38 | 5.00 | 0.28 | 0.31 | 3 | 3 | -0.27 | -0.15 | 291.92 | 275.00 | 1/2/2026 | No | 10 | 68 | None | |
| AMAT | Applied Materials Inc | Options Chain | 5.60 | 8.25 | 1.38 | 5.00 | 0.28 | 0.47 | 1 | 1 | -0.29 | -0.16 | 240.00 | 205.00 | 1/2/2026 | No | 13 | 67 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.72 | 1.15 | 0.26 | 1.00 | 0.26 | 0.34 | 1 | 0 | -0.29 | -0.02 | 41.43 | 39.00 | 1/2/2026 | No | 7 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 7.70 | 9.75 | 1.28 | 5.00 | 0.26 | 0.64 | 9 | 14 | -0.27 | -0.21 | 232.31 | 190.00 | 1/2/2026 | Yes | 8 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.55 | 0.77 | 0.25 | 1.00 | 0.25 | 0.19 | 0 | 2 | -0.24 | -0.01 | 70.98 | 68.00 | 1/2/2026 | No | 9 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.90 | 8.70 | 1.17 | 5.00 | 0.23 | 0.42 | 80 | 11 | -0.29 | -0.18 | 289.95 | 260.00 | 1/2/2026 | No | 22 | 75 |
Dividend Stock List |
|
| CMCSA | Comcast Corp - Class A | Options Chain | 0.44 | 0.68 | 0.23 | 1.00 | 0.23 | 0.35 | 1 | 11 | -0.27 | -0.01 | 26.85 | 25.00 | 1/2/2026 | No | 13 | 64 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.19 | 2.37 | 0.23 | 1.00 | 0.23 | 0.31 | 0 | 27 | -0.27 | -0.05 | 92.75 | 86.00 | 1/2/2026 | No | 13 | 68 | None | |
| V | Visa Inc - Class A | Options Chain | 4.25 | 5.95 | 1.12 | 5.00 | 0.22 | 0.26 | 1 | 0 | -0.27 | -0.15 | 324.56 | 310.00 | 1/2/2026 | No | 10 | 69 | None | |
| ROST | Ross Stores Inc | Options Chain | 1.15 | 5.20 | 1.10 | 5.00 | 0.22 | 0.34 | 0 | 2 | -0.26 | -0.08 | 160.44 | 150.00 | 1/2/2026 | Yes | 13 | 65 | None | |
| NVO | Novo Nordisk | Options Chain | 1.16 | 2.20 | 0.21 | 1.00 | 0.21 | 0.55 | 9 | 2 | -0.28 | -0.05 | 48.92 | 44.00 | 1/2/2026 | No | 14 | 65 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.36 | 1.73 | 0.21 | 1.00 | 0.21 | 0.35 | 0 | 2 | -0.29 | -0.02 | 45.79 | 43.00 | 1/2/2026 | No | 13 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.05 | 5.00 | 1.03 | 5.00 | 0.21 | 0.38 | 0 | 2 | -0.30 | -0.09 | 167.69 | 150.00 | 1/2/2026 | No | 12 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.75 | 10.75 | 1.00 | 5.00 | 0.20 | 0.29 | 61 | 37 | -0.30 | -0.23 | 487.12 | 460.00 | 1/2/2026 | No | 14 | 69 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.64 | 1.12 | 0.20 | 1.00 | 0.20 | 0.30 | 0 | 1 | -0.28 | -0.02 | 46.65 | 44.00 | 1/2/2026 | No | 16 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.04 | 2.03 | 0.20 | 1.00 | 0.20 | 0.42 | 2 | 3 | -0.29 | -0.04 | 62.80 | 57.00 | 1/2/2026 | Yes | 7 | 57 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.58 | 2.80 | 0.87 | 5.00 | 0.17 | 0.20 | 11 | 0 | -0.26 | -0.06 | 201.50 | 195.00 | 1/2/2026 | No | 12 | 76 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.24 | 0.42 | 0.17 | 1.00 | 0.17 | 0.17 | 9 | 1 | -0.28 | -0.01 | 31.89 | 31.00 | 1/2/2026 | No | 11 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.90 | 5.90 | 0.82 | 5.00 | 0.16 | 0.28 | 14 | 7 | -0.26 | -0.15 | 305.00 | 285.00 | 1/2/2026 | No | 11 | 79 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.29 | 0.64 | 0.15 | 1.00 | 0.15 | 0.22 | 10 | 0 | -0.24 | -0.02 | 41.19 | 39.00 | 1/2/2026 | No | 15 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.63 | 0.87 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 8 | -0.25 | -0.02 | 52.21 | 48.00 | 1/2/2026 | No | 12 | 74 | None |