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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADM | Archer Daniels Midland Company | Options Chain | 1.90 | 2.05 | 0.78 | 2.50 | 0.31 | 0.33 | 4 | 0 | -0.28 | -0.03 | 78.90 | 72.50 | 12/18/2026 | Yes | 17 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 6.05 | 6.15 | 1.55 | 5.00 | 0.31 | 0.62 | 488 | 687 | -0.26 | -0.12 | 144.54 | 125.00 | 12/18/2026 | Yes | 8 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.44 | 1.50 | 0.67 | 2.50 | 0.27 | 0.40 | 51 | 71 | -0.28 | -0.03 | 51.49 | 47.50 | 12/18/2026 | Yes | 13 | 65 | None | |
| CRM | Salesforce Inc | Options Chain | 7.20 | 7.50 | 2.67 | 10.00 | 0.27 | 0.49 | 38 | 54 | -0.26 | -0.14 | 242.11 | 210.00 | 12/18/2026 | Yes | 14 | 70 | None | |
| SYK | Stryker Corp | Options Chain | 6.60 | 8.20 | 2.50 | 10.00 | 0.25 | 0.37 | 1 | 13 | -0.28 | -0.18 | 301.42 | 290.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| AZN | Astrazeneca plc | Options Chain | 3.20 | 3.50 | 1.20 | 5.00 | 0.24 | 0.29 | 5 | 5 | -0.26 | -0.08 | 169.51 | 165.00 | 12/18/2026 | Yes | 13 | 68 | None | |
| GM | General Motors Company | Options Chain | 1.66 | 1.80 | 0.59 | 2.50 | 0.24 | 0.33 | 32 | 43 | -0.28 | -0.04 | 82.48 | 80.00 | 12/18/2026 | No | 14 | 68 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.70 | 0.75 | 0.23 | 1.00 | 0.23 | 0.26 | 70 | 10 | -0.27 | -0.02 | 43.93 | 42.00 | 12/18/2026 | No | 8 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.02 | 1.06 | 0.57 | 2.50 | 0.23 | 0.42 | 2638 | 470 | -0.27 | -0.02 | 37.15 | 35.00 | 12/18/2026 | Yes | 13 | 58 | None | |
| SYF | Synchrony Financial | Options Chain | 1.35 | 1.80 | 0.55 | 2.50 | 0.22 | 0.32 | 6 | 0 | -0.28 | -0.03 | 74.97 | 72.50 | 12/18/2026 | No | 13 | 75 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.79 | 0.80 | 0.22 | 1.00 | 0.22 | 0.26 | 229 | 37 | -0.28 | -0.02 | 50.85 | 49.00 | 12/18/2026 | No | 9 | 65 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.60 | 1.75 | 0.53 | 2.50 | 0.21 | 0.42 | 14 | 21 | -0.24 | -0.03 | 80.96 | 75.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.66 | 1.75 | 1.04 | 5.00 | 0.21 | 0.44 | 68 | 88 | -0.29 | -0.04 | 66.25 | 60.00 | 12/18/2026 | No | 10 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.52 | 0.55 | 0.20 | 1.00 | 0.20 | 0.26 | 4 | 1 | -0.27 | -0.01 | 33.85 | 32.00 | 12/18/2026 | No | 9 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.39 | 0.19 | 1.00 | 0.19 | 0.30 | 6 | 19 | -0.26 | -0.01 | 20.94 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.55 | 0.60 | 0.47 | 2.50 | 0.19 | 0.31 | 332 | 4 | -0.29 | -0.01 | 23.86 | 22.50 | 12/18/2026 | Yes | 7 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.13 | 1.17 | 0.46 | 2.50 | 0.18 | 0.35 | 3 | 1 | -0.23 | -0.03 | 63.11 | 57.50 | 12/18/2026 | Yes | 12 | 70 | None | |
| IP | International Paper Company | Options Chain | 0.75 | 0.90 | 0.43 | 2.50 | 0.17 | 0.41 | 14 | 17 | -0.24 | -0.01 | 34.53 | 32.50 | 12/18/2026 | Yes | 6 | 60 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.78 | 0.88 | 0.43 | 2.50 | 0.17 | 0.25 | 8 | 10 | -0.25 | -0.03 | 59.74 | 57.50 | 12/18/2026 | No | 12 | 65 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.33 | 0.34 | 0.17 | 1.00 | 0.17 | 0.34 | 7 | 5 | -0.22 | -0.01 | 21.57 | 20.00 | 12/18/2026 | No | 16 | 70 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.70 | 0.17 | 1.00 | 0.17 | 0.29 | 0 | 2 | -0.27 | -0.01 | 38.46 | 37.00 | 12/18/2026 | No | 15 | 80 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.95 | 0.99 | 0.42 | 2.50 | 0.17 | 0.23 | 22 | 34 | -0.24 | -0.02 | 81.02 | 77.50 | 12/18/2026 | No | 7 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 0.60 | 0.63 | 0.39 | 2.50 | 0.16 | 0.37 | 52 | 0 | -0.19 | -0.02 | 38.29 | 35.00 | 12/18/2026 | Yes | 11 | 50 | None | |
| KO | Coca-Cola Company | Options Chain | 0.81 | 0.85 | 0.38 | 2.50 | 0.15 | 0.19 | 157 | 87 | -0.23 | -0.02 | 92.75 | 87.50 | 12/18/2026 | No | 9 | 61 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.60 | 0.15 | 1.00 | 0.15 | 0.22 | 6 | 1 | -0.27 | -0.01 | 45.49 | 43.00 | 12/18/2026 | Yes | 8 | 59 | None |