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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corp | Options Chain | 1.30 | 1.64 | 0.49 | 1.00 | 0.49 | 0.22 | 10 | 0 | -0.28 | -0.05 | 116.86 | 115.00 | 1/30/2026 | Yes | 9 | 67 | None | |
| C | Citigroup Inc | Options Chain | 2.08 | 2.58 | 0.36 | 1.00 | 0.36 | 0.29 | 0 | 12 | -0.30 | -0.06 | 118.09 | 115.00 | 1/30/2026 | Yes | 15 | 79 | None | |
| WMT | Walmart Inc | Options Chain | 1.25 | 1.60 | 0.34 | 1.00 | 0.34 | 0.22 | 1 | 10 | -0.28 | -0.04 | 112.60 | 108.00 | 1/30/2026 | No | 9 | 55 | None | |
| TGT | Target Corp | Options Chain | 1.69 | 1.93 | 0.33 | 1.00 | 0.33 | 0.32 | 18 | 0 | -0.28 | -0.05 | 95.20 | 90.00 | 1/30/2026 | No | 12 | 66 | None | |
| NVO | Novo Nordisk | Options Chain | 1.01 | 1.33 | 0.31 | 1.00 | 0.31 | 0.38 | 8 | 112 | -0.28 | -0.03 | 48.10 | 49.00 | 1/30/2026 | No | 11 | 51 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.05 | 8.45 | 1.50 | 5.00 | 0.30 | 0.38 | 86 | 10 | -0.30 | -0.21 | 325.16 | 310.00 | 1/30/2026 | Yes | 9 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.30 | 8.80 | 1.45 | 5.00 | 0.29 | 0.26 | 81 | 82 | -0.30 | -0.23 | 484.92 | 470.00 | 1/30/2026 | No | 14 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.05 | 1.40 | 0.29 | 1.00 | 0.29 | 0.37 | 1 | 58 | -0.29 | -0.03 | 50.64 | 49.00 | 1/30/2026 | Yes | 11 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.80 | 8.10 | 1.32 | 5.00 | 0.26 | 0.40 | 49 | 11 | -0.27 | -0.23 | 341.45 | 325.00 | 1/30/2026 | No | 12 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.85 | 0.95 | 0.26 | 1.00 | 0.26 | 0.26 | 53 | 16 | -0.27 | -0.03 | 57.22 | 55.00 | 1/30/2026 | No | 13 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.85 | 6.15 | 1.27 | 5.00 | 0.25 | 0.35 | 4 | 19 | -0.29 | -0.16 | 293.28 | 280.00 | 1/30/2026 | Yes | 22 | 69 |
Dividend Stock List |
|
| MRK | Merck & Co Inc | Options Chain | 1.43 | 1.73 | 0.25 | 1.00 | 0.25 | 0.25 | 0 | 6 | -0.29 | -0.05 | 104.72 | 101.00 | 1/30/2026 | No | 16 | 75 | None | |
| ORCL | Oracle Corp | Options Chain | 4.45 | 4.80 | 1.23 | 5.00 | 0.25 | 0.43 | 49 | 107 | -0.26 | -0.12 | 198.38 | 180.00 | 1/30/2026 | No | 10 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.53 | 0.22 | 1.00 | 0.22 | 0.22 | 25 | 307 | -0.20 | -0.01 | 39.98 | 38.00 | 1/30/2026 | Yes | 15 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.55 | 0.65 | 0.22 | 1.00 | 0.22 | 0.27 | 9 | 4 | -0.27 | -0.02 | 39.62 | 38.00 | 1/30/2026 | No | 7 | 59 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.82 | 0.90 | 0.22 | 1.00 | 0.22 | 0.25 | 3 | 1 | -0.29 | -0.03 | 55.88 | 54.00 | 1/30/2026 | Yes | 10 | 65 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 0.65 | 1.05 | 0.22 | 1.00 | 0.22 | 0.18 | 5 | 1 | -0.30 | -0.02 | 72.58 | 71.00 | 1/30/2026 | Yes | 12 | 63 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.51 | 0.61 | 0.21 | 1.00 | 0.21 | 0.37 | 28 | 19 | -0.26 | -0.01 | 29.26 | 27.00 | 1/30/2026 | Yes | 13 | 63 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.27 | 0.32 | 0.18 | 1.00 | 0.18 | 0.22 | 16 | 4 | -0.27 | -0.01 | 24.51 | 23.00 | 1/30/2026 | No | 6 | 56 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.09 | 2.69 | 0.85 | 5.00 | 0.17 | 0.29 | 12 | 2 | -0.24 | -0.08 | 174.79 | 165.00 | 1/30/2026 | No | 10 | 62 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.75 | 4.20 | 0.83 | 5.00 | 0.17 | 0.25 | 10 | 37 | -0.26 | -0.12 | 323.02 | 310.00 | 1/30/2026 | Yes | 11 | 78 | None | |
| T | AT&T Inc | Options Chain | 0.30 | 0.34 | 0.16 | 1.00 | 0.16 | 0.27 | 5 | 4 | -0.24 | -0.01 | 24.30 | 23.00 | 1/30/2026 | Yes | 10 | 59 | None |