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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COP | Conoco Phillips | Options Chain | 1.34 | 1.90 | 0.79 | 1.00 | 0.79 | 0.29 | 15 | 1 | -0.27 | -0.05 | 95.19 | 88.00 | 1/30/2026 | No | 9 | 76 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.90 | 2.00 | 0.58 | 1.00 | 0.58 | 0.26 | 1 | 3 | -0.29 | -0.03 | 76.25 | 74.00 | 1/30/2026 | No | 7 | 60 | None | |
| DOW | Dow Inc | Options Chain | 0.65 | 0.93 | 0.23 | 0.50 | 0.46 | 0.55 | 0 | 1 | -0.26 | -0.02 | 22.99 | 21.00 | 1/30/2026 | Yes | 11 | 55 | None | |
| GM | General Motors Company | Options Chain | 1.30 | 2.27 | 0.45 | 1.00 | 0.45 | 0.37 | 13 | 15 | -0.27 | -0.05 | 80.66 | 76.00 | 1/30/2026 | Yes | 9 | 60 | None | |
| TGT | Target Corp | Options Chain | 1.89 | 2.55 | 0.40 | 1.00 | 0.40 | 0.32 | 2 | 3 | -0.29 | -0.06 | 98.60 | 96.00 | 1/30/2026 | No | 9 | 57 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.20 | 13.10 | 1.90 | 5.00 | 0.38 | 0.20 | 0 | 9 | -0.30 | -0.31 | 862.90 | 835.00 | 1/30/2026 | Yes | 14 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.85 | 9.85 | 1.82 | 5.00 | 0.36 | 0.27 | 38 | 44 | -0.27 | -0.22 | 476.12 | 465.00 | 1/30/2026 | No | 14 | 69 | None | |
| NEM | Newmont Corp | Options Chain | 2.55 | 3.45 | 0.36 | 1.00 | 0.36 | 0.44 | 1 | 1 | -0.29 | -0.07 | 99.45 | 93.00 | 1/30/2026 | No | 18 | 71 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.70 | 2.08 | 0.34 | 1.00 | 0.34 | 0.41 | 23 | 10 | -0.30 | -0.05 | 65.69 | 62.00 | 1/30/2026 | Yes | 10 | 55 | None | |
| MO | Altria Group Inc | Options Chain | 0.77 | 1.07 | 0.33 | 1.00 | 0.33 | 0.22 | 10 | 15 | -0.26 | -0.01 | 59.18 | 56.00 | 1/30/2026 | Yes | 12 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.40 | 8.85 | 1.63 | 5.00 | 0.33 | 0.38 | 38 | 30 | -0.30 | -0.20 | 334.20 | 310.00 | 1/30/2026 | Yes | 12 | 67 | None | |
| FDX | Fedex Corp | Options Chain | 4.70 | 5.95 | 1.60 | 5.00 | 0.32 | 0.32 | 159 | 6 | -0.27 | -0.14 | 283.13 | 270.00 | 1/30/2026 | Yes | 10 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.25 | 8.65 | 1.52 | 5.00 | 0.30 | 0.34 | 4 | 4 | -0.29 | -0.16 | 303.32 | 285.00 | 1/30/2026 | No | 10 | 67 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.31 | 1.67 | 0.29 | 1.00 | 0.29 | 0.25 | 75 | 1 | -0.28 | -0.04 | 99.18 | 96.00 | 1/30/2026 | No | 10 | 65 | None | |
| NVO | Novo Nordisk | Options Chain | 1.08 | 1.25 | 0.28 | 1.00 | 0.28 | 0.37 | 26 | 16 | -0.29 | -0.03 | 47.77 | 45.00 | 1/30/2026 | No | 14 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.80 | 9.15 | 1.35 | 5.00 | 0.27 | 0.44 | 26 | 1001 | -0.29 | -0.21 | 326.02 | 305.00 | 1/30/2026 | No | 12 | 67 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.73 | 0.80 | 0.27 | 1.00 | 0.27 | 0.28 | 7 | 11 | -0.30 | -0.02 | 40.63 | 38.00 | 1/30/2026 | No | 7 | 59 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.55 | 6.95 | 0.67 | 2.50 | 0.27 | 0.53 | 1 | 0 | -0.30 | -0.13 | 154.98 | 152.50 | 1/30/2026 | No | 11 | 59 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 3.70 | 4.20 | 1.31 | 5.00 | 0.26 | 0.46 | 17 | 15 | -0.30 | -0.09 | 128.40 | 115.00 | 1/30/2026 | No | 16 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 4.55 | 5.65 | 1.30 | 5.00 | 0.26 | 0.46 | 125 | 115 | -0.27 | -0.12 | 178.46 | 165.00 | 1/30/2026 | No | 7 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.58 | 0.71 | 0.25 | 1.00 | 0.25 | 0.37 | 54 | 5 | -0.26 | -0.01 | 30.26 | 28.00 | 1/30/2026 | Yes | 13 | 64 | None | |
| C | Citigroup Inc | Options Chain | 1.92 | 2.51 | 0.25 | 1.00 | 0.25 | 0.30 | 4 | 0 | -0.29 | -0.06 | 111.46 | 108.00 | 1/30/2026 | Yes | 15 | 79 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.70 | 7.60 | 1.22 | 5.00 | 0.24 | 0.38 | 16 | 13 | -0.29 | -0.18 | 276.96 | 270.00 | 1/30/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 2.51 | 3.40 | 1.17 | 5.00 | 0.23 | 0.30 | 0 | 1 | -0.26 | -0.10 | 172.34 | 165.00 | 1/30/2026 | No | 12 | 67 | None | |
| KO | Coca-Cola Company | Options Chain | 0.28 | 0.82 | 0.23 | 1.00 | 0.23 | 0.16 | 2 | 1 | -0.24 | -0.02 | 70.75 | 68.00 | 1/30/2026 | No | 9 | 70 | None | |
| T | AT&T Inc | Options Chain | 0.40 | 0.48 | 0.23 | 1.00 | 0.23 | 0.27 | 44 | 1 | -0.27 | -0.01 | 24.36 | 23.00 | 1/30/2026 | Yes | 10 | 59 | None | |
| SLB | SLB | Options Chain | 0.76 | 0.91 | 0.23 | 1.00 | 0.23 | 0.35 | 30 | 40 | -0.28 | -0.02 | 38.53 | 36.00 | 1/30/2026 | Yes | 11 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.90 | 1.03 | 0.23 | 1.00 | 0.23 | 0.27 | 133 | 16 | -0.28 | -0.03 | 54.55 | 52.00 | 1/30/2026 | Yes | 14 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.66 | 0.74 | 0.23 | 1.00 | 0.23 | 0.31 | 101 | 1 | -0.28 | -0.02 | 37.00 | 34.00 | 1/30/2026 | No | 10 | 63 | None | |
| ACN | Accenture plc - Class A | Options Chain | 3.50 | 6.40 | 1.15 | 5.00 | 0.23 | 0.29 | 1 | 3 | -0.27 | -0.11 | 273.74 | 255.00 | 1/30/2026 | Yes | 15 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.31 | 2.44 | 0.22 | 1.00 | 0.22 | 0.28 | 0 | 26 | -0.29 | -0.06 | 92.59 | 89.00 | 1/30/2026 | Yes | 11 | 75 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 20.80 | 26.00 | 1.07 | 5.00 | 0.21 | 0.33 | 44 | 0 | -0.29 | -0.61 | 1,041.79 | 1,005.00 | 1/30/2026 | No | 10 | 63 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.74 | 1.01 | 0.20 | 1.00 | 0.20 | 0.24 | 0 | 3 | -0.29 | -0.01 | 53.55 | 51.00 | 1/30/2026 | No | 12 | 61 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.07 | 0.64 | 0.20 | 1.00 | 0.20 | 0.15 | 71 | 10 | -0.30 | -0.01 | 31.93 | 31.00 | 1/30/2026 | No | 11 | 67 | None | |
| VST | Vistra Corp | Options Chain | 3.80 | 5.15 | 0.95 | 5.00 | 0.19 | 0.49 | 3 | 2 | -0.25 | -0.12 | 173.45 | 150.00 | 1/30/2026 | No | 8 | 58 | None | |
| HPQ | HP Inc | Options Chain | 0.18 | 0.48 | 0.19 | 1.00 | 0.19 | 0.29 | 21 | 8 | -0.24 | -0.01 | 24.43 | 22.00 | 1/30/2026 | No | 9 | 41 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.64 | 0.96 | 0.19 | 1.00 | 0.19 | 0.26 | 2 | 0 | -0.27 | -0.02 | 53.47 | 51.00 | 1/30/2026 | Yes | 15 | 75 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.38 | 3.05 | 0.91 | 5.00 | 0.18 | 0.26 | 1 | 7 | -0.25 | -0.09 | 199.38 | 190.00 | 1/30/2026 | No | 12 | 75 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.29 | 0.42 | 0.18 | 1.00 | 0.18 | 0.22 | 0 | 1 | -0.25 | -0.01 | 24.75 | 24.00 | 1/30/2026 | No | 6 | 56 | None | |
| F | Ford Motor Company | Options Chain | 0.18 | 0.22 | 0.09 | 0.50 | 0.18 | 0.30 | 13 | 1 | -0.22 | -0.01 | 13.31 | 12.50 | 1/30/2026 | No | 16 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.80 | 4.75 | 0.88 | 5.00 | 0.18 | 0.26 | 32 | 24 | -0.26 | -0.11 | 314.98 | 295.00 | 1/30/2026 | Yes | 11 | 78 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.46 | 0.51 | 0.17 | 1.00 | 0.17 | 0.24 | 58 | 1 | -0.20 | -0.01 | 40.88 | 38.00 | 1/30/2026 | Yes | 11 | 62 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.38 | 0.67 | 0.08 | 0.50 | 0.16 | 0.34 | 0 | 10 | -0.30 | -0.01 | 24.02 | 22.50 | 1/30/2026 | No | 8 | 53 | None | |
| WMT | Walmart Inc | Options Chain | 1.35 | 1.68 | 0.15 | 1.00 | 0.15 | 0.22 | 2 | 17 | -0.28 | -0.05 | 115.66 | 111.00 | 1/30/2026 | No | 9 | 59 | None | |
| AA | Alcoa Corp | Options Chain | 1.18 | 2.14 | 0.15 | 1.00 | 0.15 | 0.51 | 9 | 0 | -0.30 | -0.04 | 46.84 | 45.00 | 1/30/2026 | Yes | 16 | 55 | None |