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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.57 | 2.02 | 0.49 | 1.00 | 0.49 | 0.56 | 6 | 11 | -0.27 | -0.04 | 49.00 | 45.00 | 1/2/2026 | No | 14 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.77 | 1.29 | 0.45 | 1.00 | 0.45 | 0.26 | 5 | 3 | -0.28 | -0.04 | 77.37 | 74.00 | 1/2/2026 | No | 9 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 8.15 | 10.45 | 2.22 | 5.00 | 0.44 | 0.61 | 9 | 20 | -0.28 | -0.19 | 225.53 | 205.00 | 1/2/2026 | Yes | 8 | 62 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.57 | 2.30 | 0.40 | 1.00 | 0.40 | 0.48 | 2 | 0 | -0.29 | -0.04 | 57.13 | 53.00 | 1/2/2026 | No | 13 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.71 | 2.08 | 0.39 | 1.00 | 0.39 | 0.45 | 0 | 4 | -0.29 | -0.04 | 62.64 | 58.00 | 1/2/2026 | Yes | 7 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.41 | 0.84 | 0.34 | 1.00 | 0.34 | 0.41 | 6 | 0 | -0.26 | -0.02 | 26.87 | 25.00 | 1/2/2026 | No | 13 | 64 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.30 | 14.60 | 1.57 | 5.00 | 0.31 | 0.58 | 4 | 0 | -0.29 | -0.29 | 354.42 | 325.00 | 1/2/2026 | Yes | 9 | 67 | None | |
| HD | Home Depot Inc | Options Chain | 5.60 | 7.10 | 1.57 | 5.00 | 0.31 | 0.27 | 3 | 4 | -0.30 | -0.11 | 336.48 | 320.00 | 1/2/2026 | No | 9 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.50 | 8.35 | 1.48 | 5.00 | 0.30 | 0.41 | 0 | 2 | -0.29 | -0.17 | 282.37 | 265.00 | 1/2/2026 | No | 22 | 76 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 7.60 | 9.25 | 1.40 | 5.00 | 0.28 | 0.27 | 8 | 22 | -0.28 | -0.20 | 487.12 | 465.00 | 1/2/2026 | No | 14 | 68 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.15 | 5.45 | 1.39 | 5.00 | 0.28 | 0.57 | 9 | 3 | -0.29 | -0.10 | 122.69 | 110.00 | 1/2/2026 | Yes | 16 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.45 | 1.84 | 0.27 | 1.00 | 0.27 | 0.31 | 601 | 0 | -0.28 | -0.04 | 84.16 | 80.00 | 1/2/2026 | No | 11 | 74 | None | |
| AMAT | Applied Materials Inc | Options Chain | 5.80 | 7.00 | 1.32 | 5.00 | 0.26 | 0.46 | 1 | 2 | -0.26 | -0.14 | 235.13 | 215.00 | 1/2/2026 | No | 13 | 67 | None | |
| NRG | NRG Energy Inc | Options Chain | 4.60 | 5.90 | 1.30 | 5.00 | 0.26 | 0.49 | 0 | 1 | -0.28 | -0.12 | 168.80 | 155.00 | 1/2/2026 | No | 13 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 0.76 | 1.15 | 0.24 | 1.00 | 0.24 | 0.19 | 1 | 25 | -0.30 | -0.02 | 71.22 | 69.00 | 1/2/2026 | No | 9 | 70 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.97 | 1.34 | 0.23 | 1.00 | 0.23 | 0.45 | 4 | 1 | -0.27 | -0.03 | 40.00 | 38.00 | 1/2/2026 | No | 11 | 56 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.30 | 1.93 | 0.23 | 1.00 | 0.23 | 0.28 | 1 | 1 | -0.28 | -0.03 | 95.05 | 90.00 | 1/2/2026 | No | 16 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.45 | 0.61 | 0.23 | 1.00 | 0.23 | 0.20 | 30 | 3 | -0.29 | -0.02 | 41.19 | 40.00 | 1/2/2026 | No | 15 | 71 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 2.59 | 4.15 | 1.12 | 5.00 | 0.22 | 0.28 | 0 | 4 | -0.25 | -0.09 | 219.57 | 215.00 | 1/2/2026 | Yes | 11 | 56 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.98 | 2.92 | 1.12 | 5.00 | 0.22 | 0.20 | 0 | 1 | -0.27 | -0.05 | 200.00 | 195.00 | 1/2/2026 | No | 12 | 76 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.60 | 6.20 | 1.02 | 5.00 | 0.20 | 0.27 | 2 | 1 | -0.28 | -0.13 | 299.41 | 290.00 | 1/2/2026 | No | 11 | 79 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.38 | 1.80 | 0.20 | 1.00 | 0.20 | 0.22 | 2 | 0 | -0.28 | -0.05 | 117.35 | 113.00 | 1/2/2026 | No | 11 | 75 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.59 | 0.84 | 0.20 | 1.00 | 0.20 | 0.31 | 3 | 1 | -0.28 | -0.02 | 41.45 | 39.00 | 1/2/2026 | No | 7 | 64 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.28 | 0.54 | 0.19 | 1.00 | 0.19 | 0.18 | 3 | 0 | -0.30 | -0.01 | 31.70 | 31.00 | 1/2/2026 | No | 11 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.10 | 7.90 | 0.90 | 5.00 | 0.18 | 0.35 | 13 | 9 | -0.29 | -0.14 | 309.09 | 290.00 | 1/2/2026 | No | 12 | 67 | None | |
| GM | General Motors Company | Options Chain | 1.20 | 1.66 | 0.18 | 1.00 | 0.18 | 0.33 | 5 | 0 | -0.28 | -0.04 | 67.93 | 65.00 | 1/2/2026 | No | 12 | 74 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.24 | 0.09 | 0.50 | 0.18 | 0.32 | 0 | 1 | -0.23 | -0.01 | 13.02 | 12.00 | 1/2/2026 | No | 16 | 54 | None | |
| COST | Costco Wholesale Corp | Options Chain | 15.10 | 17.60 | 0.85 | 5.00 | 0.17 | 0.28 | 7 | 5 | -0.29 | -0.39 | 895.08 | 850.00 | 1/2/2026 | Yes | 14 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.27 | 0.36 | 0.15 | 1.00 | 0.15 | 0.25 | 1 | 5 | -0.24 | -0.01 | 25.27 | 24.00 | 1/2/2026 | No | 14 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.73 | 0.85 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 30 | -0.25 | -0.02 | 52.02 | 49.00 | 1/2/2026 | No | 12 | 74 | None | |
| TGT | Target Corp | Options Chain | 1.55 | 2.18 | 0.15 | 1.00 | 0.15 | 0.34 | 21 | 37 | -0.28 | -0.05 | 86.08 | 81.00 | 1/2/2026 | Yes | 13 | 66 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.34 | 1.71 | 0.15 | 1.00 | 0.15 | 0.28 | 1 | 0 | -0.29 | -0.03 | 84.27 | 80.00 | 1/2/2026 | No | 6 | 62 | None |