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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 8.70 | 10.25 | 2.03 | 5.00 | 0.41 | 0.38 | 49 | 21 | -0.27 | -0.20 | 341.00 | 320.00 | 1/30/2026 | Yes | 13 | 67 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 24.50 | 30.70 | 1.95 | 5.00 | 0.39 | 0.35 | 3 | 0 | -0.30 | -0.57 | 1,029.00 | 1,010.00 | 1/30/2026 | No | 10 | 63 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.95 | 2.43 | 0.38 | 1.00 | 0.38 | 0.43 | 1 | 0 | -0.30 | -0.05 | 67.50 | 64.00 | 1/30/2026 | Yes | 8 | 55 | None | |
| NVO | Novo Nordisk | Options Chain | 1.11 | 1.43 | 0.37 | 1.00 | 0.37 | 0.39 | 1 | 14 | -0.28 | -0.03 | 50.34 | 47.00 | 1/30/2026 | No | 14 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.75 | 10.10 | 1.78 | 5.00 | 0.36 | 0.27 | 56 | 118 | -0.29 | -0.22 | 477.13 | 455.00 | 1/30/2026 | Yes | 14 | 69 | None | |
| EQT | EQT Corp | Options Chain | 1.05 | 1.44 | 0.35 | 1.00 | 0.35 | 0.35 | 0 | 3 | -0.27 | -0.03 | 55.40 | 52.00 | 1/30/2026 | No | 8 | 61 | None | |
| TGT | Target Corp | Options Chain | 2.05 | 2.45 | 0.33 | 1.00 | 0.33 | 0.32 | 0 | 3 | -0.30 | -0.05 | 97.09 | 93.00 | 1/30/2026 | No | 12 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 4.65 | 5.50 | 1.61 | 5.00 | 0.32 | 0.44 | 69 | 42 | -0.26 | -0.11 | 188.13 | 170.00 | 1/30/2026 | No | 10 | 65 | None | |
| VST | Vistra Corp | Options Chain | 5.25 | 6.10 | 1.60 | 5.00 | 0.32 | 0.49 | 0 | 3 | -0.27 | -0.12 | 170.10 | 155.00 | 1/30/2026 | No | 7 | 58 | None | |
| SLB | SLB | Options Chain | 0.92 | 1.18 | 0.32 | 1.00 | 0.32 | 0.35 | 2 | 1 | -0.30 | -0.02 | 39.45 | 37.00 | 1/30/2026 | Yes | 12 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.88 | 4.65 | 1.57 | 5.00 | 0.31 | 0.31 | 1 | 6 | -0.29 | -0.09 | 178.29 | 170.00 | 1/30/2026 | No | 12 | 66 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.40 | 10.85 | 1.55 | 5.00 | 0.31 | 0.44 | 64 | 159 | -0.28 | -0.22 | 359.93 | 315.00 | 1/30/2026 | No | 8 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.52 | 0.89 | 0.31 | 1.00 | 0.31 | 0.33 | 1 | 0 | -0.26 | -0.02 | 37.64 | 34.00 | 1/30/2026 | No | 9 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.17 | 2.08 | 0.30 | 1.00 | 0.30 | 0.22 | 0 | 1 | -0.27 | -0.04 | 118.82 | 113.00 | 1/30/2026 | Yes | 9 | 67 | None | |
| PM | Philip Morris International Inc | Options Chain | 2.10 | 2.70 | 1.47 | 5.00 | 0.29 | 0.24 | 3 | 1 | -0.27 | -0.04 | 153.50 | 150.00 | 1/30/2026 | No | 11 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.85 | 7.40 | 1.45 | 5.00 | 0.29 | 0.39 | 18 | 9 | -0.26 | -0.18 | 292.04 | 270.00 | 1/30/2026 | Yes | 22 | 69 |
Dividend Stock List |
|
| MRK | Merck & Co Inc | Options Chain | 1.72 | 1.99 | 0.29 | 1.00 | 0.29 | 0.25 | 1 | 1 | -0.30 | -0.04 | 100.01 | 97.00 | 1/30/2026 | No | 15 | 75 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.61 | 0.96 | 0.28 | 1.00 | 0.28 | 0.27 | 0 | 21 | -0.24 | -0.02 | 52.41 | 51.00 | 1/30/2026 | No | 12 | 61 | None | |
| V | Visa Inc - Class A | Options Chain | 2.87 | 5.95 | 1.37 | 5.00 | 0.27 | 0.23 | 10 | 5 | -0.25 | -0.13 | 347.83 | 330.00 | 1/30/2026 | Yes | 9 | 69 | None | |
| AA | Alcoa Corp | Options Chain | 1.48 | 1.73 | 0.27 | 1.00 | 0.27 | 0.50 | 25 | 0 | -0.29 | -0.03 | 46.14 | 42.00 | 1/30/2026 | Yes | 16 | 55 | None | |
| MO | Altria Group Inc | Options Chain | 0.65 | 0.96 | 0.26 | 1.00 | 0.26 | 0.22 | 0 | 22 | -0.22 | -0.01 | 58.75 | 56.00 | 1/30/2026 | Yes | 12 | 69 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.65 | 2.17 | 0.25 | 1.00 | 0.25 | 0.42 | 0 | 10 | -0.28 | -0.04 | 69.89 | 66.00 | 1/30/2026 | Yes | 10 | 56 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.80 | 5.85 | 1.22 | 5.00 | 0.24 | 0.26 | 0 | 19 | -0.29 | -0.11 | 318.14 | 305.00 | 1/30/2026 | Yes | 11 | 79 | None | |
| NEM | Newmont Corp | Options Chain | 1.98 | 3.75 | 0.24 | 1.00 | 0.24 | 0.42 | 4 | 2 | -0.29 | -0.06 | 98.32 | 93.00 | 1/30/2026 | No | 18 | 71 | None | |
| DOW | Dow Inc | Options Chain | 0.63 | 0.91 | 0.12 | 0.50 | 0.24 | 0.51 | 0 | 11 | -0.28 | -0.02 | 24.06 | 21.50 | 1/30/2026 | Yes | 11 | 55 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.04 | 0.68 | 0.23 | 1.00 | 0.23 | 0.17 | 0 | 108 | -0.24 | 0.00 | 32.13 | 31.00 | 1/30/2026 | No | 9 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.56 | 0.83 | 0.23 | 1.00 | 0.23 | 0.24 | 5 | 10 | -0.26 | -0.01 | 40.84 | 39.00 | 1/30/2026 | Yes | 11 | 62 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.86 | 1.14 | 0.23 | 1.00 | 0.23 | 0.27 | 0 | 1 | -0.28 | -0.03 | 55.14 | 53.00 | 1/30/2026 | Yes | 13 | 74 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.96 | 1.27 | 0.23 | 1.00 | 0.23 | 0.22 | 7 | 16 | -0.29 | -0.02 | 77.80 | 75.00 | 1/30/2026 | No | 10 | 65 | None | |
| HD | Home Depot Inc | Options Chain | 5.05 | 6.00 | 1.10 | 5.00 | 0.22 | 0.23 | 3 | 3 | -0.29 | -0.15 | 360.11 | 345.00 | 1/30/2026 | No | 6 | 53 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.38 | 0.11 | 0.50 | 0.22 | 0.29 | 41 | 8 | -0.29 | -0.01 | 13.75 | 13.00 | 1/30/2026 | No | 12 | 45 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.16 | 3.20 | 1.09 | 5.00 | 0.22 | 0.23 | 0 | 2 | -0.25 | -0.08 | 211.58 | 205.00 | 1/30/2026 | Yes | 11 | 74 | None | |
| COST | Costco Wholesale Corp | Options Chain | 9.95 | 15.20 | 1.08 | 5.00 | 0.22 | 0.21 | 6 | 11 | -0.30 | -0.31 | 884.47 | 835.00 | 1/30/2026 | Yes | 13 | 59 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.80 | 7.45 | 0.53 | 2.50 | 0.21 | 0.53 | 0 | 5 | -0.30 | -0.13 | 160.65 | 152.50 | 1/30/2026 | Yes | 13 | 63 | None | |
| T | AT&T Inc | Options Chain | 0.43 | 0.44 | 0.21 | 1.00 | 0.21 | 0.29 | 14 | 1 | -0.27 | -0.01 | 24.58 | 23.00 | 1/30/2026 | Yes | 14 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 0.51 | 0.91 | 0.19 | 1.00 | 0.19 | 0.16 | 0 | 17 | -0.29 | -0.02 | 70.49 | 69.00 | 1/30/2026 | No | 10 | 70 | None | |
| WMT | Walmart Inc | Options Chain | 1.28 | 2.12 | 0.18 | 1.00 | 0.18 | 0.21 | 0 | 13 | -0.30 | -0.04 | 116.70 | 113.00 | 1/30/2026 | No | 9 | 55 | None | |
| HPQ | HP Inc | Options Chain | 0.17 | 0.47 | 0.17 | 1.00 | 0.17 | 0.27 | 1 | 16 | -0.25 | -0.01 | 24.97 | 23.00 | 1/30/2026 | No | 11 | 50 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.34 | 0.88 | 0.17 | 1.00 | 0.17 | 0.38 | 3 | 5 | -0.26 | -0.01 | 27.25 | 26.00 | 1/30/2026 | Yes | 13 | 66 | None |