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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | Home Depot Inc | Options Chain | 5.30 | 7.45 | 2.08 | 5.00 | 0.42 | 0.34 | 1 | 2 | -0.27 | -0.14 | 327.73 | 300.00 | 12/4/2026 | No | 10 | 70 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.00 | 11.35 | 1.93 | 5.00 | 0.39 | 0.43 | 35 | 39 | -0.30 | -0.23 | 323.24 | 305.00 | 12/4/2026 | No | 14 | 67 | None | |
| AXP | American Express Company | Options Chain | 4.30 | 6.30 | 1.88 | 5.00 | 0.38 | 0.27 | 103 | 28 | -0.28 | -0.13 | 325.17 | 300.00 | 12/4/2026 | Yes | 12 | 73 | None | |
| VST | Vistra Corp | Options Chain | 4.10 | 5.95 | 1.73 | 5.00 | 0.35 | 0.52 | 6 | 2 | -0.29 | -0.11 | 140.00 | 130.00 | 12/4/2026 | No | 8 | 60 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.26 | 0.66 | 0.17 | 0.50 | 0.34 | 0.36 | 2 | 0 | -0.24 | -0.01 | 25.01 | 23.00 | 12/4/2026 | No | 7 | 60 | None | |
| GLW | Corning Inc | Options Chain | 2.71 | 5.55 | 1.66 | 5.00 | 0.33 | 0.61 | 5 | 1 | -0.24 | -0.11 | 122.94 | 110.00 | 12/4/2026 | No | 8 | 52 | None | |
| GM | General Motors Company | Options Chain | 1.29 | 2.04 | 0.32 | 1.00 | 0.32 | 0.33 | 4 | 6 | -0.29 | -0.04 | 77.25 | 72.00 | 12/4/2026 | No | 12 | 67 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 21.50 | 24.65 | 1.55 | 5.00 | 0.31 | 0.71 | 6 | 8 | -0.29 | -0.49 | 448.39 | 415.00 | 12/4/2026 | No | 14 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.60 | 10.70 | 1.52 | 5.00 | 0.30 | 0.35 | 19 | 15 | -0.27 | -0.24 | 410.07 | 395.00 | 12/4/2026 | No | 23 | 68 |
Dividend Stock List |
|
| HPQ | HP Inc | Options Chain | 1.13 | 1.31 | 0.30 | 1.00 | 0.30 | 0.53 | 28 | 60 | -0.29 | -0.03 | 33.55 | 31.00 | 12/4/2026 | No | 10 | 46 | None | |
| CVX | Chevron Corp | Options Chain | 2.95 | 5.60 | 1.45 | 5.00 | 0.29 | 0.31 | 5 | 4 | -0.27 | -0.09 | 227.10 | 220.00 | 12/4/2026 | No | 13 | 76 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.65 | 12.95 | 1.42 | 5.00 | 0.28 | 0.32 | 7 | 22 | -0.30 | -0.24 | 522.00 | 500.00 | 12/4/2026 | No | 11 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.00 | 1.42 | 0.28 | 1.00 | 0.28 | 0.39 | 11 | 0 | -0.27 | -0.03 | 49.25 | 48.00 | 12/4/2026 | No | 13 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.81 | 1.01 | 0.28 | 1.00 | 0.28 | 0.39 | 24 | 30 | -0.29 | -0.02 | 38.08 | 35.00 | 12/4/2026 | No | 13 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 0.88 | 1.24 | 0.28 | 1.00 | 0.28 | 0.38 | 0 | 1 | -0.30 | -0.02 | 39.32 | 37.00 | 12/4/2026 | No | 14 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.02 | 1.42 | 0.27 | 1.00 | 0.27 | 0.26 | 6 | 7 | -0.26 | -0.02 | 83.24 | 78.00 | 12/4/2026 | No | 15 | 74 | None | |
| AA | Alcoa Corp | Options Chain | 0.82 | 1.10 | 0.27 | 1.00 | 0.27 | 0.44 | 11 | 2 | -0.26 | -0.02 | 38.67 | 35.00 | 12/4/2026 | No | 20 | 47 | None | |
| SLB | SLB | Options Chain | 1.17 | 1.47 | 0.27 | 1.00 | 0.27 | 0.37 | 11 | 35 | -0.30 | -0.03 | 49.84 | 50.00 | 12/4/2026 | No | 6 | 56 | None | |
| IP | International Paper Company | Options Chain | 0.60 | 0.95 | 0.25 | 1.00 | 0.25 | 0.46 | 1 | 0 | -0.24 | -0.02 | 33.68 | 30.00 | 12/4/2026 | No | 6 | 60 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.00 | 1.35 | 0.25 | 1.00 | 0.25 | 0.48 | 1 | 0 | -0.27 | -0.03 | 41.07 | 37.00 | 12/4/2026 | No | 19 | 67 | None | |
| HAL | Halliburton Company | Options Chain | 0.31 | 0.78 | 0.24 | 1.00 | 0.24 | 0.34 | 11 | 0 | -0.25 | -0.02 | 33.19 | 32.00 | 12/4/2026 | No | 10 | 48 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.25 | 2.17 | 0.23 | 1.00 | 0.23 | 0.45 | 6 | 0 | -0.28 | -0.05 | 64.60 | 60.00 | 12/4/2026 | No | 9 | 58 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.87 | 3.45 | 1.15 | 5.00 | 0.23 | 0.25 | 38 | 10 | -0.25 | -0.08 | 252.30 | 235.00 | 12/4/2026 | No | 9 | 59 | None | |
| GE | General Electric Company | Options Chain | 4.30 | 5.90 | 1.05 | 5.00 | 0.21 | 0.32 | 4 | 4 | -0.26 | -0.16 | 292.82 | 270.00 | 12/4/2026 | No | 8 | 60 | None | |
| C | Citigroup Inc | Options Chain | 1.90 | 2.57 | 0.21 | 1.00 | 0.21 | 0.28 | 2 | 2 | -0.30 | -0.05 | 123.14 | 115.00 | 12/4/2026 | No | 17 | 79 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.90 | 5.20 | 1.04 | 5.00 | 0.21 | 0.22 | 10 | 10 | -0.29 | -0.14 | 337.10 | 320.00 | 12/4/2026 | No | 9 | 78 | None | |
| DOW | Dow Inc | Options Chain | 0.56 | 0.76 | 0.20 | 1.00 | 0.20 | 0.38 | 0 | 182 | -0.24 | -0.01 | 31.79 | 30.00 | 12/4/2026 | No | 8 | 54 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.61 | 0.76 | 0.20 | 1.00 | 0.20 | 0.26 | 8 | 3 | -0.26 | -0.02 | 51.08 | 48.00 | 12/4/2026 | No | 12 | 74 | None | |
| ORCL | Oracle Corp | Options Chain | 4.60 | 5.20 | 0.20 | 1.00 | 0.20 | 0.56 | 11 | 59 | -0.29 | -0.11 | 125.01 | 116.00 | 12/4/2026 | No | 13 | 73 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.15 | 3.75 | 0.98 | 5.00 | 0.20 | 0.25 | 0 | 2 | -0.25 | -0.08 | 266.01 | 250.00 | 12/4/2026 | No | 9 | 66 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.30 | 0.78 | 0.19 | 1.00 | 0.19 | 0.19 | 1 | 1 | -0.29 | -0.01 | 36.75 | 36.00 | 12/4/2026 | No | 12 | 67 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.20 | 3.15 | 0.92 | 5.00 | 0.18 | 0.31 | 11 | 2 | -0.23 | -0.06 | 178.66 | 170.00 | 12/4/2026 | No | 13 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 1.01 | 1.35 | 0.17 | 1.00 | 0.17 | 0.22 | 16 | 7 | -0.28 | -0.03 | 95.51 | 89.00 | 12/4/2026 | No | 9 | 61 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.45 | 5.85 | 0.80 | 5.00 | 0.16 | 0.34 | 1 | 13 | -0.25 | -0.09 | 251.00 | 235.00 | 12/4/2026 | No | 9 | 67 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.33 | 0.46 | 0.16 | 1.00 | 0.16 | 0.27 | 5 | 1000 | -0.21 | -0.01 | 33.79 | 32.00 | 12/4/2026 | No | 10 | 59 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.37 | 1.65 | 0.38 | 2.50 | 0.15 | 0.19 | 32 | 0 | -0.24 | -0.05 | 165.93 | 155.00 | 12/4/2026 | No | 8 | 67 | None |