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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CMCSA | Comcast Corp - Class A | Options Chain | 0.04 | 2.06 | 0.78 | 1.00 | 0.78 | 0.43 | 1 | 27385 | -0.23 | -0.01 | 26.79 | 25.00 | 1/23/2026 | No | 13 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.66 | 2.04 | 0.68 | 1.00 | 0.68 | 0.44 | 3 | 1 | -0.27 | -0.04 | 63.60 | 59.00 | 1/23/2026 | Yes | 8 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.90 | 2.46 | 0.61 | 1.00 | 0.61 | 0.48 | 0 | 1 | -0.30 | -0.03 | 44.80 | 42.00 | 1/23/2026 | Yes | 11 | 61 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 1.00 | 0.18 | 0.50 | 0.36 | 0.39 | 1 | 0 | -0.30 | -0.01 | 22.82 | 21.50 | 1/23/2026 | Yes | 13 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 0.57 | 1.20 | 0.34 | 1.00 | 0.34 | 0.19 | 1 | 0 | -0.27 | -0.02 | 70.09 | 68.00 | 1/23/2026 | No | 9 | 70 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.50 | 1.95 | 0.33 | 1.00 | 0.33 | 0.55 | 0 | 36 | -0.27 | -0.04 | 43.77 | 44.00 | 1/23/2026 | No | 19 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 8.80 | 9.90 | 1.65 | 5.00 | 0.33 | 0.56 | 4 | 25 | -0.30 | -0.19 | 221.53 | 205.00 | 1/23/2026 | Yes | 8 | 62 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 18.05 | 18.80 | 1.63 | 5.00 | 0.33 | 0.29 | 11 | 0 | -0.30 | -0.41 | 876.58 | 840.00 | 1/23/2026 | Yes | 15 | 76 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.90 | 13.40 | 1.50 | 5.00 | 0.30 | 0.48 | 49 | 56 | -0.28 | -0.28 | 406.29 | 375.00 | 1/23/2026 | Yes | 8 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.05 | 8.15 | 1.45 | 5.00 | 0.29 | 0.36 | 3 | 34 | -0.28 | -0.19 | 323.34 | 305.00 | 1/23/2026 | Yes | 12 | 67 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.65 | 2.95 | 1.45 | 5.00 | 0.29 | 0.52 | 34 | 31 | -0.30 | -0.07 | 80.34 | 75.00 | 1/16/2026 | No | 18 | 68 | None | |
| MAR | Marriott International Inc - Class A | Options Chain | 3.10 | 7.10 | 1.40 | 5.00 | 0.28 | 0.24 | 1 | 0 | -0.30 | -0.13 | 287.31 | 275.00 | 1/23/2026 | No | 10 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.45 | 8.35 | 1.35 | 5.00 | 0.27 | 0.39 | 5 | 21 | -0.28 | -0.17 | 304.25 | 285.00 | 1/23/2026 | Yes | 22 | 74 |
Dividend Stock List |
|
| NVO | Novo Nordisk | Options Chain | 1.06 | 1.34 | 0.27 | 1.00 | 0.27 | 0.36 | 23 | 40 | -0.29 | -0.03 | 46.71 | 44.00 | 1/23/2026 | No | 14 | 65 | None | |
| MO | Altria Group Inc | Options Chain | 0.64 | 0.97 | 0.26 | 1.00 | 0.26 | 0.19 | 0 | 5 | -0.27 | -0.01 | 58.18 | 56.00 | 1/23/2026 | No | 12 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.05 | 8.20 | 1.25 | 5.00 | 0.25 | 0.23 | 25 | 44 | -0.29 | -0.19 | 492.02 | 475.00 | 1/23/2026 | No | 14 | 69 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.40 | 2.90 | 0.62 | 2.53 | 0.25 | 0.30 | 1 | 3 | -0.27 | -0.08 | 158.17 | 150.31 | 1/16/2026 | No | 13 | 79 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.85 | 5.75 | 1.22 | 5.00 | 0.24 | 0.29 | 31 | 18 | -0.27 | -0.12 | 300.51 | 285.00 | 1/23/2026 | Yes | 11 | 78 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.90 | 1.18 | 0.24 | 1.00 | 0.24 | 0.22 | 0 | 9 | -0.28 | -0.02 | 79.51 | 76.00 | 1/23/2026 | No | 9 | 66 | None | |
| C | Citigroup Inc | Options Chain | 1.95 | 3.00 | 0.24 | 1.00 | 0.24 | 0.33 | 4 | 13 | -0.29 | -0.06 | 109.43 | 104.00 | 1/23/2026 | Yes | 15 | 78 | None | |
| NEM | Newmont Corp | Options Chain | 2.32 | 3.20 | 0.24 | 1.00 | 0.24 | 0.42 | 2 | 0 | -0.29 | -0.06 | 89.17 | 88.00 | 1/23/2026 | No | 18 | 71 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.62 | 2.11 | 0.23 | 1.00 | 0.23 | 0.31 | 1 | 7 | -0.28 | -0.05 | 88.89 | 85.00 | 1/23/2026 | Yes | 11 | 75 | None | |
| TGT | Target Corp | Options Chain | 1.66 | 2.33 | 0.23 | 1.00 | 0.23 | 0.32 | 1 | 6 | -0.30 | -0.05 | 93.62 | 89.00 | 1/23/2026 | No | 12 | 66 | None | |
| LIN | Linde Plc. | Options Chain | 4.10 | 4.80 | 1.10 | 5.00 | 0.22 | 0.22 | 28 | 23 | -0.26 | -0.16 | 390.38 | 375.00 | 1/16/2026 | No | 11 | 73 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.86 | 0.99 | 0.22 | 1.00 | 0.22 | 0.28 | 5 | 8 | -0.27 | -0.02 | 53.54 | 51.00 | 1/23/2026 | Yes | 12 | 74 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.99 | 1.60 | 0.22 | 1.00 | 0.22 | 0.27 | 2 | 0 | -0.27 | -0.04 | 80.73 | 76.00 | 1/23/2026 | Yes | 6 | 62 | None | |
| TOL | Toll Brothers Inc | Options Chain | 2.25 | 2.55 | 1.02 | 5.00 | 0.20 | 0.34 | 95 | 61 | -0.26 | -0.07 | 131.28 | 125.00 | 1/16/2026 | Yes | 12 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.45 | 2.85 | 1.01 | 5.00 | 0.20 | 0.22 | 57 | 14 | -0.29 | -0.05 | 138.62 | 135.00 | 1/23/2026 | No | 12 | 65 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.25 | 0.90 | 0.20 | 1.00 | 0.20 | 0.25 | 4 | 0 | -0.27 | -0.02 | 34.94 | 34.00 | 1/16/2026 | No | 16 | 72 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.65 | 0.20 | 1.00 | 0.20 | 0.38 | 2 | 6 | -0.27 | -0.02 | 26.54 | 25.00 | 1/16/2026 | No | 15 | 62 | None | |
| SLB | SLB | Options Chain | 0.72 | 0.98 | 0.20 | 1.00 | 0.20 | 0.35 | 10 | 1 | -0.28 | -0.02 | 38.47 | 36.00 | 1/23/2026 | Yes | 12 | 69 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.68 | 0.97 | 0.20 | 1.00 | 0.20 | 0.25 | 0 | 2 | -0.28 | -0.01 | 50.65 | 48.00 | 1/23/2026 | No | 13 | 61 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.20 | 0.40 | 0.20 | 1.00 | 0.20 | 0.29 | 133 | 7 | -0.29 | -0.01 | 14.78 | 14.00 | 1/16/2026 | No | 11 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.36 | 0.50 | 0.19 | 1.00 | 0.19 | 0.21 | 81 | 10 | -0.22 | -0.01 | 40.14 | 38.00 | 1/23/2026 | Yes | 15 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.47 | 2.88 | 0.91 | 5.00 | 0.18 | 0.30 | 3 | 2 | -0.24 | -0.08 | 174.93 | 165.00 | 1/23/2026 | No | 12 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.53 | 0.77 | 0.09 | 0.50 | 0.18 | 0.43 | 0 | 1 | -0.28 | -0.02 | 23.11 | 21.50 | 1/23/2026 | No | 11 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.25 | 0.09 | 0.50 | 0.18 | 0.27 | 55 | 13 | -0.29 | -0.01 | 13.08 | 12.50 | 1/23/2026 | No | 16 | 54 | None | |
| EIX | Edison International | Options Chain | 0.65 | 0.95 | 0.42 | 2.50 | 0.17 | 0.32 | 98 | 23 | -0.21 | -0.02 | 56.63 | 52.50 | 1/16/2026 | No | 14 | 69 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.10 | 1.75 | 0.78 | 5.00 | 0.16 | 0.25 | 8 | 5 | -0.23 | -0.04 | 115.77 | 110.00 | 1/16/2026 | No | 12 | 61 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.32 | 39 | 0 | -0.26 | -0.02 | 26.38 | 25.00 | 1/16/2026 | Yes | 13 | 70 | None |