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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.18 | 3.70 | 0.42 | 1.00 | 0.42 | 0.60 | 0 | 18 | -0.28 | -0.06 | 70.33 | 63.00 | 11/27/2026 | No | 9 | 53 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.65 | 7.30 | 2.03 | 5.00 | 0.41 | 0.40 | 10 | 4 | -0.28 | -0.11 | 227.02 | 215.00 | 11/27/2026 | Yes | 12 | 74 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.81 | 2.30 | 0.39 | 1.00 | 0.39 | 0.29 | 0 | 45 | -0.30 | -0.04 | 95.94 | 92.00 | 11/27/2026 | Yes | 18 | 71 | None | |
| CRM | Salesforce Inc | Options Chain | 6.00 | 8.00 | 1.92 | 5.00 | 0.38 | 0.40 | 16 | 13 | -0.30 | -0.15 | 234.33 | 225.00 | 11/27/2026 | No | 15 | 70 | None | |
| NVO | Novo Nordisk | Options Chain | 0.85 | 1.24 | 0.37 | 1.00 | 0.37 | 0.38 | 0 | 11 | -0.29 | -0.02 | 38.06 | 36.00 | 11/27/2026 | Yes | 11 | 50 | None | |
| PBF | PBF Energy Inc - Class A | Options Chain | 4.40 | 4.80 | 0.90 | 2.50 | 0.36 | 0.75 | 2 | 10 | -0.29 | -0.10 | 85.42 | 82.50 | 11/20/2026 | Yes | 13 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.73 | 2.24 | 0.36 | 1.00 | 0.36 | 0.36 | 24 | 1 | -0.29 | -0.04 | 80.16 | 75.00 | 11/27/2026 | No | 9 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 5.50 | 5.75 | 0.35 | 1.00 | 0.35 | 0.53 | 14 | 9 | -0.30 | -0.11 | 136.86 | 133.00 | 11/27/2026 | No | 11 | 69 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.80 | 0.95 | 0.33 | 1.00 | 0.33 | 0.41 | 492 | 572 | -0.30 | -0.02 | 31.93 | 31.00 | 11/20/2026 | Yes | 14 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.35 | 11.35 | 1.65 | 5.00 | 0.33 | 0.32 | 15 | 60 | -0.30 | -0.23 | 445.12 | 425.00 | 11/27/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| GLW | Corning Inc | Options Chain | 4.60 | 7.10 | 1.60 | 5.00 | 0.32 | 0.57 | 30 | 9 | -0.28 | -0.11 | 147.28 | 135.00 | 11/27/2026 | Yes | 8 | 52 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.45 | 8.65 | 1.55 | 5.00 | 0.31 | 0.31 | 48 | 22 | -0.29 | -0.19 | 377.76 | 360.00 | 11/27/2026 | Yes | 13 | 65 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 16.70 | 22.65 | 1.55 | 5.00 | 0.31 | 0.30 | 0 | 8 | -0.30 | -0.44 | 893.95 | 855.00 | 11/27/2026 | Yes | 15 | 77 | None | |
| DRI | Darden Restaurants Inc | Options Chain | 2.80 | 3.90 | 1.50 | 5.00 | 0.30 | 0.32 | 99 | 115 | -0.25 | -0.12 | 199.61 | 195.00 | 11/20/2026 | No | 12 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.58 | 4.35 | 1.50 | 5.00 | 0.30 | 0.30 | 13 | 27 | -0.29 | -0.06 | 174.08 | 165.00 | 11/27/2026 | Yes | 11 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.75 | 12.75 | 1.50 | 5.00 | 0.30 | 0.29 | 12 | 2 | -0.30 | -0.25 | 541.15 | 520.00 | 11/27/2026 | Yes | 13 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.40 | 6.55 | 1.39 | 5.00 | 0.28 | 0.22 | 17 | 11 | -0.28 | -0.13 | 334.30 | 320.00 | 11/27/2026 | Yes | 10 | 80 | None | |
| KO | Coca-Cola Company | Options Chain | 0.77 | 1.61 | 0.27 | 1.00 | 0.27 | 0.21 | 8 | 2 | -0.28 | -0.03 | 89.79 | 87.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.07 | 1.42 | 0.27 | 1.00 | 0.27 | 0.25 | 36 | 21 | -0.28 | -0.03 | 80.74 | 77.00 | 11/27/2026 | Yes | 15 | 75 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.25 | 2.55 | 0.67 | 2.50 | 0.27 | 0.45 | 84 | 176 | -0.29 | -0.06 | 86.15 | 80.00 | 11/20/2026 | Yes | 9 | 57 | None | |
| T | AT&T Inc | Options Chain | 0.34 | 0.46 | 0.13 | 0.50 | 0.26 | 0.30 | 2716 | 63 | -0.26 | -0.01 | 22.85 | 21.50 | 11/27/2026 | Yes | 15 | 69 | None | |
| MS | Morgan Stanley | Options Chain | 3.10 | 3.65 | 1.29 | 5.00 | 0.26 | 0.32 | 3 | 31 | -0.26 | -0.08 | 190.02 | 175.00 | 11/27/2026 | Yes | 11 | 67 | None | |
| V | Visa Inc - Class A | Options Chain | 5.05 | 6.60 | 1.25 | 5.00 | 0.25 | 0.23 | 1 | 1 | -0.29 | -0.13 | 396.06 | 380.00 | 11/27/2026 | Yes | 10 | 69 | None | |
| ING | ING Groep N.V. | Options Chain | 0.60 | 0.75 | 0.25 | 1.00 | 0.25 | 0.36 | 4 | 3 | -0.25 | -0.02 | 33.39 | 32.00 | 11/20/2026 | Yes | 8 | 54 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.80 | 0.25 | 1.00 | 0.25 | 0.35 | 1 | 4 | -0.26 | -0.01 | 37.91 | 35.00 | 11/20/2026 | Yes | 11 | 71 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.88 | 1.73 | 0.25 | 1.00 | 0.25 | 0.32 | 0 | 19 | -0.30 | -0.03 | 57.58 | 54.00 | 11/27/2026 | Yes | 16 | 63 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.75 | 3.70 | 1.23 | 5.00 | 0.25 | 0.40 | 7 | 788 | -0.25 | -0.09 | 155.41 | 145.00 | 11/20/2026 | Yes | 8 | 59 | None | |
| STT | State Street Corp | Options Chain | 2.70 | 3.20 | 1.22 | 5.00 | 0.24 | 0.31 | 2 | 32 | -0.26 | -0.10 | 174.10 | 165.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.15 | 1.45 | 0.60 | 2.50 | 0.24 | 0.44 | 1 | 53 | -0.23 | -0.04 | 59.41 | 55.00 | 11/20/2026 | Yes | 9 | 55 | None | |
| CVX | Chevron Corp | Options Chain | 3.05 | 3.85 | 1.18 | 5.00 | 0.24 | 0.29 | 2 | 58 | -0.25 | -0.08 | 214.86 | 205.00 | 11/27/2026 | Yes | 13 | 76 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.39 | 0.82 | 0.23 | 1.00 | 0.23 | 0.27 | 1 | 50 | -0.24 | -0.02 | 43.53 | 41.00 | 11/27/2026 | Yes | 8 | 64 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.45 | 0.23 | 1.00 | 0.23 | 0.31 | 11 | 1 | -0.27 | -0.01 | 20.09 | 19.00 | 11/20/2026 | Yes | 15 | 68 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.68 | 3.10 | 1.12 | 5.00 | 0.22 | 0.23 | 5 | 3 | -0.24 | -0.09 | 235.65 | 225.00 | 11/27/2026 | Yes | 12 | 60 | None | |
| DPZ | Dominos Pizza Inc | Options Chain | 4.00 | 4.90 | 2.22 | 10.00 | 0.22 | 0.32 | 137 | 90 | -0.23 | -0.20 | 310.90 | 280.00 | 11/20/2026 | Yes | 10 | 48 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.75 | 0.22 | 1.00 | 0.22 | 0.38 | 67 | 0 | -0.26 | -0.01 | 29.26 | 27.00 | 11/20/2026 | Yes | 7 | 56 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.68 | 0.76 | 0.22 | 1.00 | 0.22 | 0.35 | 81 | 112 | -0.26 | -0.02 | 35.35 | 33.00 | 11/27/2026 | No | 11 | 52 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.70 | 0.22 | 1.00 | 0.22 | 0.37 | 1 | 1 | -0.29 | -0.02 | 24.26 | 23.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.87 | 3.25 | 1.03 | 5.00 | 0.21 | 0.25 | 99 | 145 | -0.24 | -0.09 | 263.73 | 235.00 | 11/27/2026 | Yes | 9 | 66 | None | |
| EIX | Edison International | Options Chain | 0.85 | 1.40 | 0.50 | 2.50 | 0.20 | 0.48 | 3140 | 706 | -0.21 | -0.04 | 55.64 | 50.00 | 11/20/2026 | Yes | 10 | 60 | None | |
| VTRS | Viatris Inc | Options Chain | 0.25 | 0.45 | 0.20 | 1.00 | 0.20 | 0.40 | 14 | 4 | -0.25 | -0.01 | 17.54 | 16.00 | 11/20/2026 | Yes | 6 | 52 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.36 | 11 | 0 | -0.30 | -0.01 | 23.00 | 22.00 | 11/20/2026 | Yes | 17 | 69 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.15 | 1.65 | 0.47 | 2.50 | 0.19 | 0.49 | 10 | 4 | -0.24 | -0.04 | 59.88 | 55.00 | 11/20/2026 | Yes | 15 | 71 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 0.65 | 1.10 | 0.40 | 2.50 | 0.16 | 0.27 | 0 | 1 | -0.24 | -0.03 | 71.27 | 67.50 | 11/20/2026 | Yes | 8 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.00 | 1.25 | 0.16 | 1.00 | 0.16 | 0.61 | 0 | 3 | -0.24 | -0.01 | 28.12 | 26.00 | 11/27/2026 | Yes | 8 | 53 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.05 | 6.75 | 0.77 | 5.00 | 0.15 | 0.47 | 15 | 7 | -0.30 | -0.13 | 173.40 | 165.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| ITUB | Itau Unibanco Holding S.A. | Options Chain | 0.20 | 0.25 | 0.15 | 1.00 | 0.15 | 0.47 | 1 | 7 | -0.21 | -0.01 | 10.06 | 9.00 | 11/20/2026 | Yes | 13 | 49 | None |