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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCG | PG&E Corp | Options Chain | 0.43 | 0.55 | 0.21 | 0.50 | 0.42 | 0.54 | 4 | 0 | -0.26 | -0.01 | 13.14 | 12.00 | 12/24/2026 | No | 12 | 63 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.47 | 2.25 | 0.41 | 1.00 | 0.41 | 0.29 | 0 | 1 | -0.29 | -0.03 | 92.73 | 89.00 | 12/24/2026 | No | 15 | 71 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.24 | 1.59 | 0.41 | 1.00 | 0.41 | 0.50 | 73 | 9 | -0.29 | -0.02 | 39.88 | 36.00 | 12/24/2026 | Yes | 10 | 51 | None | |
| ORCL | Oracle Corp | Options Chain | 6.25 | 6.55 | 0.37 | 1.00 | 0.37 | 0.72 | 2 | 11 | -0.30 | -0.12 | 119.79 | 106.00 | 12/24/2026 | Yes | 15 | 73 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 20.50 | 22.85 | 1.78 | 5.00 | 0.36 | 0.91 | 27 | 29 | -0.29 | -0.40 | 346.31 | 290.00 | 12/24/2026 | Yes | 15 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 2.44 | 3.05 | 0.34 | 1.00 | 0.34 | 0.34 | 1 | 3 | -0.29 | -0.06 | 125.66 | 119.00 | 12/24/2026 | Yes | 8 | 57 | None | |
| CRM | Salesforce Inc | Options Chain | 7.05 | 8.85 | 1.62 | 5.00 | 0.32 | 0.52 | 1 | 2 | -0.30 | -0.15 | 214.94 | 195.00 | 12/24/2026 | Yes | 15 | 71 | None | |
| EQNR | Equinor ASA | Options Chain | 0.95 | 1.05 | 0.30 | 1.00 | 0.30 | 0.39 | 26 | 0 | -0.28 | -0.02 | 41.12 | 38.00 | 12/18/2026 | No | 9 | 54 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.56 | 1.00 | 0.29 | 1.00 | 0.29 | 0.26 | 82 | 81 | -0.25 | -0.02 | 46.06 | 44.00 | 12/24/2026 | No | 11 | 73 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.90 | 6.15 | 1.43 | 5.00 | 0.29 | 0.52 | 4 | 0 | -0.27 | -0.10 | 171.47 | 155.00 | 12/24/2026 | No | 10 | 63 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 0.90 | 1.45 | 0.28 | 1.00 | 0.28 | 0.50 | 0 | 1 | -0.26 | -0.03 | 42.36 | 36.00 | 12/24/2026 | No | 20 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.85 | 11.65 | 1.37 | 5.00 | 0.27 | 0.44 | 3 | 6 | -0.29 | -0.24 | 388.62 | 365.00 | 12/24/2026 | No | 24 | 69 |
Dividend Stock List |
|
| BAC | Bank Of America Corp | Options Chain | 0.77 | 0.91 | 0.26 | 1.00 | 0.26 | 0.28 | 1 | 1 | -0.28 | -0.02 | 50.55 | 48.00 | 12/24/2026 | No | 9 | 65 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.44 | 0.60 | 0.13 | 0.50 | 0.26 | 0.31 | 1 | 0 | -0.29 | -0.01 | 24.42 | 23.00 | 12/24/2026 | No | 6 | 60 | None | |
| BWA | BorgWarner Inc | Options Chain | 0.95 | 1.40 | 0.63 | 2.50 | 0.25 | 0.38 | 1 | 1 | -0.29 | -0.03 | 51.44 | 47.50 | 12/18/2026 | No | 13 | 64 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 0.85 | 0.25 | 1.00 | 0.25 | 0.32 | 0 | 2 | -0.30 | -0.02 | 38.53 | 36.00 | 12/18/2026 | No | 15 | 79 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.05 | 2.25 | 0.60 | 2.50 | 0.24 | 0.50 | 22 | 32 | -0.26 | -0.06 | 80.71 | 72.50 | 12/18/2026 | No | 9 | 55 | None | |
| NVO | Novo Nordisk | Options Chain | 0.66 | 0.90 | 0.24 | 1.00 | 0.24 | 0.34 | 0 | 1 | -0.26 | -0.02 | 41.38 | 38.00 | 12/24/2026 | No | 11 | 48 | None | |
| APA | APA Corporation | Options Chain | 1.20 | 1.54 | 0.24 | 1.00 | 0.24 | 0.46 | 5 | 0 | -0.28 | -0.03 | 44.55 | 42.00 | 12/24/2026 | No | 10 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 1.07 | 1.67 | 0.24 | 1.00 | 0.24 | 0.22 | 0 | 3 | -0.29 | -0.02 | 96.03 | 93.00 | 12/24/2026 | No | 11 | 67 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.51 | 0.62 | 0.23 | 1.00 | 0.23 | 0.27 | 6 | 5 | -0.29 | -0.01 | 30.57 | 30.00 | 12/24/2026 | No | 8 | 59 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.30 | 1.45 | 0.55 | 2.50 | 0.22 | 0.37 | 95 | 0 | -0.23 | -0.04 | 82.86 | 75.00 | 12/18/2026 | Yes | 10 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.42 | 0.50 | 0.11 | 0.50 | 0.22 | 0.28 | 5 | 0 | -0.30 | -0.01 | 21.80 | 21.00 | 12/24/2026 | No | 12 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.68 | 2.47 | 0.54 | 2.50 | 0.22 | 0.22 | 0 | 1 | -0.27 | -0.06 | 168.32 | 162.50 | 12/24/2026 | No | 9 | 67 | None | |
| CLX | Clorox Company | Options Chain | 0.95 | 3.60 | 1.03 | 5.00 | 0.21 | 0.38 | 228 | 80 | -0.27 | -0.08 | 105.53 | 100.00 | 12/18/2026 | No | 13 | 54 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.23 | 0.60 | 0.20 | 1.00 | 0.20 | 0.23 | 9 | 6 | -0.22 | -0.01 | 36.70 | 35.00 | 12/24/2026 | No | 12 | 68 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.40 | 12 | 0 | -0.25 | -0.01 | 21.52 | 20.00 | 12/18/2026 | No | 9 | 59 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.55 | 0.20 | 1.00 | 0.20 | 0.21 | 2 | 93 | -0.28 | -0.01 | 45.65 | 44.00 | 12/18/2026 | No | 8 | 56 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.25 | 0.10 | 0.50 | 0.20 | 0.33 | 14 | 12 | -0.27 | -0.01 | 12.52 | 11.50 | 12/24/2026 | No | 7 | 51 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.95 | 1.20 | 0.60 | 3.00 | 0.20 | 0.38 | 28 | 31 | -0.28 | -0.03 | 48.45 | 45.00 | 12/18/2026 | No | 12 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.00 | 3.25 | 0.97 | 5.00 | 0.19 | 0.31 | 8 | 4 | -0.29 | -0.06 | 164.73 | 155.00 | 12/24/2026 | No | 11 | 66 | None | |
| XYL | Xylem Inc | Options Chain | 1.35 | 2.45 | 0.45 | 2.50 | 0.18 | 0.32 | 0 | 2 | -0.30 | -0.06 | 97.83 | 92.50 | 12/18/2026 | No | 13 | 54 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.90 | 0.43 | 2.50 | 0.17 | 0.26 | 5 | 2 | -0.25 | -0.01 | 50.33 | 47.50 | 12/18/2026 | No | 10 | 66 | None | |
| BAM | Brookfield Asset Management Ltd - Class A | Options Chain | 0.85 | 1.10 | 0.43 | 2.50 | 0.17 | 0.33 | 12 | 1 | -0.25 | -0.02 | 54.18 | 50.00 | 12/18/2026 | No | 11 | 55 | None | |
| GIS | General Mills Inc | Options Chain | 0.65 | 0.70 | 0.43 | 2.50 | 0.17 | 0.37 | 112 | 14 | -0.28 | -0.02 | 34.88 | 32.50 | 12/18/2026 | Yes | 5 | 52 | None | |
| RF | Regions Financial Corp | Options Chain | 0.20 | 0.60 | 0.17 | 1.00 | 0.17 | 0.28 | 0 | 1 | -0.21 | -0.01 | 28.93 | 27.00 | 12/18/2026 | No | 16 | 69 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.35 | 0.17 | 1.00 | 0.17 | 0.29 | 15 | 0 | -0.25 | -0.01 | 21.41 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.13 | 1.45 | 0.17 | 1.00 | 0.17 | 0.32 | 0 | 20 | -0.30 | -0.03 | 62.14 | 59.00 | 12/24/2026 | No | 14 | 70 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.90 | 1.20 | 0.42 | 2.50 | 0.17 | 0.27 | 0 | 3 | -0.29 | -0.03 | 65.10 | 62.50 | 12/18/2026 | No | 16 | 77 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.83 | 0.96 | 0.16 | 1.00 | 0.16 | 0.39 | 2 | 0 | -0.26 | -0.02 | 42.40 | 40.00 | 12/24/2026 | No | 11 | 68 | None | |
| ET | Energy Transfer LP | Options Chain | 0.21 | 0.29 | 0.08 | 0.50 | 0.16 | 0.23 | 11 | 0 | -0.27 | -0.01 | 19.09 | 18.50 | 12/24/2026 | No | 12 | 63 | None | |
| VTRS | Viatris Inc | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.33 | 1 | 2 | -0.22 | -0.01 | 20.49 | 19.00 | 12/18/2026 | No | 6 | 51 | None |