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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | Nike Inc - Class B | Options Chain | 1.68 | 2.04 | 0.68 | 1.00 | 0.68 | 0.47 | 3 | 1 | -0.28 | -0.04 | 63.54 | 59.00 | 1/23/2026 | Yes | 8 | 55 | None | |
| TGT | Target Corp | Options Chain | 1.89 | 2.21 | 0.43 | 1.00 | 0.43 | 0.33 | 3 | 1 | -0.28 | -0.05 | 93.06 | 88.00 | 1/23/2026 | No | 12 | 66 | None | |
| NVO | Novo Nordisk | Options Chain | 1.23 | 1.34 | 0.36 | 1.00 | 0.36 | 0.37 | 15 | 39 | -0.30 | -0.03 | 46.77 | 44.00 | 1/23/2026 | No | 14 | 65 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.50 | 0.75 | 0.18 | 0.50 | 0.36 | 0.37 | 1 | 0 | -0.30 | -0.01 | 22.78 | 21.50 | 1/23/2026 | Yes | 13 | 68 | None | |
| SLB | SLB | Options Chain | 0.75 | 0.98 | 0.33 | 1.00 | 0.33 | 0.36 | 0 | 1 | -0.27 | -0.02 | 38.24 | 36.00 | 1/23/2026 | Yes | 12 | 69 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.25 | 14.75 | 1.62 | 5.00 | 0.32 | 0.49 | 47 | 53 | -0.28 | -0.28 | 401.10 | 375.00 | 1/23/2026 | Yes | 8 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.75 | 8.40 | 1.60 | 5.00 | 0.32 | 0.37 | 3 | 24 | -0.29 | -0.18 | 323.62 | 305.00 | 1/23/2026 | Yes | 12 | 67 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.65 | 1.95 | 0.32 | 1.00 | 0.32 | 0.55 | 0 | 36 | -0.28 | -0.04 | 43.55 | 44.00 | 1/23/2026 | No | 19 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 1.43 | 1.81 | 0.32 | 1.00 | 0.32 | 0.22 | 5 | 0 | -0.28 | -0.04 | 113.56 | 110.00 | 1/23/2026 | No | 9 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.65 | 8.30 | 1.55 | 5.00 | 0.31 | 0.39 | 3 | 18 | -0.28 | -0.17 | 301.87 | 285.00 | 1/23/2026 | Yes | 22 | 74 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 7.90 | 8.30 | 1.42 | 5.00 | 0.28 | 0.56 | 6 | 3 | -0.27 | -0.17 | 220.54 | 200.00 | 1/23/2026 | Yes | 8 | 62 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.00 | 1.23 | 0.28 | 1.00 | 0.28 | 0.38 | 0 | 1 | -0.28 | -0.02 | 45.00 | 42.00 | 1/23/2026 | Yes | 11 | 61 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.90 | 1.18 | 0.27 | 1.00 | 0.27 | 0.23 | 0 | 4 | -0.27 | -0.02 | 78.86 | 76.00 | 1/23/2026 | No | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.70 | 8.55 | 1.28 | 5.00 | 0.26 | 0.23 | 11 | 39 | -0.30 | -0.19 | 491.02 | 475.00 | 1/23/2026 | No | 14 | 69 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.37 | 1.46 | 0.63 | 2.50 | 0.25 | 0.23 | 47 | 97 | -0.30 | -0.04 | 91.28 | 87.50 | 1/16/2026 | No | 11 | 68 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.75 | 0.85 | 0.25 | 1.00 | 0.25 | 0.29 | 47 | 14 | -0.26 | -0.03 | 47.39 | 45.00 | 1/16/2026 | No | 14 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.41 | 0.56 | 0.24 | 1.00 | 0.24 | 0.31 | 0 | 27314 | -0.26 | -0.01 | 26.65 | 25.00 | 1/23/2026 | No | 13 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.50 | 5.55 | 1.18 | 5.00 | 0.24 | 0.28 | 18 | 7 | -0.26 | -0.11 | 315.21 | 285.00 | 1/23/2026 | Yes | 11 | 78 | None | |
| NEM | Newmont Corp | Options Chain | 2.18 | 2.85 | 0.23 | 1.00 | 0.23 | 0.41 | 0 | 1 | -0.30 | -0.05 | 89.00 | 87.00 | 1/23/2026 | No | 18 | 71 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.87 | 1.03 | 0.22 | 1.00 | 0.22 | 0.27 | 5 | 8 | -0.25 | -0.02 | 53.90 | 51.00 | 1/23/2026 | Yes | 12 | 74 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.61 | 0.97 | 0.22 | 1.00 | 0.22 | 0.26 | 0 | 2 | -0.27 | -0.01 | 51.67 | 48.00 | 1/23/2026 | No | 13 | 61 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.44 | 0.64 | 0.11 | 0.50 | 0.22 | 0.39 | 0 | 8 | -0.27 | -0.01 | 23.86 | 22.50 | 1/23/2026 | No | 11 | 59 | None | |
| HD | Home Depot Inc | Options Chain | 5.10 | 5.95 | 1.05 | 5.00 | 0.21 | 0.24 | 4 | 21 | -0.29 | -0.15 | 349.91 | 335.00 | 1/23/2026 | No | 7 | 60 | None | |
| MO | Altria Group Inc | Options Chain | 0.61 | 0.88 | 0.21 | 1.00 | 0.21 | 0.18 | 0 | 5 | -0.25 | -0.01 | 58.11 | 56.00 | 1/23/2026 | No | 12 | 66 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.70 | 0.20 | 1.00 | 0.20 | 0.38 | 2 | 6 | -0.30 | -0.02 | 25.81 | 25.00 | 1/16/2026 | No | 15 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.47 | 0.69 | 0.10 | 0.50 | 0.20 | 0.43 | 0 | 1 | -0.26 | -0.02 | 22.86 | 21.50 | 1/23/2026 | No | 11 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.24 | 0.10 | 0.50 | 0.20 | 0.29 | 39 | 0 | -0.27 | -0.01 | 13.14 | 12.50 | 1/23/2026 | No | 16 | 54 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.75 | 0.90 | 0.48 | 2.50 | 0.19 | 0.29 | 5 | 100 | -0.27 | -0.03 | 57.94 | 55.00 | 1/16/2026 | No | 13 | 53 | None | |
| HPQ | HP Inc | Options Chain | 0.32 | 0.47 | 0.17 | 1.00 | 0.17 | 0.34 | 2 | 0 | -0.20 | -0.01 | 25.07 | 23.00 | 1/23/2026 | No | 11 | 48 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.50 | 0.17 | 1.00 | 0.17 | 0.33 | 37 | 0 | -0.26 | -0.02 | 26.34 | 25.00 | 1/16/2026 | Yes | 13 | 70 | None | |
| TOL | Toll Brothers Inc | Options Chain | 1.85 | 2.00 | 0.83 | 5.00 | 0.17 | 0.35 | 35 | 43 | -0.22 | -0.07 | 136.20 | 125.00 | 1/16/2026 | Yes | 12 | 69 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.20 | 1.70 | 0.80 | 5.00 | 0.16 | 0.25 | 1 | 0 | -0.26 | -0.04 | 114.98 | 110.00 | 1/16/2026 | No | 12 | 61 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.27 | 0 | 1 | -0.21 | -0.01 | 26.57 | 25.00 | 1/23/2026 | No | 13 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.30 | 0.44 | 0.15 | 1.00 | 0.15 | 0.21 | 54 | 0 | -0.21 | -0.01 | 41.30 | 38.00 | 1/23/2026 | Yes | 15 | 71 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.31 | 20 | 0 | -0.25 | -0.01 | 23.26 | 22.00 | 1/16/2026 | No | 15 | 55 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.30 | 0.15 | 1.00 | 0.15 | 0.31 | 93 | 4 | -0.28 | -0.01 | 14.78 | 14.00 | 1/16/2026 | No | 11 | 66 | None | |
| FE | Firstenergy Corp | Options Chain | 0.50 | 0.60 | 0.15 | 1.00 | 0.15 | 0.19 | 1 | 0 | -0.30 | -0.02 | 44.75 | 44.00 | 1/16/2026 | No | 10 | 69 | None |