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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | Cisco Systems Inc | Options Chain | 3.70 | 4.75 | 0.40 | 1.00 | 0.40 | 0.54 | 0 | 6 | -0.30 | -0.08 | 103.78 | 90.00 | 12/24/2026 | Yes | 8 | 62 | None | |
| EIX | Edison International | Options Chain | 1.50 | 2.30 | 0.92 | 2.50 | 0.37 | 0.44 | 26 | 46 | -0.28 | -0.04 | 61.48 | 57.50 | 12/18/2026 | No | 13 | 74 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 23.40 | 24.70 | 3.60 | 10.00 | 0.36 | 0.99 | 257 | 228 | -0.29 | -0.45 | 366.45 | 280.00 | 12/18/2026 | Yes | 12 | 53 | None | |
| NTAP | Netapp Inc | Options Chain | 8.80 | 9.50 | 1.65 | 5.00 | 0.33 | 0.75 | 8 | 28 | -0.27 | -0.20 | 187.67 | 155.00 | 12/18/2026 | Yes | 10 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 6.65 | 6.90 | 1.63 | 5.00 | 0.33 | 0.75 | 793 | 6711 | -0.30 | -0.13 | 123.86 | 105.00 | 12/18/2026 | Yes | 8 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.24 | 1.47 | 0.31 | 1.00 | 0.31 | 0.49 | 0 | 13 | -0.28 | -0.02 | 40.49 | 36.00 | 12/24/2026 | Yes | 12 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.20 | 7.65 | 1.50 | 5.00 | 0.30 | 0.30 | 1 | 6 | -0.27 | -0.16 | 352.11 | 320.00 | 12/24/2026 | No | 8 | 69 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.10 | 2.40 | 0.75 | 2.50 | 0.30 | 0.37 | 1 | 1 | -0.27 | -0.05 | 81.50 | 75.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| BWA | BorgWarner Inc | Options Chain | 1.25 | 1.50 | 0.73 | 2.50 | 0.29 | 0.40 | 12 | 1 | -0.28 | -0.03 | 50.40 | 45.00 | 12/18/2026 | No | 15 | 64 | None | |
| SYF | Synchrony Financial | Options Chain | 1.60 | 2.05 | 0.73 | 2.50 | 0.29 | 0.36 | 20 | 0 | -0.29 | -0.04 | 75.03 | 70.00 | 12/18/2026 | No | 12 | 75 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.00 | 4.80 | 1.45 | 5.00 | 0.29 | 0.23 | 1 | 0 | -0.30 | -0.08 | 280.22 | 265.00 | 12/24/2026 | Yes | 9 | 61 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 18.85 | 22.45 | 1.35 | 5.00 | 0.27 | 0.38 | 110 | 15 | -0.28 | -0.44 | 928.00 | 810.00 | 12/18/2026 | No | 10 | 68 | None | |
| JNJ | Johnson & Johnson | Options Chain | 4.20 | 6.30 | 1.35 | 5.00 | 0.27 | 0.29 | 0 | 1 | -0.28 | -0.10 | 276.32 | 260.00 | 12/24/2026 | No | 9 | 66 | None | |
| AZN | Astrazeneca plc | Options Chain | 3.30 | 3.90 | 1.35 | 5.00 | 0.27 | 0.27 | 111 | 3 | -0.29 | -0.09 | 189.30 | 180.00 | 12/18/2026 | No | 13 | 69 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.60 | 3.30 | 1.30 | 5.00 | 0.26 | 0.50 | 14 | 9 | -0.24 | -0.04 | 88.60 | 80.00 | 12/18/2026 | Yes | 16 | 64 |
Dividend Stock List |
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| XOM | Exxon Mobil Corp | Options Chain | 2.01 | 5.10 | 1.25 | 5.00 | 0.25 | 0.29 | 0 | 4 | -0.29 | -0.07 | 169.27 | 160.00 | 12/24/2026 | No | 11 | 64 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.60 | 0.25 | 1.00 | 0.25 | 0.29 | 10 | 1 | -0.30 | -0.01 | 29.03 | 27.00 | 12/18/2026 | No | 15 | 58 | None | |
| GLW | Corning Inc | Options Chain | 3.15 | 5.95 | 1.24 | 5.00 | 0.25 | 0.72 | 3 | 0 | -0.24 | -0.10 | 118.77 | 90.00 | 12/24/2026 | No | 8 | 52 | None | |
| VST | Vistra Corp | Options Chain | 3.45 | 3.80 | 1.21 | 5.00 | 0.24 | 0.59 | 463 | 57 | -0.24 | -0.09 | 120.29 | 100.00 | 12/18/2026 | Yes | 7 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.90 | 8.05 | 1.10 | 5.00 | 0.22 | 0.58 | 2 | 1 | -0.29 | -0.13 | 173.19 | 145.00 | 12/24/2026 | Yes | 10 | 63 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.80 | 0.22 | 1.00 | 0.22 | 0.34 | 0 | 22 | -0.25 | -0.02 | 39.08 | 36.00 | 12/18/2026 | No | 11 | 68 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.79 | 2.72 | 0.54 | 2.50 | 0.22 | 0.22 | 10 | 2 | -0.26 | -0.07 | 167.32 | 160.00 | 12/24/2026 | No | 9 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.75 | 13.85 | 1.05 | 5.00 | 0.21 | 0.49 | 19 | 12 | -0.29 | -0.24 | 395.75 | 330.00 | 12/24/2026 | No | 23 | 68 |
Dividend Stock List |
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| APH | Amphenol Corp - Class A | Options Chain | 2.35 | 2.65 | 0.52 | 2.50 | 0.21 | 0.56 | 1314 | 487 | -0.24 | -0.06 | 79.00 | 65.00 | 12/18/2026 | No | 8 | 55 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.85 | 1.00 | 0.40 | 2.00 | 0.20 | 0.40 | 1 | 24 | -0.19 | -0.02 | 49.94 | 42.00 | 12/18/2026 | No | 12 | 66 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.30 | 0.50 | 0.20 | 1.00 | 0.20 | 0.28 | 30 | 0 | -0.29 | -0.01 | 23.74 | 22.00 | 12/18/2026 | No | 12 | 63 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.45 | 0.20 | 1.00 | 0.20 | 0.30 | 15 | 0 | -0.29 | -0.01 | 16.06 | 15.00 | 12/18/2026 | No | 10 | 57 | None | |
| ALL | Allstate Corp (The) | Options Chain | 2.95 | 4.80 | 1.88 | 10.00 | 0.19 | 0.31 | 96 | 31 | -0.21 | -0.10 | 268.08 | 250.00 | 12/18/2026 | Yes | 14 | 68 | None | |
| SRE | Sempra | Options Chain | 0.95 | 1.55 | 0.87 | 5.00 | 0.17 | 0.26 | 4 | 1 | -0.24 | -0.02 | 82.90 | 75.00 | 12/18/2026 | Yes | 7 | 66 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.42 | 8 | 22 | -0.23 | -0.01 | 22.43 | 20.00 | 12/18/2026 | Yes | 13 | 67 | None | |
| GRMN | Garmin Ltd | Options Chain | 3.80 | 7.00 | 1.50 | 10.00 | 0.15 | 0.32 | 1 | 0 | -0.28 | -0.14 | 289.15 | 270.00 | 12/18/2026 | No | 15 | 56 |
Dividend Stock List |
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| DUK | Duke Energy Corp | Options Chain | 1.20 | 1.80 | 0.75 | 5.00 | 0.15 | 0.20 | 98 | 61 | -0.24 | -0.02 | 129.59 | 125.00 | 12/18/2026 | Yes | 10 | 75 | None |