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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.95 | 0.45 | 1.00 | 0.45 | 0.50 | 2 | 1 | -0.29 | -0.03 | 44.98 | 42.00 | 11/20/2026 | Yes | 14 | 58 | None | |
| SYF | Synchrony Financial | Options Chain | 1.45 | 2.50 | 0.93 | 2.50 | 0.37 | 0.37 | 20 | 0 | -0.30 | -0.04 | 71.77 | 67.50 | 11/20/2026 | Yes | 14 | 75 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.65 | 7.05 | 1.62 | 5.00 | 0.32 | 0.51 | 108 | 100 | -0.28 | -0.13 | 184.87 | 170.00 | 11/20/2026 | Yes | 12 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.50 | 10.10 | 3.05 | 10.00 | 0.30 | 0.37 | 64 | 102 | -0.29 | -0.20 | 371.90 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.40 | 11.85 | 3.00 | 10.00 | 0.30 | 0.33 | 539 | 175 | -0.30 | -0.23 | 472.78 | 450.00 | 11/20/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 5.00 | 5.15 | 1.50 | 5.00 | 0.30 | 0.51 | 403 | 315 | -0.28 | -0.09 | 142.30 | 130.00 | 11/20/2026 | No | 13 | 69 | None | |
| SBAC | SBA Communications Corp - Class A | Options Chain | 1.75 | 5.70 | 1.50 | 5.00 | 0.30 | 0.32 | 31 | 0 | -0.30 | -0.07 | 158.02 | 150.00 | 11/20/2026 | Yes | 8 | 52 | None | |
| VST | Vistra Corp | Options Chain | 4.75 | 5.15 | 1.40 | 5.00 | 0.28 | 0.48 | 283 | 57 | -0.29 | -0.11 | 139.75 | 130.00 | 11/20/2026 | Yes | 8 | 61 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.51 | 1.62 | 0.68 | 2.50 | 0.27 | 0.35 | 160 | 238 | -0.30 | -0.03 | 57.84 | 55.00 | 11/20/2026 | Yes | 13 | 63 | None | |
| STM | ST Microelectronics | Options Chain | 1.95 | 2.15 | 0.27 | 1.00 | 0.27 | 0.63 | 41 | 1 | -0.23 | -0.05 | 57.26 | 50.00 | 11/20/2026 | Yes | 12 | 53 | None | |
| PPL | PPL Corp | Options Chain | 0.45 | 0.65 | 0.27 | 1.00 | 0.27 | 0.21 | 2 | 0 | -0.30 | -0.01 | 32.76 | 32.00 | 11/20/2026 | Yes | 7 | 61 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.20 | 3.75 | 1.33 | 5.00 | 0.27 | 0.31 | 31 | 114 | -0.28 | -0.07 | 164.01 | 155.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.95 | 2.65 | 1.30 | 5.00 | 0.26 | 0.42 | 179 | 71 | -0.30 | -0.03 | 69.69 | 65.00 | 11/20/2026 | Yes | 12 | 56 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 5.30 | 7.00 | 2.50 | 10.00 | 0.25 | 0.48 | 9 | 9 | -0.23 | -0.16 | 243.66 | 220.00 | 11/20/2026 | Yes | 14 | 75 | None | |
| NTAP | Netapp Inc | Options Chain | 7.10 | 9.70 | 2.40 | 10.00 | 0.24 | 0.49 | 29 | 105 | -0.30 | -0.16 | 226.27 | 210.00 | 11/20/2026 | No | 13 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.50 | 11.80 | 1.17 | 5.00 | 0.23 | 0.31 | 101 | 83 | -0.28 | -0.24 | 517.53 | 490.00 | 11/20/2026 | Yes | 14 | 72 | None | |
| NEM | Newmont Corp | Options Chain | 2.34 | 2.75 | 1.16 | 5.00 | 0.23 | 0.41 | 59 | 8 | -0.24 | -0.07 | 114.67 | 105.00 | 11/20/2026 | Yes | 17 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 0.90 | 0.94 | 0.56 | 2.50 | 0.22 | 0.36 | 605 | 695 | -0.28 | -0.02 | 37.32 | 35.00 | 11/20/2026 | Yes | 11 | 50 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.70 | 0.78 | 0.22 | 1.00 | 0.22 | 0.26 | 22 | 28 | -0.22 | -0.01 | 45.98 | 43.00 | 11/20/2026 | Yes | 7 | 64 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.53 | 0.22 | 1.00 | 0.22 | 0.27 | 52 | 75 | -0.29 | -0.01 | 24.30 | 23.00 | 11/20/2026 | Yes | 10 | 60 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.74 | 2.91 | 1.08 | 5.00 | 0.22 | 0.24 | 399 | 262 | -0.23 | -0.09 | 231.89 | 220.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.04 | 1.25 | 0.54 | 2.50 | 0.22 | 0.26 | 13 | 26 | -0.25 | -0.03 | 76.35 | 72.50 | 11/20/2026 | Yes | 7 | 63 | None | |
| MET | Metlife Inc | Options Chain | 1.25 | 1.60 | 0.53 | 2.50 | 0.21 | 0.30 | 0 | 1 | -0.24 | -0.04 | 94.35 | 87.50 | 11/20/2026 | Yes | 15 | 60 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.90 | 1.30 | 0.48 | 2.50 | 0.19 | 0.27 | 55 | 55 | -0.30 | -0.03 | 57.51 | 55.00 | 11/20/2026 | Yes | 15 | 75 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.21 | 1.50 | 0.45 | 2.50 | 0.18 | 0.30 | 131 | 73 | -0.25 | -0.03 | 80.25 | 75.00 | 11/20/2026 | Yes | 16 | 75 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.00 | 1.50 | 0.42 | 2.50 | 0.17 | 0.44 | 0 | 2 | -0.22 | -0.03 | 57.78 | 52.50 | 11/20/2026 | Yes | 9 | 57 | None |