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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | HP Inc | Options Chain | 1.12 | 1.40 | 0.42 | 1.00 | 0.42 | 0.49 | 17 | 20 | -0.29 | -0.02 | 31.30 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| CMI | Cummins Inc | Options Chain | 13.60 | 17.80 | 3.70 | 10.00 | 0.37 | 0.39 | 46 | 2 | -0.29 | -0.26 | 525.06 | 490.00 | 11/20/2026 | Yes | 9 | 63 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.75 | 2.20 | 0.35 | 1.00 | 0.35 | 0.52 | 0 | 1 | -0.29 | -0.03 | 48.04 | 44.00 | 11/20/2026 | Yes | 17 | 64 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.55 | 14.70 | 1.70 | 5.00 | 0.34 | 0.20 | 90 | 30 | -0.29 | -0.27 | 922.76 | 890.00 | 11/20/2026 | Yes | 14 | 59 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.40 | 7.75 | 1.68 | 5.00 | 0.34 | 0.42 | 51 | 36 | -0.30 | -0.12 | 225.51 | 210.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| HD | Home Depot Inc | Options Chain | 6.90 | 7.70 | 1.65 | 5.00 | 0.33 | 0.31 | 21 | 56 | -0.29 | -0.14 | 292.44 | 280.00 | 11/20/2026 | Yes | 8 | 61 | None | |
| GLW | Corning Inc | Options Chain | 6.45 | 7.25 | 1.60 | 5.00 | 0.32 | 0.60 | 50 | 26 | -0.27 | -0.11 | 156.74 | 140.00 | 11/20/2026 | Yes | 10 | 54 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.10 | 0.32 | 1.00 | 0.32 | 0.35 | 2 | 0 | -0.27 | -0.01 | 38.79 | 36.00 | 11/20/2026 | Yes | 15 | 79 | None | |
| MSFT | Microsoft Corporation | Options Chain | 13.05 | 13.55 | 1.57 | 5.00 | 0.31 | 0.32 | 141 | 111 | -0.30 | -0.23 | 495.78 | 490.00 | 11/20/2026 | Yes | 11 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.35 | 5.50 | 1.55 | 5.00 | 0.31 | 0.52 | 409 | 1425 | -0.28 | -0.09 | 137.10 | 125.00 | 11/20/2026 | No | 8 | 62 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.80 | 3.20 | 0.77 | 2.50 | 0.31 | 0.47 | 10 | 21 | -0.28 | -0.06 | 84.09 | 77.50 | 11/20/2026 | Yes | 10 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.35 | 9.00 | 1.50 | 5.00 | 0.30 | 0.52 | 31 | 101 | -0.28 | -0.14 | 201.97 | 185.00 | 11/20/2026 | Yes | 10 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 7.55 | 7.95 | 2.97 | 10.00 | 0.30 | 0.40 | 159 | 112 | -0.30 | -0.13 | 234.02 | 220.00 | 11/20/2026 | No | 11 | 63 | None | |
| MDT | Medtronic Plc | Options Chain | 0.93 | 2.30 | 0.73 | 2.50 | 0.29 | 0.29 | 51 | 43 | -0.25 | -0.03 | 88.64 | 82.50 | 11/20/2026 | Yes | 12 | 64 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.10 | 2.35 | 0.73 | 2.50 | 0.29 | 0.34 | 16 | 263 | -0.29 | -0.04 | 84.97 | 80.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| HAL | Halliburton Company | Options Chain | 0.79 | 1.19 | 0.29 | 1.00 | 0.29 | 0.37 | 6 | 15 | -0.30 | -0.02 | 32.76 | 31.00 | 11/20/2026 | Yes | 10 | 48 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.25 | 9.50 | 2.83 | 10.00 | 0.28 | 0.36 | 953 | 689 | -0.28 | -0.18 | 352.81 | 330.00 | 11/20/2026 | No | 14 | 67 | None | |
| BWXT | BWX Technologies Inc | Options Chain | 3.90 | 4.40 | 1.37 | 5.00 | 0.27 | 0.47 | 20 | 10 | -0.25 | -0.08 | 138.47 | 125.00 | 11/20/2026 | Yes | 10 | 56 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.60 | 0.80 | 0.27 | 1.00 | 0.27 | 0.41 | 2 | 2 | -0.29 | -0.01 | 21.80 | 20.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.56 | 0.60 | 0.27 | 1.00 | 0.27 | 0.29 | 84 | 47 | -0.30 | -0.01 | 25.38 | 24.00 | 11/20/2026 | Yes | 15 | 67 | None | |
| EIX | Edison International | Options Chain | 1.05 | 1.25 | 0.67 | 2.50 | 0.27 | 0.38 | 42 | 4 | -0.24 | -0.02 | 52.65 | 47.50 | 11/20/2026 | Yes | 10 | 56 | None | |
| VST | Vistra Corp | Options Chain | 3.65 | 4.00 | 1.30 | 5.00 | 0.26 | 0.45 | 34 | 71 | -0.24 | -0.08 | 138.46 | 125.00 | 11/20/2026 | Yes | 7 | 61 | None | |
| CVS | CVS Health Corp | Options Chain | 2.17 | 2.40 | 0.65 | 2.50 | 0.26 | 0.36 | 7 | 564 | -0.27 | -0.04 | 89.13 | 82.50 | 11/20/2026 | Yes | 14 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.85 | 9.45 | 2.55 | 10.00 | 0.26 | 0.36 | 86 | 76 | -0.26 | -0.19 | 376.59 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.90 | 6.80 | 1.27 | 5.00 | 0.25 | 0.26 | 321 | 32 | -0.28 | -0.11 | 343.06 | 325.00 | 11/20/2026 | Yes | 8 | 71 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.10 | 2.44 | 0.62 | 2.50 | 0.25 | 0.41 | 18 | 182 | -0.25 | -0.04 | 84.94 | 77.50 | 11/20/2026 | Yes | 10 | 58 | None | |
| KO | Coca-Cola Company | Options Chain | 1.48 | 1.59 | 0.62 | 2.50 | 0.25 | 0.22 | 125 | 180 | -0.30 | -0.03 | 88.20 | 85.00 | 11/20/2026 | Yes | 9 | 61 | None | |
| TGT | Target Corp | Options Chain | 3.70 | 4.20 | 1.23 | 5.00 | 0.25 | 0.37 | 14 | 32 | -0.27 | -0.07 | 157.45 | 145.00 | 11/20/2026 | No | 11 | 64 | None | |
| AA | Alcoa Corp | Options Chain | 1.52 | 1.90 | 1.23 | 5.00 | 0.25 | 0.47 | 12 | 13 | -0.30 | -0.03 | 42.85 | 40.00 | 11/20/2026 | Yes | 16 | 42 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.10 | 1.45 | 0.61 | 2.50 | 0.24 | 0.24 | 123 | 94 | -0.27 | -0.03 | 76.08 | 72.50 | 11/20/2026 | Yes | 7 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.00 | 10.35 | 2.40 | 10.00 | 0.24 | 0.33 | 690 | 128 | -0.26 | -0.20 | 450.61 | 420.00 | 11/20/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.21 | 2.65 | 1.20 | 5.00 | 0.24 | 0.62 | 71 | 100 | -0.24 | -0.05 | 62.94 | 55.00 | 11/20/2026 | No | 9 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.20 | 3.50 | 1.20 | 5.00 | 0.24 | 0.32 | 109 | 261 | -0.26 | -0.06 | 160.59 | 150.00 | 11/20/2026 | Yes | 11 | 66 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.00 | 3.35 | 1.17 | 5.00 | 0.23 | 0.23 | 174 | 156 | -0.24 | -0.08 | 237.97 | 225.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.51 | 0.64 | 0.23 | 1.00 | 0.23 | 0.27 | 44 | 2 | -0.28 | -0.01 | 31.22 | 29.00 | 11/20/2026 | Yes | 12 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.03 | 1.07 | 0.57 | 2.50 | 0.23 | 0.45 | 121 | 946 | -0.25 | -0.02 | 35.75 | 32.50 | 11/20/2026 | Yes | 11 | 53 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.05 | 2.19 | 1.13 | 5.00 | 0.23 | 0.47 | 36 | 162 | -0.25 | -0.04 | 72.31 | 65.00 | 11/20/2026 | Yes | 12 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.51 | 1.67 | 0.54 | 2.50 | 0.22 | 0.30 | 640 | 203 | -0.26 | -0.03 | 82.97 | 77.50 | 11/20/2026 | Yes | 12 | 65 | None | |
| CVX | Chevron Corp | Options Chain | 3.55 | 3.75 | 1.06 | 5.00 | 0.21 | 0.30 | 160 | 97 | -0.25 | -0.07 | 204.45 | 190.00 | 11/20/2026 | Yes | 13 | 77 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.65 | 3.10 | 1.03 | 5.00 | 0.21 | 0.30 | 6 | 17 | -0.24 | -0.07 | 166.58 | 155.00 | 11/20/2026 | Yes | 11 | 62 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.30 | 1.45 | 1.03 | 5.00 | 0.21 | 0.31 | 48 | 18 | -0.25 | -0.03 | 69.26 | 65.00 | 11/20/2026 | Yes | 8 | 63 | None | |
| C | Citigroup Inc | Options Chain | 2.72 | 2.92 | 1.03 | 5.00 | 0.21 | 0.32 | 61 | 249 | -0.27 | -0.05 | 134.28 | 125.00 | 11/20/2026 | Yes | 17 | 78 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.79 | 1.02 | 0.50 | 2.50 | 0.20 | 0.38 | 49 | 91 | -0.21 | -0.02 | 47.05 | 42.50 | 11/20/2026 | Yes | 10 | 57 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.95 | 1.10 | 0.50 | 2.50 | 0.20 | 0.30 | 14 | 4 | -0.28 | -0.02 | 47.10 | 45.00 | 11/20/2026 | Yes | 11 | 69 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.05 | 1.27 | 0.48 | 2.50 | 0.19 | 0.35 | 55 | 18 | -0.24 | -0.03 | 57.99 | 52.50 | 11/20/2026 | Yes | 10 | 55 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.98 | 2.21 | 0.95 | 5.00 | 0.19 | 0.41 | 152 | 146 | -0.21 | -0.05 | 106.70 | 95.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.12 | 1.25 | 0.47 | 2.50 | 0.19 | 0.33 | 61 | 31 | -0.23 | -0.02 | 62.86 | 57.50 | 11/20/2026 | Yes | 11 | 61 | None | |
| APA | APA Corporation | Options Chain | 0.88 | 1.11 | 0.46 | 2.50 | 0.18 | 0.48 | 37 | 0 | -0.20 | -0.02 | 42.74 | 37.50 | 11/20/2026 | Yes | 14 | 70 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.52 | 0.55 | 0.46 | 2.50 | 0.18 | 0.30 | 42 | 4 | -0.29 | -0.01 | 23.63 | 22.50 | 11/20/2026 | Yes | 7 | 57 | None | |
| GM | General Motors Company | Options Chain | 1.53 | 1.90 | 0.87 | 5.00 | 0.17 | 0.37 | 62 | 28 | -0.24 | -0.03 | 82.63 | 75.00 | 11/20/2026 | Yes | 10 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.60 | 1.70 | 0.86 | 5.00 | 0.17 | 0.30 | 287 | 203 | -0.21 | -0.04 | 107.98 | 100.00 | 11/20/2026 | No | 8 | 55 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.81 | 0.94 | 0.43 | 2.50 | 0.17 | 0.27 | 95 | 4 | -0.23 | -0.01 | 59.33 | 55.00 | 11/20/2026 | Yes | 12 | 65 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.39 | 0.55 | 0.17 | 1.00 | 0.17 | 0.19 | 25 | 0 | -0.25 | -0.01 | 36.75 | 35.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.31 | 0.58 | 0.17 | 1.00 | 0.17 | 0.34 | 75 | 50 | -0.25 | -0.01 | 21.91 | 20.00 | 11/20/2026 | Yes | 11 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.45 | 0.65 | 0.42 | 2.50 | 0.17 | 0.41 | 59 | 2 | -0.21 | -0.01 | 28.60 | 25.00 | 11/20/2026 | Yes | 8 | 54 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.36 | 1.54 | 0.79 | 5.00 | 0.16 | 0.24 | 197 | 69 | -0.20 | -0.04 | 128.63 | 120.00 | 11/20/2026 | Yes | 9 | 57 | None | |
| OKE | Oneok Inc | Options Chain | 1.25 | 1.30 | 0.78 | 5.00 | 0.16 | 0.33 | 30 | 0 | -0.19 | -0.03 | 88.63 | 80.00 | 11/20/2026 | Yes | 11 | 65 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 0.83 | 0.39 | 2.50 | 0.16 | 0.28 | 476 | 235 | -0.22 | -0.02 | 56.70 | 52.50 | 11/20/2026 | Yes | 10 | 65 | None | |
| KEY | Keycorp | Options Chain | 0.20 | 0.45 | 0.15 | 1.00 | 0.15 | 0.31 | 3 | 0 | -0.20 | -0.01 | 20.61 | 19.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.60 | 0.84 | 0.15 | 1.00 | 0.15 | 0.25 | 38 | 28 | -0.24 | -0.01 | 47.44 | 44.00 | 11/20/2026 | Yes | 10 | 73 | None |