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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KHC | Kraft Heinz Company | Options Chain | 0.34 | 0.65 | 0.22 | 0.50 | 0.44 | 0.35 | 56 | 2 | -0.26 | -0.01 | 23.68 | 22.00 | 11/27/2026 | Yes | 7 | 60 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.64 | 2.73 | 0.41 | 1.00 | 0.41 | 0.62 | 0 | 12 | -0.28 | -0.06 | 54.59 | 51.00 | 11/27/2026 | No | 12 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.80 | 1.56 | 0.37 | 1.00 | 0.37 | 0.33 | 0 | 26 | -0.28 | -0.04 | 59.75 | 56.00 | 11/27/2026 | Yes | 16 | 63 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.38 | 1.86 | 0.36 | 1.00 | 0.36 | 0.27 | 1 | 23 | -0.30 | -0.04 | 92.00 | 86.00 | 11/27/2026 | No | 12 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.28 | 0.33 | 0.18 | 0.50 | 0.36 | 0.37 | 42 | 39 | -0.30 | -0.01 | 12.44 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.00 | 1.43 | 0.34 | 1.00 | 0.34 | 0.38 | 1 | 1 | -0.29 | -0.03 | 50.68 | 48.00 | 11/27/2026 | Yes | 9 | 56 | None | |
| DOW | Dow Inc | Options Chain | 0.55 | 1.06 | 0.33 | 1.00 | 0.33 | 0.43 | 0 | 92 | -0.29 | -0.02 | 29.95 | 28.00 | 11/27/2026 | Yes | 8 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 4.75 | 5.00 | 0.33 | 1.00 | 0.33 | 0.56 | 55 | 1 | -0.29 | -0.12 | 127.80 | 120.00 | 11/27/2026 | No | 8 | 62 | None | |
| GE | General Electric Company | Options Chain | 6.20 | 8.30 | 1.57 | 5.00 | 0.31 | 0.37 | 0 | 1 | -0.29 | -0.20 | 313.16 | 295.00 | 11/27/2026 | Yes | 11 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.81 | 2.55 | 0.30 | 1.00 | 0.30 | 0.49 | 1 | 0 | -0.29 | -0.06 | 69.35 | 65.00 | 11/27/2026 | Yes | 10 | 58 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.45 | 12.10 | 1.45 | 5.00 | 0.29 | 0.31 | 5 | 18 | -0.30 | -0.27 | 527.03 | 510.00 | 11/27/2026 | Yes | 13 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.70 | 8.55 | 1.45 | 5.00 | 0.29 | 0.29 | 30 | 6 | -0.30 | -0.20 | 400.90 | 390.00 | 11/27/2026 | No | 10 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.75 | 0.29 | 1.00 | 0.29 | 0.28 | 77 | 8 | -0.25 | -0.02 | 44.78 | 42.00 | 11/27/2026 | Yes | 10 | 73 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.76 | 0.86 | 0.29 | 1.00 | 0.29 | 0.37 | 26 | 118 | -0.26 | -0.02 | 37.14 | 35.00 | 11/27/2026 | No | 12 | 58 | None | |
| C | Citigroup Inc | Options Chain | 1.80 | 2.45 | 0.29 | 1.00 | 0.29 | 0.29 | 0 | 2 | -0.28 | -0.05 | 124.22 | 116.00 | 11/27/2026 | No | 16 | 79 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.99 | 3.65 | 1.44 | 5.00 | 0.29 | 0.29 | 67 | 25 | -0.29 | -0.07 | 178.84 | 170.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| CRM | Salesforce Inc | Options Chain | 4.05 | 6.90 | 1.43 | 5.00 | 0.29 | 0.41 | 2 | 29 | -0.26 | -0.16 | 239.40 | 225.00 | 11/27/2026 | No | 10 | 63 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.90 | 3.25 | 1.41 | 5.00 | 0.28 | 0.44 | 1 | 2 | -0.29 | -0.08 | 107.03 | 100.00 | 11/27/2026 | Yes | 8 | 62 | None | |
| KR | Kroger Company | Options Chain | 0.86 | 1.43 | 0.28 | 1.00 | 0.28 | 0.29 | 4 | 0 | -0.30 | -0.03 | 63.38 | 60.00 | 11/27/2026 | No | 11 | 55 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.75 | 8.05 | 1.40 | 5.00 | 0.28 | 0.39 | 238 | 123 | -0.28 | -0.21 | 328.75 | 315.00 | 11/27/2026 | No | 10 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.71 | 5.35 | 1.39 | 5.00 | 0.28 | 0.23 | 61 | 77 | -0.24 | -0.15 | 339.35 | 320.00 | 11/27/2026 | No | 9 | 78 | None | |
| HD | Home Depot Inc | Options Chain | 5.20 | 6.30 | 1.37 | 5.00 | 0.27 | 0.31 | 5 | 3 | -0.28 | -0.17 | 309.63 | 295.00 | 11/27/2026 | Yes | 8 | 61 | None | |
| CVX | Chevron Corp | Options Chain | 3.70 | 4.75 | 1.37 | 5.00 | 0.27 | 0.29 | 5 | 5 | -0.30 | -0.09 | 225.04 | 215.00 | 11/27/2026 | Yes | 11 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.80 | 8.45 | 1.35 | 5.00 | 0.27 | 0.32 | 166 | 137 | -0.28 | -0.22 | 422.25 | 400.00 | 11/27/2026 | No | 20 | 61 |
Dividend Stock List |
|
| IBM | International Business Machines Corp | Options Chain | 5.05 | 6.10 | 1.35 | 5.00 | 0.27 | 0.40 | 1 | 11 | -0.28 | -0.13 | 232.14 | 220.00 | 11/27/2026 | Yes | 9 | 66 | None | |
| RTX | RTX Corp | Options Chain | 1.70 | 4.70 | 1.31 | 5.00 | 0.26 | 0.32 | 13 | 2 | -0.26 | -0.09 | 193.90 | 180.00 | 11/27/2026 | Yes | 12 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.97 | 1.14 | 0.25 | 1.00 | 0.25 | 0.21 | 8 | 3 | -0.25 | -0.04 | 93.90 | 90.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.00 | 1.53 | 0.24 | 1.00 | 0.24 | 0.36 | 0 | 2 | -0.26 | -0.03 | 62.37 | 59.00 | 11/27/2026 | Yes | 9 | 62 | None | |
| WMT | Walmart Inc | Options Chain | 1.60 | 2.26 | 0.24 | 1.00 | 0.24 | 0.29 | 8 | 34 | -0.28 | -0.06 | 118.72 | 113.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.07 | 1.41 | 0.24 | 1.00 | 0.24 | 0.27 | 2 | 76 | -0.28 | -0.03 | 83.78 | 78.00 | 11/27/2026 | No | 15 | 74 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.53 | 0.64 | 0.24 | 1.00 | 0.24 | 0.27 | 10 | 0 | -0.29 | -0.01 | 33.73 | 32.00 | 11/27/2026 | Yes | 8 | 59 | None | |
| MMM | 3M Company | Options Chain | 1.76 | 3.85 | 1.12 | 5.00 | 0.22 | 0.36 | 3 | 0 | -0.23 | -0.08 | 164.88 | 150.00 | 11/27/2026 | Yes | 7 | 59 | None | |
| MS | Morgan Stanley | Options Chain | 2.81 | 3.40 | 1.07 | 5.00 | 0.21 | 0.29 | 27 | 5 | -0.29 | -0.07 | 180.57 | 170.00 | 11/27/2026 | No | 10 | 67 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.35 | 5.75 | 1.05 | 5.00 | 0.21 | 0.50 | 27 | 4 | -0.27 | -0.15 | 171.98 | 160.00 | 11/27/2026 | Yes | 10 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 0.59 | 1.06 | 0.21 | 1.00 | 0.21 | 0.39 | 4 | 3 | -0.25 | -0.03 | 38.73 | 36.00 | 11/27/2026 | Yes | 14 | 59 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.82 | 4.20 | 1.02 | 5.00 | 0.20 | 0.23 | 29 | 19 | -0.30 | -0.11 | 242.52 | 235.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.44 | 2.92 | 0.94 | 5.00 | 0.19 | 0.24 | 54 | 13 | -0.22 | -0.08 | 255.56 | 240.00 | 11/27/2026 | No | 9 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.31 | 0.42 | 0.18 | 1.00 | 0.18 | 0.41 | 9 | 16 | -0.19 | -0.01 | 21.95 | 20.00 | 11/27/2026 | Yes | 15 | 70 | None |