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 | 1.40 | 1.75 | 0.35 | 1.00 | 0.35 | 0.49 | 2 | 4 | -0.30 | -0.03 | 45.51 | 42.00 | 11/20/2026 | Yes | 14 | 58 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 14.70 | 15.90 | 3.20 | 10.00 | 0.32 | 0.51 | 23 | 22 | -0.28 | -0.30 | 422.33 | 400.00 | 11/20/2026 | Yes | 12 | 62 | None | |
| GLW | Corning Inc | Options Chain | 6.00 | 6.30 | 1.60 | 5.00 | 0.32 | 0.59 | 550 | 109 | -0.27 | -0.13 | 164.19 | 145.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| VST | Vistra Corp | Options Chain | 5.05 | 5.25 | 1.55 | 5.00 | 0.31 | 0.49 | 123 | 239 | -0.29 | -0.11 | 140.02 | 135.00 | 11/20/2026 | Yes | 8 | 61 | None | |
| STM | ST Microelectronics | Options Chain | 1.90 | 2.05 | 0.30 | 1.00 | 0.30 | 0.63 | 57 | 1 | -0.23 | -0.05 | 57.26 | 50.00 | 11/20/2026 | Yes | 12 | 53 | None | |
| EQNR | Equinor ASA | Options Chain | 1.10 | 1.30 | 0.30 | 1.00 | 0.30 | 0.39 | 16 | 4 | -0.30 | -0.02 | 42.56 | 40.00 | 11/20/2026 | Yes | 13 | 61 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.30 | 2.35 | 0.73 | 2.50 | 0.29 | 0.47 | 43 | 78 | -0.28 | -0.05 | 72.04 | 67.50 | 11/20/2026 | Yes | 11 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.75 | 6.10 | 1.45 | 5.00 | 0.29 | 0.41 | 26 | 128 | -0.28 | -0.11 | 222.64 | 205.00 | 11/20/2026 | Yes | 9 | 66 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.95 | 4.15 | 1.45 | 5.00 | 0.29 | 0.23 | 88 | 188 | -0.30 | -0.09 | 231.89 | 225.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.65 | 5.80 | 1.43 | 5.00 | 0.29 | 0.50 | 120 | 168 | -0.25 | -0.13 | 185.04 | 165.00 | 11/20/2026 | Yes | 12 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.35 | 9.55 | 2.82 | 10.00 | 0.28 | 0.37 | 53 | 66 | -0.29 | -0.21 | 371.90 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.59 | 0.62 | 0.28 | 1.00 | 0.28 | 0.37 | 9 | 47 | -0.28 | -0.01 | 21.57 | 20.00 | 11/20/2026 | Yes | 16 | 70 | None | |
| HPQ | HP Inc | Options Chain | 0.95 | 1.01 | 0.28 | 1.00 | 0.28 | 0.47 | 89 | 81 | -0.28 | -0.02 | 32.12 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| ORCL | Oracle Corp | Options Chain | 4.50 | 4.60 | 1.40 | 5.00 | 0.28 | 0.52 | 456 | 794 | -0.26 | -0.09 | 142.30 | 130.00 | 11/20/2026 | No | 13 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.40 | 10.70 | 2.77 | 10.00 | 0.28 | 0.33 | 282 | 344 | -0.29 | -0.24 | 472.78 | 460.00 | 11/20/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| GE | General Electric Company | Options Chain | 7.45 | 7.80 | 2.73 | 10.00 | 0.27 | 0.36 | 27 | 30 | -0.29 | -0.17 | 309.56 | 290.00 | 11/20/2026 | Yes | 8 | 60 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.40 | 2.55 | 0.68 | 2.50 | 0.27 | 0.46 | 17 | 39 | -0.26 | -0.06 | 86.96 | 80.00 | 11/20/2026 | Yes | 11 | 57 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.60 | 0.70 | 0.27 | 1.00 | 0.27 | 0.41 | 8 | 3 | -0.27 | -0.01 | 22.12 | 21.00 | 11/20/2026 | Yes | 13 | 68 | None | |
| EIX | Edison International | Options Chain | 1.35 | 1.45 | 0.65 | 2.50 | 0.26 | 0.37 | 95 | 1 | -0.28 | -0.02 | 53.89 | 50.00 | 11/20/2026 | Yes | 15 | 62 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.88 | 2.95 | 1.28 | 5.00 | 0.26 | 0.39 | 299 | 141 | -0.28 | -0.07 | 112.20 | 105.00 | 11/20/2026 | Yes | 11 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.34 | 1.43 | 0.64 | 2.50 | 0.26 | 0.36 | 217 | 71 | -0.26 | -0.03 | 58.08 | 55.00 | 11/20/2026 | Yes | 13 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.15 | 3.30 | 1.27 | 5.00 | 0.25 | 0.30 | 149 | 157 | -0.29 | -0.07 | 164.01 | 155.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| NYT | New York Times Co. - Class A | Options Chain | 1.00 | 1.75 | 0.63 | 2.50 | 0.25 | 0.45 | 0 | 2 | -0.23 | -0.03 | 62.70 | 57.50 | 11/20/2026 | Yes | 14 | 61 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.65 | 0.85 | 0.25 | 1.00 | 0.25 | 0.41 | 12 | 1 | -0.26 | -0.02 | 32.40 | 29.00 | 11/20/2026 | Yes | 11 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.95 | 2.05 | 0.62 | 2.50 | 0.25 | 0.41 | 4 | 13 | -0.26 | -0.05 | 84.09 | 77.50 | 11/20/2026 | Yes | 14 | 67 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.63 | 1.67 | 0.62 | 2.50 | 0.25 | 0.30 | 54 | 313 | -0.29 | -0.03 | 80.45 | 77.50 | 11/20/2026 | Yes | 16 | 75 | None | |
| CHRW | C.H. Robinson Worldwide Inc | Options Chain | 2.80 | 3.60 | 1.22 | 5.00 | 0.24 | 0.48 | 90 | 181 | -0.24 | -0.09 | 157.72 | 125.00 | 11/20/2026 | Yes | 10 | 57 | None | |
| CVX | Chevron Corp | Options Chain | 3.60 | 3.80 | 1.22 | 5.00 | 0.24 | 0.29 | 104 | 77 | -0.29 | -0.08 | 206.69 | 195.00 | 11/20/2026 | Yes | 13 | 77 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.55 | 1.85 | 0.60 | 2.50 | 0.24 | 0.44 | 1 | 4 | -0.28 | -0.04 | 58.58 | 55.00 | 11/20/2026 | Yes | 9 | 55 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.65 | 1.90 | 0.60 | 2.50 | 0.24 | 0.34 | 59 | 39 | -0.29 | -0.04 | 80.45 | 77.50 | 11/20/2026 | Yes | 17 | 52 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.55 | 0.58 | 0.24 | 1.00 | 0.24 | 0.26 | 47 | 43 | -0.29 | -0.01 | 31.07 | 30.00 | 11/20/2026 | Yes | 12 | 67 | None | |
| NVO | Novo Nordisk | Options Chain | 0.91 | 0.92 | 0.58 | 2.50 | 0.23 | 0.37 | 461 | 431 | -0.28 | -0.02 | 37.32 | 35.00 | 11/20/2026 | Yes | 11 | 50 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.99 | 1.05 | 0.58 | 2.50 | 0.23 | 0.29 | 31 | 197 | -0.28 | -0.02 | 57.36 | 55.00 | 11/20/2026 | Yes | 15 | 75 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.70 | 0.74 | 0.23 | 1.00 | 0.23 | 0.25 | 37 | 33 | -0.23 | -0.01 | 45.92 | 43.00 | 11/20/2026 | Yes | 7 | 64 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.85 | 0.23 | 1.00 | 0.23 | 0.32 | 0 | 5 | -0.29 | -0.01 | 27.10 | 26.00 | 11/20/2026 | Yes | 18 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.65 | 5.00 | 1.15 | 5.00 | 0.23 | 0.26 | 24 | 65 | -0.25 | -0.11 | 332.38 | 315.00 | 11/20/2026 | Yes | 12 | 80 | None | |
| WMT | Walmart Inc | Options Chain | 2.10 | 2.14 | 1.15 | 5.00 | 0.23 | 0.29 | 589 | 412 | -0.30 | -0.05 | 104.26 | 100.00 | 11/20/2026 | Yes | 9 | 59 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.08 | 1.14 | 0.57 | 2.50 | 0.23 | 0.38 | 74 | 13 | -0.26 | -0.03 | 47.65 | 45.00 | 11/20/2026 | Yes | 10 | 57 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.07 | 2.17 | 1.13 | 5.00 | 0.23 | 0.60 | 335 | 479 | -0.22 | -0.05 | 69.33 | 60.00 | 11/20/2026 | No | 12 | 58 | None | |
| GM | General Motors Company | Options Chain | 1.94 | 2.01 | 1.07 | 5.00 | 0.21 | 0.39 | 200 | 228 | -0.27 | -0.05 | 78.11 | 75.00 | 11/20/2026 | Yes | 9 | 59 | None | |
| APA | APA Corporation | Options Chain | 1.09 | 1.18 | 0.53 | 2.50 | 0.21 | 0.46 | 70 | 48 | -0.24 | -0.02 | 43.28 | 40.00 | 11/20/2026 | Yes | 14 | 70 | None | |
| WM | Waste Management Inc | Options Chain | 2.40 | 2.55 | 1.03 | 5.00 | 0.21 | 0.24 | 40 | 18 | -0.21 | -0.07 | 204.45 | 195.00 | 11/20/2026 | Yes | 8 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 4.35 | 4.60 | 2.05 | 10.00 | 0.20 | 0.39 | 306 | 251 | -0.23 | -0.13 | 234.69 | 210.00 | 11/20/2026 | No | 11 | 63 | None | |
| C | Citigroup Inc | Options Chain | 2.13 | 2.23 | 1.02 | 5.00 | 0.20 | 0.32 | 409 | 130 | -0.24 | -0.05 | 128.50 | 120.00 | 11/20/2026 | Yes | 14 | 69 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.75 | 1.83 | 1.00 | 5.00 | 0.20 | 0.24 | 334 | 270 | -0.28 | -0.05 | 125.89 | 120.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.45 | 1.60 | 0.50 | 2.50 | 0.20 | 0.35 | 127 | 3 | -0.23 | -0.04 | 86.07 | 80.00 | 11/20/2026 | Yes | 12 | 26 | None | |
| ROL | Rollins Inc | Options Chain | 0.65 | 0.90 | 0.50 | 2.50 | 0.20 | 0.41 | 69 | 0 | -0.27 | -0.01 | 30.00 | 27.50 | 11/20/2026 | Yes | 9 | 53 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 0.80 | 0.20 | 1.00 | 0.20 | 0.35 | 2 | 0 | -0.25 | -0.01 | 37.91 | 35.00 | 11/20/2026 | Yes | 11 | 70 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.30 | 0.45 | 0.20 | 1.00 | 0.20 | 0.29 | 10 | 0 | -0.25 | -0.01 | 23.42 | 22.00 | 11/20/2026 | Yes | 16 | 68 | None | |
| BBD | Banco Bradesco S.A. | Options Chain | 0.10 | 0.15 | 0.10 | 0.50 | 0.20 | 0.44 | 287 | 10 | -0.27 | 0.00 | 3.64 | 4.00 | 11/20/2026 | Yes | 13 | 51 | None | |
| AA | Alcoa Corp | Options Chain | 1.23 | 1.39 | 0.96 | 5.00 | 0.19 | 0.48 | 24 | 25 | -0.27 | -0.03 | 41.95 | 40.00 | 11/20/2026 | Yes | 16 | 42 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.70 | 1.95 | 0.95 | 5.00 | 0.19 | 0.32 | 5 | 64 | -0.27 | -0.05 | 94.21 | 90.00 | 11/20/2026 | No | 14 | 74 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.77 | 0.90 | 0.47 | 2.50 | 0.19 | 0.45 | 2 | 0 | -0.20 | -0.03 | 42.47 | 37.50 | 11/20/2026 | Yes | 10 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.97 | 1.02 | 0.46 | 2.50 | 0.18 | 0.22 | 102 | 245 | -0.24 | -0.03 | 85.65 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.21 | 1.30 | 0.91 | 5.00 | 0.18 | 0.35 | 436 | 98 | -0.26 | -0.03 | 61.15 | 55.00 | 11/20/2026 | Yes | 16 | 63 | None | |
| EC | Ecopetrol SA | Options Chain | 0.25 | 0.50 | 0.18 | 1.00 | 0.18 | 0.35 | 0 | 10 | -0.29 | -0.01 | 16.27 | 16.00 | 11/20/2026 | Yes | 16 | 54 | None | |
| EQT | EQT Corp | Options Chain | 0.71 | 0.76 | 0.44 | 2.50 | 0.18 | 0.31 | 52 | 1 | -0.22 | -0.02 | 50.17 | 47.50 | 11/20/2026 | Yes | 11 | 60 | None | |
| PCG | PG&E Corp | Options Chain | 0.24 | 0.32 | 0.17 | 1.00 | 0.17 | 0.49 | 1 | 0 | -0.22 | -0.01 | 12.32 | 11.00 | 11/20/2026 | Yes | 9 | 54 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.26 | 0.17 | 1.00 | 0.17 | 0.40 | 124 | 29 | -0.23 | 0.00 | 12.10 | 11.00 | 11/20/2026 | Yes | 9 | 51 | None | |
| MET | Metlife Inc | Options Chain | 1.25 | 1.45 | 0.42 | 2.50 | 0.17 | 0.29 | 5 | 0 | -0.24 | -0.03 | 94.43 | 90.00 | 11/20/2026 | Yes | 15 | 60 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.58 | 0.60 | 0.15 | 1.00 | 0.15 | 0.28 | 346 | 86 | -0.18 | -0.02 | 53.75 | 50.00 | 11/20/2026 | Yes | 12 | 74 | None | |
| EXC | Exelon Corp | Options Chain | 0.35 | 0.60 | 0.15 | 1.00 | 0.15 | 0.22 | 2 | 2 | -0.25 | -0.01 | 40.73 | 39.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.75 | 0.15 | 1.00 | 0.15 | 0.37 | 1 | 0 | -0.25 | -0.01 | 30.66 | 28.00 | 11/20/2026 | Yes | 7 | 58 | None |