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 | 1.50 | 1.95 | 0.40 | 1.00 | 0.40 | 0.52 | 0 | 1 | -0.27 | -0.03 | 48.04 | 42.00 | 11/20/2026 | Yes | 17 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.85 | 8.15 | 1.70 | 5.00 | 0.34 | 0.53 | 35 | 69 | -0.30 | -0.14 | 201.97 | 175.00 | 11/20/2026 | Yes | 10 | 64 | None | |
| HPQ | HP Inc | Options Chain | 1.04 | 1.14 | 0.33 | 1.00 | 0.33 | 0.49 | 16 | 8 | -0.27 | -0.02 | 31.30 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.85 | 3.20 | 0.80 | 2.50 | 0.32 | 0.47 | 27 | 18 | -0.30 | -0.05 | 84.09 | 77.50 | 11/20/2026 | Yes | 10 | 57 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.75 | 7.20 | 1.55 | 5.00 | 0.31 | 0.42 | 67 | 79 | -0.29 | -0.12 | 225.51 | 205.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.05 | 12.45 | 3.07 | 10.00 | 0.31 | 0.34 | 127 | 56 | -0.30 | -0.23 | 450.61 | 430.00 | 11/20/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| GLW | Corning Inc | Options Chain | 6.00 | 6.30 | 1.52 | 5.00 | 0.30 | 0.59 | 40 | 61 | -0.25 | -0.11 | 156.74 | 135.00 | 11/20/2026 | Yes | 10 | 54 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.90 | 2.25 | 0.75 | 2.50 | 0.30 | 0.44 | 0 | 1 | -0.29 | -0.04 | 58.24 | 55.00 | 11/20/2026 | Yes | 9 | 55 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.95 | 1.15 | 0.30 | 1.00 | 0.30 | 0.44 | 1 | 86 | -0.27 | -0.02 | 30.93 | 29.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.65 | 0.80 | 0.30 | 1.00 | 0.30 | 0.43 | 14 | 4 | -0.29 | -0.01 | 21.36 | 20.00 | 11/20/2026 | Yes | 10 | 60 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 3.35 | 3.50 | 1.47 | 5.00 | 0.29 | 0.41 | 81 | 102 | -0.30 | -0.06 | 106.89 | 100.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.15 | 2.30 | 0.73 | 2.50 | 0.29 | 0.35 | 48 | 3 | -0.29 | -0.04 | 84.97 | 80.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| BWXT | BWX Technologies Inc | Options Chain | 4.40 | 5.00 | 1.45 | 5.00 | 0.29 | 0.46 | 15 | 21 | -0.29 | -0.09 | 138.47 | 125.00 | 11/20/2026 | Yes | 10 | 56 | None | |
| JCI | Johnson Controls International plc | Options Chain | 4.00 | 4.90 | 1.42 | 5.00 | 0.28 | 0.38 | 0 | 2 | -0.30 | -0.08 | 150.20 | 140.00 | 11/20/2026 | Yes | 8 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.47 | 2.67 | 0.71 | 2.50 | 0.28 | 0.44 | 22 | 84 | -0.28 | -0.05 | 84.94 | 77.50 | 11/20/2026 | Yes | 10 | 58 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.10 | 0.28 | 1.00 | 0.28 | 0.36 | 0 | 3 | -0.30 | -0.02 | 38.79 | 36.00 | 11/20/2026 | Yes | 15 | 79 | None | |
| ORCL | Oracle Corp | Options Chain | 4.45 | 4.55 | 1.37 | 5.00 | 0.27 | 0.52 | 360 | 739 | -0.26 | -0.08 | 137.10 | 120.00 | 11/20/2026 | No | 8 | 62 | None | |
| CVX | Chevron Corp | Options Chain | 4.35 | 4.65 | 1.37 | 5.00 | 0.27 | 0.30 | 99 | 83 | -0.29 | -0.08 | 204.45 | 195.00 | 11/20/2026 | Yes | 13 | 77 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.05 | 9.45 | 2.70 | 10.00 | 0.27 | 0.37 | 32 | 31 | -0.26 | -0.19 | 376.59 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.89 | 0.95 | 0.27 | 1.00 | 0.27 | 0.26 | 21 | 173 | -0.27 | -0.01 | 47.08 | 44.00 | 11/20/2026 | Yes | 10 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.25 | 6.70 | 1.30 | 5.00 | 0.26 | 0.27 | 72 | 95 | -0.29 | -0.12 | 343.06 | 320.00 | 11/20/2026 | Yes | 8 | 71 | None | |
| MET | Metlife Inc | Options Chain | 1.80 | 1.90 | 0.65 | 2.50 | 0.26 | 0.29 | 13 | 5 | -0.25 | -0.03 | 97.70 | 90.00 | 11/20/2026 | Yes | 15 | 60 | None | |
| EIX | Edison International | Options Chain | 1.30 | 1.45 | 0.65 | 2.50 | 0.26 | 0.38 | 66 | 111 | -0.26 | -0.02 | 52.65 | 47.50 | 11/20/2026 | Yes | 10 | 56 | None | |
| VST | Vistra Corp | Options Chain | 3.55 | 3.95 | 1.29 | 5.00 | 0.26 | 0.46 | 44 | 37 | -0.25 | -0.08 | 138.46 | 125.00 | 11/20/2026 | Yes | 7 | 61 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.65 | 3.85 | 1.27 | 5.00 | 0.25 | 0.23 | 99 | 418 | -0.27 | -0.09 | 236.60 | 225.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.56 | 0.59 | 0.25 | 1.00 | 0.25 | 0.38 | 37 | 82 | -0.26 | -0.01 | 21.91 | 20.00 | 11/20/2026 | Yes | 11 | 62 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.38 | 2.48 | 1.22 | 5.00 | 0.24 | 0.63 | 309 | 72 | -0.24 | -0.05 | 62.94 | 55.00 | 11/20/2026 | No | 9 | 54 | None | |
| CRM | Salesforce Inc | Options Chain | 5.70 | 6.10 | 2.42 | 10.00 | 0.24 | 0.41 | 98 | 770 | -0.26 | -0.13 | 234.02 | 210.00 | 11/20/2026 | No | 11 | 63 | None | |
| MS | Morgan Stanley | Options Chain | 4.10 | 4.30 | 1.20 | 5.00 | 0.24 | 0.34 | 13 | 16 | -0.26 | -0.08 | 196.31 | 180.00 | 11/20/2026 | Yes | 14 | 75 | None | |
| PCG | PG&E Corp | Options Chain | 0.37 | 0.44 | 0.24 | 1.00 | 0.24 | 0.47 | 8690 | 74 | -0.28 | -0.01 | 12.34 | 11.00 | 11/20/2026 | Yes | 13 | 60 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.59 | 0.62 | 0.24 | 1.00 | 0.24 | 0.27 | 1 | 25 | -0.28 | -0.01 | 30.75 | 29.00 | 11/20/2026 | Yes | 12 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.11 | 2.24 | 1.18 | 5.00 | 0.24 | 0.49 | 1607 | 152 | -0.25 | -0.04 | 72.31 | 65.00 | 11/20/2026 | Yes | 12 | 63 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.21 | 1.30 | 0.55 | 2.50 | 0.22 | 0.36 | 27 | 30 | -0.24 | -0.03 | 56.86 | 52.50 | 11/20/2026 | Yes | 10 | 55 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.75 | 2.95 | 1.03 | 5.00 | 0.21 | 0.32 | 164 | 174 | -0.24 | -0.06 | 160.59 | 150.00 | 11/20/2026 | Yes | 11 | 66 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.60 | 2.90 | 1.02 | 5.00 | 0.20 | 0.30 | 1 | 16 | -0.24 | -0.07 | 166.58 | 155.00 | 11/20/2026 | Yes | 11 | 62 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.65 | 0.20 | 1.00 | 0.20 | 0.36 | 2 | 0 | -0.26 | -0.01 | 24.81 | 23.00 | 11/20/2026 | Yes | 15 | 59 | None | |
| BBD | Banco Bradesco S.A. | Options Chain | 0.10 | 0.15 | 0.10 | 0.50 | 0.20 | 0.55 | 2 | 0 | -0.27 | 0.00 | 3.41 | 3.00 | 11/20/2026 | Yes | 13 | 52 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.82 | 0.89 | 0.49 | 2.50 | 0.20 | 0.46 | 732 | 859 | -0.22 | -0.02 | 35.75 | 32.50 | 11/20/2026 | Yes | 11 | 53 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.28 | 1.37 | 0.48 | 2.50 | 0.19 | 0.31 | 73 | 139 | -0.22 | -0.03 | 82.97 | 75.00 | 11/20/2026 | Yes | 12 | 65 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.97 | 1.00 | 0.48 | 2.50 | 0.19 | 0.28 | 270 | 148 | -0.26 | -0.02 | 56.70 | 52.50 | 11/20/2026 | Yes | 10 | 65 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.98 | 1.08 | 0.46 | 2.50 | 0.18 | 0.33 | 52 | 21 | -0.22 | -0.02 | 62.86 | 57.50 | 11/20/2026 | Yes | 11 | 61 | None | |
| APA | APA Corporation | Options Chain | 0.98 | 1.15 | 0.46 | 2.50 | 0.18 | 0.49 | 68 | 0 | -0.23 | -0.02 | 42.74 | 37.50 | 11/20/2026 | Yes | 14 | 70 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.05 | 1.35 | 0.90 | 5.00 | 0.18 | 0.35 | 14 | 0 | -0.30 | -0.02 | 47.93 | 45.00 | 11/20/2026 | Yes | 10 | 64 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.54 | 0.60 | 0.45 | 2.50 | 0.18 | 0.30 | 44 | 2 | -0.30 | -0.01 | 23.63 | 22.50 | 11/20/2026 | Yes | 7 | 57 | None | |
| T | AT&T Inc | Options Chain | 0.39 | 0.43 | 0.18 | 1.00 | 0.18 | 0.29 | 102 | 49 | -0.22 | -0.01 | 25.38 | 23.00 | 11/20/2026 | Yes | 15 | 67 | None | |
| KO | Coca-Cola Company | Options Chain | 0.94 | 1.03 | 0.43 | 2.50 | 0.17 | 0.23 | 360 | 837 | -0.24 | -0.03 | 87.81 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None | |
| C | Citigroup Inc | Options Chain | 1.95 | 2.04 | 0.84 | 5.00 | 0.17 | 0.33 | 245 | 37 | -0.22 | -0.05 | 134.75 | 120.00 | 11/20/2026 | Yes | 17 | 78 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.86 | 0.93 | 0.42 | 2.50 | 0.17 | 0.39 | 3 | 38 | -0.21 | -0.02 | 47.05 | 42.50 | 11/20/2026 | Yes | 10 | 57 | None | |
| NVO | Novo Nordisk | Options Chain | 0.66 | 0.69 | 0.40 | 2.50 | 0.16 | 0.37 | 648 | 4 | -0.20 | -0.02 | 38.80 | 35.00 | 11/20/2026 | Yes | 11 | 50 | None | |
| MDT | Medtronic Plc | Options Chain | 1.23 | 1.35 | 0.40 | 2.50 | 0.16 | 0.29 | 189 | 19 | -0.24 | -0.04 | 88.64 | 82.50 | 11/20/2026 | Yes | 12 | 64 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.39 | 0.53 | 0.16 | 1.00 | 0.16 | 0.21 | 20 | 0 | -0.24 | -0.01 | 36.75 | 35.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.78 | 0.98 | 0.39 | 2.50 | 0.16 | 0.45 | 1 | 0 | -0.21 | -0.02 | 42.68 | 37.50 | 11/20/2026 | Yes | 10 | 54 | None | |
| ALL | Allstate Corp (The) | Options Chain | 3.20 | 3.60 | 1.55 | 10.00 | 0.15 | 0.32 | 5 | 2 | -0.22 | -0.10 | 227.60 | 210.00 | 11/20/2026 | Yes | 19 | 76 | None | |
| WMT | Walmart Inc | Options Chain | 1.45 | 1.50 | 0.77 | 5.00 | 0.15 | 0.31 | 382 | 52 | -0.21 | -0.05 | 107.98 | 100.00 | 11/20/2026 | No | 8 | 55 | None |