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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GM | General Motors Company | Options Chain | 0.99 | 2.24 | 0.44 | 1.00 | 0.44 | 0.32 | 5 | 0 | -0.27 | -0.03 | 74.75 | 71.00 | 1/23/2026 | No | 11 | 70 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.00 | 0.95 | 0.39 | 1.00 | 0.39 | 0.47 | 0 | 3 | -0.17 | -0.01 | 25.00 | 23.00 | 1/23/2026 | No | 6 | 56 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 22.10 | 25.90 | 3.70 | 10.00 | 0.37 | 0.32 | 47 | 21 | -0.30 | -0.54 | 1,024.55 | 970.00 | 1/16/2026 | No | 13 | 65 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.25 | 0.70 | 0.35 | 1.00 | 0.35 | 0.41 | 17 | 0 | -0.22 | -0.01 | 18.22 | 17.00 | 1/16/2026 | No | 15 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.95 | 9.25 | 1.65 | 5.00 | 0.33 | 0.37 | 13 | 0 | -0.27 | -0.14 | 333.49 | 310.00 | 1/23/2026 | Yes | 12 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.25 | 13.95 | 1.50 | 5.00 | 0.30 | 0.49 | 3 | 4 | -0.28 | -0.25 | 378.89 | 350.00 | 1/23/2026 | Yes | 8 | 67 | None | |
| CAT | Caterpillar Inc | Options Chain | 12.60 | 16.40 | 1.42 | 5.00 | 0.28 | 0.32 | 5 | 0 | -0.30 | -0.28 | 592.38 | 570.00 | 1/23/2026 | No | 11 | 67 | None | |
| INFY | Infosys Ltd | Options Chain | 0.30 | 0.50 | 0.27 | 1.00 | 0.27 | 0.34 | 235 | 10 | -0.27 | -0.01 | 17.71 | 17.00 | 1/16/2026 | Yes | 16 | 54 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.88 | 1.54 | 0.26 | 1.00 | 0.26 | 0.41 | 11 | 6 | -0.26 | -0.02 | 44.58 | 41.00 | 1/23/2026 | Yes | 11 | 62 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.85 | 1.10 | 0.25 | 1.00 | 0.25 | 0.32 | 12 | 11 | -0.27 | -0.03 | 50.75 | 48.00 | 1/16/2026 | No | 14 | 67 | None | |
| APD | Air Products & Chemicals Inc | Options Chain | 3.50 | 5.70 | 2.45 | 10.00 | 0.25 | 0.27 | 12 | 7 | -0.28 | -0.09 | 260.38 | 250.00 | 1/16/2026 | No | 3 | 53 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.05 | 7.70 | 1.20 | 5.00 | 0.24 | 0.38 | 30 | 7 | -0.27 | -0.14 | 292.93 | 270.00 | 1/23/2026 | Yes | 22 | 74 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 5.90 | 8.90 | 1.17 | 5.00 | 0.23 | 0.24 | 3 | 8 | -0.27 | -0.19 | 480.84 | 460.00 | 1/23/2026 | No | 14 | 69 | None | |
| V | Visa Inc - Class A | Options Chain | 4.20 | 5.25 | 1.16 | 5.00 | 0.23 | 0.21 | 0 | 3 | -0.29 | -0.11 | 327.10 | 315.00 | 1/23/2026 | No | 10 | 69 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.15 | 0.23 | 1.00 | 0.23 | 0.36 | 14 | 1 | -0.28 | -0.02 | 41.68 | 40.00 | 1/16/2026 | No | 10 | 62 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.70 | 2.40 | 0.57 | 2.50 | 0.23 | 0.48 | 10 | 10 | -0.29 | -0.04 | 58.41 | 55.00 | 1/16/2026 | Yes | 15 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 0.92 | 4.30 | 1.12 | 5.00 | 0.22 | 0.20 | 0 | 587 | -0.26 | -0.06 | 205.39 | 195.00 | 1/23/2026 | Yes | 12 | 76 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.10 | 17.30 | 1.12 | 5.00 | 0.22 | 0.24 | 2 | 3 | -0.29 | -0.34 | 912.50 | 860.00 | 1/23/2026 | Yes | 13 | 60 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.60 | 1.13 | 0.22 | 1.00 | 0.22 | 0.26 | 0 | 7 | -0.29 | -0.02 | 50.83 | 49.00 | 1/23/2026 | No | 13 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.80 | 7.60 | 1.08 | 5.00 | 0.22 | 0.27 | 9 | 16 | -0.28 | -0.11 | 312.05 | 300.00 | 1/23/2026 | Yes | 11 | 79 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.15 | 2.40 | 1.08 | 5.00 | 0.22 | 0.29 | 47 | 12 | -0.29 | -0.06 | 120.41 | 115.00 | 1/16/2026 | No | 13 | 64 | None | |
| LIN | Linde Plc. | Options Chain | 5.00 | 7.20 | 1.05 | 5.00 | 0.21 | 0.23 | 461 | 19 | -0.29 | -0.16 | 408.00 | 390.00 | 1/16/2026 | No | 11 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 0.50 | 1.30 | 0.20 | 1.00 | 0.20 | 0.19 | 0 | 2 | -0.28 | -0.01 | 58.34 | 56.00 | 1/23/2026 | No | 12 | 66 | None | |
| CLX | Clorox Company | Options Chain | 1.40 | 1.80 | 0.95 | 5.00 | 0.19 | 0.27 | 56 | 27 | -0.26 | -0.05 | 105.48 | 100.00 | 1/16/2026 | No | 12 | 53 | None | |
| D | Dominion Energy Inc | Options Chain | 0.70 | 0.80 | 0.45 | 2.50 | 0.18 | 0.19 | 243 | 2 | -0.28 | -0.01 | 60.16 | 57.50 | 1/16/2026 | No | 10 | 62 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.40 | 0.18 | 1.00 | 0.18 | 0.34 | 41 | 0 | -0.28 | 0.00 | 14.85 | 14.00 | 1/16/2026 | No | 11 | 66 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.20 | 2.65 | 0.43 | 2.53 | 0.17 | 0.29 | 266 | 0 | -0.26 | -0.08 | 157.98 | 150.31 | 1/16/2026 | No | 13 | 79 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.20 | 1.35 | 0.83 | 5.00 | 0.17 | 0.17 | 80 | 38 | -0.28 | -0.04 | 118.82 | 115.00 | 1/16/2026 | No | 10 | 75 | None | |
| RIO | Rio Tinto plc | Options Chain | 0.80 | 0.95 | 0.40 | 2.50 | 0.16 | 0.24 | 432 | 8 | -0.22 | -0.03 | 73.73 | 70.00 | 1/16/2026 | No | 12 | 74 | None | |
| SYF | Synchrony Financial | Options Chain | 1.25 | 1.50 | 0.40 | 2.50 | 0.16 | 0.33 | 2 | 7 | -0.24 | -0.04 | 80.40 | 75.00 | 1/16/2026 | No | 16 | 71 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.29 | 23 | 10 | -0.24 | -0.01 | 17.07 | 16.00 | 1/16/2026 | Yes | 13 | 66 | None |