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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HUM | Humana Inc | Options Chain | 17.20 | 22.50 | 4.05 | 10.00 | 0.40 | 0.64 | 12 | 12 | -0.30 | -0.34 | 397.00 | 370.00 | 11/20/2026 | Yes | 10 | 51 | None | |
| VST | Vistra Corp | Options Chain | 5.80 | 6.25 | 1.78 | 5.00 | 0.36 | 0.49 | 129 | 476 | -0.30 | -0.12 | 146.68 | 150.00 | 11/20/2026 | Yes | 6 | 54 | None | |
| GLW | Corning Inc | Options Chain | 7.25 | 7.85 | 1.72 | 5.00 | 0.34 | 0.60 | 96 | 266 | -0.30 | -0.15 | 159.30 | 155.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.01 | 2.60 | 0.77 | 2.50 | 0.31 | 0.43 | 119 | 227 | -0.28 | -0.05 | 83.43 | 77.50 | 11/20/2026 | Yes | 13 | 67 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.55 | 2.95 | 0.77 | 2.50 | 0.31 | 0.45 | 59 | 153 | -0.29 | -0.06 | 87.54 | 82.50 | 11/20/2026 | Yes | 9 | 55 | None | |
| CEG | Constellation Energy Corporation | Options Chain | 10.60 | 11.50 | 2.90 | 10.00 | 0.29 | 0.49 | 127 | 162 | -0.30 | -0.21 | 268.95 | 280.00 | 11/20/2026 | Yes | 5 | 61 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.89 | 3.10 | 1.44 | 5.00 | 0.29 | 0.58 | 869 | 716 | -0.30 | -0.06 | 69.45 | 65.00 | 11/20/2026 | No | 12 | 57 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.18 | 2.50 | 0.72 | 2.50 | 0.29 | 0.46 | 37 | 129 | -0.29 | -0.05 | 72.66 | 67.50 | 11/20/2026 | Yes | 10 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.10 | 11.45 | 2.85 | 10.00 | 0.29 | 0.32 | 264 | 551 | -0.30 | -0.24 | 486.88 | 460.00 | 11/20/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| PAAS | Pan American Silver Corp | Options Chain | 1.10 | 1.45 | 0.28 | 1.00 | 0.28 | 0.47 | 3 | 13 | -0.26 | -0.03 | 45.33 | 42.00 | 11/20/2026 | Yes | 19 | 67 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 1.05 | 0.28 | 1.00 | 0.28 | 0.42 | 1 | 5 | -0.27 | -0.02 | 31.48 | 29.00 | 11/20/2026 | Yes | 14 | 68 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.95 | 0.28 | 1.00 | 0.28 | 0.20 | 0 | 6 | -0.29 | -0.01 | 36.57 | 36.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.75 | 6.45 | 1.35 | 5.00 | 0.27 | 0.25 | 518 | 704 | -0.30 | -0.15 | 333.38 | 320.00 | 11/20/2026 | Yes | 8 | 71 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 3.10 | 3.35 | 1.34 | 5.00 | 0.27 | 0.42 | 187 | 321 | -0.27 | -0.07 | 112.72 | 110.00 | 11/20/2026 | Yes | 11 | 64 | None | |
| MS | Morgan Stanley | Options Chain | 3.90 | 4.25 | 1.34 | 5.00 | 0.27 | 0.32 | 109 | 378 | -0.29 | -0.08 | 190.70 | 180.00 | 11/20/2026 | Yes | 9 | 67 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.55 | 4.00 | 1.33 | 5.00 | 0.27 | 0.23 | 113 | 369 | -0.30 | -0.10 | 233.19 | 225.00 | 11/20/2026 | Yes | 12 | 60 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.25 | 6.05 | 1.30 | 5.00 | 0.26 | 0.41 | 22 | 201 | -0.27 | -0.12 | 221.48 | 205.00 | 11/20/2026 | Yes | 12 | 74 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.90 | 2.05 | 0.65 | 2.50 | 0.26 | 0.33 | 6 | 23 | -0.29 | -0.05 | 86.74 | 82.50 | 11/20/2026 | Yes | 10 | 59 | None | |
| USB | U.S. Bancorp. | Options Chain | 1.00 | 1.36 | 0.63 | 2.50 | 0.25 | 0.29 | 70 | 7 | -0.30 | -0.03 | 57.38 | 55.00 | 11/20/2026 | Yes | 13 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.40 | 9.00 | 2.50 | 10.00 | 0.25 | 0.39 | 114 | 201 | -0.26 | -0.23 | 377.65 | 350.00 | 11/20/2026 | Yes | 10 | 58 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.80 | 1.00 | 0.25 | 1.00 | 0.25 | 0.41 | 18 | 2 | -0.28 | -0.02 | 30.50 | 29.00 | 11/20/2026 | Yes | 7 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 3.90 | 4.10 | 1.24 | 5.00 | 0.25 | 0.51 | 699 | 976 | -0.24 | -0.09 | 142.86 | 130.00 | 11/20/2026 | No | 8 | 62 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.56 | 1.69 | 0.61 | 2.50 | 0.24 | 0.30 | 1473 | 80 | -0.28 | -0.03 | 81.75 | 77.50 | 11/20/2026 | Yes | 16 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.78 | 0.85 | 0.24 | 1.00 | 0.24 | 0.46 | 109 | 129 | -0.25 | -0.02 | 31.52 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| CRM | Salesforce Inc | Options Chain | 5.35 | 5.70 | 2.38 | 10.00 | 0.24 | 0.39 | 199 | 322 | -0.27 | -0.12 | 230.00 | 210.00 | 11/20/2026 | No | 15 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.67 | 3.05 | 1.16 | 5.00 | 0.23 | 0.30 | 108 | 182 | -0.27 | -0.07 | 164.01 | 155.00 | 11/20/2026 | Yes | 11 | 66 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.45 | 0.58 | 2.50 | 0.23 | 0.38 | 94 | 5 | -0.26 | -0.02 | 54.22 | 50.00 | 11/20/2026 | Yes | 10 | 53 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.46 | 0.56 | 0.23 | 1.00 | 0.23 | 0.37 | 65 | 112 | -0.25 | -0.01 | 21.63 | 20.00 | 11/20/2026 | Yes | 11 | 61 | None | |
| EQNR | Equinor ASA | Options Chain | 0.95 | 1.30 | 0.23 | 1.00 | 0.23 | 0.39 | 7 | 4 | -0.29 | -0.02 | 42.30 | 40.00 | 11/20/2026 | Yes | 10 | 52 | None | |
| V | Visa Inc - Class A | Options Chain | 5.30 | 5.80 | 1.15 | 5.00 | 0.23 | 0.24 | 32 | 348 | -0.28 | -0.13 | 369.98 | 355.00 | 11/20/2026 | Yes | 10 | 69 | None | |
| CVX | Chevron Corp | Options Chain | 3.15 | 3.45 | 1.12 | 5.00 | 0.22 | 0.29 | 24 | 95 | -0.26 | -0.09 | 206.51 | 195.00 | 11/20/2026 | Yes | 13 | 77 | None | |
| APA | APA Corporation | Options Chain | 1.05 | 1.35 | 0.56 | 2.50 | 0.22 | 0.47 | 20 | 0 | -0.25 | -0.03 | 43.86 | 40.00 | 11/20/2026 | Yes | 10 | 61 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 0.90 | 0.22 | 1.00 | 0.22 | 0.36 | 12 | 20 | -0.26 | -0.02 | 37.32 | 35.00 | 11/20/2026 | Yes | 15 | 80 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.53 | 0.22 | 1.00 | 0.22 | 0.28 | 173 | 131 | -0.27 | -0.01 | 24.21 | 23.00 | 11/20/2026 | Yes | 11 | 60 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.65 | 0.22 | 1.00 | 0.22 | 0.21 | 15 | 0 | -0.28 | -0.01 | 40.82 | 40.00 | 11/20/2026 | Yes | 11 | 67 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.70 | 0.22 | 1.00 | 0.22 | 0.39 | 3 | 6 | -0.30 | -0.01 | 22.44 | 21.00 | 11/20/2026 | Yes | 13 | 68 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.82 | 0.83 | 0.54 | 2.50 | 0.22 | 0.37 | 2166 | 3006 | -0.28 | -0.02 | 33.96 | 32.50 | 11/20/2026 | No | 13 | 60 | None | |
| NVO | Novo Nordisk | Options Chain | 0.81 | 0.85 | 0.53 | 2.50 | 0.21 | 0.37 | 409 | 49 | -0.26 | -0.02 | 37.54 | 35.00 | 11/20/2026 | Yes | 14 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.59 | 0.68 | 0.21 | 1.00 | 0.21 | 0.25 | 60 | 197 | -0.21 | -0.01 | 45.90 | 43.00 | 11/20/2026 | Yes | 10 | 73 | None | |
| C | Citigroup Inc | Options Chain | 2.12 | 2.26 | 1.03 | 5.00 | 0.21 | 0.31 | 641 | 113 | -0.25 | -0.05 | 128.94 | 120.00 | 11/20/2026 | Yes | 16 | 78 | None | |
| AA | Alcoa Corp | Options Chain | 1.34 | 1.42 | 1.00 | 5.00 | 0.20 | 0.46 | 405 | 0 | -0.29 | -0.03 | 43.75 | 40.00 | 11/20/2026 | Yes | 13 | 43 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.55 | 0.20 | 1.00 | 0.20 | 0.37 | 10 | 0 | -0.25 | -0.01 | 24.00 | 22.00 | 11/20/2026 | Yes | 18 | 68 | None | |
| BBD | Banco Bradesco S.A. | Options Chain | 0.10 | 0.15 | 0.10 | 0.50 | 0.20 | 0.52 | 52 | 0 | -0.22 | 0.00 | 4.33 | 4.00 | 11/20/2026 | Yes | 13 | 52 | None | |
| LEN | Lennar Corp - Class A | Options Chain | 1.60 | 1.75 | 0.98 | 5.00 | 0.20 | 0.42 | 230 | 259 | -0.23 | -0.04 | 74.50 | 70.00 | 11/20/2026 | No | 12 | 56 | None | |
| KO | Coca-Cola Company | Options Chain | 0.99 | 1.06 | 0.49 | 2.50 | 0.20 | 0.22 | 161 | 210 | -0.24 | -0.03 | 86.49 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.99 | 1.21 | 0.49 | 2.50 | 0.20 | 0.36 | 8 | 44 | -0.27 | -0.03 | 48.15 | 45.00 | 11/20/2026 | Yes | 13 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 1.52 | 1.64 | 0.90 | 5.00 | 0.18 | 0.30 | 932 | 942 | -0.23 | -0.05 | 105.05 | 100.00 | 11/20/2026 | Yes | 9 | 59 | None | |
| GIS | General Mills Inc | Options Chain | 0.60 | 0.70 | 0.45 | 2.50 | 0.18 | 0.29 | 203 | 10 | -0.25 | -0.01 | 31.75 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.45 | 1.68 | 0.89 | 5.00 | 0.18 | 0.23 | 146 | 145 | -0.25 | -0.05 | 125.65 | 120.00 | 11/20/2026 | Yes | 9 | 57 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.62 | 1.78 | 0.86 | 5.00 | 0.17 | 0.24 | 152 | 68 | -0.24 | -0.04 | 146.38 | 140.00 | 11/20/2026 | Yes | 8 | 65 | None | |
| PCG | PG&E Corp | Options Chain | 0.25 | 0.28 | 0.17 | 1.00 | 0.17 | 0.50 | 70 | 0 | -0.21 | -0.01 | 12.38 | 11.00 | 11/20/2026 | Yes | 9 | 54 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.92 | 1.09 | 0.42 | 2.50 | 0.17 | 0.35 | 158 | 36 | -0.23 | -0.03 | 58.89 | 55.00 | 11/20/2026 | Yes | 16 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.55 | 0.60 | 0.16 | 1.00 | 0.16 | 0.29 | 323 | 90 | -0.18 | -0.02 | 54.00 | 50.00 | 11/20/2026 | Yes | 14 | 74 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.10 | 0.35 | 0.15 | 1.00 | 0.15 | 0.35 | 7 | 1 | -0.20 | -0.01 | 15.40 | 14.00 | 11/20/2026 | Yes | 10 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.33 | 0.46 | 0.15 | 1.00 | 0.15 | 0.26 | 9 | 27 | -0.22 | -0.01 | 31.43 | 30.00 | 11/20/2026 | Yes | 10 | 59 | None |