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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | Verizon Communications Inc | Options Chain | 0.73 | 1.11 | 0.55 | 1.00 | 0.55 | 0.29 | 3 | 5 | -0.30 | -0.02 | 44.40 | 43.00 | 11/27/2026 | Yes | 10 | 73 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.32 | 1.78 | 0.47 | 1.00 | 0.47 | 0.27 | 2 | 0 | -0.30 | -0.03 | 82.75 | 80.00 | 11/27/2026 | No | 15 | 74 | None | |
| C | Citigroup Inc | Options Chain | 1.77 | 2.89 | 0.43 | 1.00 | 0.43 | 0.29 | 1 | 5 | -0.28 | -0.05 | 123.21 | 118.00 | 11/27/2026 | No | 16 | 79 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.98 | 2.62 | 0.41 | 1.00 | 0.41 | 0.48 | 8 | 1 | -0.30 | -0.05 | 70.06 | 65.00 | 11/27/2026 | Yes | 10 | 58 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.07 | 1.83 | 0.39 | 1.00 | 0.39 | 0.34 | 1 | 0 | -0.30 | -0.03 | 60.57 | 57.00 | 11/27/2026 | Yes | 16 | 63 | None | |
| HD | Home Depot Inc | Options Chain | 4.95 | 8.50 | 1.85 | 5.00 | 0.37 | 0.32 | 8 | 9 | -0.30 | -0.15 | 308.24 | 295.00 | 11/27/2026 | Yes | 8 | 61 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.20 | 1.50 | 0.37 | 1.00 | 0.37 | 0.46 | 0 | 5 | -0.29 | -0.03 | 43.77 | 41.00 | 11/27/2026 | Yes | 19 | 67 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.40 | 1.91 | 0.36 | 1.00 | 0.36 | 0.27 | 0 | 1 | -0.29 | -0.04 | 94.16 | 88.00 | 11/27/2026 | No | 12 | 63 | None | |
| T | AT&T Inc | Options Chain | 0.24 | 0.54 | 0.18 | 0.50 | 0.36 | 0.31 | 9 | 2 | -0.24 | -0.01 | 23.50 | 22.00 | 11/27/2026 | Yes | 11 | 60 | None | |
| AA | Alcoa Corp | Options Chain | 0.90 | 1.38 | 0.32 | 1.00 | 0.32 | 0.47 | 9 | 0 | -0.26 | -0.03 | 40.95 | 38.00 | 11/27/2026 | No | 17 | 46 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.42 | 0.32 | 1.00 | 0.32 | 0.21 | 4 | 2 | -0.28 | -0.03 | 91.94 | 90.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.04 | 1.58 | 0.32 | 1.00 | 0.32 | 0.37 | 2 | 0 | -0.30 | -0.03 | 49.24 | 48.00 | 11/27/2026 | Yes | 9 | 55 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.23 | 2.19 | 0.32 | 1.00 | 0.32 | 0.38 | 1 | 0 | -0.30 | -0.03 | 60.67 | 59.00 | 11/27/2026 | Yes | 9 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.60 | 6.80 | 1.57 | 5.00 | 0.31 | 0.52 | 2 | 23 | -0.29 | -0.14 | 178.40 | 160.00 | 11/27/2026 | Yes | 10 | 63 | None | |
| TGT | Target Corp | Options Chain | 4.00 | 4.75 | 1.55 | 5.00 | 0.31 | 0.40 | 2 | 0 | -0.30 | -0.08 | 156.63 | 145.00 | 11/27/2026 | Yes | 11 | 64 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.67 | 1.99 | 0.31 | 1.00 | 0.31 | 0.38 | 0 | 2 | -0.28 | -0.05 | 78.08 | 71.00 | 11/27/2026 | No | 12 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.90 | 11.45 | 1.50 | 5.00 | 0.30 | 0.32 | 173 | 39 | -0.27 | -0.24 | 536.88 | 500.00 | 11/27/2026 | Yes | 13 | 72 | None | |
| ORCL | Oracle Corp | Options Chain | 5.00 | 5.75 | 0.30 | 1.00 | 0.30 | 0.57 | 1 | 21 | -0.30 | -0.11 | 134.47 | 119.00 | 11/27/2026 | No | 8 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.10 | 9.25 | 1.45 | 5.00 | 0.29 | 0.39 | 58 | 35 | -0.29 | -0.21 | 341.89 | 310.00 | 11/27/2026 | No | 14 | 67 | None | |
| NVO | Novo Nordisk | Options Chain | 0.59 | 1.12 | 0.29 | 1.00 | 0.29 | 0.40 | 1 | 41 | -0.25 | -0.02 | 39.22 | 36.00 | 11/27/2026 | Yes | 14 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.89 | 0.99 | 0.29 | 1.00 | 0.29 | 0.38 | 77 | 88 | -0.29 | -0.02 | 37.14 | 35.00 | 11/27/2026 | No | 12 | 58 | None | |
| CRM | Salesforce Inc | Options Chain | 5.45 | 7.45 | 1.42 | 5.00 | 0.28 | 0.43 | 7 | 17 | -0.27 | -0.16 | 246.74 | 225.00 | 11/27/2026 | No | 10 | 63 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.65 | 4.40 | 1.41 | 5.00 | 0.28 | 0.24 | 11 | 9 | -0.30 | -0.10 | 242.45 | 235.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| PCG | PG&E Corp | Options Chain | 0.13 | 0.86 | 0.14 | 0.50 | 0.28 | 0.55 | 3 | 5 | -0.27 | -0.01 | 12.96 | 12.00 | 11/27/2026 | Yes | 13 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.75 | 8.90 | 1.35 | 5.00 | 0.27 | 0.33 | 127 | 161 | -0.28 | -0.22 | 422.25 | 390.00 | 11/27/2026 | No | 20 | 61 |
Dividend Stock List |
|
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.18 | 2.87 | 1.32 | 5.00 | 0.26 | 0.66 | 8 | 1 | -0.29 | -0.05 | 58.63 | 50.00 | 11/27/2026 | No | 12 | 59 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.15 | 4.75 | 1.18 | 5.00 | 0.24 | 0.25 | 12 | 24 | -0.29 | -0.09 | 253.90 | 245.00 | 11/27/2026 | No | 9 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.83 | 3.60 | 1.18 | 5.00 | 0.24 | 0.28 | 40 | 9 | -0.30 | -0.07 | 174.68 | 170.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| GLW | Corning Inc | Options Chain | 3.60 | 6.00 | 1.13 | 5.00 | 0.23 | 0.58 | 15 | 5 | -0.27 | -0.12 | 138.43 | 120.00 | 11/27/2026 | Yes | 10 | 54 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 5.35 | 1.12 | 5.00 | 0.22 | 0.24 | 21 | 143 | -0.26 | -0.13 | 335.38 | 325.00 | 11/27/2026 | No | 9 | 78 | None | |
| CVX | Chevron Corp | Options Chain | 2.90 | 3.05 | 1.10 | 5.00 | 0.22 | 0.29 | 24 | 0 | -0.23 | -0.07 | 219.32 | 210.00 | 11/27/2026 | Yes | 11 | 69 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.45 | 6.45 | 1.02 | 5.00 | 0.20 | 0.41 | 0 | 11 | -0.28 | -0.11 | 234.12 | 215.00 | 11/27/2026 | Yes | 9 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.51 | 0.19 | 1.00 | 0.19 | 0.41 | 29 | 1 | -0.22 | -0.01 | 21.77 | 20.00 | 11/27/2026 | Yes | 15 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.38 | 0.89 | 0.19 | 1.00 | 0.19 | 0.23 | 21 | 16 | -0.26 | -0.02 | 51.79 | 49.00 | 11/27/2026 | No | 9 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.94 | 2.50 | 0.16 | 1.00 | 0.16 | 0.28 | 9 | 1 | -0.30 | -0.06 | 117.87 | 114.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.26 | 0.48 | 0.08 | 0.50 | 0.16 | 0.31 | 12 | 0 | -0.24 | -0.01 | 23.28 | 22.00 | 11/27/2026 | Yes | 7 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.29 | 0.08 | 0.50 | 0.16 | 0.36 | 222 | 29 | -0.27 | -0.01 | 12.31 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.80 | 8.00 | 0.75 | 5.00 | 0.15 | 0.31 | 54 | 75 | -0.28 | -0.20 | 406.67 | 380.00 | 11/27/2026 | No | 10 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.22 | 0.52 | 0.15 | 1.00 | 0.15 | 0.24 | 1 | 0 | -0.22 | -0.01 | 32.99 | 32.00 | 11/27/2026 | Yes | 8 | 59 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.85 | 1.57 | 0.15 | 1.00 | 0.15 | 0.25 | 1 | 1 | -0.28 | -0.02 | 78.96 | 76.00 | 11/27/2026 | Yes | 11 | 71 | None |