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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corp | Options Chain | 15.75 | 18.40 | 2.20 | 5.00 | 0.44 | 0.23 | 7 | 9 | -0.30 | -0.33 | 982.73 | 960.00 | 12/18/2026 | Yes | 14 | 59 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.55 | 2.30 | 0.90 | 2.50 | 0.36 | 0.43 | 14 | 5 | -0.26 | -0.03 | 67.13 | 60.00 | 12/18/2026 | Yes | 9 | 62 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 32.50 | 35.45 | 3.53 | 10.00 | 0.35 | 0.33 | 67 | 7 | -0.29 | -0.66 | 1,288.30 | 1,300.00 | 12/18/2026 | Yes | 10 | 67 | None | |
| NUE | Nucor Corp | Options Chain | 6.10 | 9.00 | 3.15 | 10.00 | 0.32 | 0.36 | 2 | 51 | -0.30 | -0.13 | 271.00 | 260.00 | 12/18/2026 | No | 16 | 70 | None | |
| HD | Home Depot Inc | Options Chain | 7.10 | 7.70 | 1.55 | 5.00 | 0.31 | 0.32 | 42 | 19 | -0.29 | -0.13 | 317.56 | 310.00 | 12/18/2026 | Yes | 10 | 70 | None | |
| ORCL | Oracle Corp | Options Chain | 5.75 | 5.85 | 1.50 | 5.00 | 0.30 | 0.61 | 736 | 918 | -0.26 | -0.12 | 141.01 | 125.00 | 12/18/2026 | Yes | 8 | 65 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.50 | 1.05 | 0.30 | 1.00 | 0.30 | 0.27 | 1 | 6 | -0.25 | -0.01 | 39.64 | 37.00 | 12/18/2026 | No | 11 | 69 | None | |
| CAT | Caterpillar Inc | Options Chain | 15.70 | 22.10 | 2.97 | 10.00 | 0.30 | 0.38 | 66 | 227 | -0.30 | -0.36 | 647.39 | 610.00 | 12/18/2026 | Yes | 8 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.00 | 6.10 | 1.45 | 5.00 | 0.29 | 0.34 | 14 | 50 | -0.26 | -0.09 | 249.97 | 240.00 | 12/18/2026 | No | 12 | 74 | None | |
| CRM | Salesforce Inc | Options Chain | 7.00 | 7.55 | 2.73 | 10.00 | 0.27 | 0.49 | 116 | 128 | -0.26 | -0.15 | 242.11 | 210.00 | 12/18/2026 | Yes | 11 | 63 | None | |
| A | Agilent Technologies Inc | Options Chain | 4.50 | 5.80 | 1.35 | 5.00 | 0.27 | 0.39 | 1 | 1 | -0.29 | -0.11 | 181.15 | 170.00 | 12/18/2026 | Yes | 13 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.81 | 0.88 | 0.27 | 1.00 | 0.27 | 0.26 | 81 | 19 | -0.30 | -0.02 | 43.66 | 42.00 | 12/18/2026 | No | 8 | 64 | None | |
| SHW | Sherwin-Williams Company | Options Chain | 4.50 | 6.60 | 2.67 | 10.00 | 0.27 | 0.28 | 0 | 3 | -0.25 | -0.11 | 330.10 | 310.00 | 12/18/2026 | No | 10 | 65 | None | |
| GLW | Corning Inc | Options Chain | 4.10 | 4.50 | 1.32 | 5.00 | 0.26 | 0.55 | 83 | 587 | -0.24 | -0.08 | 131.20 | 115.00 | 12/18/2026 | No | 8 | 52 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.00 | 4.20 | 1.32 | 5.00 | 0.26 | 0.24 | 46 | 184 | -0.28 | -0.08 | 250.50 | 245.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.20 | 9.70 | 1.32 | 5.00 | 0.26 | 0.26 | 199 | 5365 | -0.28 | -0.21 | 530.14 | 505.00 | 12/18/2026 | Yes | 13 | 72 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.88 | 3.10 | 0.66 | 2.50 | 0.26 | 0.43 | 63 | 133 | -0.26 | -0.07 | 110.29 | 100.00 | 12/18/2026 | Yes | 10 | 67 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.26 | 1.43 | 0.64 | 2.50 | 0.26 | 0.39 | 67 | 168 | -0.28 | -0.03 | 51.49 | 47.50 | 12/18/2026 | Yes | 13 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.05 | 7.55 | 1.27 | 5.00 | 0.25 | 0.51 | 50 | 141 | -0.29 | -0.13 | 180.55 | 170.00 | 12/18/2026 | Yes | 12 | 70 | None | |
| AZN | Astrazeneca plc | Options Chain | 3.10 | 3.50 | 1.22 | 5.00 | 0.24 | 0.30 | 93 | 6 | -0.27 | -0.08 | 174.40 | 165.00 | 12/18/2026 | Yes | 14 | 69 | None | |
| TRV | Travelers Companies Inc | Options Chain | 5.40 | 6.80 | 2.40 | 10.00 | 0.24 | 0.24 | 4 | 4 | -0.27 | -0.13 | 398.27 | 380.00 | 12/18/2026 | No | 15 | 72 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.30 | 1.50 | 0.60 | 2.50 | 0.24 | 0.34 | 24 | 1 | -0.24 | -0.03 | 78.01 | 70.00 | 12/18/2026 | Yes | 17 | 51 | None | |
| EIX | Edison International | Options Chain | 0.20 | 2.65 | 0.60 | 2.50 | 0.24 | 0.33 | 1 | 17 | -0.27 | -0.02 | 58.83 | 55.00 | 12/18/2026 | Yes | 10 | 62 | None | |
| T | AT&T Inc | Options Chain | 0.44 | 0.49 | 0.24 | 1.00 | 0.24 | 0.30 | 130 | 468 | -0.29 | -0.01 | 20.92 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.80 | 9.30 | 2.35 | 10.00 | 0.24 | 0.35 | 83 | 190 | -0.25 | -0.20 | 431.09 | 400.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| WMT | Walmart Inc | Options Chain | 2.39 | 2.66 | 1.17 | 5.00 | 0.23 | 0.30 | 222 | 612 | -0.28 | -0.05 | 121.25 | 115.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.92 | 1.45 | 0.58 | 2.50 | 0.23 | 0.32 | 90 | 13282 | -0.26 | -0.03 | 61.39 | 57.50 | 12/18/2026 | Yes | 16 | 70 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.29 | 0.54 | 0.23 | 1.00 | 0.23 | 0.16 | 123 | 2 | -0.21 | 0.00 | 38.12 | 37.00 | 12/18/2026 | Yes | 12 | 68 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.00 | 5.40 | 1.12 | 5.00 | 0.22 | 0.23 | 151 | 128 | -0.27 | -0.12 | 339.30 | 330.00 | 12/18/2026 | No | 10 | 78 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.99 | 1.06 | 0.56 | 2.50 | 0.22 | 0.43 | 2690 | 487 | -0.26 | -0.02 | 38.42 | 35.00 | 12/18/2026 | Yes | 13 | 58 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.05 | 7.70 | 2.23 | 10.00 | 0.22 | 0.32 | 174 | 161 | -0.24 | -0.16 | 410.00 | 380.00 | 12/18/2026 | No | 13 | 65 | None | |
| SYK | Stryker Corp | Options Chain | 5.50 | 9.50 | 2.20 | 10.00 | 0.22 | 0.37 | 12 | 119 | -0.27 | -0.17 | 311.75 | 290.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| AJG | Arthur J. Gallagher & Company | Options Chain | 5.50 | 6.30 | 2.20 | 10.00 | 0.22 | 0.34 | 1 | 5 | -0.28 | -0.12 | 263.90 | 250.00 | 12/18/2026 | Yes | 8 | 61 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.40 | 1.85 | 0.55 | 2.50 | 0.22 | 0.33 | 22 | 21 | -0.25 | -0.04 | 83.25 | 77.50 | 12/18/2026 | No | 14 | 74 | None | |
| GM | General Motors Company | Options Chain | 1.62 | 1.86 | 0.55 | 2.50 | 0.22 | 0.33 | 53 | 127 | -0.26 | -0.04 | 82.48 | 80.00 | 12/18/2026 | No | 10 | 60 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.60 | 0.22 | 1.00 | 0.22 | 0.32 | 2 | 0 | -0.29 | -0.01 | 23.12 | 22.00 | 12/18/2026 | No | 18 | 67 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.48 | 0.54 | 0.22 | 1.00 | 0.22 | 0.33 | 200 | 116 | -0.29 | -0.01 | 21.57 | 21.00 | 12/18/2026 | No | 16 | 70 | None | |
| XYL | Xylem Inc | Options Chain | 1.50 | 2.40 | 1.07 | 5.00 | 0.21 | 0.31 | 12 | 24 | -0.30 | -0.04 | 90.76 | 85.00 | 12/18/2026 | No | 16 | 64 | None | |
| BWA | BorgWarner Inc | Options Chain | 1.00 | 1.45 | 0.53 | 2.50 | 0.21 | 0.34 | 1 | 0 | -0.28 | -0.03 | 53.30 | 50.00 | 12/18/2026 | Yes | 12 | 56 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 0.90 | 2.55 | 0.53 | 2.50 | 0.21 | 0.41 | 25 | 74 | -0.28 | -0.03 | 66.40 | 57.50 | 12/18/2026 | Yes | 14 | 71 | None | |
| GE | General Electric Company | Options Chain | 5.20 | 5.85 | 2.10 | 10.00 | 0.21 | 0.34 | 82 | 142 | -0.22 | -0.15 | 301.40 | 290.00 | 12/18/2026 | No | 8 | 59 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.75 | 1.95 | 0.52 | 2.50 | 0.21 | 0.41 | 31 | 41 | -0.24 | -0.05 | 82.08 | 75.00 | 12/18/2026 | No | 8 | 55 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.81 | 2.15 | 0.52 | 2.50 | 0.21 | 0.41 | 30 | 2058 | -0.25 | -0.04 | 80.35 | 75.00 | 12/18/2026 | No | 12 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.49 | 1.78 | 1.00 | 5.00 | 0.20 | 0.44 | 87 | 101 | -0.24 | -0.04 | 66.25 | 60.00 | 12/18/2026 | No | 10 | 58 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.00 | 1.17 | 0.50 | 2.50 | 0.20 | 0.35 | 9 | 4 | -0.22 | -0.02 | 63.01 | 57.50 | 12/18/2026 | Yes | 13 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.66 | 0.73 | 0.20 | 1.00 | 0.20 | 0.26 | 109 | 61 | -0.24 | -0.02 | 50.85 | 48.00 | 12/18/2026 | No | 12 | 74 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.48 | 0.52 | 0.20 | 1.00 | 0.20 | 0.26 | 6 | 2 | -0.25 | -0.01 | 33.56 | 32.00 | 12/18/2026 | No | 10 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.71 | 3.05 | 0.99 | 5.00 | 0.20 | 0.30 | 87 | 102 | -0.24 | -0.06 | 183.29 | 170.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| SYF | Synchrony Financial | Options Chain | 1.50 | 1.80 | 0.47 | 2.50 | 0.19 | 0.31 | 7 | 0 | -0.29 | -0.03 | 75.36 | 72.50 | 12/18/2026 | No | 13 | 75 | None | |
| UL | Unilever plc | Options Chain | 0.60 | 0.75 | 0.45 | 2.50 | 0.18 | 0.23 | 22 | 0 | -0.21 | -0.01 | 64.18 | 60.00 | 12/18/2026 | No | 12 | 66 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.80 | 1.15 | 0.53 | 3.00 | 0.18 | 0.35 | 26 | 0 | -0.23 | -0.02 | 54.51 | 50.00 | 12/18/2026 | No | 8 | 60 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.50 | 0.60 | 0.43 | 2.50 | 0.17 | 0.32 | 1000 | 4 | -0.29 | -0.01 | 23.86 | 22.50 | 12/18/2026 | Yes | 7 | 60 | None | |
| BCE | BCE Inc | Options Chain | 0.25 | 0.55 | 0.17 | 1.00 | 0.17 | 0.30 | 2 | 0 | -0.30 | -0.01 | 20.06 | 19.00 | 12/18/2026 | Yes | 10 | 59 | None | |
| EHC | Encompass Health Corp | Options Chain | 1.30 | 2.90 | 0.80 | 5.00 | 0.16 | 0.25 | 7 | 4 | -0.29 | -0.05 | 122.09 | 125.00 | 12/18/2026 | No | 9 | 59 | None | |
| VTRS | Viatris Inc | Options Chain | 0.15 | 0.60 | 0.15 | 1.00 | 0.15 | 0.42 | 1 | 0 | -0.19 | -0.01 | 19.20 | 17.00 | 12/18/2026 | Yes | 6 | 52 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.15 | 0.40 | 0.15 | 1.00 | 0.15 | 0.26 | 6 | 15 | -0.24 | 0.00 | 15.70 | 15.00 | 12/18/2026 | No | 10 | 57 | None |