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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GPN | Global Payments Inc | Options Chain | 1.60 | 3.80 | 1.20 | 2.50 | 0.48 | 0.40 | 62 | 21 | -0.27 | -0.07 | 100.23 | 82.50 | 12/18/2026 | No | 6 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.55 | 7.55 | 1.77 | 5.00 | 0.35 | 0.49 | 0 | 1 | -0.30 | -0.12 | 173.80 | 165.00 | 12/31/2026 | No | 10 | 63 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 21.75 | 24.90 | 1.73 | 5.00 | 0.35 | 0.81 | 0 | 5 | -0.29 | -0.41 | 360.68 | 330.00 | 12/31/2026 | Yes | 12 | 53 | None | |
| AMAT | Applied Materials Inc | Options Chain | 16.50 | 21.50 | 1.72 | 5.00 | 0.34 | 0.60 | 1 | 0 | -0.30 | -0.32 | 386.59 | 350.00 | 12/31/2026 | Yes | 16 | 69 |
Dividend Stock List |
|
| GE | General Electric Company | Options Chain | 7.05 | 10.25 | 1.62 | 5.00 | 0.32 | 0.34 | 0 | 1 | -0.30 | -0.19 | 341.81 | 315.00 | 12/31/2026 | No | 8 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.25 | 11.80 | 1.53 | 5.00 | 0.31 | 0.40 | 2 | 4 | -0.28 | -0.23 | 396.48 | 380.00 | 12/31/2026 | No | 20 | 62 |
Dividend Stock List |
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| EQNR | Equinor ASA | Options Chain | 0.80 | 1.00 | 0.27 | 1.00 | 0.27 | 0.37 | 1 | 0 | -0.27 | -0.02 | 41.33 | 40.00 | 12/18/2026 | No | 12 | 61 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.00 | 1.40 | 0.27 | 1.00 | 0.27 | 0.47 | 1 | 0 | -0.29 | -0.03 | 39.34 | 35.00 | 12/31/2026 | No | 19 | 67 | None | |
| CVX | Chevron Corp | Options Chain | 2.75 | 5.60 | 1.29 | 5.00 | 0.26 | 0.28 | 0 | 3 | -0.28 | -0.07 | 214.36 | 205.00 | 12/31/2026 | No | 13 | 76 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.57 | 3.40 | 1.28 | 5.00 | 0.26 | 0.28 | 5 | 3 | -0.26 | -0.05 | 166.71 | 160.00 | 12/31/2026 | No | 11 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.80 | 6.70 | 1.27 | 5.00 | 0.25 | 0.25 | 4 | 1 | -0.28 | -0.09 | 281.49 | 270.00 | 12/31/2026 | No | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.45 | 9.85 | 1.27 | 5.00 | 0.25 | 0.30 | 948 | 481 | -0.30 | -0.26 | 521.13 | 500.00 | 12/18/2026 | No | 15 | 74 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.10 | 1.35 | 0.63 | 2.50 | 0.25 | 0.29 | 36 | 14 | -0.25 | -0.02 | 70.92 | 67.50 | 12/18/2026 | No | 14 | 57 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.75 | 0.25 | 1.00 | 0.25 | 0.32 | 6 | 12 | -0.27 | -0.02 | 38.27 | 36.00 | 12/18/2026 | No | 12 | 70 | None | |
| CLX | Clorox Company | Options Chain | 1.50 | 1.80 | 1.22 | 5.00 | 0.24 | 0.37 | 29 | 36 | -0.22 | -0.07 | 106.86 | 100.00 | 12/18/2026 | No | 8 | 44 | None | |
| OTIS | Otis Worldwide Corp | Options Chain | 1.00 | 1.30 | 0.57 | 2.50 | 0.23 | 0.23 | 1 | 0 | -0.30 | -0.03 | 77.50 | 75.00 | 12/18/2026 | No | 12 | 61 | None | |
| BAM | Brookfield Asset Management Ltd - Class A | Options Chain | 0.55 | 1.15 | 0.55 | 2.50 | 0.22 | 0.32 | 1 | 1 | -0.22 | -0.02 | 52.56 | 47.50 | 12/18/2026 | No | 11 | 54 | None | |
| EXC | Exelon Corp | Options Chain | 0.35 | 0.75 | 0.22 | 1.00 | 0.22 | 0.20 | 15 | 0 | -0.29 | -0.01 | 45.37 | 44.00 | 12/18/2026 | No | 9 | 64 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.95 | 0.22 | 1.00 | 0.22 | 0.41 | 1 | 0 | -0.30 | -0.02 | 28.77 | 27.00 | 12/18/2026 | No | 6 | 58 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.35 | 0.20 | 1.00 | 0.20 | 0.35 | 4 | 2 | -0.24 | -0.01 | 15.78 | 15.00 | 12/18/2026 | No | 10 | 57 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.59 | 4.00 | 0.94 | 5.00 | 0.19 | 0.21 | 3 | 1 | -0.26 | -0.07 | 274.80 | 260.00 | 12/31/2026 | No | 12 | 68 | None | |
| QSR | Restaurant Brands International Inc | Options Chain | 0.70 | 1.10 | 0.47 | 2.50 | 0.19 | 0.25 | 1 | 1 | -0.25 | -0.04 | 76.65 | 72.50 | 12/18/2026 | No | 8 | 62 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.15 | 0.50 | 0.18 | 1.00 | 0.18 | 0.29 | 5 | 0 | -0.24 | -0.01 | 23.53 | 22.00 | 12/18/2026 | No | 11 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.22 | 0.09 | 0.50 | 0.18 | 0.33 | 4 | 0 | -0.20 | -0.01 | 12.24 | 11.00 | 12/31/2026 | No | 8 | 51 | None | |
| COST | Costco Wholesale Corp | Options Chain | 15.05 | 23.30 | 0.85 | 5.00 | 0.17 | 0.24 | 0 | 2 | -0.30 | -0.45 | 1,090.39 | 1,055.00 | 12/31/2026 | Yes | 14 | 60 | None | |
| ED | Consolidated Edison Inc | Options Chain | 1.05 | 1.55 | 0.82 | 5.00 | 0.16 | 0.19 | 1900 | 3803 | -0.28 | -0.03 | 119.31 | 115.00 | 12/18/2026 | No | 8 | 60 | None | |
| EIX | Edison International | Options Chain | 0.75 | 0.95 | 0.40 | 2.50 | 0.16 | 0.38 | 67 | 10 | -0.21 | -0.04 | 60.59 | 55.00 | 12/18/2026 | No | 13 | 73 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.80 | 0.40 | 2.50 | 0.16 | 0.26 | 75 | 5 | -0.26 | -0.01 | 50.26 | 47.50 | 12/18/2026 | No | 11 | 76 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.35 | 1.65 | 0.77 | 5.00 | 0.15 | 0.18 | 88 | 234 | -0.30 | -0.03 | 129.33 | 125.00 | 12/18/2026 | No | 8 | 68 | None | |
| KEY | Keycorp | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.29 | 3 | 0 | -0.22 | -0.01 | 21.53 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.39 | 1 | 3 | -0.22 | -0.01 | 22.32 | 21.00 | 12/18/2026 | No | 13 | 66 | None | |
| C | Citigroup Inc | Options Chain | 2.06 | 3.30 | 0.15 | 1.00 | 0.15 | 0.30 | 982 | 0 | -0.30 | -0.06 | 124.21 | 118.00 | 12/31/2026 | No | 17 | 79 | None |