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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNM | Unum Group | Options Chain | 1.85 | 3.70 | 1.33 | 2.50 | 0.53 | 0.41 | 0 | 14 | -0.30 | -0.05 | 92.64 | 87.50 | 11/20/2026 | Yes | 9 | 63 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.05 | 12.75 | 2.42 | 5.00 | 0.48 | 0.40 | 49 | 52 | -0.30 | -0.21 | 360.14 | 340.00 | 11/27/2026 | No | 14 | 67 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 1.15 | 0.38 | 1.00 | 0.38 | 0.45 | 43 | 19 | -0.26 | -0.02 | 30.63 | 29.00 | 11/20/2026 | Yes | 15 | 68 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.75 | 0.38 | 1.00 | 0.38 | 0.37 | 21 | 0 | -0.30 | 0.00 | 9.46 | 9.00 | 11/20/2026 | Yes | 19 | 59 | None | |
| PBF | PBF Energy Inc - Class A | Options Chain | 4.30 | 4.80 | 0.90 | 2.50 | 0.36 | 0.71 | 2 | 10 | -0.30 | -0.08 | 89.34 | 80.00 | 11/20/2026 | Yes | 10 | 51 | None | |
| APA | APA Corporation | Options Chain | 1.20 | 1.81 | 0.36 | 1.00 | 0.36 | 0.47 | 1 | 0 | -0.28 | -0.03 | 45.47 | 42.00 | 11/27/2026 | Yes | 14 | 72 | None | |
| GLW | Corning Inc | Options Chain | 5.70 | 7.80 | 1.75 | 5.00 | 0.35 | 0.57 | 9 | 4 | -0.30 | -0.11 | 163.25 | 140.00 | 11/27/2026 | Yes | 8 | 52 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 17.10 | 18.50 | 3.15 | 10.00 | 0.32 | 0.53 | 25 | 55 | -0.30 | -0.37 | 442.40 | 430.00 | 11/20/2026 | Yes | 11 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 4.90 | 5.10 | 1.57 | 5.00 | 0.31 | 0.53 | 986 | 1191 | -0.29 | -0.10 | 143.95 | 125.00 | 11/20/2026 | No | 8 | 62 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.14 | 1.51 | 0.31 | 1.00 | 0.31 | 0.37 | 1 | 2 | -0.29 | -0.03 | 47.88 | 46.00 | 11/27/2026 | Yes | 13 | 66 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.65 | 2.95 | 0.77 | 2.50 | 0.31 | 0.46 | 760 | 55 | -0.30 | -0.06 | 87.55 | 80.00 | 11/20/2026 | Yes | 8 | 55 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.70 | 12.40 | 1.50 | 5.00 | 0.30 | 0.33 | 7 | 4 | -0.30 | -0.23 | 457.99 | 435.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| HD | Home Depot Inc | Options Chain | 6.15 | 8.10 | 1.45 | 5.00 | 0.29 | 0.33 | 1 | 1 | -0.29 | -0.14 | 285.77 | 280.00 | 11/27/2026 | Yes | 9 | 54 | None | |
| NTAP | Netapp Inc | Options Chain | 5.80 | 7.10 | 2.80 | 10.00 | 0.28 | 0.49 | 52 | 30 | -0.25 | -0.16 | 237.88 | 210.00 | 11/20/2026 | No | 12 | 63 | None | |
| EIX | Edison International | Options Chain | 1.05 | 1.20 | 0.65 | 2.50 | 0.26 | 0.40 | 63 | 44 | -0.23 | -0.03 | 54.41 | 50.00 | 11/20/2026 | Yes | 10 | 60 | None | |
| SYK | Stryker Corp | Options Chain | 6.00 | 6.90 | 2.55 | 10.00 | 0.26 | 0.37 | 15 | 8 | -0.28 | -0.16 | 276.97 | 260.00 | 11/20/2026 | Yes | 11 | 64 | None | |
| MS | Morgan Stanley | Options Chain | 1.88 | 5.60 | 1.25 | 5.00 | 0.25 | 0.32 | 0 | 2 | -0.26 | -0.07 | 190.20 | 175.00 | 11/27/2026 | Yes | 10 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.65 | 0.90 | 0.25 | 1.00 | 0.25 | 0.38 | 5 | 1 | -0.24 | -0.02 | 34.30 | 32.00 | 11/27/2026 | No | 11 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.05 | 7.35 | 1.20 | 5.00 | 0.24 | 0.49 | 6 | 2 | -0.27 | -0.10 | 177.59 | 160.00 | 11/27/2026 | Yes | 12 | 70 | None | |
| EQNR | Equinor ASA | Options Chain | 0.85 | 1.50 | 0.23 | 1.00 | 0.23 | 0.41 | 34 | 6 | -0.29 | -0.02 | 41.61 | 40.00 | 11/20/2026 | Yes | 13 | 61 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.65 | 3.55 | 1.14 | 5.00 | 0.23 | 0.24 | 1 | 0 | -0.24 | -0.09 | 230.91 | 225.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| CRM | Salesforce Inc | Options Chain | 4.60 | 7.60 | 1.10 | 5.00 | 0.22 | 0.42 | 0 | 1 | -0.26 | -0.13 | 224.91 | 210.00 | 11/27/2026 | No | 11 | 63 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.65 | 0.22 | 1.00 | 0.22 | 0.41 | 7 | 0 | -0.25 | -0.01 | 22.21 | 21.00 | 11/20/2026 | Yes | 10 | 59 | None | |
| SHW | Sherwin-Williams Company | Options Chain | 4.70 | 6.50 | 2.15 | 10.00 | 0.21 | 0.33 | 24 | 9 | -0.25 | -0.15 | 321.03 | 300.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 7.15 | 1.05 | 5.00 | 0.21 | 0.27 | 14 | 2 | -0.27 | -0.13 | 331.42 | 315.00 | 11/27/2026 | Yes | 8 | 71 | None | |
| OKE | Oneok Inc | Options Chain | 1.50 | 1.95 | 1.05 | 5.00 | 0.21 | 0.31 | 33 | 1332 | -0.27 | -0.03 | 87.25 | 85.00 | 11/20/2026 | Yes | 11 | 65 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.20 | 1.50 | 0.50 | 2.50 | 0.20 | 0.44 | 11 | 0 | -0.24 | -0.04 | 58.49 | 55.00 | 11/20/2026 | Yes | 9 | 55 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.39 | 1 | 0 | -0.21 | -0.01 | 22.95 | 21.00 | 11/20/2026 | Yes | 18 | 69 | None | |
| PPL | PPL Corp | Options Chain | 0.40 | 0.60 | 0.20 | 1.00 | 0.20 | 0.22 | 10 | 0 | -0.30 | -0.01 | 34.10 | 33.00 | 11/20/2026 | Yes | 7 | 61 | None | |
| CVX | Chevron Corp | Options Chain | 2.51 | 6.10 | 0.98 | 5.00 | 0.20 | 0.29 | 2 | 0 | -0.29 | -0.07 | 205.15 | 200.00 | 11/27/2026 | Yes | 11 | 69 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.15 | 3.10 | 0.43 | 2.50 | 0.17 | 0.52 | 17 | 3 | -0.29 | -0.04 | 57.07 | 55.00 | 11/20/2026 | Yes | 11 | 60 | None | |
| GIS | General Mills Inc | Options Chain | 0.50 | 0.60 | 0.40 | 2.50 | 0.16 | 0.32 | 155 | 59 | -0.20 | -0.01 | 31.77 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| ING | ING Groep N.V. | Options Chain | 0.50 | 0.65 | 0.15 | 1.00 | 0.15 | 0.35 | 0 | 11 | -0.24 | -0.02 | 33.80 | 31.00 | 11/20/2026 | Yes | 9 | 63 | None | |
| ITUB | Itau Unibanco Holding S.A. | Options Chain | 0.20 | 0.25 | 0.15 | 1.00 | 0.15 | 0.42 | 607 | 0 | -0.24 | -0.01 | 9.70 | 9.00 | 11/20/2026 | Yes | 13 | 48 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.85 | 0.15 | 1.00 | 0.15 | 0.40 | 0 | 11 | -0.25 | -0.02 | 30.40 | 28.00 | 11/20/2026 | Yes | 7 | 58 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.28 | 11 | 0 | -0.27 | -0.01 | 22.75 | 22.00 | 11/20/2026 | Yes | 12 | 59 | None | |
| EXC | Exelon Corp | Options Chain | 0.40 | 0.65 | 0.15 | 1.00 | 0.15 | 0.22 | 4 | 0 | -0.28 | -0.01 | 41.49 | 40.00 | 11/20/2026 | Yes | 11 | 69 | None | |
| KEY | Keycorp | Options Chain | 0.15 | 0.50 | 0.15 | 1.00 | 0.15 | 0.26 | 1 | 0 | -0.30 | -0.01 | 20.10 | 19.00 | 11/20/2026 | Yes | 15 | 68 | None |