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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp | Options Chain | 1.45 | 1.85 | 0.42 | 1.00 | 0.42 | 0.48 | 0 | 11 | -0.28 | -0.03 | 45.32 | 42.00 | 11/20/2026 | Yes | 19 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 5.50 | 5.65 | 1.63 | 5.00 | 0.33 | 0.51 | 131 | 118 | -0.30 | -0.10 | 142.86 | 135.00 | 11/20/2026 | No | 9 | 62 | None | |
| GLW | Corning Inc | Options Chain | 6.20 | 6.60 | 1.47 | 5.00 | 0.29 | 0.58 | 95 | 63 | -0.28 | -0.14 | 159.30 | 150.00 | 11/20/2026 | Yes | 9 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.80 | 11.00 | 2.87 | 10.00 | 0.29 | 0.32 | 121 | 226 | -0.29 | -0.24 | 472.78 | 460.00 | 11/20/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 5.45 | 5.65 | 1.42 | 5.00 | 0.28 | 0.50 | 88 | 29 | -0.27 | -0.13 | 180.79 | 165.00 | 11/20/2026 | Yes | 10 | 63 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.20 | 1.35 | 0.66 | 2.50 | 0.26 | 0.37 | 0 | 22 | -0.29 | -0.03 | 47.98 | 45.00 | 11/20/2026 | Yes | 13 | 66 | None | |
| SLB | SLB | Options Chain | 1.30 | 1.39 | 0.66 | 2.50 | 0.26 | 0.39 | 11 | 26 | -0.30 | -0.03 | 50.28 | 47.50 | 11/20/2026 | Yes | 6 | 57 | None | |
| APA | APA Corporation | Options Chain | 1.21 | 1.42 | 0.65 | 2.50 | 0.26 | 0.46 | 1 | 0 | -0.26 | -0.02 | 43.85 | 40.00 | 11/20/2026 | Yes | 10 | 61 | None | |
| LUV | Southwest Airlines Company | Options Chain | 1.23 | 1.37 | 0.65 | 2.50 | 0.26 | 0.42 | 15 | 0 | -0.29 | -0.03 | 41.56 | 40.00 | 11/20/2026 | Yes | 10 | 54 | None | |
| STM | ST Microelectronics | Options Chain | 1.55 | 1.70 | 0.25 | 1.00 | 0.25 | 0.63 | 38 | 0 | -0.20 | -0.05 | 57.68 | 50.00 | 11/20/2026 | Yes | 12 | 53 | None | |
| NVO | Novo Nordisk | Options Chain | 0.95 | 0.99 | 0.61 | 2.50 | 0.24 | 0.37 | 175 | 22 | -0.29 | -0.02 | 37.54 | 35.00 | 11/20/2026 | Yes | 14 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.59 | 1.67 | 0.61 | 2.50 | 0.24 | 0.30 | 62 | 50 | -0.30 | -0.03 | 81.44 | 77.50 | 11/20/2026 | Yes | 16 | 74 | None | |
| GIS | General Mills Inc | Options Chain | 0.75 | 0.80 | 0.55 | 2.50 | 0.22 | 0.31 | 59 | 1 | -0.27 | -0.01 | 31.75 | 30.00 | 11/20/2026 | No | 6 | 53 | None | |
| HPQ | HP Inc | Options Chain | 0.70 | 0.73 | 0.22 | 1.00 | 0.22 | 0.43 | 16 | 37 | -0.25 | -0.02 | 31.52 | 29.00 | 11/20/2026 | No | 10 | 46 | None | |
| HAL | Halliburton Company | Options Chain | 0.58 | 0.66 | 0.21 | 1.00 | 0.21 | 0.40 | 0 | 2 | -0.25 | -0.02 | 32.78 | 30.00 | 11/20/2026 | Yes | 10 | 48 | None | |
| USB | U.S. Bancorp. | Options Chain | 1.04 | 1.06 | 0.50 | 2.50 | 0.20 | 0.27 | 62 | 5 | -0.30 | -0.03 | 57.51 | 55.00 | 11/20/2026 | Yes | 12 | 66 | None | |
| ING | ING Groep N.V. | Options Chain | 0.60 | 0.70 | 0.20 | 1.00 | 0.20 | 0.33 | 1 | 0 | -0.26 | -0.02 | 34.77 | 33.00 | 11/20/2026 | Yes | 7 | 54 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.45 | 0.17 | 1.00 | 0.17 | 0.41 | 4 | 0 | -0.21 | -0.01 | 22.23 | 20.00 | 11/20/2026 | Yes | 13 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 0.83 | 0.89 | 0.40 | 2.50 | 0.16 | 0.22 | 135 | 56 | -0.24 | -0.03 | 86.51 | 82.50 | 11/20/2026 | Yes | 9 | 61 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.97 | 1.07 | 0.39 | 2.50 | 0.16 | 0.26 | 11 | 10 | -0.25 | -0.03 | 76.28 | 72.50 | 11/20/2026 | Yes | 7 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.55 | 0.61 | 0.15 | 1.00 | 0.15 | 0.28 | 2 | 0 | -0.19 | -0.02 | 54.00 | 50.00 | 11/20/2026 | Yes | 8 | 65 | None | |
| PCG | PG&E Corp | Options Chain | 0.23 | 0.29 | 0.15 | 1.00 | 0.15 | 0.43 | 1 | 0 | -0.22 | -0.01 | 12.35 | 11.00 | 11/20/2026 | Yes | 9 | 54 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.17 | 0.58 | 0.15 | 1.00 | 0.15 | 0.19 | 5 | 0 | -0.23 | -0.01 | 36.57 | 35.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| VTRS | Viatris Inc | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.39 | 0 | 1 | -0.24 | -0.01 | 17.62 | 16.00 | 11/20/2026 | Yes | 6 | 51 | None | |
| KEY | Keycorp | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.30 | 1 | 0 | -0.25 | -0.01 | 20.18 | 19.00 | 11/20/2026 | Yes | 10 | 59 | None |