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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IVZ | Invesco Ltd | Options Chain | 0.50 | 1.60 | 0.72 | 1.00 | 0.72 | 0.39 | 5 | 0 | -0.23 | -0.01 | 29.60 | 25.00 | 12/18/2026 | No | 7 | 57 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 8.60 | 10.30 | 3.45 | 10.00 | 0.35 | 0.48 | 83 | 33 | -0.30 | -0.16 | 266.00 | 240.00 | 12/18/2026 | No | 11 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 7.05 | 7.15 | 1.70 | 5.00 | 0.34 | 0.66 | 470 | 512 | -0.30 | -0.12 | 139.56 | 120.00 | 12/18/2026 | Yes | 8 | 65 | None | |
| SYK | Stryker Corp | Options Chain | 7.60 | 8.70 | 3.15 | 10.00 | 0.32 | 0.33 | 213 | 26 | -0.33 | -0.14 | 311.75 | 280.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.20 | 2.39 | 0.78 | 2.50 | 0.31 | 0.49 | 64 | 1040 | -0.30 | -0.04 | 65.40 | 57.50 | 12/18/2026 | No | 10 | 58 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 32.15 | 37.85 | 6.22 | 20.00 | 0.31 | 0.35 | 13 | 53 | -0.30 | -0.72 | 1,373.70 | 1,340.00 | 12/18/2026 | Yes | 10 | 67 | None | |
| EQNR | Equinor ASA | Options Chain | 1.10 | 1.40 | 0.30 | 1.00 | 0.30 | 0.38 | 10 | 0 | -0.27 | -0.02 | 46.45 | 45.00 | 12/18/2026 | Yes | 12 | 63 | None | |
| VST | Vistra Corp | Options Chain | 4.65 | 5.25 | 1.47 | 5.00 | 0.29 | 0.51 | 30 | 83 | -0.27 | -0.10 | 140.95 | 125.00 | 12/18/2026 | Yes | 6 | 54 | None | |
| CDW | CDW Corp | Options Chain | 5.00 | 7.30 | 1.45 | 5.00 | 0.29 | 0.59 | 2 | 0 | -0.28 | -0.09 | 165.15 | 135.00 | 12/18/2026 | Yes | 12 | 57 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.56 | 2.71 | 0.29 | 1.00 | 0.29 | 0.76 | 94 | 32 | -0.29 | -0.06 | 58.87 | 48.00 | 12/18/2026 | Yes | 9 | 53 | None | |
| OKE | Oneok Inc | Options Chain | 1.40 | 1.70 | 0.72 | 2.50 | 0.29 | 0.29 | 26 | 7 | -0.22 | -0.02 | 95.82 | 90.00 | 12/18/2026 | No | 12 | 71 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.75 | 11.90 | 1.43 | 5.00 | 0.29 | 0.29 | 40 | 10 | -0.29 | -0.23 | 530.14 | 500.00 | 12/11/2026 | Yes | 13 | 72 | None | |
| CRM | Salesforce Inc | Options Chain | 8.25 | 8.70 | 2.85 | 10.00 | 0.29 | 0.52 | 274 | 118 | -0.29 | -0.16 | 228.21 | 210.00 | 12/18/2026 | Yes | 11 | 63 | None | |
| GM | General Motors Company | Options Chain | 2.22 | 2.38 | 0.70 | 2.50 | 0.28 | 0.36 | 34 | 2135 | -0.29 | -0.04 | 85.50 | 82.50 | 12/18/2026 | No | 10 | 60 | None | |
| GLW | Corning Inc | Options Chain | 4.70 | 4.95 | 1.38 | 5.00 | 0.28 | 0.60 | 620 | 454 | -0.28 | -0.09 | 122.90 | 110.00 | 12/18/2026 | No | 8 | 52 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.55 | 1.69 | 0.69 | 2.50 | 0.28 | 0.36 | 50 | 28 | -0.29 | -0.03 | 63.01 | 60.00 | 12/18/2026 | Yes | 13 | 70 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.70 | 3.00 | 1.37 | 5.00 | 0.27 | 0.44 | 20 | 22 | -0.30 | -0.05 | 78.80 | 75.00 | 12/18/2026 | Yes | 15 | 64 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.65 | 2.10 | 0.68 | 2.50 | 0.27 | 0.32 | 0 | 10 | -0.29 | -0.04 | 83.25 | 77.50 | 12/18/2026 | No | 14 | 74 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.20 | 8.75 | 2.70 | 10.00 | 0.27 | 0.33 | 175 | 263 | -0.25 | -0.16 | 413.58 | 380.00 | 12/18/2026 | No | 13 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.55 | 7.05 | 1.35 | 5.00 | 0.27 | 0.57 | 768 | 115 | -0.29 | -0.12 | 185.41 | 150.00 | 12/18/2026 | Yes | 12 | 70 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.25 | 6.45 | 1.30 | 5.00 | 0.26 | 0.36 | 144 | 63 | -0.29 | -0.11 | 255.01 | 240.00 | 12/18/2026 | No | 12 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.79 | 0.84 | 0.26 | 1.00 | 0.26 | 0.26 | 42 | 137 | -0.28 | -0.02 | 43.66 | 43.00 | 12/18/2026 | No | 8 | 64 | None | |
| HAL | Halliburton Company | Options Chain | 0.77 | 0.88 | 0.26 | 1.00 | 0.26 | 0.34 | 1 | 34 | -0.30 | -0.02 | 36.04 | 34.00 | 12/18/2026 | No | 10 | 48 | None | |
| NVO | Novo Nordisk | Options Chain | 1.05 | 1.22 | 0.64 | 2.50 | 0.26 | 0.40 | 369 | 527 | -0.29 | -0.02 | 39.14 | 37.50 | 12/18/2026 | Yes | 11 | 50 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.90 | 4.40 | 1.27 | 5.00 | 0.25 | 0.25 | 107 | 216 | -0.26 | -0.08 | 257.38 | 245.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| KR | Kroger Company | Options Chain | 1.21 | 1.51 | 0.63 | 2.50 | 0.25 | 0.32 | 3 | 134 | -0.27 | -0.02 | 65.93 | 62.50 | 12/18/2026 | Yes | 10 | 50 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 3.05 | 3.20 | 0.63 | 2.50 | 0.25 | 0.47 | 157 | 228 | -0.27 | -0.07 | 108.59 | 95.00 | 12/18/2026 | Yes | 10 | 67 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 1.00 | 0.25 | 1.00 | 0.25 | 0.31 | 0 | 2 | -0.30 | -0.02 | 39.65 | 36.00 | 12/18/2026 | No | 11 | 69 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.55 | 3.85 | 1.22 | 5.00 | 0.24 | 0.30 | 434 | 551 | -0.27 | -0.07 | 183.29 | 175.00 | 12/18/2026 | Yes | 11 | 64 | None | |
| ECL | Ecolab Inc | Options Chain | 4.70 | 6.00 | 2.40 | 10.00 | 0.24 | 0.25 | 2 | 3 | -0.29 | -0.11 | 306.94 | 290.00 | 12/18/2026 | No | 8 | 63 | None | |
| A | Agilent Technologies Inc | Options Chain | 3.90 | 4.50 | 1.20 | 5.00 | 0.24 | 0.41 | 8 | 8 | -0.25 | -0.09 | 181.80 | 160.00 | 12/18/2026 | Yes | 13 | 64 | None | |
| GIS | General Mills Inc | Options Chain | 0.80 | 1.05 | 0.60 | 2.50 | 0.24 | 0.36 | 3538 | 41 | -0.28 | -0.02 | 33.79 | 32.50 | 12/18/2026 | Yes | 7 | 51 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.20 | 2.45 | 0.60 | 2.50 | 0.24 | 0.47 | 1054 | 62 | -0.29 | -0.05 | 81.15 | 72.50 | 12/18/2026 | No | 8 | 55 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.87 | 0.90 | 0.23 | 1.00 | 0.23 | 0.29 | 970 | 1175 | -0.27 | -0.02 | 51.32 | 47.00 | 12/18/2026 | No | 12 | 74 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.65 | 10.30 | 2.28 | 10.00 | 0.23 | 0.40 | 1426 | 320 | -0.25 | -0.21 | 431.81 | 370.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| CFG | Citizens Financial Group Inc | Options Chain | 0.90 | 1.40 | 0.57 | 2.50 | 0.23 | 0.30 | 11 | 25 | -0.25 | -0.03 | 66.19 | 60.00 | 12/18/2026 | No | 16 | 77 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.23 | 1.40 | 0.56 | 2.50 | 0.22 | 0.23 | 132 | 315 | -0.29 | -0.02 | 82.55 | 80.00 | 12/18/2026 | No | 7 | 63 | None | |
| ETN | Eaton Corporation plc | Options Chain | 9.70 | 10.70 | 2.15 | 10.00 | 0.21 | 0.49 | 21 | 46 | -0.25 | -0.22 | 387.75 | 330.00 | 12/18/2026 | Yes | 8 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.80 | 5.10 | 1.07 | 5.00 | 0.21 | 0.26 | 470 | 176 | -0.26 | -0.14 | 343.58 | 320.00 | 12/18/2026 | No | 10 | 78 | None | |
| SYF | Synchrony Financial | Options Chain | 1.30 | 1.65 | 0.53 | 2.50 | 0.21 | 0.34 | 1 | 31 | -0.25 | -0.03 | 76.97 | 70.00 | 12/18/2026 | No | 13 | 75 | None | |
| KO | Coca-Cola Company | Options Chain | 1.15 | 1.23 | 0.53 | 2.50 | 0.21 | 0.21 | 360 | 1553 | -0.26 | -0.02 | 94.08 | 90.00 | 12/18/2026 | No | 9 | 61 | None | |
| NUE | Nucor Corp | Options Chain | 4.90 | 6.20 | 2.10 | 10.00 | 0.21 | 0.38 | 10 | 185 | -0.23 | -0.12 | 275.29 | 250.00 | 12/18/2026 | No | 16 | 69 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.93 | 1.00 | 0.52 | 2.50 | 0.21 | 0.43 | 450 | 322 | -0.25 | -0.02 | 38.42 | 35.00 | 12/18/2026 | Yes | 13 | 58 | None | |
| CVX | Chevron Corp | Options Chain | 4.10 | 4.30 | 2.07 | 10.00 | 0.21 | 0.30 | 220 | 179 | -0.26 | -0.08 | 233.63 | 220.00 | 12/18/2026 | Yes | 11 | 69 | None | |
| WMT | Walmart Inc | Options Chain | 2.13 | 2.23 | 1.02 | 5.00 | 0.20 | 0.32 | 888 | 829 | -0.23 | -0.05 | 121.25 | 115.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| GE | General Electric Company | Options Chain | 5.85 | 6.35 | 2.02 | 10.00 | 0.20 | 0.35 | 45 | 59 | -0.25 | -0.16 | 313.93 | 280.00 | 12/18/2026 | No | 8 | 59 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.87 | 2.07 | 1.00 | 5.00 | 0.20 | 0.25 | 206 | 630 | -0.26 | -0.04 | 133.79 | 130.00 | 12/18/2026 | No | 9 | 55 | None | |
| AEP | American Electric Power Company Inc | Options Chain | 1.70 | 1.90 | 1.00 | 5.00 | 0.20 | 0.22 | 16 | 6 | -0.28 | -0.03 | 131.92 | 125.00 | 12/18/2026 | No | 7 | 67 | None | |
| UL | Unilever plc | Options Chain | 0.90 | 1.05 | 0.50 | 2.50 | 0.20 | 0.23 | 1 | 3 | -0.27 | -0.02 | 64.18 | 62.50 | 12/18/2026 | No | 12 | 66 | None | |
| HPQ | HP Inc | Options Chain | 0.83 | 0.97 | 0.20 | 1.00 | 0.20 | 0.61 | 428 | 9 | -0.25 | -0.02 | 31.83 | 25.00 | 12/18/2026 | Yes | 12 | 55 | None | |
| PCG | PG&E Corp | Options Chain | 0.25 | 0.53 | 0.20 | 1.00 | 0.20 | 0.48 | 20 | 1687 | -0.25 | -0.01 | 13.23 | 12.00 | 12/18/2026 | No | 9 | 52 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.25 | 1.43 | 0.47 | 2.50 | 0.19 | 0.28 | 53 | 164 | -0.24 | -0.03 | 89.47 | 82.50 | 12/18/2026 | No | 16 | 72 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.40 | 2.70 | 0.92 | 5.00 | 0.18 | 0.27 | 32 | 4 | -0.23 | -0.08 | 175.22 | 175.00 | 12/18/2026 | Yes | 14 | 69 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.24 | 1.33 | 0.46 | 2.50 | 0.18 | 0.29 | 512 | 108 | -0.23 | -0.03 | 84.81 | 77.50 | 12/18/2026 | No | 15 | 74 | None | |
| TROW | T. Rowe Price Group Inc | Options Chain | 1.65 | 2.35 | 0.90 | 5.00 | 0.18 | 0.32 | 62 | 818 | -0.21 | -0.04 | 104.00 | 95.00 | 12/18/2026 | Yes | 17 | 60 |
Dividend Stock List |
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| EXC | Exelon Corp | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.21 | 1 | 47 | -0.25 | -0.01 | 47.84 | 44.00 | 12/18/2026 | Yes | 8 | 59 | None | |
| XYL | Xylem Inc | Options Chain | 1.30 | 1.95 | 0.88 | 5.00 | 0.18 | 0.33 | 6 | 1 | -0.20 | -0.03 | 90.76 | 85.00 | 12/18/2026 | No | 16 | 64 | None | |
| YUM | Yum Brands Inc | Options Chain | 2.05 | 2.50 | 0.88 | 5.00 | 0.18 | 0.29 | 1 | 0 | -0.23 | -0.05 | 154.55 | 145.00 | 12/18/2026 | Yes | 9 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.04 | 1.14 | 0.44 | 2.50 | 0.18 | 0.39 | 1767 | 845 | -0.23 | -0.02 | 51.46 | 47.50 | 12/18/2026 | Yes | 13 | 65 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.76 | 2.01 | 0.86 | 5.00 | 0.17 | 0.21 | 295 | 92 | -0.24 | -0.05 | 160.59 | 155.00 | 12/18/2026 | No | 8 | 67 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.40 | 0.17 | 1.00 | 0.17 | 0.41 | 100 | 0 | -0.20 | -0.01 | 19.20 | 17.00 | 12/18/2026 | Yes | 6 | 52 | None | |
| T | AT&T Inc | Options Chain | 0.33 | 0.34 | 0.17 | 1.00 | 0.17 | 0.30 | 386 | 46 | -0.22 | -0.01 | 20.92 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.36 | 0.38 | 0.17 | 1.00 | 0.17 | 0.36 | 140 | 88 | -0.22 | -0.01 | 22.90 | 21.00 | 12/18/2026 | No | 16 | 70 | None | |
| ED | Consolidated Edison Inc | Options Chain | 0.95 | 1.35 | 0.80 | 5.00 | 0.16 | 0.21 | 0 | 4 | -0.19 | -0.02 | 115.49 | 110.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| BCS | Barclays plc | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.37 | 0 | 5 | -0.20 | -0.01 | 22.95 | 20.00 | 12/18/2026 | No | 18 | 67 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.80 | 0.15 | 1.00 | 0.15 | 0.37 | 1 | 14 | -0.28 | -0.01 | 25.57 | 24.00 | 12/18/2026 | Yes | 10 | 57 | None |