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 | 11.80 | 14.70 | 2.90 | 5.00 | 0.58 | 0.21 | 8 | 5 | -0.29 | -0.30 | 884.47 | 855.00 | 1/30/2026 | Yes | 13 | 59 | None | |
| NVO | Novo Nordisk | Options Chain | 1.02 | 1.86 | 0.46 | 1.00 | 0.46 | 0.40 | 2 | 13 | -0.27 | -0.03 | 50.29 | 47.00 | 1/30/2026 | No | 14 | 61 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.50 | 11.85 | 2.08 | 5.00 | 0.42 | 0.28 | 5 | 10 | -0.30 | -0.22 | 483.73 | 460.00 | 1/30/2026 | Yes | 14 | 69 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.00 | 1.75 | 0.39 | 1.00 | 0.39 | 0.56 | 0 | 10 | -0.23 | -0.02 | 37.54 | 35.00 | 1/30/2026 | No | 9 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.64 | 0.77 | 0.35 | 1.00 | 0.35 | 0.28 | 11 | 0 | -0.27 | -0.02 | 41.20 | 39.00 | 1/30/2026 | No | 7 | 65 | None | |
| DOW | Dow Inc | Options Chain | 0.68 | 1.01 | 0.17 | 0.50 | 0.34 | 0.53 | 0 | 1 | -0.27 | -0.02 | 24.58 | 22.00 | 1/30/2026 | Yes | 11 | 49 | None | |
| ORCL | Oracle Corp | Options Chain | 5.20 | 6.10 | 1.62 | 5.00 | 0.32 | 0.45 | 101 | 118 | -0.27 | -0.12 | 198.85 | 175.00 | 1/30/2026 | No | 10 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.10 | 11.20 | 1.47 | 5.00 | 0.29 | 0.38 | 14 | 2 | -0.27 | -0.20 | 336.65 | 320.00 | 1/30/2026 | Yes | 13 | 67 | None | |
| AA | Alcoa Corp | Options Chain | 1.64 | 2.00 | 0.29 | 1.00 | 0.29 | 0.53 | 0 | 1 | -0.28 | -0.04 | 46.14 | 43.00 | 1/30/2026 | Yes | 16 | 55 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.86 | 2.45 | 0.27 | 1.00 | 0.27 | 0.41 | 0 | 2 | -0.30 | -0.05 | 70.56 | 66.00 | 1/30/2026 | Yes | 10 | 56 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.00 | 6.70 | 1.32 | 5.00 | 0.26 | 0.28 | 4 | 1 | -0.26 | -0.10 | 317.38 | 300.00 | 1/30/2026 | Yes | 11 | 79 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.08 | 0.68 | 0.26 | 1.00 | 0.26 | 0.18 | 5 | 0 | -0.27 | -0.01 | 32.21 | 31.00 | 1/30/2026 | No | 9 | 58 | None | |
| AMAT | Applied Materials Inc | Options Chain | 5.75 | 8.45 | 1.27 | 5.00 | 0.25 | 0.42 | 0 | 10 | -0.27 | -0.15 | 271.00 | 240.00 | 1/30/2026 | No | 14 | 66 | None | |
| V | Visa Inc - Class A | Options Chain | 3.55 | 7.40 | 1.25 | 5.00 | 0.25 | 0.23 | 4 | 3 | -0.28 | -0.12 | 345.63 | 335.00 | 1/30/2026 | Yes | 9 | 69 | None | |
| GM | General Motors Company | Options Chain | 1.82 | 2.39 | 0.25 | 1.00 | 0.25 | 0.34 | 1 | 0 | -0.30 | -0.05 | 80.85 | 77.00 | 1/30/2026 | Yes | 9 | 60 | None | |
| FDX | Fedex Corp | Options Chain | 5.60 | 6.35 | 1.23 | 5.00 | 0.25 | 0.34 | 0 | 1 | -0.26 | -0.12 | 284.78 | 265.00 | 1/30/2026 | Yes | 13 | 71 | None | |
| HPQ | HP Inc | Options Chain | 0.30 | 0.59 | 0.21 | 1.00 | 0.21 | 0.34 | 2 | 0 | -0.22 | -0.01 | 25.41 | 23.00 | 1/30/2026 | No | 11 | 50 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.10 | 9.45 | 1.00 | 5.00 | 0.20 | 0.39 | 6 | 69 | -0.29 | -0.17 | 302.51 | 275.00 | 1/30/2026 | Yes | 22 | 69 |
Dividend Stock List |
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| KHC | Kraft Heinz Company | Options Chain | 0.12 | 0.52 | 0.20 | 1.00 | 0.20 | 0.27 | 1 | 1 | -0.15 | -0.01 | 24.39 | 23.00 | 1/30/2026 | No | 6 | 56 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.60 | 4.00 | 0.94 | 5.00 | 0.19 | 0.18 | 8 | 1 | -0.25 | -0.10 | 309.71 | 305.00 | 1/30/2026 | No | 10 | 65 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.26 | 1.80 | 0.80 | 5.00 | 0.16 | 0.23 | 7 | 22 | -0.21 | -0.05 | 140.76 | 135.00 | 1/30/2026 | Yes | 11 | 64 | None |