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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T | AT&T Inc | Options Chain | 0.35 | 0.64 | 0.21 | 0.50 | 0.42 | 0.30 | 4 | 2 | -0.27 | -0.01 | 23.43 | 22.00 | 11/27/2026 | Yes | 11 | 60 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.13 | 1.88 | 0.35 | 1.00 | 0.35 | 0.22 | 2 | 6 | -0.28 | -0.04 | 131.70 | 127.00 | 11/27/2026 | No | 9 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 4.50 | 4.70 | 0.30 | 1.00 | 0.30 | 0.56 | 35 | 0 | -0.29 | -0.11 | 127.80 | 120.00 | 11/27/2026 | No | 8 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.90 | 7.85 | 1.48 | 5.00 | 0.30 | 0.28 | 5 | 78 | -0.29 | -0.21 | 400.90 | 385.00 | 11/27/2026 | No | 10 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.58 | 0.90 | 0.29 | 1.00 | 0.29 | 0.28 | 24 | 8 | -0.26 | -0.02 | 44.78 | 42.00 | 11/27/2026 | Yes | 10 | 73 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.88 | 0.97 | 0.29 | 1.00 | 0.29 | 0.38 | 11 | 19 | -0.29 | -0.03 | 37.14 | 35.00 | 11/27/2026 | No | 12 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 0.74 | 1.09 | 0.28 | 1.00 | 0.28 | 0.42 | 0 | 1 | -0.26 | -0.03 | 39.22 | 36.00 | 11/27/2026 | Yes | 14 | 59 | None | |
| WMT | Walmart Inc | Options Chain | 1.90 | 2.08 | 0.28 | 1.00 | 0.28 | 0.29 | 0 | 1 | -0.28 | -0.06 | 118.72 | 113.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.36 | 0.14 | 0.50 | 0.28 | 0.38 | 5 | 16 | -0.27 | -0.01 | 12.43 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.14 | 1.31 | 0.27 | 1.00 | 0.27 | 0.38 | 1 | 0 | -0.29 | -0.03 | 50.73 | 48.00 | 11/27/2026 | Yes | 9 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.75 | 8.10 | 1.30 | 5.00 | 0.26 | 0.31 | 39 | 41 | -0.30 | -0.23 | 422.25 | 405.00 | 11/27/2026 | No | 20 | 61 |
Dividend Stock List |
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| CMCSA | Comcast Corp - Class A | Options Chain | 0.38 | 0.53 | 0.25 | 1.00 | 0.25 | 0.41 | 3 | 4 | -0.22 | -0.01 | 21.90 | 20.00 | 11/27/2026 | Yes | 15 | 70 | None | |
| KO | Coca-Cola Company | Options Chain | 1.00 | 1.19 | 0.23 | 1.00 | 0.23 | 0.23 | 1 | 1 | -0.30 | -0.03 | 93.90 | 90.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.35 | 1.74 | 0.21 | 1.00 | 0.21 | 0.26 | 10 | 0 | -0.30 | -0.04 | 78.96 | 76.00 | 11/27/2026 | Yes | 11 | 71 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.46 | 0.56 | 0.20 | 1.00 | 0.20 | 0.25 | 1 | 0 | -0.25 | -0.01 | 33.73 | 32.00 | 11/27/2026 | Yes | 8 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.79 | 2.22 | 0.89 | 5.00 | 0.18 | 0.28 | 18 | 5 | -0.21 | -0.06 | 178.98 | 165.00 | 11/27/2026 | Yes | 12 | 71 | None |