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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 2.67 | 4.50 | 0.86 | 1.00 | 0.86 | 0.37 | 0 | 2 | -0.29 | -0.06 | 127.03 | 119.00 | 12/24/2026 | Yes | 8 | 57 | None | |
| PCG | PG&E Corp | Options Chain | 0.47 | 0.60 | 0.28 | 0.50 | 0.56 | 0.54 | 2 | 0 | -0.28 | -0.01 | 13.22 | 12.00 | 12/24/2026 | No | 11 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.55 | 0.23 | 0.50 | 0.46 | 0.43 | 0 | 2 | -0.27 | 0.00 | 12.53 | 11.50 | 12/24/2026 | No | 9 | 51 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.45 | 0.85 | 0.40 | 1.00 | 0.40 | 0.42 | 16 | 0 | -0.23 | -0.01 | 27.61 | 25.00 | 12/18/2026 | Yes | 10 | 58 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.35 | 26.20 | 1.83 | 5.00 | 0.37 | 0.94 | 43 | 86 | -0.28 | -0.40 | 316.91 | 290.00 | 12/24/2026 | Yes | 12 | 53 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.20 | 7.95 | 1.73 | 5.00 | 0.35 | 0.57 | 8 | 0 | -0.28 | -0.12 | 156.75 | 150.00 | 12/24/2026 | Yes | 10 | 63 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.55 | 0.90 | 0.33 | 1.00 | 0.33 | 0.27 | 11 | 0 | -0.26 | -0.01 | 44.00 | 41.00 | 12/18/2026 | Yes | 16 | 69 | None | |
| ORCL | Oracle Corp | Options Chain | 6.60 | 6.85 | 1.63 | 5.00 | 0.33 | 0.73 | 109 | 42 | -0.30 | -0.12 | 116.05 | 105.00 | 12/24/2026 | Yes | 9 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.25 | 7.70 | 1.63 | 5.00 | 0.33 | 0.38 | 1 | 15 | -0.30 | -0.11 | 247.11 | 230.00 | 12/24/2026 | No | 12 | 74 | None | |
| GE | General Electric Company | Options Chain | 7.35 | 11.20 | 1.63 | 5.00 | 0.33 | 0.38 | 0 | 1 | -0.30 | -0.18 | 314.73 | 305.00 | 12/24/2026 | No | 12 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 6.40 | 8.90 | 1.50 | 5.00 | 0.30 | 0.53 | 3 | 3 | -0.27 | -0.16 | 222.41 | 195.00 | 12/24/2026 | Yes | 11 | 63 | None | |
| GLW | Corning Inc | Options Chain | 4.90 | 6.55 | 1.50 | 5.00 | 0.30 | 0.73 | 3 | 2 | -0.28 | -0.10 | 103.43 | 95.00 | 12/24/2026 | No | 8 | 52 | None | |
| KLAC | KLA Corp | Options Chain | 6.20 | 9.10 | 1.45 | 5.00 | 0.29 | 0.71 | 0 | 12 | -0.30 | -0.14 | 132.71 | 125.00 | 12/24/2026 | No | 12 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.90 | 4.00 | 1.43 | 5.00 | 0.29 | 0.33 | 2 | 5 | -0.26 | -0.06 | 165.56 | 155.00 | 12/24/2026 | No | 11 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.60 | 10.45 | 1.40 | 5.00 | 0.28 | 0.36 | 2 | 2 | -0.29 | -0.18 | 392.00 | 370.00 | 12/24/2026 | No | 10 | 58 | None | |
| NYT | New York Times Co. - Class A | Options Chain | 1.10 | 1.60 | 0.70 | 2.50 | 0.28 | 0.31 | 26 | 3 | -0.27 | -0.03 | 65.00 | 65.00 | 12/18/2026 | Yes | 14 | 61 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.60 | 3.55 | 1.35 | 5.00 | 0.27 | 0.51 | 3 | 0 | -0.24 | -0.07 | 95.72 | 85.00 | 12/24/2026 | Yes | 8 | 61 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.07 | 1.23 | 0.27 | 1.00 | 0.27 | 0.48 | 40 | 2 | -0.26 | -0.02 | 39.18 | 35.00 | 12/24/2026 | Yes | 12 | 58 | None | |
| TTE | TotalEnergies SE | Options Chain | 1.65 | 1.85 | 0.65 | 2.50 | 0.26 | 0.28 | 13 | 2 | -0.30 | -0.04 | 88.75 | 85.00 | 12/18/2026 | No | 10 | 58 | None | |
| MSFT | Microsoft Corporation | Options Chain | 11.05 | 11.60 | 1.28 | 5.00 | 0.26 | 0.32 | 356 | 2933 | -0.30 | -0.26 | 533.00 | 505.00 | 12/18/2026 | No | 14 | 74 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.75 | 0.25 | 1.00 | 0.25 | 0.30 | 1 | 1 | -0.30 | -0.01 | 28.41 | 27.00 | 12/18/2026 | No | 15 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.35 | 13.40 | 1.23 | 5.00 | 0.25 | 0.47 | 39 | 9 | -0.30 | -0.24 | 353.10 | 350.00 | 12/24/2026 | No | 23 | 68 |
Dividend Stock List |
|
| CVX | Chevron Corp | Options Chain | 3.70 | 4.85 | 1.22 | 5.00 | 0.24 | 0.31 | 1 | 5 | -0.28 | -0.08 | 212.93 | 200.00 | 12/24/2026 | No | 11 | 69 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.65 | 1.90 | 0.60 | 2.50 | 0.24 | 0.37 | 4 | 0 | -0.26 | -0.05 | 79.01 | 75.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.83 | 1.19 | 0.24 | 1.00 | 0.24 | 0.40 | 0 | 5 | -0.26 | -0.02 | 42.88 | 39.00 | 12/24/2026 | Yes | 10 | 57 | None | |
| NVO | Novo Nordisk | Options Chain | 0.78 | 1.11 | 0.24 | 1.00 | 0.24 | 0.33 | 26 | 0 | -0.30 | -0.02 | 40.30 | 38.00 | 12/24/2026 | Yes | 11 | 48 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.30 | 6.35 | 1.18 | 5.00 | 0.24 | 0.26 | 1 | 1 | -0.28 | -0.15 | 337.34 | 320.00 | 12/24/2026 | No | 8 | 69 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.05 | 2.30 | 0.58 | 2.50 | 0.23 | 0.51 | 38 | 95 | -0.26 | -0.06 | 71.64 | 67.50 | 12/18/2026 | No | 8 | 55 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.80 | 0.23 | 1.00 | 0.23 | 0.34 | 5 | 8 | -0.24 | -0.02 | 38.83 | 36.00 | 12/18/2026 | No | 15 | 77 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.64 | 1.00 | 0.23 | 1.00 | 0.23 | 0.27 | 6 | 6 | -0.27 | -0.02 | 46.03 | 44.00 | 12/24/2026 | No | 7 | 64 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.20 | 1.40 | 0.67 | 3.00 | 0.22 | 0.40 | 50 | 400 | -0.29 | -0.02 | 46.20 | 45.00 | 12/18/2026 | No | 12 | 66 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.75 | 2.00 | 1.10 | 5.00 | 0.22 | 0.37 | 152 | 321 | -0.27 | -0.05 | 82.11 | 75.00 | 12/18/2026 | Yes | 12 | 55 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.22 | 1.00 | 0.22 | 0.41 | 30 | 27 | -0.26 | -0.01 | 21.65 | 20.00 | 12/18/2026 | Yes | 13 | 67 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.55 | 0.22 | 1.00 | 0.22 | 0.36 | 2 | 1 | -0.27 | -0.01 | 22.82 | 21.00 | 12/18/2026 | No | 16 | 58 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.34 | 0.60 | 0.11 | 0.50 | 0.22 | 0.29 | 3 | 0 | -0.27 | -0.01 | 25.24 | 23.00 | 12/24/2026 | Yes | 7 | 60 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.20 | 1.45 | 0.53 | 2.50 | 0.21 | 0.44 | 510 | 23 | -0.24 | -0.03 | 61.80 | 55.00 | 12/18/2026 | No | 11 | 55 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.81 | 1.15 | 0.21 | 1.00 | 0.21 | 0.30 | 2 | 0 | -0.28 | -0.02 | 49.76 | 47.00 | 12/24/2026 | No | 11 | 73 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 1.85 | 4.90 | 1.00 | 5.00 | 0.20 | 0.36 | 2 | 1 | -0.25 | -0.08 | 179.58 | 165.00 | 12/18/2026 | No | 12 | 74 | None | |
| HD | Home Depot Inc | Options Chain | 6.00 | 8.05 | 1.00 | 5.00 | 0.20 | 0.33 | 1 | 1 | -0.27 | -0.13 | 349.94 | 320.00 | 12/24/2026 | Yes | 10 | 70 | None | |
| GIS | General Mills Inc | Options Chain | 0.55 | 0.70 | 0.45 | 2.50 | 0.18 | 0.38 | 142 | 14 | -0.22 | -0.02 | 36.46 | 32.50 | 12/18/2026 | Yes | 5 | 52 | None | |
| T | AT&T Inc | Options Chain | 0.10 | 0.69 | 0.09 | 0.50 | 0.18 | 0.28 | 0 | 1 | -0.26 | -0.01 | 21.75 | 20.50 | 12/24/2026 | No | 9 | 60 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.30 | 0.49 | 0.17 | 1.00 | 0.17 | 0.28 | 0 | 1 | -0.21 | -0.01 | 31.65 | 28.00 | 12/24/2026 | No | 10 | 59 | None | |
| VTRS | Viatris Inc | Options Chain | 0.20 | 0.40 | 0.17 | 1.00 | 0.17 | 0.35 | 0 | 1 | -0.23 | -0.01 | 18.97 | 18.00 | 12/18/2026 | Yes | 6 | 52 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.85 | 0.90 | 0.40 | 2.50 | 0.16 | 0.31 | 43 | 34 | -0.20 | -0.02 | 70.51 | 65.00 | 12/18/2026 | No | 17 | 57 | None | |
| ALL | Allstate Corp (The) | Options Chain | 2.75 | 3.90 | 1.58 | 10.00 | 0.16 | 0.29 | 7 | 4 | -0.23 | -0.10 | 266.72 | 240.00 | 12/18/2026 | No | 14 | 68 | None | |
| RIO | Rio Tinto plc | Options Chain | 0.80 | 1.65 | 0.38 | 2.50 | 0.15 | 0.32 | 53 | 0 | -0.23 | -0.04 | 83.01 | 77.50 | 12/18/2026 | No | 14 | 74 | None | |
| FAST | Fastenal Company | Options Chain | 0.70 | 0.95 | 0.38 | 2.50 | 0.15 | 0.29 | 7 | 52 | -0.26 | -0.03 | 52.90 | 50.00 | 12/18/2026 | No | 13 | 53 | None | |
| TROW | T. Rowe Price Group Inc | Options Chain | 1.35 | 1.70 | 0.75 | 5.00 | 0.15 | 0.33 | 23 | 15 | -0.22 | -0.04 | 108.17 | 100.00 | 12/18/2026 | No | 19 | 70 |
Dividend Stock List |