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 | 1.66 | 3.35 | 0.58 | 1.00 | 0.58 | 0.30 | 23 | 32 | -0.30 | -0.06 | 116.92 | 113.00 | 11/27/2026 | Yes | 8 | 55 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.05 | 1.80 | 0.45 | 1.00 | 0.45 | 0.31 | 2 | 10 | -0.28 | -0.03 | 73.75 | 66.00 | 11/27/2026 | Yes | 8 | 69 | None | |
| T | AT&T Inc | Options Chain | 0.26 | 0.73 | 0.22 | 0.50 | 0.44 | 0.29 | 2 | 3 | -0.30 | -0.01 | 23.50 | 22.50 | 11/27/2026 | Yes | 11 | 60 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.96 | 1.94 | 0.43 | 1.00 | 0.43 | 0.36 | 0 | 1 | -0.28 | -0.04 | 60.00 | 58.00 | 11/27/2026 | Yes | 16 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 5.70 | 7.55 | 2.03 | 5.00 | 0.41 | 0.42 | 13 | 5 | -0.28 | -0.15 | 234.43 | 230.00 | 11/27/2026 | No | 15 | 70 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 5.70 | 0.40 | 1.00 | 0.40 | 0.55 | 20 | 0 | -0.30 | -0.11 | 134.47 | 125.00 | 11/27/2026 | No | 7 | 62 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.13 | 1.50 | 0.39 | 1.00 | 0.39 | 0.35 | 5 | 0 | -0.28 | -0.03 | 60.67 | 57.00 | 11/27/2026 | Yes | 12 | 70 | None | |
| GLW | Corning Inc | Options Chain | 4.75 | 5.95 | 1.93 | 5.00 | 0.39 | 0.60 | 22 | 3 | -0.27 | -0.11 | 136.85 | 125.00 | 11/27/2026 | Yes | 8 | 52 | None | |
| COST | Costco Wholesale Corp | Options Chain | 9.25 | 15.15 | 1.92 | 5.00 | 0.38 | 0.19 | 1 | 1 | -0.30 | -0.35 | 982.64 | 950.00 | 11/27/2026 | No | 14 | 62 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 6.95 | 1.91 | 5.00 | 0.38 | 0.23 | 21 | 21 | -0.30 | -0.14 | 335.53 | 325.00 | 11/27/2026 | No | 10 | 80 | None | |
| KO | Coca-Cola Company | Options Chain | 0.98 | 2.01 | 0.35 | 1.00 | 0.35 | 0.23 | 4 | 25 | -0.28 | -0.04 | 92.00 | 89.00 | 11/27/2026 | Yes | 9 | 61 | None | |
| APA | APA Corporation | Options Chain | 1.37 | 1.75 | 0.34 | 1.00 | 0.34 | 0.46 | 6 | 1 | -0.30 | -0.03 | 47.82 | 44.00 | 11/27/2026 | Yes | 14 | 72 | None | |
| KR | Kroger Company | Options Chain | 0.56 | 1.47 | 0.33 | 1.00 | 0.33 | 0.29 | 0 | 1 | -0.26 | -0.02 | 62.75 | 59.00 | 11/27/2026 | No | 10 | 50 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.86 | 2.58 | 0.33 | 1.00 | 0.33 | 0.47 | 4 | 3 | -0.28 | -0.05 | 69.20 | 65.00 | 11/27/2026 | Yes | 10 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 10.15 | 1.53 | 5.00 | 0.31 | 0.32 | 59 | 219 | -0.30 | -0.22 | 430.00 | 405.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 6.70 | 8.25 | 1.48 | 5.00 | 0.30 | 0.27 | 40 | 23 | -0.30 | -0.18 | 396.00 | 390.00 | 11/27/2026 | No | 13 | 65 | None | |
| CVX | Chevron Corp | Options Chain | 2.61 | 4.10 | 1.47 | 5.00 | 0.29 | 0.30 | 2 | 3 | -0.24 | -0.07 | 224.28 | 205.00 | 11/27/2026 | Yes | 12 | 76 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.89 | 1.23 | 0.29 | 1.00 | 0.29 | 0.37 | 0 | 1 | -0.26 | -0.03 | 50.20 | 46.00 | 11/27/2026 | Yes | 13 | 65 | None | |
| HD | Home Depot Inc | Options Chain | 3.90 | 6.40 | 1.41 | 5.00 | 0.28 | 0.31 | 7 | 4 | -0.25 | -0.15 | 295.40 | 290.00 | 11/27/2026 | Yes | 8 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.31 | 0.89 | 0.28 | 1.00 | 0.28 | 0.43 | 2 | 3 | -0.25 | -0.01 | 21.14 | 20.00 | 11/27/2026 | Yes | 12 | 61 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.28 | 2.11 | 0.28 | 1.00 | 0.28 | 0.35 | 0 | 3 | -0.28 | -0.04 | 76.75 | 73.00 | 11/27/2026 | No | 13 | 66 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.29 | 2.14 | 0.28 | 1.00 | 0.28 | 0.27 | 3 | 0 | -0.29 | -0.04 | 97.34 | 90.00 | 11/27/2026 | Yes | 16 | 71 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 4.40 | 5.00 | 1.40 | 5.00 | 0.28 | 0.34 | 6 | 5 | -0.30 | -0.09 | 188.45 | 185.00 | 11/27/2026 | Yes | 10 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.80 | 0.95 | 0.26 | 1.00 | 0.26 | 0.37 | 45 | 22 | -0.28 | -0.02 | 37.14 | 35.00 | 11/27/2026 | No | 14 | 60 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.90 | 5.70 | 1.27 | 5.00 | 0.25 | 0.40 | 1 | 1 | -0.26 | -0.11 | 234.12 | 215.00 | 11/27/2026 | Yes | 9 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.75 | 0.25 | 1.00 | 0.25 | 0.27 | 5 | 0 | -0.24 | -0.02 | 44.42 | 42.00 | 11/27/2026 | Yes | 8 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.31 | 3.65 | 1.22 | 5.00 | 0.24 | 0.29 | 10 | 10 | -0.27 | -0.06 | 178.81 | 165.00 | 11/27/2026 | Yes | 12 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 0.87 | 1.10 | 0.23 | 1.00 | 0.23 | 0.38 | 0 | 20 | -0.29 | -0.02 | 39.22 | 37.00 | 11/27/2026 | Yes | 11 | 50 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.35 | 12.00 | 1.15 | 5.00 | 0.23 | 0.29 | 2 | 13 | -0.30 | -0.24 | 539.44 | 515.00 | 11/27/2026 | Yes | 11 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.72 | 3.40 | 1.10 | 5.00 | 0.22 | 0.25 | 25 | 44 | -0.23 | -0.09 | 256.99 | 240.00 | 11/27/2026 | No | 9 | 66 | None | |
| F | Ford Motor Company | Options Chain | 0.27 | 0.30 | 0.11 | 0.50 | 0.22 | 0.36 | 6 | 42 | -0.28 | 0.00 | 12.01 | 11.50 | 11/27/2026 | Yes | 9 | 51 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.34 | 3.05 | 1.09 | 5.00 | 0.22 | 0.23 | 52 | 34 | -0.23 | -0.09 | 242.50 | 230.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| MS | Morgan Stanley | Options Chain | 2.44 | 3.10 | 0.96 | 5.00 | 0.19 | 0.30 | 1 | 3 | -0.24 | -0.07 | 182.10 | 170.00 | 11/27/2026 | Yes | 10 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.62 | 0.92 | 0.18 | 1.00 | 0.18 | 0.22 | 19 | 4 | -0.29 | -0.02 | 51.39 | 50.00 | 11/27/2026 | No | 11 | 74 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.01 | 1.63 | 0.17 | 1.00 | 0.17 | 0.25 | 0 | 4 | -0.29 | -0.03 | 80.91 | 79.00 | 11/27/2026 | No | 15 | 75 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.74 | 1.59 | 0.16 | 1.00 | 0.16 | 0.26 | 0 | 1 | -0.27 | -0.03 | 78.21 | 75.00 | 11/27/2026 | Yes | 10 | 71 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.80 | 6.55 | 0.78 | 5.00 | 0.16 | 0.48 | 1 | 16 | -0.29 | -0.14 | 169.29 | 165.00 | 11/27/2026 | Yes | 10 | 63 | None |