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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GRMN | Garmin Ltd | Options Chain | 6.10 | 9.40 | 3.30 | 10.00 | 0.33 | 0.32 | 0 | 64 | -0.23 | -0.10 | 292.00 | 270.00 | 12/18/2026 | Yes | 15 | 55 |
Dividend Stock List |
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| NXPI | NXP Semiconductors NV | Options Chain | 8.10 | 8.80 | 2.90 | 10.00 | 0.29 | 0.43 | 228 | 18 | -0.30 | -0.14 | 253.50 | 230.00 | 12/18/2026 | Yes | 11 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 5.45 | 5.65 | 1.45 | 5.00 | 0.29 | 0.66 | 79 | 22 | -0.25 | -0.11 | 131.56 | 115.00 | 12/18/2026 | Yes | 12 | 73 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.25 | 2.45 | 0.65 | 2.50 | 0.26 | 0.44 | 355 | 0 | -0.28 | -0.05 | 78.21 | 75.00 | 12/18/2026 | Yes | 8 | 55 | None | |
| OKE | Oneok Inc | Options Chain | 1.80 | 2.05 | 0.65 | 2.50 | 0.26 | 0.27 | 5 | 5 | -0.30 | -0.03 | 96.01 | 90.00 | 12/18/2026 | Yes | 11 | 63 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.30 | 1.43 | 0.63 | 2.50 | 0.25 | 0.33 | 0 | 3 | -0.28 | -0.03 | 62.00 | 57.50 | 12/18/2026 | Yes | 16 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.95 | 10.20 | 2.50 | 10.00 | 0.25 | 0.35 | 99 | 64 | -0.28 | -0.21 | 436.87 | 410.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
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| MDT | Medtronic Plc | Options Chain | 1.73 | 1.80 | 0.61 | 2.50 | 0.24 | 0.29 | 3 | 5 | -0.26 | -0.04 | 93.99 | 90.00 | 12/18/2026 | Yes | 14 | 71 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.19 | 1.28 | 0.59 | 2.50 | 0.24 | 0.40 | 33 | 2 | -0.26 | -0.03 | 51.23 | 47.50 | 12/18/2026 | Yes | 10 | 56 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.65 | 1.80 | 0.55 | 2.50 | 0.22 | 0.31 | 4 | 0 | -0.27 | -0.04 | 85.74 | 80.00 | 12/18/2026 | No | 14 | 73 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.65 | 0.75 | 0.22 | 1.00 | 0.22 | 0.27 | 1 | 0 | -0.21 | -0.02 | 53.60 | 50.00 | 12/18/2026 | No | 9 | 72 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.79 | 0.82 | 0.22 | 1.00 | 0.22 | 0.26 | 77 | 215 | -0.26 | -0.02 | 50.68 | 48.00 | 12/18/2026 | No | 12 | 74 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.54 | 0.57 | 0.22 | 1.00 | 0.22 | 0.25 | 2 | 1 | -0.27 | -0.01 | 33.85 | 32.00 | 12/18/2026 | No | 9 | 59 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.45 | 0.22 | 1.00 | 0.22 | 0.26 | 1 | 10 | -0.28 | -0.01 | 21.15 | 20.00 | 12/18/2026 | No | 10 | 58 | None | |
| T | AT&T Inc | Options Chain | 0.40 | 0.43 | 0.22 | 1.00 | 0.22 | 0.28 | 214 | 27 | -0.29 | -0.01 | 20.94 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| VTRS | Viatris Inc | Options Chain | 0.10 | 0.75 | 0.20 | 1.00 | 0.20 | 0.36 | 0 | 1 | -0.22 | -0.01 | 18.72 | 17.00 | 12/18/2026 | Yes | 6 | 51 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.41 | 0.42 | 0.20 | 1.00 | 0.20 | 0.34 | 24 | 0 | -0.23 | -0.01 | 21.94 | 20.00 | 12/18/2026 | No | 16 | 70 | None | |
| PCG | PG&E Corp | Options Chain | 0.34 | 0.38 | 0.19 | 1.00 | 0.19 | 0.45 | 44 | 273 | -0.26 | -0.01 | 12.96 | 12.00 | 12/18/2026 | No | 9 | 54 | None | |
| NVO | Novo Nordisk | Options Chain | 0.73 | 0.76 | 0.47 | 2.50 | 0.19 | 0.37 | 16 | 5 | -0.22 | -0.02 | 38.67 | 35.00 | 12/18/2026 | Yes | 14 | 59 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.28 | 0.78 | 0.18 | 1.00 | 0.18 | 0.20 | 0 | 21 | -0.29 | -0.01 | 37.22 | 36.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.99 | 1.07 | 0.44 | 2.50 | 0.18 | 0.23 | 35 | 7 | -0.25 | -0.02 | 82.55 | 77.50 | 12/18/2026 | No | 11 | 72 | None | |
| IP | International Paper Company | Options Chain | 0.70 | 0.90 | 0.42 | 2.50 | 0.17 | 0.42 | 4 | 9 | -0.23 | -0.01 | 33.38 | 30.00 | 12/18/2026 | Yes | 6 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 0.94 | 0.41 | 2.50 | 0.16 | 0.20 | 47 | 173 | -0.23 | -0.02 | 91.18 | 87.50 | 12/18/2026 | Yes | 9 | 61 | None |