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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JBHT | J.B. Hunt Transport Services Inc | Options Chain | 3.20 | 5.30 | 2.35 | 5.00 | 0.47 | 0.39 | 163 | 95 | -0.25 | -0.11 | 189.77 | 185.00 | 1/16/2026 | Yes | 11 | 54 | None | |
| TGT | Target Corp | Options Chain | 1.55 | 2.13 | 0.47 | 1.00 | 0.47 | 0.34 | 5 | 2 | -0.28 | -0.04 | 93.66 | 89.00 | 1/23/2026 | No | 12 | 66 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.59 | 2.53 | 0.46 | 1.00 | 0.46 | 0.44 | 1 | 4 | -0.28 | -0.04 | 67.41 | 65.00 | 1/23/2026 | Yes | 12 | 65 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.60 | 2.40 | 0.45 | 1.00 | 0.45 | 0.57 | 21 | 0 | -0.29 | -0.05 | 48.41 | 45.00 | 1/23/2026 | No | 19 | 61 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.64 | 2.24 | 0.37 | 1.00 | 0.37 | 0.45 | 2 | 23 | -0.28 | -0.05 | 63.33 | 61.00 | 1/23/2026 | Yes | 8 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 8.25 | 9.75 | 1.75 | 5.00 | 0.35 | 0.57 | 20 | 71 | -0.29 | -0.18 | 221.53 | 205.00 | 1/23/2026 | Yes | 8 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.25 | 8.80 | 1.60 | 5.00 | 0.32 | 0.39 | 16 | 14 | -0.30 | -0.18 | 304.10 | 295.00 | 1/23/2026 | Yes | 22 | 74 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 12.25 | 13.05 | 1.45 | 5.00 | 0.29 | 0.48 | 59 | 63 | -0.28 | -0.28 | 406.29 | 380.00 | 1/23/2026 | Yes | 8 | 66 | None | |
| C | Citigroup Inc | Options Chain | 2.09 | 2.59 | 0.28 | 1.00 | 0.28 | 0.32 | 5 | 12 | -0.29 | -0.05 | 109.43 | 106.00 | 1/23/2026 | Yes | 15 | 78 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.35 | 0.60 | 0.25 | 1.00 | 0.25 | 0.26 | 71 | 203 | -0.26 | -0.01 | 29.06 | 28.00 | 1/16/2026 | No | 10 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.49 | 1.92 | 0.25 | 1.00 | 0.25 | 0.30 | 3 | 3 | -0.27 | -0.04 | 88.74 | 86.00 | 1/23/2026 | Yes | 11 | 75 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.15 | 2.45 | 0.62 | 2.50 | 0.25 | 0.49 | 58 | 68 | -0.27 | -0.05 | 59.58 | 57.50 | 1/16/2026 | Yes | 14 | 65 | None | |
| NVO | Novo Nordisk | Options Chain | 0.95 | 1.37 | 0.24 | 1.00 | 0.24 | 0.38 | 7 | 29 | -0.28 | -0.03 | 46.36 | 46.00 | 1/23/2026 | No | 14 | 67 | None | |
| VST | Vistra Corp | Options Chain | 4.25 | 5.35 | 1.17 | 5.00 | 0.23 | 0.50 | 2 | 1 | -0.26 | -0.10 | 164.81 | 150.00 | 1/23/2026 | No | 7 | 58 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.24 | 1.78 | 0.23 | 1.00 | 0.23 | 0.19 | 2 | 0 | -0.25 | -0.05 | 154.47 | 150.00 | 1/23/2026 | No | 11 | 61 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.85 | 1.19 | 0.23 | 1.00 | 0.23 | 0.27 | 2 | 0 | -0.29 | -0.01 | 51.56 | 51.00 | 1/23/2026 | Yes | 15 | 73 | None | |
| INFY | Infosys Ltd | Options Chain | 0.40 | 0.45 | 0.23 | 1.00 | 0.23 | 0.38 | 180 | 58 | -0.30 | -0.01 | 17.75 | 17.00 | 1/16/2026 | Yes | 16 | 54 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.85 | 6.55 | 1.15 | 5.00 | 0.23 | 0.36 | 2 | 28 | -0.26 | -0.16 | 323.09 | 305.00 | 1/23/2026 | Yes | 12 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.90 | 8.20 | 1.15 | 5.00 | 0.23 | 0.24 | 172 | 46 | -0.28 | -0.20 | 492.02 | 460.00 | 1/23/2026 | No | 14 | 69 | None | |
| SYF | Synchrony Financial | Options Chain | 1.30 | 1.70 | 0.55 | 2.50 | 0.22 | 0.33 | 2 | 0 | -0.29 | -0.04 | 81.00 | 80.00 | 1/16/2026 | No | 16 | 71 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.44 | 0.57 | 0.22 | 1.00 | 0.22 | 0.22 | 43 | 5 | -0.27 | -0.01 | 40.24 | 38.00 | 1/23/2026 | Yes | 15 | 64 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.91 | 1.09 | 0.22 | 1.00 | 0.22 | 0.28 | 20 | 11 | -0.28 | -0.02 | 53.55 | 52.00 | 1/23/2026 | Yes | 12 | 74 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.00 | 5.90 | 1.05 | 5.00 | 0.21 | 0.26 | 3 | 6 | -0.29 | -0.11 | 300.40 | 295.00 | 1/23/2026 | Yes | 11 | 78 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.20 | 5.80 | 1.05 | 5.00 | 0.21 | 0.33 | 0 | 10 | -0.30 | -0.11 | 230.81 | 225.00 | 1/23/2026 | Yes | 9 | 68 | None | |
| SLB | SLB | Options Chain | 0.61 | 0.92 | 0.21 | 1.00 | 0.21 | 0.35 | 4 | 0 | -0.26 | -0.02 | 38.45 | 37.00 | 1/23/2026 | Yes | 12 | 69 | None | |
| GM | General Motors Company | Options Chain | 1.40 | 1.65 | 0.21 | 1.00 | 0.21 | 0.30 | 1 | 10 | -0.29 | -0.04 | 77.16 | 77.00 | 1/23/2026 | No | 11 | 70 | None | |
| HPQ | HP Inc | Options Chain | 0.46 | 0.60 | 0.21 | 1.00 | 0.21 | 0.31 | 0 | 1 | -0.29 | -0.01 | 25.38 | 24.00 | 1/23/2026 | No | 11 | 50 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 3.10 | 3.80 | 1.00 | 5.00 | 0.20 | 0.39 | 36 | 101 | -0.20 | -0.09 | 217.99 | 200.00 | 1/16/2026 | No | 12 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.15 | 0.25 | 0.10 | 0.50 | 0.20 | 0.31 | 94 | 34 | -0.22 | -0.01 | 13.08 | 12.50 | 1/23/2026 | No | 16 | 54 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.87 | 2.50 | 0.99 | 5.00 | 0.20 | 0.23 | 107 | 22 | -0.30 | -0.06 | 138.62 | 135.00 | 1/23/2026 | No | 12 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.85 | 2.20 | 0.19 | 1.00 | 0.19 | 0.24 | 11 | 0 | -0.29 | -0.04 | 115.06 | 110.00 | 1/23/2026 | No | 9 | 59 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.04 | 2.74 | 0.94 | 5.00 | 0.19 | 0.22 | 59 | 0 | -0.22 | -0.07 | 199.96 | 195.00 | 1/23/2026 | No | 12 | 76 | None | |
| HD | Home Depot Inc | Options Chain | 5.05 | 6.40 | 0.88 | 5.00 | 0.18 | 0.23 | 2 | 9 | -0.30 | -0.14 | 345.27 | 340.00 | 1/23/2026 | No | 7 | 60 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.15 | 0.35 | 0.17 | 1.00 | 0.17 | 0.31 | 75 | 21 | -0.22 | 0.00 | 14.79 | 14.00 | 1/16/2026 | No | 11 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.49 | 0.77 | 0.17 | 1.00 | 0.17 | 0.17 | 15 | 28 | -0.25 | -0.02 | 70.09 | 68.00 | 1/23/2026 | No | 9 | 70 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.65 | 0.85 | 0.17 | 1.00 | 0.17 | 0.34 | 10 | 0 | -0.30 | -0.03 | 42.34 | 42.00 | 1/16/2026 | No | 9 | 71 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 1.65 | 1.90 | 0.23 | 1.41 | 0.16 | 0.61 | 46 | 4 | -0.30 | -0.04 | 44.61 | 43.00 | 1/16/2026 | No | 14 | 49 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.70 | 0.80 | 0.40 | 2.50 | 0.16 | 0.26 | 85 | 213 | -0.26 | -0.03 | 58.86 | 57.50 | 1/16/2026 | Yes | 12 | 62 | None | |
| T | AT&T Inc | Options Chain | 0.24 | 0.39 | 0.16 | 1.00 | 0.16 | 0.24 | 31 | 60 | -0.24 | -0.01 | 24.53 | 23.00 | 1/23/2026 | No | 14 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.53 | 3.80 | 0.77 | 5.00 | 0.15 | 0.30 | 0 | 2 | -0.24 | -0.09 | 175.75 | 170.00 | 1/23/2026 | No | 12 | 67 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.40 | 0.55 | 0.15 | 1.00 | 0.15 | 0.37 | 9 | 11 | -0.22 | -0.01 | 26.54 | 25.00 | 1/16/2026 | No | 15 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.30 | 5 | 5 | -0.28 | -0.01 | 26.41 | 26.00 | 1/16/2026 | Yes | 13 | 70 | None |