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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VST | Vistra Corp | Options Chain | 6.90 | 7.45 | 1.95 | 5.00 | 0.39 | 0.54 | 111 | 484 | -0.27 | -0.10 | 139.59 | 115.00 | 12/18/2026 | Yes | 7 | 54 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.80 | 15.25 | 3.35 | 10.00 | 0.34 | 0.39 | 222 | 117 | -0.29 | -0.23 | 404.80 | 380.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 6.45 | 6.85 | 1.60 | 5.00 | 0.32 | 0.55 | 41 | 49 | -0.28 | -0.12 | 163.00 | 155.00 | 12/18/2026 | Yes | 10 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 6.10 | 6.30 | 1.60 | 5.00 | 0.32 | 0.68 | 236 | 143 | -0.30 | -0.13 | 126.19 | 115.00 | 12/18/2026 | Yes | 9 | 65 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.75 | 0.79 | 0.31 | 1.00 | 0.31 | 0.27 | 0 | 5 | -0.25 | -0.01 | 32.87 | 31.00 | 12/18/2026 | No | 10 | 59 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 2.35 | 2.60 | 0.70 | 2.50 | 0.28 | 0.47 | 416 | 5 | -0.28 | -0.06 | 83.99 | 72.50 | 12/18/2026 | No | 11 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.42 | 1.51 | 0.65 | 2.50 | 0.26 | 0.38 | 15 | 41 | -0.29 | -0.03 | 60.43 | 55.00 | 12/18/2026 | Yes | 10 | 62 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.10 | 4.35 | 1.26 | 5.00 | 0.25 | 0.23 | 59 | 124 | -0.30 | -0.08 | 263.04 | 265.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.92 | 0.95 | 0.25 | 1.00 | 0.25 | 0.26 | 198 | 233 | -0.29 | -0.02 | 49.66 | 49.00 | 12/18/2026 | No | 11 | 73 | None | |
| MO | Altria Group Inc | Options Chain | 1.26 | 1.34 | 0.61 | 2.50 | 0.24 | 0.23 | 28 | 5 | -0.29 | -0.03 | 76.45 | 75.00 | 12/18/2026 | No | 10 | 66 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.15 | 1.50 | 0.48 | 2.00 | 0.24 | 0.37 | 17 | 574 | -0.26 | -0.03 | 52.79 | 47.00 | 12/18/2026 | No | 12 | 67 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.65 | 1.85 | 0.57 | 2.50 | 0.23 | 0.36 | 1 | 0 | -0.27 | -0.04 | 78.13 | 75.00 | 12/18/2026 | Yes | 9 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.50 | 1.55 | 0.56 | 2.50 | 0.22 | 0.27 | 93 | 478 | -0.30 | -0.03 | 85.53 | 82.50 | 12/18/2026 | No | 13 | 75 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.92 | 3.10 | 1.10 | 5.00 | 0.22 | 0.32 | 611 | 60 | -0.26 | -0.07 | 179.67 | 160.00 | 12/18/2026 | No | 11 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.87 | 0.92 | 0.55 | 2.50 | 0.22 | 0.34 | 415 | 609 | -0.25 | -0.02 | 40.19 | 40.00 | 12/18/2026 | Yes | 11 | 48 | None | |
| EXC | Exelon Corp | Options Chain | 0.35 | 0.75 | 0.22 | 1.00 | 0.22 | 0.21 | 4 | 0 | -0.23 | -0.01 | 45.50 | 43.00 | 12/18/2026 | No | 8 | 59 | None | |
| MMM | 3M Company | Options Chain | 2.64 | 3.30 | 1.09 | 5.00 | 0.22 | 0.26 | 15 | 7 | -0.23 | -0.06 | 179.00 | 180.00 | 12/18/2026 | No | 10 | 66 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.10 | 2.30 | 1.07 | 5.00 | 0.21 | 0.45 | 95 | 62 | -0.26 | -0.05 | 83.18 | 80.00 | 12/18/2026 | Yes | 12 | 55 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.85 | 1.23 | 0.52 | 2.50 | 0.21 | 0.41 | 1 | 0 | -0.21 | -0.03 | 47.62 | 42.50 | 12/18/2026 | Yes | 10 | 57 | None | |
| APA | APA Corporation | Options Chain | 0.96 | 1.22 | 0.51 | 2.50 | 0.20 | 0.49 | 18 | 6 | -0.22 | -0.03 | 47.77 | 40.00 | 12/18/2026 | Yes | 10 | 63 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.00 | 1.20 | 0.47 | 2.50 | 0.19 | 0.33 | 7 | 0 | -0.24 | -0.03 | 70.60 | 65.00 | 12/18/2026 | Yes | 17 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.10 | 6.50 | 1.87 | 10.00 | 0.19 | 0.35 | 10 | 51 | -0.26 | -0.18 | 399.24 | 370.00 | 12/18/2026 | No | 10 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 1.87 | 2.01 | 0.92 | 5.00 | 0.18 | 0.33 | 286 | 1185 | -0.22 | -0.06 | 124.86 | 120.00 | 12/18/2026 | Yes | 7 | 57 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.95 | 1.20 | 0.45 | 2.50 | 0.18 | 0.26 | 2 | 1 | -0.28 | -0.02 | 64.37 | 62.50 | 12/18/2026 | No | 13 | 68 | None | |
| SIRI | Sirius XM Holdings Inc | Options Chain | 0.23 | 0.70 | 0.18 | 1.00 | 0.18 | 0.29 | 20 | 6 | -0.23 | -0.01 | 30.52 | 30.00 | 12/18/2026 | No | 11 | 64 | None | |
| PCG | PG&E Corp | Options Chain | 0.32 | 0.37 | 0.18 | 1.00 | 0.18 | 0.48 | 14 | 4 | -0.26 | -0.01 | 13.29 | 12.00 | 12/18/2026 | No | 11 | 63 | None | |
| BKNG | Booking Holdings Inc | Options Chain | 3.60 | 4.40 | 0.35 | 2.00 | 0.17 | 0.40 | 39 | 6 | -0.29 | -0.08 | 155.67 | 160.00 | 12/18/2026 | Yes | 13 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 0.84 | 0.91 | 0.42 | 2.50 | 0.17 | 0.21 | 23 | 5 | -0.24 | -0.02 | 94.80 | 90.00 | 12/18/2026 | No | 9 | 61 | None | |
| AEP | American Electric Power Company Inc | Options Chain | 1.30 | 1.95 | 0.83 | 5.00 | 0.17 | 0.25 | 17 | 217 | -0.25 | -0.03 | 129.86 | 120.00 | 12/18/2026 | No | 9 | 74 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.69 | 1.79 | 0.82 | 5.00 | 0.16 | 0.20 | 19 | 35 | -0.25 | -0.06 | 161.45 | 160.00 | 12/18/2026 | No | 9 | 67 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 5 | -0.18 | -0.02 | 53.93 | 50.00 | 12/18/2026 | No | 8 | 64 | None | |
| KEY | Keycorp | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.28 | 3 | 0 | -0.26 | -0.01 | 21.15 | 20.00 | 12/18/2026 | No | 10 | 58 | None |