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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CVE | Cenovus Energy Inc | Options Chain | 0.75 | 1.95 | 0.75 | 1.00 | 0.75 | 0.40 | 2 | 0 | -0.27 | -0.02 | 32.10 | 30.00 | 12/18/2026 | No | 13 | 68 | None | |
| FAST | Fastenal Company | Options Chain | 0.30 | 1.35 | 0.53 | 1.25 | 0.42 | 0.31 | 3 | 1 | -0.18 | -0.01 | 52.01 | 47.50 | 12/18/2026 | No | 13 | 53 | None | |
| SKYD | Skydance Corp - Class B | Options Chain | 0.63 | 0.88 | 0.41 | 1.00 | 0.41 | 0.60 | 35 | 471 | -0.19 | 0.00 | 7.90 | 8.00 | 12/18/2026 | No | 5 | 42 | None | |
| HPQ | HP Inc | Options Chain | 1.03 | 1.50 | 0.38 | 1.00 | 0.38 | 0.53 | 12 | 1 | -0.26 | -0.02 | 33.64 | 30.00 | 12/18/2026 | No | 10 | 46 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.30 | 1.70 | 0.35 | 1.00 | 0.35 | 0.48 | 2 | 0 | -0.29 | -0.02 | 41.07 | 37.00 | 12/18/2026 | No | 20 | 67 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 25.10 | 26.45 | 3.48 | 10.00 | 0.35 | 0.69 | 35 | 32 | -0.29 | -0.41 | 456.44 | 410.00 | 12/18/2026 | No | 14 | 59 | None | |
| VST | Vistra Corp | Options Chain | 5.85 | 6.10 | 1.63 | 5.00 | 0.33 | 0.51 | 112 | 53 | -0.30 | -0.10 | 140.16 | 130.00 | 12/18/2026 | No | 8 | 60 | None | |
| SHW | Sherwin-Williams Company | Options Chain | 6.50 | 9.30 | 3.10 | 10.00 | 0.31 | 0.30 | 2 | 7 | -0.29 | -0.15 | 347.42 | 320.00 | 12/18/2026 | No | 9 | 58 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.45 | 6.90 | 1.53 | 5.00 | 0.31 | 0.51 | 9 | 76 | -0.28 | -0.10 | 175.91 | 160.00 | 12/18/2026 | No | 12 | 70 | None | |
| GLW | Corning Inc | Options Chain | 4.80 | 5.50 | 1.47 | 5.00 | 0.29 | 0.59 | 139 | 39 | -0.26 | -0.09 | 123.69 | 110.00 | 12/18/2026 | No | 8 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.75 | 6.20 | 1.43 | 5.00 | 0.29 | 0.35 | 119 | 117 | -0.27 | -0.09 | 251.00 | 235.00 | 12/18/2026 | No | 9 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 11.95 | 12.60 | 1.43 | 5.00 | 0.29 | 0.31 | 128 | 273 | -0.29 | -0.22 | 522.00 | 495.00 | 12/18/2026 | No | 11 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 5.45 | 1.38 | 5.00 | 0.28 | 0.65 | 367 | 2585 | -0.25 | -0.10 | 125.01 | 110.00 | 12/18/2026 | No | 13 | 73 | None | |
| PAYX | Paychex Inc | Options Chain | 2.30 | 3.70 | 1.37 | 5.00 | 0.27 | 0.34 | 8 | 0 | -0.28 | -0.04 | 118.04 | 110.00 | 12/18/2026 | No | 12 | 66 | None | |
| OKE | Oneok Inc | Options Chain | 2.05 | 2.40 | 0.68 | 2.50 | 0.27 | 0.31 | 8 | 25 | -0.29 | -0.03 | 94.41 | 90.00 | 12/18/2026 | No | 14 | 71 | None | |
| GE | General Electric Company | Options Chain | 7.00 | 7.40 | 2.65 | 10.00 | 0.27 | 0.33 | 132 | 86 | -0.29 | -0.13 | 292.82 | 270.00 | 12/18/2026 | No | 8 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.65 | 1.81 | 0.66 | 2.50 | 0.26 | 0.36 | 80 | 11 | -0.29 | -0.03 | 62.83 | 60.00 | 12/18/2026 | No | 12 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.25 | 10.90 | 2.60 | 10.00 | 0.26 | 0.36 | 325 | 190 | -0.27 | -0.20 | 418.51 | 390.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 5.80 | 6.85 | 1.30 | 5.00 | 0.26 | 0.24 | 57 | 209 | -0.30 | -0.13 | 331.58 | 320.00 | 12/18/2026 | No | 10 | 78 | None | |
| EQT | EQT Corp | Options Chain | 1.30 | 1.46 | 0.65 | 2.50 | 0.26 | 0.32 | 154 | 14976 | -0.30 | -0.02 | 54.52 | 52.50 | 12/18/2026 | No | 11 | 60 | None | |
| HAL | Halliburton Company | Options Chain | 0.68 | 0.88 | 0.26 | 1.00 | 0.26 | 0.37 | 10 | 306 | -0.24 | -0.01 | 34.92 | 32.00 | 12/18/2026 | No | 10 | 48 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 2.72 | 3.10 | 0.26 | 1.00 | 0.26 | 0.69 | 41 | 0 | -0.27 | -0.05 | 54.86 | 50.00 | 12/18/2026 | No | 12 | 59 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.23 | 2.34 | 1.27 | 5.00 | 0.25 | 0.47 | 246 | 170 | -0.28 | -0.04 | 65.18 | 60.00 | 12/18/2026 | No | 10 | 58 | None | |
| EQNR | Equinor ASA | Options Chain | 1.10 | 1.65 | 0.25 | 1.00 | 0.25 | 0.39 | 6 | 0 | -0.28 | -0.02 | 48.82 | 45.00 | 12/18/2026 | No | 10 | 52 | None | |
| RF | Regions Financial Corp | Options Chain | 0.25 | 0.90 | 0.25 | 1.00 | 0.25 | 0.25 | 0 | 1 | -0.30 | -0.01 | 28.47 | 27.00 | 12/18/2026 | No | 17 | 68 | None | |
| CVX | Chevron Corp | Options Chain | 5.05 | 5.45 | 2.47 | 10.00 | 0.25 | 0.30 | 543 | 173 | -0.29 | -0.08 | 227.10 | 220.00 | 12/18/2026 | No | 13 | 76 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 2.56 | 3.20 | 0.58 | 2.50 | 0.23 | 0.41 | 33 | 46 | -0.26 | -0.06 | 104.80 | 97.50 | 12/18/2026 | No | 10 | 67 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.45 | 3.65 | 1.14 | 5.00 | 0.23 | 0.31 | 292 | 227 | -0.25 | -0.06 | 178.66 | 170.00 | 12/18/2026 | No | 13 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.40 | 7.75 | 2.25 | 10.00 | 0.23 | 0.30 | 539 | 153 | -0.25 | -0.14 | 418.09 | 390.00 | 12/18/2026 | No | 10 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 4.40 | 4.80 | 2.20 | 10.00 | 0.22 | 0.25 | 150 | 225 | -0.27 | -0.08 | 263.81 | 250.00 | 12/18/2026 | No | 9 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.35 | 1.48 | 0.55 | 2.50 | 0.22 | 0.39 | 94 | 137 | -0.27 | -0.02 | 51.39 | 47.50 | 12/18/2026 | No | 13 | 65 | None | |
| GIS | General Mills Inc | Options Chain | 0.80 | 1.00 | 0.55 | 2.50 | 0.22 | 0.34 | 149 | 190 | -0.30 | -0.02 | 34.39 | 32.50 | 12/18/2026 | No | 5 | 51 | None | |
| T | AT&T Inc | Options Chain | 0.44 | 0.47 | 0.22 | 1.00 | 0.22 | 0.28 | 1032 | 344 | -0.30 | -0.01 | 20.93 | 20.00 | 12/18/2026 | No | 10 | 60 | None | |
| HD | Home Depot Inc | Options Chain | 6.25 | 7.80 | 1.08 | 5.00 | 0.22 | 0.31 | 51 | 56 | -0.28 | -0.12 | 319.83 | 300.00 | 12/18/2026 | No | 10 | 70 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.55 | 4.10 | 1.07 | 5.00 | 0.21 | 0.24 | 72 | 213 | -0.27 | -0.07 | 252.30 | 235.00 | 12/18/2026 | No | 9 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.40 | 1.55 | 0.53 | 2.50 | 0.21 | 0.27 | 116 | 160 | -0.27 | -0.03 | 82.39 | 77.50 | 12/18/2026 | No | 15 | 74 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.10 | 1.27 | 0.51 | 2.50 | 0.20 | 0.23 | 104 | 45 | -0.26 | -0.02 | 81.98 | 77.50 | 12/18/2026 | No | 7 | 63 | None | |
| IP | International Paper Company | Options Chain | 0.75 | 1.15 | 0.50 | 2.50 | 0.20 | 0.43 | 5 | 2 | -0.26 | -0.01 | 33.19 | 30.00 | 12/18/2026 | No | 6 | 60 | None | |
| UL | Unilever plc | Options Chain | 1.00 | 1.15 | 0.50 | 2.50 | 0.20 | 0.25 | 1 | 0 | -0.28 | -0.02 | 66.23 | 62.50 | 12/18/2026 | No | 12 | 66 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.44 | 0.62 | 0.20 | 1.00 | 0.20 | 0.27 | 95 | 8 | -0.24 | -0.01 | 34.43 | 32.00 | 12/18/2026 | No | 10 | 59 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.70 | 0.20 | 1.00 | 0.20 | 0.22 | 3 | 0 | -0.25 | -0.01 | 44.43 | 42.00 | 12/18/2026 | No | 8 | 59 | None | |
| KEY | Keycorp | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.26 | 1 | 2 | -0.30 | -0.01 | 21.08 | 20.00 | 12/18/2026 | No | 15 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.88 | 2.07 | 0.49 | 2.50 | 0.20 | 0.42 | 257 | 7 | -0.24 | -0.04 | 76.78 | 70.00 | 12/18/2026 | No | 12 | 66 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.95 | 2.10 | 0.95 | 5.00 | 0.19 | 0.19 | 1595 | 972 | -0.27 | -0.05 | 161.02 | 155.00 | 12/18/2026 | No | 8 | 67 | None | |
| SLB | SLB | Options Chain | 0.91 | 1.01 | 0.47 | 2.50 | 0.19 | 0.37 | 54 | 45 | -0.21 | -0.02 | 49.84 | 47.50 | 12/18/2026 | No | 6 | 56 | None | |
| KO | Coca-Cola Company | Options Chain | 1.13 | 1.25 | 0.46 | 2.50 | 0.18 | 0.22 | 154 | 134 | -0.26 | -0.02 | 92.71 | 87.50 | 12/18/2026 | No | 9 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.62 | 0.97 | 0.18 | 1.00 | 0.18 | 0.28 | 109 | 63 | -0.26 | -0.02 | 44.66 | 42.00 | 12/18/2026 | No | 10 | 73 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.49 | 0.52 | 0.18 | 1.00 | 0.18 | 0.35 | 39 | 102 | -0.26 | -0.01 | 22.79 | 21.00 | 12/18/2026 | No | 15 | 68 | None | |
| WMT | Walmart Inc | Options Chain | 1.60 | 1.85 | 0.86 | 5.00 | 0.17 | 0.30 | 721 | 249 | -0.21 | -0.04 | 119.89 | 110.00 | 12/18/2026 | No | 9 | 57 | None | |
| ECL | Ecolab Inc | Options Chain | 3.10 | 5.30 | 1.65 | 10.00 | 0.16 | 0.26 | 2 | 2 | -0.24 | -0.10 | 295.00 | 270.00 | 12/18/2026 | No | 8 | 62 | None | |
| C | Citigroup Inc | Options Chain | 1.71 | 1.83 | 0.82 | 5.00 | 0.16 | 0.31 | 345 | 134 | -0.20 | -0.04 | 120.62 | 110.00 | 12/18/2026 | No | 17 | 79 | None | |
| GM | General Motors Company | Options Chain | 1.26 | 1.54 | 0.41 | 2.50 | 0.16 | 0.32 | 85 | 188 | -0.23 | -0.03 | 77.25 | 70.00 | 12/18/2026 | No | 12 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.69 | 0.84 | 0.40 | 2.50 | 0.16 | 0.36 | 31 | 372 | -0.27 | -0.01 | 32.61 | 30.00 | 12/18/2026 | No | 8 | 52 | None | |
| NVO | Novo Nordisk | Options Chain | 0.61 | 0.67 | 0.39 | 2.50 | 0.16 | 0.37 | 73 | 3 | -0.19 | -0.02 | 39.05 | 35.00 | 12/18/2026 | No | 14 | 59 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 0.85 | 1.10 | 0.75 | 5.00 | 0.15 | 0.31 | 12 | 21 | -0.26 | -0.02 | 49.00 | 45.00 | 12/18/2026 | No | 8 | 54 | None |