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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RRC | Range Resources Corp | Options Chain | 1.30 | 2.00 | 0.45 | 1.00 | 0.45 | 0.44 | 0 | 2 | -0.28 | -0.03 | 47.65 | 44.00 | 5/15/2026 | Yes | 16 | 62 | None | |
| EQNR | Equinor ASA | Options Chain | 1.65 | 1.75 | 0.37 | 1.00 | 0.37 | 0.54 | 6 | 0 | -0.30 | -0.03 | 41.12 | 38.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 4.50 | 5.00 | 1.70 | 5.00 | 0.34 | 0.70 | 1 | 2 | -0.29 | -0.08 | 89.17 | 80.00 | 5/15/2026 | Yes | 16 | 60 |
Dividend Stock List |
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| DELL | Dell Technologies Inc - Class C | Options Chain | 6.50 | 6.90 | 1.55 | 5.00 | 0.31 | 0.57 | 105 | 127 | -0.27 | -0.12 | 171.81 | 155.00 | 5/15/2026 | No | 14 | 61 | None | |
| GLW | Corning Inc | Options Chain | 6.95 | 7.45 | 1.52 | 5.00 | 0.30 | 0.75 | 50 | 33 | -0.27 | -0.12 | 136.44 | 120.00 | 5/15/2026 | Yes | 9 | 57 | None | |
| APA | APA Corporation | Options Chain | 1.94 | 2.21 | 0.75 | 2.50 | 0.30 | 0.63 | 818 | 3 | -0.29 | -0.03 | 44.39 | 40.00 | 5/15/2026 | Yes | 9 | 58 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.92 | 0.97 | 0.29 | 1.00 | 0.29 | 0.54 | 14 | 42 | -0.28 | -0.02 | 25.23 | 22.00 | 5/15/2026 | No | 8 | 53 | None | |
| HPQ | HP Inc | Options Chain | 0.65 | 0.80 | 0.29 | 1.00 | 0.29 | 0.49 | 205 | 10760 | -0.30 | -0.01 | 19.44 | 18.00 | 5/15/2026 | No | 10 | 42 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 10.00 | 10.65 | 2.88 | 10.00 | 0.29 | 0.51 | 380 | 213 | -0.30 | -0.19 | 268.05 | 240.00 | 5/15/2026 | Yes | 12 | 66 | None | |
| V | Visa Inc - Class A | Options Chain | 7.50 | 7.90 | 1.42 | 5.00 | 0.28 | 0.35 | 44 | 122 | -0.30 | -0.15 | 295.52 | 280.00 | 5/15/2026 | Yes | 10 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.15 | 10.50 | 1.40 | 5.00 | 0.28 | 0.40 | 277 | 1346 | -0.29 | -0.21 | 356.77 | 335.00 | 5/15/2026 | Yes | 15 | 72 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.95 | 3.30 | 0.70 | 2.50 | 0.28 | 0.58 | 2 | 28 | -0.27 | -0.06 | 77.71 | 72.50 | 5/15/2026 | Yes | 7 | 57 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 3.00 | 3.20 | 1.35 | 5.00 | 0.27 | 0.67 | 140 | 9 | -0.27 | -0.06 | 67.23 | 60.00 | 5/15/2026 | Yes | 5 | 51 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 5.40 | 5.80 | 1.35 | 5.00 | 0.27 | 0.66 | 141 | 6 | -0.27 | -0.10 | 123.62 | 110.00 | 5/15/2026 | Yes | 9 | 58 | None | |
| HAL | Halliburton Company | Options Chain | 1.16 | 1.28 | 0.27 | 1.00 | 0.27 | 0.46 | 1 | 17 | -0.27 | -0.02 | 40.42 | 37.00 | 5/15/2026 | Yes | 9 | 64 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.20 | 2.50 | 0.67 | 2.50 | 0.27 | 0.44 | 11 | 0 | -0.30 | -0.04 | 69.19 | 65.00 | 5/15/2026 | No | 10 | 56 | None | |
| DOW | Dow Inc | Options Chain | 1.62 | 1.70 | 0.66 | 2.50 | 0.26 | 0.55 | 20 | 39 | -0.29 | -0.03 | 40.82 | 37.50 | 5/15/2026 | Yes | 6 | 47 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.50 | 12.00 | 2.60 | 10.00 | 0.26 | 0.51 | 1288 | 4692 | -0.28 | -0.23 | 326.74 | 300.00 | 5/15/2026 | Yes | 22 | 67 |
Dividend Stock List |
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| ORCL | Oracle Corp | Options Chain | 5.30 | 5.45 | 1.30 | 5.00 | 0.26 | 0.59 | 420 | 840 | -0.26 | -0.10 | 139.66 | 125.00 | 5/15/2026 | No | 9 | 66 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 5.40 | 6.00 | 1.30 | 5.00 | 0.26 | 0.44 | 11 | 14 | -0.27 | -0.11 | 202.89 | 185.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.12 | 2.30 | 0.26 | 1.00 | 0.26 | 0.61 | 517 | 4 | -0.26 | -0.04 | 56.40 | 50.00 | 5/15/2026 | Yes | 11 | 59 | None | |
| GPN | Global Payments Inc | Options Chain | 2.50 | 2.95 | 1.28 | 5.00 | 0.26 | 0.58 | 193 | 15 | -0.28 | -0.06 | 65.90 | 60.00 | 5/15/2026 | Yes | 9 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.80 | 1.94 | 0.64 | 2.50 | 0.26 | 0.45 | 102 | 68 | -0.26 | -0.04 | 65.32 | 60.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| AA | Alcoa Corp | Options Chain | 2.50 | 2.74 | 1.25 | 5.00 | 0.25 | 0.76 | 16 | 19 | -0.24 | -0.06 | 58.41 | 50.00 | 5/15/2026 | Yes | 13 | 51 | None | |
| LIN | Linde Plc. | Options Chain | 9.10 | 9.90 | 1.25 | 5.00 | 0.25 | 0.29 | 8 | 5 | -0.28 | -0.21 | 491.12 | 465.00 | 5/15/2026 | Yes | 8 | 63 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.70 | 1.00 | 0.25 | 1.00 | 0.25 | 0.54 | 31 | 14 | -0.28 | -0.02 | 23.20 | 21.00 | 5/15/2026 | Yes | 8 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.50 | 1.63 | 0.62 | 2.50 | 0.25 | 0.35 | 49 | 50 | -0.30 | -0.02 | 58.54 | 55.00 | 5/15/2026 | Yes | 15 | 60 | None | |
| C | Citigroup Inc | Options Chain | 3.30 | 3.50 | 0.61 | 2.50 | 0.24 | 0.49 | 69 | 277 | -0.26 | -0.06 | 107.38 | 97.50 | 5/15/2026 | Yes | 14 | 81 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 4.10 | 4.30 | 1.21 | 5.00 | 0.24 | 0.36 | 278 | 317 | -0.28 | -0.08 | 170.99 | 160.00 | 5/15/2026 | Yes | 11 | 71 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.34 | 2.46 | 0.60 | 2.50 | 0.24 | 0.61 | 72 | 93 | -0.25 | -0.05 | 64.83 | 57.50 | 5/15/2026 | Yes | 16 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 1.02 | 1.11 | 0.24 | 1.00 | 0.24 | 0.31 | 197 | 17427 | -0.27 | -0.01 | 50.31 | 47.00 | 5/15/2026 | Yes | 9 | 74 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.45 | 9.90 | 2.35 | 10.00 | 0.24 | 0.53 | 334 | 947 | -0.25 | -0.21 | 300.68 | 270.00 | 5/15/2026 | No | 9 | 65 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.46 | 1 | 0 | -0.23 | -0.01 | 22.13 | 20.00 | 5/15/2026 | Yes | 14 | 68 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.46 | 0.66 | 0.23 | 1.00 | 0.23 | 0.24 | 93 | 27 | -0.23 | -0.01 | 39.28 | 37.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.75 | 0.23 | 1.00 | 0.23 | 0.56 | 13 | 0 | -0.24 | -0.01 | 20.24 | 18.00 | 5/15/2026 | Yes | 15 | 47 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 7.65 | 8.30 | 1.10 | 5.00 | 0.22 | 0.38 | 84 | 80 | -0.30 | -0.14 | 282.84 | 265.00 | 5/15/2026 | Yes | 9 | 79 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.27 | 1.38 | 0.55 | 2.50 | 0.22 | 0.44 | 17 | 95 | -0.25 | -0.03 | 52.07 | 47.50 | 5/15/2026 | Yes | 9 | 63 | None | |
| RF | Regions Financial Corp | Options Chain | 0.55 | 0.75 | 0.22 | 1.00 | 0.22 | 0.43 | 1 | 0 | -0.25 | -0.02 | 25.16 | 23.00 | 5/15/2026 | Yes | 13 | 60 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.65 | 0.71 | 0.22 | 1.00 | 0.22 | 0.30 | 37 | 1 | -0.28 | -0.01 | 34.25 | 32.00 | 5/15/2026 | Yes | 10 | 60 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.91 | 1.14 | 0.54 | 2.50 | 0.22 | 0.43 | 9 | 3 | -0.23 | -0.02 | 45.20 | 40.00 | 5/15/2026 | Yes | 12 | 72 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.08 | 2.20 | 0.54 | 2.50 | 0.22 | 0.46 | 148 | 100 | -0.25 | -0.04 | 77.19 | 70.00 | 5/15/2026 | Yes | 12 | 76 | None | |
| KO | Coca-Cola Company | Options Chain | 1.35 | 1.42 | 0.53 | 2.50 | 0.21 | 0.26 | 323 | 215 | -0.29 | -0.03 | 74.80 | 72.50 | 5/15/2026 | Yes | 8 | 62 | None | |
| DUK | Duke Energy Corp | Options Chain | 2.05 | 2.80 | 1.05 | 5.00 | 0.21 | 0.25 | 11 | 5 | -0.30 | -0.05 | 129.99 | 125.00 | 5/15/2026 | Yes | 8 | 75 | None | |
| KEY | Keycorp | Options Chain | 0.46 | 0.64 | 0.21 | 1.00 | 0.21 | 0.42 | 34 | 2 | -0.28 | -0.01 | 19.45 | 18.00 | 5/15/2026 | Yes | 14 | 67 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 0.80 | 0.20 | 1.00 | 0.20 | 0.48 | 1 | 3 | -0.23 | -0.02 | 26.82 | 24.00 | 5/15/2026 | Yes | 11 | 56 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.71 | 1.91 | 0.49 | 2.50 | 0.20 | 0.41 | 140 | 130 | -0.24 | -0.04 | 79.92 | 72.50 | 5/15/2026 | Yes | 7 | 59 | None | |
| WMT | Walmart Inc | Options Chain | 2.27 | 2.48 | 0.96 | 5.00 | 0.19 | 0.32 | 380 | 928 | -0.27 | -0.06 | 122.42 | 115.00 | 5/15/2026 | No | 9 | 56 | None | |
| TGT | Target Corp | Options Chain | 2.39 | 2.58 | 0.95 | 5.00 | 0.19 | 0.37 | 143 | 51 | -0.25 | -0.05 | 116.80 | 110.00 | 5/15/2026 | No | 11 | 57 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.35 | 0.50 | 0.18 | 1.00 | 0.18 | 0.42 | 1 | 12 | -0.28 | -0.01 | 15.08 | 14.00 | 5/15/2026 | Yes | 10 | 67 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.60 | 0.75 | 0.18 | 1.00 | 0.18 | 0.45 | 1 | 0 | -0.29 | -0.01 | 21.65 | 20.00 | 5/15/2026 | Yes | 10 | 66 | None | |
| EXC | Exelon Corp | Options Chain | 0.70 | 1.05 | 0.18 | 1.00 | 0.18 | 0.27 | 20 | 2 | -0.30 | -0.02 | 48.32 | 46.00 | 5/15/2026 | Yes | 10 | 69 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.25 | 0.17 | 1.00 | 0.17 | 0.49 | 0 | 2 | -0.26 | -0.02 | 37.79 | 34.00 | 5/15/2026 | Yes | 14 | 78 | None | |
| OKE | Oneok Inc | Options Chain | 1.60 | 2.05 | 0.83 | 5.00 | 0.17 | 0.38 | 26 | 10 | -0.22 | -0.03 | 93.96 | 85.00 | 5/15/2026 | Yes | 11 | 74 | None | |
| BTI | British American Tobacco Plc | Options Chain | 1.00 | 1.30 | 0.80 | 5.00 | 0.16 | 0.29 | 58 | 6 | -0.28 | -0.02 | 57.80 | 55.00 | 5/15/2026 | Yes | 13 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.27 | 0.15 | 1.00 | 0.15 | 0.47 | 429 | 73 | -0.22 | -0.01 | 11.37 | 10.00 | 5/15/2026 | Yes | 8 | 47 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.44 | 4 | 0 | -0.24 | 0.00 | 11.52 | 10.00 | 5/15/2026 | Yes | 16 | 56 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.70 | 0.90 | 0.15 | 1.00 | 0.15 | 0.40 | 0 | 3 | -0.26 | -0.02 | 36.31 | 33.00 | 5/15/2026 | Yes | 15 | 69 | None |