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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 8.60 | 8.85 | 1.78 | 5.00 | 0.36 | 0.65 | 587 | 218 | -0.30 | -0.15 | 164.03 | 150.00 | 3/20/2026 | Yes | 10 | 66 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.60 | 3.20 | 0.35 | 1.00 | 0.35 | 0.73 | 3 | 26 | -0.29 | -0.05 | 63.29 | 48.00 | 3/20/2026 | Yes | 14 | 55 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 4.40 | 5.20 | 1.52 | 5.00 | 0.30 | 0.67 | 10 | 4 | -0.30 | -0.08 | 92.87 | 85.00 | 3/20/2026 | Yes | 18 | 65 | None | |
| WSM | Williams-Sonoma Inc | Options Chain | 6.90 | 7.60 | 1.45 | 5.00 | 0.29 | 0.50 | 0 | 2 | -0.29 | -0.14 | 204.65 | 195.00 | 3/20/2026 | Yes | 13 | 57 | None | |
| HAL | Halliburton Company | Options Chain | 0.72 | 1.02 | 0.28 | 1.00 | 0.28 | 0.38 | 1 | 26 | -0.29 | -0.02 | 33.52 | 31.00 | 3/20/2026 | No | 7 | 56 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.90 | 1.05 | 0.28 | 1.00 | 0.28 | 0.32 | 37 | 0 | -0.29 | -0.02 | 42.02 | 40.00 | 3/20/2026 | No | 13 | 76 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 3.75 | 4.15 | 1.39 | 5.00 | 0.28 | 0.48 | 32 | 79 | -0.27 | -0.08 | 115.39 | 110.00 | 3/20/2026 | Yes | 4 | 48 | None | |
| HPQ | HP Inc | Options Chain | 0.65 | 0.70 | 0.27 | 1.00 | 0.27 | 0.51 | 38 | 3 | -0.28 | -0.01 | 19.44 | 18.00 | 3/20/2026 | Yes | 9 | 39 | None | |
| TGT | Target Corp | Options Chain | 3.15 | 3.30 | 1.32 | 5.00 | 0.26 | 0.46 | 538 | 210 | -0.27 | -0.06 | 105.47 | 100.00 | 3/20/2026 | Yes | 9 | 57 | None | |
| GM | General Motors Company | Options Chain | 1.90 | 2.00 | 0.64 | 2.50 | 0.26 | 0.32 | 160 | 23 | -0.30 | -0.04 | 83.85 | 80.00 | 3/20/2026 | No | 10 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.50 | 8.95 | 2.53 | 10.00 | 0.25 | 0.38 | 389 | 168 | -0.27 | -0.19 | 330.56 | 320.00 | 3/20/2026 | No | 22 | 67 |
Dividend Stock List |
|
| DAL | Delta Air Lines Inc | Options Chain | 1.95 | 2.04 | 0.60 | 2.50 | 0.24 | 0.40 | 82 | 76 | -0.30 | -0.04 | 65.89 | 65.00 | 3/20/2026 | No | 16 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.20 | 5.60 | 2.32 | 10.00 | 0.23 | 0.31 | 296 | 398 | -0.27 | -0.11 | 286.93 | 270.00 | 3/20/2026 | No | 10 | 58 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 0.75 | 0.23 | 1.00 | 0.23 | 0.22 | 41 | 0 | -0.30 | -0.01 | 44.78 | 42.00 | 3/20/2026 | Yes | 11 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.75 | 4.95 | 1.15 | 5.00 | 0.23 | 0.24 | 94 | 179 | -0.28 | -0.12 | 305.42 | 295.00 | 3/20/2026 | No | 8 | 79 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 4.00 | 4.20 | 1.15 | 5.00 | 0.23 | 0.36 | 21 | 3 | -0.28 | -0.07 | 176.19 | 165.00 | 3/20/2026 | Yes | 9 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.30 | 3.40 | 1.09 | 5.00 | 0.22 | 0.41 | 94 | 94 | -0.25 | -0.07 | 151.44 | 140.00 | 3/20/2026 | Yes | 10 | 64 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.00 | 1.15 | 0.53 | 2.50 | 0.21 | 0.30 | 39 | 14 | -0.23 | -0.02 | 66.92 | 62.50 | 3/20/2026 | Yes | 13 | 54 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.61 | 1.78 | 1.05 | 5.00 | 0.21 | 0.49 | 194 | 3324 | -0.24 | -0.04 | 60.23 | 55.00 | 3/20/2026 | No | 11 | 55 | None | |
| V | Visa Inc - Class A | Options Chain | 4.65 | 4.85 | 1.05 | 5.00 | 0.21 | 0.22 | 62 | 55 | -0.29 | -0.11 | 321.83 | 320.00 | 3/20/2026 | No | 11 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.34 | 0.35 | 0.21 | 1.00 | 0.21 | 0.33 | 488 | 73 | -0.29 | 0.00 | 13.88 | 13.00 | 3/20/2026 | Yes | 12 | 49 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.35 | 1.55 | 0.52 | 2.50 | 0.21 | 0.32 | 5 | 0 | -0.25 | -0.03 | 82.06 | 77.50 | 3/20/2026 | Yes | 16 | 70 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 5.20 | 5.80 | 2.05 | 10.00 | 0.20 | 0.45 | 71 | 16 | -0.23 | -0.13 | 226.14 | 210.00 | 3/20/2026 | Yes | 9 | 66 | None | |
| BCE | BCE Inc | Options Chain | 0.20 | 0.45 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 1 | -0.23 | -0.01 | 25.87 | 24.00 | 3/20/2026 | Yes | 14 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.49 | 0.54 | 0.20 | 1.00 | 0.20 | 0.18 | 1489 | 11088 | -0.28 | -0.01 | 44.04 | 43.00 | 3/20/2026 | Yes | 15 | 73 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.38 | 10 | 61 | -0.29 | -0.01 | 19.72 | 18.00 | 3/20/2026 | Yes | 15 | 63 | None | |
| ABT | Abbott Laboratories | Options Chain | 1.57 | 1.62 | 0.98 | 5.00 | 0.20 | 0.22 | 227 | 32 | -0.27 | -0.04 | 109.30 | 105.00 | 3/20/2026 | No | 10 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.44 | 1.48 | 0.49 | 2.50 | 0.20 | 0.27 | 155 | 116 | -0.27 | -0.03 | 90.34 | 87.50 | 3/20/2026 | No | 11 | 66 | None | |
| GPN | Global Payments Inc | Options Chain | 1.55 | 2.05 | 0.97 | 5.00 | 0.19 | 0.48 | 11 | 3 | -0.24 | -0.04 | 71.74 | 65.00 | 3/20/2026 | Yes | 12 | 62 | None | |
| C | Citigroup Inc | Options Chain | 2.15 | 2.18 | 0.97 | 5.00 | 0.19 | 0.31 | 177 | 289 | -0.26 | -0.06 | 115.71 | 110.00 | 3/20/2026 | No | 13 | 69 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.20 | 1.35 | 0.48 | 2.50 | 0.19 | 0.38 | 13 | 60 | -0.22 | -0.02 | 68.73 | 62.50 | 3/20/2026 | Yes | 11 | 64 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.28 | 1.36 | 0.48 | 2.50 | 0.19 | 0.32 | 206 | 184 | -0.23 | -0.04 | 78.32 | 75.00 | 3/20/2026 | Yes | 8 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.85 | 0.93 | 0.48 | 2.50 | 0.19 | 0.28 | 27 | 26 | -0.26 | -0.03 | 55.05 | 52.50 | 3/20/2026 | Yes | 10 | 56 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.91 | 1.96 | 0.95 | 5.00 | 0.19 | 0.32 | 148 | 300 | -0.24 | -0.04 | 110.27 | 105.00 | 3/20/2026 | Yes | 11 | 65 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.35 | 2.75 | 0.92 | 5.00 | 0.18 | 0.35 | 1 | 3 | -0.28 | -0.06 | 119.26 | 115.00 | 3/20/2026 | Yes | 9 | 59 | None | |
| EQNR | Equinor ASA | Options Chain | 0.35 | 0.50 | 0.18 | 1.00 | 0.18 | 0.32 | 25 | 0 | -0.23 | -0.01 | 26.85 | 24.00 | 3/20/2026 | Yes | 11 | 61 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.40 | 0 | 1 | -0.23 | -0.01 | 27.29 | 25.00 | 3/20/2026 | No | 7 | 55 | None | |
| KO | Coca-Cola Company | Options Chain | 0.89 | 0.95 | 0.44 | 2.50 | 0.18 | 0.20 | 184 | 414 | -0.30 | -0.02 | 74.81 | 72.50 | 3/20/2026 | Yes | 9 | 70 | None | |
| CLX | Clorox Company | Options Chain | 1.45 | 2.05 | 0.87 | 5.00 | 0.17 | 0.33 | 56 | 4 | -0.23 | -0.05 | 112.76 | 105.00 | 3/20/2026 | Yes | 9 | 43 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.30 | 0.17 | 1.00 | 0.17 | 0.37 | 0 | 6 | -0.23 | -0.01 | 12.79 | 12.00 | 3/20/2026 | Yes | 13 | 51 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.37 | 63 | 0 | -0.28 | -0.01 | 17.58 | 17.00 | 3/20/2026 | No | 11 | 50 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.75 | 0.85 | 0.41 | 2.50 | 0.16 | 0.23 | 51 | 31 | -0.26 | -0.01 | 51.42 | 50.00 | 3/20/2026 | No | 14 | 76 | None | |
| WMT | Walmart Inc | Options Chain | 1.76 | 1.82 | 0.80 | 5.00 | 0.16 | 0.30 | 859 | 713 | -0.22 | -0.05 | 119.05 | 115.00 | 3/20/2026 | Yes | 9 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.40 | 0.24 | 1.50 | 0.16 | 0.30 | 70 | 95 | -0.22 | -0.01 | 29.75 | 27.50 | 3/20/2026 | No | 10 | 59 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.80 | 2.88 | 1.54 | 10.00 | 0.15 | 0.21 | 133 | 116 | -0.27 | -0.06 | 227.25 | 220.00 | 3/20/2026 | No | 12 | 72 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.28 | 0 | 5 | -0.30 | -0.01 | 17.48 | 17.00 | 3/20/2026 | No | 10 | 66 | None |