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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 1.96 | 2.88 | 0.40 | 1.00 | 0.40 | 0.53 | 5 | 1 | -0.28 | -0.05 | 66.15 | 63.00 | 5/29/2026 | Yes | 11 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 6.05 | 7.25 | 0.82 | 2.50 | 0.33 | 0.54 | 19 | 90 | -0.30 | -0.15 | 137.95 | 157.50 | 5/29/2026 | No | 7 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.70 | 12.35 | 1.60 | 5.00 | 0.32 | 0.45 | 38 | 20 | -0.29 | -0.26 | 366.40 | 350.00 | 5/29/2026 | Yes | 22 | 67 |
Dividend Stock List |
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| WFC | Wells Fargo & Company | Options Chain | 1.34 | 1.75 | 0.31 | 1.00 | 0.31 | 0.30 | 1 | 20 | -0.29 | -0.04 | 86.02 | 76.00 | 5/29/2026 | Yes | 11 | 75 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.41 | 1.73 | 0.31 | 1.00 | 0.31 | 0.38 | 0 | 10 | -0.30 | -0.03 | 58.29 | 53.00 | 5/29/2026 | Yes | 7 | 53 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.10 | 7.65 | 1.50 | 5.00 | 0.30 | 0.60 | 12 | 25 | -0.28 | -0.14 | 181.91 | 160.00 | 5/29/2026 | No | 12 | 53 | None | |
| V | Visa Inc - Class A | Options Chain | 4.65 | 5.35 | 1.41 | 5.00 | 0.28 | 0.27 | 9 | 10 | -0.26 | -0.13 | 308.24 | 300.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 2.35 | 3.30 | 0.28 | 1.00 | 0.28 | 0.32 | 0 | 2 | -0.30 | -0.06 | 128.98 | 119.00 | 5/29/2026 | Yes | 8 | 58 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 4.60 | 5.80 | 1.40 | 5.00 | 0.28 | 0.32 | 4 | 11 | -0.29 | -0.09 | 249.27 | 230.00 | 5/29/2026 | Yes | 8 | 61 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.70 | 6.60 | 1.35 | 5.00 | 0.27 | 0.43 | 0 | 11 | -0.26 | -0.13 | 237.12 | 225.00 | 5/29/2026 | Yes | 10 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.10 | 9.70 | 1.32 | 5.00 | 0.26 | 0.37 | 55 | 124 | -0.27 | -0.21 | 373.10 | 385.00 | 5/29/2026 | Yes | 15 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.15 | 12.35 | 1.32 | 5.00 | 0.26 | 0.48 | 1767 | 7 | -0.29 | -0.30 | 355.50 | 370.00 | 5/22/2026 | No | 10 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.05 | 7.15 | 1.30 | 5.00 | 0.26 | 0.35 | 5 | 16 | -0.27 | -0.17 | 306.34 | 295.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.69 | 2.26 | 0.26 | 1.00 | 0.26 | 0.35 | 4 | 0 | -0.29 | -0.04 | 83.10 | 78.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.32 | 0.62 | 0.25 | 1.00 | 0.25 | 0.31 | 9 | 8 | -0.26 | -0.01 | 26.90 | 24.00 | 5/29/2026 | Yes | 9 | 57 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.85 | 5.45 | 1.23 | 5.00 | 0.25 | 0.23 | 0 | 3 | -0.30 | -0.11 | 309.81 | 295.00 | 5/29/2026 | Yes | 9 | 59 | None | |
| AMAT | Applied Materials Inc | Options Chain | 15.00 | 18.00 | 1.20 | 5.00 | 0.24 | 0.59 | 20 | 3 | -0.29 | -0.31 | 397.90 | 360.00 | 5/29/2026 | Yes | 17 | 65 |
Dividend Stock List |
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| HAL | Halliburton Company | Options Chain | 0.60 | 1.23 | 0.24 | 1.00 | 0.24 | 0.40 | 5 | 0 | -0.27 | -0.02 | 37.49 | 35.00 | 5/29/2026 | Yes | 9 | 62 | None | |
| TGT | Target Corp | Options Chain | 3.15 | 4.10 | 0.24 | 1.00 | 0.24 | 0.43 | 1 | 0 | -0.29 | -0.06 | 123.50 | 114.00 | 5/29/2026 | Yes | 13 | 64 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.33 | 0.66 | 0.23 | 1.00 | 0.23 | 0.26 | 2 | 0 | -0.26 | -0.01 | 32.85 | 30.00 | 5/29/2026 | Yes | 11 | 67 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.23 | 3.25 | 1.10 | 5.00 | 0.22 | 0.31 | 9 | 41 | -0.28 | -0.06 | 154.33 | 140.00 | 5/29/2026 | Yes | 10 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 1.05 | 1.57 | 0.22 | 1.00 | 0.22 | 0.46 | 0 | 62 | -0.30 | -0.03 | 37.42 | 38.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.82 | 1.40 | 0.22 | 1.00 | 0.22 | 0.21 | 4 | 86 | -0.30 | -0.03 | 78.01 | 73.00 | 5/29/2026 | Yes | 9 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.68 | 0.81 | 0.21 | 1.00 | 0.21 | 0.27 | 1 | 14 | -0.28 | -0.02 | 47.85 | 43.00 | 5/29/2026 | Yes | 10 | 73 | None | |
| MS | Morgan Stanley | Options Chain | 2.12 | 4.10 | 1.03 | 5.00 | 0.21 | 0.29 | 5 | 7 | -0.26 | -0.07 | 177.77 | 180.00 | 5/29/2026 | Yes | 13 | 75 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.55 | 4.15 | 0.20 | 1.00 | 0.20 | 0.41 | 1 | 0 | -0.29 | -0.09 | 127.56 | 125.00 | 5/29/2026 | Yes | 11 | 72 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 15.90 | 22.00 | 0.95 | 5.00 | 0.19 | 0.30 | 2 | 0 | -0.30 | -0.45 | 903.80 | 860.00 | 5/29/2026 | Yes | 13 | 75 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.70 | 4.55 | 0.88 | 5.00 | 0.18 | 0.25 | 18 | 32 | -0.25 | -0.12 | 309.90 | 290.00 | 5/29/2026 | Yes | 7 | 70 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.34 | 3.10 | 0.87 | 5.00 | 0.17 | 0.24 | 5 | 9 | -0.24 | -0.07 | 241.50 | 225.00 | 5/29/2026 | Yes | 10 | 66 | None |