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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KO | Coca-Cola Company | Options Chain | 0.83 | 1.53 | 0.60 | 1.00 | 0.60 | 0.22 | 3 | 0 | -0.30 | -0.02 | 77.97 | 75.00 | 3/27/2026 | Yes | 9 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.65 | 8.60 | 2.13 | 5.00 | 0.43 | 0.36 | 8 | 9 | -0.29 | -0.12 | 276.08 | 260.00 | 3/27/2026 | No | 12 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.20 | 15.35 | 1.73 | 5.00 | 0.35 | 0.59 | 20 | 52 | -0.29 | -0.29 | 333.50 | 315.00 | 3/27/2026 | Yes | 12 | 67 | None | |
| SLB | SLB | Options Chain | 0.75 | 1.47 | 0.32 | 1.00 | 0.32 | 0.36 | 0 | 1 | -0.27 | -0.02 | 50.70 | 47.00 | 3/27/2026 | No | 8 | 65 | None | |
| C | Citigroup Inc | Options Chain | 2.45 | 2.88 | 0.32 | 1.00 | 0.32 | 0.31 | 3 | 0 | -0.29 | -0.06 | 122.69 | 118.00 | 3/27/2026 | No | 14 | 76 | None | |
| ORCL | Oracle Corp | Options Chain | 7.20 | 8.25 | 1.55 | 5.00 | 0.31 | 0.71 | 27 | 58 | -0.27 | -0.15 | 142.82 | 140.00 | 3/27/2026 | Yes | 11 | 66 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 3.10 | 3.80 | 1.55 | 5.00 | 0.31 | 0.41 | 28 | 24 | -0.29 | -0.08 | 129.50 | 120.00 | 3/20/2026 | Yes | 14 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.20 | 6.60 | 1.52 | 5.00 | 0.30 | 0.25 | 11 | 2 | -0.30 | -0.13 | 322.10 | 310.00 | 3/27/2026 | No | 7 | 70 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.20 | 2.70 | 0.75 | 2.50 | 0.30 | 0.38 | 113 | 10 | -0.26 | -0.03 | 93.41 | 90.00 | 3/20/2026 | Yes | 12 | 72 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.40 | 4.80 | 1.45 | 5.00 | 0.29 | 0.49 | 45 | 94 | -0.29 | -0.11 | 138.50 | 135.00 | 3/20/2026 | No | 9 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.30 | 12.10 | 1.45 | 5.00 | 0.29 | 0.42 | 5 | 25 | -0.30 | -0.23 | 349.95 | 335.00 | 3/27/2026 | No | 20 | 62 |
Dividend Stock List |
|
| GM | General Motors Company | Options Chain | 1.29 | 2.02 | 0.29 | 1.00 | 0.29 | 0.33 | 7 | 1 | -0.28 | -0.04 | 84.24 | 76.00 | 3/27/2026 | No | 12 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.65 | 1.38 | 0.28 | 1.00 | 0.28 | 0.26 | 34 | 0 | -0.27 | -0.02 | 61.75 | 58.00 | 3/27/2026 | No | 13 | 60 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.75 | 2.41 | 0.28 | 1.00 | 0.28 | 0.41 | 6 | 3 | -0.28 | -0.04 | 75.39 | 70.00 | 3/27/2026 | No | 10 | 58 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.45 | 3.30 | 0.28 | 1.00 | 0.28 | 0.81 | 8 | 22 | -0.29 | -0.06 | 49.47 | 47.00 | 3/20/2026 | Yes | 15 | 54 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.60 | 0.28 | 1.00 | 0.28 | 0.43 | 41 | 27 | -0.29 | -0.01 | 16.98 | 16.00 | 3/20/2026 | Yes | 11 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.90 | 8.35 | 1.38 | 5.00 | 0.28 | 0.28 | 87 | 58 | -0.29 | -0.17 | 403.15 | 395.00 | 3/27/2026 | No | 15 | 72 | None | |
| INTU | Intuit Inc | Options Chain | 15.20 | 18.10 | 2.70 | 10.00 | 0.27 | 0.55 | 1 | 0 | -0.29 | -0.37 | 445.03 | 400.00 | 3/27/2026 | Yes | 13 | 68 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.80 | 6.85 | 1.35 | 5.00 | 0.27 | 0.32 | 8 | 7 | -0.29 | -0.12 | 298.85 | 280.00 | 3/27/2026 | No | 12 | 71 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.12 | 1.20 | 0.27 | 1.00 | 0.27 | 0.21 | 7 | 9 | -0.26 | -0.01 | 46.25 | 45.00 | 3/27/2026 | No | 8 | 62 | None | |
| WMT | Walmart Inc | Options Chain | 2.41 | 2.94 | 0.27 | 1.00 | 0.27 | 0.31 | 4 | 1 | -0.29 | -0.06 | 130.98 | 122.00 | 3/27/2026 | Yes | 9 | 55 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.15 | 1.60 | 0.65 | 2.50 | 0.26 | 0.31 | 44 | 11 | -0.30 | -0.03 | 64.42 | 62.50 | 3/20/2026 | No | 8 | 55 | None | |
| BCS | Barclays plc | Options Chain | 0.65 | 0.80 | 0.25 | 1.00 | 0.25 | 0.42 | 5 | 5 | -0.30 | -0.01 | 26.20 | 25.00 | 3/20/2026 | Yes | 13 | 47 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.89 | 1.08 | 0.25 | 1.00 | 0.25 | 0.25 | 2 | 6 | -0.30 | -0.02 | 56.53 | 54.00 | 3/27/2026 | No | 12 | 74 | None | |
| NDAQ | Nasdaq Inc - 144A | Options Chain | 1.55 | 1.95 | 0.60 | 2.50 | 0.24 | 0.31 | 4 | 306 | -0.30 | -0.04 | 84.87 | 82.50 | 3/20/2026 | No | 10 | 67 | None | |
| FAST | Fastenal Company | Options Chain | 0.60 | 1.00 | 0.30 | 1.25 | 0.24 | 0.26 | 7 | 10 | -0.30 | -0.02 | 47.98 | 45.00 | 3/20/2026 | No | 15 | 53 | None | |
| V | Visa Inc - Class A | Options Chain | 4.10 | 5.20 | 1.12 | 5.00 | 0.22 | 0.24 | 11 | 10 | -0.27 | -0.12 | 331.71 | 310.00 | 3/27/2026 | No | 10 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.40 | 3.70 | 1.12 | 5.00 | 0.22 | 0.35 | 4 | 4 | -0.28 | -0.07 | 137.20 | 130.00 | 3/27/2026 | No | 10 | 65 | None | |
| HAS | Hasbro Inc | Options Chain | 1.85 | 2.75 | 0.55 | 2.50 | 0.22 | 0.39 | 6 | 2 | -0.28 | -0.05 | 94.99 | 90.00 | 3/20/2026 | Yes | 8 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.81 | 1.38 | 0.22 | 1.00 | 0.22 | 0.33 | 40 | 80 | -0.30 | -0.02 | 46.30 | 44.00 | 3/27/2026 | Yes | 7 | 58 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.20 | 0.22 | 1.00 | 0.22 | 0.36 | 15 | 0 | -0.30 | -0.03 | 42.40 | 40.00 | 3/20/2026 | No | 13 | 76 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 22.25 | 27.75 | 1.07 | 5.00 | 0.21 | 0.34 | 3 | 0 | -0.30 | -0.57 | 1,068.53 | 990.00 | 3/27/2026 | Yes | 9 | 63 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.30 | 0.55 | 0.20 | 1.00 | 0.20 | 0.31 | 8 | 0 | -0.27 | -0.01 | 22.19 | 21.00 | 3/27/2026 | Yes | 19 | 53 | None | |
| TRV | Travelers Companies Inc | Options Chain | 4.10 | 5.00 | 1.97 | 10.00 | 0.20 | 0.26 | 73 | 117 | -0.28 | -0.12 | 301.49 | 280.00 | 3/20/2026 | No | 18 | 72 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.42 | 4.10 | 0.98 | 5.00 | 0.20 | 0.35 | 2 | 1 | -0.25 | -0.08 | 194.40 | 175.00 | 3/20/2026 | Yes | 10 | 52 | None | |
| ZBH | Zimmer Biomet Holdings Inc | Options Chain | 1.60 | 2.35 | 0.98 | 5.00 | 0.20 | 0.36 | 167 | 1501 | -0.29 | -0.05 | 90.47 | 85.00 | 3/20/2026 | Yes | 8 | 54 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.45 | 1.91 | 0.19 | 1.00 | 0.19 | 0.28 | 4 | 0 | -0.27 | -0.04 | 93.96 | 90.00 | 3/27/2026 | No | 11 | 75 | None | |
| KEY | Keycorp | Options Chain | 0.39 | 0.45 | 0.19 | 1.00 | 0.19 | 0.28 | 14 | 1 | -0.30 | -0.01 | 23.21 | 22.00 | 3/20/2026 | No | 10 | 59 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.75 | 0.18 | 1.00 | 0.18 | 0.40 | 5 | 1 | -0.27 | -0.01 | 27.18 | 25.00 | 3/20/2026 | No | 7 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.22 | 0.45 | 0.17 | 1.00 | 0.17 | 0.25 | 11 | 1 | -0.22 | -0.01 | 30.99 | 29.00 | 3/27/2026 | No | 11 | 67 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.60 | 0.17 | 1.00 | 0.17 | 0.30 | 10 | 2 | -0.25 | -0.01 | 30.93 | 29.00 | 3/20/2026 | No | 15 | 69 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.55 | 2.20 | 0.85 | 5.00 | 0.17 | 0.30 | 5 | 0 | -0.22 | -0.06 | 138.00 | 130.00 | 3/20/2026 | No | 11 | 62 | None | |
| AEP | American Electric Power Company Inc | Options Chain | 1.35 | 1.90 | 0.83 | 5.00 | 0.17 | 0.23 | 21 | 39 | -0.24 | -0.03 | 120.60 | 115.00 | 3/20/2026 | Yes | 10 | 75 | None | |
| UL | Unilever plc | Options Chain | 0.75 | 0.85 | 0.40 | 2.50 | 0.16 | 0.24 | 494 | 127 | -0.24 | -0.02 | 72.22 | 67.50 | 3/20/2026 | Yes | 7 | 58 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.10 | 1.45 | 0.40 | 2.50 | 0.16 | 0.21 | 0 | 1 | -0.29 | -0.04 | 96.68 | 95.00 | 3/20/2026 | Yes | 12 | 67 | None | |
| T | AT&T Inc | Options Chain | 0.23 | 0.54 | 0.08 | 0.50 | 0.16 | 0.22 | 0 | 24 | -0.27 | -0.01 | 27.13 | 26.00 | 3/27/2026 | No | 9 | 58 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 1.58 | 1.67 | 0.78 | 5.00 | 0.16 | 0.39 | 36 | 2 | -0.22 | -0.05 | 99.51 | 90.00 | 3/20/2026 | No | 5 | 47 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.14 | 0.54 | 0.15 | 1.00 | 0.15 | 0.17 | 0 | 5 | -0.25 | -0.01 | 34.95 | 34.00 | 3/27/2026 | No | 7 | 58 | None |