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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMKR | AMKOR Technology Inc | Options Chain | 2.75 | 3.50 | 0.53 | 1.00 | 0.53 | 0.90 | 5 | 5 | -0.29 | -0.06 | 41.15 | 40.00 | 5/15/2026 | Yes | 16 | 50 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.80 | 3.10 | 0.37 | 1.00 | 0.37 | 0.69 | 21 | 8 | -0.30 | -0.05 | 54.63 | 50.00 | 5/15/2026 | Yes | 19 | 63 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.30 | 2.80 | 0.82 | 2.50 | 0.33 | 0.40 | 12 | 9 | -0.29 | -0.06 | 93.29 | 87.50 | 5/15/2026 | Yes | 10 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.60 | 9.90 | 1.52 | 5.00 | 0.30 | 0.37 | 337 | 364 | -0.29 | -0.22 | 370.17 | 350.00 | 5/15/2026 | Yes | 15 | 72 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.90 | 0.30 | 1.00 | 0.30 | 0.53 | 8 | 20 | -0.26 | -0.02 | 23.29 | 22.00 | 5/15/2026 | Yes | 8 | 59 | None | |
| RRC | Range Resources Corp | Options Chain | 1.20 | 1.50 | 0.30 | 1.00 | 0.30 | 0.44 | 2 | 0 | -0.28 | -0.03 | 45.76 | 42.00 | 5/15/2026 | Yes | 16 | 62 | None | |
| EQNR | Equinor ASA | Options Chain | 1.25 | 1.50 | 0.28 | 1.00 | 0.28 | 0.53 | 314 | 4 | -0.26 | -0.03 | 42.75 | 38.00 | 5/15/2026 | Yes | 10 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 5.65 | 5.85 | 1.37 | 5.00 | 0.27 | 0.55 | 425 | 439 | -0.29 | -0.11 | 147.11 | 135.00 | 5/15/2026 | No | 7 | 60 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.35 | 8.95 | 2.62 | 10.00 | 0.26 | 0.48 | 96 | 135 | -0.28 | -0.19 | 270.59 | 250.00 | 5/15/2026 | Yes | 9 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 4.05 | 4.30 | 1.30 | 5.00 | 0.26 | 0.36 | 461 | 193 | -0.30 | -0.08 | 169.66 | 160.00 | 5/15/2026 | Yes | 11 | 70 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.60 | 2.90 | 0.65 | 2.50 | 0.26 | 0.56 | 5 | 3 | -0.27 | -0.06 | 80.56 | 72.50 | 5/15/2026 | Yes | 7 | 57 | None | |
| ING | ING Groep N.V. | Options Chain | 0.80 | 0.95 | 0.25 | 1.00 | 0.25 | 0.43 | 132 | 0 | -0.28 | -0.01 | 24.77 | 24.00 | 5/15/2026 | Yes | 9 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.45 | 11.05 | 2.42 | 10.00 | 0.24 | 0.50 | 124 | 663 | -0.27 | -0.25 | 337.95 | 310.00 | 5/15/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 3.85 | 4.15 | 1.19 | 5.00 | 0.24 | 0.45 | 65 | 80 | -0.28 | -0.09 | 128.78 | 120.00 | 5/15/2026 | Yes | 11 | 72 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.92 | 1.00 | 0.23 | 1.00 | 0.23 | 0.30 | 128 | 106 | -0.25 | -0.01 | 50.20 | 47.00 | 5/15/2026 | Yes | 9 | 74 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.73 | 1.83 | 0.57 | 2.50 | 0.23 | 0.44 | 1309 | 145 | -0.27 | -0.04 | 66.76 | 60.00 | 5/15/2026 | Yes | 8 | 61 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.90 | 2.10 | 0.57 | 2.50 | 0.23 | 0.42 | 71 | 24 | -0.28 | -0.05 | 68.37 | 67.50 | 5/15/2026 | No | 10 | 56 | None | |
| OKE | Oneok Inc | Options Chain | 2.25 | 2.50 | 1.13 | 5.00 | 0.23 | 0.36 | 79 | 22 | -0.30 | -0.04 | 93.05 | 85.00 | 5/15/2026 | Yes | 9 | 64 | None | |
| SLB | SLB | Options Chain | 1.44 | 1.50 | 0.56 | 2.50 | 0.22 | 0.45 | 184 | 1218 | -0.26 | -0.03 | 51.39 | 47.50 | 5/15/2026 | Yes | 6 | 58 | None | |
| V | Visa Inc - Class A | Options Chain | 6.30 | 6.65 | 1.10 | 5.00 | 0.22 | 0.33 | 25 | 47 | -0.28 | -0.15 | 302.24 | 285.00 | 5/15/2026 | Yes | 12 | 71 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.60 | 0.80 | 0.22 | 1.00 | 0.22 | 0.47 | 1 | 4 | -0.25 | -0.02 | 26.75 | 24.00 | 5/15/2026 | Yes | 13 | 64 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 2.12 | 2.24 | 0.54 | 2.50 | 0.22 | 0.38 | 3 | 45 | -0.28 | -0.05 | 93.05 | 87.50 | 5/15/2026 | Yes | 12 | 71 | None | |
| AZN | Astrazeneca plc | Options Chain | 3.30 | 4.05 | 1.07 | 5.00 | 0.21 | 0.32 | 6 | 10 | -0.27 | -0.09 | 195.50 | 185.00 | 5/15/2026 | Yes | 10 | 62 | None | |
| GIS | General Mills Inc | Options Chain | 0.80 | 0.90 | 0.52 | 2.50 | 0.21 | 0.32 | 259 | 13 | -0.28 | -0.01 | 37.17 | 35.00 | 5/15/2026 | No | 10 | 62 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.75 | 2.15 | 1.02 | 5.00 | 0.20 | 0.48 | 7 | 8 | -0.29 | -0.04 | 59.36 | 55.00 | 5/15/2026 | Yes | 8 | 64 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.60 | 0.20 | 1.00 | 0.20 | 0.48 | 12 | 0 | -0.22 | -0.01 | 21.32 | 19.00 | 5/15/2026 | Yes | 7 | 58 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.65 | 0.20 | 1.00 | 0.20 | 0.40 | 0 | 1 | -0.24 | -0.01 | 25.00 | 24.00 | 5/15/2026 | Yes | 16 | 69 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.56 | 19 | 2 | -0.25 | -0.01 | 13.25 | 12.00 | 5/15/2026 | Yes | 11 | 43 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.78 | 1.87 | 0.49 | 2.50 | 0.20 | 0.43 | 62 | 780 | -0.24 | -0.04 | 79.61 | 72.50 | 5/15/2026 | Yes | 12 | 75 | None | |
| T | AT&T Inc | Options Chain | 0.51 | 0.55 | 0.19 | 1.00 | 0.19 | 0.31 | 56 | 113 | -0.25 | -0.01 | 28.99 | 27.00 | 5/15/2026 | Yes | 8 | 57 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.91 | 1.06 | 0.46 | 2.50 | 0.18 | 0.36 | 2467 | 11 | -0.26 | -0.02 | 45.97 | 42.50 | 5/15/2026 | Yes | 15 | 81 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 0.95 | 0.18 | 1.00 | 0.18 | 0.29 | 11 | 0 | -0.25 | -0.02 | 48.83 | 46.00 | 5/15/2026 | Yes | 10 | 69 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.65 | 0.17 | 1.00 | 0.17 | 0.52 | 1 | 30 | -0.24 | -0.01 | 20.25 | 19.00 | 5/15/2026 | Yes | 18 | 56 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.37 | 3696 | 0 | -0.27 | -0.01 | 18.96 | 18.00 | 5/15/2026 | Yes | 13 | 59 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.20 | 0.40 | 0.15 | 1.00 | 0.15 | 0.44 | 8 | 0 | -0.20 | -0.01 | 15.00 | 14.00 | 5/15/2026 | Yes | 7 | 58 | None |