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 | 2.00 | 2.90 | 0.57 | 1.00 | 0.57 | 0.57 | 0 | 2 | -0.29 | -0.04 | 62.40 | 56.00 | 4/24/2026 | Yes | 11 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 5.50 | 8.80 | 2.15 | 5.00 | 0.43 | 0.59 | 626 | 200 | -0.30 | -0.13 | 163.12 | 150.00 | 4/24/2026 | Yes | 10 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.36 | 2.99 | 0.43 | 1.00 | 0.43 | 0.62 | 0 | 1 | -0.30 | -0.05 | 59.27 | 54.00 | 4/24/2026 | Yes | 16 | 66 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.70 | 8.30 | 2.05 | 5.00 | 0.41 | 0.48 | 2 | 4 | -0.30 | -0.13 | 182.02 | 170.00 | 4/24/2026 | No | 10 | 69 | None | |
| SLB | SLB | Options Chain | 1.04 | 1.68 | 0.38 | 1.00 | 0.38 | 0.42 | 9 | 25 | -0.28 | -0.03 | 48.17 | 45.00 | 4/24/2026 | Yes | 9 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.97 | 1.48 | 0.33 | 1.00 | 0.33 | 0.42 | 0 | 2 | -0.28 | -0.02 | 43.70 | 42.00 | 4/24/2026 | No | 7 | 55 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.83 | 1.46 | 0.32 | 1.00 | 0.32 | 0.32 | 0 | 22 | -0.25 | -0.02 | 59.98 | 56.00 | 4/24/2026 | Yes | 11 | 52 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.45 | 13.35 | 1.57 | 5.00 | 0.31 | 0.52 | 3 | 16 | -0.29 | -0.25 | 341.57 | 315.00 | 4/24/2026 | No | 9 | 65 | None | |
| DG | Dollar General Corp | Options Chain | 4.45 | 6.20 | 1.23 | 4.00 | 0.31 | 0.51 | 1 | 0 | -0.30 | -0.10 | 146.00 | 134.00 | 4/24/2026 | Yes | 11 | 54 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 6.00 | 7.10 | 1.50 | 5.00 | 0.30 | 0.54 | 814 | 10 | -0.29 | -0.15 | 194.59 | 180.00 | 4/17/2026 | Yes | 11 | 71 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.20 | 0.30 | 1.00 | 0.30 | 0.53 | 1 | 15 | -0.25 | -0.03 | 36.85 | 34.00 | 4/17/2026 | Yes | 13 | 78 | None | |
| NVO | Novo Nordisk | Options Chain | 1.07 | 1.35 | 0.30 | 1.00 | 0.30 | 0.48 | 2 | 2 | -0.25 | -0.01 | 38.77 | 35.00 | 4/24/2026 | No | 11 | 50 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.90 | 5.55 | 0.30 | 1.00 | 0.30 | 0.50 | 1 | 10 | -0.30 | -0.10 | 143.80 | 136.00 | 4/24/2026 | No | 13 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.15 | 12.15 | 1.45 | 5.00 | 0.29 | 0.47 | 54 | 49 | -0.30 | -0.24 | 354.56 | 330.00 | 4/24/2026 | Yes | 22 | 67 |
Dividend Stock List |
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| EQT | EQT Corp | Options Chain | 1.35 | 1.97 | 0.28 | 1.00 | 0.28 | 0.39 | 1 | 0 | -0.30 | -0.04 | 61.83 | 60.00 | 4/24/2026 | No | 17 | 70 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.30 | 8.55 | 1.33 | 5.00 | 0.27 | 0.48 | 10 | 0 | -0.28 | -0.17 | 248.87 | 230.00 | 4/24/2026 | Yes | 14 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.46 | 0.62 | 0.13 | 0.50 | 0.26 | 0.47 | 2 | 0 | -0.27 | -0.01 | 18.46 | 17.00 | 4/24/2026 | No | 13 | 51 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.25 | 7.90 | 1.25 | 5.00 | 0.25 | 0.43 | 2 | 11 | -0.27 | -0.18 | 285.25 | 265.00 | 4/24/2026 | Yes | 10 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.35 | 8.20 | 1.25 | 5.00 | 0.25 | 0.30 | 21 | 51 | -0.28 | -0.20 | 405.73 | 385.00 | 4/24/2026 | No | 11 | 65 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.40 | 4.80 | 1.25 | 5.00 | 0.25 | 0.52 | 76 | 52 | -0.30 | -0.11 | 134.54 | 125.00 | 4/17/2026 | No | 11 | 60 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.80 | 2.30 | 0.60 | 2.50 | 0.24 | 0.48 | 0 | 5 | -0.30 | -0.05 | 67.37 | 62.50 | 4/17/2026 | No | 7 | 48 | None | |
| AA | Alcoa Corp | Options Chain | 3.10 | 3.65 | 0.24 | 1.00 | 0.24 | 0.73 | 0 | 5 | -0.28 | -0.06 | 66.36 | 59.00 | 4/24/2026 | Yes | 12 | 51 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.63 | 2.00 | 0.24 | 1.00 | 0.24 | 0.31 | 1 | 0 | -0.28 | -0.05 | 91.03 | 87.00 | 4/24/2026 | Yes | 6 | 70 | None | |
| AXP | American Express Company | Options Chain | 6.70 | 8.95 | 1.18 | 5.00 | 0.24 | 0.40 | 7 | 73 | -0.28 | -0.16 | 305.99 | 285.00 | 4/24/2026 | Yes | 12 | 70 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 2.65 | 2.95 | 1.17 | 5.00 | 0.23 | 0.54 | 11 | 59 | -0.25 | -0.08 | 94.27 | 85.00 | 4/17/2026 | No | 6 | 51 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.06 | 1.50 | 0.23 | 1.00 | 0.23 | 0.36 | 3 | 10 | -0.30 | -0.03 | 48.52 | 46.00 | 4/24/2026 | Yes | 10 | 64 | None | |
| SYK | Stryker Corp | Options Chain | 6.50 | 8.00 | 2.30 | 10.00 | 0.23 | 0.33 | 64 | 65 | -0.30 | -0.18 | 345.78 | 330.00 | 4/17/2026 | No | 9 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.15 | 7.45 | 1.15 | 5.00 | 0.23 | 0.35 | 7 | 1 | -0.29 | -0.13 | 289.01 | 270.00 | 4/24/2026 | Yes | 8 | 70 | None | |
| TOL | Toll Brothers Inc | Options Chain | 2.65 | 3.80 | 1.10 | 5.00 | 0.22 | 0.38 | 0 | 2 | -0.29 | -0.09 | 143.24 | 135.00 | 4/17/2026 | No | 14 | 68 | None | |
| OMC | Omnicom Group Inc | Options Chain | 1.65 | 2.00 | 0.55 | 2.50 | 0.22 | 0.40 | 5 | 0 | -0.27 | -0.05 | 80.06 | 75.00 | 4/17/2026 | No | 6 | 61 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.80 | 0.22 | 1.00 | 0.22 | 0.49 | 13 | 2 | -0.27 | -0.02 | 23.95 | 22.00 | 4/17/2026 | No | 8 | 59 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.45 | 0.75 | 0.22 | 1.00 | 0.22 | 0.43 | 0 | 179 | -0.28 | -0.01 | 22.67 | 22.00 | 4/17/2026 | No | 15 | 65 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.20 | 4.10 | 1.07 | 5.00 | 0.21 | 0.39 | 4 | 298 | -0.26 | -0.11 | 178.37 | 165.00 | 4/17/2026 | No | 9 | 64 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.22 | 1.62 | 0.21 | 1.00 | 0.21 | 0.39 | 2 | 0 | -0.29 | -0.03 | 55.58 | 52.00 | 4/24/2026 | No | 7 | 50 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.25 | 1.55 | 0.50 | 2.50 | 0.20 | 0.57 | 11 | 5 | -0.25 | -0.04 | 47.08 | 42.50 | 4/17/2026 | No | 9 | 67 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.60 | 0.20 | 1.00 | 0.20 | 0.30 | 1 | 0 | -0.24 | -0.02 | 33.08 | 31.00 | 4/24/2026 | Yes | 12 | 67 | None | |
| KO | Coca-Cola Company | Options Chain | 0.78 | 1.30 | 0.20 | 1.00 | 0.20 | 0.23 | 3 | 3 | -0.26 | -0.02 | 78.00 | 74.00 | 4/24/2026 | No | 10 | 68 | None | |
| HAL | Halliburton Company | Options Chain | 0.68 | 1.14 | 0.20 | 1.00 | 0.20 | 0.44 | 0 | 10 | -0.26 | -0.02 | 35.41 | 33.00 | 4/24/2026 | No | 10 | 55 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.55 | 0.20 | 1.00 | 0.20 | 0.38 | 2 | 35 | -0.27 | -0.01 | 19.35 | 18.00 | 4/17/2026 | No | 7 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.65 | 2.52 | 0.20 | 1.00 | 0.20 | 0.41 | 1 | 0 | -0.28 | -0.05 | 76.88 | 72.00 | 4/24/2026 | Yes | 11 | 76 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.43 | 0.55 | 0.20 | 1.00 | 0.20 | 0.20 | 0 | 1 | -0.28 | -0.01 | 36.72 | 36.00 | 4/24/2026 | No | 10 | 67 | None | |
| OVV | Ovintiv Inc | Options Chain | 0.95 | 1.25 | 0.37 | 2.00 | 0.18 | 0.44 | 16 | 1 | -0.21 | -0.02 | 52.79 | 50.00 | 4/17/2026 | No | 10 | 73 | None | |
| UL | Unilever plc | Options Chain | 0.90 | 1.00 | 0.45 | 2.50 | 0.18 | 0.26 | 167 | 145 | -0.28 | -0.03 | 65.13 | 62.50 | 4/17/2026 | No | 8 | 59 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.90 | 1.35 | 0.18 | 1.00 | 0.18 | 0.42 | 0 | 1 | -0.29 | -0.03 | 46.59 | 42.00 | 4/17/2026 | Yes | 9 | 72 | None | |
| SSNC | SS&C Technologies Holdings Inc | Options Chain | 1.30 | 1.80 | 0.87 | 5.00 | 0.17 | 0.32 | 1717 | 0 | -0.30 | -0.04 | 72.98 | 70.00 | 4/17/2026 | No | 12 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.83 | 1.10 | 0.17 | 1.00 | 0.17 | 0.28 | 2 | 2 | -0.28 | -0.01 | 50.68 | 48.00 | 4/24/2026 | No | 10 | 74 | None | |
| GIS | General Mills Inc | Options Chain | 0.60 | 0.65 | 0.40 | 2.50 | 0.16 | 0.35 | 416 | 42 | -0.22 | -0.01 | 40.66 | 37.50 | 4/17/2026 | Yes | 8 | 54 | None | |
| T | AT&T Inc | Options Chain | 0.44 | 0.66 | 0.08 | 0.50 | 0.16 | 0.31 | 1 | 15 | -0.28 | -0.01 | 27.16 | 25.50 | 4/24/2026 | Yes | 8 | 57 | None | |
| GRMN | Garmin Ltd | Options Chain | 3.50 | 3.90 | 1.55 | 10.00 | 0.15 | 0.33 | 1180 | 0 | -0.24 | -0.11 | 241.30 | 220.00 | 4/17/2026 | No | 17 | 58 |
Dividend Stock List |
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| OKE | Oneok Inc | Options Chain | 1.30 | 1.40 | 0.77 | 5.00 | 0.15 | 0.34 | 314 | 60 | -0.25 | -0.05 | 85.76 | 80.00 | 4/17/2026 | No | 10 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.67 | 3.40 | 0.75 | 5.00 | 0.15 | 0.35 | 68 | 1 | -0.27 | -0.08 | 134.12 | 125.00 | 4/24/2026 | No | 11 | 72 | None | |
| V | Visa Inc - Class A | Options Chain | 5.85 | 6.70 | 0.75 | 5.00 | 0.15 | 0.30 | 11 | 19 | -0.29 | -0.15 | 308.96 | 295.00 | 4/24/2026 | No | 11 | 71 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.47 | 8 | 0 | -0.23 | -0.02 | 22.20 | 20.00 | 4/17/2026 | No | 15 | 47 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.65 | 0.15 | 1.00 | 0.15 | 0.43 | 258 | 0 | -0.24 | -0.02 | 26.21 | 24.00 | 4/17/2026 | Yes | 13 | 60 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.36 | 0 | 1 | -0.25 | -0.01 | 19.19 | 17.85 | 4/17/2026 | No | 12 | 59 | None | |
| EQNR | Equinor ASA | Options Chain | 0.55 | 0.70 | 0.15 | 1.00 | 0.15 | 0.38 | 49 | 4 | -0.27 | -0.02 | 32.44 | 31.00 | 4/17/2026 | No | 10 | 61 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.35 | 2 | 46 | -0.28 | -0.01 | 21.77 | 20.00 | 4/24/2026 | No | 18 | 43 | None |