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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T | AT&T Inc | Options Chain | 0.30 | 0.52 | 0.24 | 0.50 | 0.48 | 0.21 | 33 | 0 | -0.25 | -0.01 | 27.11 | 26.00 | 3/27/2026 | No | 9 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.69 | 1.15 | 0.22 | 0.50 | 0.44 | 0.41 | 1 | 0 | -0.29 | -0.02 | 32.08 | 31.00 | 3/27/2026 | No | 6 | 50 | None | |
| HAS | Hasbro Inc | Options Chain | 1.50 | 2.25 | 1.03 | 2.50 | 0.41 | 0.33 | 2 | 154 | -0.26 | -0.04 | 96.76 | 97.50 | 3/20/2026 | Yes | 8 | 60 | None | |
| HUM | Humana Inc | Options Chain | 5.50 | 8.00 | 1.70 | 5.00 | 0.34 | 0.57 | 3 | 0 | -0.27 | -0.16 | 189.49 | 165.00 | 3/27/2026 | Yes | 14 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 7.55 | 8.00 | 1.68 | 5.00 | 0.34 | 0.69 | 24 | 81 | -0.27 | -0.16 | 156.59 | 145.00 | 3/27/2026 | Yes | 7 | 60 | None | |
| IP | International Paper Company | Options Chain | 0.70 | 1.50 | 0.32 | 1.00 | 0.32 | 0.33 | 2 | 0 | -0.29 | -0.02 | 47.50 | 45.00 | 3/27/2026 | No | 5 | 61 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.77 | 2.16 | 0.31 | 1.00 | 0.31 | 0.34 | 7 | 2 | -0.29 | -0.04 | 107.21 | 94.00 | 3/27/2026 | No | 10 | 71 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.13 | 1.93 | 0.31 | 1.00 | 0.31 | 0.25 | 2 | 4 | -0.30 | -0.03 | 89.48 | 87.00 | 3/27/2026 | No | 6 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.65 | 11.20 | 1.53 | 5.00 | 0.31 | 0.41 | 26 | 9 | -0.29 | -0.22 | 355.41 | 340.00 | 3/27/2026 | No | 22 | 67 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 5.35 | 7.75 | 1.50 | 5.00 | 0.30 | 0.60 | 0 | 3 | -0.28 | -0.12 | 152.97 | 145.00 | 3/27/2026 | Yes | 8 | 56 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.70 | 1.99 | 0.30 | 1.00 | 0.30 | 0.31 | 2 | 3 | -0.29 | -0.04 | 94.61 | 87.00 | 3/27/2026 | No | 11 | 75 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.10 | 2.60 | 0.30 | 1.00 | 0.30 | 0.68 | 3 | 12 | -0.29 | -0.05 | 54.31 | 48.00 | 3/20/2026 | Yes | 15 | 55 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.20 | 4.60 | 1.37 | 5.00 | 0.27 | 0.47 | 44 | 103 | -0.29 | -0.11 | 144.20 | 135.00 | 3/20/2026 | No | 9 | 58 | None | |
| AXP | American Express Company | Options Chain | 5.95 | 8.25 | 1.37 | 5.00 | 0.27 | 0.30 | 2 | 5 | -0.29 | -0.17 | 359.66 | 345.00 | 3/27/2026 | No | 11 | 62 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 3.00 | 5.95 | 1.35 | 5.00 | 0.27 | 0.37 | 2 | 0 | -0.27 | -0.09 | 197.66 | 185.00 | 3/27/2026 | Yes | 10 | 67 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 6.00 | 7.50 | 1.35 | 5.00 | 0.27 | 0.54 | 13 | 18 | -0.28 | -0.18 | 201.92 | 185.00 | 3/20/2026 | Yes | 12 | 69 | None | |
| SLB | SLB | Options Chain | 1.01 | 1.18 | 0.27 | 1.00 | 0.27 | 0.35 | 4 | 0 | -0.28 | -0.02 | 50.54 | 47.00 | 3/27/2026 | No | 8 | 65 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.45 | 0.65 | 0.27 | 1.00 | 0.27 | 0.32 | 0 | 12 | -0.29 | -0.01 | 22.33 | 22.00 | 3/27/2026 | Yes | 19 | 53 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.65 | 6.55 | 1.30 | 5.00 | 0.26 | 0.26 | 6 | 22 | -0.29 | -0.14 | 322.10 | 305.00 | 3/27/2026 | No | 8 | 78 | None | |
| C | Citigroup Inc | Options Chain | 2.40 | 3.05 | 0.26 | 1.00 | 0.26 | 0.34 | 3 | 0 | -0.30 | -0.06 | 123.77 | 115.00 | 3/27/2026 | No | 14 | 76 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.05 | 7.15 | 1.25 | 5.00 | 0.25 | 0.28 | 434 | 905 | -0.29 | -0.19 | 415.73 | 395.00 | 3/20/2026 | No | 15 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 4.70 | 5.90 | 1.22 | 5.00 | 0.24 | 0.33 | 27 | 17 | -0.26 | -0.12 | 275.70 | 255.00 | 3/27/2026 | No | 12 | 67 | None | |
| MCO | Moody`s Corp | Options Chain | 7.90 | 9.80 | 2.35 | 10.00 | 0.24 | 0.39 | 609 | 19 | -0.27 | -0.24 | 449.47 | 390.00 | 3/20/2026 | Yes | 9 | 61 | None | |
| CDW | CDW Corp | Options Chain | 2.25 | 2.90 | 1.15 | 5.00 | 0.23 | 0.40 | 2 | 3 | -0.23 | -0.06 | 143.44 | 130.00 | 3/20/2026 | No | 9 | 51 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.25 | 3.90 | 1.12 | 5.00 | 0.22 | 0.22 | 12 | 0 | -0.24 | -0.09 | 325.60 | 310.00 | 3/27/2026 | Yes | 10 | 65 | None | |
| TRV | Travelers Companies Inc | Options Chain | 2.90 | 5.80 | 2.20 | 10.00 | 0.22 | 0.30 | 29 | 29 | -0.24 | -0.10 | 292.82 | 280.00 | 3/20/2026 | No | 13 | 63 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.05 | 1.35 | 0.55 | 2.50 | 0.22 | 0.31 | 8 | 12 | -0.27 | -0.04 | 65.50 | 62.50 | 3/20/2026 | No | 8 | 55 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.47 | 1.26 | 0.22 | 1.00 | 0.22 | 0.34 | 3 | 0 | -0.25 | -0.02 | 46.68 | 43.00 | 3/27/2026 | Yes | 7 | 58 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.46 | 2.45 | 0.22 | 1.00 | 0.22 | 0.39 | 20 | 0 | -0.29 | -0.05 | 74.94 | 70.00 | 3/27/2026 | No | 15 | 67 | None | |
| OKE | Oneok Inc | Options Chain | 1.75 | 1.85 | 1.07 | 5.00 | 0.21 | 0.32 | 23 | 49 | -0.30 | -0.04 | 83.13 | 80.00 | 3/20/2026 | Yes | 14 | 75 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.15 | 1.60 | 0.53 | 2.50 | 0.21 | 0.23 | 0 | 13 | -0.30 | -0.04 | 98.21 | 95.00 | 3/20/2026 | Yes | 15 | 76 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.70 | 1.35 | 0.21 | 1.00 | 0.21 | 0.26 | 6 | 1 | -0.28 | -0.02 | 61.75 | 58.00 | 3/27/2026 | No | 13 | 60 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 2.14 | 2.33 | 1.00 | 5.00 | 0.20 | 0.38 | 61 | 50 | -0.28 | -0.06 | 99.13 | 95.00 | 3/20/2026 | No | 5 | 47 | None | |
| MAR | Marriott International Inc - Class A | Options Chain | 4.80 | 7.50 | 1.00 | 5.00 | 0.20 | 0.26 | 0 | 1 | -0.29 | -0.17 | 331.21 | 345.00 | 3/27/2026 | Yes | 8 | 63 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.30 | 0.50 | 2.50 | 0.20 | 0.31 | 0 | 10 | -0.28 | -0.04 | 63.79 | 62.50 | 3/20/2026 | Yes | 14 | 77 | None | |
| CP | Canadian Pacific Kansas City Ltd | Options Chain | 0.95 | 1.30 | 0.50 | 2.50 | 0.20 | 0.23 | 6 | 0 | -0.29 | -0.04 | 81.12 | 80.00 | 3/20/2026 | No | 10 | 69 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.37 | 3 | 23 | -0.24 | -0.01 | 26.84 | 24.00 | 3/20/2026 | Yes | 13 | 47 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.37 | 0.59 | 0.20 | 1.00 | 0.20 | 0.23 | 11 | 10 | -0.30 | -0.01 | 30.99 | 30.00 | 3/27/2026 | No | 12 | 67 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.50 | 2.85 | 0.98 | 5.00 | 0.20 | 0.40 | 52 | 83 | -0.26 | -0.08 | 127.30 | 120.00 | 3/20/2026 | Yes | 11 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.43 | 2.93 | 0.96 | 5.00 | 0.19 | 0.34 | 0 | 17 | -0.26 | -0.06 | 138.93 | 130.00 | 3/27/2026 | No | 10 | 65 | None | |
| NVO | Novo Nordisk | Options Chain | 1.02 | 1.99 | 0.19 | 1.00 | 0.19 | 0.44 | 2 | 91 | -0.30 | -0.04 | 49.37 | 46.00 | 3/27/2026 | No | 12 | 50 | None | |
| ROK | Rockwell Automation Inc | Options Chain | 5.60 | 6.30 | 1.80 | 10.00 | 0.18 | 0.30 | 2 | 0 | -0.24 | -0.18 | 410.66 | 390.00 | 3/20/2026 | No | 12 | 62 | None | |
| CCK | Crown Holdings Inc | Options Chain | 1.05 | 2.20 | 0.90 | 5.00 | 0.18 | 0.28 | 1 | 0 | -0.23 | -0.03 | 110.29 | 105.00 | 3/20/2026 | No | 12 | 65 | None | |
| MS | Morgan Stanley | Options Chain | 2.03 | 4.75 | 0.90 | 5.00 | 0.18 | 0.34 | 0 | 12 | -0.25 | -0.07 | 182.35 | 165.00 | 3/27/2026 | No | 10 | 67 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.41 | 1 | 0 | -0.24 | -0.01 | 26.89 | 25.00 | 3/20/2026 | No | 7 | 58 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.00 | 0.18 | 1.00 | 0.18 | 0.35 | 0 | 6 | -0.26 | -0.02 | 42.38 | 40.00 | 3/20/2026 | No | 14 | 76 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.35 | 0.18 | 1.00 | 0.18 | 0.36 | 26 | 0 | -0.27 | -0.01 | 12.80 | 12.00 | 3/20/2026 | No | 12 | 51 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.27 | 0 | 3 | -0.28 | -0.01 | 30.76 | 29.00 | 3/20/2026 | No | 14 | 69 | None | |
| WMT | Walmart Inc | Options Chain | 2.37 | 3.20 | 0.18 | 1.00 | 0.18 | 0.31 | 3 | 7 | -0.30 | -0.06 | 129.02 | 121.00 | 3/27/2026 | Yes | 9 | 57 | None | |
| GM | General Motors Company | Options Chain | 1.27 | 2.30 | 0.17 | 1.00 | 0.17 | 0.33 | 10 | 3 | -0.29 | -0.04 | 80.68 | 76.00 | 3/27/2026 | No | 10 | 60 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.50 | 0.17 | 1.00 | 0.17 | 0.32 | 2 | 0 | -0.30 | -0.01 | 19.54 | 19.00 | 3/20/2026 | Yes | 8 | 50 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.79 | 0.93 | 0.16 | 1.00 | 0.16 | 0.29 | 1171 | 9 | -0.27 | -0.02 | 56.40 | 52.00 | 3/27/2026 | No | 11 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.59 | 0.72 | 0.16 | 1.00 | 0.16 | 0.21 | 82 | 30 | -0.29 | -0.02 | 47.02 | 46.00 | 3/27/2026 | No | 8 | 62 | None |