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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EQNR | Equinor ASA | Options Chain | 1.30 | 1.65 | 0.45 | 1.00 | 0.45 | 0.41 | 28 | 1 | -0.30 | -0.02 | 33.59 | 32.00 | 4/17/2026 | No | 7 | 53 | None | |
| WMT | Walmart Inc | Options Chain | 2.23 | 3.20 | 0.44 | 1.00 | 0.44 | 0.32 | 1 | 9 | -0.29 | -0.06 | 123.80 | 117.00 | 4/24/2026 | No | 9 | 56 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.37 | 1.98 | 0.43 | 1.00 | 0.43 | 0.44 | 40 | 3 | -0.28 | -0.03 | 54.19 | 51.00 | 4/24/2026 | No | 8 | 54 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.16 | 2.61 | 0.42 | 1.00 | 0.42 | 0.44 | 1 | 0 | -0.29 | -0.06 | 80.42 | 72.00 | 4/24/2026 | Yes | 13 | 75 | None | |
| TGT | Target Corp | Options Chain | 2.39 | 3.60 | 0.37 | 1.00 | 0.37 | 0.38 | 0 | 1 | -0.29 | -0.07 | 120.79 | 111.00 | 4/24/2026 | No | 9 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.68 | 2.89 | 0.36 | 1.00 | 0.36 | 0.60 | 7 | 8 | -0.29 | -0.04 | 59.42 | 53.00 | 4/24/2026 | Yes | 11 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.77 | 2.99 | 0.35 | 1.00 | 0.35 | 0.63 | 1 | 211 | -0.29 | -0.05 | 59.01 | 53.00 | 4/24/2026 | Yes | 16 | 66 | None | |
| V | Visa Inc - Class A | Options Chain | 5.60 | 7.75 | 1.70 | 5.00 | 0.34 | 0.33 | 1 | 0 | -0.28 | -0.16 | 316.64 | 295.00 | 4/24/2026 | No | 10 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.56 | 0.69 | 0.16 | 0.50 | 0.32 | 0.34 | 7 | 3 | -0.28 | -0.01 | 28.97 | 26.00 | 4/24/2026 | Yes | 9 | 57 | None | |
| NVO | Novo Nordisk | Options Chain | 1.25 | 1.70 | 0.31 | 1.00 | 0.31 | 0.48 | 1 | 3 | -0.30 | -0.02 | 38.58 | 36.00 | 4/24/2026 | No | 11 | 50 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.10 | 2.50 | 0.77 | 2.50 | 0.31 | 0.51 | 68 | 37 | -0.30 | -0.06 | 67.11 | 62.50 | 4/17/2026 | No | 7 | 48 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.49 | 4.85 | 1.51 | 5.00 | 0.30 | 0.40 | 1 | 0 | -0.25 | -0.08 | 135.69 | 125.00 | 4/24/2026 | No | 11 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.30 | 12.15 | 1.50 | 5.00 | 0.30 | 0.50 | 7 | 8 | -0.29 | -0.23 | 338.89 | 315.00 | 4/24/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| IVZ | Invesco Ltd | Options Chain | 0.60 | 0.95 | 0.30 | 1.00 | 0.30 | 0.52 | 5 | 1 | -0.27 | -0.02 | 23.67 | 22.00 | 4/17/2026 | No | 8 | 59 | None | |
| GLW | Corning Inc | Options Chain | 2.84 | 6.90 | 1.48 | 5.00 | 0.30 | 0.74 | 0 | 3 | -0.26 | -0.13 | 123.29 | 110.00 | 4/24/2026 | No | 9 | 57 | None | |
| HPQ | HP Inc | Options Chain | 0.27 | 0.71 | 0.14 | 0.50 | 0.28 | 0.48 | 1 | 0 | -0.27 | -0.01 | 19.49 | 17.00 | 4/24/2026 | No | 9 | 42 | None | |
| ORCL | Oracle Corp | Options Chain | 6.05 | 6.75 | 1.37 | 5.00 | 0.27 | 0.71 | 23 | 43 | -0.26 | -0.14 | 152.96 | 130.00 | 4/24/2026 | Yes | 10 | 66 | None | |
| AMAT | Applied Materials Inc | Options Chain | 12.20 | 15.65 | 1.30 | 5.00 | 0.26 | 0.62 | 0 | 2 | -0.30 | -0.30 | 324.74 | 300.00 | 4/24/2026 | No | 12 | 63 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.60 | 1.95 | 0.65 | 2.50 | 0.26 | 0.45 | 22 | 79 | -0.29 | -0.05 | 66.60 | 60.00 | 4/17/2026 | No | 16 | 71 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.80 | 5.00 | 1.25 | 5.00 | 0.25 | 0.41 | 53 | 11 | -0.25 | -0.11 | 180.54 | 170.00 | 4/17/2026 | No | 8 | 64 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.50 | 0.70 | 0.25 | 1.00 | 0.25 | 0.46 | 2 | 10 | -0.25 | -0.01 | 22.73 | 21.00 | 4/17/2026 | No | 10 | 56 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.35 | 8.00 | 1.20 | 5.00 | 0.24 | 0.42 | 4 | 1 | -0.27 | -0.17 | 286.48 | 260.00 | 4/24/2026 | Yes | 9 | 58 | None | |
| CME | CME Group Inc - Class A | Options Chain | 6.50 | 9.10 | 1.20 | 5.00 | 0.24 | 0.25 | 3 | 21 | -0.28 | -0.04 | 317.02 | 305.00 | 4/24/2026 | Yes | 15 | 74 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.00 | 9.45 | 1.20 | 5.00 | 0.24 | 0.46 | 0 | 6 | -0.29 | -0.17 | 258.05 | 235.00 | 4/24/2026 | Yes | 13 | 75 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.45 | 0.60 | 0.23 | 1.00 | 0.23 | 0.42 | 1 | 0 | -0.29 | -0.01 | 19.09 | 18.00 | 4/17/2026 | No | 10 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.00 | 6.85 | 1.10 | 5.00 | 0.22 | 0.36 | 1 | 9 | -0.27 | -0.13 | 289.48 | 270.00 | 4/24/2026 | Yes | 9 | 79 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.45 | 0.65 | 0.22 | 1.00 | 0.22 | 0.38 | 1 | 1 | -0.30 | -0.01 | 21.90 | 20.00 | 4/24/2026 | No | 18 | 43 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.70 | 1.85 | 0.53 | 2.50 | 0.21 | 0.40 | 9 | 6 | -0.24 | -0.05 | 90.30 | 82.50 | 4/17/2026 | No | 8 | 63 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.45 | 3.10 | 1.05 | 5.00 | 0.21 | 0.36 | 1044 | 0 | -0.28 | -0.07 | 132.40 | 125.00 | 4/17/2026 | No | 11 | 62 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.00 | 0.20 | 1.00 | 0.20 | 0.50 | 16 | 2 | -0.25 | -0.03 | 38.07 | 34.00 | 4/17/2026 | Yes | 14 | 78 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.24 | 10 | 37 | -0.26 | -0.02 | 49.36 | 47.00 | 4/17/2026 | No | 10 | 69 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.50 | 0.20 | 1.00 | 0.20 | 0.45 | 26 | 58 | -0.29 | -0.01 | 14.16 | 13.00 | 4/17/2026 | No | 6 | 50 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.30 | 3.60 | 0.95 | 5.00 | 0.19 | 0.57 | 20 | 12 | -0.25 | -0.11 | 131.87 | 120.00 | 4/17/2026 | No | 10 | 62 | None | |
| SPG | Simon Property Group Inc | Options Chain | 3.00 | 3.50 | 0.95 | 5.00 | 0.19 | 0.27 | 7 | 17 | -0.30 | -0.05 | 194.88 | 180.00 | 4/17/2026 | No | 14 | 74 | None | |
| RTX | RTX Corp | Options Chain | 3.90 | 5.95 | 0.90 | 5.00 | 0.18 | 0.37 | 1 | 15 | -0.28 | -0.12 | 209.76 | 195.00 | 4/24/2026 | Yes | 13 | 62 | None | |
| AXP | American Express Company | Options Chain | 7.00 | 8.50 | 0.90 | 5.00 | 0.18 | 0.42 | 7 | 3 | -0.30 | -0.18 | 301.00 | 280.00 | 4/24/2026 | Yes | 12 | 70 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.10 | 1.50 | 0.45 | 2.50 | 0.18 | 0.59 | 0 | 6 | -0.24 | -0.04 | 48.90 | 42.50 | 4/17/2026 | No | 11 | 67 | None | |
| TFC | Truist Financial Corporation | Options Chain | 1.07 | 1.15 | 0.45 | 2.50 | 0.18 | 0.42 | 17 | 92 | -0.27 | -0.03 | 46.51 | 42.50 | 4/17/2026 | Yes | 11 | 70 | None | |
| KO | Coca-Cola Company | Options Chain | 0.64 | 1.15 | 0.18 | 1.00 | 0.18 | 0.21 | 3 | 0 | -0.25 | -0.02 | 77.04 | 74.00 | 4/24/2026 | No | 10 | 68 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.25 | 0.40 | 0.18 | 1.00 | 0.18 | 0.50 | 71 | 5 | -0.28 | -0.01 | 11.06 | 10.00 | 4/17/2026 | No | 8 | 43 | None | |
| NEM | Newmont Corp | Options Chain | 3.05 | 3.55 | 0.89 | 5.00 | 0.18 | 0.57 | 3 | 0 | -0.25 | -0.08 | 116.29 | 100.00 | 4/24/2026 | Yes | 16 | 73 | None | |
| CLX | Clorox Company | Options Chain | 1.35 | 1.80 | 0.88 | 5.00 | 0.18 | 0.32 | 38 | 48 | -0.25 | -0.05 | 114.66 | 105.00 | 4/17/2026 | No | 13 | 51 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 5.40 | 6.40 | 0.85 | 5.00 | 0.17 | 0.57 | 1 | 23 | -0.28 | -0.14 | 197.25 | 175.00 | 4/17/2026 | Yes | 12 | 70 | None | |
| UL | Unilever plc | Options Chain | 0.80 | 0.95 | 0.40 | 2.50 | 0.16 | 0.27 | 214 | 790 | -0.25 | -0.03 | 66.82 | 62.50 | 4/17/2026 | No | 8 | 59 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.20 | 1.64 | 0.16 | 1.00 | 0.16 | 0.33 | 0 | 3 | -0.27 | -0.03 | 78.59 | 71.00 | 4/24/2026 | No | 7 | 59 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.31 | 0.64 | 0.08 | 0.50 | 0.16 | 0.32 | 1 | 4 | -0.25 | -0.01 | 24.54 | 23.00 | 4/24/2026 | No | 6 | 57 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.52 | 14 | 0 | -0.23 | -0.02 | 21.86 | 19.00 | 4/17/2026 | No | 18 | 56 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.50 | 0.15 | 1.00 | 0.15 | 0.25 | 10 | 5 | -0.25 | -0.01 | 38.55 | 36.00 | 4/17/2026 | No | 8 | 66 | None |