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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APA | APA Corporation | Options Chain | 1.18 | 1.64 | 0.38 | 1.00 | 0.38 | 0.55 | 0 | 1 | -0.29 | -0.03 | 38.77 | 34.00 | 5/29/2026 | Yes | 9 | 51 | None | |
| CSX | CSX Corp | Options Chain | 0.55 | 1.30 | 0.35 | 1.00 | 0.35 | 0.31 | 1 | 0 | -0.26 | -0.02 | 42.20 | 40.00 | 5/29/2026 | Yes | 5 | 60 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.98 | 2.94 | 0.35 | 1.00 | 0.35 | 0.51 | 1 | 0 | -0.29 | -0.05 | 66.15 | 63.00 | 5/29/2026 | Yes | 11 | 57 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.79 | 2.75 | 0.33 | 1.00 | 0.33 | 0.47 | 5 | 14 | -0.28 | -0.05 | 67.83 | 66.00 | 5/29/2026 | No | 16 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.00 | 9.00 | 1.57 | 5.00 | 0.31 | 0.36 | 12 | 1 | -0.30 | -0.18 | 306.34 | 300.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.45 | 7.40 | 1.55 | 5.00 | 0.31 | 0.60 | 39 | 24 | -0.27 | -0.15 | 181.91 | 165.00 | 5/29/2026 | No | 15 | 61 | None | |
| NVO | Novo Nordisk | Options Chain | 1.04 | 1.40 | 0.28 | 1.00 | 0.28 | 0.48 | 3 | 15 | -0.27 | -0.03 | 37.42 | 36.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| C | Citigroup Inc | Options Chain | 2.53 | 2.97 | 0.28 | 1.00 | 0.28 | 0.33 | 1 | 0 | -0.29 | -0.06 | 124.90 | 123.00 | 5/29/2026 | Yes | 14 | 76 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.45 | 6.00 | 1.40 | 5.00 | 0.28 | 0.25 | 16 | 9 | -0.29 | -0.13 | 309.90 | 300.00 | 5/29/2026 | Yes | 7 | 70 | None | |
| VST | Vistra Corp | Options Chain | 5.70 | 7.20 | 1.37 | 5.00 | 0.27 | 0.58 | 4 | 1 | -0.28 | -0.14 | 153.78 | 150.00 | 5/29/2026 | Yes | 6 | 56 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.70 | 3.65 | 1.35 | 5.00 | 0.27 | 0.32 | 12 | 7 | -0.30 | -0.07 | 154.33 | 140.00 | 5/29/2026 | Yes | 10 | 71 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.90 | 1.15 | 0.27 | 1.00 | 0.27 | 0.38 | 1 | 4 | -0.27 | -0.03 | 47.63 | 42.00 | 5/29/2026 | Yes | 9 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.70 | 11.50 | 1.32 | 5.00 | 0.26 | 0.43 | 3 | 19 | -0.29 | -0.25 | 366.40 | 355.00 | 5/29/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| WFC | Wells Fargo & Company | Options Chain | 1.13 | 2.15 | 0.25 | 1.00 | 0.25 | 0.30 | 4 | 0 | -0.29 | -0.03 | 86.02 | 78.00 | 5/29/2026 | Yes | 11 | 75 | None | |
| ORCL | Oracle Corp | Options Chain | 6.15 | 6.75 | 0.25 | 1.00 | 0.25 | 0.55 | 77 | 0 | -0.30 | -0.13 | 137.95 | 150.00 | 5/29/2026 | No | 7 | 60 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 16.75 | 21.45 | 1.17 | 5.00 | 0.23 | 0.31 | 2 | 2 | -0.29 | -0.45 | 903.80 | 865.00 | 5/29/2026 | Yes | 13 | 75 | None | |
| HAL | Halliburton Company | Options Chain | 0.76 | 1.16 | 0.23 | 1.00 | 0.23 | 0.41 | 1 | 0 | -0.27 | -0.02 | 37.49 | 35.00 | 5/29/2026 | Yes | 9 | 62 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.28 | 1.60 | 0.22 | 1.00 | 0.22 | 0.39 | 4 | 1 | -0.28 | -0.04 | 58.29 | 52.00 | 5/29/2026 | Yes | 7 | 53 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.65 | 0.83 | 0.19 | 1.00 | 0.19 | 0.27 | 3 | 7 | -0.28 | -0.02 | 47.85 | 43.00 | 5/29/2026 | Yes | 10 | 73 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.56 | 0.18 | 1.00 | 0.18 | 0.25 | 0 | 21 | -0.28 | -0.01 | 32.85 | 30.00 | 5/29/2026 | Yes | 11 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.29 | 0.09 | 0.50 | 0.18 | 0.38 | 19 | 0 | -0.24 | 0.00 | 12.23 | 11.50 | 5/29/2026 | Yes | 8 | 48 | None |