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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABT | Abbott Laboratories | Options Chain | 1.71 | 2.18 | 0.95 | 1.00 | 0.95 | 0.28 | 3 | 0 | -0.29 | -0.04 | 109.00 | 105.00 | 5/1/2026 | Yes | 10 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.53 | 3.35 | 0.46 | 1.00 | 0.46 | 0.31 | 2 | 0 | -0.27 | -0.08 | 158.81 | 150.00 | 5/1/2026 | Yes | 11 | 73 | None | |
| VST | Vistra Corp | Options Chain | 5.50 | 7.85 | 2.20 | 5.00 | 0.44 | 0.58 | 0 | 2 | -0.29 | -0.14 | 164.33 | 150.00 | 5/1/2026 | No | 6 | 56 | None | |
| INTU | Intuit Inc | Options Chain | 11.50 | 17.80 | 4.25 | 10.00 | 0.42 | 0.50 | 4 | 0 | -0.26 | -0.30 | 451.25 | 420.00 | 5/1/2026 | No | 13 | 69 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.34 | 0.63 | 0.21 | 0.50 | 0.42 | 0.35 | 5 | 4 | -0.25 | -0.01 | 22.71 | 21.50 | 5/1/2026 | No | 5 | 57 | None | |
| EQT | EQT Corp | Options Chain | 1.52 | 2.17 | 0.39 | 1.00 | 0.39 | 0.43 | 1 | 1 | -0.28 | -0.04 | 64.37 | 60.00 | 5/1/2026 | Yes | 14 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.05 | 10.25 | 1.77 | 5.00 | 0.35 | 0.45 | 76 | 15 | -0.30 | -0.19 | 287.57 | 270.00 | 5/1/2026 | Yes | 8 | 58 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 28.60 | 34.50 | 1.67 | 5.00 | 0.33 | 0.46 | 4 | 9 | -0.30 | -0.64 | 930.35 | 870.00 | 5/1/2026 | Yes | 9 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.98 | 2.73 | 0.31 | 1.00 | 0.31 | 0.57 | 0 | 9 | -0.29 | -0.04 | 57.95 | 53.00 | 5/1/2026 | Yes | 11 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.00 | 12.10 | 1.52 | 5.00 | 0.30 | 0.44 | 1 | 2 | -0.30 | -0.23 | 345.98 | 325.00 | 5/1/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.10 | 1.59 | 0.30 | 1.00 | 0.30 | 0.35 | 200 | 60 | -0.28 | -0.03 | 59.71 | 56.00 | 5/1/2026 | Yes | 15 | 60 | None | |
| HAL | Halliburton Company | Options Chain | 0.79 | 1.28 | 0.29 | 1.00 | 0.29 | 0.45 | 0 | 2 | -0.27 | -0.02 | 34.16 | 33.00 | 5/1/2026 | Yes | 8 | 48 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.14 | 1.36 | 0.28 | 1.00 | 0.28 | 0.36 | 1 | 0 | -0.29 | -0.03 | 47.00 | 45.00 | 5/1/2026 | Yes | 12 | 73 | None | |
| SLB | SLB | Options Chain | 1.03 | 1.48 | 0.27 | 1.00 | 0.27 | 0.42 | 5 | 0 | -0.27 | -0.03 | 46.13 | 43.00 | 5/1/2026 | Yes | 9 | 60 | None | |
| RTX | RTX Corp | Options Chain | 3.70 | 5.00 | 1.32 | 5.00 | 0.26 | 0.36 | 12 | 23 | -0.27 | -0.11 | 203.33 | 190.00 | 5/1/2026 | Yes | 12 | 62 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.31 | 0.90 | 0.26 | 1.00 | 0.26 | 0.25 | 5 | 0 | -0.30 | -0.01 | 37.28 | 36.00 | 5/1/2026 | No | 10 | 67 | None | |
| HPQ | HP Inc | Options Chain | 0.49 | 0.72 | 0.13 | 0.50 | 0.26 | 0.46 | 5 | 0 | -0.30 | -0.01 | 18.72 | 17.50 | 5/1/2026 | No | 10 | 42 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.10 | 7.20 | 1.20 | 5.00 | 0.24 | 0.35 | 20 | 6 | -0.28 | -0.14 | 285.99 | 270.00 | 5/1/2026 | Yes | 8 | 70 | None | |
| V | Visa Inc - Class A | Options Chain | 5.10 | 7.55 | 1.18 | 5.00 | 0.24 | 0.29 | 4 | 0 | -0.30 | -0.14 | 309.98 | 295.00 | 5/1/2026 | No | 12 | 71 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.05 | 8.90 | 1.08 | 5.00 | 0.22 | 0.43 | 2 | 0 | -0.30 | -0.16 | 248.75 | 240.00 | 5/1/2026 | Yes | 10 | 67 | None | |
| AXP | American Express Company | Options Chain | 6.60 | 7.90 | 1.05 | 5.00 | 0.21 | 0.39 | 6 | 5 | -0.26 | -0.17 | 298.00 | 280.00 | 5/1/2026 | Yes | 11 | 62 | None | |
| ORCL | Oracle Corp | Options Chain | 4.45 | 5.50 | 1.05 | 5.00 | 0.21 | 0.52 | 62 | 19 | -0.27 | -0.10 | 155.65 | 140.00 | 5/1/2026 | No | 7 | 60 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.00 | 4.25 | 1.03 | 5.00 | 0.21 | 0.28 | 0 | 1 | -0.25 | -0.10 | 238.11 | 225.00 | 5/1/2026 | Yes | 12 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 1.94 | 2.83 | 0.20 | 1.00 | 0.20 | 0.28 | 3 | 2 | -0.28 | -0.05 | 125.08 | 120.00 | 5/1/2026 | No | 8 | 58 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.33 | 0.09 | 0.50 | 0.18 | 0.40 | 30 | 45 | -0.26 | -0.01 | 11.72 | 11.00 | 5/1/2026 | No | 7 | 47 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.45 | 2.85 | 0.81 | 5.00 | 0.16 | 0.41 | 3 | 15 | -0.23 | -0.08 | 131.59 | 120.00 | 5/1/2026 | Yes | 9 | 66 | None | |
| MS | Morgan Stanley | Options Chain | 2.47 | 4.50 | 0.81 | 5.00 | 0.16 | 0.41 | 1 | 0 | -0.25 | -0.10 | 157.83 | 145.00 | 5/1/2026 | Yes | 12 | 76 | None | |
| AA | Alcoa Corp | Options Chain | 2.62 | 3.90 | 0.16 | 1.00 | 0.16 | 0.67 | 2 | 1 | -0.30 | -0.07 | 66.50 | 60.00 | 5/1/2026 | Yes | 12 | 51 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.38 | 28 | 6 | -0.21 | -0.01 | 20.92 | 19.00 | 5/1/2026 | No | 17 | 43 | None | |
| KO | Coca-Cola Company | Options Chain | 0.83 | 1.34 | 0.15 | 1.00 | 0.15 | 0.25 | 3 | 2 | -0.26 | -0.03 | 77.85 | 74.00 | 5/1/2026 | No | 8 | 62 | None |