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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 0.95 | 1.39 | 0.49 | 1.00 | 0.49 | 0.47 | 417 | 2 | -0.26 | -0.01 | 38.72 | 35.00 | 4/24/2026 | No | 11 | 50 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 5.20 | 6.05 | 1.05 | 3.00 | 0.35 | 0.52 | 0 | 4 | -0.30 | -0.10 | 145.59 | 133.00 | 4/24/2026 | No | 13 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 6.50 | 7.20 | 1.75 | 5.00 | 0.35 | 0.66 | 14 | 47 | -0.29 | -0.14 | 149.40 | 135.00 | 4/24/2026 | Yes | 10 | 66 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.25 | 1.79 | 0.35 | 1.00 | 0.35 | 0.40 | 16 | 0 | -0.30 | -0.03 | 52.75 | 50.00 | 4/24/2026 | No | 7 | 52 | None | |
| SLB | SLB | Options Chain | 1.11 | 1.52 | 0.33 | 1.00 | 0.33 | 0.41 | 4 | 46 | -0.28 | -0.03 | 48.11 | 45.00 | 4/24/2026 | Yes | 9 | 58 | None | |
| KO | Coca-Cola Company | Options Chain | 0.83 | 1.39 | 0.33 | 1.00 | 0.33 | 0.21 | 11 | 4 | -0.29 | -0.02 | 77.88 | 75.00 | 4/24/2026 | No | 10 | 68 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.00 | 1.52 | 0.32 | 1.00 | 0.32 | 0.36 | 1 | 0 | -0.29 | -0.03 | 47.65 | 46.00 | 4/24/2026 | Yes | 10 | 64 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.80 | 1.33 | 0.31 | 1.00 | 0.31 | 0.42 | 1 | 0 | -0.26 | -0.02 | 44.29 | 40.00 | 4/24/2026 | No | 9 | 64 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.40 | 1.00 | 0.30 | 1.00 | 0.30 | 0.40 | 0 | 2 | -0.25 | -0.01 | 31.00 | 28.00 | 4/24/2026 | No | 12 | 61 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.20 | 1.65 | 0.30 | 1.00 | 0.30 | 0.53 | 5 | 1 | -0.29 | -0.03 | 37.38 | 36.00 | 4/17/2026 | Yes | 11 | 70 | None | |
| EQT | EQT Corp | Options Chain | 1.21 | 2.04 | 0.29 | 1.00 | 0.29 | 0.39 | 1 | 0 | -0.28 | -0.03 | 61.60 | 58.00 | 4/24/2026 | No | 17 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.65 | 12.25 | 1.42 | 5.00 | 0.28 | 0.48 | 4 | 18 | -0.28 | -0.24 | 347.09 | 320.00 | 4/24/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| LRCX | Lam Research Corp | Options Chain | 10.75 | 13.15 | 1.42 | 5.00 | 0.28 | 0.73 | 9 | 2 | -0.30 | -0.23 | 209.50 | 195.00 | 4/24/2026 | Yes | 11 | 58 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.58 | 0.84 | 0.14 | 0.50 | 0.28 | 0.49 | 1 | 4 | -0.29 | -0.01 | 22.10 | 19.50 | 4/24/2026 | Yes | 9 | 54 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.05 | 8.50 | 1.40 | 5.00 | 0.28 | 0.49 | 2 | 3 | -0.27 | -0.18 | 252.99 | 230.00 | 4/24/2026 | Yes | 14 | 75 | None | |
| AMAT | Applied Materials Inc | Options Chain | 13.05 | 15.90 | 1.40 | 5.00 | 0.28 | 0.60 | 5 | 1 | -0.28 | -0.30 | 336.50 | 315.00 | 4/24/2026 | No | 17 | 68 | None | |
| AXP | American Express Company | Options Chain | 7.15 | 9.35 | 1.40 | 5.00 | 0.28 | 0.39 | 6 | 4 | -0.30 | -0.18 | 303.14 | 285.00 | 4/24/2026 | Yes | 11 | 62 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 5.90 | 7.90 | 1.40 | 5.00 | 0.28 | 0.55 | 14 | 13 | -0.30 | -0.16 | 196.30 | 180.00 | 4/17/2026 | Yes | 11 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.05 | 9.25 | 1.35 | 5.00 | 0.27 | 0.43 | 5 | 11 | -0.29 | -0.19 | 282.34 | 265.00 | 4/24/2026 | Yes | 10 | 65 | None | |
| COF | Capital One Financial Corp | Options Chain | 3.70 | 7.20 | 1.25 | 5.00 | 0.25 | 0.47 | 2 | 6 | -0.27 | -0.13 | 185.00 | 170.00 | 4/24/2026 | No | 10 | 66 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.35 | 1.60 | 0.60 | 2.50 | 0.24 | 0.40 | 106 | 0 | -0.29 | -0.04 | 58.13 | 55.00 | 4/17/2026 | No | 9 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 1.95 | 2.69 | 0.24 | 1.00 | 0.24 | 0.29 | 1 | 1 | -0.28 | -0.06 | 125.12 | 119.00 | 4/24/2026 | No | 8 | 56 | None | |
| OMC | Omnicom Group Inc | Options Chain | 1.55 | 2.00 | 0.58 | 2.50 | 0.23 | 0.40 | 8 | 2 | -0.26 | -0.04 | 83.63 | 75.00 | 4/17/2026 | No | 6 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.61 | 1.20 | 0.23 | 1.00 | 0.23 | 0.28 | 45 | 2 | -0.28 | -0.02 | 50.71 | 48.00 | 4/24/2026 | No | 10 | 74 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.41 | 1.91 | 0.23 | 1.00 | 0.23 | 0.31 | 5 | 0 | -0.30 | -0.04 | 75.86 | 74.00 | 4/24/2026 | No | 9 | 65 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.40 | 2.00 | 0.57 | 2.50 | 0.23 | 0.49 | 43 | 9 | -0.26 | -0.05 | 65.95 | 60.00 | 4/17/2026 | No | 7 | 48 | None | |
| V | Visa Inc - Class A | Options Chain | 5.30 | 6.45 | 1.13 | 5.00 | 0.23 | 0.29 | 41 | 1 | -0.28 | -0.14 | 314.43 | 300.00 | 4/24/2026 | No | 11 | 71 | None | |
| GIS | General Mills Inc | Options Chain | 0.85 | 0.95 | 0.55 | 2.50 | 0.22 | 0.34 | 292 | 26 | -0.30 | -0.02 | 43.52 | 40.00 | 4/17/2026 | Yes | 8 | 54 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.66 | 0.22 | 1.00 | 0.22 | 0.30 | 1 | 0 | -0.24 | -0.01 | 33.24 | 31.00 | 4/24/2026 | Yes | 12 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.95 | 6.95 | 1.07 | 5.00 | 0.21 | 0.36 | 5 | 7 | -0.28 | -0.14 | 288.00 | 270.00 | 4/24/2026 | Yes | 8 | 70 | None | |
| LIN | Linde Plc. | Options Chain | 7.00 | 9.50 | 1.05 | 5.00 | 0.21 | 0.27 | 2 | 1 | -0.30 | -0.21 | 480.05 | 460.00 | 4/17/2026 | No | 8 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.32 | 3.60 | 1.03 | 5.00 | 0.21 | 0.35 | 11 | 2 | -0.21 | -0.06 | 137.01 | 125.00 | 4/24/2026 | No | 11 | 72 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.30 | 1.60 | 0.50 | 2.50 | 0.20 | 0.46 | 2 | 14 | -0.23 | -0.05 | 64.60 | 57.50 | 4/17/2026 | No | 13 | 62 | None | |
| EQNR | Equinor ASA | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.40 | 11 | 1 | -0.25 | -0.02 | 32.23 | 30.00 | 4/17/2026 | No | 8 | 53 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.45 | 0.70 | 0.20 | 1.00 | 0.20 | 0.43 | 4 | 50 | -0.28 | -0.01 | 22.78 | 21.00 | 4/17/2026 | No | 11 | 56 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.70 | 0.20 | 1.00 | 0.20 | 0.44 | 0 | 13 | -0.29 | -0.02 | 22.01 | 21.00 | 4/17/2026 | No | 18 | 56 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.78 | 2.93 | 0.19 | 1.00 | 0.19 | 0.56 | 234 | 2 | -0.29 | -0.05 | 60.25 | 57.00 | 4/24/2026 | Yes | 11 | 55 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.10 | 2.65 | 0.93 | 5.00 | 0.19 | 0.36 | 3 | 3 | -0.24 | -0.07 | 133.32 | 125.00 | 4/17/2026 | No | 11 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.39 | 2 | 1210 | -0.27 | -0.02 | 26.76 | 25.00 | 4/17/2026 | Yes | 13 | 60 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 1.85 | 2.50 | 0.18 | 1.00 | 0.18 | 0.71 | 82 | 4 | -0.30 | -0.05 | 43.94 | 40.00 | 4/17/2026 | No | 16 | 50 | None | |
| F | Ford Motor Company | Options Chain | 0.22 | 0.33 | 0.09 | 0.50 | 0.18 | 0.36 | 13 | 18 | -0.27 | -0.01 | 12.16 | 11.50 | 4/24/2026 | No | 8 | 47 | None | |
| OKE | Oneok Inc | Options Chain | 1.50 | 1.70 | 0.87 | 5.00 | 0.17 | 0.34 | 56 | 65 | -0.27 | -0.05 | 84.68 | 80.00 | 4/17/2026 | No | 10 | 66 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.70 | 0.17 | 1.00 | 0.17 | 0.48 | 2 | 1 | -0.25 | -0.02 | 23.88 | 22.00 | 4/17/2026 | No | 8 | 59 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.37 | 20 | 94 | -0.26 | -0.01 | 21.68 | 20.00 | 4/24/2026 | No | 18 | 43 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.75 | 3.80 | 0.85 | 5.00 | 0.17 | 0.39 | 11 | 22 | -0.24 | -0.11 | 180.60 | 165.00 | 4/17/2026 | No | 9 | 64 | None | |
| CLX | Clorox Company | Options Chain | 1.65 | 2.15 | 0.85 | 5.00 | 0.17 | 0.30 | 951 | 6 | -0.27 | -0.06 | 113.05 | 110.00 | 4/17/2026 | No | 13 | 51 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.30 | 1.60 | 0.80 | 5.00 | 0.16 | 0.21 | 72 | 147 | -0.26 | -0.05 | 130.37 | 125.00 | 4/17/2026 | No | 7 | 67 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.44 | 0.15 | 1.00 | 0.15 | 0.44 | 22 | 10 | -0.23 | -0.01 | 19.64 | 18.00 | 4/17/2026 | Yes | 10 | 58 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.41 | 1 | 530 | -0.24 | -0.01 | 19.07 | 17.00 | 4/17/2026 | No | 7 | 58 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.37 | 23 | 15 | -0.30 | -0.01 | 16.10 | 15.00 | 4/17/2026 | Yes | 7 | 57 | None |