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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 5.05 | 6.00 | 1.98 | 5.00 | 0.40 | 0.55 | 69 | 13 | -0.28 | -0.12 | 154.69 | 140.00 | 5/1/2026 | No | 9 | 66 | None | |
| VST | Vistra Corp | Options Chain | 5.20 | 6.90 | 1.90 | 5.00 | 0.38 | 0.56 | 9 | 0 | -0.26 | -0.14 | 170.12 | 155.00 | 5/1/2026 | No | 6 | 56 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.33 | 0.91 | 0.18 | 0.50 | 0.36 | 0.38 | 5 | 1 | -0.29 | -0.01 | 22.89 | 21.00 | 5/1/2026 | No | 5 | 57 | None | |
| INTU | Intuit Inc | Options Chain | 11.50 | 16.60 | 3.45 | 10.00 | 0.35 | 0.50 | 1 | 0 | -0.27 | -0.30 | 459.28 | 410.00 | 5/1/2026 | No | 10 | 63 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.94 | 2.75 | 0.30 | 1.00 | 0.30 | 0.52 | 1 | 0 | -0.30 | -0.05 | 64.83 | 59.00 | 5/1/2026 | No | 15 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.80 | 9.60 | 1.45 | 5.00 | 0.29 | 0.35 | 95 | 63 | -0.29 | -0.21 | 399.41 | 370.00 | 5/1/2026 | No | 11 | 65 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.65 | 10.10 | 1.40 | 5.00 | 0.28 | 0.49 | 25 | 41 | -0.29 | -0.24 | 315.93 | 295.00 | 4/24/2026 | No | 12 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.00 | 1.26 | 0.27 | 1.00 | 0.27 | 0.37 | 9 | 10 | -0.28 | -0.03 | 46.83 | 44.00 | 5/1/2026 | No | 12 | 73 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.15 | 9.90 | 1.33 | 5.00 | 0.27 | 0.46 | 1 | 2 | -0.29 | -0.21 | 284.33 | 265.00 | 5/1/2026 | Yes | 8 | 58 | None | |
| HAL | Halliburton Company | Options Chain | 0.79 | 1.11 | 0.26 | 1.00 | 0.26 | 0.46 | 5 | 0 | -0.25 | -0.02 | 35.64 | 33.00 | 5/1/2026 | No | 10 | 55 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.83 | 3.60 | 0.26 | 1.00 | 0.26 | 0.31 | 17 | 1 | -0.30 | -0.09 | 157.59 | 150.00 | 5/1/2026 | Yes | 11 | 73 | None | |
| HD | Home Depot Inc | Options Chain | 5.25 | 7.40 | 1.25 | 5.00 | 0.25 | 0.30 | 3 | 3 | -0.28 | -0.16 | 341.43 | 315.00 | 5/1/2026 | No | 7 | 69 | None | |
| ACN | Accenture plc - Class A | Options Chain | 6.20 | 7.40 | 1.25 | 5.00 | 0.25 | 0.50 | 0 | 1 | -0.30 | -0.13 | 199.22 | 180.00 | 5/1/2026 | No | 16 | 68 | None | |
| V | Visa Inc - Class A | Options Chain | 5.50 | 6.80 | 1.22 | 5.00 | 0.24 | 0.30 | 3 | 3 | -0.29 | -0.15 | 299.02 | 285.00 | 5/1/2026 | No | 12 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 0.94 | 1.45 | 0.24 | 1.00 | 0.24 | 0.24 | 1 | 0 | -0.28 | -0.03 | 77.58 | 73.00 | 5/1/2026 | No | 10 | 69 | None | |
| HPQ | HP Inc | Options Chain | 0.48 | 0.67 | 0.12 | 0.50 | 0.24 | 0.46 | 0 | 1 | -0.29 | -0.01 | 18.75 | 17.00 | 5/1/2026 | No | 13 | 51 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.54 | 0.81 | 0.23 | 1.00 | 0.23 | 0.31 | 2 | 1 | -0.29 | -0.01 | 33.27 | 31.00 | 5/1/2026 | No | 9 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.15 | 10.70 | 1.15 | 5.00 | 0.23 | 0.45 | 3 | 106 | -0.28 | -0.23 | 339.57 | 315.00 | 5/1/2026 | Yes | 20 | 62 |
Dividend Stock List |
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| PM | Philip Morris International Inc | Options Chain | 3.10 | 4.40 | 1.10 | 5.00 | 0.22 | 0.35 | 1 | 0 | -0.28 | -0.07 | 166.14 | 155.00 | 5/1/2026 | Yes | 9 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.20 | 6.80 | 1.10 | 5.00 | 0.22 | 0.35 | 0 | 1 | -0.28 | -0.14 | 286.89 | 270.00 | 5/1/2026 | No | 9 | 79 | None | |
| PCG | PG&E Corp | Options Chain | 0.27 | 0.45 | 0.11 | 0.50 | 0.22 | 0.33 | 1 | 0 | -0.27 | -0.01 | 18.48 | 17.00 | 5/1/2026 | Yes | 8 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.99 | 3.95 | 1.01 | 5.00 | 0.20 | 0.41 | 11 | 28 | -0.25 | -0.08 | 132.00 | 120.00 | 5/1/2026 | Yes | 9 | 66 | None | |
| AXP | American Express Company | Options Chain | 6.25 | 8.60 | 1.00 | 5.00 | 0.20 | 0.40 | 1 | 1 | -0.28 | -0.18 | 294.39 | 275.00 | 5/1/2026 | No | 13 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.37 | 0.10 | 0.50 | 0.20 | 0.40 | 24 | 2 | -0.28 | -0.01 | 11.94 | 11.00 | 5/1/2026 | No | 7 | 47 | None | |
| T | AT&T Inc | Options Chain | 0.49 | 0.67 | 0.10 | 0.50 | 0.20 | 0.30 | 4 | 3 | -0.30 | -0.01 | 27.86 | 26.00 | 5/1/2026 | Yes | 9 | 57 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.55 | 1.95 | 0.92 | 5.00 | 0.18 | 0.67 | 9 | 12 | -0.22 | -0.05 | 55.81 | 45.00 | 5/1/2026 | No | 19 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.35 | 8.60 | 0.90 | 5.00 | 0.18 | 0.43 | 0 | 5 | -0.29 | -0.15 | 256.11 | 235.00 | 5/1/2026 | No | 14 | 75 | None | |
| NVO | Novo Nordisk | Options Chain | 0.83 | 1.20 | 0.17 | 1.00 | 0.17 | 0.42 | 32 | 16 | -0.25 | -0.01 | 38.43 | 34.00 | 5/1/2026 | No | 11 | 52 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.17 | 1.71 | 0.17 | 1.00 | 0.17 | 0.32 | 0 | 7 | -0.27 | -0.04 | 77.60 | 73.00 | 5/1/2026 | No | 7 | 59 | None |