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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | Charles Schwab Corp | Options Chain | 1.30 | 1.59 | 0.60 | 1.00 | 0.60 | 0.29 | 12 | 1 | -0.27 | -0.04 | 92.60 | 87.00 | 5/29/2026 | No | 15 | 69 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.62 | 2.49 | 0.53 | 1.00 | 0.53 | 0.36 | 5 | 11 | -0.30 | -0.05 | 91.30 | 87.00 | 5/29/2026 | Yes | 6 | 70 | None | |
| AA | Alcoa Corp | Options Chain | 2.15 | 3.15 | 0.46 | 1.00 | 0.46 | 0.61 | 0 | 1 | -0.28 | -0.07 | 67.09 | 63.00 | 5/29/2026 | No | 12 | 50 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.05 | 7.95 | 2.25 | 5.00 | 0.45 | 0.46 | 24 | 14 | -0.26 | -0.14 | 257.80 | 230.00 | 5/29/2026 | Yes | 13 | 75 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 8.20 | 9.95 | 2.23 | 5.00 | 0.45 | 0.67 | 31 | 2 | -0.28 | -0.22 | 213.74 | 195.00 | 5/29/2026 | Yes | 15 | 60 | None | |
| GLW | Corning Inc | Options Chain | 7.90 | 8.95 | 1.05 | 2.50 | 0.42 | 0.75 | 1 | 311 | -0.30 | -0.19 | 166.70 | 152.50 | 5/29/2026 | Yes | 9 | 57 | None | |
| HAL | Halliburton Company | Options Chain | 0.91 | 1.20 | 0.37 | 1.00 | 0.37 | 0.41 | 32 | 79 | -0.30 | -0.02 | 38.29 | 37.00 | 5/29/2026 | Yes | 10 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.30 | 6.15 | 1.76 | 5.00 | 0.35 | 0.31 | 17 | 15 | -0.26 | -0.19 | 345.00 | 335.00 | 5/29/2026 | Yes | 8 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.20 | 1.51 | 0.35 | 1.00 | 0.35 | 0.31 | 2 | 121 | -0.26 | -0.03 | 81.97 | 76.00 | 5/29/2026 | No | 10 | 65 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.10 | 2.45 | 0.35 | 1.00 | 0.35 | 0.61 | 1 | 0 | -0.29 | -0.05 | 57.09 | 52.00 | 5/29/2026 | Yes | 14 | 55 | None | |
| DOW | Dow Inc | Options Chain | 1.20 | 1.66 | 0.35 | 1.00 | 0.35 | 0.55 | 1 | 0 | -0.29 | -0.03 | 38.23 | 36.00 | 5/29/2026 | Yes | 6 | 49 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.60 | 12.00 | 1.60 | 5.00 | 0.32 | 0.44 | 105 | 150 | -0.30 | -0.28 | 369.45 | 365.00 | 5/29/2026 | No | 20 | 62 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 5.75 | 6.85 | 0.80 | 2.50 | 0.32 | 0.54 | 35 | 2128 | -0.29 | -0.16 | 183.90 | 172.50 | 5/29/2026 | No | 7 | 61 | None | |
| WMT | Walmart Inc | Options Chain | 2.25 | 3.05 | 0.32 | 1.00 | 0.32 | 0.32 | 3 | 9 | -0.30 | -0.07 | 129.55 | 124.00 | 5/29/2026 | Yes | 9 | 58 | None | |
| GE | General Electric Company | Options Chain | 5.40 | 7.00 | 1.55 | 5.00 | 0.31 | 0.38 | 46 | 63 | -0.29 | -0.16 | 286.73 | 260.00 | 5/29/2026 | Yes | 10 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.40 | 13.45 | 1.55 | 5.00 | 0.31 | 0.47 | 44 | 43 | -0.29 | -0.31 | 402.17 | 395.00 | 5/29/2026 | No | 9 | 62 | None | |
| EQT | EQT Corp | Options Chain | 1.03 | 1.53 | 0.30 | 1.00 | 0.30 | 0.38 | 8 | 0 | -0.27 | -0.03 | 56.98 | 55.00 | 5/29/2026 | Yes | 14 | 70 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.15 | 4.20 | 0.30 | 1.00 | 0.30 | 0.42 | 0 | 1 | -0.29 | -0.09 | 135.56 | 128.00 | 5/29/2026 | Yes | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.30 | 10.10 | 1.47 | 5.00 | 0.29 | 0.35 | 106 | 76 | -0.30 | -0.25 | 425.68 | 410.00 | 5/29/2026 | Yes | 15 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 0.82 | 1.07 | 0.26 | 1.00 | 0.26 | 0.49 | 20 | 8 | -0.26 | -0.03 | 39.70 | 36.00 | 5/29/2026 | Yes | 12 | 52 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.91 | 1.20 | 0.26 | 1.00 | 0.26 | 0.41 | 1 | 1 | -0.26 | -0.03 | 45.56 | 44.00 | 5/29/2026 | Yes | 7 | 54 | None | |
| T | AT&T Inc | Options Chain | 0.33 | 0.44 | 0.25 | 1.00 | 0.25 | 0.26 | 26 | 50 | -0.29 | -0.01 | 25.88 | 25.00 | 5/29/2026 | Yes | 13 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 0.95 | 0.24 | 1.00 | 0.24 | 0.27 | 29 | 14 | -0.28 | -0.02 | 53.70 | 51.00 | 5/29/2026 | No | 13 | 74 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.42 | 2.83 | 1.18 | 5.00 | 0.24 | 0.33 | 21 | 27 | -0.26 | -0.06 | 148.21 | 140.00 | 5/29/2026 | Yes | 11 | 73 | None | |
| AXP | American Express Company | Options Chain | 6.00 | 6.95 | 1.13 | 5.00 | 0.23 | 0.34 | 0 | 2 | -0.27 | -0.19 | 330.55 | 315.00 | 5/29/2026 | Yes | 11 | 69 | None | |
| RTX | RTX Corp | Options Chain | 2.46 | 2.99 | 1.11 | 5.00 | 0.22 | 0.31 | 28 | 8 | -0.25 | -0.07 | 188.80 | 170.00 | 5/29/2026 | Yes | 11 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.19 | 0.25 | 0.11 | 0.50 | 0.22 | 0.40 | 48 | 9 | -0.21 | 0.00 | 12.78 | 11.50 | 5/29/2026 | Yes | 7 | 48 | None | |
| HPQ | HP Inc | Options Chain | 0.51 | 0.85 | 0.11 | 0.50 | 0.22 | 0.52 | 37 | 15 | -0.30 | -0.02 | 21.26 | 19.00 | 5/29/2026 | Yes | 10 | 41 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.25 | 4.60 | 1.08 | 5.00 | 0.22 | 0.26 | 10 | 152 | -0.27 | -0.14 | 314.95 | 300.00 | 5/29/2026 | No | 13 | 79 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.41 | 0.90 | 0.21 | 1.00 | 0.21 | 0.26 | 14 | 3 | -0.27 | -0.02 | 46.37 | 44.00 | 5/29/2026 | Yes | 10 | 73 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.14 | 1.33 | 0.21 | 1.00 | 0.21 | 0.41 | 255 | 2 | -0.27 | -0.04 | 56.13 | 53.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| CSX | CSX Corp | Options Chain | 0.65 | 0.95 | 0.20 | 1.00 | 0.20 | 0.32 | 0 | 2 | -0.27 | -0.02 | 43.81 | 41.00 | 5/29/2026 | Yes | 6 | 60 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.80 | 4.00 | 0.95 | 5.00 | 0.19 | 0.38 | 13 | 5 | -0.25 | -0.10 | 196.25 | 175.00 | 5/29/2026 | Yes | 10 | 74 | None | |
| COP | Conoco Phillips | Options Chain | 2.49 | 3.25 | 0.17 | 1.00 | 0.17 | 0.36 | 1 | 0 | -0.30 | -0.06 | 120.30 | 116.00 | 5/29/2026 | Yes | 8 | 76 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.55 | 0.16 | 1.00 | 0.16 | 0.37 | 6 | 10 | -0.22 | -0.02 | 29.10 | 27.00 | 5/29/2026 | Yes | 14 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.60 | 2.46 | 0.15 | 1.00 | 0.15 | 0.46 | 4 | 15 | -0.30 | -0.05 | 70.70 | 64.00 | 5/29/2026 | No | 17 | 66 | None |