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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C | Citigroup Inc | Options Chain | 2.64 | 3.20 | 0.45 | 1.00 | 0.45 | 0.32 | 73 | 0 | -0.30 | -0.06 | 124.90 | 126.00 | 5/29/2026 | No | 16 | 77 | None | |
| GM | General Motors Company | Options Chain | 1.92 | 3.10 | 0.43 | 1.00 | 0.43 | 0.44 | 1 | 0 | -0.29 | -0.05 | 76.49 | 77.00 | 5/29/2026 | Yes | 11 | 67 | None | |
| AA | Alcoa Corp | Options Chain | 2.31 | 2.75 | 0.37 | 1.00 | 0.37 | 0.57 | 31 | 2 | -0.29 | -0.05 | 73.03 | 60.00 | 5/29/2026 | Yes | 12 | 50 | None | |
| ORCL | Oracle Corp | Options Chain | 6.70 | 7.50 | 0.85 | 2.50 | 0.34 | 0.52 | 107 | 8 | -0.30 | -0.14 | 137.95 | 165.00 | 5/29/2026 | No | 7 | 60 | None | |
| VST | Vistra Corp | Options Chain | 5.25 | 6.90 | 1.68 | 5.00 | 0.34 | 0.56 | 1 | 2 | -0.28 | -0.14 | 153.78 | 150.00 | 5/29/2026 | Yes | 6 | 56 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.60 | 4.15 | 0.33 | 1.00 | 0.33 | 0.38 | 10 | 0 | -0.30 | -0.09 | 127.56 | 129.00 | 5/29/2026 | Yes | 11 | 72 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.30 | 1.30 | 0.32 | 1.00 | 0.32 | 0.37 | 0 | 1 | -0.30 | -0.01 | 33.07 | 28.00 | 5/29/2026 | Yes | 15 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 9.85 | 1.53 | 5.00 | 0.31 | 0.41 | 26 | 26 | -0.28 | -0.22 | 366.40 | 345.00 | 5/29/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| HD | Home Depot Inc | Options Chain | 6.70 | 8.50 | 1.50 | 5.00 | 0.30 | 0.31 | 1 | 12 | -0.30 | -0.16 | 339.20 | 335.00 | 5/29/2026 | Yes | 7 | 69 | None | |
| V | Visa Inc - Class A | Options Chain | 5.35 | 6.75 | 1.50 | 5.00 | 0.30 | 0.27 | 10 | 21 | -0.30 | -0.13 | 308.24 | 305.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.60 | 2.27 | 0.29 | 1.00 | 0.29 | 0.34 | 0 | 1 | -0.30 | -0.04 | 83.10 | 81.00 | 5/29/2026 | Yes | 9 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.20 | 7.45 | 1.40 | 5.00 | 0.28 | 0.62 | 92 | 3 | -0.26 | -0.16 | 181.91 | 175.00 | 5/29/2026 | No | 12 | 53 | None | |
| NVO | Novo Nordisk | Options Chain | 1.11 | 1.33 | 0.27 | 1.00 | 0.27 | 0.46 | 57 | 16 | -0.28 | -0.03 | 37.42 | 38.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.10 | 1.37 | 0.27 | 1.00 | 0.27 | 0.38 | 20 | 64 | -0.29 | -0.03 | 58.29 | 50.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.27 | 1.48 | 0.25 | 1.00 | 0.25 | 0.28 | 1 | 1 | -0.27 | -0.03 | 86.02 | 77.00 | 5/29/2026 | No | 12 | 74 | None | |
| KO | Coca-Cola Company | Options Chain | 0.78 | 0.97 | 0.24 | 1.00 | 0.24 | 0.21 | 119 | 10 | -0.26 | -0.03 | 78.01 | 73.00 | 5/29/2026 | Yes | 8 | 62 | None | |
| APA | APA Corporation | Options Chain | 0.83 | 1.20 | 0.24 | 1.00 | 0.24 | 0.53 | 0 | 2 | -0.27 | -0.02 | 38.77 | 31.00 | 5/29/2026 | Yes | 9 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 2.00 | 2.58 | 0.24 | 1.00 | 0.24 | 0.32 | 38 | 6 | -0.29 | -0.06 | 128.98 | 120.00 | 5/29/2026 | Yes | 8 | 56 | None | |
| HAL | Halliburton Company | Options Chain | 0.78 | 1.12 | 0.24 | 1.00 | 0.24 | 0.39 | 2 | 0 | -0.30 | -0.02 | 37.49 | 35.00 | 5/29/2026 | Yes | 10 | 62 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.42 | 0.61 | 0.23 | 1.00 | 0.23 | 0.20 | 11 | 21 | -0.26 | -0.01 | 37.49 | 35.00 | 5/29/2026 | Yes | 10 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.93 | 2.40 | 0.23 | 1.00 | 0.23 | 0.43 | 0 | 4 | -0.29 | -0.05 | 67.83 | 69.00 | 5/29/2026 | No | 17 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.05 | 5.15 | 1.15 | 5.00 | 0.23 | 0.25 | 8 | 10 | -0.26 | -0.13 | 309.90 | 300.00 | 5/29/2026 | No | 9 | 78 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.50 | 6.95 | 1.10 | 5.00 | 0.22 | 0.35 | 4 | 14 | -0.28 | -0.17 | 306.34 | 305.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.45 | 2.15 | 0.22 | 1.00 | 0.22 | 0.30 | 52 | 24 | -0.29 | -0.04 | 97.04 | 88.00 | 5/29/2026 | Yes | 10 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.26 | 0.32 | 0.11 | 0.50 | 0.22 | 0.37 | 54 | 6 | -0.27 | -0.01 | 12.23 | 12.00 | 5/29/2026 | Yes | 8 | 48 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.00 | 3.55 | 1.06 | 5.00 | 0.21 | 0.22 | 7 | 9 | -0.24 | -0.07 | 241.50 | 225.00 | 5/29/2026 | No | 10 | 66 | None | |
| T | AT&T Inc | Options Chain | 0.38 | 0.49 | 0.21 | 1.00 | 0.21 | 0.29 | 4 | 0 | -0.25 | -0.01 | 26.90 | 25.00 | 5/29/2026 | Yes | 8 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.75 | 0.97 | 0.20 | 1.00 | 0.20 | 0.35 | 50 | 8 | -0.27 | -0.03 | 47.63 | 40.00 | 5/29/2026 | Yes | 7 | 54 | None | |
| DOW | Dow Inc | Options Chain | 0.74 | 1.15 | 0.20 | 1.00 | 0.20 | 0.51 | 14 | 1 | -0.27 | -0.02 | 38.01 | 32.00 | 5/29/2026 | Yes | 6 | 47 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.74 | 0.86 | 0.20 | 1.00 | 0.20 | 0.25 | 21 | 26 | -0.29 | -0.02 | 52.55 | 52.00 | 5/29/2026 | No | 10 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.58 | 0.69 | 0.19 | 1.00 | 0.19 | 0.27 | 19 | 0 | -0.25 | -0.02 | 47.85 | 44.00 | 5/29/2026 | Yes | 9 | 73 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.71 | 2.28 | 0.92 | 5.00 | 0.18 | 0.31 | 113 | 95 | -0.23 | -0.05 | 154.33 | 135.00 | 5/29/2026 | Yes | 9 | 64 | None |