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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOW | Dow Inc | Options Chain | 0.69 | 1.15 | 0.22 | 0.50 | 0.44 | 0.41 | 1 | 0 | -0.29 | -0.02 | 32.02 | 31.00 | 3/27/2026 | No | 6 | 50 | None | |
| HAS | Hasbro Inc | Options Chain | 1.50 | 2.25 | 1.03 | 2.50 | 0.41 | 0.33 | 2 | 154 | -0.26 | -0.04 | 96.86 | 97.50 | 3/20/2026 | Yes | 8 | 60 | None | |
| AA | Alcoa Corp | Options Chain | 2.00 | 3.40 | 0.38 | 1.00 | 0.38 | 0.64 | 0 | 5 | -0.28 | -0.06 | 62.31 | 56.00 | 3/27/2026 | No | 12 | 61 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.40 | 3.20 | 0.35 | 1.00 | 0.35 | 0.72 | 4 | 3 | -0.30 | -0.06 | 54.31 | 49.00 | 3/20/2026 | No | 13 | 51 | None | |
| HUM | Humana Inc | Options Chain | 5.50 | 8.00 | 1.70 | 5.00 | 0.34 | 0.57 | 3 | 0 | -0.27 | -0.16 | 189.61 | 165.00 | 3/27/2026 | Yes | 14 | 64 | None | |
| IP | International Paper Company | Options Chain | 0.70 | 1.50 | 0.32 | 1.00 | 0.32 | 0.33 | 2 | 0 | -0.29 | -0.02 | 47.75 | 45.00 | 3/27/2026 | No | 5 | 61 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.93 | 2.29 | 0.32 | 1.00 | 0.32 | 0.31 | 0 | 2 | -0.30 | -0.04 | 91.91 | 88.00 | 3/27/2026 | No | 11 | 75 | None | |
| VST | Vistra Corp | Options Chain | 5.55 | 7.75 | 1.55 | 5.00 | 0.31 | 0.61 | 0 | 3 | -0.28 | -0.13 | 159.60 | 145.00 | 3/27/2026 | Yes | 8 | 56 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.13 | 1.93 | 0.31 | 1.00 | 0.31 | 0.25 | 2 | 4 | -0.30 | -0.03 | 90.83 | 87.00 | 3/27/2026 | No | 6 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 7.20 | 8.40 | 1.50 | 5.00 | 0.30 | 0.68 | 25 | 87 | -0.29 | -0.16 | 157.49 | 145.00 | 3/27/2026 | Yes | 7 | 61 | None | |
| C | Citigroup Inc | Options Chain | 2.67 | 3.35 | 0.28 | 1.00 | 0.28 | 0.34 | 0 | 3 | -0.30 | -0.06 | 123.76 | 116.00 | 3/27/2026 | No | 14 | 76 | None | |
| T | AT&T Inc | Options Chain | 0.10 | 0.52 | 0.14 | 0.50 | 0.28 | 0.22 | 33 | 0 | -0.26 | -0.01 | 27.05 | 26.00 | 3/27/2026 | No | 9 | 58 | None | |
| AXP | American Express Company | Options Chain | 5.95 | 8.25 | 1.37 | 5.00 | 0.27 | 0.30 | 2 | 5 | -0.28 | -0.17 | 358.00 | 345.00 | 3/27/2026 | No | 10 | 69 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.30 | 4.60 | 1.37 | 5.00 | 0.27 | 0.47 | 44 | 103 | -0.29 | -0.11 | 146.00 | 135.00 | 3/20/2026 | No | 11 | 60 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 3.00 | 5.95 | 1.35 | 5.00 | 0.27 | 0.37 | 2 | 0 | -0.26 | -0.08 | 197.80 | 185.00 | 3/27/2026 | Yes | 10 | 67 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 6.00 | 7.50 | 1.35 | 5.00 | 0.27 | 0.54 | 13 | 18 | -0.28 | -0.18 | 201.50 | 185.00 | 3/20/2026 | Yes | 12 | 69 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.55 | 14.40 | 1.35 | 5.00 | 0.27 | 0.59 | 202 | 11 | -0.29 | -0.28 | 343.80 | 310.00 | 3/27/2026 | Yes | 12 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.05 | 8.30 | 1.35 | 5.00 | 0.27 | 0.29 | 36 | 67 | -0.30 | -0.18 | 413.27 | 395.00 | 3/27/2026 | No | 15 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.25 | 11.45 | 1.32 | 5.00 | 0.26 | 0.42 | 26 | 13 | -0.30 | -0.23 | 355.90 | 340.00 | 3/27/2026 | No | 22 | 67 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 4.65 | 6.55 | 1.30 | 5.00 | 0.26 | 0.26 | 6 | 22 | -0.29 | -0.14 | 318.28 | 305.00 | 3/27/2026 | No | 8 | 78 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.80 | 3.80 | 1.25 | 5.00 | 0.25 | 0.43 | 52 | 84 | -0.27 | -0.09 | 128.13 | 120.00 | 3/20/2026 | Yes | 11 | 54 | None | |
| MCO | Moody`s Corp | Options Chain | 7.90 | 9.80 | 2.35 | 10.00 | 0.24 | 0.39 | 609 | 19 | -0.27 | -0.24 | 418.96 | 390.00 | 3/20/2026 | Yes | 9 | 62 | None | |
| SLB | SLB | Options Chain | 1.01 | 1.16 | 0.23 | 1.00 | 0.23 | 0.35 | 4 | 0 | -0.27 | -0.02 | 50.55 | 47.00 | 3/27/2026 | No | 8 | 65 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.99 | 1.18 | 0.23 | 1.00 | 0.23 | 0.28 | 1 | 1171 | -0.30 | -0.02 | 56.40 | 53.00 | 3/27/2026 | No | 9 | 65 | None | |
| CDW | CDW Corp | Options Chain | 2.25 | 2.90 | 1.15 | 5.00 | 0.23 | 0.41 | 2 | 3 | -0.22 | -0.07 | 143.43 | 130.00 | 3/20/2026 | No | 9 | 51 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.25 | 3.90 | 1.12 | 5.00 | 0.22 | 0.22 | 12 | 0 | -0.24 | -0.09 | 325.18 | 310.00 | 3/27/2026 | Yes | 10 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 4.45 | 5.95 | 1.10 | 5.00 | 0.22 | 0.34 | 32 | 17 | -0.26 | -0.12 | 273.22 | 255.00 | 3/27/2026 | No | 12 | 67 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.05 | 1.35 | 0.55 | 2.50 | 0.22 | 0.32 | 8 | 12 | -0.26 | -0.03 | 65.50 | 62.50 | 3/20/2026 | No | 8 | 55 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.47 | 1.26 | 0.22 | 1.00 | 0.22 | 0.34 | 3 | 0 | -0.25 | -0.02 | 46.68 | 43.00 | 3/27/2026 | Yes | 7 | 58 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.46 | 2.45 | 0.22 | 1.00 | 0.22 | 0.39 | 20 | 0 | -0.29 | -0.05 | 74.94 | 70.00 | 3/27/2026 | No | 15 | 67 | None | |
| OKE | Oneok Inc | Options Chain | 1.75 | 1.85 | 1.07 | 5.00 | 0.21 | 0.32 | 23 | 54 | -0.30 | -0.05 | 82.86 | 80.00 | 3/20/2026 | Yes | 14 | 75 | None | |
| ROK | Rockwell Automation Inc | Options Chain | 6.10 | 6.80 | 2.10 | 10.00 | 0.21 | 0.30 | 2 | 0 | -0.26 | -0.19 | 412.60 | 390.00 | 3/20/2026 | No | 12 | 62 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.70 | 1.35 | 0.21 | 1.00 | 0.21 | 0.27 | 6 | 1 | -0.27 | -0.02 | 60.70 | 58.00 | 3/27/2026 | No | 11 | 52 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.60 | 2.16 | 0.21 | 1.00 | 0.21 | 0.30 | 7 | 2 | -0.28 | -0.04 | 99.25 | 94.00 | 3/27/2026 | No | 10 | 70 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.52 | 2.81 | 1.01 | 5.00 | 0.20 | 0.35 | 0 | 23 | -0.25 | -0.06 | 138.92 | 130.00 | 3/27/2026 | No | 10 | 65 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 2.14 | 2.33 | 1.00 | 5.00 | 0.20 | 0.38 | 61 | 50 | -0.28 | -0.06 | 99.13 | 95.00 | 3/20/2026 | No | 5 | 47 | None | |
| MAR | Marriott International Inc - Class A | Options Chain | 4.80 | 7.50 | 1.00 | 5.00 | 0.20 | 0.26 | 0 | 1 | -0.29 | -0.17 | 331.20 | 345.00 | 3/27/2026 | Yes | 8 | 63 | None | |
| CP | Canadian Pacific Kansas City Ltd | Options Chain | 0.95 | 1.30 | 0.50 | 2.50 | 0.20 | 0.24 | 6 | 0 | -0.27 | -0.04 | 81.12 | 80.00 | 3/20/2026 | No | 10 | 69 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.30 | 0.50 | 2.50 | 0.20 | 0.31 | 0 | 10 | -0.28 | -0.04 | 63.79 | 62.50 | 3/20/2026 | Yes | 14 | 77 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.10 | 1.55 | 0.50 | 2.50 | 0.20 | 0.23 | 0 | 13 | -0.28 | -0.04 | 98.58 | 95.00 | 3/20/2026 | Yes | 15 | 76 | None | |
| BCS | Barclays plc | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.37 | 3 | 23 | -0.23 | -0.01 | 26.84 | 24.00 | 3/20/2026 | Yes | 13 | 47 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.05 | 0.20 | 1.00 | 0.20 | 0.37 | 0 | 6 | -0.26 | -0.03 | 42.38 | 40.00 | 3/20/2026 | No | 11 | 68 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.37 | 0.59 | 0.20 | 1.00 | 0.20 | 0.23 | 11 | 10 | -0.30 | -0.01 | 31.01 | 30.00 | 3/27/2026 | No | 12 | 67 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.82 | 1.07 | 0.49 | 2.50 | 0.20 | 0.27 | 107 | 24 | -0.28 | -0.02 | 55.00 | 52.50 | 3/20/2026 | No | 10 | 66 | None | |
| TRI | Thomson-Reuters Corp | Options Chain | 1.90 | 2.50 | 0.95 | 5.00 | 0.19 | 0.40 | 1 | 20 | -0.30 | -0.06 | 90.86 | 85.00 | 3/20/2026 | No | 11 | 58 | None | |
| NVO | Novo Nordisk | Options Chain | 1.02 | 1.99 | 0.19 | 1.00 | 0.19 | 0.44 | 2 | 91 | -0.30 | -0.04 | 49.12 | 46.00 | 3/27/2026 | No | 12 | 50 | None | |
| CCK | Crown Holdings Inc | Options Chain | 1.05 | 2.20 | 0.90 | 5.00 | 0.18 | 0.28 | 1 | 0 | -0.24 | -0.03 | 110.29 | 105.00 | 3/20/2026 | No | 12 | 65 | None | |
| MS | Morgan Stanley | Options Chain | 2.03 | 4.75 | 0.90 | 5.00 | 0.18 | 0.34 | 0 | 12 | -0.25 | -0.07 | 177.89 | 165.00 | 3/27/2026 | No | 10 | 67 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.29 | 0 | 3 | -0.23 | -0.01 | 30.56 | 29.00 | 3/20/2026 | No | 14 | 69 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.41 | 1 | 0 | -0.24 | -0.01 | 27.25 | 25.00 | 3/20/2026 | No | 7 | 58 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.35 | 0.18 | 1.00 | 0.18 | 0.37 | 27 | 1 | -0.26 | -0.01 | 12.90 | 12.00 | 3/20/2026 | No | 12 | 51 | None | |
| GM | General Motors Company | Options Chain | 1.27 | 2.30 | 0.17 | 1.00 | 0.17 | 0.33 | 10 | 3 | -0.29 | -0.04 | 80.69 | 76.00 | 3/27/2026 | No | 10 | 60 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.50 | 0.17 | 1.00 | 0.17 | 0.32 | 2 | 0 | -0.30 | -0.01 | 19.55 | 19.00 | 3/20/2026 | Yes | 8 | 50 | None | |
| VTRS | Viatris Inc | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.51 | 118 | 66 | -0.18 | -0.01 | 15.51 | 14.00 | 3/20/2026 | Yes | 5 | 51 | None |