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 | 1.30 | 2.30 | 0.85 | 1.00 | 0.85 | 0.51 | 1 | 23 | -0.29 | -0.04 | 43.97 | 44.00 | 3/27/2026 | Yes | 12 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.00 | 2.09 | 0.72 | 1.00 | 0.72 | 0.47 | 0 | 4 | -0.25 | -0.01 | 47.20 | 44.00 | 3/27/2026 | No | 10 | 71 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.55 | 3.00 | 0.38 | 1.00 | 0.38 | 0.80 | 48 | 8 | -0.29 | -0.05 | 49.36 | 44.00 | 3/20/2026 | Yes | 15 | 54 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.50 | 8.60 | 1.82 | 5.00 | 0.36 | 0.35 | 16 | 3 | -0.29 | -0.12 | 259.38 | 260.00 | 3/27/2026 | No | 9 | 58 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.47 | 2.00 | 0.89 | 2.50 | 0.36 | 0.19 | 163 | 0 | -0.24 | -0.04 | 159.20 | 152.50 | 3/27/2026 | No | 8 | 66 | None | |
| AVGO | Broadcom Inc | Options Chain | 14.05 | 15.95 | 1.60 | 5.00 | 0.32 | 0.59 | 0 | 14 | -0.29 | -0.27 | 310.51 | 305.00 | 3/27/2026 | Yes | 9 | 65 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.55 | 2.80 | 0.78 | 2.50 | 0.31 | 0.37 | 170 | 27 | -0.30 | -0.03 | 89.18 | 87.50 | 3/20/2026 | Yes | 10 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.00 | 9.85 | 1.53 | 5.00 | 0.31 | 0.31 | 893 | 17 | -0.28 | -0.17 | 394.19 | 380.00 | 3/27/2026 | No | 11 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 11.05 | 1.45 | 5.00 | 0.29 | 0.41 | 0 | 8 | -0.29 | -0.20 | 323.35 | 325.00 | 3/27/2026 | No | 20 | 62 |
Dividend Stock List |
|
| ZTS | Zoetis Inc - Class A | Options Chain | 3.10 | 4.10 | 1.37 | 5.00 | 0.27 | 0.41 | 14 | 10 | -0.30 | -0.08 | 127.00 | 120.00 | 3/20/2026 | Yes | 14 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 7.25 | 9.25 | 1.35 | 5.00 | 0.27 | 0.71 | 15 | 4 | -0.30 | -0.14 | 132.74 | 130.00 | 3/27/2026 | Yes | 7 | 60 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.09 | 3.55 | 0.27 | 1.00 | 0.27 | 0.26 | 0 | 4 | -0.29 | -0.04 | 146.17 | 142.00 | 3/27/2026 | No | 10 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.15 | 7.75 | 1.27 | 5.00 | 0.25 | 0.25 | 2 | 2 | -0.30 | -0.14 | 310.88 | 310.00 | 3/27/2026 | No | 8 | 79 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.05 | 3.00 | 1.20 | 5.00 | 0.24 | 0.31 | 0 | 9 | -0.26 | -0.06 | 134.75 | 130.00 | 3/20/2026 | Yes | 11 | 62 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.55 | 7.65 | 1.20 | 5.00 | 0.24 | 0.32 | 1 | 1 | -0.27 | -0.12 | 287.01 | 280.00 | 3/27/2026 | No | 11 | 71 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.73 | 1.21 | 0.24 | 1.00 | 0.24 | 0.32 | 0 | 1 | -0.26 | -0.01 | 44.31 | 43.00 | 3/27/2026 | Yes | 7 | 53 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.70 | 4.00 | 1.17 | 5.00 | 0.23 | 0.48 | 301 | 35 | -0.26 | -0.10 | 136.23 | 125.00 | 3/20/2026 | No | 11 | 62 | None | |
| NVT | nVent Electric plc | Options Chain | 3.10 | 4.30 | 1.17 | 5.00 | 0.23 | 0.48 | 0 | 3 | -0.29 | -0.08 | 114.00 | 105.00 | 3/20/2026 | Yes | 8 | 59 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.40 | 1.55 | 0.58 | 2.50 | 0.23 | 0.48 | 40 | 54 | -0.26 | -0.03 | 53.70 | 50.00 | 3/20/2026 | No | 8 | 55 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.05 | 0.23 | 1.00 | 0.23 | 0.35 | 10 | 0 | -0.29 | -0.03 | 42.31 | 40.00 | 3/20/2026 | No | 10 | 68 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.55 | 0.85 | 0.22 | 1.00 | 0.22 | 0.41 | 4 | 4 | -0.28 | -0.01 | 25.96 | 25.00 | 3/20/2026 | No | 7 | 58 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.95 | 0.50 | 2.50 | 0.20 | 0.32 | 119 | 61 | -0.25 | -0.02 | 48.39 | 45.00 | 3/20/2026 | Yes | 8 | 54 | None | |
| CP | Canadian Pacific Kansas City Ltd | Options Chain | 1.00 | 1.20 | 0.50 | 2.50 | 0.20 | 0.22 | 10 | 0 | -0.29 | -0.03 | 79.00 | 77.50 | 3/20/2026 | No | 10 | 67 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.20 | 1.00 | 0.20 | 0.28 | 195 | 0 | -0.26 | -0.01 | 30.70 | 29.00 | 3/20/2026 | No | 15 | 69 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.00 | 1.15 | 0.48 | 2.50 | 0.19 | 0.32 | 52 | 22 | -0.26 | -0.03 | 63.60 | 60.00 | 3/20/2026 | Yes | 13 | 59 | None | |
| GPN | Global Payments Inc | Options Chain | 1.65 | 1.90 | 0.90 | 5.00 | 0.18 | 0.51 | 13 | 3 | -0.23 | -0.05 | 72.55 | 65.00 | 3/20/2026 | Yes | 12 | 62 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.05 | 1.45 | 0.45 | 2.50 | 0.18 | 0.47 | 0 | 4 | -0.22 | -0.03 | 56.43 | 52.50 | 3/20/2026 | Yes | 8 | 57 | None | |
| BCS | Barclays plc | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.40 | 0 | 1 | -0.23 | -0.01 | 26.41 | 24.00 | 3/20/2026 | Yes | 16 | 56 | None | |
| KEY | Keycorp | Options Chain | 0.37 | 0.40 | 0.18 | 1.00 | 0.18 | 0.27 | 27 | 7 | -0.28 | -0.01 | 22.77 | 22.00 | 3/20/2026 | No | 15 | 68 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 1.63 | 1.90 | 0.86 | 5.00 | 0.17 | 0.41 | 30 | 15 | -0.21 | -0.05 | 95.20 | 90.00 | 3/20/2026 | Yes | 4 | 47 | None | |
| EQNR | Equinor ASA | Options Chain | 0.50 | 0.60 | 0.17 | 1.00 | 0.17 | 0.30 | 5 | 0 | -0.28 | -0.01 | 26.20 | 26.00 | 3/20/2026 | Yes | 9 | 45 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.28 | 2.81 | 0.85 | 5.00 | 0.17 | 0.38 | 3 | 0 | -0.22 | -0.06 | 136.00 | 125.00 | 3/27/2026 | Yes | 12 | 71 | None | |
| PNR | Pentair plc | Options Chain | 1.25 | 1.75 | 0.42 | 2.50 | 0.17 | 0.28 | 500 | 0 | -0.26 | -0.04 | 94.97 | 92.50 | 3/20/2026 | No | 10 | 66 | None | |
| V | Visa Inc - Class A | Options Chain | 2.95 | 5.40 | 0.80 | 5.00 | 0.16 | 0.22 | 2 | 0 | -0.26 | -0.09 | 330.75 | 315.00 | 3/27/2026 | No | 11 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.33 | 0.45 | 0.16 | 1.00 | 0.16 | 0.23 | 53 | 3 | -0.25 | -0.01 | 30.41 | 29.00 | 3/27/2026 | No | 8 | 59 | None | |
| DD | DuPont de Nemours Inc | Options Chain | 0.65 | 1.10 | 0.38 | 2.50 | 0.15 | 0.40 | 5 | 0 | -0.23 | -0.02 | 45.70 | 42.50 | 3/20/2026 | Yes | 14 | 76 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.34 | 3 | 2 | -0.29 | -0.01 | 12.23 | 12.00 | 3/20/2026 | Yes | 11 | 42 | None |