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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 2.28 | 3.20 | 0.73 | 1.00 | 0.73 | 0.30 | 1 | 1 | -0.30 | -0.06 | 128.98 | 119.00 | 5/29/2026 | Yes | 8 | 58 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.00 | 9.55 | 2.63 | 5.00 | 0.53 | 0.38 | 1 | 48 | -0.27 | -0.18 | 306.34 | 295.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 7.60 | 9.65 | 2.03 | 5.00 | 0.41 | 0.61 | 1 | 43 | -0.30 | -0.15 | 181.91 | 170.00 | 5/29/2026 | No | 15 | 61 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.98 | 2.94 | 0.39 | 1.00 | 0.39 | 0.52 | 1 | 0 | -0.29 | -0.05 | 66.15 | 63.00 | 5/29/2026 | Yes | 11 | 57 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.13 | 1.79 | 0.36 | 1.00 | 0.36 | 0.39 | 4 | 1 | -0.28 | -0.03 | 58.29 | 52.00 | 5/29/2026 | Yes | 7 | 53 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.19 | 2.29 | 0.35 | 1.00 | 0.35 | 0.30 | 4 | 0 | -0.29 | -0.04 | 86.02 | 78.00 | 5/29/2026 | Yes | 11 | 75 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.80 | 13.05 | 1.68 | 5.00 | 0.34 | 0.45 | 25 | 23 | -0.29 | -0.25 | 355.50 | 355.00 | 5/29/2026 | No | 10 | 64 | None | |
| APA | APA Corporation | Options Chain | 1.15 | 1.61 | 0.31 | 1.00 | 0.31 | 0.52 | 0 | 2 | -0.29 | -0.02 | 38.77 | 34.00 | 5/29/2026 | Yes | 9 | 51 | None | |
| GM | General Motors Company | Options Chain | 1.65 | 2.60 | 0.30 | 1.00 | 0.30 | 0.41 | 0 | 2 | -0.28 | -0.05 | 76.49 | 74.00 | 5/29/2026 | Yes | 9 | 60 | None | |
| KKR | KKR & Co. Inc | Options Chain | 3.00 | 4.20 | 0.30 | 1.00 | 0.30 | 0.49 | 4 | 4 | -0.30 | -0.08 | 92.72 | 94.00 | 5/29/2026 | Yes | 8 | 62 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.00 | 0.74 | 0.15 | 0.50 | 0.30 | 0.49 | 23 | 0 | -0.24 | -0.01 | 23.20 | 20.50 | 5/29/2026 | Yes | 5 | 57 | None | |
| VST | Vistra Corp | Options Chain | 5.90 | 7.00 | 1.45 | 5.00 | 0.29 | 0.57 | 4 | 1 | -0.29 | -0.14 | 153.78 | 150.00 | 5/29/2026 | Yes | 6 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.75 | 12.10 | 1.45 | 5.00 | 0.29 | 0.43 | 3 | 22 | -0.29 | -0.25 | 366.40 | 355.00 | 5/29/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| DVN | Devon Energy Corp | Options Chain | 1.01 | 1.42 | 0.29 | 1.00 | 0.29 | 0.37 | 1 | 1 | -0.30 | -0.03 | 47.63 | 43.00 | 5/29/2026 | Yes | 9 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.80 | 9.00 | 1.37 | 5.00 | 0.27 | 0.38 | 37 | 42 | -0.28 | -0.23 | 373.10 | 370.00 | 5/22/2026 | Yes | 15 | 72 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.70 | 6.30 | 1.35 | 5.00 | 0.27 | 0.25 | 20 | 14 | -0.29 | -0.14 | 309.90 | 300.00 | 5/29/2026 | Yes | 7 | 70 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.62 | 0.84 | 0.26 | 1.00 | 0.26 | 0.28 | 3 | 7 | -0.25 | -0.02 | 47.85 | 43.00 | 5/29/2026 | Yes | 10 | 73 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 17.70 | 22.50 | 1.25 | 5.00 | 0.25 | 0.31 | 1 | 8 | -0.30 | -0.46 | 903.80 | 870.00 | 5/29/2026 | Yes | 13 | 75 | None | |
| HAL | Halliburton Company | Options Chain | 0.78 | 1.17 | 0.25 | 1.00 | 0.25 | 0.40 | 1 | 0 | -0.28 | -0.02 | 37.49 | 35.00 | 5/29/2026 | Yes | 9 | 62 | None | |
| DOW | Dow Inc | Options Chain | 1.23 | 1.75 | 0.25 | 1.00 | 0.25 | 0.52 | 1 | 0 | -0.30 | -0.03 | 38.01 | 36.00 | 5/29/2026 | Yes | 6 | 47 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.38 | 3.50 | 1.22 | 5.00 | 0.24 | 0.32 | 28 | 23 | -0.27 | -0.05 | 154.33 | 140.00 | 5/29/2026 | Yes | 10 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 0.79 | 1.05 | 0.24 | 1.00 | 0.24 | 0.20 | 3 | 1 | -0.26 | -0.02 | 78.01 | 73.00 | 5/29/2026 | Yes | 9 | 69 | None | |
| COST | Costco Wholesale Corp | Options Chain | 14.40 | 18.00 | 1.12 | 5.00 | 0.22 | 0.25 | 0 | 2 | -0.29 | -0.41 | 1,031.68 | 935.00 | 5/29/2026 | No | 15 | 61 | None | |
| GLW | Corning Inc | Options Chain | 8.30 | 10.00 | 0.55 | 2.50 | 0.22 | 0.72 | 6 | 0 | -0.30 | -0.17 | 169.90 | 155.00 | 5/29/2026 | Yes | 9 | 57 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.85 | 2.92 | 0.22 | 1.00 | 0.22 | 0.45 | 11 | 5 | -0.30 | -0.05 | 67.83 | 67.00 | 5/29/2026 | No | 16 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.23 | 4.90 | 1.01 | 5.00 | 0.20 | 0.24 | 9 | 2 | -0.29 | -0.09 | 241.50 | 230.00 | 5/29/2026 | Yes | 10 | 66 | None | |
| NVO | Novo Nordisk | Options Chain | 0.92 | 1.31 | 0.20 | 1.00 | 0.20 | 0.47 | 6 | 17 | -0.26 | -0.03 | 37.42 | 36.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.43 | 0.56 | 0.20 | 1.00 | 0.20 | 0.25 | 0 | 21 | -0.28 | -0.01 | 32.85 | 30.00 | 5/29/2026 | Yes | 11 | 67 | None | |
| GE | General Electric Company | Options Chain | 7.30 | 10.20 | 0.97 | 5.00 | 0.19 | 0.38 | 0 | 1 | -0.30 | -0.18 | 312.70 | 300.00 | 5/29/2026 | Yes | 8 | 60 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 4.60 | 5.90 | 0.95 | 5.00 | 0.19 | 0.32 | 0 | 1 | -0.29 | -0.11 | 249.27 | 235.00 | 5/29/2026 | Yes | 8 | 61 | None |