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 | 1.13 | 1.63 | 0.54 | 1.00 | 0.54 | 0.52 | 2 | 7 | -0.29 | -0.03 | 36.67 | 34.00 | 5/22/2026 | Yes | 14 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 3.35 | 4.35 | 0.32 | 1.00 | 0.32 | 0.71 | 2 | 4 | -0.30 | -0.07 | 71.68 | 64.00 | 5/22/2026 | Yes | 12 | 50 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.43 | 0.16 | 0.50 | 0.32 | 0.48 | 12 | 7 | -0.24 | 0.00 | 11.60 | 10.50 | 5/22/2026 | Yes | 8 | 48 | None | |
| WMT | Walmart Inc | Options Chain | 2.53 | 3.40 | 0.31 | 1.00 | 0.31 | 0.33 | 25 | 0 | -0.29 | -0.06 | 125.75 | 120.00 | 5/22/2026 | Yes | 8 | 58 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.80 | 3.10 | 0.77 | 2.50 | 0.31 | 0.57 | 72 | 2215 | -0.29 | -0.07 | 79.60 | 72.50 | 5/15/2026 | Yes | 7 | 57 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.75 | 7.65 | 1.50 | 5.00 | 0.30 | 0.55 | 6 | 1 | -0.30 | -0.13 | 174.43 | 160.00 | 5/22/2026 | No | 15 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 5.15 | 6.30 | 0.30 | 1.00 | 0.30 | 0.54 | 47 | 185 | -0.30 | -0.11 | 146.19 | 134.00 | 5/22/2026 | No | 9 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.30 | 11.40 | 1.45 | 5.00 | 0.29 | 0.48 | 11 | 17 | -0.28 | -0.24 | 336.90 | 315.00 | 5/22/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| APH | Amphenol Corp - Class A | Options Chain | 4.80 | 5.30 | 1.40 | 5.00 | 0.28 | 0.63 | 821 | 19 | -0.28 | -0.12 | 128.50 | 115.00 | 5/15/2026 | Yes | 10 | 62 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.96 | 1.25 | 0.27 | 1.00 | 0.27 | 0.35 | 13 | 12 | -0.27 | -0.03 | 49.40 | 47.00 | 5/22/2026 | Yes | 12 | 73 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.39 | 0.78 | 0.26 | 1.00 | 0.26 | 0.22 | 1 | 0 | -0.26 | -0.01 | 37.55 | 36.00 | 5/22/2026 | Yes | 10 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.08 | 1.51 | 0.26 | 1.00 | 0.26 | 0.33 | 0 | 2 | -0.28 | -0.03 | 59.60 | 56.00 | 5/22/2026 | Yes | 15 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.15 | 7.25 | 1.25 | 5.00 | 0.25 | 0.33 | 10 | 3 | -0.29 | -0.15 | 294.60 | 280.00 | 5/22/2026 | Yes | 9 | 79 | None | |
| EQNR | Equinor ASA | Options Chain | 1.15 | 1.30 | 0.25 | 1.00 | 0.25 | 0.53 | 25 | 5 | -0.26 | -0.03 | 41.75 | 38.00 | 5/15/2026 | Yes | 10 | 58 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.85 | 0.25 | 1.00 | 0.25 | 0.52 | 1 | 10 | -0.29 | -0.02 | 24.14 | 21.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.15 | 9.00 | 1.23 | 5.00 | 0.25 | 0.35 | 65 | 5 | -0.28 | -0.19 | 373.46 | 350.00 | 5/22/2026 | Yes | 15 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.50 | 9.05 | 2.40 | 10.00 | 0.24 | 0.48 | 268 | 243 | -0.27 | -0.22 | 314.20 | 290.00 | 5/15/2026 | No | 9 | 62 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.58 | 0.85 | 0.24 | 1.00 | 0.24 | 0.38 | 0 | 1 | -0.29 | -0.02 | 27.93 | 26.00 | 5/22/2026 | Yes | 10 | 53 | None | |
| T | AT&T Inc | Options Chain | 0.37 | 0.72 | 0.23 | 1.00 | 0.23 | 0.35 | 1 | 7 | -0.22 | -0.01 | 28.32 | 26.00 | 5/22/2026 | Yes | 9 | 57 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.38 | 3 | 4 | -0.30 | -0.01 | 22.87 | 22.00 | 5/15/2026 | Yes | 16 | 68 | None | |
| TFC | Truist Financial Corporation | Options Chain | 1.05 | 1.15 | 0.57 | 2.50 | 0.23 | 0.35 | 5361 | 1122 | -0.30 | -0.02 | 47.21 | 45.00 | 5/15/2026 | Yes | 15 | 79 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.85 | 1.15 | 0.22 | 1.00 | 0.22 | 0.45 | 12 | 1 | -0.26 | -0.02 | 39.64 | 37.00 | 5/15/2026 | Yes | 11 | 69 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.70 | 2.16 | 0.22 | 1.00 | 0.22 | 0.42 | 0 | 4 | -0.30 | -0.04 | 62.96 | 59.00 | 5/22/2026 | Yes | 7 | 57 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.10 | 1.45 | 0.50 | 2.50 | 0.20 | 0.49 | 8 | 7 | -0.23 | -0.04 | 55.71 | 50.00 | 5/15/2026 | Yes | 9 | 61 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.10 | 1.65 | 0.20 | 1.00 | 0.20 | 0.43 | 0 | 2 | -0.28 | -0.03 | 49.49 | 46.00 | 5/22/2026 | Yes | 7 | 52 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.55 | 1.90 | 0.98 | 5.00 | 0.20 | 0.47 | 1 | 1 | -0.28 | -0.04 | 59.42 | 55.00 | 5/15/2026 | Yes | 10 | 73 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.61 | 3.25 | 0.19 | 1.00 | 0.19 | 0.55 | 0 | 5 | -0.30 | -0.05 | 61.38 | 56.00 | 5/22/2026 | Yes | 12 | 59 | None | |
| BNS | Bank Of Nova Scotia | Options Chain | 0.85 | 1.10 | 0.45 | 2.50 | 0.18 | 0.22 | 33 | 39 | -0.28 | -0.02 | 70.12 | 67.50 | 5/15/2026 | No | 11 | 66 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.62 | 0.18 | 1.00 | 0.18 | 0.29 | 4 | 0 | -0.25 | -0.01 | 32.97 | 31.00 | 5/22/2026 | Yes | 10 | 67 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.60 | 0.18 | 1.00 | 0.18 | 0.24 | 3 | 0 | -0.26 | -0.02 | 38.62 | 37.00 | 5/15/2026 | Yes | 8 | 66 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.50 | 0.17 | 1.00 | 0.17 | 0.37 | 2 | 1 | -0.26 | -0.01 | 19.14 | 18.00 | 5/15/2026 | Yes | 10 | 51 | None | |
| GIS | General Mills Inc | Options Chain | 0.55 | 0.65 | 0.40 | 2.50 | 0.16 | 0.31 | 362 | 96 | -0.21 | -0.01 | 37.55 | 35.00 | 5/15/2026 | No | 7 | 53 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.65 | 0.15 | 1.00 | 0.15 | 0.37 | 2 | 3 | -0.27 | -0.02 | 26.74 | 25.00 | 5/15/2026 | Yes | 14 | 60 | None |