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 | 1.37 | 1.89 | 0.56 | 1.00 | 0.56 | 0.51 | 8 | 0 | -0.27 | -0.03 | 49.56 | 45.00 | 4/2/2026 | No | 12 | 50 | None | |
| AA | Alcoa Corp | Options Chain | 2.41 | 3.40 | 0.50 | 1.00 | 0.50 | 0.68 | 0 | 5 | -0.30 | -0.05 | 59.90 | 52.00 | 4/2/2026 | No | 14 | 51 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.88 | 2.70 | 0.42 | 1.00 | 0.42 | 0.55 | 2 | 2 | -0.29 | -0.05 | 62.90 | 56.00 | 4/2/2026 | No | 11 | 57 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.53 | 3.50 | 0.41 | 1.00 | 0.41 | 0.29 | 43 | 1 | -0.30 | -0.06 | 148.90 | 140.00 | 4/2/2026 | No | 9 | 66 | None | |
| EQT | EQT Corp | Options Chain | 1.39 | 2.00 | 0.38 | 1.00 | 0.38 | 0.43 | 6 | 0 | -0.29 | -0.04 | 58.40 | 54.00 | 4/2/2026 | Yes | 12 | 68 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.85 | 14.90 | 1.83 | 5.00 | 0.37 | 0.60 | 3 | 16 | -0.29 | -0.29 | 325.17 | 305.00 | 4/2/2026 | Yes | 11 | 67 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.77 | 2.81 | 0.32 | 1.00 | 0.32 | 0.46 | 1 | 0 | -0.30 | -0.05 | 69.10 | 66.00 | 4/2/2026 | No | 11 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.95 | 1.23 | 0.16 | 0.50 | 0.32 | 0.49 | 0 | 2 | -0.30 | -0.02 | 32.65 | 29.00 | 4/2/2026 | No | 6 | 50 | None | |
| AMAT | Applied Materials Inc | Options Chain | 12.45 | 14.85 | 1.52 | 5.00 | 0.30 | 0.55 | 1 | 2 | -0.29 | -0.29 | 354.00 | 330.00 | 4/2/2026 | No | 11 | 62 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.71 | 2.24 | 0.30 | 1.00 | 0.30 | 0.34 | 0 | 5 | -0.28 | -0.05 | 93.65 | 88.00 | 4/2/2026 | No | 12 | 71 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.40 | 7.75 | 1.48 | 5.00 | 0.30 | 0.38 | 6 | 16 | -0.30 | -0.15 | 262.32 | 245.00 | 4/2/2026 | No | 10 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.05 | 12.20 | 1.45 | 5.00 | 0.29 | 0.45 | 22 | 11 | -0.30 | -0.25 | 366.58 | 340.00 | 4/2/2026 | No | 20 | 62 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 7.40 | 8.40 | 1.42 | 5.00 | 0.28 | 0.69 | 16 | 10 | -0.30 | -0.15 | 160.40 | 140.00 | 4/2/2026 | Yes | 10 | 67 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 1.00 | 1.25 | 0.28 | 1.00 | 0.28 | 0.24 | 0 | 1 | -0.27 | -0.02 | 78.80 | 74.00 | 4/2/2026 | No | 18 | 73 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.30 | 7.50 | 1.40 | 5.00 | 0.28 | 0.36 | 4 | 22 | -0.28 | -0.14 | 292.80 | 270.00 | 4/2/2026 | No | 13 | 67 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.29 | 0.67 | 0.13 | 0.50 | 0.26 | 0.28 | 3 | 1 | -0.27 | -0.01 | 24.82 | 22.50 | 4/2/2026 | Yes | 5 | 57 | None | |
| KO | Coca-Cola Company | Options Chain | 0.68 | 1.32 | 0.25 | 1.00 | 0.25 | 0.21 | 2 | 1 | -0.26 | -0.02 | 78.68 | 76.00 | 4/2/2026 | Yes | 10 | 68 | None | |
| DHR | Danaher Corp | Options Chain | 3.40 | 4.80 | 1.17 | 5.00 | 0.23 | 0.32 | 1 | 0 | -0.27 | -0.10 | 212.95 | 195.00 | 4/2/2026 | No | 8 | 56 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.90 | 1.29 | 0.23 | 1.00 | 0.23 | 0.37 | 2 | 0 | -0.28 | -0.02 | 46.04 | 43.00 | 4/2/2026 | Yes | 8 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.95 | 6.30 | 1.13 | 5.00 | 0.23 | 0.31 | 1 | 8 | -0.27 | -0.15 | 302.93 | 290.00 | 4/2/2026 | No | 9 | 79 | None | |
| V | Visa Inc - Class A | Options Chain | 4.65 | 6.05 | 1.12 | 5.00 | 0.22 | 0.27 | 3 | 0 | -0.28 | -0.14 | 314.41 | 305.00 | 4/2/2026 | No | 11 | 71 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.51 | 2.23 | 0.56 | 2.50 | 0.22 | 0.22 | 2 | 4 | -0.24 | -0.06 | 160.12 | 152.50 | 4/2/2026 | No | 11 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.52 | 0.78 | 0.22 | 1.00 | 0.22 | 0.22 | 1 | 4 | -0.27 | -0.02 | 49.01 | 47.00 | 4/2/2026 | No | 8 | 62 | None | |
| COP | Conoco Phillips | Options Chain | 1.85 | 2.74 | 0.22 | 1.00 | 0.22 | 0.31 | 0 | 1 | -0.29 | -0.04 | 111.30 | 103.00 | 4/2/2026 | No | 9 | 73 | None | |
| BAC | Bank Of America Corp | Options Chain | 1.00 | 1.14 | 0.22 | 1.00 | 0.22 | 0.31 | 41 | 3 | -0.30 | -0.02 | 52.55 | 50.00 | 4/2/2026 | No | 10 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.16 | 3.25 | 1.09 | 5.00 | 0.22 | 0.39 | 0 | 12 | -0.22 | -0.06 | 140.51 | 130.00 | 4/2/2026 | No | 11 | 72 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.29 | 0.55 | 0.20 | 1.00 | 0.20 | 0.23 | 2 | 0 | -0.23 | -0.01 | 37.19 | 35.00 | 4/2/2026 | No | 8 | 58 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.17 | 1.56 | 0.20 | 1.00 | 0.20 | 0.29 | 2 | 0 | -0.27 | -0.03 | 76.69 | 73.00 | 4/2/2026 | No | 9 | 65 | None | |
| F | Ford Motor Company | Options Chain | 0.26 | 0.30 | 0.10 | 0.50 | 0.20 | 0.29 | 149 | 8 | -0.30 | -0.01 | 14.12 | 13.50 | 4/2/2026 | No | 7 | 44 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.48 | 0.57 | 0.19 | 1.00 | 0.19 | 0.24 | 0 | 24 | -0.30 | -0.01 | 32.30 | 31.00 | 4/2/2026 | No | 9 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.30 | 0.66 | 0.16 | 1.00 | 0.16 | 0.33 | 1 | 0 | -0.22 | -0.01 | 31.40 | 29.00 | 4/2/2026 | No | 10 | 60 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.30 | 0.50 | 0.15 | 1.00 | 0.15 | 0.36 | 24 | 236 | -0.23 | -0.01 | 23.25 | 21.00 | 4/2/2026 | No | 15 | 45 | None |