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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | Options Chain | 8.50 | 11.40 | 1.80 | 5.00 | 0.36 | 0.37 | 6 | 25 | -0.29 | -0.18 | 373.46 | 350.00 | 5/22/2026 | Yes | 15 | 72 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.80 | 3.50 | 0.35 | 1.00 | 0.35 | 0.93 | 1 | 497 | -0.29 | -0.06 | 46.70 | 41.00 | 5/15/2026 | Yes | 16 | 50 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.10 | 1.55 | 0.33 | 1.00 | 0.33 | 0.47 | 0 | 6 | -0.30 | -0.02 | 39.84 | 37.00 | 5/15/2026 | Yes | 13 | 77 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.21 | 5.30 | 1.43 | 5.00 | 0.29 | 0.35 | 5 | 3 | -0.30 | -0.08 | 160.69 | 150.00 | 5/22/2026 | Yes | 11 | 73 | None | |
| RRC | Range Resources Corp | Options Chain | 0.90 | 1.35 | 0.28 | 1.00 | 0.28 | 0.45 | 4 | 0 | -0.25 | -0.03 | 43.45 | 40.00 | 5/15/2026 | Yes | 11 | 54 | None | |
| EQNR | Equinor ASA | Options Chain | 1.30 | 1.55 | 0.28 | 1.00 | 0.28 | 0.53 | 4 | 8 | -0.28 | -0.03 | 41.75 | 38.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 1.25 | 0.28 | 1.00 | 0.28 | 0.28 | 1 | 0 | -0.29 | -0.02 | 49.33 | 47.00 | 5/15/2026 | Yes | 10 | 69 | None | |
| SYY | Sysco Corp | Options Chain | 1.25 | 1.80 | 0.70 | 2.50 | 0.28 | 0.33 | 9 | 50 | -0.28 | -0.04 | 71.16 | 67.50 | 5/15/2026 | Yes | 12 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.95 | 13.20 | 1.35 | 5.00 | 0.27 | 0.49 | 4 | 0 | -0.29 | -0.21 | 314.55 | 290.00 | 5/22/2026 | No | 10 | 64 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.60 | 2.90 | 0.67 | 2.50 | 0.27 | 0.54 | 15 | 20 | -0.28 | -0.06 | 79.60 | 72.50 | 5/15/2026 | Yes | 7 | 57 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 28.00 | 30.90 | 2.60 | 10.00 | 0.26 | 0.47 | 16 | 29 | -0.29 | -0.64 | 935.58 | 870.00 | 5/15/2026 | Yes | 9 | 64 | None | |
| GE | General Electric Company | Options Chain | 6.50 | 10.35 | 1.30 | 5.00 | 0.26 | 0.44 | 7 | 0 | -0.27 | -0.18 | 281.16 | 260.00 | 5/22/2026 | Yes | 12 | 65 | None | |
| CLX | Clorox Company | Options Chain | 2.80 | 3.10 | 1.25 | 5.00 | 0.25 | 0.40 | 549 | 108 | -0.30 | -0.05 | 101.14 | 95.00 | 5/15/2026 | Yes | 13 | 57 | None | |
| RTX | RTX Corp | Options Chain | 3.75 | 7.25 | 1.25 | 5.00 | 0.25 | 0.36 | 0 | 5 | -0.30 | -0.09 | 196.21 | 185.00 | 5/22/2026 | Yes | 11 | 60 | None | |
| ICE | Intercontinental Exchange Inc | Options Chain | 3.00 | 3.60 | 1.22 | 5.00 | 0.24 | 0.31 | 4 | 5 | -0.29 | -0.07 | 162.98 | 155.00 | 5/15/2026 | Yes | 9 | 66 | None | |
| SYF | Synchrony Financial | Options Chain | 1.55 | 2.05 | 0.60 | 2.50 | 0.24 | 0.46 | 1 | 10025 | -0.26 | -0.04 | 68.42 | 62.50 | 5/15/2026 | Yes | 10 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.85 | 14.15 | 1.17 | 5.00 | 0.23 | 0.48 | 2 | 1 | -0.30 | -0.23 | 339.04 | 315.00 | 5/22/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| KEY | Keycorp | Options Chain | 0.40 | 0.55 | 0.23 | 1.00 | 0.23 | 0.39 | 4 | 1 | -0.26 | -0.01 | 20.47 | 19.00 | 5/15/2026 | Yes | 10 | 59 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.80 | 0.23 | 1.00 | 0.23 | 0.49 | 2 | 0 | -0.27 | -0.01 | 24.14 | 22.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.65 | 2.15 | 1.15 | 5.00 | 0.23 | 0.47 | 23 | 0 | -0.29 | -0.04 | 59.18 | 55.00 | 5/15/2026 | Yes | 10 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.05 | 7.00 | 1.13 | 5.00 | 0.23 | 0.32 | 1 | 1 | -0.27 | -0.12 | 294.60 | 275.00 | 5/22/2026 | Yes | 8 | 70 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.50 | 1.90 | 0.55 | 2.50 | 0.22 | 0.57 | 0 | 6 | -0.28 | -0.04 | 46.55 | 42.50 | 5/15/2026 | Yes | 12 | 68 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 5.30 | 5.70 | 2.05 | 10.00 | 0.20 | 0.44 | 39 | 14 | -0.23 | -0.15 | 241.73 | 220.00 | 5/15/2026 | Yes | 12 | 63 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.70 | 1.90 | 0.50 | 2.50 | 0.20 | 0.43 | 7 | 3 | -0.26 | -0.05 | 73.24 | 67.50 | 5/15/2026 | No | 10 | 56 | None | |
| UL | Unilever plc | Options Chain | 0.95 | 1.10 | 0.50 | 2.50 | 0.20 | 0.29 | 28 | 33 | -0.29 | -0.02 | 55.45 | 52.50 | 5/15/2026 | No | 9 | 56 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.65 | 0.20 | 1.00 | 0.20 | 0.43 | 884 | 0 | -0.23 | -0.01 | 23.18 | 21.00 | 5/15/2026 | Yes | 16 | 68 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.70 | 0.20 | 1.00 | 0.20 | 0.49 | 0 | 10 | -0.27 | -0.02 | 21.80 | 20.00 | 5/15/2026 | Yes | 15 | 47 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.55 | 0.18 | 1.00 | 0.18 | 0.38 | 0 | 1 | -0.29 | -0.01 | 15.79 | 15.00 | 5/15/2026 | Yes | 8 | 57 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.40 | 7.90 | 0.77 | 5.00 | 0.15 | 0.55 | 0 | 2 | -0.27 | -0.11 | 174.37 | 155.00 | 5/22/2026 | No | 13 | 53 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 0.85 | 0.95 | 0.75 | 5.00 | 0.15 | 0.35 | 100 | 0 | -0.23 | -0.02 | 48.85 | 45.00 | 5/15/2026 | No | 12 | 63 | None |