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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp | Options Chain | 2.45 | 2.95 | 0.47 | 1.00 | 0.47 | 0.70 | 0 | 22 | -0.28 | -0.05 | 51.70 | 46.00 | 5/15/2026 | Yes | 14 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.70 | 2.05 | 0.35 | 1.00 | 0.35 | 0.58 | 2079 | 6 | -0.24 | -0.04 | 56.48 | 50.00 | 5/15/2026 | Yes | 11 | 59 | None | |
| GLW | Corning Inc | Options Chain | 7.45 | 7.95 | 1.65 | 5.00 | 0.33 | 0.72 | 78 | 116 | -0.27 | -0.14 | 144.36 | 130.00 | 5/15/2026 | Yes | 9 | 57 | None | |
| HAL | Halliburton Company | Options Chain | 1.10 | 1.47 | 0.31 | 1.00 | 0.31 | 0.44 | 2 | 7 | -0.29 | -0.02 | 38.11 | 36.00 | 5/15/2026 | Yes | 9 | 62 | None | |
| APA | APA Corporation | Options Chain | 1.81 | 2.03 | 0.76 | 2.50 | 0.30 | 0.60 | 32 | 4 | -0.30 | -0.03 | 40.65 | 37.50 | 5/15/2026 | Yes | 12 | 62 | None | |
| HPQ | HP Inc | Options Chain | 0.61 | 0.80 | 0.30 | 1.00 | 0.30 | 0.48 | 106 | 29 | -0.29 | -0.01 | 18.89 | 18.00 | 5/15/2026 | No | 10 | 42 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.52 | 3.15 | 0.73 | 2.50 | 0.29 | 0.54 | 33 | 127 | -0.29 | -0.05 | 66.65 | 62.50 | 5/15/2026 | Yes | 15 | 67 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.56 | 1.72 | 0.73 | 2.50 | 0.29 | 0.41 | 10 | 168 | -0.30 | -0.03 | 50.00 | 47.50 | 5/15/2026 | Yes | 9 | 63 | None | |
| T | AT&T Inc | Options Chain | 0.51 | 0.68 | 0.28 | 1.00 | 0.28 | 0.31 | 144 | 4195 | -0.28 | -0.01 | 28.81 | 27.00 | 5/15/2026 | Yes | 8 | 57 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.85 | 9.25 | 2.70 | 10.00 | 0.27 | 0.46 | 433 | 120 | -0.28 | -0.18 | 270.55 | 250.00 | 5/15/2026 | Yes | 11 | 66 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.15 | 1.35 | 0.27 | 1.00 | 0.27 | 0.46 | 3 | 2 | -0.28 | -0.02 | 39.58 | 36.00 | 5/15/2026 | Yes | 11 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.90 | 11.80 | 2.62 | 10.00 | 0.26 | 0.47 | 263 | 158 | -0.27 | -0.21 | 347.75 | 320.00 | 5/15/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| WFC | Wells Fargo & Company | Options Chain | 2.35 | 2.50 | 0.65 | 2.50 | 0.26 | 0.41 | 127 | 188 | -0.29 | -0.04 | 80.30 | 75.00 | 5/15/2026 | Yes | 12 | 75 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 2.35 | 2.77 | 0.65 | 2.50 | 0.26 | 0.35 | 310 | 162 | -0.30 | -0.05 | 96.20 | 90.00 | 5/15/2026 | Yes | 9 | 63 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.85 | 2.10 | 0.63 | 2.50 | 0.25 | 0.41 | 51 | 35 | -0.27 | -0.04 | 69.41 | 65.00 | 5/15/2026 | No | 10 | 56 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.30 | 6.60 | 1.25 | 5.00 | 0.25 | 0.54 | 1709 | 168 | -0.26 | -0.12 | 176.91 | 165.00 | 5/15/2026 | No | 14 | 61 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.90 | 3.30 | 0.62 | 2.50 | 0.25 | 0.56 | 2 | 26 | -0.28 | -0.06 | 76.01 | 70.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.25 | 10.65 | 2.45 | 10.00 | 0.25 | 0.50 | 412 | 515 | -0.26 | -0.21 | 321.50 | 290.00 | 5/15/2026 | No | 11 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.65 | 8.15 | 1.22 | 5.00 | 0.24 | 0.37 | 140 | 137 | -0.28 | -0.23 | 372.74 | 350.00 | 5/1/2026 | Yes | 15 | 72 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 2.56 | 3.05 | 1.20 | 5.00 | 0.24 | 0.60 | 19 | 150 | -0.25 | -0.06 | 71.80 | 65.00 | 5/15/2026 | Yes | 5 | 51 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.71 | 1.77 | 0.60 | 2.50 | 0.24 | 0.41 | 75 | 65 | -0.28 | -0.04 | 61.85 | 57.50 | 5/15/2026 | Yes | 8 | 59 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.65 | 0.91 | 0.24 | 1.00 | 0.24 | 0.52 | 775 | 29 | -0.24 | -0.02 | 23.90 | 23.00 | 5/15/2026 | No | 8 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 5.05 | 5.25 | 1.17 | 5.00 | 0.23 | 0.56 | 546 | 151 | -0.25 | -0.10 | 146.02 | 130.00 | 5/15/2026 | No | 9 | 66 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.80 | 2.10 | 0.57 | 2.50 | 0.23 | 0.44 | 10 | 4 | -0.30 | -0.03 | 58.58 | 55.00 | 5/15/2026 | Yes | 7 | 61 | None | |
| SLB | SLB | Options Chain | 1.30 | 1.45 | 0.56 | 2.50 | 0.22 | 0.43 | 604 | 36 | -0.25 | -0.03 | 51.89 | 47.50 | 5/15/2026 | Yes | 6 | 58 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.65 | 3.80 | 1.11 | 5.00 | 0.22 | 0.44 | 46 | 30 | -0.26 | -0.08 | 130.35 | 120.00 | 5/15/2026 | Yes | 9 | 66 | None | |
| VRSK | Verisk Analytics Inc | Options Chain | 4.20 | 5.80 | 1.10 | 5.00 | 0.22 | 0.42 | 10 | 1 | -0.27 | -0.11 | 197.00 | 170.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| BCS | Barclays plc | Options Chain | 0.60 | 0.80 | 0.22 | 1.00 | 0.22 | 0.53 | 0 | 5 | -0.25 | -0.01 | 20.86 | 19.00 | 5/15/2026 | Yes | 15 | 47 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.62 | 0.67 | 0.22 | 1.00 | 0.22 | 0.28 | 11 | 0 | -0.28 | -0.01 | 33.93 | 32.00 | 5/15/2026 | Yes | 10 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 1.30 | 1.40 | 0.53 | 2.50 | 0.21 | 0.24 | 200 | 389 | -0.30 | -0.03 | 74.67 | 72.50 | 5/15/2026 | Yes | 8 | 62 | None | |
| GE | General Electric Company | Options Chain | 7.50 | 7.85 | 2.10 | 10.00 | 0.21 | 0.44 | 24 | 86 | -0.24 | -0.17 | 290.63 | 270.00 | 5/15/2026 | Yes | 9 | 60 | None | |
| C | Citigroup Inc | Options Chain | 3.10 | 3.30 | 1.04 | 5.00 | 0.21 | 0.43 | 34 | 57 | -0.27 | -0.06 | 115.25 | 105.00 | 5/15/2026 | Yes | 15 | 77 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.40 | 7.05 | 1.03 | 5.00 | 0.21 | 0.35 | 225 | 65 | -0.27 | -0.12 | 292.40 | 275.00 | 5/15/2026 | Yes | 9 | 79 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.18 | 1.44 | 0.51 | 2.50 | 0.20 | 0.33 | 37 | 17 | -0.28 | -0.02 | 57.48 | 55.00 | 5/15/2026 | Yes | 11 | 52 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.71 | 3.10 | 1.00 | 5.00 | 0.20 | 0.34 | 240 | 108 | -0.23 | -0.07 | 163.26 | 150.00 | 5/15/2026 | Yes | 11 | 73 | None | |
| AZN | Astrazeneca plc | Options Chain | 2.97 | 3.80 | 1.00 | 5.00 | 0.20 | 0.31 | 3 | 0 | -0.26 | -0.09 | 186.90 | 175.00 | 5/15/2026 | Yes | 12 | 67 | None | |
| RF | Regions Financial Corp | Options Chain | 0.60 | 0.80 | 0.20 | 1.00 | 0.20 | 0.40 | 11 | 3 | -0.27 | -0.02 | 25.64 | 24.00 | 5/15/2026 | Yes | 13 | 60 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.68 | 1.74 | 0.49 | 2.50 | 0.20 | 0.37 | 284 | 420 | -0.24 | -0.03 | 80.86 | 75.00 | 5/15/2026 | Yes | 7 | 59 | None | |
| MS | Morgan Stanley | Options Chain | 4.10 | 4.35 | 0.95 | 5.00 | 0.19 | 0.44 | 95 | 40 | -0.24 | -0.08 | 167.45 | 150.00 | 5/15/2026 | Yes | 10 | 67 | None | |
| OKE | Oneok Inc | Options Chain | 1.90 | 2.00 | 0.92 | 5.00 | 0.18 | 0.35 | 20 | 19 | -0.25 | -0.03 | 89.49 | 85.00 | 5/15/2026 | Yes | 11 | 74 | None | |
| CLX | Clorox Company | Options Chain | 1.85 | 2.20 | 0.90 | 5.00 | 0.18 | 0.36 | 60 | 23 | -0.23 | -0.04 | 103.07 | 95.00 | 5/15/2026 | Yes | 13 | 57 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.28 | 0.86 | 0.18 | 1.00 | 0.18 | 0.21 | 0 | 71 | -0.25 | -0.01 | 38.33 | 37.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.65 | 0.18 | 1.00 | 0.18 | 0.42 | 2 | 0 | -0.26 | -0.01 | 20.55 | 19.00 | 5/15/2026 | Yes | 11 | 67 | None | |
| DOW | Dow Inc | Options Chain | 0.95 | 1.41 | 0.44 | 2.50 | 0.18 | 0.53 | 22 | 26 | -0.23 | -0.03 | 38.31 | 35.00 | 5/15/2026 | Yes | 6 | 47 | None | |
| WMT | Walmart Inc | Options Chain | 2.02 | 2.16 | 0.86 | 5.00 | 0.17 | 0.30 | 1358 | 483 | -0.25 | -0.05 | 123.06 | 115.00 | 5/15/2026 | No | 9 | 56 | None | |
| MRK | Merck & Co Inc | Options Chain | 2.10 | 2.39 | 0.83 | 5.00 | 0.17 | 0.35 | 204 | 123 | -0.23 | -0.05 | 116.37 | 110.00 | 5/15/2026 | Yes | 9 | 67 | None | |
| BTI | British American Tobacco Plc | Options Chain | 1.05 | 1.25 | 0.82 | 5.00 | 0.16 | 0.27 | 36 | 5 | -0.26 | -0.01 | 58.14 | 55.00 | 5/15/2026 | Yes | 13 | 70 | None |