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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOW | Dow Inc | Options Chain | 1.24 | 1.58 | 0.51 | 1.00 | 0.51 | 0.54 | 7 | 0 | -0.29 | -0.03 | 41.41 | 36.00 | 5/22/2026 | Yes | 6 | 47 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.47 | 3.35 | 0.51 | 1.00 | 0.51 | 0.35 | 0 | 14 | -0.29 | -0.04 | 94.06 | 91.00 | 5/22/2026 | Yes | 12 | 71 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.75 | 3.50 | 0.38 | 1.00 | 0.38 | 0.87 | 5 | 2 | -0.29 | -0.07 | 50.43 | 47.00 | 5/15/2026 | Yes | 16 | 51 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.65 | 0.92 | 0.18 | 0.50 | 0.36 | 0.49 | 63 | 0 | -0.28 | -0.02 | 24.98 | 23.00 | 5/22/2026 | No | 8 | 53 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.04 | 1.37 | 0.35 | 1.00 | 0.35 | 0.32 | 5 | 0 | -0.27 | -0.03 | 59.20 | 56.00 | 5/22/2026 | Yes | 15 | 60 | None | |
| NVO | Novo Nordisk | Options Chain | 1.17 | 1.58 | 0.34 | 1.00 | 0.34 | 0.50 | 20 | 1 | -0.30 | -0.03 | 37.50 | 35.00 | 5/22/2026 | Yes | 11 | 54 | None | |
| VST | Vistra Corp | Options Chain | 4.80 | 7.30 | 1.55 | 5.00 | 0.31 | 0.62 | 4 | 1 | -0.26 | -0.13 | 158.79 | 140.00 | 5/22/2026 | Yes | 6 | 54 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.70 | 12.00 | 1.55 | 5.00 | 0.31 | 0.48 | 11 | 40 | -0.28 | -0.25 | 350.63 | 325.00 | 5/22/2026 | No | 10 | 64 | None | |
| MS | Morgan Stanley | Options Chain | 3.60 | 6.15 | 1.53 | 5.00 | 0.31 | 0.40 | 1 | 1 | -0.29 | -0.09 | 173.00 | 165.00 | 5/22/2026 | Yes | 12 | 75 | None | |
| AMAT | Applied Materials Inc | Options Chain | 15.95 | 19.30 | 1.50 | 5.00 | 0.30 | 0.61 | 0 | 2 | -0.30 | -0.34 | 385.72 | 355.00 | 5/22/2026 | Yes | 18 | 67 |
Dividend Stock List |
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| APH | Amphenol Corp - Class A | Options Chain | 5.40 | 5.90 | 1.45 | 5.00 | 0.29 | 0.61 | 42 | 85 | -0.30 | -0.13 | 132.94 | 125.00 | 5/15/2026 | Yes | 9 | 58 | None | |
| EQNR | Equinor ASA | Options Chain | 1.00 | 1.15 | 0.28 | 1.00 | 0.28 | 0.50 | 18 | 59 | -0.27 | -0.03 | 42.07 | 36.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.25 | 2.65 | 0.70 | 2.50 | 0.28 | 0.57 | 144 | 5288 | -0.27 | -0.06 | 74.61 | 67.50 | 5/15/2026 | Yes | 7 | 57 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.65 | 12.75 | 1.37 | 5.00 | 0.27 | 0.47 | 6 | 17 | -0.29 | -0.25 | 365.90 | 340.00 | 5/22/2026 | Yes | 20 | 62 |
Dividend Stock List |
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| FANG | Diamondback Energy Inc | Options Chain | 4.60 | 5.10 | 1.35 | 5.00 | 0.27 | 0.41 | 4 | 47 | -0.29 | -0.11 | 195.50 | 175.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| GE | General Electric Company | Options Chain | 7.85 | 10.25 | 1.35 | 5.00 | 0.27 | 0.41 | 3 | 0 | -0.30 | -0.19 | 296.50 | 290.00 | 5/22/2026 | Yes | 12 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.45 | 0.67 | 0.27 | 1.00 | 0.27 | 0.37 | 15 | 18 | -0.26 | -0.02 | 27.92 | 26.00 | 5/22/2026 | Yes | 14 | 63 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 3.50 | 3.90 | 1.32 | 5.00 | 0.26 | 0.68 | 97 | 0 | -0.24 | -0.11 | 107.42 | 95.00 | 5/15/2026 | Yes | 16 | 61 |
Dividend Stock List |
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| MSFT | Microsoft Corporation | Options Chain | 8.50 | 8.80 | 1.30 | 5.00 | 0.26 | 0.37 | 511 | 941 | -0.29 | -0.23 | 381.20 | 355.00 | 5/15/2026 | Yes | 15 | 72 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.98 | 1.05 | 0.26 | 1.00 | 0.26 | 0.32 | 12 | 1 | -0.27 | -0.02 | 51.32 | 49.00 | 5/22/2026 | Yes | 12 | 74 | None | |
| TEL | TE Connectivity plc | Options Chain | 5.00 | 5.60 | 1.25 | 5.00 | 0.25 | 0.53 | 1 | 16 | -0.23 | -0.17 | 215.00 | 200.00 | 5/15/2026 | Yes | 10 | 60 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.30 | 7.50 | 1.25 | 5.00 | 0.25 | 0.54 | 37 | 16 | -0.29 | -0.14 | 177.69 | 170.00 | 5/22/2026 | No | 12 | 53 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.76 | 1.03 | 0.25 | 1.00 | 0.25 | 0.29 | 6 | 4 | -0.25 | -0.01 | 48.89 | 45.00 | 5/22/2026 | Yes | 10 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 2.19 | 2.97 | 0.25 | 1.00 | 0.25 | 0.32 | 99 | 8 | -0.28 | -0.05 | 127.26 | 120.00 | 5/22/2026 | Yes | 8 | 58 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 1.00 | 0.25 | 1.00 | 0.25 | 0.24 | 10 | 0 | -0.28 | -0.02 | 49.05 | 47.00 | 5/15/2026 | Yes | 8 | 61 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.75 | 0.25 | 1.00 | 0.25 | 0.44 | 11 | 0 | -0.29 | -0.02 | 22.50 | 22.00 | 5/15/2026 | Yes | 18 | 65 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.95 | 1.25 | 0.25 | 1.00 | 0.25 | 0.35 | 20 | 1 | -0.30 | -0.03 | 47.79 | 47.00 | 5/15/2026 | Yes | 10 | 73 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.55 | 8.05 | 1.20 | 5.00 | 0.24 | 0.35 | 16 | 12 | -0.29 | -0.17 | 310.04 | 290.00 | 5/22/2026 | Yes | 10 | 65 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.65 | 2.70 | 0.23 | 1.00 | 0.23 | 0.45 | 189 | 4 | -0.30 | -0.05 | 69.28 | 64.00 | 5/22/2026 | Yes | 10 | 58 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.20 | 0.23 | 1.00 | 0.23 | 0.41 | 13 | 13 | -0.30 | -0.02 | 41.13 | 39.00 | 5/15/2026 | Yes | 11 | 69 | None | |
| T | AT&T Inc | Options Chain | 0.53 | 0.75 | 0.23 | 1.00 | 0.23 | 0.31 | 5 | 18 | -0.30 | -0.01 | 28.14 | 26.00 | 5/22/2026 | Yes | 9 | 57 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.55 | 1.90 | 0.23 | 1.00 | 0.23 | 0.42 | 1 | 1 | -0.30 | -0.04 | 58.06 | 56.00 | 5/22/2026 | Yes | 8 | 53 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.73 | 3.75 | 1.15 | 5.00 | 0.23 | 0.36 | 22 | 26 | -0.26 | -0.07 | 156.22 | 145.00 | 5/22/2026 | Yes | 10 | 71 | None | |
| HD | Home Depot Inc | Options Chain | 5.95 | 6.75 | 1.15 | 5.00 | 0.23 | 0.32 | 4 | 6 | -0.27 | -0.15 | 336.16 | 315.00 | 5/22/2026 | Yes | 6 | 62 | None | |
| SYF | Synchrony Financial | Options Chain | 1.55 | 1.95 | 0.57 | 2.50 | 0.23 | 0.40 | 3 | 1020 | -0.30 | -0.05 | 71.97 | 67.50 | 5/15/2026 | Yes | 12 | 73 | None | |
| ROK | Rockwell Automation Inc | Options Chain | 7.90 | 9.80 | 2.20 | 10.00 | 0.22 | 0.46 | 0 | 2 | -0.25 | -0.28 | 389.97 | 360.00 | 5/15/2026 | Yes | 11 | 61 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.10 | 5.80 | 1.07 | 5.00 | 0.21 | 0.46 | 1 | 1 | -0.25 | -0.11 | 192.46 | 175.00 | 5/22/2026 | Yes | 11 | 68 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.50 | 1.85 | 0.50 | 2.50 | 0.20 | 0.37 | 29 | 79 | -0.29 | -0.04 | 78.12 | 72.50 | 5/15/2026 | No | 10 | 56 | None | |
| GRMN | Garmin Ltd | Options Chain | 4.50 | 6.00 | 1.95 | 10.00 | 0.20 | 0.45 | 27 | 0 | -0.24 | -0.17 | 250.00 | 230.00 | 5/15/2026 | Yes | 15 | 58 |
Dividend Stock List |
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| JPM | JPMorgan Chase & Company | Options Chain | 4.85 | 6.00 | 0.95 | 5.00 | 0.19 | 0.31 | 104 | 106 | -0.26 | -0.14 | 307.97 | 290.00 | 5/22/2026 | Yes | 8 | 79 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.85 | 2.05 | 0.47 | 2.50 | 0.19 | 0.36 | 115 | 14 | -0.28 | -0.06 | 98.45 | 92.50 | 5/15/2026 | Yes | 10 | 72 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.00 | 1.45 | 0.45 | 2.50 | 0.18 | 0.22 | 2 | 0 | -0.25 | -0.02 | 99.30 | 95.00 | 5/15/2026 | No | 12 | 67 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.44 | 65 | 1 | -0.26 | -0.01 | 20.75 | 19.00 | 5/15/2026 | Yes | 7 | 58 | None | |
| C | Citigroup Inc | Options Chain | 2.77 | 3.70 | 0.18 | 1.00 | 0.18 | 0.40 | 5 | 1 | -0.29 | -0.06 | 117.13 | 115.00 | 5/22/2026 | Yes | 14 | 77 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.65 | 0.18 | 1.00 | 0.18 | 0.35 | 4 | 205 | -0.29 | -0.02 | 27.47 | 26.00 | 5/15/2026 | Yes | 14 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.30 | 0.09 | 0.50 | 0.18 | 0.43 | 20 | 268 | -0.22 | -0.01 | 11.52 | 11.00 | 5/22/2026 | Yes | 8 | 48 | None | |
| RTX | RTX Corp | Options Chain | 3.85 | 4.80 | 0.89 | 5.00 | 0.18 | 0.35 | 3 | 0 | -0.27 | -0.09 | 198.42 | 190.00 | 5/22/2026 | Yes | 12 | 64 | None | |
| CARR | Carrier Global Corp | Options Chain | 0.90 | 1.25 | 0.43 | 2.50 | 0.17 | 0.46 | 0 | 8 | -0.21 | -0.03 | 58.29 | 52.50 | 5/15/2026 | Yes | 7 | 56 | None | |
| SYY | Sysco Corp | Options Chain | 0.90 | 1.15 | 0.43 | 2.50 | 0.17 | 0.32 | 14 | 3 | -0.22 | -0.04 | 73.97 | 70.00 | 5/15/2026 | Yes | 12 | 62 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.25 | 0.35 | 0.17 | 1.00 | 0.17 | 0.45 | 1 | 0 | -0.26 | -0.01 | 11.51 | 11.00 | 5/15/2026 | Yes | 16 | 56 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.70 | 0.17 | 1.00 | 0.17 | 0.48 | 13 | 0 | -0.26 | -0.02 | 24.21 | 22.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.42 | 0.62 | 0.17 | 1.00 | 0.17 | 0.28 | 1 | 0 | -0.27 | -0.01 | 32.96 | 31.00 | 5/22/2026 | Yes | 11 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 4.85 | 5.95 | 0.17 | 1.00 | 0.17 | 0.52 | 11 | 1 | -0.30 | -0.11 | 143.66 | 133.00 | 5/22/2026 | No | 9 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.15 | 4.35 | 0.85 | 5.00 | 0.17 | 0.26 | 0 | 1 | -0.28 | -0.10 | 241.30 | 230.00 | 5/22/2026 | Yes | 9 | 66 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.00 | 1.35 | 0.40 | 2.50 | 0.16 | 0.57 | 4 | 5 | -0.22 | -0.04 | 48.18 | 42.50 | 5/15/2026 | Yes | 12 | 68 | None | |
| OKE | Oneok Inc | Options Chain | 1.20 | 1.65 | 0.78 | 5.00 | 0.16 | 0.35 | 43 | 96 | -0.21 | -0.03 | 86.77 | 80.00 | 5/15/2026 | Yes | 9 | 66 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.30 | 0.15 | 1.00 | 0.15 | 0.46 | 70 | 0 | -0.22 | -0.01 | 11.35 | 11.00 | 5/15/2026 | Yes | 9 | 43 | None | |
| KO | Coca-Cola Company | Options Chain | 0.83 | 1.28 | 0.15 | 1.00 | 0.15 | 0.23 | 0 | 165 | -0.27 | -0.03 | 77.29 | 74.00 | 5/22/2026 | Yes | 8 | 62 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.50 | 0.15 | 1.00 | 0.15 | 0.35 | 9 | 0 | -0.27 | -0.01 | 21.29 | 20.00 | 5/15/2026 | Yes | 15 | 68 | None |