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 | 8.20 | 10.25 | 2.03 | 5.00 | 0.41 | 0.34 | 38 | 2 | -0.28 | -0.18 | 393.67 | 370.00 | 3/27/2026 | No | 11 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 5.85 | 8.50 | 1.48 | 5.00 | 0.30 | 0.75 | 22 | 7 | -0.26 | -0.14 | 136.48 | 120.00 | 3/27/2026 | Yes | 7 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.85 | 13.20 | 2.88 | 10.00 | 0.29 | 0.65 | 675 | 262 | -0.27 | -0.29 | 327.20 | 280.00 | 3/20/2026 | Yes | 9 | 65 | None | |
| EQNR | Equinor ASA | Options Chain | 0.60 | 0.75 | 0.28 | 1.00 | 0.28 | 0.33 | 22 | 1010 | -0.30 | -0.01 | 26.66 | 25.00 | 3/20/2026 | Yes | 9 | 45 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.45 | 11.35 | 1.40 | 5.00 | 0.28 | 0.43 | 0 | 11 | -0.28 | -0.18 | 330.73 | 305.00 | 3/27/2026 | No | 20 | 62 |
Dividend Stock List |
|
| MPC | Marathon Petroleum Corp | Options Chain | 4.90 | 5.30 | 1.40 | 5.00 | 0.28 | 0.37 | 4 | 219 | -0.30 | -0.10 | 195.83 | 185.00 | 3/20/2026 | Yes | 12 | 70 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 24.90 | 28.65 | 2.70 | 10.00 | 0.27 | 0.39 | 27 | 149 | -0.29 | -0.61 | 1,103.97 | 960.00 | 3/20/2026 | Yes | 10 | 63 | None | |
| RIO | Rio Tinto plc | Options Chain | 2.60 | 2.85 | 0.65 | 2.50 | 0.26 | 0.40 | 42 | 42 | -0.30 | -0.04 | 91.12 | 85.00 | 3/20/2026 | Yes | 10 | 63 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 2.61 | 2.99 | 1.29 | 5.00 | 0.26 | 0.45 | 473 | 81 | -0.28 | -0.07 | 96.66 | 90.00 | 3/20/2026 | Yes | 4 | 47 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.00 | 1.20 | 0.25 | 1.00 | 0.25 | 0.37 | 32 | 4 | -0.30 | -0.02 | 42.76 | 40.00 | 3/20/2026 | No | 10 | 62 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.45 | 8.10 | 1.18 | 5.00 | 0.24 | 0.29 | 6 | 0 | -0.29 | -0.12 | 310.16 | 295.00 | 3/27/2026 | No | 8 | 79 | None | |
| MS | Morgan Stanley | Options Chain | 2.24 | 6.10 | 1.16 | 5.00 | 0.23 | 0.34 | 3 | 0 | -0.28 | -0.08 | 175.84 | 165.00 | 3/27/2026 | No | 10 | 75 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.35 | 1.75 | 0.55 | 2.50 | 0.22 | 0.35 | 57 | 275 | -0.30 | -0.04 | 62.50 | 60.00 | 3/20/2026 | Yes | 13 | 62 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.00 | 3.80 | 1.07 | 5.00 | 0.21 | 0.41 | 19 | 10 | -0.24 | -0.08 | 164.78 | 150.00 | 3/20/2026 | Yes | 11 | 69 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.40 | 4.10 | 1.05 | 5.00 | 0.21 | 0.53 | 57 | 23 | -0.25 | -0.09 | 133.00 | 115.00 | 3/20/2026 | No | 9 | 58 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.31 | 0.69 | 0.21 | 1.00 | 0.21 | 0.24 | 1 | 0 | -0.28 | -0.01 | 30.05 | 29.00 | 3/27/2026 | No | 8 | 59 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.95 | 2.75 | 1.00 | 5.00 | 0.20 | 0.31 | 4 | 1 | -0.26 | -0.06 | 128.64 | 125.00 | 3/20/2026 | Yes | 11 | 62 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.25 | 1.50 | 0.50 | 2.50 | 0.20 | 0.40 | 19 | 15 | -0.22 | -0.02 | 71.95 | 62.50 | 3/20/2026 | Yes | 9 | 56 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.82 | 1.22 | 0.50 | 2.50 | 0.20 | 0.27 | 15 | 6 | -0.30 | -0.02 | 55.14 | 52.50 | 3/20/2026 | No | 13 | 66 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.42 | 2 | 0 | -0.25 | -0.01 | 19.72 | 18.00 | 3/20/2026 | Yes | 11 | 55 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.90 | 0.20 | 1.00 | 0.20 | 0.42 | 6 | 0 | -0.29 | -0.01 | 25.77 | 24.00 | 3/20/2026 | No | 7 | 58 | None | |
| SYF | Synchrony Financial | Options Chain | 1.15 | 1.60 | 0.48 | 2.50 | 0.19 | 0.39 | 1064 | 15 | -0.23 | -0.04 | 73.99 | 67.50 | 3/20/2026 | No | 13 | 73 | None | |
| EXC | Exelon Corp | Options Chain | 0.45 | 0.80 | 0.18 | 1.00 | 0.18 | 0.22 | 11 | 24 | -0.27 | -0.01 | 44.06 | 42.00 | 3/20/2026 | Yes | 11 | 69 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.70 | 0.18 | 1.00 | 0.18 | 0.28 | 4 | 0 | -0.29 | -0.01 | 30.50 | 29.00 | 3/20/2026 | No | 15 | 69 | None | |
| KEY | Keycorp | Options Chain | 0.18 | 0.43 | 0.17 | 1.00 | 0.17 | 0.29 | 1 | 122 | -0.20 | -0.01 | 22.69 | 21.00 | 3/20/2026 | No | 15 | 68 | None | |
| BCS | Barclays plc | Options Chain | 0.40 | 0.60 | 0.17 | 1.00 | 0.17 | 0.41 | 146 | 0 | -0.22 | -0.01 | 26.52 | 23.00 | 3/20/2026 | Yes | 14 | 47 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.45 | 3 | 7 | -0.26 | -0.01 | 16.43 | 15.00 | 3/20/2026 | Yes | 11 | 66 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.50 | 0.17 | 1.00 | 0.17 | 0.33 | 13 | 0 | -0.29 | -0.01 | 19.00 | 18.00 | 3/20/2026 | Yes | 8 | 50 | None | |
| CLX | Clorox Company | Options Chain | 1.40 | 1.50 | 0.80 | 5.00 | 0.16 | 0.28 | 1577 | 15 | -0.21 | -0.05 | 117.61 | 110.00 | 3/20/2026 | No | 13 | 50 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 1.15 | 1.40 | 0.40 | 2.50 | 0.16 | 0.51 | 14 | 127 | -0.23 | -0.03 | 53.88 | 47.50 | 3/20/2026 | No | 8 | 55 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.20 | 1.70 | 0.40 | 2.50 | 0.16 | 0.50 | 4 | 6 | -0.24 | -0.04 | 55.41 | 50.00 | 3/20/2026 | Yes | 8 | 55 | None | |
| UL | Unilever plc | Options Chain | 0.80 | 0.90 | 0.40 | 2.50 | 0.16 | 0.24 | 118 | 100 | -0.25 | -0.02 | 71.57 | 67.50 | 3/20/2026 | Yes | 8 | 65 | None | |
| VICI | VICI Properties Inc | Options Chain | 0.40 | 0.55 | 0.38 | 2.50 | 0.15 | 0.24 | 39 | 3 | -0.30 | -0.01 | 28.74 | 27.50 | 3/20/2026 | Yes | 9 | 67 | None |