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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PR | Permian Resources Corp - Class A | Options Chain | 0.60 | 0.85 | 0.33 | 1.00 | 0.33 | 0.47 | 1 | 0 | -0.29 | -0.01 | 21.69 | 20.00 | 5/15/2026 | Yes | 10 | 66 | None | |
| EQNR | Equinor ASA | Options Chain | 1.75 | 1.90 | 0.33 | 1.00 | 0.33 | 0.57 | 3 | 3 | -0.30 | -0.03 | 41.60 | 39.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| VST | Vistra Corp | Options Chain | 7.05 | 7.70 | 1.58 | 5.00 | 0.32 | 0.65 | 6 | 4 | -0.30 | -0.14 | 154.88 | 135.00 | 5/15/2026 | Yes | 6 | 54 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 3.30 | 3.70 | 0.77 | 2.50 | 0.31 | 0.60 | 85 | 4 | -0.29 | -0.07 | 80.60 | 75.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| AMAT | Applied Materials Inc | Options Chain | 14.75 | 15.65 | 2.87 | 10.00 | 0.29 | 0.68 | 79 | 50 | -0.28 | -0.30 | 337.17 | 290.00 | 5/15/2026 | No | 14 | 63 |
Dividend Stock List |
|
| APH | Amphenol Corp - Class A | Options Chain | 4.80 | 5.30 | 1.35 | 5.00 | 0.27 | 0.68 | 12 | 119 | -0.25 | -0.11 | 123.00 | 105.00 | 5/15/2026 | Yes | 12 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.75 | 11.10 | 2.68 | 10.00 | 0.27 | 0.53 | 1194 | 754 | -0.29 | -0.22 | 300.68 | 270.00 | 5/15/2026 | No | 11 | 67 | None | |
| AA | Alcoa Corp | Options Chain | 2.91 | 3.15 | 1.32 | 5.00 | 0.26 | 0.77 | 91 | 90 | -0.26 | -0.06 | 63.22 | 55.00 | 5/15/2026 | Yes | 12 | 51 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.54 | 0.84 | 0.26 | 1.00 | 0.26 | 0.43 | 11 | 37 | -0.22 | -0.01 | 28.90 | 26.00 | 5/15/2026 | Yes | 14 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.70 | 9.00 | 2.57 | 10.00 | 0.26 | 0.51 | 143 | 109 | -0.28 | -0.19 | 257.58 | 240.00 | 5/15/2026 | Yes | 12 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.60 | 9.15 | 1.28 | 5.00 | 0.26 | 0.42 | 20 | 59 | -0.28 | -0.24 | 356.15 | 335.00 | 5/8/2026 | Yes | 15 | 72 | None | |
| RRC | Range Resources Corp | Options Chain | 1.30 | 1.60 | 0.25 | 1.00 | 0.25 | 0.46 | 2 | 3 | -0.28 | -0.03 | 47.49 | 43.00 | 5/15/2026 | Yes | 16 | 62 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.20 | 1.45 | 0.25 | 1.00 | 0.25 | 0.48 | 17 | 0 | -0.30 | -0.02 | 37.79 | 35.00 | 5/15/2026 | Yes | 14 | 78 | None | |
| SLB | SLB | Options Chain | 1.53 | 1.68 | 0.61 | 2.50 | 0.24 | 0.48 | 278 | 45 | -0.27 | -0.04 | 53.71 | 47.50 | 5/15/2026 | Yes | 8 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.70 | 11.30 | 2.42 | 10.00 | 0.24 | 0.52 | 678 | 248 | -0.29 | -0.25 | 324.55 | 290.00 | 5/15/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| RIO | Rio Tinto plc | Options Chain | 2.40 | 2.55 | 0.60 | 2.50 | 0.24 | 0.42 | 18 | 187 | -0.28 | -0.06 | 86.20 | 82.50 | 5/15/2026 | Yes | 11 | 74 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 4.15 | 4.30 | 1.18 | 5.00 | 0.24 | 0.38 | 598 | 352 | -0.28 | -0.08 | 171.47 | 160.00 | 5/15/2026 | Yes | 11 | 71 | None | |
| VZ | Verizon Communications Inc | Options Chain | 1.01 | 1.07 | 0.23 | 1.00 | 0.23 | 0.31 | 135 | 83 | -0.27 | -0.01 | 50.30 | 47.00 | 5/15/2026 | Yes | 9 | 74 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.45 | 3.00 | 0.23 | 1.00 | 0.23 | 0.91 | 8 | 4 | -0.28 | -0.05 | 44.45 | 36.00 | 5/15/2026 | Yes | 16 | 50 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.65 | 1.85 | 0.57 | 2.50 | 0.23 | 0.47 | 3 | 67 | -0.24 | -0.04 | 69.02 | 62.50 | 5/15/2026 | No | 10 | 56 | None | |
| APA | APA Corporation | Options Chain | 1.37 | 1.52 | 0.55 | 2.50 | 0.22 | 0.66 | 43 | 64 | -0.22 | -0.03 | 44.56 | 37.50 | 5/15/2026 | Yes | 9 | 58 | None | |
| ERIC | Telefonaktiebolaget L M Ericsson | Options Chain | 0.30 | 0.40 | 0.22 | 1.00 | 0.22 | 0.50 | 0 | 20 | -0.26 | -0.01 | 11.08 | 10.00 | 5/15/2026 | Yes | 16 | 56 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.70 | 0.90 | 0.22 | 1.00 | 0.22 | 0.54 | 51 | 29 | -0.27 | -0.01 | 23.20 | 21.00 | 5/15/2026 | Yes | 8 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.63 | 0.68 | 0.22 | 1.00 | 0.22 | 0.34 | 995 | 207 | -0.29 | -0.01 | 29.06 | 27.00 | 5/15/2026 | Yes | 11 | 66 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.08 | 2.18 | 0.54 | 2.50 | 0.22 | 0.46 | 92 | 164 | -0.26 | -0.04 | 77.05 | 70.00 | 5/15/2026 | Yes | 12 | 76 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 5.40 | 5.70 | 2.15 | 10.00 | 0.21 | 0.46 | 40 | 4 | -0.23 | -0.14 | 252.00 | 220.00 | 5/15/2026 | Yes | 14 | 72 | None | |
| C | Citigroup Inc | Options Chain | 3.10 | 3.20 | 0.53 | 2.50 | 0.21 | 0.48 | 10 | 50 | -0.26 | -0.06 | 107.27 | 97.50 | 5/15/2026 | Yes | 13 | 73 | None | |
| V | Visa Inc - Class A | Options Chain | 6.40 | 6.70 | 1.05 | 5.00 | 0.21 | 0.35 | 49 | 54 | -0.27 | -0.15 | 295.37 | 280.00 | 5/15/2026 | Yes | 10 | 65 | None | |
| TGT | Target Corp | Options Chain | 2.70 | 2.85 | 1.05 | 5.00 | 0.21 | 0.38 | 45 | 129 | -0.27 | -0.06 | 119.60 | 110.00 | 5/15/2026 | No | 11 | 55 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 1.25 | 1.75 | 0.52 | 2.50 | 0.21 | 0.44 | 5 | 0 | -0.27 | -0.03 | 57.45 | 52.50 | 5/15/2026 | Yes | 13 | 78 | None | |
| SYY | Sysco Corp | Options Chain | 1.60 | 2.00 | 1.02 | 5.00 | 0.20 | 0.35 | 380 | 201 | -0.29 | -0.03 | 82.56 | 65.00 | 5/15/2026 | Yes | 10 | 63 | None | |
| ING | ING Groep N.V. | Options Chain | 0.65 | 0.75 | 0.20 | 1.00 | 0.20 | 0.47 | 1 | 0 | -0.21 | -0.01 | 24.79 | 22.00 | 5/15/2026 | Yes | 13 | 60 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.75 | 0.20 | 1.00 | 0.20 | 0.56 | 16 | 1 | -0.24 | -0.02 | 20.24 | 18.00 | 5/15/2026 | Yes | 15 | 47 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.25 | 1.80 | 0.93 | 5.00 | 0.19 | 0.40 | 43 | 9 | -0.29 | -0.02 | 53.07 | 50.00 | 5/15/2026 | Yes | 8 | 56 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.55 | 1.90 | 0.90 | 5.00 | 0.18 | 0.49 | 23 | 0 | -0.25 | -0.04 | 62.08 | 55.00 | 5/15/2026 | Yes | 10 | 73 | None | |
| MET | Metlife Inc | Options Chain | 1.45 | 1.90 | 0.45 | 2.50 | 0.18 | 0.42 | 1 | 4 | -0.26 | -0.04 | 67.70 | 62.50 | 5/15/2026 | Yes | 12 | 60 | None | |
| WMT | Walmart Inc | Options Chain | 2.16 | 2.30 | 0.86 | 5.00 | 0.17 | 0.33 | 4567 | 781 | -0.26 | -0.06 | 123.50 | 115.00 | 5/15/2026 | No | 9 | 56 | None | |
| RF | Regions Financial Corp | Options Chain | 0.55 | 0.65 | 0.17 | 1.00 | 0.17 | 0.44 | 5 | 1 | -0.24 | -0.01 | 25.38 | 23.00 | 5/15/2026 | Yes | 13 | 60 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.81 | 0.97 | 0.42 | 2.50 | 0.17 | 0.43 | 376 | 8 | -0.22 | -0.02 | 44.26 | 40.00 | 5/15/2026 | Yes | 12 | 72 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.60 | 2.00 | 0.82 | 5.00 | 0.16 | 0.24 | 6 | 14 | -0.26 | -0.04 | 131.71 | 125.00 | 5/15/2026 | Yes | 8 | 75 | None | |
| KEY | Keycorp | Options Chain | 0.49 | 0.53 | 0.16 | 1.00 | 0.16 | 0.41 | 3 | 0 | -0.28 | -0.01 | 19.30 | 18.00 | 5/15/2026 | Yes | 14 | 67 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.75 | 1.23 | 0.39 | 2.50 | 0.16 | 0.33 | 136 | 19 | -0.24 | -0.02 | 58.54 | 55.00 | 5/15/2026 | Yes | 15 | 60 | None | |
| BTI | British American Tobacco Plc | Options Chain | 0.95 | 1.15 | 0.75 | 5.00 | 0.15 | 0.30 | 115 | 0 | -0.25 | -0.03 | 58.26 | 55.00 | 5/15/2026 | Yes | 9 | 61 | None | |
| VTRS | Viatris Inc | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.46 | 3 | 0 | -0.29 | -0.01 | 13.01 | 12.00 | 5/15/2026 | Yes | 6 | 51 | None |