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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | Options Chain | 2.25 | 2.31 | 0.36 | 1.00 | 0.36 | 0.59 | 2668 | 3 | -0.27 | -0.04 | 57.05 | 50.00 | 5/15/2026 | Yes | 11 | 59 | None | |
| ROK | Rockwell Automation Inc | Options Chain | 10.70 | 13.10 | 3.10 | 10.00 | 0.31 | 0.45 | 1 | 0 | -0.29 | -0.23 | 360.65 | 330.00 | 5/15/2026 | Yes | 13 | 59 | None | |
| GLW | Corning Inc | Options Chain | 7.10 | 7.40 | 1.50 | 5.00 | 0.30 | 0.74 | 352 | 135 | -0.27 | -0.13 | 135.32 | 120.00 | 5/15/2026 | Yes | 9 | 57 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.84 | 0.98 | 0.30 | 1.00 | 0.30 | 0.51 | 87 | 3 | -0.28 | -0.02 | 25.83 | 23.00 | 5/15/2026 | No | 8 | 53 | None | |
| HAL | Halliburton Company | Options Chain | 1.17 | 1.29 | 0.30 | 1.00 | 0.30 | 0.44 | 1 | 1 | -0.29 | -0.03 | 38.72 | 36.00 | 5/15/2026 | Yes | 9 | 62 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 6.55 | 7.35 | 1.47 | 5.00 | 0.29 | 0.55 | 94 | 24 | -0.28 | -0.12 | 175.82 | 160.00 | 5/15/2026 | No | 14 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 1.11 | 1.23 | 0.29 | 1.00 | 0.29 | 0.29 | 363 | 58 | -0.30 | -0.01 | 50.74 | 48.00 | 5/15/2026 | Yes | 9 | 74 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.60 | 0.95 | 0.28 | 1.00 | 0.28 | 0.46 | 11 | 0 | -0.30 | -0.01 | 21.46 | 20.00 | 5/15/2026 | Yes | 10 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.90 | 6.10 | 1.40 | 5.00 | 0.28 | 0.57 | 311 | 220 | -0.29 | -0.10 | 146.02 | 130.00 | 5/15/2026 | No | 9 | 66 | None | |
| TOL | Toll Brothers Inc | Options Chain | 3.50 | 4.50 | 1.35 | 5.00 | 0.27 | 0.41 | 4 | 3 | -0.29 | -0.08 | 136.91 | 125.00 | 5/15/2026 | No | 11 | 59 | None | |
| EQNR | Equinor ASA | Options Chain | 1.25 | 1.45 | 0.27 | 1.00 | 0.27 | 0.52 | 11 | 0 | -0.26 | -0.03 | 40.20 | 37.00 | 5/15/2026 | Yes | 8 | 51 | None | |
| BCS | Barclays plc | Options Chain | 0.75 | 0.95 | 0.27 | 1.00 | 0.27 | 0.54 | 0 | 10 | -0.29 | -0.02 | 20.66 | 19.00 | 5/15/2026 | Yes | 15 | 47 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.15 | 12.00 | 2.68 | 10.00 | 0.27 | 0.50 | 309 | 124 | -0.28 | -0.23 | 326.11 | 300.00 | 5/15/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| OXY | Occidental Petroleum Corp | Options Chain | 1.99 | 2.09 | 0.67 | 2.50 | 0.27 | 0.43 | 38 | 294 | -0.29 | -0.04 | 61.85 | 60.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.75 | 3.10 | 0.65 | 2.50 | 0.26 | 0.56 | 6 | 3 | -0.26 | -0.06 | 77.72 | 70.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| GM | General Motors Company | Options Chain | 2.42 | 2.59 | 0.65 | 2.50 | 0.26 | 0.46 | 25 | 9 | -0.28 | -0.05 | 75.60 | 70.00 | 5/15/2026 | Yes | 10 | 60 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 2.10 | 2.25 | 0.65 | 2.50 | 0.26 | 0.32 | 9 | 1012 | -0.29 | -0.05 | 91.88 | 87.50 | 5/15/2026 | Yes | 18 | 72 | None | |
| HPQ | HP Inc | Options Chain | 0.60 | 0.79 | 0.26 | 1.00 | 0.26 | 0.47 | 3 | 10 | -0.29 | -0.01 | 19.32 | 18.00 | 5/15/2026 | No | 10 | 42 | None | |
| C | Citigroup Inc | Options Chain | 3.90 | 4.05 | 1.28 | 5.00 | 0.26 | 0.45 | 26 | 41 | -0.30 | -0.06 | 112.41 | 105.00 | 5/15/2026 | Yes | 14 | 77 | None | |
| APA | APA Corporation | Options Chain | 1.56 | 1.73 | 0.64 | 2.50 | 0.26 | 0.63 | 17 | 6 | -0.25 | -0.03 | 41.46 | 37.50 | 5/15/2026 | Yes | 9 | 51 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 5.10 | 5.80 | 1.25 | 5.00 | 0.25 | 0.43 | 1 | 2 | -0.26 | -0.11 | 196.00 | 185.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 5.40 | 5.80 | 1.25 | 5.00 | 0.25 | 0.64 | 309 | 4 | -0.28 | -0.10 | 123.13 | 110.00 | 5/15/2026 | Yes | 9 | 58 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.75 | 0.95 | 0.25 | 1.00 | 0.25 | 0.47 | 274 | 3 | -0.28 | -0.02 | 25.96 | 24.00 | 5/15/2026 | Yes | 11 | 56 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.20 | 1.40 | 0.25 | 1.00 | 0.25 | 0.46 | 20 | 0 | -0.29 | -0.02 | 39.14 | 36.00 | 5/15/2026 | Yes | 11 | 68 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.75 | 1.00 | 0.25 | 1.00 | 0.25 | 0.51 | 53 | 10 | -0.29 | -0.01 | 24.10 | 22.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.24 | 2.56 | 0.62 | 2.50 | 0.25 | 0.56 | 337 | 49 | -0.26 | -0.05 | 66.86 | 60.00 | 5/15/2026 | Yes | 15 | 67 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.80 | 2.05 | 0.60 | 2.50 | 0.24 | 0.50 | 4 | 43 | -0.28 | -0.03 | 59.25 | 50.00 | 5/15/2026 | Yes | 6 | 56 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.20 | 10.45 | 2.38 | 10.00 | 0.24 | 0.52 | 346 | 594 | -0.26 | -0.21 | 309.42 | 280.00 | 5/15/2026 | No | 9 | 65 | None | |
| GE | General Electric Company | Options Chain | 7.90 | 8.55 | 2.30 | 10.00 | 0.23 | 0.46 | 22 | 22 | -0.26 | -0.16 | 296.48 | 260.00 | 5/15/2026 | Yes | 9 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.70 | 3.90 | 1.14 | 5.00 | 0.23 | 0.45 | 10 | 14 | -0.26 | -0.08 | 130.54 | 120.00 | 5/15/2026 | Yes | 11 | 72 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.75 | 4.00 | 1.11 | 5.00 | 0.22 | 0.34 | 373 | 447 | -0.28 | -0.07 | 165.43 | 155.00 | 5/15/2026 | Yes | 11 | 71 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 6.80 | 7.15 | 1.10 | 5.00 | 0.22 | 0.37 | 43 | 37 | -0.27 | -0.13 | 291.66 | 270.00 | 5/15/2026 | Yes | 9 | 79 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.45 | 1.90 | 0.55 | 2.50 | 0.22 | 0.43 | 1 | 1 | -0.24 | -0.04 | 69.69 | 62.50 | 5/15/2026 | No | 10 | 56 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.45 | 0.68 | 0.22 | 1.00 | 0.22 | 0.23 | 31 | 6 | -0.24 | -0.01 | 39.10 | 37.00 | 5/15/2026 | Yes | 10 | 68 | None | |
| EXC | Exelon Corp | Options Chain | 0.75 | 1.15 | 0.22 | 1.00 | 0.22 | 0.27 | 1 | 0 | -0.29 | -0.02 | 48.40 | 46.00 | 5/15/2026 | Yes | 10 | 69 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.15 | 2.29 | 0.54 | 2.50 | 0.22 | 0.44 | 56 | 119 | -0.27 | -0.04 | 80.51 | 72.50 | 5/15/2026 | Yes | 12 | 75 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.75 | 7.50 | 2.15 | 10.00 | 0.21 | 0.48 | 122 | 59 | -0.24 | -0.17 | 268.05 | 240.00 | 5/15/2026 | Yes | 12 | 66 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.78 | 3.15 | 1.07 | 5.00 | 0.21 | 0.29 | 139 | 94 | -0.30 | -0.05 | 142.42 | 135.00 | 5/15/2026 | Yes | 11 | 72 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.63 | 0.67 | 0.21 | 1.00 | 0.21 | 0.29 | 39 | 14 | -0.27 | -0.01 | 34.10 | 32.00 | 5/15/2026 | Yes | 10 | 60 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.22 | 1.43 | 0.52 | 2.50 | 0.21 | 0.34 | 60 | 227 | -0.26 | -0.02 | 59.28 | 55.00 | 5/15/2026 | Yes | 15 | 60 | None | |
| BG | Bunge Global SA | Options Chain | 2.30 | 3.40 | 1.00 | 5.00 | 0.20 | 0.41 | 0 | 52 | -0.24 | -0.07 | 125.76 | 115.00 | 5/15/2026 | Yes | 9 | 66 | None | |
| T | AT&T Inc | Options Chain | 0.57 | 0.63 | 0.20 | 1.00 | 0.20 | 0.31 | 176 | 137 | -0.27 | -0.01 | 28.81 | 27.00 | 5/15/2026 | Yes | 11 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 2.36 | 2.50 | 0.98 | 5.00 | 0.20 | 0.31 | 297 | 496 | -0.26 | -0.05 | 122.18 | 115.00 | 5/15/2026 | No | 9 | 56 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.33 | 1.47 | 0.49 | 2.50 | 0.20 | 0.42 | 22 | 83 | -0.27 | -0.03 | 51.35 | 47.50 | 5/15/2026 | Yes | 9 | 63 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.70 | 1.80 | 0.48 | 2.50 | 0.19 | 0.39 | 102 | 102 | -0.24 | -0.04 | 82.16 | 75.00 | 5/15/2026 | Yes | 7 | 59 | None | |
| OKE | Oneok Inc | Options Chain | 1.60 | 2.20 | 0.95 | 5.00 | 0.19 | 0.39 | 2 | 16 | -0.23 | -0.04 | 93.57 | 85.00 | 5/15/2026 | Yes | 11 | 74 | None | |
| DOW | Dow Inc | Options Chain | 1.11 | 1.24 | 0.47 | 2.50 | 0.19 | 0.54 | 266 | 6 | -0.23 | -0.03 | 39.69 | 35.00 | 5/15/2026 | Yes | 6 | 47 | None | |
| OTIS | Otis Worldwide Corp | Options Chain | 1.45 | 1.85 | 0.47 | 2.50 | 0.19 | 0.33 | 0 | 32 | -0.27 | -0.04 | 77.44 | 72.50 | 5/15/2026 | Yes | 8 | 51 | None | |
| CLX | Clorox Company | Options Chain | 2.65 | 3.00 | 0.90 | 5.00 | 0.18 | 0.38 | 58 | 19 | -0.29 | -0.04 | 102.18 | 95.00 | 5/15/2026 | Yes | 13 | 57 | None | |
| SPG | Simon Property Group Inc | Options Chain | 2.65 | 3.40 | 0.88 | 5.00 | 0.18 | 0.30 | 3 | 3 | -0.24 | -0.08 | 181.57 | 170.00 | 5/15/2026 | Yes | 14 | 76 | None | |
| BTI | British American Tobacco Plc | Options Chain | 1.10 | 1.35 | 0.88 | 5.00 | 0.18 | 0.28 | 36 | 0 | -0.28 | -0.01 | 58.46 | 55.00 | 5/15/2026 | Yes | 13 | 70 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.36 | 1 | 0 | -0.27 | -0.01 | 19.42 | 18.00 | 5/15/2026 | Yes | 10 | 51 | None | |
| BK | Bank Of New York Mellon Corp | Options Chain | 1.80 | 2.75 | 0.85 | 5.00 | 0.17 | 0.40 | 2 | 2 | -0.22 | -0.05 | 116.65 | 105.00 | 5/15/2026 | Yes | 14 | 74 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.01 | 0.42 | 2.50 | 0.17 | 0.26 | 203 | 187 | -0.23 | -0.03 | 74.69 | 70.00 | 5/15/2026 | Yes | 8 | 62 | None | |
| APD | Air Products & Chemicals Inc | Options Chain | 4.70 | 5.80 | 1.60 | 10.00 | 0.16 | 0.33 | 17 | 106 | -0.24 | -0.11 | 293.17 | 270.00 | 5/15/2026 | Yes | 5 | 65 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.42 | 15 | 1 | -0.22 | -0.01 | 15.59 | 14.00 | 5/15/2026 | Yes | 10 | 66 | None |