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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.09 | 1.51 | 0.60 | 1.00 | 0.60 | 0.48 | 5 | 3 | -0.28 | -0.03 | 37.42 | 38.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.65 | 1.17 | 0.27 | 0.50 | 0.54 | 0.50 | 3 | 20 | -0.29 | -0.02 | 24.79 | 24.00 | 5/29/2026 | No | 8 | 53 | None | |
| EBAY | EBay Inc | Options Chain | 2.26 | 3.70 | 0.47 | 1.00 | 0.47 | 0.43 | 1 | 0 | -0.29 | -0.06 | 95.58 | 95.00 | 5/29/2026 | Yes | 9 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.55 | 7.80 | 1.83 | 5.00 | 0.37 | 0.40 | 2 | 0 | -0.30 | -0.14 | 237.12 | 235.00 | 5/29/2026 | Yes | 13 | 74 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 7.00 | 9.25 | 1.70 | 5.00 | 0.34 | 0.62 | 6 | 8 | -0.28 | -0.17 | 181.91 | 175.00 | 5/29/2026 | No | 12 | 53 | None | |
| ABT | Abbott Laboratories | Options Chain | 1.25 | 1.80 | 0.33 | 1.00 | 0.33 | 0.27 | 14 | 13 | -0.27 | -0.04 | 102.60 | 91.00 | 5/29/2026 | Yes | 12 | 63 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.30 | 2.65 | 0.33 | 1.00 | 0.33 | 0.61 | 1 | 0 | -0.30 | -0.05 | 56.90 | 52.00 | 5/29/2026 | Yes | 18 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.45 | 8.55 | 1.57 | 5.00 | 0.31 | 0.36 | 6 | 1 | -0.30 | -0.19 | 306.34 | 300.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 5.90 | 7.25 | 0.75 | 2.50 | 0.30 | 0.53 | 35 | 4 | -0.29 | -0.14 | 137.95 | 165.00 | 5/29/2026 | No | 7 | 60 | None | |
| GE | General Electric Company | Options Chain | 6.45 | 8.75 | 1.35 | 5.00 | 0.27 | 0.40 | 22 | 26 | -0.28 | -0.20 | 312.70 | 280.00 | 5/29/2026 | Yes | 12 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 2.30 | 3.25 | 0.27 | 1.00 | 0.27 | 0.32 | 0 | 2 | -0.30 | -0.06 | 128.98 | 119.00 | 5/29/2026 | Yes | 8 | 56 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.45 | 10.05 | 1.32 | 5.00 | 0.26 | 0.36 | 47 | 49 | -0.28 | -0.22 | 373.10 | 395.00 | 5/29/2026 | Yes | 15 | 72 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.07 | 1.55 | 0.26 | 1.00 | 0.26 | 0.39 | 0 | 1 | -0.26 | -0.03 | 58.29 | 53.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.53 | 2.04 | 0.25 | 1.00 | 0.25 | 0.35 | 12 | 0 | -0.28 | -0.04 | 83.10 | 79.00 | 5/29/2026 | Yes | 9 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.45 | 1.63 | 0.25 | 1.00 | 0.25 | 0.30 | 2 | 5 | -0.29 | -0.03 | 86.02 | 77.00 | 5/29/2026 | No | 12 | 74 | None | |
| APA | APA Corporation | Options Chain | 1.30 | 1.56 | 0.24 | 1.00 | 0.24 | 0.52 | 1 | 0 | -0.30 | -0.03 | 38.77 | 35.00 | 5/29/2026 | Yes | 9 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.25 | 10.45 | 1.10 | 5.00 | 0.22 | 0.41 | 125 | 129 | -0.28 | -0.23 | 366.40 | 340.00 | 5/29/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| JNJ | Johnson & Johnson | Options Chain | 3.20 | 3.95 | 1.10 | 5.00 | 0.22 | 0.24 | 31 | 19 | -0.29 | -0.08 | 241.50 | 225.00 | 5/29/2026 | No | 10 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.73 | 1.00 | 0.21 | 1.00 | 0.21 | 0.27 | 41 | 14 | -0.26 | -0.02 | 52.55 | 51.00 | 5/29/2026 | No | 10 | 65 | None | |
| T | AT&T Inc | Options Chain | 0.42 | 0.54 | 0.21 | 1.00 | 0.21 | 0.30 | 25 | 26 | -0.27 | -0.01 | 26.90 | 25.00 | 5/29/2026 | Yes | 8 | 57 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.88 | 2.36 | 0.21 | 1.00 | 0.21 | 0.49 | 0 | 5 | -0.28 | -0.05 | 66.15 | 63.00 | 5/29/2026 | Yes | 11 | 55 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.85 | 5.00 | 1.03 | 5.00 | 0.21 | 0.25 | 9 | 6 | -0.26 | -0.12 | 309.90 | 295.00 | 5/29/2026 | No | 9 | 78 | None | |
| RTX | RTX Corp | Options Chain | 3.70 | 4.50 | 1.03 | 5.00 | 0.21 | 0.34 | 2 | 5 | -0.29 | -0.09 | 202.89 | 185.00 | 5/29/2026 | Yes | 11 | 60 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.52 | 0.78 | 0.20 | 1.00 | 0.20 | 0.28 | 9 | 0 | -0.24 | -0.02 | 47.85 | 44.00 | 5/29/2026 | Yes | 9 | 73 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.29 | 0.10 | 0.50 | 0.20 | 0.38 | 47 | 13 | -0.26 | -0.01 | 12.23 | 11.50 | 5/29/2026 | Yes | 8 | 48 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.35 | 0.64 | 0.19 | 1.00 | 0.19 | 0.35 | 1 | 0 | -0.23 | -0.01 | 28.42 | 27.00 | 5/29/2026 | Yes | 14 | 70 | None | |
| MDT | Medtronic Plc | Options Chain | 1.08 | 1.69 | 0.19 | 1.00 | 0.19 | 0.23 | 1 | 0 | -0.30 | -0.03 | 88.58 | 83.00 | 5/29/2026 | Yes | 11 | 65 | None | |
| MS | Morgan Stanley | Options Chain | 2.56 | 3.70 | 0.90 | 5.00 | 0.18 | 0.31 | 24 | 30 | -0.25 | -0.08 | 177.77 | 175.00 | 5/29/2026 | Yes | 10 | 67 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.56 | 2.71 | 0.86 | 5.00 | 0.17 | 0.32 | 45 | 41 | -0.21 | -0.05 | 154.33 | 140.00 | 5/29/2026 | Yes | 9 | 64 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.46 | 2.33 | 0.16 | 1.00 | 0.16 | 0.30 | 15 | 0 | -0.30 | -0.04 | 97.04 | 88.00 | 5/29/2026 | Yes | 10 | 70 | None |