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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | Procter & Gamble Company | Options Chain | 2.05 | 2.52 | 0.49 | 1.00 | 0.49 | 0.26 | 0 | 19 | -0.29 | -0.05 | 146.90 | 136.00 | 5/29/2026 | Yes | 9 | 65 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.12 | 1.98 | 0.44 | 1.00 | 0.44 | 0.29 | 3 | 0 | -0.28 | -0.06 | 91.98 | 87.00 | 5/29/2026 | Yes | 6 | 68 | None | |
| COP | Conoco Phillips | Options Chain | 2.41 | 3.15 | 0.44 | 1.00 | 0.44 | 0.37 | 2 | 0 | -0.29 | -0.05 | 116.04 | 113.00 | 5/29/2026 | Yes | 8 | 72 | None | |
| ABT | Abbott Laboratories | Options Chain | 1.20 | 1.65 | 0.43 | 1.00 | 0.43 | 0.26 | 503 | 7 | -0.27 | -0.05 | 96.81 | 89.00 | 5/29/2026 | No | 13 | 61 | None | |
| MDT | Medtronic Plc | Options Chain | 0.86 | 1.55 | 0.42 | 1.00 | 0.42 | 0.24 | 3 | 0 | -0.29 | -0.03 | 86.19 | 79.00 | 5/29/2026 | No | 11 | 65 | None | |
| DOW | Dow Inc | Options Chain | 1.12 | 1.62 | 0.37 | 1.00 | 0.37 | 0.55 | 38 | 1 | -0.29 | -0.03 | 38.01 | 35.00 | 5/29/2026 | Yes | 6 | 47 | None | |
| HPQ | HP Inc | Options Chain | 0.63 | 0.85 | 0.17 | 0.50 | 0.34 | 0.56 | 19 | 1015 | -0.28 | -0.02 | 18.39 | 19.50 | 5/29/2026 | Yes | 10 | 42 | None | |
| ORCL | Oracle Corp | Options Chain | 5.50 | 7.35 | 0.83 | 2.50 | 0.33 | 0.55 | 13 | 163 | -0.29 | -0.16 | 175.06 | 167.50 | 5/29/2026 | No | 7 | 61 | None | |
| MMM | 3M Company | Options Chain | 2.16 | 3.25 | 0.33 | 1.00 | 0.33 | 0.30 | 0 | 1 | -0.29 | -0.06 | 148.60 | 141.00 | 5/29/2026 | Yes | 9 | 62 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 24.75 | 30.50 | 1.60 | 5.00 | 0.32 | 0.45 | 20 | 1 | -0.30 | -0.69 | 927.03 | 850.00 | 5/29/2026 | Yes | 9 | 64 | None | |
| C | Citigroup Inc | Options Chain | 2.11 | 3.15 | 0.32 | 1.00 | 0.32 | 0.34 | 13 | 0 | -0.28 | -0.06 | 132.18 | 124.00 | 5/29/2026 | No | 14 | 77 | None | |
| HAL | Halliburton Company | Options Chain | 0.86 | 1.21 | 0.32 | 1.00 | 0.32 | 0.42 | 2 | 0 | -0.29 | -0.03 | 37.15 | 36.00 | 5/29/2026 | Yes | 10 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 1.18 | 1.38 | 0.32 | 1.00 | 0.32 | 0.48 | 42 | 49 | -0.30 | -0.03 | 40.52 | 37.00 | 5/29/2026 | Yes | 12 | 54 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.32 | 0.40 | 0.16 | 0.50 | 0.32 | 0.34 | 24 | 9 | -0.25 | -0.01 | 22.47 | 20.50 | 5/29/2026 | Yes | 5 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.10 | 1.29 | 0.31 | 1.00 | 0.31 | 0.41 | 4 | 1 | -0.30 | -0.03 | 44.23 | 43.00 | 5/29/2026 | Yes | 7 | 54 | None | |
| APA | APA Corporation | Options Chain | 1.02 | 1.38 | 0.30 | 1.00 | 0.30 | 0.56 | 1 | 0 | -0.26 | -0.03 | 35.74 | 34.00 | 5/29/2026 | Yes | 12 | 62 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.90 | 1.29 | 0.29 | 1.00 | 0.29 | 0.34 | 0 | 59 | -0.26 | -0.03 | 60.17 | 56.00 | 5/29/2026 | Yes | 15 | 60 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.40 | 3.00 | 0.29 | 1.00 | 0.29 | 0.49 | 10 | 7 | -0.29 | -0.05 | 71.72 | 65.00 | 5/29/2026 | No | 17 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 10.45 | 1.43 | 5.00 | 0.29 | 0.43 | 68 | 346 | -0.29 | -0.26 | 370.50 | 345.00 | 5/29/2026 | No | 20 | 62 |
Dividend Stock List |
|
| CSCO | Cisco Systems Inc | Options Chain | 1.92 | 2.46 | 0.28 | 1.00 | 0.28 | 0.37 | 1 | 0 | -0.30 | -0.05 | 83.10 | 85.00 | 5/29/2026 | Yes | 10 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.10 | 8.60 | 1.37 | 5.00 | 0.27 | 0.43 | 0 | 4 | -0.30 | -0.15 | 237.12 | 240.00 | 5/29/2026 | Yes | 13 | 74 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.90 | 9.50 | 1.35 | 5.00 | 0.27 | 0.36 | 154 | 77 | -0.28 | -0.24 | 422.79 | 400.00 | 5/29/2026 | Yes | 15 | 71 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.24 | 1.62 | 0.27 | 1.00 | 0.27 | 0.40 | 2 | 1 | -0.30 | -0.04 | 58.29 | 53.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.20 | 5.45 | 1.34 | 5.00 | 0.27 | 0.27 | 41 | 41 | -0.27 | -0.14 | 310.29 | 300.00 | 5/29/2026 | No | 13 | 79 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.58 | 3.30 | 1.34 | 5.00 | 0.27 | 0.33 | 6 | 7 | -0.28 | -0.06 | 146.44 | 140.00 | 5/29/2026 | Yes | 11 | 71 | None | |
| GE | General Electric Company | Options Chain | 5.45 | 6.50 | 1.28 | 5.00 | 0.26 | 0.36 | 39 | 61 | -0.27 | -0.17 | 304.13 | 270.00 | 5/29/2026 | Yes | 10 | 60 | None | |
| DHR | Danaher Corp | Options Chain | 3.30 | 4.10 | 1.27 | 5.00 | 0.25 | 0.33 | 59 | 1 | -0.27 | -0.11 | 194.75 | 185.00 | 5/29/2026 | Yes | 7 | 60 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.34 | 3.40 | 1.26 | 5.00 | 0.25 | 0.25 | 9 | 31 | -0.25 | -0.07 | 234.18 | 215.00 | 5/29/2026 | No | 12 | 73 | None | |
| HD | Home Depot Inc | Options Chain | 5.80 | 7.05 | 1.25 | 5.00 | 0.25 | 0.33 | 3 | 14 | -0.27 | -0.18 | 349.40 | 325.00 | 5/29/2026 | Yes | 6 | 62 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.23 | 1.65 | 0.25 | 1.00 | 0.25 | 0.31 | 30 | 10 | -0.27 | -0.03 | 81.41 | 77.00 | 5/29/2026 | No | 10 | 65 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.46 | 0.74 | 0.25 | 1.00 | 0.25 | 0.19 | 6 | 0 | -0.28 | 0.00 | 36.67 | 36.00 | 5/29/2026 | Yes | 10 | 67 | None | |
| F | Ford Motor Company | Options Chain | 0.28 | 0.35 | 0.12 | 0.50 | 0.24 | 0.38 | 24 | 8 | -0.30 | -0.01 | 12.87 | 12.00 | 5/29/2026 | Yes | 7 | 48 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.75 | 7.20 | 1.18 | 5.00 | 0.24 | 0.31 | 90 | 82 | -0.29 | -0.18 | 324.63 | 330.00 | 5/29/2026 | Yes | 8 | 58 | None | |
| VST | Vistra Corp | Options Chain | 4.40 | 5.60 | 1.17 | 5.00 | 0.23 | 0.59 | 7 | 4 | -0.26 | -0.14 | 163.46 | 140.00 | 5/29/2026 | Yes | 5 | 54 | None | |
| KO | Coca-Cola Company | Options Chain | 0.69 | 1.00 | 0.22 | 1.00 | 0.22 | 0.21 | 12 | 21 | -0.27 | -0.03 | 75.74 | 72.00 | 5/29/2026 | Yes | 8 | 62 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.46 | 0.59 | 0.21 | 1.00 | 0.21 | 0.27 | 7 | 5 | -0.28 | -0.01 | 32.02 | 30.00 | 5/29/2026 | Yes | 9 | 60 | None | |
| RTX | RTX Corp | Options Chain | 2.39 | 3.25 | 1.01 | 5.00 | 0.20 | 0.31 | 19 | 7 | -0.24 | -0.09 | 196.42 | 175.00 | 5/29/2026 | Yes | 11 | 60 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.73 | 0.91 | 0.20 | 1.00 | 0.20 | 0.28 | 1 | 17 | -0.27 | -0.02 | 53.91 | 51.00 | 5/29/2026 | No | 13 | 74 | None | |
| PCG | PG&E Corp | Options Chain | 0.29 | 0.44 | 0.10 | 0.50 | 0.20 | 0.37 | 0 | 2 | -0.27 | -0.01 | 17.26 | 16.00 | 5/29/2026 | Yes | 10 | 59 | None | |
| V | Visa Inc - Class A | Options Chain | 4.55 | 5.90 | 0.95 | 5.00 | 0.19 | 0.29 | 63 | 63 | -0.28 | -0.14 | 317.02 | 295.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 9.20 | 10.15 | 0.95 | 5.00 | 0.19 | 0.66 | 22 | 12 | -0.30 | -0.22 | 196.55 | 195.00 | 5/29/2026 | Yes | 15 | 60 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.30 | 0.95 | 0.18 | 1.00 | 0.18 | 0.42 | 22 | 0 | -0.23 | -0.02 | 30.89 | 29.00 | 5/29/2026 | Yes | 15 | 70 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.77 | 2.46 | 0.18 | 1.00 | 0.18 | 0.50 | 57 | 1 | -0.29 | -0.06 | 70.21 | 63.00 | 5/29/2026 | Yes | 10 | 55 | None | |
| T | AT&T Inc | Options Chain | 0.23 | 0.49 | 0.17 | 1.00 | 0.17 | 0.34 | 34 | 4 | -0.21 | -0.01 | 26.51 | 24.00 | 5/29/2026 | Yes | 12 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.80 | 0.17 | 1.00 | 0.17 | 0.28 | 27 | 26 | -0.26 | -0.02 | 46.55 | 44.00 | 5/29/2026 | Yes | 10 | 73 | None |