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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GSK | GSK Plc | Options Chain | 0.90 | 1.50 | 0.52 | 1.00 | 0.52 | 0.30 | 1 | 0 | -0.27 | -0.02 | 52.57 | 50.00 | 3/20/2026 | Yes | 11 | 66 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.85 | 2.05 | 1.22 | 2.50 | 0.49 | 0.33 | 77 | 0 | -0.24 | -0.04 | 83.03 | 70.00 | 3/20/2026 | Yes | 14 | 62 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.80 | 1.10 | 0.37 | 1.00 | 0.37 | 0.32 | 3 | 0 | -0.29 | -0.02 | 42.16 | 40.00 | 3/20/2026 | No | 10 | 68 | None | |
| IBM | International Business Machines Corp | Options Chain | 8.40 | 8.70 | 1.75 | 5.00 | 0.35 | 0.33 | 149 | 70 | -0.30 | -0.13 | 314.73 | 275.00 | 3/20/2026 | No | 9 | 63 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.65 | 0.95 | 0.35 | 1.00 | 0.35 | 0.40 | 3 | 0 | -0.26 | -0.01 | 27.41 | 25.00 | 3/20/2026 | No | 7 | 55 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 2.70 | 2.79 | 1.59 | 5.00 | 0.32 | 0.49 | 202 | 2539 | -0.30 | -0.05 | 61.79 | 60.00 | 3/20/2026 | No | 11 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 7.15 | 7.45 | 1.55 | 5.00 | 0.31 | 0.68 | 806 | 242 | -0.27 | -0.14 | 160.06 | 140.00 | 3/20/2026 | Yes | 10 | 66 | None | |
| NXPI | NXP Semiconductors NV | Options Chain | 5.90 | 7.00 | 1.55 | 5.00 | 0.31 | 0.42 | 6 | 3 | -0.30 | -0.13 | 219.85 | 200.00 | 3/20/2026 | Yes | 9 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.50 | 6.05 | 1.43 | 5.00 | 0.29 | 0.25 | 600 | 89 | -0.28 | -0.12 | 308.17 | 300.00 | 3/20/2026 | No | 8 | 79 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.20 | 4.50 | 1.32 | 5.00 | 0.26 | 0.46 | 9 | 1257 | -0.29 | -0.10 | 144.93 | 135.00 | 3/20/2026 | No | 9 | 58 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.50 | 4.40 | 1.30 | 5.00 | 0.26 | 0.36 | 81 | 22 | -0.30 | -0.07 | 158.64 | 150.00 | 3/20/2026 | Yes | 13 | 78 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.80 | 1.85 | 0.63 | 2.50 | 0.25 | 0.33 | 125 | 170 | -0.27 | -0.04 | 78.32 | 77.50 | 3/20/2026 | Yes | 8 | 59 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.75 | 0.25 | 1.00 | 0.25 | 0.45 | 19 | 4 | -0.30 | -0.01 | 18.34 | 16.00 | 3/20/2026 | No | 11 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.80 | 3.95 | 1.24 | 5.00 | 0.25 | 0.43 | 220 | 88 | -0.27 | -0.08 | 152.62 | 135.00 | 3/20/2026 | Yes | 10 | 64 | None | |
| YUM | Yum Brands Inc | Options Chain | 2.10 | 2.50 | 1.22 | 5.00 | 0.24 | 0.25 | 2 | 0 | -0.28 | -0.05 | 155.00 | 150.00 | 3/20/2026 | Yes | 8 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.84 | 1.88 | 0.61 | 2.50 | 0.24 | 0.27 | 103 | 49 | -0.29 | -0.03 | 92.36 | 90.00 | 3/20/2026 | No | 11 | 66 | None | |
| TGT | Target Corp | Options Chain | 2.83 | 3.00 | 1.20 | 5.00 | 0.24 | 0.47 | 181 | 321 | -0.24 | -0.05 | 109.90 | 100.00 | 3/20/2026 | Yes | 9 | 57 | None | |
| EBAY | EBay Inc | Options Chain | 2.29 | 2.53 | 0.59 | 2.50 | 0.24 | 0.43 | 5 | 1 | -0.25 | -0.05 | 93.78 | 85.00 | 3/20/2026 | Yes | 7 | 58 | None | |
| NDAQ | Nasdaq Inc - 144A | Options Chain | 1.30 | 1.95 | 0.55 | 2.50 | 0.22 | 0.28 | 28 | 3 | -0.24 | -0.05 | 96.81 | 85.00 | 3/20/2026 | No | 8 | 63 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.70 | 1.88 | 0.55 | 2.50 | 0.22 | 0.42 | 44 | 38 | -0.25 | -0.04 | 69.08 | 65.00 | 3/20/2026 | No | 11 | 57 | None | |
| HPQ | HP Inc | Options Chain | 0.58 | 0.62 | 0.22 | 1.00 | 0.22 | 0.51 | 61 | 28 | -0.26 | -0.01 | 19.86 | 17.00 | 3/20/2026 | Yes | 9 | 39 | None | |
| F | Ford Motor Company | Options Chain | 0.35 | 0.36 | 0.22 | 1.00 | 0.22 | 0.34 | 273 | 21 | -0.29 | -0.01 | 13.75 | 13.00 | 3/20/2026 | Yes | 15 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.00 | 7.55 | 2.15 | 10.00 | 0.21 | 0.40 | 226 | 175 | -0.24 | -0.17 | 341.36 | 310.00 | 3/20/2026 | No | 22 | 67 |
Dividend Stock List |
|
| C | Citigroup Inc | Options Chain | 2.26 | 2.34 | 1.05 | 5.00 | 0.21 | 0.32 | 163 | 26 | -0.25 | -0.05 | 116.23 | 110.00 | 3/20/2026 | No | 15 | 77 | None | |
| WMT | Walmart Inc | Options Chain | 2.20 | 2.33 | 1.00 | 5.00 | 0.20 | 0.30 | 3074 | 651 | -0.28 | -0.05 | 123.98 | 120.00 | 3/20/2026 | Yes | 9 | 57 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.95 | 1.30 | 0.50 | 2.50 | 0.20 | 0.29 | 36 | 14 | -0.25 | -0.02 | 68.08 | 62.50 | 3/20/2026 | Yes | 11 | 48 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.00 | 2.50 | 0.95 | 5.00 | 0.19 | 0.35 | 3 | 54 | -0.25 | -0.06 | 123.00 | 115.00 | 3/20/2026 | Yes | 9 | 60 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.91 | 2.04 | 0.95 | 5.00 | 0.19 | 0.29 | 591 | 152 | -0.30 | -0.05 | 113.37 | 110.00 | 3/20/2026 | Yes | 11 | 67 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.39 | 0.42 | 0.19 | 1.00 | 0.19 | 0.23 | 109 | 58 | -0.27 | -0.01 | 29.65 | 29.00 | 3/20/2026 | No | 11 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.76 | 0.89 | 0.47 | 2.50 | 0.19 | 0.38 | 56 | 101 | -0.26 | -0.02 | 40.08 | 37.50 | 3/20/2026 | Yes | 9 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 3.90 | 4.15 | 1.86 | 10.00 | 0.19 | 0.32 | 109 | 39 | -0.21 | -0.10 | 285.59 | 260.00 | 3/20/2026 | No | 10 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.90 | 2.12 | 0.90 | 5.00 | 0.18 | 0.24 | 564 | 859 | -0.26 | -0.04 | 141.70 | 135.00 | 3/20/2026 | Yes | 11 | 73 | None | |
| KEY | Keycorp | Options Chain | 0.42 | 0.47 | 0.18 | 1.00 | 0.18 | 0.28 | 37 | 0 | -0.28 | -0.01 | 22.00 | 21.00 | 3/20/2026 | No | 9 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.37 | 0.48 | 0.17 | 1.00 | 0.17 | 0.19 | 202 | 130 | -0.27 | -0.01 | 44.61 | 44.00 | 3/20/2026 | Yes | 15 | 73 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.32 | 0.38 | 0.17 | 1.00 | 0.17 | 0.16 | 50 | 119 | -0.29 | -0.01 | 33.10 | 34.00 | 3/20/2026 | Yes | 9 | 58 | None | |
| BAH | Booz Allen Hamilton Holding Corp - Class A | Options Chain | 1.20 | 1.85 | 0.85 | 5.00 | 0.17 | 0.43 | 7 | 0 | -0.19 | -0.04 | 87.50 | 75.00 | 3/20/2026 | No | 16 | 53 | None | |
| GPN | Global Payments Inc | Options Chain | 1.15 | 1.60 | 0.80 | 5.00 | 0.16 | 0.46 | 35 | 0 | -0.19 | -0.03 | 71.99 | 60.00 | 3/20/2026 | Yes | 12 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.63 | 0.71 | 0.40 | 2.50 | 0.16 | 0.45 | 85 | 524 | -0.23 | -0.01 | 28.88 | 27.50 | 3/20/2026 | No | 10 | 51 | None | |
| ICE | Intercontinental Exchange Inc | Options Chain | 2.05 | 2.60 | 0.75 | 5.00 | 0.15 | 0.30 | 37 | 4 | -0.23 | -0.07 | 172.66 | 150.00 | 3/20/2026 | Yes | 8 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.62 | 1.74 | 0.75 | 5.00 | 0.15 | 0.19 | 87 | 33 | -0.27 | -0.05 | 153.03 | 150.00 | 3/20/2026 | No | 8 | 64 | None |