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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines Inc | Options Chain | 2.01 | 2.67 | 0.35 | 1.00 | 0.35 | 0.56 | 5 | 0 | -0.28 | -0.05 | 63.81 | 58.00 | 5/1/2026 | No | 16 | 67 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.00 | 2.70 | 0.35 | 1.00 | 0.35 | 0.70 | 0 | 1 | -0.29 | -0.05 | 51.60 | 43.00 | 5/1/2026 | No | 19 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 1.19 | 1.36 | 0.31 | 1.00 | 0.31 | 0.46 | 0 | 8 | -0.30 | -0.01 | 37.34 | 34.00 | 5/1/2026 | No | 11 | 52 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.94 | 2.59 | 0.30 | 1.00 | 0.30 | 0.61 | 0 | 12 | -0.29 | -0.04 | 58.09 | 48.00 | 5/1/2026 | No | 11 | 59 | None | |
| LNG | Cheniere Energy Inc | Options Chain | 8.00 | 9.80 | 1.45 | 5.00 | 0.29 | 0.46 | 1 | 1 | -0.28 | -0.20 | 266.22 | 265.00 | 5/1/2026 | No | 11 | 67 | None | |
| C | Citigroup Inc | Options Chain | 2.99 | 3.80 | 0.29 | 1.00 | 0.29 | 0.45 | 1 | 0 | -0.30 | -0.08 | 108.67 | 102.00 | 5/1/2026 | No | 15 | 82 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.21 | 1.47 | 0.27 | 1.00 | 0.27 | 0.34 | 0 | 1 | -0.28 | -0.02 | 59.37 | 55.00 | 5/1/2026 | No | 15 | 60 | None | |
| RTX | RTX Corp | Options Chain | 4.85 | 5.85 | 1.30 | 5.00 | 0.26 | 0.38 | 4 | 10 | -0.30 | -0.11 | 206.33 | 190.00 | 5/1/2026 | No | 11 | 60 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.15 | 3.70 | 0.26 | 1.00 | 0.26 | 0.34 | 2 | 0 | -0.28 | -0.07 | 157.59 | 150.00 | 5/1/2026 | No | 9 | 66 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.33 | 1.77 | 0.26 | 1.00 | 0.26 | 0.40 | 7 | 13 | -0.28 | -0.04 | 58.38 | 56.00 | 5/1/2026 | No | 7 | 50 | None | |
| HPQ | HP Inc | Options Chain | 0.43 | 0.64 | 0.13 | 0.50 | 0.26 | 0.46 | 0 | 25 | -0.26 | -0.01 | 18.22 | 17.00 | 5/1/2026 | No | 13 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.70 | 10.35 | 1.20 | 5.00 | 0.24 | 0.46 | 2 | 0 | -0.29 | -0.23 | 339.57 | 310.00 | 5/1/2026 | No | 20 | 62 |
Dividend Stock List |
|
| HAL | Halliburton Company | Options Chain | 0.90 | 1.16 | 0.24 | 1.00 | 0.24 | 0.46 | 0 | 1 | -0.27 | -0.03 | 35.64 | 34.00 | 5/1/2026 | No | 10 | 55 | None | |
| WMT | Walmart Inc | Options Chain | 1.94 | 2.68 | 0.24 | 1.00 | 0.24 | 0.29 | 28 | 0 | -0.29 | -0.06 | 121.98 | 115.00 | 5/1/2026 | No | 8 | 56 | None | |
| AA | Alcoa Corp | Options Chain | 2.26 | 2.67 | 1.19 | 5.00 | 0.24 | 0.77 | 7 | 4 | -0.24 | -0.06 | 64.23 | 50.00 | 5/1/2026 | No | 12 | 51 | None | |
| ORCL | Oracle Corp | Options Chain | 4.90 | 5.30 | 1.17 | 5.00 | 0.23 | 0.56 | 8 | 54 | -0.27 | -0.11 | 152.25 | 140.00 | 5/1/2026 | No | 9 | 66 | None | |
| WFC | Wells Fargo & Company | Options Chain | 2.03 | 2.44 | 0.22 | 1.00 | 0.22 | 0.42 | 0 | 11 | -0.30 | -0.05 | 76.19 | 71.00 | 5/1/2026 | No | 11 | 76 | None | |
| NEM | Newmont Corp | Options Chain | 2.45 | 2.94 | 1.07 | 5.00 | 0.21 | 0.58 | 10 | 10 | -0.22 | -0.08 | 106.54 | 85.00 | 5/1/2026 | No | 16 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 1.03 | 1.35 | 0.20 | 1.00 | 0.20 | 0.25 | 15 | 8 | -0.29 | -0.03 | 75.97 | 73.00 | 5/1/2026 | No | 10 | 69 | None | |
| SLB | SLB | Options Chain | 1.13 | 1.47 | 0.20 | 1.00 | 0.20 | 0.42 | 1 | 1 | -0.29 | -0.03 | 45.32 | 44.00 | 5/1/2026 | No | 6 | 52 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.69 | 3.15 | 0.94 | 5.00 | 0.19 | 0.43 | 0 | 21 | -0.24 | -0.08 | 130.47 | 120.00 | 5/1/2026 | No | 11 | 72 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.45 | 0.62 | 0.18 | 1.00 | 0.18 | 0.32 | 13 | 0 | -0.26 | -0.02 | 32.61 | 31.00 | 5/1/2026 | No | 9 | 60 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 5.10 | 5.95 | 0.18 | 1.00 | 0.18 | 0.51 | 0 | 4 | -0.30 | -0.11 | 149.21 | 143.00 | 5/1/2026 | No | 16 | 61 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.30 | 0.50 | 0.17 | 1.00 | 0.17 | 0.36 | 6 | 6 | -0.26 | -0.01 | 20.38 | 19.00 | 5/1/2026 | No | 18 | 41 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.28 | 0.08 | 0.50 | 0.16 | 0.43 | 23 | 5 | -0.23 | -0.01 | 11.79 | 10.50 | 5/1/2026 | No | 8 | 47 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.42 | 1.67 | 0.15 | 1.00 | 0.15 | 0.32 | 15 | 0 | -0.28 | -0.03 | 77.60 | 74.00 | 5/1/2026 | No | 7 | 59 | None |