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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RRC | Range Resources Corp | Options Chain | 1.40 | 1.55 | 0.35 | 1.00 | 0.35 | 0.45 | 120 | 13 | -0.30 | -0.03 | 45.08 | 41.00 | 5/15/2026 | Yes | 16 | 62 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.45 | 1.90 | 0.80 | 2.50 | 0.32 | 0.60 | 13 | 0 | -0.25 | -0.04 | 48.50 | 42.50 | 5/15/2026 | Yes | 8 | 61 | None | |
| EQNR | Equinor ASA | Options Chain | 1.35 | 1.45 | 0.30 | 1.00 | 0.30 | 0.52 | 56 | 84 | -0.29 | -0.03 | 41.60 | 37.00 | 5/15/2026 | Yes | 10 | 58 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.75 | 2.30 | 0.73 | 2.50 | 0.29 | 0.45 | 12 | 0 | -0.30 | -0.04 | 61.74 | 57.50 | 5/15/2026 | Yes | 12 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.00 | 8.80 | 1.37 | 5.00 | 0.27 | 0.37 | 73 | 24 | -0.29 | -0.23 | 373.00 | 350.00 | 5/8/2026 | Yes | 15 | 72 | None | |
| ALLY | Ally Financial Inc | Options Chain | 1.15 | 1.30 | 0.25 | 1.00 | 0.25 | 0.44 | 20 | 2 | -0.30 | -0.02 | 39.20 | 37.00 | 5/15/2026 | Yes | 13 | 76 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.40 | 0.45 | 0.23 | 1.00 | 0.23 | 0.39 | 6 | 1 | -0.29 | -0.01 | 15.69 | 15.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| LYB | LyondellBasell Industries NV - Class A | Options Chain | 2.50 | 2.80 | 0.57 | 2.50 | 0.23 | 0.55 | 6083 | 11 | -0.27 | -0.07 | 80.50 | 70.00 | 5/15/2026 | Yes | 7 | 57 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.75 | 9.35 | 1.07 | 5.00 | 0.21 | 0.48 | 389 | 21 | -0.27 | -0.24 | 309.51 | 290.00 | 5/8/2026 | No | 13 | 67 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.55 | 1.75 | 0.50 | 2.50 | 0.20 | 0.42 | 2 | 14 | -0.25 | -0.05 | 73.40 | 67.50 | 5/15/2026 | No | 10 | 56 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.50 | 0.65 | 0.20 | 1.00 | 0.20 | 0.45 | 1 | 10 | -0.27 | -0.01 | 21.15 | 19.00 | 5/15/2026 | Yes | 7 | 58 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.80 | 0.45 | 2.50 | 0.18 | 0.30 | 834 | 16 | -0.27 | -0.01 | 37.27 | 35.00 | 5/15/2026 | No | 10 | 62 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.60 | 0.75 | 0.18 | 1.00 | 0.18 | 0.50 | 22 | 1 | -0.26 | -0.02 | 24.25 | 22.00 | 5/15/2026 | Yes | 8 | 58 | None | |
| PPL | PPL Corp | Options Chain | 0.50 | 0.65 | 0.18 | 1.00 | 0.18 | 0.23 | 26 | 0 | -0.29 | -0.02 | 38.34 | 37.00 | 5/15/2026 | Yes | 8 | 66 | None | |
| EXC | Exelon Corp | Options Chain | 0.60 | 0.90 | 0.17 | 1.00 | 0.17 | 0.28 | 1 | 0 | -0.25 | -0.02 | 49.07 | 46.00 | 5/15/2026 | Yes | 10 | 69 | None | |
| KEY | Keycorp | Options Chain | 0.45 | 0.55 | 0.17 | 1.00 | 0.17 | 0.39 | 37 | 1 | -0.28 | -0.01 | 20.05 | 19.00 | 5/15/2026 | Yes | 15 | 68 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.36 | 1606 | 0 | -0.29 | -0.01 | 19.16 | 18.00 | 5/15/2026 | Yes | 13 | 59 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.60 | 1.90 | 0.82 | 5.00 | 0.16 | 0.24 | 107 | 13 | -0.26 | -0.05 | 130.80 | 125.00 | 5/15/2026 | Yes | 9 | 74 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.00 | 1.20 | 0.82 | 5.00 | 0.16 | 0.37 | 106 | 25 | -0.26 | -0.02 | 50.83 | 45.00 | 5/15/2026 | Yes | 8 | 56 | None | |
| NYT | New York Times Co. - Class A | Options Chain | 1.40 | 2.15 | 0.80 | 5.00 | 0.16 | 0.37 | 3248 | 4 | -0.28 | -0.05 | 83.73 | 80.00 | 5/15/2026 | Yes | 12 | 59 | None | |
| SYY | Sysco Corp | Options Chain | 1.10 | 1.35 | 0.40 | 2.50 | 0.16 | 0.30 | 14 | 71 | -0.27 | -0.03 | 71.25 | 67.50 | 5/15/2026 | Yes | 11 | 62 | None | |
| UL | Unilever plc | Options Chain | 0.85 | 0.90 | 0.38 | 2.50 | 0.15 | 0.29 | 129 | 21 | -0.26 | -0.02 | 57.05 | 52.50 | 5/15/2026 | No | 8 | 58 | None | |
| OKE | Oneok Inc | Options Chain | 1.40 | 1.70 | 0.75 | 5.00 | 0.15 | 0.35 | 51 | 57 | -0.23 | -0.03 | 90.00 | 80.00 | 5/15/2026 | Yes | 9 | 64 | None |