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.

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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
ORCL Oracle Corp Options Chain 8.90 9.45 1.65 5.00 0.33 0.61 5037 40 -0.29 -0.15 192.08 175.00 7/17/2026 Yes 7 61 None
QCOM Qualcomm Inc Options Chain 11.85 13.60 3.25 10.00 0.33 0.77 46 142 -0.27 -0.21 238.16 210.00 7/17/2026 No 14 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.95 14.45 3.10 10.00 0.31 0.46 8455 106 -0.28 -0.25 404.52 380.00 7/17/2026 Yes 20 62
Dividend Stock List
HPQ HP Inc Options Chain 0.95 1.05 0.31 1.00 0.31 0.58 9 2 -0.28 -0.02 25.24 22.00 7/17/2026 Yes 13 57 None
KMI Kinder Morgan Inc - Class P Options Chain 0.66 0.80 0.31 1.00 0.31 0.25 0 15 -0.28 -0.01 33.79 32.00 7/17/2026 Yes 10 60 None
VST Vistra Corp Options Chain 6.30 6.60 1.52 5.00 0.30 0.54 44 421 -0.26 -0.11 156.27 150.00 7/17/2026 No 8 56 None
NXPI NXP Semiconductors NV Options Chain 11.10 12.20 3.00 10.00 0.30 0.50 0 1 -0.28 -0.21 316.47 300.00 7/17/2026 No 11 65 None
IBM International Business Machines Corp Options Chain 6.60 7.10 1.42 5.00 0.28 0.39 158 106 -0.26 -0.13 252.12 230.00 7/17/2026 No 14 72 None
NTAP Netapp Inc Options Chain 3.60 4.90 1.37 5.00 0.27 0.50 7 26 -0.24 -0.07 139.36 125.00 7/17/2026 Yes 13 65 None
EPD Enterprise Products Partners L P Options Chain 0.27 0.92 0.26 1.00 0.26 0.18 2 0 -0.29 -0.01 39.56 38.00 7/17/2026 No 9 59 None
CVE Cenovus Energy Inc Options Chain 0.60 1.15 0.25 1.00 0.25 0.43 50 2 -0.24 -0.01 30.21 27.00 7/17/2026 No 15 66 None
F Ford Motor Company Options Chain 0.40 0.41 0.23 1.00 0.23 0.42 96 112 -0.27 -0.01 14.90 14.00 7/17/2026 No 8 47 None
DVN Devon Energy Corp Options Chain 1.03 1.13 0.53 2.50 0.21 0.40 6 2 -0.24 -0.02 47.22 42.50 7/17/2026 No 7 51 None
TD Toronto Dominion Bank Options Chain 0.00 3.30 1.00 5.00 0.20 0.23 0 8 -0.24 -0.03 111.87 105.00 7/17/2026 Yes 17 77 None
UNH Unitedhealth Group Inc Options Chain 6.20 6.40 1.90 10.00 0.19 0.31 114 153 -0.23 -0.13 388.47 350.00 7/17/2026 No 11 64 None
GM General Motors Company Options Chain 1.42 1.60 0.47 2.50 0.19 0.38 11 18 -0.23 -0.03 78.79 72.50 7/17/2026 No 9 66 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.40 0.17 1.00 0.17 0.34 1 0 -0.23 0.00 15.92 15.00 7/17/2026 No 9 58 None
FCX Freeport-McMoRan Inc Options Chain 1.30 1.40 0.83 5.00 0.17 0.53 9 10 -0.18 -0.03 61.93 55.00 7/17/2026 No 9 58 None
TFC Truist Financial Corporation Options Chain 0.75 0.90 0.40 2.50 0.16 0.32 10 18 -0.22 -0.02 48.38 45.00 7/17/2026 Yes 15 73 None
T AT&T Inc Options Chain 0.31 0.34 0.15 1.00 0.15 0.28 187 7 -0.21 -0.01 25.26 23.00 7/17/2026 No 9 58 None
INFY Infosys Ltd Options Chain 0.25 0.80 0.15 1.00 0.15 0.49 2 10 -0.24 0.00 12.80 11.00 7/17/2026 No 16 51 None