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
GLW Corning Inc Options Chain 13.15 13.55 1.90 5.00 0.38 0.93 79 58 -0.30 -0.24 185.38 165.00 8/21/2026 Yes 8 52 None
IBM International Business Machines Corp Options Chain 11.20 12.30 1.80 5.00 0.36 0.53 9 6 -0.30 -0.21 306.13 280.00 8/21/2026 Yes 13 69 None
HPE Hewlett Packard Enterprise Company Options Chain 2.11 2.38 0.36 1.00 0.36 0.72 24 6 -0.29 -0.04 43.47 40.00 8/21/2026 No 8 51 None
DELL Dell Technologies Inc - Class C Options Chain 26.60 27.60 3.52 10.00 0.35 0.88 299 60 -0.29 -0.53 417.28 380.00 8/21/2026 No 14 57 None
GPN Global Payments Inc Options Chain 2.10 2.70 0.82 2.50 0.33 0.50 6 5 -0.29 -0.05 77.59 67.50 8/21/2026 Yes 8 56 None
VST Vistra Corp Options Chain 5.65 6.50 1.58 5.00 0.32 0.57 31 69 -0.29 -0.13 155.73 140.00 8/21/2026 Yes 8 62 None
QCOM Qualcomm Inc Options Chain 8.60 9.00 1.55 5.00 0.31 0.73 136 99 -0.27 -0.19 182.97 165.00 8/21/2026 Yes 11 64 None
TSM Taiwan Semiconductor Manufacturing Options Chain 15.15 15.90 2.93 10.00 0.29 0.54 344 198 -0.28 -0.35 432.57 400.00 8/21/2026 Yes 20 61
Dividend Stock List
APH Amphenol Corp - Class A Options Chain 5.40 5.90 1.45 5.00 0.29 0.60 11 218 -0.26 -0.12 158.61 140.00 8/21/2026 Yes 8 58 None
KMI Kinder Morgan Inc - Class P Options Chain 0.58 0.65 0.29 1.00 0.29 0.26 0 70 -0.30 -0.01 32.49 31.00 8/21/2026 Yes 8 59 None
CRM Salesforce Inc Options Chain 4.65 4.90 1.43 5.00 0.29 0.43 38 149 -0.28 -0.11 169.52 155.00 8/21/2026 No 11 63 None
JPM JPMorgan Chase & Company Options Chain 5.75 6.20 1.43 5.00 0.29 0.26 51 11 -0.29 -0.15 339.22 320.00 8/21/2026 Yes 12 77 None
CSCO Cisco Systems Inc Options Chain 3.90 4.10 1.41 5.00 0.28 0.51 46 13 -0.29 -0.09 111.79 105.00 8/21/2026 Yes 9 62 None
VZ Verizon Communications Inc Options Chain 0.84 0.88 0.28 1.00 0.28 0.30 49 218 -0.24 -0.01 42.59 40.00 8/21/2026 Yes 13 73 None
MFC Manulife Financial Corp Options Chain 0.60 0.85 0.28 1.00 0.28 0.29 0 1 -0.28 -0.02 41.40 39.00 8/21/2026 Yes 17 67 None
T AT&T Inc Options Chain 0.56 0.58 0.28 1.00 0.28 0.35 109 72 -0.29 -0.01 21.09 20.00 8/21/2026 Yes 13 70 None
ORCL Oracle Corp Options Chain 5.35 5.45 1.40 5.00 0.28 0.62 765 825 -0.28 -0.11 141.60 125.00 8/21/2026 No 10 67 None
ZION Zions Bancorporation N.A Options Chain 1.40 1.70 0.70 2.50 0.28 0.33 10 1 -0.30 -0.03 70.69 65.00 8/21/2026 Yes 19 73 None
LUV Southwest Airlines Company Options Chain 1.72 1.83 0.69 2.50 0.28 0.52 8 22 -0.29 -0.04 49.43 45.00 8/21/2026 Yes 12 57 None
EQNR Equinor ASA Options Chain 0.85 1.05 0.27 1.00 0.27 0.41 3 0 -0.29 -0.02 33.91 32.00 8/21/2026 Yes 12 61 None
EXC Exelon Corp Options Chain 0.55 1.05 0.27 1.00 0.27 0.23 41 0 -0.30 -0.02 47.57 46.00 8/21/2026 Yes 10 65 None
UNH Unitedhealth Group Inc Options Chain 9.85 10.20 2.63 10.00 0.26 0.37 38 80 -0.27 -0.24 428.19 400.00 8/21/2026 Yes 11 63 None
AXP American Express Company Options Chain 7.00 7.65 2.60 10.00 0.26 0.32 57 31 -0.30 -0.17 349.58 320.00 8/21/2026 Yes 12 70 None
SIRI Sirius XM Holdings Inc Options Chain 0.68 0.83 0.26 1.00 0.26 0.40 134 49 -0.27 -0.01 30.71 28.00 8/21/2026 Yes 11 62 None
HPQ HP Inc Options Chain 0.68 0.72 0.26 1.00 0.26 0.45 11 55 -0.28 -0.02 22.96 22.00 8/21/2026 No 12 38 None
CMCSA Comcast Corp - Class A Options Chain 0.60 0.68 0.25 1.00 0.25 0.39 205 770 -0.29 -0.01 23.41 22.00 8/21/2026 Yes 12 58 None
DAL Delta Air Lines Inc Options Chain 2.39 2.58 0.62 2.50 0.25 0.46 110 4 -0.27 -0.06 88.63 80.00 8/21/2026 Yes 16 66 None
MO Altria Group Inc Options Chain 1.27 1.38 0.62 2.50 0.25 0.28 32 24 -0.28 -0.03 72.96 70.00 8/21/2026 Yes 12 67 None
BMY Bristol-Myers Squibb Company Options Chain 1.24 1.32 0.62 2.50 0.25 0.33 15 340 -0.29 -0.03 57.97 55.00 8/21/2026 Yes 11 53 None
C Citigroup Inc Options Chain 3.05 3.20 1.22 5.00 0.24 0.34 127 81 -0.29 -0.07 140.77 130.00 8/21/2026 Yes 11 69 None
HAL Halliburton Company Options Chain 0.74 0.87 0.24 1.00 0.24 0.41 54 303 -0.25 -0.02 33.79 32.00 8/21/2026 Yes 10 48 None
NVO Novo Nordisk Options Chain 1.25 1.29 0.58 2.50 0.23 0.46 637 17 -0.26 -0.03 49.64 45.00 8/21/2026 Yes 17 60 None
CVE Cenovus Energy Inc Options Chain 0.55 0.70 0.23 1.00 0.23 0.47 7 40 -0.23 -0.02 25.21 24.00 8/21/2026 Yes 16 66 None
V Visa Inc - Class A Options Chain 4.90 5.40 1.15 5.00 0.23 0.27 16 95 -0.26 -0.14 352.20 330.00 8/21/2026 Yes 11 69 None
TGT Target Corp Options Chain 2.88 3.10 1.13 5.00 0.23 0.44 73 37 -0.23 -0.06 127.55 120.00 8/21/2026 Yes 12 63 None
PAAS Pan American Silver Corp Options Chain 1.15 1.25 0.45 2.00 0.23 0.58 19 3 -0.22 -0.03 44.16 37.00 8/21/2026 Yes 14 55 None
BHP BHP Group Ltd Options Chain 1.60 1.80 0.55 2.50 0.22 0.39 1 5 -0.25 -0.04 80.23 72.50 8/21/2026 Yes 9 57 None
FCX Freeport-McMoRan Inc Options Chain 1.39 1.48 0.22 1.00 0.22 0.57 463 26 -0.21 -0.04 59.31 50.00 8/21/2026 Yes 13 63 None
ALLY Ally Financial Inc Options Chain 0.90 1.20 0.22 1.00 0.22 0.39 0 3 -0.28 -0.02 45.40 41.00 8/21/2026 Yes 10 65 None
EPD Enterprise Products Partners L P Options Chain 0.44 0.58 0.21 1.00 0.21 0.22 4 6 -0.26 -0.01 37.64 36.00 8/21/2026 Yes 12 68 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.25 1.45 0.52 2.50 0.21 0.51 9 39 -0.22 -0.04 54.60 50.00 8/21/2026 Yes 7 57 None
WFC Wells Fargo & Company Options Chain 1.38 1.48 0.52 2.50 0.21 0.32 18 12 -0.25 -0.03 87.18 80.00 8/21/2026 Yes 13 73 None
RF Regions Financial Corp Options Chain 0.50 0.60 0.20 1.00 0.20 0.31 462 1 -0.25 -0.01 30.59 28.00 8/21/2026 Yes 18 70 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.55 0.20 1.00 0.20 0.42 24 0 -0.28 -0.01 19.09 18.00 8/21/2026 Yes 7 53 None
EQT EQT Corp Options Chain 0.79 0.86 0.49 2.50 0.20 0.32 56 0 -0.24 -0.02 51.76 47.50 8/21/2026 Yes 17 72 None
DVN Devon Energy Corp Options Chain 0.97 1.03 0.49 2.50 0.20 0.40 67 67 -0.27 -0.03 42.41 40.00 8/21/2026 Yes 7 53 None
NKE Nike Inc - Class B Options Chain 0.80 0.84 0.48 2.50 0.19 0.36 787 71 -0.25 -0.02 43.21 40.00 8/21/2026 No 13 58 None
RIO Rio Tinto plc Options Chain 1.70 2.00 0.95 5.00 0.19 0.40 90 34 -0.23 -0.03 91.25 80.00 8/21/2026 No 10 71 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.20 1.30 0.47 2.50 0.19 0.59 48 10 -0.23 -0.03 43.94 37.50 8/21/2026 Yes 14 57 None
BCS Barclays plc Options Chain 0.65 0.80 0.18 1.00 0.18 0.41 46 60 -0.30 -0.01 27.41 25.00 8/21/2026 Yes 18 60 None
COP Conoco Phillips Options Chain 1.45 1.58 0.44 2.50 0.18 0.35 116 10 -0.20 -0.05 108.44 100.00 8/21/2026 Yes 10 75 None
USB U.S. Bancorp. Options Chain 0.86 0.94 0.44 2.50 0.18 0.28 17 15 -0.24 -0.03 62.89 57.50 8/21/2026 Yes 12 65 None
PCG PG&E Corp Options Chain 0.29 0.40 0.17 1.00 0.17 0.40 3 1 -0.26 -0.01 17.18 16.00 8/21/2026 Yes 13 59 None
INFY Infosys Ltd Options Chain 0.35 0.45 0.17 1.00 0.17 0.55 1 4000 -0.28 -0.01 11.27 10.00 8/21/2026 Yes 13 45 None
WMT Walmart Inc Options Chain 1.49 1.54 0.83 5.00 0.17 0.30 333 301 -0.22 -0.05 111.54 105.00 8/21/2026 Yes 10 59 None
XOM Exxon Mobil Corp Options Chain 1.66 1.74 0.82 5.00 0.16 0.30 233 210 -0.22 -0.05 141.69 130.00 8/21/2026 No 11 71 None
BAC Bank Of America Corp Options Chain 0.73 0.74 0.40 2.50 0.16 0.27 399 12 -0.22 -0.02 59.86 55.00 8/21/2026 Yes 13 73 None
KO Coca-Cola Company Options Chain 0.90 1.04 0.40 2.50 0.16 0.23 132 45 -0.24 -0.03 84.07 80.00 8/21/2026 Yes 9 61 None
F Ford Motor Company Options Chain 0.25 0.27 0.16 1.00 0.16 0.44 248 70 -0.21 -0.01 13.56 12.00 8/21/2026 Yes 9 48 None
CLX Clorox Company Options Chain 1.25 1.60 0.78 5.00 0.16 0.39 79 64 -0.19 -0.04 97.41 85.00 8/21/2026 Yes 15 55 None
VTRS Viatris Inc Options Chain 0.25 0.45 0.15 1.00 0.15 0.41 0 2 -0.23 -0.01 16.96 15.00 8/21/2026 Yes 6 51 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.20 0.30 0.15 1.00 0.15 0.41 3 0 -0.24 -0.01 10.82 10.00 8/21/2026 Yes 19 62 None
PPL PPL Corp Options Chain 0.50 0.80 0.15 1.00 0.15 0.25 1 1 -0.30 -0.02 36.39 35.00 8/21/2026 Yes 8 60 None