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 11.40 11.90 1.77 5.00 0.35 0.93 130 276 -0.28 -0.24 194.80 160.00 8/21/2026 Yes 8 52 None
DELL Dell Technologies Inc - Class C Options Chain 24.20 25.10 3.40 10.00 0.34 0.85 59 29 -0.28 -0.49 409.65 370.00 8/21/2026 No 11 52 None
QCOM Qualcomm Inc Options Chain 9.35 9.85 1.70 5.00 0.34 0.73 55 75 -0.28 -0.19 186.48 165.00 8/21/2026 Yes 11 64 None
NXPI NXP Semiconductors NV Options Chain 13.50 14.30 3.35 10.00 0.34 0.66 18 4 -0.30 -0.26 278.01 250.00 8/21/2026 Yes 15 69 None
TSM Taiwan Semiconductor Manufacturing Options Chain 17.10 17.60 3.32 10.00 0.33 0.54 7345 273 -0.28 -0.35 451.79 400.00 8/21/2026 Yes 20 61
Dividend Stock List
IBM International Business Machines Corp Options Chain 10.55 11.60 1.65 5.00 0.33 0.53 1557 32 -0.29 -0.22 299.52 285.00 8/21/2026 Yes 13 70 None
EXC Exelon Corp Options Chain 0.60 0.90 0.32 1.00 0.32 0.24 1 0 -0.30 -0.02 47.05 46.00 8/21/2026 Yes 8 57 None
APH Amphenol Corp - Class A Options Chain 6.60 7.20 1.55 5.00 0.31 0.60 10 24 -0.29 -0.14 166.81 145.00 8/21/2026 Yes 8 58 None
ROK Rockwell Automation Inc Options Chain 12.60 14.00 3.00 10.00 0.30 0.45 9 1 -0.27 -0.29 482.87 430.00 8/21/2026 Yes 9 60 None
ALLY Ally Financial Inc Options Chain 1.10 1.35 0.30 1.00 0.30 0.36 1 0 -0.30 -0.02 46.23 43.00 8/21/2026 Yes 10 64 None
COST Costco Wholesale Corp Options Chain 14.05 15.70 1.48 5.00 0.30 0.23 13 21 -0.29 -0.35 950.25 915.00 8/21/2026 No 15 61 None
CRM Salesforce Inc Options Chain 5.00 5.15 1.45 5.00 0.29 0.45 101 68 -0.28 -0.11 166.88 160.00 8/21/2026 No 15 71 None
ZTS Zoetis Inc - Class A Options Chain 2.30 2.70 1.40 5.00 0.28 0.48 71 131 -0.28 -0.05 75.42 70.00 8/21/2026 Yes 11 56 None
DAL Delta Air Lines Inc Options Chain 2.59 2.76 0.70 2.50 0.28 0.46 30 168 -0.28 -0.06 91.68 82.50 8/21/2026 Yes 11 57 None
ORCL Oracle Corp Options Chain 5.05 5.30 1.38 5.00 0.28 0.62 515 720 -0.26 -0.11 143.76 125.00 8/21/2026 No 11 67 None
UNH Unitedhealth Group Inc Options Chain 9.90 10.40 2.75 10.00 0.28 0.37 47 31 -0.27 -0.23 417.89 400.00 8/21/2026 Yes 11 63 None
JPM JPMorgan Chase & Company Options Chain 5.75 6.10 1.35 5.00 0.27 0.26 9 65 -0.29 -0.15 337.72 325.00 8/21/2026 Yes 11 77 None
JCI Johnson Controls International plc Options Chain 3.60 4.00 1.35 5.00 0.27 0.42 7 30 -0.29 -0.09 142.72 130.00 8/21/2026 Yes 10 60 None
FCX Freeport-McMoRan Inc Options Chain 2.34 2.40 1.35 5.00 0.27 0.55 389 278 -0.30 -0.05 61.00 55.00 8/21/2026 Yes 14 63 None
BHP BHP Group Ltd Options Chain 1.95 2.10 0.65 2.50 0.26 0.39 10 7 -0.26 -0.05 84.61 75.00 8/21/2026 Yes 11 23 None
MCD McDonald`s Corp Options Chain 4.20 4.45 1.28 5.00 0.26 0.25 771 148 -0.26 -0.11 279.50 270.00 8/21/2026 Yes 9 62 None
CMCSA Comcast Corp - Class A Options Chain 0.59 0.65 0.25 1.00 0.25 0.40 38 3010 -0.28 -0.01 23.38 22.00 8/21/2026 Yes 12 58 None
EQNR Equinor ASA Options Chain 0.80 0.85 0.25 1.00 0.25 0.38 5 81 -0.29 -0.02 32.06 31.00 8/21/2026 Yes 9 52 None
COP Conoco Phillips Options Chain 2.07 2.21 0.62 2.50 0.25 0.33 10 1 -0.29 -0.05 103.58 100.00 8/21/2026 Yes 9 68 None
V Visa Inc - Class A Options Chain 5.60 6.00 1.22 5.00 0.24 0.27 225 39 -0.28 -0.14 347.96 335.00 8/21/2026 Yes 10 64 None
WFC Wells Fargo & Company Options Chain 1.68 1.77 0.61 2.50 0.24 0.31 147 318 -0.29 -0.04 87.45 82.50 8/21/2026 Yes 13 73 None
RIO Rio Tinto plc Options Chain 2.40 2.60 1.20 5.00 0.24 0.41 8 25 -0.30 -0.04 93.58 85.00 8/21/2026 No 10 71 None
BMY Bristol-Myers Squibb Company Options Chain 1.22 1.30 0.60 2.50 0.24 0.32 82 48 -0.29 -0.03 56.70 55.00 8/21/2026 Yes 15 61 None
VZ Verizon Communications Inc Options Chain 0.80 0.86 0.24 1.00 0.24 0.30 319 205 -0.26 -0.01 42.07 40.00 8/21/2026 Yes 13 73 None
NVO Novo Nordisk Options Chain 1.25 1.29 0.58 2.50 0.23 0.46 82 18 -0.26 -0.03 49.31 45.00 8/21/2026 Yes 17 63 None
PAAS Pan American Silver Corp Options Chain 1.50 1.65 0.68 3.00 0.23 0.57 6 202 -0.27 -0.03 45.02 40.00 8/21/2026 Yes 19 64 None
HPQ HP Inc Options Chain 0.55 0.59 0.22 1.00 0.22 0.44 112 151 -0.25 -0.01 22.60 21.00 8/21/2026 No 12 38 None
CVE Cenovus Energy Inc Options Chain 0.60 0.70 0.22 1.00 0.22 0.43 10 10 -0.28 -0.02 24.36 23.00 8/21/2026 Yes 16 66 None
TGT Target Corp Options Chain 2.68 2.88 1.08 5.00 0.22 0.42 31 50 -0.24 -0.06 126.10 115.00 8/21/2026 Yes 12 63 None
KR Kroger Company Options Chain 1.00 1.08 0.54 2.50 0.22 0.31 394 309 -0.26 -0.02 58.25 55.00 8/21/2026 No 10 50 None
TIGO Millicom International Cellular S.A. Options Chain 2.30 5.70 1.07 5.00 0.21 0.60 0 1 -0.29 -0.07 94.81 85.00 8/21/2026 Yes 14 65 None
BAC Bank Of America Corp Options Chain 1.02 1.06 0.52 2.50 0.21 0.26 343 758 -0.28 -0.03 59.90 57.50 8/21/2026 Yes 10 64 None
GIS General Mills Inc Options Chain 0.70 0.75 0.50 2.50 0.20 0.28 130 72 -0.26 -0.01 36.12 35.00 8/21/2026 No 10 62 None
WMT Walmart Inc Options Chain 1.77 1.86 0.99 5.00 0.20 0.30 769 438 -0.25 -0.05 110.65 105.00 8/21/2026 Yes 9 55 None
JNJ Johnson & Johnson Options Chain 3.90 4.35 1.94 10.00 0.19 0.29 228 42 -0.25 -0.10 260.30 250.00 8/21/2026 Yes 9 66 None
C Citigroup Inc Options Chain 2.26 2.43 0.96 5.00 0.19 0.34 337 42 -0.22 -0.06 143.86 130.00 8/21/2026 Yes 11 69 None
QSR Restaurant Brands International Inc Options Chain 0.95 1.35 0.47 2.50 0.19 0.29 3 2 -0.24 -0.03 73.25 70.00 8/21/2026 Yes 12 69 None
NKE Nike Inc - Class B Options Chain 0.78 0.80 0.47 2.50 0.19 0.35 611 332 -0.24 -0.02 43.34 40.00 8/21/2026 No 13 58 None
DOW Dow Inc Options Chain 0.68 0.78 0.47 2.50 0.19 0.49 69 4 -0.24 -0.02 27.33 25.00 8/21/2026 Yes 6 52 None
USB U.S. Bancorp. Options Chain 0.91 1.09 0.46 2.50 0.18 0.28 17 6 -0.26 -0.03 62.83 60.00 8/21/2026 Yes 15 74 None
ALL Allstate Corp (The) Options Chain 3.60 4.50 1.80 10.00 0.18 0.29 14 42 -0.25 -0.12 248.37 240.00 8/21/2026 Yes 19 74 None
EQT EQT Corp Options Chain 0.72 0.79 0.45 2.50 0.18 0.32 119 4 -0.22 -0.02 51.95 47.50 8/21/2026 Yes 16 72 None
EPD Enterprise Products Partners L P Options Chain 0.31 0.50 0.18 1.00 0.18 0.20 5 0 -0.20 0.00 36.47 35.00 8/21/2026 Yes 9 58 None
ING ING Groep N.V. Options Chain 0.45 0.60 0.18 1.00 0.18 0.31 0 1 -0.24 -0.01 32.96 30.00 8/21/2026 Yes 12 63 None
KEY Keycorp Options Chain 0.35 0.40 0.18 1.00 0.18 0.30 9 1 -0.24 -0.01 23.43 22.00 8/21/2026 Yes 10 59 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.35 0.18 1.00 0.18 0.31 0 17 -0.26 -0.01 17.89 17.00 8/21/2026 Yes 11 66 None
VTRS Viatris Inc Options Chain 0.35 0.50 0.18 1.00 0.18 0.39 210 14 -0.29 -0.01 16.80 16.00 8/21/2026 Yes 6 51 None
KO Coca-Cola Company Options Chain 0.95 1.05 0.44 2.50 0.18 0.22 1001 1463 -0.25 -0.03 83.07 80.00 8/21/2026 Yes 9 61 None
SRE Sempra Options Chain 1.45 1.95 0.87 5.00 0.17 0.28 1 0 -0.29 -0.05 92.95 90.00 8/21/2026 Yes 7 66 None
SLB SLB Options Chain 0.80 0.85 0.43 2.50 0.17 0.36 19 70 -0.23 -0.02 45.72 42.50 8/21/2026 Yes 10 59 None
XOM Exxon Mobil Corp Options Chain 1.67 1.79 0.82 5.00 0.16 0.29 561 139 -0.22 -0.05 136.44 130.00 8/21/2026 Yes 11 71 None
OVV Ovintiv Inc Options Chain 1.10 1.25 0.80 5.00 0.16 0.40 20 0 -0.25 -0.03 53.30 50.00 8/21/2026 Yes 10 72 None
PCG PG&E Corp Options Chain 0.32 0.36 0.16 1.00 0.16 0.36 149 5 -0.25 -0.01 16.82 16.00 8/21/2026 Yes 9 50 None
PG Procter & Gamble Company Options Chain 1.59 1.69 0.76 5.00 0.15 0.26 44 82 -0.20 -0.04 149.31 140.00 8/21/2026 Yes 13 72 None
BKR Baker Hughes Co - Class A Options Chain 1.10 1.25 0.75 5.00 0.15 0.39 369 2 -0.25 -0.02 53.25 50.00 8/21/2026 Yes 16 65 None
PR Permian Resources Corp - Class A Options Chain 0.30 0.40 0.15 1.00 0.15 0.41 60 0 -0.22 -0.01 18.29 17.00 8/21/2026 Yes 9 61 None