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
WMT Walmart Inc Options Chain 2.05 2.89 0.57 1.00 0.57 0.33 0 3 -0.29 -0.07 118.76 114.00 2/27/2026 Yes 9 57 None
COST Costco Wholesale Corp Options Chain 10.95 15.60 2.60 5.00 0.52 0.22 5 8 -0.29 -0.35 963.75 950.00 2/27/2026 No 15 62 None
PG Procter & Gamble Company Options Chain 1.70 2.77 0.51 1.00 0.51 0.24 56 0 -0.27 -0.04 147.00 140.00 2/27/2026 Yes 12 71 None
KHC Kraft Heinz Company Options Chain 0.22 0.64 0.24 0.50 0.48 0.32 63 47 -0.27 -0.02 22.89 21.50 2/27/2026 Yes 6 57 None
NEM Newmont Corp Options Chain 3.80 4.40 0.41 1.00 0.41 0.52 15 38 -0.29 -0.10 119.68 111.00 2/27/2026 Yes 18 71 None
HAL Halliburton Company Options Chain 0.51 0.73 0.34 1.00 0.34 0.38 0 1 -0.24 -0.02 31.95 31.00 2/27/2026 Yes 7 56 None
XOM Exxon Mobil Corp Options Chain 1.74 2.48 0.34 1.00 0.34 0.25 3 0 -0.29 -0.04 130.46 128.00 2/27/2026 Yes 10 74 None
UNH Unitedhealth Group Inc Options Chain 5.90 8.55 1.68 5.00 0.34 0.38 8 22 -0.26 -0.20 337.48 325.00 2/27/2026 Yes 12 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 7.30 8.25 1.63 5.00 0.33 0.38 9 16 -0.29 -0.21 329.87 310.00 2/27/2026 No 20 62
Dividend Stock List
VST Vistra Corp Options Chain 4.30 6.20 1.61 5.00 0.32 0.59 6 2 -0.25 -0.14 156.77 145.00 2/27/2026 Yes 7 56 None
ABT Abbott Laboratories Options Chain 1.51 1.99 0.32 1.00 0.32 0.26 6 0 -0.28 -0.06 121.60 116.00 2/27/2026 Yes 16 73 None
FCX Freeport-McMoRan Inc Options Chain 1.54 2.13 0.32 1.00 0.32 0.46 3 0 -0.30 -0.05 60.23 57.00 2/27/2026 Yes 10 57 None
SLB SLB Options Chain 0.98 1.34 0.31 1.00 0.31 0.36 1 0 -0.30 -0.02 46.65 46.00 2/27/2026 Yes 11 58 None
DELL Dell Technologies Inc - Class C Options Chain 2.91 5.55 1.50 5.00 0.30 0.57 51 32 -0.29 -0.10 111.15 105.00 2/27/2026 Yes 17 63 None
MO Altria Group Inc Options Chain 0.57 0.99 0.30 1.00 0.30 0.22 1 2 -0.28 -0.02 61.20 59.00 2/27/2026 Yes 9 60 None
VZ Verizon Communications Inc Options Chain 0.35 0.59 0.29 1.00 0.29 0.21 40 95 -0.28 -0.01 39.11 38.00 2/27/2026 Yes 11 64 None
GM General Motors Company Options Chain 1.66 1.87 0.28 1.00 0.28 0.39 2 0 -0.28 -0.05 77.85 76.00 2/27/2026 Yes 10 70 None
AVGO Broadcom Inc Options Chain 8.85 9.30 1.38 5.00 0.28 0.47 69 151 -0.27 -0.25 332.60 305.00 2/27/2026 No 11 67 None
BMY Bristol-Myers Squibb Company Options Chain 0.60 0.99 0.27 1.00 0.27 0.27 15 0 -0.28 -0.02 54.31 52.00 2/27/2026 Yes 13 64 None
JNJ Johnson & Johnson Options Chain 1.20 3.25 1.31 5.00 0.26 0.24 32 2 -0.21 -0.06 217.65 205.00 2/27/2026 Yes 12 73 None
CSCO Cisco Systems Inc Options Chain 1.13 1.53 0.26 1.00 0.26 0.31 11 3 -0.28 -0.04 73.78 70.00 2/27/2026 Yes 7 59 None
MMM 3M Company Options Chain 0.59 4.10 1.29 5.00 0.26 0.24 3 8 -0.29 -0.06 156.69 150.00 2/27/2026 Yes 9 60 None
MSFT Microsoft Corporation Options Chain 7.80 8.00 1.27 5.00 0.25 0.32 264 228 -0.27 -0.23 455.42 420.00 2/27/2026 Yes 14 69 None
LLY Lilly(Eli) & Company Options Chain 24.65 29.90 1.25 5.00 0.25 0.39 0 2 -0.30 -0.66 1,041.25 1,020.00 2/27/2026 Yes 10 63 None
ORCL Oracle Corp Options Chain 4.70 5.10 1.22 5.00 0.24 0.50 255 141 -0.27 -0.14 179.79 160.00 2/27/2026 No 7 61 None
WFC Wells Fargo & Company Options Chain 1.28 1.55 0.24 1.00 0.24 0.26 6 5 -0.30 -0.04 87.00 83.00 2/27/2026 No 13 75 None
HPQ HP Inc Options Chain 0.35 0.60 0.12 0.50 0.24 0.47 1 0 -0.25 -0.02 19.82 18.00 2/27/2026 Yes 12 48 None
OXY Occidental Petroleum Corp Options Chain 0.67 1.03 0.23 1.00 0.23 0.35 17 0 -0.26 -0.03 42.23 41.00 2/27/2026 Yes 7 59 None
JPM JPMorgan Chase & Company Options Chain 3.75 4.30 1.15 5.00 0.23 0.25 30 32 -0.26 -0.14 303.35 290.00 2/27/2026 No 8 78 None
BAC Bank Of America Corp Options Chain 0.63 0.72 0.22 1.00 0.22 0.24 34 4 -0.25 -0.02 52.10 50.00 2/27/2026 No 13 74 None
EQT EQT Corp Options Chain 0.89 1.47 0.22 1.00 0.22 0.40 0 2 -0.27 -0.03 51.46 51.00 2/27/2026 Yes 13 69 None
T AT&T Inc Options Chain 0.32 0.45 0.11 0.50 0.22 0.28 10 51 -0.28 -0.01 23.48 22.50 2/27/2026 Yes 10 60 None
F Ford Motor Company Options Chain 0.29 0.35 0.11 0.50 0.22 0.34 22 8 -0.30 -0.01 13.30 13.00 2/27/2026 Yes 15 58 None
C Citigroup Inc Options Chain 1.72 2.13 0.21 1.00 0.21 0.30 2 10 -0.28 -0.05 113.12 108.00 2/27/2026 No 14 77 None
KO Coca-Cola Company Options Chain 0.71 0.94 0.21 1.00 0.21 0.19 7 12 -0.29 -0.02 71.51 70.00 2/27/2026 Yes 7 63 None
COF Capital One Financial Corp Options Chain 3.50 5.00 1.00 5.00 0.20 0.37 7 0 -0.25 -0.12 229.41 215.00 2/27/2026 Yes 9 66 None
QCOM Qualcomm Inc Options Chain 2.67 3.25 0.87 5.00 0.17 0.39 19 6 -0.24 -0.10 154.50 145.00 2/27/2026 Yes 12 69 None
V Visa Inc - Class A Options Chain 3.75 5.90 0.85 5.00 0.17 0.24 16 5 -0.30 -0.14 326.38 315.00 2/27/2026 Yes 9 69 None
DAL Delta Air Lines Inc Options Chain 1.29 1.98 0.16 1.00 0.16 0.38 4 22 -0.29 -0.04 68.11 65.00 2/27/2026 No 11 57 None