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
VST Vistra Corp Options Chain 4.35 7.40 1.95 5.00 0.39 0.55 3 0 -0.29 -0.11 144.70 130.00 9/25/2026 Yes 6 56 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.20 14.60 1.62 5.00 0.32 0.44 2 11 -0.29 -0.25 414.00 390.00 9/25/2026 No 23 65
Dividend Stock List
CRM Salesforce Inc Options Chain 6.20 7.20 1.42 5.00 0.28 0.49 0 1 -0.28 -0.12 192.98 170.00 9/25/2026 Yes 11 63 None
IBM International Business Machines Corp Options Chain 4.00 7.90 1.35 5.00 0.27 0.39 0 3 -0.27 -0.11 235.92 215.00 9/25/2026 No 9 66 None
EPD Enterprise Products Partners L P Options Chain 0.27 0.68 0.27 1.00 0.27 0.22 5 0 -0.23 -0.01 37.72 36.00 9/25/2026 No 9 59 None
KO Coca-Cola Company Options Chain 0.94 1.26 0.26 1.00 0.26 0.20 0 1 -0.27 -0.02 86.83 83.00 9/25/2026 No 12 67 None
UNH Unitedhealth Group Inc Options Chain 6.95 8.20 1.25 5.00 0.25 0.30 24 0 -0.27 -0.15 412.75 380.00 9/25/2026 No 12 63 None
CLX Clorox Company Options Chain 2.20 2.40 1.25 5.00 0.25 0.32 37 79 -0.29 -0.04 105.84 100.00 9/18/2026 No 10 54 None
EC Ecopetrol SA Options Chain 0.40 0.55 0.23 1.00 0.23 0.43 12 2 -0.28 -0.01 16.39 16.00 9/18/2026 Yes 14 55 None
IVZ Invesco Ltd Options Chain 0.55 0.80 0.23 1.00 0.23 0.34 0 1 -0.29 -0.02 31.75 30.00 9/18/2026 No 8 59 None
CNP Centerpoint Energy Inc Options Chain 0.35 0.65 0.22 1.00 0.22 0.25 2 0 -0.25 -0.02 40.65 39.00 9/18/2026 No 9 64 None
ALLY Ally Financial Inc Options Chain 0.70 0.80 0.22 1.00 0.22 0.29 1 10 -0.27 -0.02 44.74 42.00 9/18/2026 No 11 63 None
QCOM Qualcomm Inc Options Chain 5.40 6.65 1.08 5.00 0.22 0.54 1 0 -0.28 -0.10 157.53 145.00 9/25/2026 No 11 64 None
CVX Chevron Corp Options Chain 0.68 4.50 1.06 5.00 0.21 0.26 0 1 -0.21 -0.04 186.41 175.00 9/25/2026 No 13 77 None
BHP BHP Group Ltd Options Chain 1.85 1.95 0.52 2.50 0.21 0.42 7 7 -0.24 -0.04 89.38 80.00 9/18/2026 Yes 9 57 None
ZION Zions Bancorporation N.A Options Chain 1.00 1.30 0.52 2.50 0.21 0.27 1 1 -0.27 -0.03 71.70 67.50 9/18/2026 No 15 66 None
BCS Barclays plc Options Chain 0.45 0.55 0.20 1.00 0.20 0.35 0 5 -0.24 -0.01 28.46 26.00 9/18/2026 No 15 52 None
GLW Corning Inc Options Chain 7.20 11.10 0.97 5.00 0.19 0.77 11 6 -0.28 -0.17 156.70 140.00 9/25/2026 No 10 54 None
RMD Resmed Inc Options Chain 3.80 5.10 0.95 5.00 0.19 0.46 2 3 -0.21 -0.14 224.00 200.00 9/18/2026 Yes 18 68
Dividend Stock List
MET Metlife Inc Options Chain 1.10 1.55 0.45 2.50 0.18 0.24 5 1 -0.26 -0.04 96.26 95.00 9/18/2026 Yes 15 61 None
INFY Infosys Ltd Options Chain 0.20 0.35 0.18 1.00 0.18 0.49 28 15 -0.24 -0.01 12.48 11.00 9/18/2026 No 13 43 None
EXC Exelon Corp Options Chain 0.45 0.60 0.18 1.00 0.18 0.22 0 34 -0.26 -0.01 45.76 43.00 9/18/2026 No 8 57 None
F Ford Motor Company Options Chain 0.27 0.35 0.09 0.50 0.18 0.34 21 2 -0.29 0.00 14.13 13.00 9/25/2026 No 9 47 None
ALL Allstate Corp (The) Options Chain 3.60 4.20 1.72 10.00 0.17 0.26 1705 6 -0.27 -0.10 263.95 260.00 9/18/2026 Yes 19 75 None
KEY Keycorp Options Chain 0.20 0.30 0.15 1.00 0.15 0.28 10 10 -0.20 -0.01 23.09 21.00 9/18/2026 No 10 59 None