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
HPE Hewlett Packard Enterprise Company Options Chain 3.00 3.65 0.52 1.00 0.52 0.88 7 54 -0.28 -0.06 50.24 46.00 9/18/2026 Yes 8 52 None
GLW Corning Inc Options Chain 8.60 9.15 1.75 5.00 0.35 0.81 45 152 -0.29 -0.17 150.33 140.00 9/18/2026 No 10 54 None
NVO Novo Nordisk Options Chain 1.62 1.78 0.85 2.50 0.34 0.42 128 193 -0.21 -0.02 47.09 42.50 9/18/2026 Yes 17 60 None
VST Vistra Corp Options Chain 6.00 6.25 1.65 5.00 0.33 0.57 561 795 -0.30 -0.13 155.94 135.00 9/18/2026 Yes 6 56 None
ORCL Oracle Corp Options Chain 7.25 7.40 1.63 5.00 0.33 0.77 1476 230 -0.28 -0.16 141.85 130.00 9/18/2026 Yes 9 63 None
IBM International Business Machines Corp Options Chain 6.70 6.90 1.55 5.00 0.31 0.42 46 41 -0.29 -0.12 226.31 215.00 9/18/2026 No 9 66 None
CRM Salesforce Inc Options Chain 6.70 7.05 1.55 5.00 0.31 0.52 275 17 -0.30 -0.14 185.95 175.00 9/18/2026 Yes 15 70 None
HPQ HP Inc Options Chain 0.97 1.05 0.31 1.00 0.31 0.57 24 3 -0.26 -0.02 27.17 25.00 9/18/2026 Yes 12 45 None
GPN Global Payments Inc Options Chain 2.75 3.20 0.75 2.50 0.30 0.49 3 0 -0.29 -0.06 86.19 80.00 9/18/2026 Yes 10 57 None
EIX Edison International Options Chain 1.70 2.10 0.72 2.50 0.29 0.39 254 552 -0.28 -0.04 72.20 67.50 9/18/2026 No 9 64 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.75 12.10 2.75 10.00 0.28 0.48 56 55 -0.26 -0.28 406.11 380.00 9/18/2026 No 23 65
Dividend Stock List
BHP BHP Group Ltd Options Chain 2.30 2.55 0.68 2.50 0.27 0.41 6 0 -0.28 -0.04 83.50 80.00 9/18/2026 Yes 9 57 None
QCOM Qualcomm Inc Options Chain 5.40 5.80 1.30 5.00 0.26 0.59 56 1598 -0.26 -0.12 151.57 145.00 9/18/2026 No 11 64 None
XOM Exxon Mobil Corp Options Chain 2.95 3.10 1.30 5.00 0.26 0.30 124 93 -0.28 -0.06 155.44 145.00 9/18/2026 No 11 72 None
CSCO Cisco Systems Inc Options Chain 3.40 3.65 1.30 5.00 0.26 0.48 22 79 -0.28 -0.08 115.51 110.00 9/18/2026 Yes 7 58 None
DOW Dow Inc Options Chain 0.91 1.03 0.61 2.50 0.24 0.47 17 6 -0.30 -0.02 30.00 27.50 9/18/2026 No 8 56 None
VZ Verizon Communications Inc Options Chain 0.73 0.75 0.23 1.00 0.23 0.27 72 177 -0.25 -0.02 47.36 44.00 9/18/2026 No 9 64 None
PAAS Pan American Silver Corp Options Chain 1.50 1.65 0.23 1.00 0.23 0.55 30 19 -0.28 -0.03 43.73 41.00 9/18/2026 Yes 19 64 None
APA APA Corporation Options Chain 0.90 1.13 0.57 2.50 0.23 0.47 126 0 -0.24 -0.02 37.16 32.50 9/18/2026 Yes 15 62 None
EQT EQT Corp Options Chain 0.86 0.91 0.57 2.50 0.23 0.27 44 8 -0.28 -0.02 53.56 50.00 9/18/2026 No 11 60 None
FCX Freeport-McMoRan Inc Options Chain 1.94 2.07 1.13 5.00 0.23 0.53 230 214 -0.25 -0.05 63.64 60.00 9/18/2026 No 9 63 None
WFC Wells Fargo & Company Options Chain 1.42 1.47 0.56 2.50 0.22 0.26 3801 487 -0.29 -0.03 86.45 85.00 9/18/2026 No 15 74 None
C Citigroup Inc Options Chain 2.58 2.71 1.11 5.00 0.22 0.31 158 161 -0.27 -0.07 133.57 130.00 9/18/2026 No 14 69 None
JPM JPMorgan Chase & Company Options Chain 4.70 5.05 1.10 5.00 0.22 0.23 24 254 -0.25 -0.14 352.96 345.00 9/18/2026 No 12 80 None
ITT ITT Inc Options Chain 4.70 6.10 1.10 5.00 0.22 0.43 4012 0 -0.28 -0.10 198.44 185.00 9/18/2026 Yes 10 59 None
RF Regions Financial Corp Options Chain 0.35 0.65 0.22 1.00 0.22 0.27 0 3 -0.26 -0.01 31.48 30.00 9/18/2026 No 17 70 None
PCG PG&E Corp Options Chain 0.51 0.55 0.22 1.00 0.22 0.49 1149 106 -0.27 -0.01 17.26 16.00 9/18/2026 No 13 59 None
MCD McDonald`s Corp Options Chain 3.45 4.00 1.08 5.00 0.22 0.24 89 211 -0.26 -0.08 265.23 255.00 9/18/2026 Yes 9 60 None
SIRI Sirius XM Holdings Inc Options Chain 0.51 0.64 0.21 1.00 0.21 0.36 0 2 -0.24 -0.01 30.37 28.00 9/18/2026 No 11 62 None
T AT&T Inc Options Chain 0.41 0.43 0.21 1.00 0.21 0.28 71 59 -0.28 -0.01 23.59 22.00 9/18/2026 No 15 70 None
NEE NextEra Energy Inc Options Chain 1.16 1.26 0.52 2.50 0.21 0.23 26 47 -0.28 -0.02 86.55 82.50 9/18/2026 No 7 65 None
JNJ Johnson & Johnson Options Chain 3.65 4.05 2.07 10.00 0.21 0.26 46 61 -0.28 -0.08 254.41 240.00 9/18/2026 No 10 72 None
KO Coca-Cola Company Options Chain 1.07 1.16 0.51 2.50 0.20 0.22 115 83 -0.28 -0.03 86.86 82.50 9/18/2026 No 12 67 None
MFC Manulife Financial Corp Options Chain 0.55 0.75 0.20 1.00 0.20 0.25 1 0 -0.22 -0.01 44.51 42.00 9/18/2026 Yes 17 66 None
KMI Kinder Morgan Inc - Class P Options Chain 0.38 0.47 0.20 1.00 0.20 0.23 86 7 -0.28 -0.01 31.25 30.00 9/18/2026 No 11 66 None
KEY Keycorp Options Chain 0.35 0.45 0.20 1.00 0.20 0.25 9 0 -0.29 -0.01 22.81 22.00 9/18/2026 No 10 59 None
ALLY Ally Financial Inc Options Chain 0.60 0.75 0.18 1.00 0.18 0.30 0 1 -0.25 -0.02 44.10 42.00 9/18/2026 No 11 64 None
INFY Infosys Ltd Options Chain 0.25 0.45 0.17 1.00 0.17 0.46 1 0 -0.22 -0.01 12.25 11.00 9/18/2026 No 13 43 None
WMT Walmart Inc Options Chain 1.24 1.30 0.42 2.50 0.17 0.32 161 59 -0.18 -0.04 111.20 100.00 9/18/2026 Yes 10 59 None
BAC Bank Of America Corp Options Chain 0.75 0.78 0.41 2.50 0.16 0.23 237 867 -0.24 -0.02 62.48 60.00 9/18/2026 No 13 74 None
DEO Diageo plc Options Chain 1.35 1.65 0.80 5.00 0.16 0.38 225 0 -0.21 -0.05 88.51 80.00 9/18/2026 Yes 11 58 None
CMCSA Comcast Corp - Class A Options Chain 0.37 0.41 0.24 1.50 0.16 0.35 19 20 -0.21 -0.01 24.56 22.50 9/18/2026 No 15 66 None
F Ford Motor Company Options Chain 0.24 0.26 0.16 1.00 0.16 0.35 1501 91 -0.23 0.00 14.48 13.00 9/18/2026 No 9 47 None
JCI Johnson Controls International plc Options Chain 2.15 2.65 0.77 5.00 0.15 0.35 1 6 -0.24 -0.06 146.39 140.00 9/18/2026 No 8 58 None
NKE Nike Inc - Class B Options Chain 0.61 0.65 0.38 2.50 0.15 0.39 218 474 -0.19 -0.01 42.64 37.50 9/18/2026 No 10 51 None
AME Ametek Inc Options Chain 2.05 3.30 1.50 10.00 0.15 0.29 1000 0 -0.19 -0.11 244.23 230.00 9/18/2026 Yes 10 61 None