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 14.00 2.00 5.00 0.40 0.92 80 81 -0.30 -0.25 185.38 165.00 8/21/2026 Yes 8 52 None
DELL Dell Technologies Inc - Class C Options Chain 28.95 30.95 3.62 10.00 0.36 0.87 125 308 -0.30 -0.54 417.28 390.00 8/21/2026 No 14 57 None
FCX Freeport-McMoRan Inc Options Chain 1.45 1.74 0.35 1.00 0.35 0.58 2944 26 -0.21 -0.04 59.31 50.00 8/21/2026 Yes 10 58 None
QCOM Qualcomm Inc Options Chain 10.00 11.00 1.70 5.00 0.34 0.73 148 138 -0.30 -0.20 182.30 170.00 8/21/2026 Yes 11 64 None
MSFT Microsoft Corporation Options Chain 10.80 11.10 1.60 5.00 0.32 0.41 754 125 -0.29 -0.23 388.84 360.00 8/21/2026 Yes 12 65 None
HPE Hewlett Packard Enterprise Company Options Chain 2.07 2.42 0.31 1.00 0.31 0.72 28 6 -0.28 -0.04 43.47 40.00 8/21/2026 No 8 51 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.90 16.30 3.00 10.00 0.30 0.54 360 217 -0.28 -0.35 436.98 400.00 8/21/2026 Yes 20 61
Dividend Stock List
APH Amphenol Corp - Class A Options Chain 6.60 7.10 1.50 5.00 0.30 0.60 26 12 -0.29 -0.14 157.83 145.00 8/21/2026 Yes 8 58 None
VZ Verizon Communications Inc Options Chain 0.88 0.96 0.30 1.00 0.30 0.30 55 240 -0.28 -0.01 42.63 40.00 8/21/2026 Yes 13 73 None
GPN Global Payments Inc Options Chain 2.00 2.65 0.73 2.50 0.29 0.48 6 6 -0.28 -0.05 77.59 67.50 8/21/2026 Yes 10 62 None
VST Vistra Corp Options Chain 5.25 5.80 1.45 5.00 0.29 0.57 31 69 -0.26 -0.13 155.40 140.00 8/21/2026 Yes 8 62 None
CRM Salesforce Inc Options Chain 4.65 4.90 1.40 5.00 0.28 0.44 41 151 -0.28 -0.11 169.52 155.00 8/21/2026 No 15 71 None
LUV Southwest Airlines Company Options Chain 1.71 1.92 0.70 2.50 0.28 0.53 43 39 -0.29 -0.04 49.43 45.00 8/21/2026 Yes 12 57 None
AXP American Express Company Options Chain 7.00 7.90 2.77 10.00 0.28 0.32 64 33 -0.29 -0.17 349.06 320.00 8/21/2026 Yes 12 70 None
ORCL Oracle Corp Options Chain 4.95 5.20 1.38 5.00 0.28 0.61 881 885 -0.26 -0.11 140.49 125.00 8/21/2026 No 10 67 None
CSCO Cisco Systems Inc Options Chain 3.75 4.10 1.37 5.00 0.27 0.51 46 18 -0.29 -0.08 111.79 105.00 8/21/2026 Yes 9 62 None
ACN Accenture plc - Class A Options Chain 4.00 4.30 1.35 5.00 0.27 0.49 21 32 -0.27 -0.08 142.10 125.00 8/21/2026 No 19 71 None
IBM International Business Machines Corp Options Chain 9.50 10.45 1.35 5.00 0.27 0.52 8 40 -0.28 -0.19 306.13 275.00 8/21/2026 Yes 13 70 None
CLX Clorox Company Options Chain 1.40 2.65 1.33 5.00 0.27 0.40 101 68 -0.20 -0.04 97.41 85.00 8/21/2026 Yes 15 55 None
UNH Unitedhealth Group Inc Options Chain 10.25 10.80 2.60 10.00 0.26 0.37 260 93 -0.29 -0.25 428.05 400.00 8/21/2026 Yes 11 63 None
NVO Novo Nordisk Options Chain 1.36 1.45 0.65 2.50 0.26 0.46 660 31 -0.28 -0.03 48.89 45.00 8/21/2026 Yes 17 60 None
HPQ HP Inc Options Chain 0.67 0.70 0.26 1.00 0.26 0.45 12 72 -0.27 -0.02 22.96 22.00 8/21/2026 No 12 38 None
KGC Kinross Gold Corp Options Chain 0.61 0.87 0.26 1.00 0.26 0.52 6 22 -0.27 -0.02 23.88 21.00 8/21/2026 Yes 14 53 None
C Citigroup Inc Options Chain 3.15 3.30 1.26 5.00 0.25 0.34 127 81 -0.29 -0.06 137.39 130.00 8/21/2026 Yes 14 77 None
APA APA Corporation Options Chain 1.08 1.38 0.63 2.50 0.25 0.48 3 13 -0.30 -0.02 34.13 32.50 8/21/2026 Yes 15 64 None
MPC Marathon Petroleum Corp Options Chain 6.00 7.80 2.50 10.00 0.25 0.40 12 15 -0.27 -0.15 266.33 260.00 8/21/2026 Yes 12 59 None
CMCSA Comcast Corp - Class A Options Chain 0.39 0.60 0.25 1.00 0.25 0.44 776 22 -0.22 -0.01 23.41 21.00 8/21/2026 Yes 12 58 None
PPL PPL Corp Options Chain 0.30 0.70 0.25 1.00 0.25 0.28 1 0 -0.22 -0.02 35.99 34.00 8/21/2026 Yes 8 60 None
ALLY Ally Financial Inc Options Chain 0.90 1.20 0.25 1.00 0.25 0.39 0 4 -0.26 -0.02 45.60 41.00 8/21/2026 Yes 10 65 None
EQNR Equinor ASA Options Chain 0.80 1.00 0.25 1.00 0.25 0.39 3 0 -0.29 -0.02 33.91 32.00 8/21/2026 Yes 11 61 None
INFY Infosys Ltd Options Chain 0.40 0.50 0.25 1.00 0.25 0.57 108 4005 -0.30 -0.01 11.27 10.00 8/21/2026 Yes 13 45 None
JPM JPMorgan Chase & Company Options Chain 5.20 5.65 1.23 5.00 0.25 0.27 27 104 -0.27 -0.14 339.22 315.00 8/21/2026 Yes 10 69 None
V Visa Inc - Class A Options Chain 5.15 5.75 1.20 5.00 0.24 0.27 20 95 -0.26 -0.14 351.80 330.00 8/21/2026 Yes 11 69 None
KMI Kinder Morgan Inc - Class P Options Chain 0.51 0.62 0.24 1.00 0.24 0.26 0 71 -0.29 -0.01 32.49 31.00 8/21/2026 Yes 8 59 None
DAL Delta Air Lines Inc Options Chain 2.37 2.53 0.59 2.50 0.24 0.47 112 4 -0.26 -0.06 88.63 80.00 8/21/2026 Yes 16 66 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.10 1.55 0.58 2.50 0.23 0.59 49 10 -0.24 -0.03 43.94 37.50 8/21/2026 Yes 17 66 None
PCG PG&E Corp Options Chain 0.29 0.58 0.23 1.00 0.23 0.39 3 1 -0.27 -0.01 17.05 16.00 8/21/2026 Yes 13 59 None
AVGO Broadcom Inc Options Chain 10.90 13.15 1.13 5.00 0.23 0.51 25 17 -0.28 -0.33 367.87 360.00 8/14/2026 No 10 62 None
MO Altria Group Inc Options Chain 1.40 1.51 0.56 2.50 0.22 0.28 51 28 -0.30 -0.03 72.96 70.00 8/21/2026 Yes 8 58 None
PG Procter & Gamble Company Options Chain 2.14 2.22 1.10 5.00 0.22 0.26 67 62 -0.25 -0.05 152.65 140.00 8/21/2026 Yes 12 72 None
WFC Wells Fargo & Company Options Chain 1.39 1.55 0.54 2.50 0.22 0.32 19 12 -0.26 -0.04 85.56 80.00 8/21/2026 Yes 13 73 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.35 1.50 0.53 2.50 0.21 0.51 9 41 -0.23 -0.04 54.60 50.00 8/21/2026 Yes 7 57 None
BHP BHP Group Ltd Options Chain 1.55 1.80 0.53 2.50 0.21 0.39 1 12 -0.25 -0.05 80.23 72.50 8/21/2026 Yes 11 24 None
DVN Devon Energy Corp Options Chain 0.92 0.99 0.53 2.50 0.21 0.40 76 71 -0.26 -0.03 42.41 40.00 8/21/2026 Yes 10 62 None
HAL Halliburton Company Options Chain 0.65 0.94 0.21 1.00 0.21 0.43 58 308 -0.24 -0.02 33.79 32.00 8/21/2026 Yes 10 48 None
TGT Target Corp Options Chain 2.95 3.25 1.02 5.00 0.20 0.44 205 55 -0.24 -0.06 127.62 120.00 8/21/2026 Yes 12 63 None
KO Coca-Cola Company Options Chain 1.02 1.18 0.51 2.50 0.20 0.23 137 53 -0.26 -0.03 84.07 80.00 8/21/2026 Yes 9 61 None
NKE Nike Inc - Class B Options Chain 0.84 0.90 0.50 2.50 0.20 0.36 842 113 -0.25 -0.02 42.89 40.00 8/21/2026 No 13 58 None
CVE Cenovus Energy Inc Options Chain 0.55 0.65 0.20 1.00 0.20 0.46 7 65 -0.23 -0.02 25.21 24.00 8/21/2026 Yes 12 57 None
EPD Enterprise Products Partners L P Options Chain 0.41 0.59 0.20 1.00 0.20 0.21 7 12 -0.24 -0.01 37.64 36.00 8/21/2026 Yes 9 59 None
BAX Baxter International Inc Options Chain 0.60 0.85 0.48 2.50 0.19 0.54 126 50 -0.26 -0.02 23.06 20.00 8/21/2026 Yes 7 37 None
OKE Oneok Inc Options Chain 1.60 1.75 0.95 5.00 0.19 0.32 22 24 -0.26 -0.03 91.16 85.00 8/21/2026 Yes 10 66 None
RIO Rio Tinto plc Options Chain 1.55 1.80 0.90 5.00 0.18 0.40 94 35 -0.21 -0.03 91.88 80.00 8/21/2026 No 10 71 None
RF Regions Financial Corp Options Chain 0.45 0.60 0.18 1.00 0.18 0.32 462 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 0.60 0.18 1.00 0.18 0.42 24 0 -0.28 -0.01 19.36 18.00 8/21/2026 Yes 7 53 None
USB U.S. Bancorp. Options Chain 0.86 0.94 0.43 2.50 0.17 0.28 17 16 -0.25 -0.03 61.00 57.50 8/21/2026 Yes 12 65 None
KEY Keycorp Options Chain 0.25 0.35 0.17 1.00 0.17 0.30 198 8 -0.22 -0.01 23.37 21.00 8/21/2026 Yes 10 59 None
BCS Barclays plc Options Chain 0.45 0.65 0.17 1.00 0.17 0.44 60 0 -0.24 -0.01 27.50 24.00 8/21/2026 Yes 15 51 None
XOM Exxon Mobil Corp Options Chain 1.66 1.79 0.83 5.00 0.17 0.30 381 303 -0.20 -0.04 141.13 130.00 8/21/2026 No 11 71 None
WMT Walmart Inc Options Chain 1.45 1.54 0.82 5.00 0.16 0.30 414 314 -0.22 -0.05 112.04 105.00 8/21/2026 Yes 10 59 None
BAC Bank Of America Corp Options Chain 0.72 0.77 0.40 2.50 0.16 0.27 430 14 -0.22 -0.02 59.86 55.00 8/21/2026 Yes 13 73 None
PAAS Pan American Silver Corp Options Chain 0.85 1.15 0.32 2.00 0.16 0.56 20 3 -0.20 -0.03 44.46 37.00 8/21/2026 Yes 14 55 None
F Ford Motor Company Options Chain 0.25 0.27 0.16 1.00 0.16 0.44 290 80 -0.20 -0.01 13.56 12.00 8/21/2026 Yes 9 48 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.15 0.30 0.15 1.00 0.15 0.43 3 0 -0.22 -0.01 10.82 10.00 8/21/2026 Yes 19 62 None
MFC Manulife Financial Corp Options Chain 0.60 0.80 0.15 1.00 0.15 0.28 0 1 -0.28 -0.02 41.40 39.00 8/21/2026 Yes 15 59 None