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
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.25 0.75 0.40 1.00 0.40 0.41 2 0 -0.27 -0.01 11.15 10.00 8/21/2026 Yes 19 62 None
HPE Hewlett Packard Enterprise Company Options Chain 1.99 2.12 0.38 1.00 0.38 0.68 125 26 -0.28 -0.04 43.81 37.00 8/21/2026 No 10 53 None
QCOM Qualcomm Inc Options Chain 8.70 9.00 1.82 5.00 0.36 0.69 52 114 -0.28 -0.16 181.92 155.00 8/21/2026 Yes 14 72 None
COST Costco Wholesale Corp Options Chain 12.70 18.45 1.75 5.00 0.35 0.22 15 15 -0.30 -0.33 937.21 915.00 8/21/2026 No 15 61 None
DELL Dell Technologies Inc - Class C Options Chain 24.30 25.55 3.45 10.00 0.35 0.81 116 48 -0.30 -0.41 422.39 350.00 8/21/2026 No 11 52 None
IBM International Business Machines Corp Options Chain 10.55 12.15 1.72 5.00 0.34 0.52 31 151 -0.29 -0.18 286.25 265.00 8/21/2026 Yes 10 63 None
TSM Taiwan Semiconductor Manufacturing Options Chain 19.25 19.80 3.40 10.00 0.34 0.54 494 69 -0.30 -0.34 444.23 400.00 8/21/2026 Yes 23 65
Dividend Stock List
PAAS Pan American Silver Corp Options Chain 1.75 2.20 0.33 1.00 0.33 0.55 14 26 -0.30 -0.04 44.33 42.00 8/21/2026 Yes 14 55 None
CRM Salesforce Inc Options Chain 5.55 5.90 1.58 5.00 0.32 0.43 120 98 -0.28 -0.10 156.66 155.00 8/21/2026 No 15 71 None
CMCSA Comcast Corp - Class A Options Chain 0.51 0.66 0.31 1.00 0.31 0.39 148 447 -0.30 -0.01 23.73 22.00 8/21/2026 Yes 16 68 None
ORCL Oracle Corp Options Chain 5.45 5.70 1.50 5.00 0.30 0.60 490 621 -0.28 -0.11 142.50 125.00 8/21/2026 No 7 60 None
EPD Enterprise Products Partners L P Options Chain 0.44 0.60 0.29 1.00 0.29 0.20 12 0 -0.25 -0.01 36.64 35.00 8/21/2026 Yes 12 66 None
PCAR Paccar Inc Options Chain 1.95 2.50 0.40 1.40 0.29 0.35 1 3 -0.23 -0.06 121.24 110.00 8/21/2026 Yes 13 68 None
CSCO Cisco Systems Inc Options Chain 2.75 3.65 0.71 2.50 0.28 0.50 136 12 -0.23 -0.06 117.01 100.00 8/21/2026 Yes 9 62 None
APH Amphenol Corp - Class A Options Chain 6.00 6.70 1.40 5.00 0.28 0.59 23 12 -0.26 -0.12 172.22 145.00 8/21/2026 Yes 8 58 None
DAL Delta Air Lines Inc Options Chain 2.51 3.10 0.70 2.50 0.28 0.44 14 18 -0.27 -0.05 93.06 85.00 8/21/2026 Yes 11 57 None
UNH Unitedhealth Group Inc Options Chain 10.50 10.80 2.75 10.00 0.28 0.35 89 62 -0.29 -0.22 415.63 400.00 8/21/2026 Yes 12 63 None
VZ Verizon Communications Inc Options Chain 0.86 0.96 0.27 1.00 0.27 0.31 520 929 -0.27 -0.01 42.34 39.00 8/21/2026 Yes 9 64 None
V Visa Inc - Class A Options Chain 6.15 6.65 1.30 5.00 0.26 0.25 11 41 -0.30 -0.13 343.09 345.00 8/21/2026 Yes 11 69 None
XOM Exxon Mobil Corp Options Chain 2.75 2.90 1.30 5.00 0.26 0.28 781 722 -0.30 -0.05 136.28 130.00 8/21/2026 Yes 11 71 None
RTX RTX Corp Options Chain 3.50 4.10 1.27 5.00 0.25 0.31 22 39 -0.27 -0.08 189.73 185.00 8/21/2026 Yes 11 61 None
KEY Keycorp Options Chain 0.45 0.60 0.25 1.00 0.25 0.30 1 5 -0.30 -0.01 23.38 22.00 8/21/2026 Yes 10 59 None
FCX Freeport-McMoRan Inc Options Chain 2.20 2.28 1.24 5.00 0.25 0.55 550 85 -0.29 -0.04 60.53 55.00 8/21/2026 Yes 9 58 None
BHP BHP Group Ltd Options Chain 2.00 2.30 0.62 2.50 0.25 0.38 0 2 -0.28 -0.04 82.22 77.50 8/21/2026 Yes 11 24 None
FOXA Fox Corporation - Class A Options Chain 0.85 3.10 1.20 5.00 0.24 0.43 63 10 -0.21 -0.03 54.13 50.00 8/21/2026 Yes 11 53 None
DVN Devon Energy Corp Options Chain 0.95 1.01 0.60 2.50 0.24 0.39 51 11 -0.28 -0.02 40.25 37.50 8/21/2026 Yes 10 60 None
JNJ Johnson & Johnson Options Chain 4.65 5.60 2.38 10.00 0.24 0.27 78 263 -0.29 -0.09 253.90 250.00 8/21/2026 Yes 12 72 None
ALL Allstate Corp (The) Options Chain 4.90 5.50 2.37 10.00 0.24 0.26 4 3 -0.30 -0.10 243.12 240.00 8/21/2026 Yes 19 75 None
WFC Wells Fargo & Company Options Chain 1.62 1.77 0.58 2.50 0.23 0.31 79 138 -0.27 -0.03 82.64 80.00 8/21/2026 Yes 10 64 None
KR Kroger Company Options Chain 1.07 1.29 0.58 2.50 0.23 0.28 23 199 -0.29 -0.02 56.31 55.00 8/21/2026 No 11 57 None
GM General Motors Company Options Chain 1.87 2.07 1.14 5.00 0.23 0.41 27 26 -0.28 -0.04 75.52 70.00 8/21/2026 Yes 11 67 None
ZION Zions Bancorporation N.A Options Chain 1.25 1.65 0.57 2.50 0.23 0.31 1 0 -0.28 -0.02 69.19 65.00 8/21/2026 Yes 19 73 None
MCD McDonald`s Corp Options Chain 3.80 4.00 1.12 5.00 0.22 0.24 118 117 -0.25 -0.11 270.31 265.00 8/21/2026 Yes 12 69 None
HPQ HP Inc Options Chain 0.55 0.59 0.22 1.00 0.22 0.44 562 982 -0.25 -0.01 22.09 20.00 8/21/2026 No 12 38 None
ALLY Ally Financial Inc Options Chain 1.00 1.30 0.22 1.00 0.22 0.36 1 0 -0.29 -0.02 46.08 42.00 8/21/2026 Yes 15 74 None
C Citigroup Inc Options Chain 2.84 3.05 1.08 5.00 0.22 0.33 135 64 -0.27 -0.06 140.13 130.00 8/21/2026 Yes 13 77 None
NVO Novo Nordisk Options Chain 1.20 1.23 0.54 2.50 0.22 0.45 1421 65 -0.25 -0.03 48.77 45.00 8/21/2026 Yes 13 54 None
JPM JPMorgan Chase & Company Options Chain 5.05 5.65 1.07 5.00 0.21 0.27 21 40 -0.26 -0.11 333.87 315.00 8/21/2026 Yes 12 77 None
WMT Walmart Inc Options Chain 1.83 1.94 1.02 5.00 0.20 0.29 10307 8292 -0.24 -0.05 113.26 105.00 8/21/2026 Yes 10 59 None
SYF Synchrony Financial Options Chain 1.25 1.55 0.50 2.50 0.20 0.33 1 0 -0.24 -0.03 76.77 70.00 8/21/2026 Yes 12 64 None
EXC Exelon Corp Options Chain 0.50 0.70 0.20 1.00 0.20 0.23 0 1 -0.27 -0.01 46.74 45.00 8/21/2026 Yes 11 65 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.40 0.20 1.00 0.20 0.28 3 6 -0.29 -0.01 18.09 17.00 8/21/2026 Yes 8 57 None
MFC Manulife Financial Corp Options Chain 0.55 0.90 0.20 1.00 0.20 0.25 0 1 -0.29 -0.01 40.72 39.00 8/21/2026 Yes 15 60 None
RIO Rio Tinto plc Options Chain 1.90 2.20 0.97 5.00 0.19 0.39 0 29 -0.25 -0.03 93.35 85.00 8/21/2026 No 8 62 None
GIS General Mills Inc Options Chain 0.55 0.80 0.48 2.50 0.19 0.27 331 106 -0.23 -0.01 37.77 35.00 8/21/2026 Yes 8 53 None
TFC Truist Financial Corporation Options Chain 0.80 0.95 0.48 2.50 0.19 0.29 7 8 -0.25 -0.02 50.89 47.50 8/21/2026 Yes 11 67 None
F Ford Motor Company Options Chain 0.30 0.32 0.18 1.00 0.18 0.43 994 117 -0.24 -0.01 13.66 12.00 8/21/2026 Yes 9 47 None
KMI Kinder Morgan Inc - Class P Options Chain 0.35 0.49 0.18 1.00 0.18 0.24 2 0 -0.25 -0.01 32.01 30.00 8/21/2026 Yes 13 66 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 1.10 1.35 0.83 5.00 0.17 0.35 13 7 -0.28 -0.02 52.91 50.00 8/21/2026 No 11 65 None
ZTS Zoetis Inc - Class A Options Chain 1.45 1.55 0.82 5.00 0.16 0.48 191 415 -0.19 -0.03 71.86 65.00 8/21/2026 Yes 11 56 None
T AT&T Inc Options Chain 0.28 0.31 0.16 1.00 0.16 0.36 85 49 -0.18 -0.01 20.70 18.00 8/21/2026 Yes 13 70 None
PCG PG&E Corp Options Chain 0.30 0.43 0.16 1.00 0.16 0.33 54 0 -0.28 -0.01 16.57 16.00 8/21/2026 Yes 13 59 None
BAC Bank Of America Corp Options Chain 0.78 0.82 0.39 2.50 0.16 0.27 2243 186 -0.23 -0.02 58.36 55.00 8/21/2026 Yes 10 64 None
USB U.S. Bancorp. Options Chain 0.79 0.89 0.38 2.50 0.15 0.27 3 5 -0.22 -0.02 61.96 57.50 8/21/2026 Yes 12 65 None