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
PAAS Pan American Silver Corp Options Chain 1.30 1.65 0.40 1.00 0.40 0.49 2 0 -0.28 -0.04 50.85 45.00 10/30/2026 No 19 65 None
C Citigroup Inc Options Chain 2.76 3.10 0.36 1.00 0.36 0.32 2 0 -0.30 -0.08 132.60 127.00 10/30/2026 Yes 17 78 None
WFC Wells Fargo & Company Options Chain 1.48 1.74 0.35 1.00 0.35 0.32 0 2 -0.28 -0.05 83.15 79.00 10/30/2026 Yes 15 74 None
ORCL Oracle Corp Options Chain 5.35 5.65 0.35 1.00 0.35 0.52 7 2 -0.30 -0.12 148.56 137.00 10/30/2026 No 12 69 None
WMT Walmart Inc Options Chain 1.67 2.02 0.34 1.00 0.34 0.23 9 3 -0.30 -0.05 110.05 107.00 10/30/2026 No 9 59 None
FCX Freeport-McMoRan Inc Options Chain 1.90 2.40 0.31 1.00 0.31 0.49 1 0 -0.30 -0.05 74.35 67.00 10/30/2026 Yes 10 59 None
CRM Salesforce Inc Options Chain 5.85 6.20 1.53 5.00 0.31 0.41 20 19 -0.29 -0.16 233.00 225.00 10/30/2026 No 11 63 None
XOM Exxon Mobil Corp Options Chain 2.15 3.15 0.75 2.50 0.30 0.30 5 5 -0.26 -0.06 158.80 152.50 10/30/2026 Yes 13 74 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.40 8.75 1.43 5.00 0.29 0.33 16 96 -0.27 -0.24 452.00 425.00 10/30/2026 Yes 20 61
Dividend Stock List
DOW Dow Inc Options Chain 0.71 0.84 0.27 1.00 0.27 0.43 17 0 -0.29 -0.02 28.39 27.00 10/30/2026 Yes 8 54 None
KO Coca-Cola Company Options Chain 0.86 1.09 0.26 1.00 0.26 0.22 2 10 -0.25 -0.04 88.63 85.00 10/30/2026 Yes 12 67 None
COP Conoco Phillips Options Chain 1.86 2.59 0.26 1.00 0.26 0.32 0 2 -0.28 -0.07 125.27 122.00 10/30/2026 No 12 77 None
BAC Bank Of America Corp Options Chain 0.89 1.02 0.26 1.00 0.26 0.27 17 29 -0.29 -0.03 56.20 54.00 10/30/2026 Yes 10 65 None
QCOM Qualcomm Inc Options Chain 4.95 5.50 1.25 5.00 0.25 0.51 17 9 -0.25 -0.15 198.23 180.00 10/30/2026 No 12 70 None
NKE Nike Inc - Class B Options Chain 0.70 0.82 0.25 1.00 0.25 0.44 46 15 -0.24 -0.03 36.10 33.00 10/30/2026 Yes 13 61 None
BMY Bristol-Myers Squibb Company Options Chain 0.86 1.16 0.25 1.00 0.25 0.32 3 14 -0.26 -0.03 62.25 58.00 10/30/2026 Yes 11 61 None
UNH Unitedhealth Group Inc Options Chain 6.55 7.00 1.23 5.00 0.25 0.38 28 2 -0.27 -0.25 372.95 345.00 10/30/2026 Yes 13 65 None
CMCSA Comcast Corp - Class A Options Chain 0.45 0.52 0.24 1.00 0.24 0.39 1 7 -0.22 -0.01 22.42 21.00 10/30/2026 Yes 15 71 None
NVO Novo Nordisk Options Chain 0.62 0.74 0.24 1.00 0.24 0.30 0 10 -0.28 -0.02 39.40 37.00 10/30/2026 No 11 50 None
MCD McDonald`s Corp Options Chain 2.50 2.92 1.11 5.00 0.22 0.23 40 29 -0.27 -0.10 251.35 230.00 10/30/2026 No 9 59 None
USB U.S. Bancorp. Options Chain 0.84 1.04 0.22 1.00 0.22 0.28 1 1 -0.28 -0.02 59.44 56.00 10/30/2026 Yes 12 65 None
EQT EQT Corp Options Chain 0.75 0.93 0.22 1.00 0.22 0.32 5 0 -0.29 -0.03 51.07 49.00 10/30/2026 Yes 15 69 None
KHC Kraft Heinz Company Options Chain 0.36 0.56 0.11 0.50 0.22 0.29 102 5 -0.30 -0.02 24.00 23.00 10/30/2026 No 7 57 None
VZ Verizon Communications Inc Options Chain 0.61 0.69 0.19 1.00 0.19 0.30 1 4 -0.29 -0.01 46.60 44.00 10/30/2026 No 9 73 None
F Ford Motor Company Options Chain 0.21 0.23 0.09 0.50 0.18 0.38 51 3 -0.23 -0.01 13.10 12.00 10/30/2026 Yes 9 51 None
DVN Devon Energy Corp Options Chain 0.72 1.33 0.17 1.00 0.17 0.36 0 1 -0.30 -0.03 46.96 46.00 10/30/2026 No 10 57 None
T AT&T Inc Options Chain 0.28 0.42 0.08 0.50 0.16 0.32 2 20 -0.27 -0.01 25.10 23.50 10/30/2026 Yes 14 67 None