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
KLAC KLA Corp Options Chain 6.90 8.20 0.70 1.00 0.70 0.59 2 1 -0.30 -0.13 153.66 146.00 12/18/2026 Yes 11 62 None
SKYD Skydance Corp - Class B Options Chain 0.89 0.93 0.54 1.00 0.54 0.60 238 924 -0.19 0.00 7.77 8.00 12/18/2026 Yes 5 42 None
QCOM Qualcomm Inc Options Chain 6.70 7.00 1.57 5.00 0.31 0.52 55 70 -0.27 -0.11 184.17 165.00 12/18/2026 Yes 12 70 None
GLW Corning Inc Options Chain 5.20 5.55 1.53 5.00 0.31 0.56 35 84 -0.29 -0.10 126.30 120.00 12/18/2026 Yes 10 54 None
NXPI NXP Semiconductors NV Options Chain 7.70 8.70 3.00 10.00 0.30 0.43 231 22 -0.29 -0.15 253.50 230.00 12/18/2026 Yes 11 67 None
VZ Verizon Communications Inc Options Chain 0.93 1.01 0.29 1.00 0.29 0.25 110 47 -0.29 -0.02 43.93 42.00 12/18/2026 Yes 8 64 None
UNH Unitedhealth Group Inc Options Chain 9.65 10.15 2.87 10.00 0.29 0.29 246 50 -0.29 -0.15 410.39 390.00 12/18/2026 No 13 64 None
ORCL Oracle Corp Options Chain 5.35 5.45 1.42 5.00 0.28 0.65 126 26 -0.25 -0.11 131.56 115.00 12/18/2026 Yes 12 73 None
BMY Bristol-Myers Squibb Company Options Chain 1.52 1.62 0.70 2.50 0.28 0.33 291 30 -0.29 -0.03 61.55 57.50 12/18/2026 Yes 16 70 None
OKE Oneok Inc Options Chain 2.05 2.25 0.70 2.50 0.28 0.28 6 6 -0.30 -0.03 96.01 90.00 12/18/2026 Yes 11 63 None
MCD McDonald`s Corp Options Chain 4.15 4.65 1.38 5.00 0.28 0.24 23 58 -0.29 -0.08 249.47 240.00 12/18/2026 Yes 9 59 None
ETN Eaton Corporation plc Options Chain 10.70 11.20 2.75 10.00 0.28 0.44 12 1 -0.26 -0.22 384.20 360.00 12/18/2026 Yes 9 68 None
EQT EQT Corp Options Chain 1.24 1.32 0.66 2.50 0.26 0.32 26 14 -0.27 -0.02 56.27 52.50 12/18/2026 Yes 10 60 None
APH Amphenol Corp - Class A Options Chain 2.10 2.25 0.65 2.50 0.26 0.42 364 64 -0.29 -0.05 78.21 75.00 12/18/2026 Yes 8 55 None
T AT&T Inc Options Chain 0.51 0.55 0.26 1.00 0.26 0.27 595 1193 -0.28 -0.01 20.94 20.00 12/18/2026 No 10 60 None
VST Vistra Corp Options Chain 4.25 4.60 1.29 5.00 0.26 0.49 45 12 -0.24 -0.09 146.66 130.00 12/18/2026 Yes 8 54 None
SCHW Charles Schwab Corp Options Chain 1.81 1.90 0.64 2.50 0.26 0.27 25 10 -0.30 -0.03 89.30 85.00 12/18/2026 No 15 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.90 10.30 2.55 10.00 0.26 0.35 111 69 -0.26 -0.21 436.87 410.00 12/18/2026 No 23 68
Dividend Stock List
NVT nVent Electric plc Options Chain 4.10 6.30 1.25 5.00 0.25 0.59 0 1 -0.27 -0.10 134.53 125.00 12/18/2026 Yes 8 58 None
HBAN Huntington Bancshares Inc Options Chain 0.10 0.55 0.25 1.00 0.25 0.36 0 17 -0.15 0.00 15.70 14.00 12/18/2026 No 13 66 None
MDT Medtronic Plc Options Chain 1.68 1.83 0.59 2.50 0.24 0.28 110 5 -0.27 -0.04 93.99 90.00 12/18/2026 Yes 14 71 None
V Visa Inc - Class A Options Chain 5.25 5.75 1.17 5.00 0.23 0.22 27 114 -0.27 -0.12 401.86 385.00 12/18/2026 Yes 10 69 None
KMI Kinder Morgan Inc - Class P Options Chain 0.54 0.61 0.23 1.00 0.23 0.26 4 1 -0.27 -0.01 33.85 32.00 12/18/2026 No 9 59 None
DVN Devon Energy Corp Options Chain 1.13 1.20 0.56 2.50 0.22 0.39 49 3 -0.25 -0.02 51.23 47.50 12/18/2026 Yes 10 56 None
WFC Wells Fargo & Company Options Chain 1.50 1.62 0.56 2.50 0.22 0.26 45 123 -0.28 -0.03 82.66 80.00 12/18/2026 No 12 65 None
XOM Exxon Mobil Corp Options Chain 3.00 3.25 1.10 5.00 0.22 0.30 61 253 -0.24 -0.06 179.91 170.00 12/18/2026 Yes 12 71 None
ALLY Ally Financial Inc Options Chain 0.60 0.80 0.22 1.00 0.22 0.31 0 1 -0.26 -0.01 38.72 36.00 12/18/2026 No 11 69 None
AER Aercap Holdings N.V. Options Chain 2.25 3.20 1.08 5.00 0.22 0.24 1 1 -0.28 -0.04 150.05 150.00 12/18/2026 Yes 10 76 None
F Ford Motor Company Options Chain 0.29 0.33 0.21 1.00 0.21 0.37 112 32 -0.29 0.00 11.74 11.00 12/18/2026 Yes 9 51 None
RIO Rio Tinto plc Options Chain 1.50 1.70 0.52 2.50 0.21 0.31 15 4 -0.25 -0.04 85.74 80.00 12/18/2026 No 14 73 None
WM Waste Management Inc Options Chain 2.50 4.10 2.05 10.00 0.20 0.21 45 43 -0.29 -0.07 231.07 220.00 12/18/2026 Yes 9 68 None
NEE NextEra Energy Inc Options Chain 1.08 1.18 0.51 2.50 0.20 0.22 36 24 -0.26 -0.02 82.55 77.50 12/18/2026 No 11 72 None
BAC Bank Of America Corp Options Chain 0.75 0.79 0.20 1.00 0.20 0.26 81 222 -0.25 -0.02 50.68 48.00 12/18/2026 No 12 74 None
EPD Enterprise Products Partners L P Options Chain 0.44 0.60 0.20 1.00 0.20 0.19 0 37 -0.28 -0.01 37.17 36.00 12/18/2026 Yes 9 59 None
KO Coca-Cola Company Options Chain 0.98 1.04 0.49 2.50 0.20 0.20 119 361 -0.24 -0.02 91.18 87.50 12/18/2026 Yes 9 61 None
PCG PG&E Corp Options Chain 0.32 0.37 0.19 1.00 0.19 0.45 80 660 -0.24 -0.01 12.96 12.00 12/18/2026 No 9 54 None
NVO Novo Nordisk Options Chain 0.73 0.76 0.47 2.50 0.19 0.36 23 6 -0.23 -0.02 38.67 35.00 12/18/2026 Yes 14 59 None
CMCSA Comcast Corp - Class A Options Chain 0.38 0.41 0.17 1.00 0.17 0.34 207 5 -0.23 -0.01 21.84 20.00 12/18/2026 No 16 70 None
KEY Keycorp Options Chain 0.30 0.40 0.17 1.00 0.17 0.26 1 22 -0.28 -0.01 21.15 20.00 12/18/2026 No 10 58 None
WMT Walmart Inc Options Chain 1.59 1.72 0.83 5.00 0.17 0.30 364 131 -0.22 -0.05 119.32 110.00 12/18/2026 Yes 9 57 None