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
DELL Dell Technologies Inc - Class C Options Chain 30.75 32.35 3.80 10.00 0.38 0.92 9 2 -0.28 -0.49 437.50 370.00 9/18/2026 Yes 14 57 None
GLW Corning Inc Options Chain 10.20 10.60 1.82 5.00 0.36 0.84 74 110 -0.30 -0.15 145.08 125.00 9/18/2026 Yes 10 54 None
APH Amphenol Corp - Class A Options Chain 6.90 7.30 1.65 5.00 0.33 0.60 18 9 -0.29 -0.12 152.75 135.00 9/18/2026 Yes 8 58 None
ORCL Oracle Corp Options Chain 6.60 6.75 1.60 5.00 0.32 0.76 867 214 -0.26 -0.11 114.85 105.00 9/18/2026 Yes 7 63 None
QCOM Qualcomm Inc Options Chain 8.00 8.35 1.60 5.00 0.32 0.64 210 46 -0.28 -0.13 166.97 150.00 9/18/2026 Yes 11 64 None
IBM International Business Machines Corp Options Chain 6.40 6.60 1.55 5.00 0.31 0.42 63 35 -0.28 -0.10 214.19 200.00 9/18/2026 No 13 74 None
KGC Kinross Gold Corp Options Chain 1.02 1.08 0.31 1.00 0.31 0.53 3 2 -0.30 -0.02 24.07 22.00 9/18/2026 Yes 19 52 None
CRM Salesforce Inc Options Chain 6.45 6.70 1.48 5.00 0.30 0.51 235 103 -0.29 -0.12 163.66 160.00 9/18/2026 Yes 14 71 None
TGT Target Corp Options Chain 4.15 4.45 1.45 5.00 0.29 0.39 22 5 -0.29 -0.06 136.78 130.00 9/18/2026 Yes 9 62 None
AA Alcoa Corp Options Chain 1.62 1.75 0.58 2.00 0.29 0.55 0 7 -0.28 -0.03 44.24 40.00 9/18/2026 No 18 45 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.25 14.55 2.87 10.00 0.29 0.50 162 870 -0.27 -0.27 403.41 360.00 9/18/2026 No 23 65
Dividend Stock List
TEL TE Connectivity plc Options Chain 6.40 7.40 1.40 5.00 0.28 0.44 1 1 -0.30 -0.11 202.20 190.00 9/18/2026 No 10 60 None
EQT EQT Corp Options Chain 1.01 1.08 0.68 2.50 0.27 0.28 123 0 -0.29 -0.02 53.24 50.00 9/18/2026 No 15 69 None
CLX Clorox Company Options Chain 2.60 2.80 1.35 5.00 0.27 0.37 56 68 -0.29 -0.04 95.55 90.00 9/18/2026 Yes 14 54 None
COP Conoco Phillips Options Chain 2.88 3.05 1.31 5.00 0.26 0.34 27 20 -0.28 -0.05 120.44 110.00 9/18/2026 Yes 7 69 None
XOM Exxon Mobil Corp Options Chain 3.30 3.55 1.31 5.00 0.26 0.31 1291 338 -0.29 -0.06 156.94 145.00 9/18/2026 Yes 9 64 None
JPM JPMorgan Chase & Company Options Chain 5.90 6.15 1.28 5.00 0.26 0.24 30 113 -0.27 -0.12 353.25 340.00 9/18/2026 No 13 80 None
GM General Motors Company Options Chain 2.08 2.17 0.64 2.50 0.26 0.36 1599 62 -0.29 -0.04 82.64 80.00 9/18/2026 No 10 63 None
C Citigroup Inc Options Chain 3.35 3.55 1.26 5.00 0.25 0.32 72 84 -0.30 -0.05 132.06 125.00 9/18/2026 No 14 69 None
CVE Cenovus Energy Inc Options Chain 0.75 0.85 0.25 1.00 0.25 0.42 0 8 -0.27 -0.01 29.72 26.00 9/18/2026 Yes 13 65 None
PR Permian Resources Corp - Class A Options Chain 0.50 0.75 0.25 1.00 0.25 0.40 15 0 -0.28 -0.01 21.30 19.00 9/18/2026 Yes 7 53 None
ALLY Ally Financial Inc Options Chain 0.85 1.00 0.25 1.00 0.25 0.30 5 40 -0.29 -0.02 42.92 41.00 9/18/2026 No 15 77 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.80 1.90 0.62 2.50 0.25 0.56 9 300 -0.28 -0.03 45.45 42.50 9/18/2026 Yes 14 57 None
NVO Novo Nordisk Options Chain 1.36 1.41 0.61 2.50 0.24 0.44 38 49 -0.26 -0.02 48.99 45.00 9/18/2026 Yes 13 51 None
DVN Devon Energy Corp Options Chain 1.08 1.15 0.60 2.50 0.24 0.41 70 2 -0.26 -0.02 45.04 40.00 9/18/2026 Yes 7 51 None
APA APA Corporation Options Chain 1.16 1.21 0.60 2.50 0.24 0.48 0 41 -0.27 -0.02 36.08 32.50 9/18/2026 Yes 10 55 None
ZTS Zoetis Inc - Class A Options Chain 2.00 2.25 1.18 5.00 0.24 0.44 577 970 -0.24 -0.05 75.35 70.00 9/18/2026 Yes 15 65 None
VZ Verizon Communications Inc Options Chain 0.71 0.75 0.23 1.00 0.23 0.25 698 91 -0.28 -0.02 46.38 45.00 9/18/2026 Yes 12 73 None
AZN Astrazeneca plc Options Chain 3.20 3.60 1.15 5.00 0.23 0.31 0 1 -0.26 -0.06 169.26 160.00 9/18/2026 Yes 13 68 None
BHP BHP Group Ltd Options Chain 1.90 2.10 0.57 2.50 0.23 0.40 1 4 -0.25 -0.03 83.72 75.00 9/18/2026 Yes 9 57 None
KO Coca-Cola Company Options Chain 1.21 1.36 0.57 2.50 0.23 0.23 160 22 -0.30 -0.02 82.25 80.00 9/18/2026 Yes 9 63 None
WMT Walmart Inc Options Chain 2.11 2.18 1.12 5.00 0.22 0.30 122 228 -0.26 -0.04 109.47 105.00 9/18/2026 Yes 10 55 None
FCX Freeport-McMoRan Inc Options Chain 1.95 2.06 1.08 5.00 0.22 0.54 103 2339 -0.24 -0.04 62.60 55.00 9/18/2026 No 10 58 None
OKE Oneok Inc Options Chain 1.90 2.05 1.08 5.00 0.22 0.30 21 1 -0.27 -0.03 93.16 85.00 9/18/2026 Yes 10 66 None
LUV Southwest Airlines Company Options Chain 1.01 1.10 0.50 2.50 0.20 0.46 256 3 -0.20 -0.02 45.08 40.00 9/18/2026 No 12 60 None
F Ford Motor Company Options Chain 0.34 0.36 0.20 1.00 0.20 0.42 230 592 -0.24 -0.01 14.37 13.00 9/18/2026 Yes 9 47 None
PAAS Pan American Silver Corp Options Chain 1.70 2.00 0.20 1.00 0.20 0.56 2 0 -0.29 -0.03 44.23 40.00 9/18/2026 Yes 19 64 None
MMM 3M Company Options Chain 2.40 2.82 0.96 5.00 0.19 0.27 8 13 -0.25 -0.06 172.62 165.00 9/18/2026 No 9 62 None
KMI Kinder Morgan Inc - Class P Options Chain 0.42 0.49 0.19 1.00 0.19 0.24 116 0 -0.25 -0.01 32.86 30.00 9/18/2026 No 10 59 None
JNJ Johnson & Johnson Options Chain 3.55 3.75 1.86 10.00 0.19 0.26 37 47 -0.24 -0.08 263.40 250.00 9/18/2026 No 11 72 None
EPD Enterprise Products Partners L P Options Chain 0.12 0.75 0.18 1.00 0.18 0.20 0 150 -0.19 0.00 38.73 36.00 9/18/2026 Yes 9 58 None
T AT&T Inc Options Chain 0.34 0.37 0.18 1.00 0.18 0.27 508 521 -0.27 -0.01 24.13 23.00 9/18/2026 No 14 68 None
NKE Nike Inc - Class B Options Chain 0.74 0.80 0.43 2.50 0.17 0.40 282 22 -0.21 -0.02 41.70 37.50 9/18/2026 No 15 59 None
BMY Bristol-Myers Squibb Company Options Chain 0.84 0.93 0.42 2.50 0.17 0.31 32 15 -0.20 -0.03 62.09 57.50 9/18/2026 Yes 15 68 None
USB U.S. Bancorp. Options Chain 0.81 0.90 0.41 2.50 0.16 0.25 10 0 -0.22 -0.02 63.97 60.00 9/18/2026 No 12 65 None
UL Unilever plc Options Chain 0.85 0.95 0.40 2.50 0.16 0.26 1 0 -0.24 -0.02 60.98 57.50 9/18/2026 No 9 58 None
PCG PG&E Corp Options Chain 0.37 0.40 0.15 1.00 0.15 0.40 2 0 -0.22 -0.01 17.85 16.00 9/18/2026 No 9 52 None
HBAN Huntington Bancshares Inc Options Chain 0.20 0.40 0.15 1.00 0.15 0.31 0 2 -0.26 -0.01 17.36 16.00 9/18/2026 No 10 66 None