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
ORCL Oracle Corp Options Chain 7.85 8.05 1.82 5.00 0.36 0.64 87 79 -0.30 -0.12 144.76 135.00 10/16/2026 Yes 10 67 None
AMKR AMKOR Technology Inc Options Chain 2.40 2.60 0.35 1.00 0.35 0.68 2 12 -0.29 -0.05 48.70 43.00 10/16/2026 No 13 52 None
CRM Salesforce Inc Options Chain 7.30 7.75 1.70 5.00 0.34 0.46 32 29 -0.30 -0.13 205.69 190.00 10/16/2026 Yes 14 70 None
HPQ HP Inc Options Chain 1.04 1.13 0.31 1.00 0.31 0.50 6 111 -0.28 -0.02 29.52 27.00 10/16/2026 Yes 12 45 None
QCOM Qualcomm Inc Options Chain 5.05 5.25 1.52 5.00 0.30 0.42 81 36 -0.29 -0.09 160.56 150.00 10/16/2026 No 10 63 None
EQT EQT Corp Options Chain 1.05 1.47 0.71 2.50 0.28 0.31 11 32 -0.27 -0.03 54.00 52.50 10/16/2026 No 15 69 None
INTU Intuit Inc Options Chain 9.70 10.10 2.65 10.00 0.27 0.47 60 341 -0.27 -0.19 357.46 310.00 10/16/2026 Yes 12 56 None
ALLY Ally Financial Inc Options Chain 0.80 1.00 0.25 1.00 0.25 0.28 0 15 -0.30 -0.02 42.60 41.00 10/16/2026 Yes 11 68 None
NKE Nike Inc - Class B Options Chain 1.04 1.10 0.59 2.50 0.24 0.44 549 104 -0.25 -0.02 39.48 35.00 10/16/2026 Yes 14 59 None
COP Conoco Phillips Options Chain 2.58 2.72 1.16 5.00 0.23 0.30 342 14 -0.28 -0.06 131.84 125.00 10/16/2026 No 12 76 None
KO Coca-Cola Company Options Chain 1.25 1.31 0.58 2.50 0.23 0.19 13 144 -0.30 -0.02 91.64 87.50 10/16/2026 No 10 67 None
VZ Verizon Communications Inc Options Chain 0.73 0.81 0.23 1.00 0.23 0.24 39 14 -0.28 -0.01 50.25 48.00 10/16/2026 No 10 74 None
PCG PG&E Corp Options Chain 0.52 0.55 0.23 1.00 0.23 0.41 41 7 -0.29 -0.01 18.36 17.00 10/16/2026 No 9 52 None
OKE Oneok Inc Options Chain 1.80 1.95 1.13 5.00 0.23 0.28 7 13 -0.27 -0.04 91.70 90.00 10/16/2026 No 11 64 None
AA Alcoa Corp Options Chain 1.55 1.80 1.12 5.00 0.22 0.52 28 82 -0.26 -0.03 51.28 45.00 10/16/2026 Yes 16 52 None
SCHW Charles Schwab Corp Options Chain 1.95 2.15 1.12 5.00 0.22 0.26 411 135 -0.29 -0.04 112.27 105.00 10/16/2026 Yes 12 64 None
FCX Freeport-McMoRan Inc Options Chain 2.13 2.25 1.10 5.00 0.22 0.50 229 69 -0.23 -0.05 79.91 70.00 10/16/2026 No 10 59 None
ADM Archer Daniels Midland Company Options Chain 1.40 1.60 0.55 2.50 0.22 0.32 2 3 -0.25 -0.04 79.16 75.00 10/16/2026 No 14 45 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.60 0.22 1.00 0.22 0.38 7 3 -0.25 -0.01 23.04 21.00 10/16/2026 No 10 59 None
MO Altria Group Inc Options Chain 1.01 1.10 0.54 2.50 0.22 0.23 213 12 -0.24 -0.01 68.10 65.00 10/16/2026 No 9 66 None
APA APA Corporation Options Chain 0.93 1.04 0.51 2.50 0.20 0.46 1 14 -0.24 -0.02 41.35 37.50 10/16/2026 No 10 54 None
WMT Walmart Inc Options Chain 1.58 1.65 1.00 5.00 0.20 0.23 297 708 -0.27 -0.04 105.35 100.00 10/16/2026 No 9 60 None
EXC Exelon Corp Options Chain 0.50 0.65 0.20 1.00 0.20 0.21 14 0 -0.25 -0.01 44.31 42.00 10/16/2026 No 11 64 None
DOW Dow Inc Options Chain 0.68 0.83 0.49 2.50 0.20 0.40 14 1 -0.28 -0.01 30.16 27.50 10/16/2026 No 8 54 None
F Ford Motor Company Options Chain 0.29 0.30 0.19 1.00 0.19 0.33 134 5 -0.27 -0.01 13.95 13.00 10/16/2026 No 9 48 None
CVX Chevron Corp Options Chain 2.58 2.70 0.93 5.00 0.19 0.25 188 17 -0.25 -0.08 199.89 190.00 10/16/2026 No 11 69 None
CVS CVS Health Corp Options Chain 1.24 1.40 0.46 2.50 0.18 0.29 17 5 -0.23 -0.04 92.90 87.50 10/16/2026 No 14 71 None
OVV Ovintiv Inc Options Chain 1.40 1.70 0.87 5.00 0.17 0.37 21 1 -0.26 -0.03 64.30 60.00 10/16/2026 No 12 72 None
KEY Keycorp Options Chain 0.30 0.40 0.17 1.00 0.17 0.25 1 16 -0.28 -0.01 21.94 21.00 10/16/2026 Yes 10 59 None
BMY Bristol-Myers Squibb Company Options Chain 0.84 0.94 0.42 2.50 0.17 0.28 18 7 -0.22 -0.02 67.92 62.50 10/16/2026 No 16 72 None
KMI Kinder Morgan Inc - Class P Options Chain 0.33 0.36 0.16 1.00 0.16 0.25 8 80 -0.20 -0.01 31.02 30.00 10/16/2026 No 10 61 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.15 0.25 0.15 1.00 0.15 0.38 15 0 -0.23 0.00 10.38 9.00 10/16/2026 Yes 19 62 None
T AT&T Inc Options Chain 0.29 0.34 0.15 1.00 0.15 0.25 17 8 -0.23 -0.01 25.77 24.00 10/16/2026 No 14 67 None
VTRS Viatris Inc Options Chain 0.30 0.40 0.15 1.00 0.15 0.28 0 18 -0.30 -0.01 16.72 16.00 10/16/2026 No 6 51 None