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
CMCSA Comcast Corp - Class A Options Chain 0.07 1.50 0.51 1.00 0.51 0.36 22 2 -0.29 -0.01 25.11 24.00 9/25/2026 No 11 57 None
WFC Wells Fargo & Company Options Chain 1.02 1.97 0.45 1.00 0.45 0.26 0 2 -0.27 -0.03 87.59 83.00 9/25/2026 No 15 74 None
GLW Corning Inc Options Chain 8.50 11.35 2.15 5.00 0.43 0.76 0 6 -0.30 -0.18 161.24 150.00 9/25/2026 No 9 54 None
VZ Verizon Communications Inc Options Chain 0.57 0.94 0.43 1.00 0.43 0.25 1 37 -0.27 -0.02 46.99 45.00 9/25/2026 No 10 73 None
NTAP Netapp Inc Options Chain 7.60 9.20 1.95 5.00 0.39 0.62 1 1 -0.30 -0.17 193.62 175.00 9/18/2026 Yes 11 64 None
CRM Salesforce Inc Options Chain 4.85 7.35 1.92 5.00 0.38 0.48 0 1 -0.27 -0.11 189.01 175.00 9/25/2026 Yes 11 63 None
WMT Walmart Inc Options Chain 1.93 2.57 0.35 1.00 0.35 0.30 1 1 -0.29 -0.05 112.07 106.00 9/25/2026 Yes 10 59 None
AVGO Broadcom Inc Options Chain 15.65 16.05 3.35 10.00 0.34 0.51 261 369 -0.30 -0.33 420.56 400.00 9/18/2026 Yes 12 64 None
NKE Nike Inc - Class B Options Chain 0.82 1.26 0.32 1.00 0.32 0.39 6 0 -0.27 -0.03 42.09 39.00 9/25/2026 No 13 59 None
DAL Delta Air Lines Inc Options Chain 2.31 2.70 0.31 1.00 0.31 0.34 6 1 -0.30 -0.05 91.98 87.00 9/25/2026 No 13 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.30 12.35 1.53 5.00 0.31 0.40 8 3 -0.28 -0.23 418.20 390.00 9/25/2026 No 23 65
Dividend Stock List
PR Permian Resources Corp - Class A Options Chain 0.40 0.60 0.30 1.00 0.30 0.36 1 1 -0.27 -0.01 20.28 19.00 9/18/2026 No 7 53 None
V Visa Inc - Class A Options Chain 5.05 6.20 1.48 5.00 0.30 0.22 3 2 -0.29 -0.12 370.47 350.00 9/25/2026 No 10 64 None
VST Vistra Corp Options Chain 4.45 5.30 1.45 5.00 0.29 0.49 3 14 -0.29 -0.10 141.38 130.00 9/25/2026 Yes 6 56 None
UNH Unitedhealth Group Inc Options Chain 6.85 9.40 1.43 5.00 0.29 0.30 3 1 -0.28 -0.16 403.97 385.00 9/25/2026 No 11 63 None
LVS Las Vegas Sands Corp Options Chain 0.76 1.12 0.28 1.00 0.28 0.34 0 22 -0.26 -0.02 46.00 43.00 9/25/2026 No 9 48 None
JPM JPMorgan Chase & Company Options Chain 4.70 6.30 1.30 5.00 0.26 0.22 3 0 -0.30 -0.12 356.30 345.00 9/25/2026 No 12 80 None
F Ford Motor Company Options Chain 0.12 0.36 0.13 0.50 0.26 0.34 4 1 -0.25 0.00 13.81 13.00 9/25/2026 No 9 48 None
RF Regions Financial Corp Options Chain 0.30 0.70 0.25 1.00 0.25 0.25 3 0 -0.25 -0.01 31.39 30.00 9/18/2026 No 17 69 None
EQNR Equinor ASA Options Chain 0.95 1.10 0.25 1.00 0.25 0.36 4 0 -0.30 -0.02 39.30 37.00 9/18/2026 No 13 59 None
AU AngloGold Ashanti Plc. Options Chain 2.15 2.55 1.22 5.00 0.24 0.51 36 916 -0.22 -0.05 87.59 85.00 9/18/2026 Yes 21 74
Dividend Stock List
BHP BHP Group Ltd Options Chain 1.95 2.25 0.60 2.50 0.24 0.41 10 31 -0.24 -0.03 87.90 82.50 9/18/2026 Yes 9 57 None
ADM Archer Daniels Midland Company Options Chain 1.40 1.60 0.60 2.50 0.24 0.32 8 7 -0.26 -0.03 77.51 72.50 9/18/2026 No 14 45 None
KO Coca-Cola Company Options Chain 1.04 1.35 0.23 1.00 0.23 0.19 12 0 -0.30 -0.02 86.96 84.00 9/25/2026 No 9 61 None
XOM Exxon Mobil Corp Options Chain 2.39 3.50 0.23 1.00 0.23 0.28 3 0 -0.30 -0.06 154.84 145.00 9/25/2026 No 13 72 None
APH Amphenol Corp - Class A Options Chain 4.30 4.80 1.15 5.00 0.23 0.46 12 16 -0.26 -0.11 170.61 155.00 9/18/2026 No 8 58 None
CVX Chevron Corp Options Chain 2.49 3.25 1.12 5.00 0.22 0.28 3 3 -0.26 -0.06 189.30 175.00 9/25/2026 No 11 69 None
CVE Cenovus Energy Inc Options Chain 0.50 0.60 0.22 1.00 0.22 0.39 14 0 -0.23 -0.01 28.31 26.00 9/18/2026 No 12 58 None
EXC Exelon Corp Options Chain 0.60 0.70 0.22 1.00 0.22 0.21 22 10 -0.30 -0.01 45.32 44.00 9/18/2026 No 11 64 None
EIX Edison International Options Chain 1.75 1.95 1.05 5.00 0.21 0.38 7413 101 -0.29 -0.04 67.23 65.00 9/18/2026 No 9 66 None
AEM Agnico Eagle Mines Ltd Options Chain 3.60 6.30 1.00 5.00 0.20 0.46 1 0 -0.28 -0.10 167.92 165.00 9/25/2026 No 19 75 None
FOXA Fox Corporation - Class A Options Chain 1.05 1.65 1.00 5.00 0.20 0.31 247 8 -0.29 -0.02 62.00 60.00 9/18/2026 Yes 14 62 None
GIS General Mills Inc Options Chain 0.70 0.80 0.50 2.50 0.20 0.31 4027 37 -0.30 -0.02 36.03 35.00 9/18/2026 Yes 5 53 None
DVN Devon Energy Corp Options Chain 0.56 1.10 0.20 1.00 0.20 0.37 6 0 -0.28 -0.02 43.06 40.00 9/25/2026 No 10 60 None
NVT nVent Electric plc Options Chain 5.80 6.80 0.90 5.00 0.18 0.60 3 2 -0.28 -0.16 162.84 150.00 9/18/2026 No 12 20 None
PPL PPL Corp Options Chain 0.35 0.65 0.17 1.00 0.17 0.21 7 0 -0.30 -0.01 34.62 34.00 9/18/2026 Yes 7 60 None
DUK Duke Energy Corp Options Chain 1.25 1.60 0.85 5.00 0.17 0.19 90 10 -0.27 -0.03 123.60 120.00 9/18/2026 No 8 67 None
QCOM Qualcomm Inc Options Chain 4.20 5.90 0.80 5.00 0.16 0.52 1 26 -0.26 -0.10 160.39 150.00 9/25/2026 No 12 71 None
IBM International Business Machines Corp Options Chain 4.50 8.20 0.80 5.00 0.16 0.38 0 2 -0.29 -0.10 233.75 220.00 9/25/2026 No 9 66 None
BAC Bank Of America Corp Options Chain 0.71 0.97 0.16 1.00 0.16 0.22 6 0 -0.26 -0.02 63.00 60.00 9/25/2026 No 12 74 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 1.00 1.10 0.77 5.00 0.15 0.33 1074 44 -0.27 -0.03 52.27 50.00 9/18/2026 No 8 55 None
BCS Barclays plc Options Chain 0.40 0.50 0.15 1.00 0.15 0.33 17 0 -0.24 -0.01 28.18 26.00 9/18/2026 No 15 53 None