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
AMKR AMKOR Technology Inc Options Chain 2.15 2.75 0.52 1.00 0.52 0.74 21 8 -0.28 -0.06 52.22 43.00 2/20/2026 Yes 13 52 None
MRK Merck & Co Inc Options Chain 1.59 2.64 0.41 1.00 0.41 0.30 0 3 -0.30 -0.05 108.26 104.00 2/27/2026 Yes 15 74 None
NVO Novo Nordisk Options Chain 1.73 2.25 0.40 1.00 0.40 0.46 10 3 -0.29 -0.04 59.64 55.00 2/27/2026 Yes 14 60 None
FCX Freeport-McMoRan Inc Options Chain 1.42 1.90 0.34 1.00 0.34 0.45 8 0 -0.28 -0.04 59.34 55.00 2/27/2026 Yes 11 59 None
BMY Bristol-Myers Squibb Company Options Chain 0.90 1.33 0.34 1.00 0.34 0.30 0 9 -0.29 -0.03 55.92 54.00 2/27/2026 Yes 10 52 None
TSM Taiwan Semiconductor Manufacturing Options Chain 7.75 8.80 1.60 5.00 0.32 0.39 3 15 -0.27 -0.18 331.21 305.00 2/27/2026 Yes 22 67
Dividend Stock List
UNH Unitedhealth Group Inc Options Chain 8.90 9.35 1.60 5.00 0.32 0.38 3 1 -0.30 -0.21 333.93 320.00 2/27/2026 Yes 13 67 None
AXP American Express Company Options Chain 6.25 8.70 1.55 5.00 0.31 0.34 1 1 -0.28 -0.18 358.00 335.00 2/27/2026 Yes 10 63 None
MSFT Microsoft Corporation Options Chain 10.15 10.50 1.55 5.00 0.31 0.32 24 29 -0.30 -0.22 470.67 440.00 2/27/2026 Yes 14 70 None
AVGO Broadcom Inc Options Chain 10.75 11.35 1.45 5.00 0.29 0.47 48 74 -0.30 -0.24 354.61 315.00 2/27/2026 No 9 65 None
XOM Exxon Mobil Corp Options Chain 1.82 2.27 0.28 1.00 0.28 0.25 13 6 -0.29 -0.04 126.54 124.00 2/27/2026 Yes 10 74 None
MO Altria Group Inc Options Chain 0.65 1.00 0.28 1.00 0.28 0.21 3 0 -0.30 -0.02 60.15 59.00 2/27/2026 Yes 9 60 None
WFC Wells Fargo & Company Options Chain 1.26 1.63 0.27 1.00 0.27 0.27 0 62 -0.28 -0.03 93.56 84.00 2/27/2026 Yes 9 66 None
ORCL Oracle Corp Options Chain 5.25 5.65 1.25 5.00 0.25 0.49 24 121 -0.25 -0.14 202.29 175.00 2/27/2026 No 7 61 None
SLB SLB Options Chain 0.87 1.22 0.24 1.00 0.24 0.35 2 0 -0.28 -0.02 45.90 44.00 2/27/2026 Yes 12 60 None
KO Coca-Cola Company Options Chain 0.67 0.88 0.23 1.00 0.23 0.18 1 1 -0.27 -0.02 71.24 69.00 2/27/2026 Yes 9 70 None
SYF Synchrony Financial Options Chain 1.85 2.05 0.57 2.50 0.23 0.42 72 134 -0.28 -0.05 78.06 72.50 2/20/2026 Yes 11 62 None
V Visa Inc - Class A Options Chain 4.85 5.80 1.13 5.00 0.23 0.27 16 11 -0.28 -0.14 327.88 310.00 2/27/2026 Yes 9 64 None
COF Capital One Financial Corp Options Chain 3.70 5.70 1.10 5.00 0.22 0.37 16 2 -0.26 -0.11 232.00 210.00 2/27/2026 No 9 68 None
OXY Occidental Petroleum Corp Options Chain 0.82 1.12 0.22 1.00 0.22 0.34 2 0 -0.28 -0.02 43.31 42.00 2/27/2026 Yes 7 53 None
F Ford Motor Company Options Chain 0.30 0.33 0.11 0.50 0.22 0.35 5 21 -0.28 -0.01 13.98 13.00 2/27/2026 Yes 16 58 None
JCI Johnson Controls International plc Options Chain 2.15 2.45 1.02 5.00 0.20 0.34 74 4675 -0.29 -0.07 112.09 105.00 2/20/2026 Yes 11 61 None
JPM JPMorgan Chase & Company Options Chain 4.10 4.60 1.00 5.00 0.20 0.23 24 33 -0.28 -0.12 310.90 295.00 2/27/2026 Yes 11 78 None
BAC Bank Of America Corp Options Chain 0.68 0.88 0.20 1.00 0.20 0.24 921 113 -0.30 -0.02 54.51 50.00 2/27/2026 Yes 10 65 None
RF Regions Financial Corp Options Chain 0.40 0.50 0.20 1.00 0.20 0.28 4 7 -0.30 -0.01 27.84 27.00 2/20/2026 Yes 13 70 None
KHC Kraft Heinz Company Options Chain 0.32 0.44 0.10 0.50 0.20 0.27 0 1 -0.27 -0.01 23.51 23.00 2/27/2026 Yes 6 57 None
VZ Verizon Communications Inc Options Chain 0.46 0.65 0.19 1.00 0.19 0.23 16 4 -0.27 -0.01 39.01 38.00 2/27/2026 Yes 15 73 None
QCOM Qualcomm Inc Options Chain 2.90 3.30 0.94 5.00 0.19 0.38 3 3 -0.23 -0.09 165.29 150.00 2/27/2026 Yes 9 64 None
SYY Sysco Corp Options Chain 1.00 1.30 0.45 2.50 0.18 0.23 16 19 -0.30 -0.03 76.06 75.00 2/20/2026 Yes 8 54 None
RIO Rio Tinto plc Options Chain 1.10 1.25 0.43 2.50 0.17 0.31 26 602 -0.24 -0.04 83.59 80.00 2/20/2026 Yes 10 65 None
IVZ Invesco Ltd Options Chain 0.45 0.65 0.17 1.00 0.17 0.40 2 1 -0.25 -0.02 28.30 26.00 2/20/2026 Yes 15 62 None
FITB Fifth Third Bancorp Options Chain 0.65 0.85 0.17 1.00 0.17 0.28 7 5 -0.27 -0.03 47.75 46.00 2/20/2026 Yes 9 71 None
PR Permian Resources Corp - Class A Options Chain 0.30 0.40 0.17 1.00 0.17 0.37 425 1 -0.30 -0.01 14.22 14.00 2/20/2026 No 11 66 None
JNJ Johnson & Johnson Options Chain 2.02 2.90 0.85 5.00 0.17 0.24 1 2 -0.24 -0.07 214.65 205.00 2/27/2026 Yes 9 68 None
FAST Fastenal Company Options Chain 0.65 0.85 0.42 2.50 0.17 0.31 0 1 -0.30 -0.02 42.42 40.00 2/20/2026 Yes 11 51 None
NOK Nokia Corp Options Chain 0.10 0.23 0.08 0.50 0.16 0.44 1 0 -0.28 0.00 6.52 6.00 2/27/2026 Yes 17 47 None
D Dominion Energy Inc Options Chain 0.55 0.80 0.38 2.50 0.15 0.22 7 7 -0.23 -0.02 59.02 57.50 2/20/2026 No 10 73 None