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
QCOM Qualcomm Inc Options Chain 11.65 13.90 1.18 2.50 0.47 0.83 35 1 -0.29 -0.30 226.11 200.00 7/31/2026 Yes 11 65 None
MMM 3M Company Options Chain 2.80 4.35 0.92 2.50 0.37 0.35 0 1 -0.29 -0.10 162.27 155.00 7/31/2026 Yes 9 64 None
ORCL Oracle Corp Options Chain 5.85 6.95 0.92 2.50 0.37 0.54 4 94 -0.30 -0.14 175.42 162.50 7/31/2026 No 7 61 None
MSFT Microsoft Corporation Options Chain 9.85 10.70 1.73 5.00 0.35 0.40 272 230 -0.30 -0.25 379.13 350.00 7/31/2026 Yes 15 72 None
NEE NextEra Energy Inc Options Chain 1.36 1.90 0.32 1.00 0.32 0.28 21 3 -0.30 -0.04 86.55 83.00 7/31/2026 Yes 10 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 15.20 17.45 1.58 5.00 0.32 0.52 54 75 -0.29 -0.39 467.67 435.00 7/31/2026 Yes 20 62
Dividend Stock List
PAAS Pan American Silver Corp Options Chain 1.55 2.20 0.30 1.00 0.30 0.58 2 0 -0.29 -0.04 48.41 45.00 7/31/2026 No 14 55 None
SONY Sony Group Corporation Options Chain 0.45 0.55 0.15 0.50 0.30 0.40 16 1 -0.28 -0.01 20.33 18.50 7/31/2026 No 13 41 None
VST Vistra Corp Options Chain 4.70 6.60 1.42 5.00 0.28 0.52 2 1 -0.29 -0.13 167.26 155.00 7/31/2026 No 8 56 None
VZ Verizon Communications Inc Options Chain 0.72 0.90 0.27 1.00 0.27 0.28 19 93 -0.28 -0.01 45.49 43.00 7/31/2026 Yes 9 64 None
NVO Novo Nordisk Options Chain 0.84 1.22 0.26 1.00 0.26 0.39 4 9 -0.27 -0.03 43.19 43.00 7/31/2026 No 17 63 None
UNH Unitedhealth Group Inc Options Chain 8.10 9.55 1.20 5.00 0.24 0.36 0 10 -0.28 -0.26 400.00 385.00 7/31/2026 No 11 64 None
MO Altria Group Inc Options Chain 0.81 1.11 0.23 1.00 0.23 0.27 2 16 -0.26 -0.04 69.12 66.00 7/31/2026 Yes 8 58 None
V Visa Inc - Class A Options Chain 4.75 5.75 1.15 5.00 0.23 0.27 5 3 -0.28 -0.15 327.24 315.00 7/31/2026 No 11 70 None
TSCO Tractor Supply Company Options Chain 0.65 1.00 0.20 1.00 0.20 0.53 2 6 -0.25 -0.02 30.23 27.00 7/31/2026 Yes 10 57 None
WMB Williams Cos Inc Options Chain 0.75 1.20 0.20 1.00 0.20 0.27 0 1 -0.27 -0.04 73.12 71.00 7/31/2026 No 8 63 None
WMT Walmart Inc Options Chain 1.51 2.09 0.20 1.00 0.20 0.25 5 2 -0.30 -0.05 117.10 113.00 7/31/2026 No 9 55 None
WFC Wells Fargo & Company Options Chain 1.32 2.02 0.20 1.00 0.20 0.31 2 0 -0.30 -0.05 82.46 80.00 7/31/2026 Yes 13 73 None
PG Procter & Gamble Company Options Chain 1.79 2.47 0.17 1.00 0.17 0.23 21 40 -0.30 -0.05 147.87 142.00 7/31/2026 No 9 65 None
XOM Exxon Mobil Corp Options Chain 1.63 2.09 0.84 5.00 0.17 0.30 57 30 -0.23 -0.07 138.47 130.00 7/31/2026 Yes 9 64 None
T AT&T Inc Options Chain 0.17 0.49 0.16 1.00 0.16 0.32 5 0 -0.21 -0.01 22.10 20.00 7/31/2026 Yes 9 61 None