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
CSCO Cisco Systems Inc Options Chain 3.55 4.75 0.84 1.00 0.84 0.46 3 23 -0.30 -0.08 121.19 116.00 9/25/2026 Yes 7 58 None
QCOM Qualcomm Inc Options Chain 4.35 5.50 1.71 5.00 0.34 0.46 9 18 -0.27 -0.10 162.81 150.00 9/25/2026 No 10 63 None
VZ Verizon Communications Inc Options Chain 0.52 0.99 0.34 1.00 0.34 0.25 18 2 -0.29 -0.02 47.20 45.00 9/25/2026 No 9 73 None
GLW Corning Inc Options Chain 6.15 8.00 1.68 5.00 0.34 0.66 31 15 -0.27 -0.16 160.40 150.00 9/25/2026 No 8 52 None
NXPI NXP Semiconductors NV Options Chain 6.30 7.80 3.30 10.00 0.33 0.46 17 30 -0.30 -0.17 236.80 220.00 9/18/2026 No 13 69 None
EFX Equifax Inc Options Chain 2.75 5.70 1.65 5.00 0.33 0.40 0 1511 -0.27 -0.11 181.96 170.00 9/18/2026 No 13 53 None
AVGO Broadcom Inc Options Chain 13.40 13.80 3.22 10.00 0.32 0.49 130 169 -0.30 -0.33 416.08 390.00 9/18/2026 Yes 10 62 None
GM General Motors Company Options Chain 1.65 2.68 0.31 1.00 0.31 0.34 1 1 -0.30 -0.05 89.43 83.00 9/25/2026 No 9 59 None
NVO Novo Nordisk Options Chain 0.90 1.20 0.30 1.00 0.30 0.31 15 0 -0.30 -0.01 47.27 44.00 9/25/2026 No 14 58 None
KO Coca-Cola Company Options Chain 0.92 1.30 0.30 1.00 0.30 0.19 6 4 -0.30 -0.02 86.58 84.00 9/25/2026 No 9 61 None
COST Costco Wholesale Corp Options Chain 14.50 16.95 1.48 5.00 0.30 0.24 2 4 -0.29 -0.39 943.00 915.00 9/25/2026 Yes 13 58 None
MCD McDonald`s Corp Options Chain 3.75 4.65 1.47 5.00 0.29 0.22 7 23 -0.30 -0.08 273.96 265.00 9/25/2026 No 12 68 None
NKE Nike Inc - Class B Options Chain 0.82 1.20 0.29 1.00 0.29 0.40 276 431 -0.27 -0.02 41.28 38.00 9/25/2026 No 10 51 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.80 12.05 1.43 5.00 0.29 0.38 46 130 -0.30 -0.24 422.00 405.00 9/25/2026 No 20 61
Dividend Stock List
TROW T. Rowe Price Group Inc Options Chain 1.15 2.55 1.35 5.00 0.27 0.27 89 29 -0.21 -0.03 113.75 105.00 9/18/2026 No 21 68
Dividend Stock List
CRM Salesforce Inc Options Chain 6.40 7.15 1.35 5.00 0.27 0.48 4 3 -0.30 -0.13 197.41 180.00 9/25/2026 Yes 15 70 None
V Visa Inc - Class A Options Chain 4.90 5.80 1.32 5.00 0.26 0.21 8 6 -0.30 -0.14 362.71 350.00 9/25/2026 No 10 64 None
KHC Kraft Heinz Company Options Chain 0.17 0.69 0.13 0.50 0.26 0.27 4 2 -0.24 -0.01 24.69 23.00 9/25/2026 No 7 58 None
COKE Coca-Cola Consolidated Inc Options Chain 3.00 5.50 1.22 5.00 0.24 0.42 3 0 -0.24 -0.11 181.50 175.00 9/18/2026 No 9 51 None
IBM International Business Machines Corp Options Chain 4.45 5.25 1.22 5.00 0.24 0.36 6 3 -0.26 -0.12 238.20 220.00 9/25/2026 No 13 73 None
MSFT Microsoft Corporation Options Chain 7.25 7.65 1.22 5.00 0.24 0.27 632 550 -0.27 -0.21 502.35 470.00 9/18/2026 No 14 72 None
BAC Bank Of America Corp Options Chain 0.69 0.82 0.24 1.00 0.24 0.21 25 1 -0.26 -0.02 64.00 62.00 9/25/2026 No 13 74 None
C Citigroup Inc Options Chain 2.26 2.84 0.24 1.00 0.24 0.27 2 2 -0.29 -0.06 136.57 132.00 9/25/2026 No 17 78 None
PCG PG&E Corp Options Chain 0.38 0.53 0.12 0.50 0.24 0.44 0 10 -0.27 -0.01 17.25 16.00 9/25/2026 No 9 50 None
ZTS Zoetis Inc - Class A Options Chain 1.50 1.65 1.10 5.00 0.22 0.34 337 164 -0.29 -0.04 75.39 70.00 9/18/2026 No 14 65 None
PPL PPL Corp Options Chain 0.20 0.90 0.22 1.00 0.22 0.24 1 2 -0.30 -0.01 35.29 34.00 9/18/2026 No 10 67 None
APH Amphenol Corp - Class A Options Chain 3.10 3.60 1.05 5.00 0.21 0.43 34 35 -0.23 -0.10 167.50 155.00 9/18/2026 No 8 59 None
MS Morgan Stanley Options Chain 2.95 3.75 1.01 5.00 0.20 0.30 2 13 -0.24 -0.11 217.00 205.00 9/25/2026 No 14 75 None
JPM JPMorgan Chase & Company Options Chain 3.75 4.40 1.00 5.00 0.20 0.21 3 10 -0.25 -0.13 362.26 350.00 9/25/2026 No 12 80 None
FAST Fastenal Company Options Chain 0.65 1.00 0.50 2.50 0.20 0.27 2 0 -0.27 -0.02 52.45 50.00 9/18/2026 No 12 53 None
KEY Keycorp Options Chain 0.35 0.45 0.20 1.00 0.20 0.26 5 3 -0.30 -0.01 22.70 22.00 9/18/2026 No 14 68 None
F Ford Motor Company Options Chain 0.19 0.25 0.10 0.50 0.20 0.31 149 17 -0.24 -0.01 13.98 13.00 9/25/2026 No 9 48 None
EIX Edison International Options Chain 1.30 1.70 0.97 5.00 0.19 0.37 178 81 -0.28 -0.04 70.10 65.00 9/18/2026 No 9 66 None
ADM Archer Daniels Midland Company Options Chain 1.00 1.25 0.48 2.50 0.19 0.29 26 12 -0.25 -0.03 80.99 75.00 9/18/2026 No 17 52 None
MO Altria Group Inc Options Chain 0.61 0.99 0.18 1.00 0.18 0.23 7 15 -0.26 -0.02 65.10 61.00 9/25/2026 No 8 57 None
AA Alcoa Corp Options Chain 1.22 2.20 0.17 1.00 0.17 0.48 0 61 -0.30 -0.04 54.08 48.00 9/25/2026 No 15 52 None
CVX Chevron Corp Options Chain 1.93 3.15 0.81 5.00 0.16 0.25 4 2 -0.25 -0.06 196.56 185.00 9/25/2026 No 13 77 None
TFC Truist Financial Corporation Options Chain 0.55 0.80 0.40 2.50 0.16 0.24 121 73 -0.24 -0.01 52.60 50.00 9/18/2026 No 11 66 None
RF Regions Financial Corp Options Chain 0.30 0.45 0.15 1.00 0.15 0.24 22 21 -0.25 -0.01 31.60 30.00 9/18/2026 No 15 60 None
XOM Exxon Mobil Corp Options Chain 1.58 2.82 0.15 1.00 0.15 0.27 15 1 -0.25 -0.05 159.62 150.00 9/25/2026 No 13 73 None