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
BMY Bristol-Myers Squibb Company Options Chain 0.88 1.27 0.39 1.00 0.39 0.27 2 11 -0.30 -0.02 51.20 50.00 1/30/2026 No 13 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 6.25 8.60 1.80 5.00 0.36 0.39 5 2 -0.27 -0.16 302.51 275.00 1/30/2026 Yes 20 69
Dividend Stock List
MSFT Microsoft Corporation Options Chain 8.50 12.05 1.68 5.00 0.34 0.28 4 10 -0.30 -0.22 483.73 460.00 1/30/2026 Yes 14 69 None
NEE NextEra Energy Inc Options Chain 1.20 1.73 0.33 1.00 0.33 0.27 0 1 -0.27 -0.04 81.21 78.00 1/30/2026 Yes 6 63 None
UNH Unitedhealth Group Inc Options Chain 8.25 8.95 1.50 5.00 0.30 0.38 8 2 -0.27 -0.19 336.65 320.00 1/30/2026 Yes 13 67 None
COST Costco Wholesale Corp Options Chain 9.70 12.75 1.48 5.00 0.30 0.22 6 12 -0.29 -0.29 884.48 845.00 1/30/2026 Yes 14 59 None
AA Alcoa Corp Options Chain 1.64 1.95 0.29 1.00 0.29 0.52 0 1 -0.27 -0.04 47.24 43.00 1/30/2026 Yes 17 55 None
NVO Novo Nordisk Options Chain 1.02 1.66 0.28 1.00 0.28 0.39 2 13 -0.27 -0.03 50.29 47.00 1/30/2026 No 11 57 None
OXY Occidental Petroleum Corp Options Chain 0.38 0.86 0.26 1.00 0.26 0.26 10 0 -0.26 -0.02 41.20 39.00 1/30/2026 No 7 64 None
ORCL Oracle Corp Options Chain 4.35 5.65 1.25 5.00 0.25 0.45 95 89 -0.27 -0.11 198.85 175.00 1/30/2026 Yes 6 62 None
EPD Enterprise Products Partners L P Options Chain 0.21 0.50 0.22 1.00 0.22 0.16 5 0 -0.29 -0.01 32.21 31.00 1/30/2026 No 11 67 None
JPM JPMorgan Chase & Company Options Chain 4.95 6.85 0.97 5.00 0.19 0.26 2 4 -0.30 -0.10 317.38 305.00 1/30/2026 Yes 11 79 None
PG Procter & Gamble Company Options Chain 1.63 2.10 0.95 5.00 0.19 0.23 7 22 -0.25 -0.04 140.76 135.00 1/30/2026 Yes 9 57 None
HPQ HP Inc Options Chain 0.30 0.48 0.16 1.00 0.16 0.34 2 0 -0.22 -0.01 25.21 23.00 1/30/2026 No 11 50 None
V Visa Inc - Class A Options Chain 3.95 6.50 0.77 5.00 0.15 0.22 3 2 -0.28 -0.13 345.63 335.00 1/30/2026 Yes 9 64 None