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
SCHW Charles Schwab Corp Options Chain 1.67 2.66 0.66 1.00 0.66 0.30 2 4 -0.29 -0.04 89.44 88.00 6/26/2026 No 15 69 None
CSCO Cisco Systems Inc Options Chain 2.60 3.60 0.46 1.00 0.46 0.36 0 3 -0.29 -0.07 115.53 111.00 6/26/2026 No 9 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.50 15.75 1.93 5.00 0.39 0.44 14 16 -0.29 -0.28 417.72 390.00 6/26/2026 No 20 61
Dividend Stock List
ORCL Oracle Corp Options Chain 8.10 8.70 0.90 2.50 0.36 0.66 8 0 -0.28 -0.19 195.61 175.00 6/26/2026 Yes 7 61 None
UNH Unitedhealth Group Inc Options Chain 9.15 10.60 1.75 5.00 0.35 0.33 0 9 -0.30 -0.16 399.09 380.00 6/26/2026 No 11 64 None
AA Alcoa Corp Options Chain 2.51 3.00 0.35 1.00 0.35 0.50 1 5 -0.30 -0.05 66.02 58.00 6/26/2026 No 13 53 None
GLW Corning Inc Options Chain 9.60 11.20 0.77 2.50 0.31 0.74 99 60 -0.29 -0.22 208.28 177.50 6/26/2026 No 8 52 None
BAC Bank Of America Corp Options Chain 0.78 1.00 0.30 1.00 0.30 0.29 7 1 -0.28 -0.02 49.85 47.00 6/26/2026 No 10 64 None
OXY Occidental Petroleum Corp Options Chain 1.17 1.58 0.27 1.00 0.27 0.36 24 1 -0.28 -0.03 56.84 55.00 6/26/2026 No 8 50 None
DVN Devon Energy Corp Options Chain 0.90 1.27 0.25 1.00 0.25 0.39 7 0 -0.26 -0.02 47.24 45.00 6/26/2026 No 7 51 None
NVO Novo Nordisk Options Chain 1.02 1.16 0.25 1.00 0.25 0.37 5 15 -0.28 -0.03 45.80 42.00 6/26/2026 No 13 54 None
KO Coca-Cola Company Options Chain 0.79 1.15 0.24 1.00 0.24 0.20 2 2 -0.29 -0.02 80.45 78.00 6/26/2026 No 11 70 None
JPM JPMorgan Chase & Company Options Chain 4.10 5.00 1.17 5.00 0.23 0.26 13 7 -0.28 -0.13 299.91 285.00 6/26/2026 No 10 70 None
WFC Wells Fargo & Company Options Chain 1.16 1.84 0.23 1.00 0.23 0.32 0 15 -0.29 -0.04 73.79 70.00 6/26/2026 No 13 73 None
QCOM Qualcomm Inc Options Chain 8.35 10.80 0.55 2.50 0.22 0.69 10 4 -0.30 -0.20 200.08 185.00 6/26/2026 No 14 70 None
KMI Kinder Morgan Inc - Class P Options Chain 0.43 0.63 0.22 1.00 0.22 0.25 13 1 -0.28 -0.01 33.40 32.00 6/26/2026 No 13 67 None
F Ford Motor Company Options Chain 0.26 0.31 0.11 0.50 0.22 0.40 519 100 -0.26 -0.01 14.48 12.50 6/26/2026 No 9 49 None
VZ Verizon Communications Inc Options Chain 0.45 0.62 0.20 1.00 0.20 0.22 102 0 -0.25 -0.02 47.06 45.00 6/26/2026 No 12 73 None
XOM Exxon Mobil Corp Options Chain 1.80 2.66 0.96 5.00 0.19 0.29 41 5 -0.29 -0.06 152.78 145.00 6/26/2026 No 11 70 None
T AT&T Inc Options Chain 0.21 0.35 0.16 1.00 0.16 0.26 158 0 -0.17 -0.01 24.65 23.00 6/26/2026 No 8 58 None
SONY Sony Group Corporation Options Chain 0.40 0.55 0.08 0.50 0.16 0.39 1 0 -0.27 -0.01 22.12 21.00 6/26/2026 No 13 41 None