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
C Citigroup Inc Options Chain 2.64 3.20 0.45 1.00 0.45 0.32 73 0 -0.30 -0.06 124.90 126.00 5/29/2026 No 16 77 None
GM General Motors Company Options Chain 1.92 3.10 0.43 1.00 0.43 0.44 1 0 -0.29 -0.05 76.49 77.00 5/29/2026 Yes 11 67 None
AA Alcoa Corp Options Chain 2.31 2.75 0.37 1.00 0.37 0.57 31 2 -0.29 -0.05 73.03 60.00 5/29/2026 Yes 12 50 None
ORCL Oracle Corp Options Chain 6.70 7.50 0.85 2.50 0.34 0.52 107 8 -0.30 -0.14 137.95 165.00 5/29/2026 No 7 60 None
VST Vistra Corp Options Chain 5.25 6.90 1.68 5.00 0.34 0.56 1 2 -0.28 -0.14 153.78 150.00 5/29/2026 Yes 6 56 None
QCOM Qualcomm Inc Options Chain 3.60 4.15 0.33 1.00 0.33 0.38 10 0 -0.30 -0.09 127.56 129.00 5/29/2026 Yes 11 72 None
CTRA Coterra Energy Inc Options Chain 0.30 1.30 0.32 1.00 0.32 0.37 0 1 -0.30 -0.01 33.07 28.00 5/29/2026 Yes 15 70 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.20 9.85 1.53 5.00 0.31 0.41 26 26 -0.28 -0.22 366.40 345.00 5/29/2026 Yes 20 62
Dividend Stock List
HD Home Depot Inc Options Chain 6.70 8.50 1.50 5.00 0.30 0.31 1 12 -0.30 -0.16 339.20 335.00 5/29/2026 Yes 7 69 None
V Visa Inc - Class A Options Chain 5.35 6.75 1.50 5.00 0.30 0.27 10 21 -0.30 -0.13 308.24 305.00 5/29/2026 Yes 10 65 None
CSCO Cisco Systems Inc Options Chain 1.60 2.27 0.29 1.00 0.29 0.34 0 1 -0.30 -0.04 83.10 81.00 5/29/2026 Yes 9 65 None
DELL Dell Technologies Inc - Class C Options Chain 6.20 7.45 1.40 5.00 0.28 0.62 92 3 -0.26 -0.16 181.91 175.00 5/29/2026 No 12 53 None
NVO Novo Nordisk Options Chain 1.11 1.33 0.27 1.00 0.27 0.46 57 16 -0.28 -0.03 37.42 38.00 5/29/2026 Yes 11 54 None
OXY Occidental Petroleum Corp Options Chain 1.10 1.37 0.27 1.00 0.27 0.38 20 64 -0.29 -0.03 58.29 50.00 5/29/2026 Yes 7 51 None
WFC Wells Fargo & Company Options Chain 1.27 1.48 0.25 1.00 0.25 0.28 1 1 -0.27 -0.03 86.02 77.00 5/29/2026 No 12 74 None
KO Coca-Cola Company Options Chain 0.78 0.97 0.24 1.00 0.24 0.21 119 10 -0.26 -0.03 78.01 73.00 5/29/2026 Yes 8 62 None
APA APA Corporation Options Chain 0.83 1.20 0.24 1.00 0.24 0.53 0 2 -0.27 -0.02 38.77 31.00 5/29/2026 Yes 9 51 None
WMT Walmart Inc Options Chain 2.00 2.58 0.24 1.00 0.24 0.32 38 6 -0.29 -0.06 128.98 120.00 5/29/2026 Yes 8 56 None
HAL Halliburton Company Options Chain 0.78 1.12 0.24 1.00 0.24 0.39 2 0 -0.30 -0.02 37.49 35.00 5/29/2026 Yes 10 62 None
EPD Enterprise Products Partners L P Options Chain 0.42 0.61 0.23 1.00 0.23 0.20 11 21 -0.26 -0.01 37.49 35.00 5/29/2026 Yes 10 67 None
DAL Delta Air Lines Inc Options Chain 1.93 2.40 0.23 1.00 0.23 0.43 0 4 -0.29 -0.05 67.83 69.00 5/29/2026 No 17 66 None
JPM JPMorgan Chase & Company Options Chain 4.05 5.15 1.15 5.00 0.23 0.25 8 10 -0.26 -0.13 309.90 300.00 5/29/2026 No 9 78 None
UNH Unitedhealth Group Inc Options Chain 6.50 6.95 1.10 5.00 0.22 0.35 4 14 -0.28 -0.17 306.34 305.00 5/29/2026 Yes 10 65 None
SCHW Charles Schwab Corp Options Chain 1.45 2.15 0.22 1.00 0.22 0.30 52 24 -0.29 -0.04 97.04 88.00 5/29/2026 Yes 10 70 None
F Ford Motor Company Options Chain 0.26 0.32 0.11 0.50 0.22 0.37 54 6 -0.27 -0.01 12.23 12.00 5/29/2026 Yes 8 48 None
JNJ Johnson & Johnson Options Chain 2.00 3.55 1.06 5.00 0.21 0.22 7 9 -0.24 -0.07 241.50 225.00 5/29/2026 No 10 66 None
T AT&T Inc Options Chain 0.38 0.49 0.21 1.00 0.21 0.29 4 0 -0.25 -0.01 26.90 25.00 5/29/2026 Yes 8 57 None
DVN Devon Energy Corp Options Chain 0.75 0.97 0.20 1.00 0.20 0.35 50 8 -0.27 -0.03 47.63 40.00 5/29/2026 Yes 7 54 None
DOW Dow Inc Options Chain 0.74 1.15 0.20 1.00 0.20 0.51 14 1 -0.27 -0.02 38.01 32.00 5/29/2026 Yes 6 47 None
BAC Bank Of America Corp Options Chain 0.74 0.86 0.20 1.00 0.20 0.25 21 26 -0.29 -0.02 52.55 52.00 5/29/2026 No 10 65 None
VZ Verizon Communications Inc Options Chain 0.58 0.69 0.19 1.00 0.19 0.27 19 0 -0.25 -0.02 47.85 44.00 5/29/2026 Yes 9 73 None
XOM Exxon Mobil Corp Options Chain 1.71 2.28 0.92 5.00 0.18 0.31 113 95 -0.23 -0.05 154.33 135.00 5/29/2026 Yes 9 64 None