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
BAC Bank Of America Corp Options Chain 0.40 2.00 0.72 1.00 0.72 0.31 0 102 -0.29 -0.02 53.12 50.00 6/5/2026 No 10 65 None
C Citigroup Inc Options Chain 2.54 3.45 0.36 1.00 0.36 0.35 0 30 -0.29 -0.06 129.97 121.00 6/5/2026 No 12 69 None
DELL Dell Technologies Inc - Class C Options Chain 8.75 11.85 1.62 5.00 0.32 0.65 22 1 -0.30 -0.21 214.30 195.00 6/5/2026 Yes 15 60 None
AVGO Broadcom Inc Options Chain 12.10 14.50 1.60 5.00 0.32 0.47 37 32 -0.30 -0.32 421.43 395.00 5/29/2026 No 10 64 None
F Ford Motor Company Options Chain 0.00 0.60 0.16 0.50 0.32 0.62 2 0 -0.27 -0.01 12.64 11.50 6/5/2026 Yes 8 48 None
UNP Union Pacific Corp Options Chain 2.30 5.10 1.52 5.00 0.30 0.26 2 0 -0.24 -0.08 249.50 255.00 6/5/2026 Yes 9 66 None
MSFT Microsoft Corporation Options Chain 8.60 10.55 1.50 5.00 0.30 0.37 204 216 -0.28 -0.22 432.92 390.00 6/5/2026 Yes 11 65 None
UNH Unitedhealth Group Inc Options Chain 5.20 7.25 1.30 5.00 0.26 0.30 3 2 -0.27 -0.15 352.70 335.00 6/5/2026 No 10 64 None
IBM International Business Machines Corp Options Chain 2.79 6.75 1.27 5.00 0.25 0.35 29 27 -0.25 -0.10 234.04 215.00 6/5/2026 Yes 14 74 None
AXP American Express Company Options Chain 4.60 7.35 1.25 5.00 0.25 0.31 7 3 -0.28 -0.13 332.90 300.00 6/5/2026 Yes 11 69 None
GE General Electric Company Options Chain 6.35 7.80 1.23 5.00 0.25 0.38 14 14 -0.29 -0.15 276.29 265.00 6/5/2026 No 8 60 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.00 11.50 1.10 5.00 0.22 0.44 38 45 -0.28 -0.25 387.44 355.00 6/5/2026 No 20 62
Dividend Stock List
RTX RTX Corp Options Chain 2.46 4.00 1.09 5.00 0.22 0.29 8 10 -0.27 -0.06 180.91 170.00 6/5/2026 No 10 59 None
JPM JPMorgan Chase & Company Options Chain 2.60 6.25 1.03 5.00 0.21 0.26 2 0 -0.25 -0.12 313.02 295.00 6/5/2026 No 11 79 None
XOM Exxon Mobil Corp Options Chain 0.69 4.65 0.87 5.00 0.17 0.31 7 2 -0.24 -0.05 149.42 140.00 6/5/2026 Yes 10 73 None
COST Costco Wholesale Corp Options Chain 14.70 19.10 0.77 5.00 0.15 0.25 3 5 -0.30 -0.40 1,003.70 975.00 6/5/2026 Yes 15 60 None