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.

Download as spreadsheet Download

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
EQNR Equinor ASA Options Chain 0.75 1.25 0.42 1.00 0.42 0.40 1 0 -0.28 -0.02 38.92 38.00 9/18/2026 No 13 59 None
PEP PepsiCo Inc Options Chain 1.90 2.80 0.41 1.00 0.41 0.24 0 2 -0.30 -0.04 139.10 132.00 9/25/2026 No 10 56 None
PG Procter & Gamble Company Options Chain 1.76 2.37 0.39 1.00 0.39 0.21 2 73 -0.30 -0.04 145.79 141.00 9/25/2026 No 12 72 None
USB U.S. Bancorp. Options Chain 0.50 1.38 0.38 1.00 0.38 0.25 0 3 -0.26 -0.02 64.12 61.00 9/25/2026 No 13 65 None
XOM Exxon Mobil Corp Options Chain 2.40 3.45 0.38 1.00 0.38 0.31 11 0 -0.27 -0.06 153.10 150.00 9/25/2026 No 13 72 None
VZ Verizon Communications Inc Options Chain 0.60 0.99 0.36 1.00 0.36 0.25 0 6 -0.28 -0.02 46.96 45.00 9/25/2026 No 10 73 None
MO Altria Group Inc Options Chain 0.99 1.38 0.34 1.00 0.34 0.27 14 30 -0.26 -0.02 68.24 62.00 9/25/2026 No 8 57 None
QCOM Qualcomm Inc Options Chain 4.65 6.30 1.67 5.00 0.33 0.49 30 12 -0.29 -0.11 168.18 150.00 9/25/2026 No 12 71 None
NTAP Netapp Inc Options Chain 6.90 7.90 1.60 5.00 0.32 0.63 38 16 -0.27 -0.20 189.17 180.00 9/18/2026 Yes 11 63 None
UNH Unitedhealth Group Inc Options Chain 7.70 9.20 1.57 5.00 0.31 0.29 1 0 -0.30 -0.17 406.81 390.00 9/25/2026 No 11 63 None
CRM Salesforce Inc Options Chain 4.50 7.35 1.55 5.00 0.31 0.49 2 11 -0.26 -0.13 191.90 180.00 9/25/2026 Yes 11 63 None
JPM JPMorgan Chase & Company Options Chain 3.50 6.45 1.53 5.00 0.31 0.23 2 29 -0.26 -0.13 358.21 345.00 9/25/2026 No 12 80 None
COST Costco Wholesale Corp Options Chain 12.95 18.85 1.52 5.00 0.30 0.24 1 131 -0.29 -0.37 947.82 915.00 9/25/2026 Yes 15 60 None
MSFT Microsoft Corporation Options Chain 9.25 9.80 1.50 5.00 0.30 0.29 483 964 -0.30 -0.23 499.45 485.00 9/18/2026 No 14 72 None
BWA BorgWarner Inc Options Chain 1.15 2.45 0.75 2.50 0.30 0.41 0 9 -0.29 -0.04 68.00 65.00 9/18/2026 No 11 61 None
BAC Bank Of America Corp Options Chain 0.69 1.00 0.30 1.00 0.30 0.22 61 86 -0.27 -0.02 63.30 61.00 9/25/2026 No 12 74 None
ALLY Ally Financial Inc Options Chain 0.65 0.95 0.30 1.00 0.30 0.28 1 1 -0.29 -0.02 43.75 42.00 9/18/2026 No 11 69 None
NVO Novo Nordisk Options Chain 0.88 1.30 0.30 1.00 0.30 0.31 3 3 -0.30 -0.02 47.26 45.00 9/25/2026 No 14 58 None
CVX Chevron Corp Options Chain 3.35 4.15 1.47 5.00 0.29 0.27 2 13 -0.28 -0.05 186.65 185.00 9/25/2026 No 11 69 None
GLW Corning Inc Options Chain 6.15 8.10 1.45 5.00 0.29 0.71 13 34 -0.26 -0.16 161.24 140.00 9/25/2026 No 9 54 None
AVGO Broadcom Inc Options Chain 12.75 13.35 2.85 10.00 0.29 0.51 383 685 -0.27 -0.33 426.65 390.00 9/18/2026 Yes 12 64 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.35 1.90 0.68 2.50 0.27 0.44 6 86 -0.26 -0.03 60.20 57.50 9/18/2026 No 7 53 None
KO Coca-Cola Company Options Chain 1.01 1.31 0.27 1.00 0.27 0.20 2 2 -0.29 -0.02 87.16 84.00 9/25/2026 No 9 61 None
FAST Fastenal Company Options Chain 0.85 1.00 0.65 2.50 0.26 0.28 242 4 -0.29 -0.02 51.25 50.00 9/18/2026 No 12 53 None
DVN Devon Energy Corp Options Chain 0.79 1.02 0.26 1.00 0.26 0.34 2 4 -0.26 -0.02 43.05 42.00 9/25/2026 No 10 60 None
NKE Nike Inc - Class B Options Chain 0.76 1.18 0.26 1.00 0.26 0.37 18 12 -0.27 -0.02 41.75 39.00 9/25/2026 No 13 59 None
C Citigroup Inc Options Chain 2.28 3.05 0.26 1.00 0.26 0.30 2 0 -0.28 -0.07 135.16 129.00 9/25/2026 No 17 78 None
PCG PG&E Corp Options Chain 0.45 0.58 0.13 0.50 0.26 0.44 6 0 -0.28 -0.01 17.56 16.00 9/25/2026 No 9 50 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.80 11.35 1.28 5.00 0.26 0.39 23 17 -0.28 -0.24 420.95 390.00 9/25/2026 No 23 65
Dividend Stock List
FHN First Horizon Corporation Options Chain 0.30 0.60 0.25 1.00 0.25 0.29 1 0 -0.28 -0.01 25.76 24.00 9/18/2026 No 15 70 None
DAL Delta Air Lines Inc Options Chain 2.15 2.80 0.25 1.00 0.25 0.38 1 13 -0.29 -0.06 91.33 85.00 9/25/2026 No 13 67 None
ZION Zions Bancorporation N.A Options Chain 1.10 1.60 0.60 2.50 0.24 0.28 0 2 -0.29 -0.02 70.32 67.50 9/18/2026 No 19 72 None
FCX Freeport-McMoRan Inc Options Chain 2.06 2.99 0.24 1.00 0.24 0.50 0 7 -0.30 -0.05 69.78 65.00 9/25/2026 No 11 58 None
MCD McDonald`s Corp Options Chain 3.15 3.60 1.16 5.00 0.23 0.22 21 66 -0.25 -0.07 274.53 260.00 9/25/2026 No 9 62 None
KMI Kinder Morgan Inc - Class P Options Chain 0.32 0.55 0.23 1.00 0.23 0.24 0 1 -0.25 -0.01 30.92 30.00 9/25/2026 No 13 67 None
NEE NextEra Energy Inc Options Chain 0.30 2.09 0.23 1.00 0.23 0.21 0 1 -0.29 -0.02 84.65 81.00 9/25/2026 No 7 65 None
CM Canadian Imperial Bank Of Commerce Options Chain 1.50 2.35 1.10 5.00 0.22 0.25 2 5 -0.30 -0.05 118.70 115.00 9/18/2026 Yes 14 69 None
IVZ Invesco Ltd Options Chain 0.55 0.85 0.22 1.00 0.22 0.35 6 0 -0.29 -0.01 32.17 30.00 9/18/2026 No 8 59 None
F Ford Motor Company Options Chain 0.20 0.28 0.11 0.50 0.22 0.31 30 44 -0.25 0.00 14.00 13.00 9/25/2026 No 9 48 None
T AT&T Inc Options Chain 0.30 0.54 0.11 0.50 0.22 0.27 7 8 -0.29 -0.01 23.80 23.00 9/25/2026 No 15 70 None
AU AngloGold Ashanti Plc. Options Chain 1.70 2.10 1.07 5.00 0.21 0.51 10 74 -0.20 -0.05 96.60 85.00 9/18/2026 No 16 65
Dividend Stock List
CLX Clorox Company Options Chain 1.60 2.00 1.07 5.00 0.21 0.32 59 1112 -0.21 -0.02 105.15 100.00 9/18/2026 No 7 46 None
VST Vistra Corp Options Chain 2.77 4.80 1.04 5.00 0.21 0.48 0 19 -0.24 -0.10 140.59 130.00 9/25/2026 Yes 6 56 None
SPG Simon Property Group Inc Options Chain 3.40 3.90 2.07 10.00 0.21 0.27 137 99 -0.28 -0.07 222.81 210.00 9/18/2026 Yes 9 63 None
OVV Ovintiv Inc Options Chain 1.30 1.75 1.03 5.00 0.21 0.37 4 0 -0.30 -0.04 59.36 60.00 9/18/2026 No 11 65 None
MCO Moody`s Corp Options Chain 5.50 6.50 2.00 10.00 0.20 0.27 7 1 -0.23 -0.18 479.44 450.00 9/18/2026 No 10 64 None
APA APA Corporation Options Chain 0.87 1.29 0.20 1.00 0.20 0.42 2 10 -0.27 -0.02 37.72 38.00 9/25/2026 No 10 53 None
SIRI Sirius XM Holdings Inc Options Chain 0.30 1.28 0.20 1.00 0.20 0.41 1 1 -0.27 -0.02 29.91 27.00 9/25/2026 No 11 61 None
IBM International Business Machines Corp Options Chain 3.65 6.50 0.95 5.00 0.19 0.37 8 2 -0.27 -0.14 237.10 220.00 9/25/2026 No 9 66 None
EQT EQT Corp Options Chain 0.72 0.97 0.19 1.00 0.19 0.28 3 5 -0.26 -0.02 52.09 51.00 9/25/2026 No 15 69 None
ZTS Zoetis Inc - Class A Options Chain 1.35 1.65 0.92 5.00 0.18 0.37 1378 163 -0.25 -0.05 73.14 70.00 9/18/2026 Yes 12 56 None
OKE Oneok Inc Options Chain 1.00 1.60 0.82 5.00 0.16 0.29 26 20 -0.24 -0.04 87.00 85.00 9/18/2026 No 13 74 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.10 0.80 5.00 0.16 0.34 1272 58 -0.27 -0.03 53.49 50.00 9/18/2026 No 8 55 None
GIS General Mills Inc Options Chain 0.50 0.65 0.40 2.50 0.16 0.31 1114 83 -0.24 -0.02 36.90 35.00 9/18/2026 Yes 5 53 None