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
HPE Hewlett Packard Enterprise Company Options Chain 3.05 3.50 0.48 1.00 0.48 0.84 10 0 -0.28 -0.05 47.69 42.00 9/18/2026 Yes 10 53 None
DELL Dell Technologies Inc - Class C Options Chain 35.45 37.05 4.22 10.00 0.42 0.90 67 25 -0.30 -0.50 437.50 390.00 9/18/2026 Yes 14 57 None
QCOM Qualcomm Inc Options Chain 8.40 8.80 1.75 5.00 0.35 0.64 569 228 -0.29 -0.12 171.11 150.00 9/18/2026 Yes 11 64 None
GLW Corning Inc Options Chain 10.80 11.20 1.75 5.00 0.35 0.85 98 19 -0.30 -0.15 146.65 130.00 9/18/2026 Yes 10 54 None
CVE Cenovus Energy Inc Options Chain 0.80 1.15 0.35 1.00 0.35 0.44 3 14 -0.28 -0.02 29.81 27.00 9/18/2026 Yes 13 65 None
RIO Rio Tinto plc Options Chain 2.65 2.80 0.83 2.50 0.33 0.36 7 12 -0.30 -0.03 91.51 85.00 9/18/2026 No 8 62 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.95 15.80 3.25 10.00 0.33 0.50 348 1508 -0.28 -0.26 415.58 370.00 9/18/2026 No 23 65
Dividend Stock List
ORCL Oracle Corp Options Chain 6.25 6.45 1.62 5.00 0.32 0.76 617 248 -0.26 -0.11 122.50 100.00 9/18/2026 Yes 7 63 None
AVGO Broadcom Inc Options Chain 16.75 18.10 3.20 10.00 0.32 0.55 116 153 -0.30 -0.28 381.92 350.00 9/18/2026 Yes 10 62 None
MSFT Microsoft Corporation Options Chain 10.70 11.15 1.58 5.00 0.32 0.39 280 811 -0.28 -0.19 381.58 355.00 9/18/2026 Yes 15 72 None
COST Costco Wholesale Corp Options Chain 15.70 16.65 1.53 5.00 0.31 0.21 15 26 -0.30 -0.32 925.94 905.00 9/18/2026 No 16 60 None
LYB LyondellBasell Industries NV - Class A Options Chain 2.10 2.35 0.75 2.50 0.30 0.48 12 3 -0.29 -0.03 61.51 55.00 9/18/2026 Yes 7 53 None
BHP BHP Group Ltd Options Chain 2.60 2.80 0.75 2.50 0.30 0.41 0 2 -0.29 -0.03 83.72 77.50 9/18/2026 Yes 9 57 None
PAAS Pan American Silver Corp Options Chain 1.65 2.20 0.30 1.00 0.30 0.56 1 0 -0.29 -0.03 44.19 40.00 9/18/2026 Yes 19 64 None
TMUS T-Mobile US Inc Options Chain 4.50 4.90 1.40 5.00 0.28 0.33 29 43 -0.30 -0.08 170.42 170.00 9/18/2026 No 7 67 None
IBM International Business Machines Corp Options Chain 6.00 6.25 1.38 5.00 0.28 0.43 172 115 -0.27 -0.10 214.19 195.00 9/18/2026 No 13 74 None
ZTS Zoetis Inc - Class A Options Chain 2.50 2.80 1.35 5.00 0.27 0.45 17 16 -0.29 -0.05 74.57 70.00 9/18/2026 Yes 15 65 None
CMCSA Comcast Corp - Class A Options Chain 0.51 0.54 0.27 1.00 0.27 0.32 686 162 -0.28 -0.01 22.30 21.00 9/18/2026 No 16 68 None
GM General Motors Company Options Chain 2.11 2.23 0.67 2.50 0.27 0.35 18 72 -0.29 -0.04 80.67 77.50 9/18/2026 No 10 63 None
NVO Novo Nordisk Options Chain 1.60 1.74 0.66 2.50 0.26 0.44 30 8 -0.29 -0.02 48.18 45.00 9/18/2026 Yes 13 51 None
EQT EQT Corp Options Chain 0.97 1.05 0.65 2.50 0.26 0.28 1116 142 -0.28 -0.02 53.50 50.00 9/18/2026 No 15 69 None
DOW Dow Inc Options Chain 1.03 1.11 0.65 2.50 0.26 0.44 45 144 -0.30 -0.01 31.25 27.50 9/18/2026 No 6 51 None
DGX Quest Diagnostics Inc Options Chain 2.70 5.10 2.52 10.00 0.25 0.22 1 0 -0.30 -0.09 227.86 220.00 9/18/2026 No 11 60 None
ALLY Ally Financial Inc Options Chain 0.80 0.95 0.25 1.00 0.25 0.30 3 4 -0.27 -0.01 42.92 40.00 9/18/2026 No 15 77 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.55 1.85 0.62 2.50 0.25 0.57 3 12 -0.25 -0.03 43.01 40.00 9/18/2026 Yes 14 57 None
AXP American Express Company Options Chain 6.20 6.55 2.40 10.00 0.24 0.27 97 443 -0.28 -0.13 342.91 310.00 9/18/2026 Yes 11 63 None
APA APA Corporation Options Chain 1.01 1.15 0.59 2.50 0.24 0.48 4 3 -0.25 -0.02 36.15 32.50 9/18/2026 Yes 10 55 None
C Citigroup Inc Options Chain 3.25 3.40 1.17 5.00 0.23 0.32 67 331 -0.30 -0.05 131.78 125.00 9/18/2026 No 14 69 None
APH Amphenol Corp - Class A Options Chain 5.70 6.70 1.15 5.00 0.23 0.60 31 6 -0.26 -0.11 158.00 135.00 9/18/2026 Yes 8 58 None
BMY Bristol-Myers Squibb Company Options Chain 1.04 1.30 0.57 2.50 0.23 0.33 74 713 -0.23 -0.03 61.85 57.50 9/18/2026 Yes 15 61 None
CRM Salesforce Inc Options Chain 5.75 6.40 1.13 5.00 0.23 0.49 69 247 -0.28 -0.11 156.95 150.00 9/18/2026 Yes 14 71 None
RY Royal Bank Of Canada Options Chain 2.85 3.90 1.13 5.00 0.23 0.22 6 1 -0.29 -0.05 208.46 200.00 9/18/2026 Yes 11 69 None
TRV Travelers Companies Inc Options Chain 5.30 6.80 2.25 10.00 0.23 0.23 157 5 -0.27 -0.13 376.37 370.00 9/18/2026 No 12 65 None
JNJ Johnson & Johnson Options Chain 4.60 4.90 2.24 10.00 0.22 0.25 61 147 -0.29 -0.08 259.27 250.00 9/18/2026 No 11 72 None
WMT Walmart Inc Options Chain 1.36 1.41 0.56 2.50 0.22 0.29 269 223 -0.19 -0.04 108.08 100.00 9/18/2026 Yes 10 55 None
VZ Verizon Communications Inc Options Chain 0.73 0.81 0.22 1.00 0.22 0.25 230 208 -0.26 -0.02 43.82 44.00 9/18/2026 Yes 12 73 None
T AT&T Inc Options Chain 0.47 0.50 0.22 1.00 0.22 0.27 10775 225 -0.29 -0.01 22.96 23.00 9/18/2026 No 14 69 None
UNH Unitedhealth Group Inc Options Chain 7.55 7.75 2.17 10.00 0.22 0.31 90 97 -0.24 -0.16 423.63 390.00 9/18/2026 No 12 63 None
JPM JPMorgan Chase & Company Options Chain 5.20 5.55 1.05 5.00 0.21 0.24 1136 252 -0.26 -0.12 349.90 335.00 9/18/2026 No 13 80 None
COP Conoco Phillips Options Chain 2.03 2.61 1.04 5.00 0.21 0.34 111 81 -0.23 -0.04 120.52 110.00 9/18/2026 Yes 7 69 None
XOM Exxon Mobil Corp Options Chain 2.78 3.05 1.04 5.00 0.21 0.31 328 734 -0.25 -0.05 156.89 145.00 9/18/2026 Yes 9 64 None
RTX RTX Corp Options Chain 3.35 3.95 1.03 5.00 0.21 0.27 38 72 -0.27 -0.08 194.50 200.00 9/18/2026 No 12 64 None
F Ford Motor Company Options Chain 0.34 0.38 0.20 1.00 0.20 0.40 1177 74 -0.25 -0.01 14.37 13.00 9/18/2026 Yes 9 47 None
INFY Infosys Ltd Options Chain 0.30 0.50 0.20 1.00 0.20 0.47 6 0 -0.28 0.00 10.67 10.00 9/18/2026 No 16 54 None
AZN Astrazeneca plc Options Chain 2.50 3.20 0.97 5.00 0.19 0.31 1 19 -0.23 -0.06 168.15 155.00 9/18/2026 Yes 13 68 None
AU AngloGold Ashanti Plc. Options Chain 2.30 2.70 0.97 5.00 0.19 0.53 8 0 -0.24 -0.04 79.67 70.00 9/18/2026 Yes 21 73
Dividend Stock List
NKE Nike Inc - Class B Options Chain 0.80 0.91 0.48 2.50 0.19 0.38 129 422 -0.23 -0.02 40.99 37.50 9/18/2026 No 15 59 None
PCG PG&E Corp Options Chain 0.33 0.55 0.19 1.00 0.19 0.44 67 62 -0.23 -0.01 17.60 16.00 9/18/2026 No 9 50 None
KMI Kinder Morgan Inc - Class P Options Chain 0.44 0.50 0.19 1.00 0.19 0.23 94 39 -0.26 -0.01 32.77 31.00 9/18/2026 No 10 59 None
NEE NextEra Energy Inc Options Chain 1.28 1.57 0.47 2.50 0.19 0.25 61 1089 -0.27 -0.02 89.78 85.00 9/18/2026 Yes 11 72 None
FCX Freeport-McMoRan Inc Options Chain 1.66 1.98 0.92 5.00 0.18 0.52 69 434 -0.23 -0.04 63.55 55.00 9/18/2026 No 10 58 None
KO Coca-Cola Company Options Chain 0.97 1.09 0.46 2.50 0.18 0.23 110 198 -0.23 -0.02 81.17 77.50 9/18/2026 Yes 9 63 None
CLX Clorox Company Options Chain 1.40 2.05 0.85 5.00 0.17 0.37 16 2 -0.20 -0.03 95.55 85.00 9/18/2026 Yes 14 54 None
SLB SLB Options Chain 0.83 0.96 0.41 2.50 0.16 0.34 1328 286 -0.22 -0.02 47.32 47.50 9/18/2026 Yes 7 49 None
OKE Oneok Inc Options Chain 1.35 1.55 0.80 5.00 0.16 0.31 286 118 -0.22 -0.03 93.25 85.00 9/18/2026 Yes 10 66 None
FITB Fifth Third Bancorp Options Chain 1.05 1.40 0.80 5.00 0.16 0.27 3 0 -0.30 -0.02 57.41 55.00 9/18/2026 No 6 65 None
DVN Devon Energy Corp Options Chain 0.80 0.93 0.40 2.50 0.16 0.41 88 0 -0.21 -0.02 45.47 40.00 9/18/2026 Yes 7 51 None
FOXA Fox Corporation - Class A Options Chain 0.95 1.40 0.75 5.00 0.15 0.39 1 0 -0.23 -0.02 55.31 50.00 9/18/2026 Yes 14 65 None
BKR Baker Hughes Co - Class A Options Chain 0.80 1.15 0.45 3.00 0.15 0.42 70 0 -0.18 -0.02 57.25 50.00 9/18/2026 Yes 16 66 None
PR Permian Resources Corp - Class A Options Chain 0.35 0.50 0.15 1.00 0.15 0.40 1 0 -0.22 -0.01 21.47 19.00 9/18/2026 Yes 7 53 None
HBAN Huntington Bancshares Inc Options Chain 0.10 0.50 0.15 1.00 0.15 0.30 0 45 -0.24 -0.01 17.36 16.00 9/18/2026 No 10 66 None
KEY Keycorp Options Chain 0.25 0.45 0.15 1.00 0.15 0.28 98 20 -0.24 -0.01 22.65 21.00 9/18/2026 No 15 68 None