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
BAC Bank Of America Corp Options Chain 0.85 1.69 0.51 1.00 0.51 0.29 3 5 -0.30 -0.03 56.02 54.00 7/31/2026 No 11 65 None
WFC Wells Fargo & Company Options Chain 1.76 2.47 0.44 1.00 0.44 0.34 1 0 -0.30 -0.05 83.14 80.00 7/31/2026 Yes 10 64 None
F Ford Motor Company Options Chain 0.41 0.67 0.19 0.50 0.38 0.44 29 1 -0.30 -0.01 14.84 14.00 7/31/2026 No 9 46 None
UNH Unitedhealth Group Inc Options Chain 7.80 9.95 1.85 5.00 0.37 0.32 4 2 -0.29 -0.24 408.68 390.00 7/31/2026 Yes 10 58 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.45 17.40 1.85 5.00 0.37 0.49 23 24 -0.30 -0.33 441.40 410.00 7/31/2026 Yes 20 62
Dividend Stock List
AA Alcoa Corp Options Chain 2.59 3.15 0.37 1.00 0.37 0.61 6 15 -0.30 -0.05 68.80 58.00 7/31/2026 No 9 55 None
APA APA Corporation Options Chain 0.91 1.40 0.36 1.00 0.36 0.50 10 1 -0.28 -0.02 36.98 32.00 7/31/2026 No 15 62 None
DELL Dell Technologies Inc - Class C Options Chain 22.15 25.05 1.77 5.00 0.35 0.74 0 1 -0.30 -0.43 395.57 370.00 7/31/2026 No 11 52 None
ACN Accenture plc - Class A Options Chain 4.00 7.90 1.75 5.00 0.35 0.55 0 5 -0.28 -0.12 170.49 150.00 7/31/2026 No 14 59 None
GLW Corning Inc Options Chain 9.90 12.00 0.85 2.50 0.34 0.79 0 10 -0.29 -0.22 179.20 167.50 7/31/2026 No 8 52 None
IBM International Business Machines Corp Options Chain 9.10 10.55 1.63 5.00 0.33 0.49 61 13 -0.30 -0.20 272.24 250.00 7/31/2026 No 14 70 None
AVGO Broadcom Inc Options Chain 11.45 12.90 1.50 5.00 0.30 0.46 8 40 -0.28 -0.26 382.55 365.00 7/31/2026 No 10 62 None
DVN Devon Energy Corp Options Chain 0.78 1.25 0.30 1.00 0.30 0.38 0 1 -0.26 -0.03 45.31 41.00 7/31/2026 No 10 60 None
HD Home Depot Inc Options Chain 5.05 7.35 1.47 5.00 0.29 0.28 159 151 -0.28 -0.16 328.39 315.00 7/31/2026 No 8 69 None
C Citigroup Inc Options Chain 2.96 3.90 0.29 1.00 0.29 0.33 0 1 -0.30 -0.08 139.83 135.00 7/31/2026 No 11 69 None
DOW Dow Inc Options Chain 0.60 1.08 0.27 1.00 0.27 0.46 6 3 -0.25 -0.02 33.85 30.00 7/31/2026 No 6 50 None
VST Vistra Corp Options Chain 4.30 5.00 1.32 5.00 0.26 0.51 14 12 -0.25 -0.12 153.52 140.00 7/31/2026 No 7 56 None
XOM Exxon Mobil Corp Options Chain 2.67 3.75 1.31 5.00 0.26 0.31 15 33 -0.29 -0.08 147.01 135.00 7/31/2026 Yes 9 64 None
HON Honeywell International Inc Options Chain 3.60 6.60 1.27 5.00 0.25 0.35 0 1 -0.27 -0.14 220.31 215.00 7/31/2026 No 7 64 None
VZ Verizon Communications Inc Options Chain 0.18 1.19 0.25 1.00 0.25 0.26 56 13 -0.22 -0.01 47.07 44.00 7/31/2026 Yes 9 64 None
CRM Salesforce Inc Options Chain 3.50 4.10 1.22 5.00 0.24 0.43 40 12 -0.24 -0.10 165.70 150.00 7/31/2026 No 15 71 None
WMT Walmart Inc Options Chain 1.71 2.55 0.24 1.00 0.24 0.26 0 10 -0.30 -0.06 120.82 116.00 7/31/2026 No 10 57 None
MSFT Microsoft Corporation Options Chain 6.30 7.50 1.07 5.00 0.21 0.30 157 175 -0.28 -0.20 390.68 380.00 7/24/2026 No 12 65 None
T AT&T Inc Options Chain 0.39 0.50 0.21 1.00 0.21 0.28 35 48 -0.28 -0.01 23.29 22.00 7/31/2026 Yes 8 61 None