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
NVT nVent Electric plc Options Chain 6.40 9.00 1.90 5.00 0.38 0.68 7 1 -0.28 -0.16 151.75 140.00 9/18/2026 Yes 9 20 None
AVGO Broadcom Inc Options Chain 13.35 16.95 1.90 5.00 0.38 0.55 4 2 -0.30 -0.33 390.70 360.00 9/11/2026 Yes 10 62 None
GLW Corning Inc Options Chain 8.80 9.55 1.80 5.00 0.36 0.79 56 137 -0.30 -0.15 139.34 125.00 9/18/2026 No 10 54 None
ORCL Oracle Corp Options Chain 6.75 7.05 1.65 5.00 0.33 0.74 723 799 -0.27 -0.13 127.56 115.00 9/18/2026 Yes 10 71 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.55 2.20 0.80 2.50 0.32 0.52 3 13 -0.27 -0.03 53.04 50.00 9/18/2026 No 13 53 None
COST Costco Wholesale Corp Options Chain 16.05 17.00 1.58 5.00 0.32 0.23 20 13 -0.30 -0.36 952.72 920.00 9/18/2026 No 15 61 None
NXPI NXP Semiconductors NV Options Chain 9.50 10.50 3.10 10.00 0.31 0.56 177 17 -0.30 -0.16 245.16 210.00 9/18/2026 No 10 66 None
CRM Salesforce Inc Options Chain 6.75 7.15 1.55 5.00 0.31 0.50 65 62 -0.29 -0.13 179.64 170.00 9/18/2026 Yes 15 70 None
HPE Hewlett Packard Enterprise Company Options Chain 2.76 3.05 0.30 1.00 0.30 0.82 22 105 -0.28 -0.05 47.57 42.00 9/18/2026 Yes 8 51 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.60 13.40 2.92 10.00 0.29 0.48 149 176 -0.27 -0.26 412.77 370.00 9/18/2026 No 20 61
Dividend Stock List
DAL Delta Air Lines Inc Options Chain 2.57 2.67 0.72 2.50 0.29 0.39 118 25 -0.30 -0.05 88.55 82.50 9/18/2026 No 14 67 None
WFC Wells Fargo & Company Options Chain 1.53 1.73 0.71 2.50 0.28 0.26 49 240 -0.30 -0.03 85.46 82.50 9/18/2026 No 12 65 None
QCOM Qualcomm Inc Options Chain 5.65 6.25 1.40 5.00 0.28 0.54 309 432 -0.29 -0.10 151.60 135.00 9/18/2026 No 11 64 None
JPM JPMorgan Chase & Company Options Chain 5.35 6.35 1.40 5.00 0.28 0.22 127 177 -0.29 -0.13 350.85 340.00 9/18/2026 No 13 80 None
IBM International Business Machines Corp Options Chain 5.60 6.10 1.37 5.00 0.27 0.43 182 646 -0.26 -0.11 221.34 205.00 9/18/2026 No 12 74 None
APH Amphenol Corp - Class A Options Chain 5.10 5.50 1.35 5.00 0.27 0.53 64 38 -0.25 -0.11 161.41 145.00 9/18/2026 No 8 58 None
PAAS Pan American Silver Corp Options Chain 1.50 1.70 0.27 1.00 0.27 0.55 2 2 -0.28 -0.03 44.03 39.00 9/18/2026 Yes 13 55 None
SIRI Sirius XM Holdings Inc Options Chain 0.61 0.80 0.27 1.00 0.27 0.33 2 0 -0.30 -0.01 30.97 28.00 9/18/2026 No 11 62 None
RIO Rio Tinto plc Options Chain 2.25 2.50 0.65 2.50 0.26 0.33 282 1 -0.27 -0.03 97.18 90.00 9/18/2026 No 8 62 None
MO Altria Group Inc Options Chain 1.26 1.35 0.65 2.50 0.26 0.26 2405 118 -0.30 -0.02 68.07 65.00 9/18/2026 No 8 57 None
VZ Verizon Communications Inc Options Chain 0.83 0.90 0.26 1.00 0.26 0.26 172 194 -0.30 -0.02 46.81 45.00 9/18/2026 No 8 64 None
TROW T. Rowe Price Group Inc Options Chain 1.20 3.40 1.25 5.00 0.25 0.31 44 170 -0.27 -0.04 111.75 105.00 9/18/2026 Yes 20 68
Dividend Stock List
CVE Cenovus Energy Inc Options Chain 0.70 0.85 0.25 1.00 0.25 0.40 5 3 -0.27 -0.02 30.40 28.00 9/18/2026 No 14 66 None
HAL Halliburton Company Options Chain 0.69 0.76 0.25 1.00 0.25 0.36 13 337 -0.27 -0.01 31.70 30.00 9/18/2026 No 10 50 None
BMY Bristol-Myers Squibb Company Options Chain 1.36 1.46 0.62 2.50 0.25 0.29 383 918 -0.30 -0.03 64.99 62.50 9/18/2026 No 14 68 None
MSFT Microsoft Corporation Options Chain 7.30 10.05 1.23 5.00 0.25 0.31 3 16 -0.28 -0.20 451.10 440.00 9/11/2026 No 11 65 None
LYB LyondellBasell Industries NV - Class A Options Chain 2.00 2.35 0.60 2.50 0.24 0.46 8 2 -0.30 -0.03 60.44 57.50 9/18/2026 Yes 7 53 None
CSCO Cisco Systems Inc Options Chain 3.05 3.25 1.19 5.00 0.24 0.47 139 103 -0.25 -0.07 113.02 105.00 9/18/2026 Yes 9 62 None
SYK Stryker Corp Options Chain 6.20 8.50 2.35 10.00 0.24 0.31 25 41 -0.27 -0.14 348.04 310.00 9/18/2026 No 11 63 None
AA Alcoa Corp Options Chain 1.26 1.34 0.46 2.00 0.23 0.54 33 33 -0.23 -0.03 44.98 40.00 9/18/2026 No 18 52 None
UNH Unitedhealth Group Inc Options Chain 7.20 7.85 2.30 10.00 0.23 0.29 149 74 -0.27 -0.16 414.40 390.00 9/18/2026 No 13 63 None
WMT Walmart Inc Options Chain 2.21 2.31 1.15 5.00 0.23 0.31 499 389 -0.28 -0.05 110.92 105.00 9/18/2026 Yes 10 59 None
XOM Exxon Mobil Corp Options Chain 2.54 2.75 1.10 5.00 0.22 0.30 158 335 -0.25 -0.05 155.44 145.00 9/18/2026 Yes 11 70 None
C Citigroup Inc Options Chain 2.77 3.00 1.10 5.00 0.22 0.31 446 157 -0.29 -0.05 132.32 125.00 9/18/2026 No 17 78 None
ALLY Ally Financial Inc Options Chain 0.70 0.90 0.22 1.00 0.22 0.28 0 10 -0.28 -0.02 43.72 41.00 9/18/2026 No 11 63 None
TIGO Millicom International Cellular S.A. Options Chain 1.95 4.90 1.08 5.00 0.22 0.58 0 1 -0.25 -0.08 95.48 85.00 9/18/2026 Yes 8 57 None
ZTS Zoetis Inc - Class A Options Chain 1.70 2.00 1.05 5.00 0.21 0.43 41 58 -0.24 -0.04 77.29 70.00 9/18/2026 Yes 15 65 None
TGT Target Corp Options Chain 2.77 2.95 1.03 5.00 0.21 0.39 3024 25 -0.23 -0.06 144.49 130.00 9/18/2026 Yes 12 70 None
DPZ Dominos Pizza Inc Options Chain 4.90 8.10 2.05 10.00 0.20 0.36 1 0 -0.23 -0.17 351.80 320.00 9/18/2026 No 9 53 None
NEE NextEra Energy Inc Options Chain 1.18 1.48 0.51 2.50 0.20 0.23 39 15 -0.27 -0.02 87.93 82.50 9/18/2026 No 11 73 None
SO Southern Company Options Chain 1.05 1.50 0.50 2.50 0.20 0.22 42 21 -0.27 -0.02 94.34 90.00 9/18/2026 No 9 71 None
T AT&T Inc Options Chain 0.37 0.42 0.20 1.00 0.20 0.28 66 111 -0.26 -0.01 23.21 22.00 9/18/2026 No 10 60 None
CMCSA Comcast Corp - Class A Options Chain 0.38 0.55 0.30 1.50 0.20 0.35 72 27 -0.27 -0.01 23.63 22.50 9/18/2026 No 15 68 None
NVO Novo Nordisk Options Chain 0.95 1.01 0.48 2.50 0.19 0.41 481 1375 -0.23 -0.02 51.61 42.50 9/18/2026 Yes 17 61 None
FCX Freeport-McMoRan Inc Options Chain 1.53 1.68 0.94 5.00 0.19 0.52 276 349 -0.22 -0.04 63.23 55.00 9/18/2026 No 10 58 None
AU AngloGold Ashanti Plc. Options Chain 1.90 2.10 0.92 5.00 0.18 0.48 118 0 -0.23 -0.04 82.35 70.00 9/18/2026 Yes 21 74
Dividend Stock List
CGNX Cognex Corp Options Chain 2.20 2.60 0.90 5.00 0.18 0.72 1 0 -0.22 -0.06 62.62 55.00 9/18/2026 Yes 14 58 None
KO Coca-Cola Company Options Chain 0.86 0.98 0.43 2.50 0.17 0.23 203 215 -0.21 -0.02 88.30 82.50 9/18/2026 No 11 67 None
KEY Keycorp Options Chain 0.25 0.45 0.17 1.00 0.17 0.27 1 0 -0.23 -0.01 22.61 21.00 9/18/2026 No 10 59 None
DVN Devon Energy Corp Options Chain 0.70 0.83 0.42 2.50 0.17 0.41 52 0 -0.21 -0.02 44.28 40.00 9/18/2026 Yes 10 60 None
NKE Nike Inc - Class B Options Chain 0.65 0.72 0.42 2.50 0.17 0.38 75 58 -0.21 -0.02 42.29 37.50 9/18/2026 No 14 59 None
USB U.S. Bancorp. Options Chain 0.72 0.97 0.42 2.50 0.17 0.23 40 4 -0.25 -0.02 63.01 60.00 9/18/2026 No 13 65 None
OKE Oneok Inc Options Chain 1.75 1.90 0.83 5.00 0.17 0.31 22 29 -0.28 -0.03 89.07 85.00 9/18/2026 Yes 13 74 None
CLX Clorox Company Options Chain 1.35 1.55 0.82 5.00 0.16 0.37 59 3 -0.18 -0.03 96.73 85.00 9/18/2026 Yes 14 55 None
EQT EQT Corp Options Chain 0.53 0.79 0.40 2.50 0.16 0.25 504 8 -0.24 -0.02 52.50 50.00 9/18/2026 No 15 69 None
KMI Kinder Morgan Inc - Class P Options Chain 0.32 0.39 0.16 1.00 0.16 0.24 2 1 -0.20 -0.01 31.66 30.00 9/18/2026 No 10 60 None
BCS Barclays plc Options Chain 0.45 0.55 0.15 1.00 0.15 0.36 0 1 -0.22 -0.01 27.57 25.00 9/18/2026 No 15 53 None