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
AMKR AMKOR Technology Inc Options Chain 2.05 2.25 0.35 1.00 0.35 0.62 15 0 -0.30 -0.04 47.30 42.00 10/16/2026 No 13 52 None
PAAS Pan American Silver Corp Options Chain 1.85 1.95 0.35 1.00 0.35 0.50 3 4 -0.30 -0.04 51.92 47.00 10/16/2026 No 19 64 None
STM ST Microelectronics Options Chain 1.65 1.70 0.33 1.00 0.33 0.51 13 3 -0.27 -0.03 50.14 45.00 10/16/2026 No 12 53 None
SYF Synchrony Financial Options Chain 1.20 2.00 0.82 2.50 0.33 0.33 7 0 -0.27 -0.04 77.08 72.50 10/16/2026 No 15 75 None
GLW Corning Inc Options Chain 5.15 5.45 1.50 5.00 0.30 0.58 155 69 -0.26 -0.11 148.73 130.00 10/16/2026 No 11 54 None
BHP BHP Group Ltd Options Chain 2.40 2.50 0.75 2.50 0.30 0.34 17 19 -0.25 -0.02 93.92 87.50 10/16/2026 No 8 57 None
ORCL Oracle Corp Options Chain 5.10 5.30 1.45 5.00 0.29 0.63 336 374 -0.26 -0.12 149.12 125.00 10/16/2026 Yes 11 66 None
QCOM Qualcomm Inc Options Chain 4.50 4.85 1.45 5.00 0.29 0.41 84 271 -0.30 -0.09 170.48 155.00 10/16/2026 No 10 63 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.30 9.50 2.85 10.00 0.29 0.34 140 61 -0.26 -0.20 415.32 390.00 10/16/2026 Yes 20 61
Dividend Stock List
CMCSA Comcast Corp - Class A Options Chain 0.56 0.59 0.27 1.00 0.27 0.31 137 852 -0.29 -0.01 26.62 25.00 10/16/2026 No 14 62 None
PCG PG&E Corp Options Chain 0.50 0.58 0.27 1.00 0.27 0.53 748 1133 -0.30 -0.01 13.27 13.00 10/16/2026 No 13 58 None
APH Amphenol Corp - Class A Options Chain 4.20 4.50 1.30 5.00 0.26 0.43 25 26 -0.28 -0.10 158.55 150.00 10/16/2026 No 9 59 None
HPQ HP Inc Options Chain 0.78 0.84 0.26 1.00 0.26 0.44 706 18 -0.27 -0.02 30.02 28.00 10/16/2026 No 12 55 None
HPE Hewlett Packard Enterprise Company Options Chain 2.05 2.13 1.28 5.00 0.26 0.64 62 26 -0.26 -0.04 52.24 45.00 10/16/2026 Yes 10 54 None
JPM JPMorgan Chase & Company Options Chain 6.00 6.30 1.27 5.00 0.25 0.26 68 81 -0.29 -0.13 356.02 340.00 10/16/2026 Yes 9 71 None
KR Kroger Company Options Chain 1.24 1.39 0.62 2.50 0.25 0.34 195 12 -0.28 -0.03 57.54 55.00 10/16/2026 Yes 10 52 None
OXY Occidental Petroleum Corp Options Chain 1.27 1.37 0.62 2.50 0.25 0.33 227 187 -0.29 -0.03 60.18 57.50 10/16/2026 No 10 55 None
EQT EQT Corp Options Chain 1.02 1.16 0.61 2.50 0.24 0.30 139 340 -0.28 -0.03 54.18 52.50 10/16/2026 No 11 60 None
UNH Unitedhealth Group Inc Options Chain 7.25 7.60 2.43 10.00 0.24 0.32 40 50 -0.27 -0.15 389.41 370.00 10/16/2026 No 10 58 None
CRM Salesforce Inc Options Chain 6.05 6.40 2.43 10.00 0.24 0.39 222 317 -0.27 -0.14 257.54 240.00 10/16/2026 No 11 64 None
VZ Verizon Communications Inc Options Chain 0.68 0.73 0.24 1.00 0.24 0.23 164 112 -0.28 -0.01 50.02 48.00 10/16/2026 No 9 74 None
CVX Chevron Corp Options Chain 3.25 3.45 1.18 5.00 0.24 0.26 566 1535 -0.26 -0.09 206.14 200.00 10/16/2026 No 11 69 None
WFC Wells Fargo & Company Options Chain 1.55 1.66 0.58 2.50 0.23 0.29 20 108 -0.29 -0.04 86.39 82.50 10/16/2026 Yes 15 74 None
PR Permian Resources Corp - Class A Options Chain 0.50 0.65 0.23 1.00 0.23 0.38 4 1 -0.28 -0.01 23.29 22.00 10/16/2026 No 12 68 None
ADM Archer Daniels Midland Company Options Chain 1.30 1.60 0.57 2.50 0.23 0.34 5 203 -0.23 -0.04 81.29 77.50 10/16/2026 No 14 45 None
NVO Novo Nordisk Options Chain 0.97 1.02 0.57 2.50 0.23 0.35 91 40 -0.28 -0.03 45.33 42.50 10/16/2026 No 14 58 None
KO Coca-Cola Company Options Chain 1.16 1.20 0.57 2.50 0.23 0.19 170 216 -0.29 -0.02 88.93 85.00 10/16/2026 No 9 61 None
NEE NextEra Energy Inc Options Chain 1.20 1.28 0.57 2.50 0.23 0.22 74 73 -0.30 -0.03 82.34 80.00 10/16/2026 No 11 71 None
VST Vistra Corp Options Chain 2.83 3.10 1.12 5.00 0.22 0.42 26 81 -0.23 -0.08 137.37 125.00 10/16/2026 No 7 54 None
ALLY Ally Financial Inc Options Chain 0.65 0.85 0.22 1.00 0.22 0.29 15 12 -0.26 -0.02 42.21 40.00 10/16/2026 Yes 15 77 None
BCS Barclays plc Options Chain 0.55 0.65 0.22 1.00 0.22 0.31 63 8 -0.30 -0.01 26.64 25.00 10/16/2026 No 18 60 None
XOM Exxon Mobil Corp Options Chain 2.67 2.79 1.09 5.00 0.22 0.29 157 181 -0.27 -0.07 160.95 155.00 10/16/2026 No 11 66 None
C Citigroup Inc Options Chain 2.32 2.37 1.06 5.00 0.21 0.30 160 32 -0.26 -0.06 131.62 125.00 10/16/2026 Yes 17 78 None
GM General Motors Company Options Chain 1.43 1.47 0.53 2.50 0.21 0.32 54 6 -0.25 -0.04 86.32 80.00 10/16/2026 No 9 59 None
MDT Medtronic Plc Options Chain 1.26 1.57 0.53 2.50 0.21 0.25 940 76 -0.26 -0.03 91.78 87.50 10/16/2026 Yes 12 65 None
LUV Southwest Airlines Company Options Chain 0.91 0.95 0.53 2.50 0.21 0.40 299 3 -0.27 -0.02 38.53 35.00 10/16/2026 No 12 61 None
HAL Halliburton Company Options Chain 0.66 0.72 0.21 1.00 0.21 0.36 109 2 -0.24 -0.02 36.85 34.00 10/16/2026 No 12 56 None
AXP American Express Company Options Chain 4.35 4.80 2.06 10.00 0.21 0.25 111 42 -0.27 -0.12 330.17 310.00 10/16/2026 Yes 12 65 None
NKE Nike Inc - Class B Options Chain 0.87 0.90 0.51 2.50 0.20 0.43 517 166 -0.26 -0.02 39.06 35.00 10/16/2026 Yes 14 59 None
MCD McDonald`s Corp Options Chain 2.57 2.76 1.01 5.00 0.20 0.21 383 170 -0.23 -0.09 263.54 250.00 10/16/2026 No 12 66 None
CVE Cenovus Energy Inc Options Chain 0.60 0.65 0.20 1.00 0.20 0.39 240 1 -0.23 -0.01 32.26 30.00 10/16/2026 No 13 68 None
EXC Exelon Corp Options Chain 0.55 0.70 0.20 1.00 0.20 0.20 1 0 -0.30 -0.01 43.72 42.00 10/16/2026 No 11 64 None
SLB SLB Options Chain 0.89 0.93 0.49 2.50 0.20 0.37 19 6 -0.21 -0.02 60.10 52.50 10/16/2026 Yes 7 65 None
APA APA Corporation Options Chain 0.89 0.99 0.48 2.50 0.19 0.43 12 30 -0.23 -0.03 43.15 40.00 10/16/2026 No 10 61 None
F Ford Motor Company Options Chain 0.26 0.29 0.19 1.00 0.19 0.32 302 12 -0.27 -0.01 13.97 13.00 10/16/2026 No 9 48 None
EIX Edison International Options Chain 0.85 1.35 0.47 2.50 0.19 0.42 472 195 -0.23 -0.02 53.98 50.00 10/16/2026 No 15 64 None
JEF Jefferies Financial Group Inc Options Chain 0.85 1.25 0.47 2.50 0.19 0.41 0 1 -0.23 -0.03 52.64 47.50 10/16/2026 Yes 11 56 None
BKR Baker Hughes Co - Class A Options Chain 1.25 1.40 0.93 5.00 0.19 0.34 7 16 -0.26 -0.03 63.55 60.00 10/16/2026 No 14 64 None
EC Ecopetrol SA Options Chain 0.30 0.45 0.18 1.00 0.18 0.41 16 0 -0.24 -0.01 16.67 16.00 10/16/2026 No 14 55 None
EPD Enterprise Products Partners L P Options Chain 0.33 0.45 0.18 1.00 0.18 0.17 23 1 -0.27 -0.01 38.82 38.00 10/16/2026 No 12 68 None
FCX Freeport-McMoRan Inc Options Chain 1.51 1.62 0.89 5.00 0.18 0.47 461 570 -0.20 -0.04 75.74 65.00 10/16/2026 No 9 59 None
DAL Delta Air Lines Inc Options Chain 1.52 1.65 0.88 5.00 0.18 0.40 145 60 -0.24 -0.04 78.00 70.00 10/16/2026 Yes 14 67 None
DVN Devon Energy Corp Options Chain 0.77 0.83 0.43 2.50 0.17 0.34 38 62 -0.22 -0.02 48.51 45.00 10/16/2026 No 10 55 None
USB U.S. Bancorp. Options Chain 0.82 1.00 0.42 2.50 0.17 0.26 19 7 -0.26 -0.02 61.58 57.50 10/16/2026 Yes 16 74 None
MO Altria Group Inc Options Chain 0.76 0.82 0.41 2.50 0.16 0.24 101 52 -0.17 -0.01 68.48 65.00 10/16/2026 No 9 66 None
CSCO Cisco Systems Inc Options Chain 1.18 1.25 0.41 2.50 0.16 0.30 130 71 -0.18 -0.04 110.49 100.00 10/16/2026 No 9 58 None
FAST Fastenal Company Options Chain 0.65 0.80 0.40 2.50 0.16 0.32 6 0 -0.22 -0.02 49.31 45.00 10/16/2026 Yes 13 54 None
PG Procter & Gamble Company Options Chain 1.43 1.54 0.78 5.00 0.16 0.21 489 109 -0.23 -0.05 145.12 140.00 10/16/2026 No 8 65 None
KEY Keycorp Options Chain 0.20 0.30 0.15 1.00 0.15 0.26 1 0 -0.22 -0.01 21.87 20.00 10/16/2026 Yes 14 68 None
RF Regions Financial Corp Options Chain 0.35 0.50 0.15 1.00 0.15 0.25 252 6 -0.27 -0.01 29.88 28.00 10/16/2026 Yes 17 69 None