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
XOM Exxon Mobil Corp Options Chain 1.78 2.90 0.53 1.00 0.53 0.26 5 15 -0.29 -0.04 126.54 121.00 2/27/2026 No 11 74 None
QCOM Qualcomm Inc Options Chain 2.03 5.95 2.18 5.00 0.44 0.38 75 11 -0.26 -0.10 165.29 155.00 2/27/2026 No 10 64 None
MO Altria Group Inc Options Chain 0.36 1.65 0.41 1.00 0.41 0.23 21 50 -0.29 -0.02 60.15 58.00 2/27/2026 No 9 60 None
UNH Unitedhealth Group Inc Options Chain 5.70 9.40 1.90 5.00 0.38 0.35 17 24 -0.28 -0.20 333.93 315.00 2/27/2026 No 13 67 None
C Citigroup Inc Options Chain 2.32 2.73 0.37 1.00 0.37 0.31 29 1 -0.29 -0.05 116.30 110.00 2/27/2026 No 13 70 None
WMT Walmart Inc Options Chain 2.14 2.49 0.37 1.00 0.37 0.28 15 25 -0.30 -0.05 120.36 115.00 2/27/2026 No 9 55 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.10 8.90 1.60 5.00 0.32 0.39 28 35 -0.28 -0.20 331.21 310.00 2/27/2026 No 22 67
Dividend Stock List
HD Home Depot Inc Options Chain 6.00 8.85 1.60 5.00 0.32 0.27 2 6 -0.30 -0.16 374.74 365.00 2/27/2026 Yes 8 68 None
MSFT Microsoft Corporation Options Chain 9.80 10.30 1.47 5.00 0.29 0.30 132 78 -0.30 -0.21 470.67 450.00 2/27/2026 No 14 70 None
INTU Intuit Inc Options Chain 11.10 17.80 2.90 10.00 0.29 0.36 13 10 -0.28 -0.31 635.44 570.00 2/27/2026 Yes 13 64 None
KO Coca-Cola Company Options Chain 0.65 1.09 0.29 1.00 0.29 0.18 4 245 -0.28 -0.02 70.50 69.00 2/27/2026 Yes 9 70 None
JNJ Johnson & Johnson Options Chain 2.20 4.00 1.43 5.00 0.29 0.23 0 13 -0.27 -0.06 209.72 205.00 2/27/2026 Yes 9 68 None
PAAS Pan American Silver Corp Options Chain 2.05 2.60 0.28 1.00 0.28 0.61 0 251 -0.28 -0.05 55.93 51.00 2/27/2026 No 14 55 None
KHC Kraft Heinz Company Options Chain 0.31 0.49 0.14 0.50 0.28 0.25 2 0 -0.26 -0.01 23.39 22.50 2/27/2026 Yes 6 57 None
APH Amphenol Corp - Class A Options Chain 4.30 4.50 1.40 5.00 0.28 0.45 40 60 -0.30 -0.11 146.00 140.00 2/20/2026 Yes 9 58 None
ADM Archer Daniels Midland Company Options Chain 1.20 1.50 0.70 2.50 0.28 0.33 32 7 -0.30 -0.03 62.40 60.00 2/20/2026 Yes 11 48 None
ORCL Oracle Corp Options Chain 5.50 6.25 1.38 5.00 0.28 0.48 20 72 -0.26 -0.14 202.29 185.00 2/27/2026 No 10 65 None
AVGO Broadcom Inc Options Chain 10.35 11.00 1.38 5.00 0.28 0.45 40 33 -0.28 -0.24 351.01 330.00 2/27/2026 No 9 65 None
NVO Novo Nordisk Options Chain 0.80 2.77 0.27 1.00 0.27 0.46 36 10 -0.27 -0.04 59.64 55.00 2/27/2026 No 11 52 None
V Visa Inc - Class A Options Chain 4.70 7.45 1.33 5.00 0.27 0.27 26 484 -0.28 -0.14 327.88 315.00 2/27/2026 No 10 69 None
HPQ HP Inc Options Chain 0.36 0.70 0.13 0.50 0.26 0.41 0 52 -0.27 -0.01 21.18 19.50 2/27/2026 Yes 11 49 None
DOW Dow Inc Options Chain 0.69 1.04 0.13 0.50 0.26 0.48 8 3 -0.29 -0.02 26.55 24.50 2/27/2026 Yes 10 51 None
FHN First Horizon Corporation Options Chain 0.45 0.60 0.13 0.50 0.26 0.31 0 1 -0.30 -0.01 24.22 23.00 2/27/2026 Yes 11 59 None
STM ST Microelectronics Options Chain 0.75 0.85 0.25 1.00 0.25 0.51 3 0 -0.26 -0.02 28.43 26.00 2/20/2026 No 11 46 None
SYF Synchrony Financial Options Chain 1.70 1.90 0.62 2.50 0.25 0.41 54 33 -0.27 -0.05 78.06 72.50 2/20/2026 No 12 62 None
RIO Rio Tinto plc Options Chain 1.55 1.70 0.60 2.50 0.24 0.31 97 109 -0.29 -0.04 83.59 80.00 2/20/2026 No 12 74 None
T AT&T Inc Options Chain 0.37 0.46 0.12 0.50 0.24 0.26 17 25 -0.27 -0.01 23.30 22.50 2/27/2026 No 10 59 None
MPC Marathon Petroleum Corp Options Chain 3.10 3.60 1.17 5.00 0.23 0.35 9 21 -0.27 -0.09 175.85 165.00 2/20/2026 No 12 71 None
CMCSA Comcast Corp - Class A Options Chain 0.48 0.64 0.23 1.00 0.23 0.39 5 0 -0.24 -0.01 28.48 26.00 2/27/2026 No 13 63 None
DAL Delta Air Lines Inc Options Chain 1.52 1.96 0.23 1.00 0.23 0.38 4 39 -0.28 -0.04 69.33 65.00 2/27/2026 No 11 66 None
FCX Freeport-McMoRan Inc Options Chain 1.47 1.95 0.23 1.00 0.23 0.43 8 22 -0.29 -0.04 59.34 55.00 2/27/2026 Yes 11 59 None
WFC Wells Fargo & Company Options Chain 1.63 2.14 0.23 1.00 0.23 0.29 5 1 -0.30 -0.04 93.56 89.00 2/27/2026 No 11 74 None
TFC Truist Financial Corporation Options Chain 0.76 1.09 0.57 2.50 0.23 0.28 58 6 -0.30 -0.02 49.69 47.50 2/20/2026 No 15 75 None
NUE Nucor Corp Options Chain 3.30 3.60 1.10 5.00 0.22 0.35 37 18 -0.28 -0.09 166.30 160.00 2/20/2026 No 10 60 None
JPM JPMorgan Chase & Company Options Chain 4.55 5.20 1.10 5.00 0.22 0.23 79 87 -0.29 -0.13 324.49 300.00 2/27/2026 Yes 11 78 None
HAL Halliburton Company Options Chain 0.60 0.85 0.22 1.00 0.22 0.40 0 5 -0.25 -0.02 31.90 30.00 2/27/2026 Yes 7 56 None
BMY Bristol-Myers Squibb Company Options Chain 0.20 1.07 0.22 1.00 0.22 0.23 0 20 -0.26 -0.02 55.92 53.00 2/27/2026 Yes 10 52 None
CSCO Cisco Systems Inc Options Chain 1.12 1.75 0.22 1.00 0.22 0.28 9 8 -0.29 -0.03 73.99 72.00 2/27/2026 No 10 65 None
ALLY Ally Financial Inc Options Chain 0.85 1.05 0.22 1.00 0.22 0.37 144 18 -0.29 -0.02 44.04 41.00 2/20/2026 Yes 11 71 None
BAC Bank Of America Corp Options Chain 0.75 0.85 0.21 1.00 0.21 0.25 17 12 -0.26 -0.02 55.25 52.00 2/27/2026 Yes 10 65 None
OXY Occidental Petroleum Corp Options Chain 0.87 1.04 0.21 1.00 0.21 0.33 15 23 -0.28 -0.02 43.31 41.00 2/27/2026 No 7 53 None
AZN Astrazeneca plc Options Chain 1.45 2.00 0.51 2.50 0.20 0.28 19 31 -0.30 -0.03 93.38 90.00 2/20/2026 Yes 11 67 None
EQNR Equinor ASA Options Chain 0.30 0.50 0.20 1.00 0.20 0.31 15 1 -0.25 -0.01 24.51 23.00 2/20/2026 Yes 9 45 None
TMUS T-Mobile US Inc Options Chain 2.60 5.30 0.93 5.00 0.19 0.31 11 0 -0.30 -0.09 197.31 180.00 2/27/2026 No 10 67 None
RTX RTX Corp Options Chain 2.42 3.60 0.90 5.00 0.18 0.32 2 0 -0.25 -0.09 194.08 180.00 2/27/2026 No 13 64 None
COF Capital One Financial Corp Options Chain 4.00 5.10 0.87 5.00 0.17 0.35 301 0 -0.26 -0.12 234.15 215.00 2/27/2026 No 9 68 None
IBM International Business Machines Corp Options Chain 5.30 7.20 0.87 5.00 0.17 0.34 2 0 -0.28 -0.15 312.18 285.00 2/27/2026 Yes 9 63 None
INFY Infosys Ltd Options Chain 0.25 0.35 0.17 1.00 0.17 0.38 112 4 -0.22 -0.01 17.80 16.00 2/20/2026 Yes 13 51 None
STT State Street Corp Options Chain 1.45 2.10 0.85 5.00 0.17 0.32 12 0 -0.25 -0.07 132.81 125.00 2/20/2026 No 13 66 None
BK Bank Of New York Mellon Corp Options Chain 0.95 1.80 0.83 5.00 0.17 0.26 101 51 -0.18 -0.02 122.93 115.00 2/20/2026 Yes 15 74 None
MET Metlife Inc Options Chain 1.05 1.25 0.40 2.50 0.16 0.29 14 6 -0.26 -0.03 77.08 72.50 2/20/2026 No 18 71 None
VZ Verizon Communications Inc Options Chain 0.40 0.52 0.16 1.00 0.16 0.24 33 7 -0.22 -0.02 39.01 37.00 2/27/2026 No 15 73 None
CB Chubb Ltd Options Chain 2.85 4.60 0.78 5.00 0.16 0.22 96 5 -0.27 -0.12 306.65 290.00 2/20/2026 No 13 63 None