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
ORCL Oracle Corp Options Chain 7.90 8.20 1.87 5.00 0.37 0.77 519 1650 -0.29 -0.13 129.31 115.00 9/18/2026 Yes 7 63 None
NVT nVent Electric plc Options Chain 6.50 8.40 1.70 5.00 0.34 0.70 32 0 -0.28 -0.13 151.75 130.00 9/18/2026 Yes 10 20 None
MSFT Microsoft Corporation Options Chain 11.50 12.25 1.48 5.00 0.30 0.33 1104 619 -0.29 -0.20 448.47 430.00 9/18/2026 Yes 15 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.55 13.40 2.83 10.00 0.28 0.48 513 413 -0.27 -0.26 374.88 370.00 9/18/2026 No 20 61
Dividend Stock List
NXPI NXP Semiconductors NV Options Chain 8.20 9.10 2.60 10.00 0.26 0.56 75 8 -0.25 -0.17 247.90 220.00 9/18/2026 No 10 66 None
UNH Unitedhealth Group Inc Options Chain 8.95 9.25 2.60 10.00 0.26 0.30 40 43 -0.29 -0.17 419.90 400.00 9/18/2026 No 13 63 None
QCOM Qualcomm Inc Options Chain 5.10 5.35 1.30 5.00 0.26 0.56 482 223 -0.25 -0.10 153.03 135.00 9/18/2026 Yes 11 64 None
NVO Novo Nordisk Options Chain 1.39 1.45 0.64 2.50 0.26 0.41 479 122 -0.29 -0.02 51.50 47.50 9/18/2026 Yes 13 52 None
RIO Rio Tinto plc Options Chain 2.10 2.35 0.63 2.50 0.25 0.33 24 2 -0.24 -0.02 96.34 90.00 9/18/2026 No 10 71 None
V Visa Inc - Class A Options Chain 5.40 5.85 1.23 5.00 0.25 0.24 39 163 -0.28 -0.13 366.27 350.00 9/18/2026 No 10 64 None
VZ Verizon Communications Inc Options Chain 0.73 0.78 0.23 1.00 0.23 0.25 270 524 -0.26 -0.02 47.17 44.00 9/18/2026 No 8 64 None
SYK Stryker Corp Options Chain 5.80 7.50 2.30 10.00 0.23 0.35 2 3 -0.24 -0.17 348.04 320.00 9/18/2026 Yes 14 67 None
WMT Walmart Inc Options Chain 2.21 2.30 1.14 5.00 0.23 0.30 2018 407 -0.28 -0.05 111.10 105.00 9/18/2026 Yes 10 59 None
MS Morgan Stanley Options Chain 4.05 4.40 1.09 5.00 0.22 0.34 51 168 -0.25 -0.09 210.23 195.00 9/18/2026 No 14 75 None
XOM Exxon Mobil Corp Options Chain 2.49 2.76 1.00 5.00 0.20 0.31 339 302 -0.22 -0.05 156.79 145.00 9/18/2026 Yes 11 70 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.60 0.20 1.00 0.20 0.43 100 0 -0.25 -0.01 21.01 19.00 9/18/2026 Yes 9 60 None
T AT&T Inc Options Chain 0.40 0.43 0.20 1.00 0.20 0.28 563 103 -0.27 -0.01 23.21 22.00 9/18/2026 No 10 60 None
ZTS Zoetis Inc - Class A Options Chain 1.65 2.40 0.98 5.00 0.20 0.44 28 67 -0.27 -0.05 76.03 70.00 9/18/2026 Yes 15 65 None
USB U.S. Bancorp. Options Chain 0.85 0.99 0.47 2.50 0.19 0.24 7 117 -0.26 -0.02 63.83 60.00 9/18/2026 No 13 65 None
TRV Travelers Companies Inc Options Chain 3.20 4.20 1.82 10.00 0.18 0.24 23 19 -0.21 -0.11 388.48 350.00 9/18/2026 No 17 74 None
PCG PG&E Corp Options Chain 0.37 0.45 0.17 1.00 0.17 0.43 23 2 -0.21 -0.01 17.79 16.00 9/18/2026 No 13 61 None
MO Altria Group Inc Options Chain 0.76 0.88 0.38 2.50 0.15 0.29 15370 123 -0.22 -0.02 68.07 62.50 9/18/2026 Yes 8 57 None