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
HPE Hewlett Packard Enterprise Company Options Chain 2.17 2.83 0.56 1.00 0.56 0.60 2 1 -0.30 -0.04 55.61 52.00 10/30/2026 No 9 54 None
PCG PG&E Corp Options Chain 0.23 0.55 0.22 0.50 0.44 0.53 0 2 -0.24 -0.01 13.23 12.00 10/30/2026 Yes 14 58 None
PAAS Pan American Silver Corp Options Chain 1.45 1.95 0.40 1.00 0.40 0.50 7 2 -0.30 -0.03 48.60 44.00 10/30/2026 No 19 63 None
F Ford Motor Company Options Chain 0.28 0.35 0.20 0.50 0.40 0.39 97 73 -0.28 -0.01 13.35 12.50 10/30/2026 Yes 8 49 None
FCX Freeport-McMoRan Inc Options Chain 2.08 3.05 0.39 1.00 0.39 0.51 0 1 -0.30 -0.05 69.45 64.00 10/30/2026 Yes 11 63 None
WFC Wells Fargo & Company Options Chain 1.65 2.13 0.38 1.00 0.38 0.31 20 0 -0.30 -0.04 87.05 83.00 10/30/2026 Yes 15 74 None
VST Vistra Corp Options Chain 3.60 4.25 1.73 5.00 0.35 0.44 31 31 -0.27 -0.08 140.39 130.00 10/30/2026 No 6 54 None
DVN Devon Energy Corp Options Chain 1.15 1.39 0.34 1.00 0.34 0.37 0 5 -0.30 -0.03 51.31 46.00 10/30/2026 No 13 65 None
CSCO Cisco Systems Inc Options Chain 1.72 2.38 0.32 1.00 0.32 0.30 2 11 -0.28 -0.05 110.20 102.00 10/30/2026 No 10 64 None
IBM International Business Machines Corp Options Chain 6.50 7.25 1.55 5.00 0.31 0.45 7 19 -0.27 -0.16 248.30 220.00 10/30/2026 Yes 9 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.50 9.75 1.50 5.00 0.30 0.34 12 30 -0.29 -0.23 414.14 395.00 10/30/2026 Yes 23 66
Dividend Stock List
DOW Dow Inc Options Chain 0.66 1.09 0.30 1.00 0.30 0.44 2 20 -0.29 -0.02 29.92 28.00 10/30/2026 Yes 8 54 None
CRM Salesforce Inc Options Chain 6.75 7.90 1.45 5.00 0.29 0.43 3 5 -0.29 -0.17 255.85 235.00 10/30/2026 No 14 70 None
ORCL Oracle Corp Options Chain 4.55 4.85 1.37 5.00 0.27 0.53 57 65 -0.27 -0.10 139.81 130.00 10/30/2026 No 12 67 None
MSFT Microsoft Corporation Options Chain 7.40 8.10 1.37 5.00 0.27 0.27 20 15 -0.28 -0.23 498.80 470.00 10/23/2026 No 11 66 None
JPM JPMorgan Chase & Company Options Chain 4.85 6.80 1.35 5.00 0.27 0.28 16 20 -0.27 -0.12 352.75 330.00 10/30/2026 Yes 10 80 None
SCHW Charles Schwab Corp Options Chain 1.59 2.39 0.27 1.00 0.27 0.29 5 1 -0.29 -0.04 107.94 100.00 10/30/2026 Yes 16 72 None
MCD McDonald`s Corp Options Chain 3.40 3.90 1.34 5.00 0.27 0.23 60 73 -0.27 -0.11 253.12 240.00 10/30/2026 No 9 59 None
GLW Corning Inc Options Chain 4.50 7.40 1.32 5.00 0.26 0.64 63 42 -0.27 -0.14 144.16 130.00 10/30/2026 Yes 8 52 None
NVO Novo Nordisk Options Chain 0.80 1.00 0.26 1.00 0.26 0.37 9 11 -0.26 -0.03 41.71 39.00 10/30/2026 No 11 48 None
AVGO Broadcom Inc Options Chain 6.30 7.70 1.20 5.00 0.24 0.36 59 67 -0.27 -0.20 339.27 320.00 10/23/2026 No 14 67 None
VZ Verizon Communications Inc Options Chain 0.72 1.03 0.24 1.00 0.24 0.24 38 28 -0.24 -0.01 49.76 47.00 10/30/2026 No 10 73 None
NKE Nike Inc - Class B Options Chain 0.85 0.99 0.24 1.00 0.24 0.44 25 29 -0.26 -0.02 35.78 33.00 10/30/2026 Yes 14 59 None
T AT&T Inc Options Chain 0.31 0.64 0.12 0.50 0.24 0.27 11 49 -0.28 -0.01 26.75 24.50 10/30/2026 Yes 10 58 None
IP International Paper Company Options Chain 0.70 1.05 0.23 1.00 0.23 0.47 0 1 -0.25 -0.02 34.06 31.00 10/30/2026 Yes 6 60 None
C Citigroup Inc Options Chain 2.37 3.50 0.23 1.00 0.23 0.33 4 3 -0.29 -0.07 136.75 126.00 10/30/2026 Yes 16 78 None
UNH Unitedhealth Group Inc Options Chain 7.05 9.60 1.15 5.00 0.23 0.35 5 33 -0.28 -0.21 375.84 355.00 10/30/2026 Yes 13 65 None
XOM Exxon Mobil Corp Options Chain 2.79 3.75 0.56 2.50 0.22 0.31 30 1 -0.28 -0.08 163.32 155.00 10/30/2026 Yes 11 64 None
CVX Chevron Corp Options Chain 2.83 4.15 1.10 5.00 0.22 0.29 19 8 -0.26 -0.09 211.54 200.00 10/30/2026 Yes 12 77 None
BAC Bank Of America Corp Options Chain 0.81 1.09 0.22 1.00 0.22 0.28 64 1 -0.26 -0.03 59.69 55.00 10/30/2026 Yes 13 73 None
AXP American Express Company Options Chain 3.80 5.80 1.06 5.00 0.21 0.28 6 73 -0.27 -0.12 324.80 295.00 10/30/2026 Yes 12 73 None
KMI Kinder Morgan Inc - Class P Options Chain 0.41 0.59 0.21 1.00 0.21 0.28 2 0 -0.27 -0.01 31.00 29.00 10/30/2026 Yes 10 67 None
OXY Occidental Petroleum Corp Options Chain 0.95 1.40 0.20 1.00 0.20 0.33 1 9 -0.27 -0.03 59.36 56.00 10/30/2026 No 10 55 None
CARR Carrier Global Corp Options Chain 1.25 1.75 0.20 1.00 0.20 0.40 10 2 -0.30 -0.03 55.83 51.00 10/30/2026 Yes 8 60 None
QCOM Qualcomm Inc Options Chain 3.95 6.00 0.88 5.00 0.18 0.46 28 13 -0.26 -0.13 187.60 170.00 10/30/2026 No 12 70 None
CMCSA Comcast Corp - Class A Options Chain 0.42 0.57 0.17 1.00 0.17 0.34 1062 1 -0.26 -0.01 24.52 22.00 10/30/2026 Yes 15 67 None