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
TSM Taiwan Semiconductor Manufacturing Options Chain 17.10 19.40 2.27 5.00 0.45 0.51 2 671 -0.30 -0.32 439.39 405.00 8/28/2026 Yes 20 61
Dividend Stock List
SHEL Shell Plc ADR (Representing - ) Options Chain 1.25 1.75 0.45 1.00 0.45 0.26 0 1 -0.29 -0.03 81.51 78.00 8/28/2026 Yes 18 73 None
IVZ Invesco Ltd Options Chain 0.65 1.15 0.42 1.00 0.42 0.46 4 0 -0.28 -0.02 28.25 27.00 8/21/2026 Yes 7 56 None
FCX Freeport-McMoRan Inc Options Chain 1.82 2.87 0.38 1.00 0.38 0.55 0 2 -0.28 -0.05 60.49 56.00 8/28/2026 Yes 10 58 None
NKE Nike Inc - Class B Options Chain 0.80 1.28 0.34 1.00 0.34 0.35 7 0 -0.28 -0.03 42.70 42.00 8/28/2026 No 11 58 None
JNJ Johnson & Johnson Options Chain 2.74 6.80 1.64 5.00 0.33 0.26 0 1 -0.29 -0.09 259.00 245.00 8/28/2026 Yes 8 66 None
QCOM Qualcomm Inc Options Chain 7.75 11.70 1.63 5.00 0.33 0.69 1 0 -0.28 -0.17 190.78 170.00 8/28/2026 Yes 14 72 None
APH Amphenol Corp - Class A Options Chain 5.70 6.20 1.50 5.00 0.30 0.58 7 33 -0.28 -0.14 162.71 145.00 8/21/2026 Yes 8 58 None
EXC Exelon Corp Options Chain 0.35 1.20 0.30 1.00 0.30 0.24 5 2 -0.30 -0.01 46.16 45.00 8/21/2026 Yes 8 57 None
AVGO Broadcom Inc Options Chain 13.00 13.50 2.97 10.00 0.30 0.50 160 524 -0.28 -0.29 401.11 370.00 8/21/2026 No 13 64 None
RMD Resmed Inc Options Chain 4.50 5.50 1.47 5.00 0.29 0.41 1 0 -0.27 -0.12 208.45 190.00 8/21/2026 Yes 15 59
Dividend Stock List
MSFT Microsoft Corporation Options Chain 10.00 10.50 1.47 5.00 0.29 0.41 512 250 -0.28 -0.23 384.12 360.00 8/21/2026 Yes 12 65 None
KO Coca-Cola Company Options Chain 0.87 1.43 0.29 1.00 0.29 0.22 0 1 -0.26 -0.03 82.65 80.00 8/28/2026 Yes 9 63 None
HPQ HP Inc Options Chain 0.60 1.18 0.14 0.50 0.28 0.48 6 0 -0.29 -0.02 24.09 22.50 8/28/2026 Yes 12 45 None
BHP BHP Group Ltd Options Chain 2.05 2.30 0.68 2.50 0.27 0.38 0 3 -0.30 -0.05 79.91 77.50 8/21/2026 Yes 9 57 None
ALLY Ally Financial Inc Options Chain 0.95 1.30 0.25 1.00 0.25 0.36 0 7 -0.29 -0.02 44.43 43.00 8/21/2026 Yes 14 73 None
AU AngloGold Ashanti Plc. Options Chain 1.00 3.40 1.20 5.00 0.24 0.51 16 1 -0.26 -0.08 82.00 75.00 8/21/2026 Yes 16 64
Dividend Stock List
JPM JPMorgan Chase & Company Options Chain 3.15 6.60 1.19 5.00 0.24 0.25 1 1 -0.26 -0.13 335.55 320.00 8/28/2026 Yes 9 69 None
CVE Cenovus Energy Inc Options Chain 0.50 0.65 0.23 1.00 0.23 0.44 36 2 -0.23 -0.02 26.09 24.00 8/21/2026 Yes 11 57 None
CLX Clorox Company Options Chain 2.05 2.55 1.12 5.00 0.22 0.38 64 98 -0.28 -0.04 93.40 90.00 8/21/2026 Yes 14 55 None
VZ Verizon Communications Inc Options Chain 0.48 0.94 0.20 1.00 0.20 0.25 24 1 -0.29 -0.01 42.30 40.00 8/28/2026 Yes 10 64 None
CRM Salesforce Inc Options Chain 3.95 6.00 0.96 5.00 0.19 0.43 4 0 -0.27 -0.10 161.80 150.00 8/28/2026 No 15 71 None
BNY Bank Of New York Mellon Corp Options Chain 2.10 4.00 0.90 5.00 0.18 0.30 55 0 -0.30 -0.07 152.26 145.00 8/21/2026 Yes 14 71 None
EPD Enterprise Products Partners L P Options Chain 0.01 0.91 0.17 1.00 0.17 0.19 0 106 -0.21 0.00 37.33 35.00 8/28/2026 Yes 9 58 None
RF Regions Financial Corp Options Chain 0.40 0.60 0.17 1.00 0.17 0.32 0 3 -0.24 -0.01 30.58 29.00 8/21/2026 Yes 18 70 None
FOXA Fox Corporation - Class A Options Chain 0.95 1.45 0.85 5.00 0.17 0.43 103 0 -0.22 -0.04 52.79 50.00 8/21/2026 Yes 11 56 None
FHN First Horizon Corporation Options Chain 0.25 0.45 0.15 1.00 0.15 0.31 1 0 -0.22 -0.01 25.69 24.00 8/21/2026 Yes 19 68 None