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
FCX Freeport-McMoRan Inc Options Chain 1.88 3.10 0.90 1.00 0.90 0.51 4 1 -0.29 -0.05 70.92 67.00 10/30/2026 Yes 10 58 None
HPQ HP Inc Options Chain 0.75 1.45 0.32 0.50 0.64 0.53 8 20 -0.27 -0.03 34.40 30.50 10/30/2026 No 10 46 None
WFC Wells Fargo & Company Options Chain 1.53 1.99 0.47 1.00 0.47 0.31 10 112 -0.30 -0.05 86.54 83.00 10/30/2026 Yes 15 74 None
ORCL Oracle Corp Options Chain 5.00 5.50 0.40 1.00 0.40 0.52 36 43 -0.30 -0.12 147.55 138.00 10/30/2026 No 12 69 None
LUV Southwest Airlines Company Options Chain 0.98 1.74 0.40 1.00 0.40 0.48 3 2 -0.30 -0.03 41.00 39.00 10/30/2026 Yes 10 54 None
C Citigroup Inc Options Chain 2.63 3.20 0.38 1.00 0.38 0.32 1 3 -0.30 -0.07 131.77 129.00 10/30/2026 Yes 14 69 None
PEP PepsiCo Inc Options Chain 1.63 2.30 0.37 1.00 0.37 0.24 34 8 -0.29 -0.06 129.59 125.00 10/30/2026 Yes 9 55 None
MDT Medtronic Plc Options Chain 1.39 1.92 0.37 1.00 0.37 0.27 2 0 -0.30 -0.04 92.40 88.00 10/30/2026 No 14 71 None
UNH Unitedhealth Group Inc Options Chain 7.45 9.20 1.83 5.00 0.37 0.37 1 30 -0.28 -0.21 377.29 355.00 10/30/2026 Yes 13 65 None
AA Alcoa Corp Options Chain 1.13 1.52 0.35 1.00 0.35 0.51 3 2 -0.26 -0.03 44.50 41.00 10/30/2026 Yes 16 49 None
DAL Delta Air Lines Inc Options Chain 1.88 2.48 0.34 1.00 0.34 0.43 2 0 -0.28 -0.05 79.62 77.00 10/30/2026 Yes 13 67 None
PCG PG&E Corp Options Chain 0.16 0.52 0.17 0.50 0.34 0.45 8 20 -0.27 -0.01 12.94 12.00 10/30/2026 Yes 10 51 None
STM ST Microelectronics Options Chain 1.85 2.30 0.33 1.00 0.33 0.61 1 10 -0.29 -0.04 50.03 47.00 10/30/2026 Yes 12 53 None
CSCO Cisco Systems Inc Options Chain 1.99 2.53 0.33 1.00 0.33 0.31 1 0 -0.30 -0.05 109.51 106.00 10/30/2026 No 10 67 None
QCOM Qualcomm Inc Options Chain 5.65 7.00 1.63 5.00 0.33 0.52 36 20 -0.28 -0.16 177.72 180.00 10/30/2026 No 10 63 None
AVGO Broadcom Inc Options Chain 8.90 9.70 1.60 5.00 0.32 0.38 66 238 -0.30 -0.23 356.96 345.00 10/30/2026 No 14 67 None
COST Costco Wholesale Corp Options Chain 11.90 13.85 1.55 5.00 0.31 0.22 10 46 -0.30 -0.34 895.31 870.00 10/30/2026 Yes 14 59 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.50 10.70 1.55 5.00 0.31 0.34 20 117 -0.30 -0.25 445.14 425.00 10/30/2026 Yes 20 61
Dividend Stock List
GLW Corning Inc Options Chain 5.90 6.90 1.50 5.00 0.30 0.63 129 73 -0.28 -0.16 150.13 145.00 10/30/2026 Yes 10 54 None
APA APA Corporation Options Chain 1.17 1.52 0.30 1.00 0.30 0.46 0 19 -0.30 -0.03 44.87 41.00 10/30/2026 No 14 70 None
COP Conoco Phillips Options Chain 2.32 2.93 0.30 1.00 0.30 0.32 3 3 -0.30 -0.07 131.83 122.00 10/30/2026 No 13 77 None
NVO Novo Nordisk Options Chain 0.82 0.98 0.30 1.00 0.30 0.35 530 269 -0.30 -0.02 43.26 38.00 10/30/2026 No 14 57 None
IBM International Business Machines Corp Options Chain 5.35 7.05 1.45 5.00 0.29 0.45 37 33 -0.27 -0.16 230.18 215.00 10/30/2026 Yes 9 66 None
BKNG Booking Holdings Inc Options Chain 3.70 5.00 1.45 5.00 0.29 0.39 2 18 -0.30 -0.13 167.88 160.00 10/30/2026 Yes 11 65 None
CVX Chevron Corp Options Chain 3.05 3.85 1.41 5.00 0.28 0.28 56 66 -0.28 -0.10 209.51 195.00 10/30/2026 Yes 13 77 None
NKE Nike Inc - Class B Options Chain 1.00 1.10 0.28 1.00 0.28 0.44 44 31 -0.30 -0.03 36.10 34.00 10/30/2026 Yes 13 61 None
JNJ Johnson & Johnson Options Chain 4.20 5.30 1.40 5.00 0.28 0.27 6 15 -0.30 -0.13 270.20 260.00 10/30/2026 Yes 12 71 None
MSFT Microsoft Corporation Options Chain 9.20 10.50 1.37 5.00 0.27 0.33 68 108 -0.27 -0.28 501.61 475.00 10/30/2026 No 14 72 None
DOW Dow Inc Options Chain 0.57 0.71 0.27 1.00 0.27 0.45 0 6 -0.22 -0.02 28.73 26.00 10/30/2026 Yes 8 54 None
JPM JPMorgan Chase & Company Options Chain 4.60 5.90 1.30 5.00 0.26 0.26 6 5 -0.27 -0.12 349.37 335.00 10/30/2026 Yes 11 80 None
OXY Occidental Petroleum Corp Options Chain 0.95 1.16 0.26 1.00 0.26 0.34 23 4 -0.25 -0.03 58.80 54.00 10/30/2026 No 10 55 None
BMY Bristol-Myers Squibb Company Options Chain 0.99 1.20 0.26 1.00 0.26 0.30 1 1 -0.28 -0.02 63.06 59.00 10/30/2026 Yes 16 70 None
HPE Hewlett Packard Enterprise Company Options Chain 2.22 2.60 0.26 1.00 0.26 0.62 20 39 -0.28 -0.05 60.76 56.00 10/30/2026 No 9 54 None
F Ford Motor Company Options Chain 0.32 0.34 0.13 0.50 0.26 0.38 44 53 -0.29 -0.01 13.21 12.50 10/30/2026 Yes 9 49 None
VST Vistra Corp Options Chain 2.77 3.20 1.27 5.00 0.25 0.42 134 85 -0.24 -0.09 141.35 130.00 10/30/2026 No 6 54 None
EPD Enterprise Products Partners L P Options Chain 0.27 0.64 0.25 1.00 0.25 0.22 410 0 -0.26 -0.01 38.95 37.00 10/30/2026 Yes 9 59 None
PAAS Pan American Silver Corp Options Chain 1.20 1.55 0.25 1.00 0.25 0.48 1 12 -0.27 -0.04 50.08 45.00 10/30/2026 No 13 56 None
MCD McDonald`s Corp Options Chain 3.15 3.60 1.23 5.00 0.25 0.22 78 51 -0.29 -0.11 248.97 240.00 10/30/2026 No 12 67 None
EQT EQT Corp Options Chain 0.72 0.86 0.24 1.00 0.24 0.32 1 6 -0.24 -0.03 50.47 47.00 10/30/2026 Yes 15 69 None
TGT Target Corp Options Chain 2.57 2.81 0.24 1.00 0.24 0.30 6 2 -0.26 -0.08 158.19 150.00 10/30/2026 No 15 72 None
CMCSA Comcast Corp - Class A Options Chain 0.34 0.42 0.23 1.00 0.23 0.35 26 36931 -0.23 -0.01 22.79 21.00 10/30/2026 Yes 15 69 None
USB U.S. Bancorp. Options Chain 0.76 1.04 0.22 1.00 0.22 0.27 0 3 -0.25 -0.02 60.44 57.00 10/30/2026 Yes 12 65 None
XOM Exxon Mobil Corp Options Chain 2.29 2.80 1.08 5.00 0.22 0.31 201 43 -0.25 -0.09 158.30 150.00 10/30/2026 Yes 13 73 None
HAL Halliburton Company Options Chain 0.37 0.85 0.21 1.00 0.21 0.38 10 2 -0.23 -0.02 33.64 31.00 10/30/2026 Yes 10 48 None
VZ Verizon Communications Inc Options Chain 0.65 0.73 0.20 1.00 0.20 0.26 21 225 -0.25 -0.01 48.15 45.00 10/30/2026 No 10 73 None
KHC Kraft Heinz Company Options Chain 0.30 0.35 0.10 0.50 0.20 0.28 3 9 -0.24 -0.01 24.48 23.00 10/30/2026 No 7 57 None
KMI Kinder Morgan Inc - Class P Options Chain 0.36 0.51 0.19 1.00 0.19 0.28 1 17 -0.23 -0.01 31.57 30.00 10/30/2026 Yes 13 67 None
BAC Bank Of America Corp Options Chain 0.72 0.78 0.19 1.00 0.19 0.27 42 33 -0.24 -0.03 57.75 55.00 10/30/2026 Yes 9 65 None
CRM Salesforce Inc Options Chain 4.75 5.35 0.92 5.00 0.18 0.40 38 47 -0.26 -0.15 237.92 220.00 10/30/2026 No 10 63 None
WMT Walmart Inc Options Chain 1.54 1.66 0.17 1.00 0.17 0.23 4 7 -0.30 -0.05 106.83 104.00 10/30/2026 No 9 59 None
DVN Devon Energy Corp Options Chain 0.80 1.10 0.16 1.00 0.16 0.34 10 2 -0.28 -0.03 48.61 45.00 10/30/2026 No 10 55 None
GM General Motors Company Options Chain 1.80 2.19 0.16 1.00 0.16 0.39 2 16 -0.28 -0.06 82.20 79.00 10/30/2026 Yes 9 59 None
CVS CVS Health Corp Options Chain 1.32 2.15 0.16 1.00 0.16 0.33 2 45 -0.29 -0.04 89.04 83.00 10/30/2026 No 14 69 None
KO Coca-Cola Company Options Chain 0.87 1.14 0.15 1.00 0.15 0.22 38 286 -0.25 -0.04 88.21 84.00 10/30/2026 Yes 11 67 None