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
GLW Corning Inc Options Chain 12.80 14.10 1.87 5.00 0.37 0.94 37 40 -0.28 -0.24 198.18 170.00 8/21/2026 Yes 8 52 None
QCOM Qualcomm Inc Options Chain 10.20 11.10 1.85 5.00 0.37 0.72 83 91 -0.30 -0.20 177.02 170.00 8/21/2026 Yes 11 64 None
DELL Dell Technologies Inc - Class C Options Chain 26.60 28.50 3.55 10.00 0.35 0.83 463 72 -0.30 -0.47 411.80 370.00 8/21/2026 No 11 52 None
TSM Taiwan Semiconductor Manufacturing Options Chain 18.55 19.75 3.50 10.00 0.35 0.55 87 124 -0.30 -0.36 451.79 420.00 8/21/2026 Yes 20 61
Dividend Stock List
PAAS Pan American Silver Corp Options Chain 1.65 1.95 0.35 1.00 0.35 0.59 5 22 -0.28 -0.04 46.47 41.00 8/21/2026 Yes 19 64 None
AVGO Broadcom Inc Options Chain 11.80 14.60 1.65 5.00 0.33 0.51 30 19 -0.30 -0.31 373.90 350.00 8/14/2026 No 10 62 None
ITT ITT Inc Options Chain 5.60 6.80 1.60 5.00 0.32 0.43 1400 0 -0.30 -0.12 186.80 180.00 8/21/2026 Yes 7 54 None
LLY Lilly(Eli) & Company Options Chain 32.70 39.30 3.07 10.00 0.31 0.43 3 4 -0.29 -0.73 1,200.06 1,120.00 8/21/2026 Yes 9 65 None
MSFT Microsoft Corporation Options Chain 10.35 10.65 1.52 5.00 0.30 0.41 514 97 -0.28 -0.23 390.80 360.00 8/21/2026 Yes 15 72 None
CRM Salesforce Inc Options Chain 5.10 5.50 1.52 5.00 0.30 0.45 101 120 -0.29 -0.11 166.31 155.00 8/21/2026 No 15 71 None
APH Amphenol Corp - Class A Options Chain 6.40 6.70 1.50 5.00 0.30 0.60 72 15 -0.27 -0.14 166.81 150.00 8/21/2026 Yes 8 58 None
ORCL Oracle Corp Options Chain 5.90 6.15 1.48 5.00 0.30 0.61 569 377 -0.28 -0.12 143.76 130.00 8/21/2026 No 11 67 None
VST Vistra Corp Options Chain 6.25 6.90 1.48 5.00 0.30 0.56 29 128 -0.30 -0.13 157.22 145.00 8/21/2026 Yes 6 56 None
IBM International Business Machines Corp Options Chain 10.25 11.35 1.45 5.00 0.29 0.52 78 26 -0.29 -0.20 299.52 275.00 8/21/2026 Yes 13 70 None
MFC Manulife Financial Corp Options Chain 0.45 0.90 0.28 1.00 0.28 0.28 1 0 -0.26 -0.01 41.17 39.00 8/21/2026 Yes 17 67 None
ALLY Ally Financial Inc Options Chain 0.90 1.35 0.28 1.00 0.28 0.37 0 2 -0.27 -0.02 46.23 43.00 8/21/2026 Yes 10 64 None
JPM JPMorgan Chase & Company Options Chain 6.10 6.55 1.38 5.00 0.28 0.26 41 76 -0.30 -0.14 337.72 325.00 8/21/2026 Yes 11 77 None
GM General Motors Company Options Chain 1.99 2.18 0.69 2.50 0.28 0.40 20 462 -0.29 -0.05 77.85 72.50 8/21/2026 Yes 9 60 None
TOL Toll Brothers Inc Options Chain 3.30 4.60 1.35 5.00 0.27 0.39 0 21 -0.28 -0.09 155.13 145.00 8/21/2026 Yes 11 66 None
CMCSA Comcast Corp - Class A Options Chain 0.58 0.70 0.27 1.00 0.27 0.39 423 135 -0.29 -0.01 23.38 22.00 8/21/2026 Yes 12 58 None
UNH Unitedhealth Group Inc Options Chain 8.80 9.70 2.60 10.00 0.26 0.36 28 116 -0.27 -0.22 417.99 390.00 8/21/2026 Yes 11 63 None
V Visa Inc - Class A Options Chain 5.40 6.20 1.30 5.00 0.26 0.26 37 27 -0.27 -0.14 357.25 340.00 8/21/2026 Yes 10 64 None
COP Conoco Phillips Options Chain 2.03 2.26 0.65 2.50 0.26 0.33 8 107 -0.28 -0.05 103.58 97.50 8/21/2026 Yes 9 68 None
HPE Hewlett Packard Enterprise Company Options Chain 2.14 2.29 0.26 1.00 0.26 0.69 67 17 -0.29 -0.04 41.20 39.00 8/21/2026 No 8 51 None
CSCO Cisco Systems Inc Options Chain 3.60 4.20 1.27 5.00 0.25 0.50 42 70 -0.29 -0.08 113.98 105.00 8/21/2026 Yes 9 62 None
XOM Exxon Mobil Corp Options Chain 2.54 2.70 1.27 5.00 0.25 0.29 94 89 -0.30 -0.06 136.44 130.00 8/21/2026 Yes 11 71 None
RMD Resmed Inc Options Chain 3.90 5.00 1.25 5.00 0.25 0.40 6 1 -0.23 -0.13 209.06 200.00 8/21/2026 Yes 20 68
Dividend Stock List
CVE Cenovus Energy Inc Options Chain 0.75 0.85 0.25 1.00 0.25 0.45 53 10 -0.29 -0.02 24.36 23.00 8/21/2026 Yes 16 66 None
EQNR Equinor ASA Options Chain 0.80 0.90 0.25 1.00 0.25 0.38 4 0 -0.30 -0.01 32.06 30.00 8/21/2026 Yes 9 52 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.55 0.25 1.00 0.25 0.40 12 0 -0.30 -0.01 18.19 17.00 8/21/2026 Yes 9 61 None
EIX Edison International Options Chain 1.45 1.85 0.62 2.50 0.25 0.33 13 14 -0.27 -0.02 74.69 70.00 8/21/2026 Yes 13 76 None
DAL Delta Air Lines Inc Options Chain 2.73 3.15 0.62 2.50 0.25 0.46 45 45 -0.29 -0.06 91.68 85.00 8/21/2026 Yes 11 57 None
UNM Unum Group Options Chain 1.80 2.30 0.62 2.50 0.25 0.33 1 0 -0.30 -0.04 89.51 85.00 8/21/2026 Yes 10 71 None
SCHW Charles Schwab Corp Options Chain 1.96 2.13 0.61 2.50 0.24 0.32 66 57 -0.28 -0.04 100.62 95.00 8/21/2026 Yes 16 70 None
TGT Target Corp Options Chain 2.90 3.15 1.21 5.00 0.24 0.42 56 61 -0.25 -0.06 129.94 115.00 8/21/2026 Yes 12 63 None
FCX Freeport-McMoRan Inc Options Chain 2.04 2.11 1.21 5.00 0.24 0.55 123 107 -0.26 -0.04 61.00 55.00 8/21/2026 Yes 14 63 None
NVO Novo Nordisk Options Chain 1.29 1.42 0.60 2.50 0.24 0.46 155 19567 -0.27 -0.03 49.26 45.00 8/21/2026 Yes 17 63 None
WFC Wells Fargo & Company Options Chain 1.67 1.87 0.60 2.50 0.24 0.31 49 148 -0.28 -0.04 85.25 82.50 8/21/2026 Yes 13 73 None
HPQ HP Inc Options Chain 0.61 0.71 0.24 1.00 0.24 0.43 108 168 -0.27 -0.01 22.60 21.00 8/21/2026 No 12 38 None
RTX RTX Corp Options Chain 3.55 4.35 1.19 5.00 0.24 0.31 12 35 -0.28 -0.09 199.26 190.00 8/21/2026 Yes 14 64 None
WMT Walmart Inc Options Chain 2.16 2.25 1.19 5.00 0.24 0.30 1489 986 -0.28 -0.05 110.65 105.00 8/21/2026 Yes 9 55 None
C Citigroup Inc Options Chain 3.05 3.25 1.17 5.00 0.23 0.33 346 132 -0.29 -0.06 143.86 135.00 8/21/2026 Yes 11 69 None
MCD McDonald`s Corp Options Chain 3.90 4.25 1.14 5.00 0.23 0.25 110 182 -0.26 -0.11 279.70 265.00 8/21/2026 Yes 9 62 None
DOW Dow Inc Options Chain 0.81 0.85 0.56 2.50 0.22 0.49 93 16 -0.26 -0.02 27.83 25.00 8/21/2026 Yes 6 52 None
APA APA Corporation Options Chain 1.01 1.12 0.56 2.50 0.22 0.46 8 33 -0.30 -0.02 32.46 30.00 8/21/2026 Yes 10 55 None
VZ Verizon Communications Inc Options Chain 0.69 0.82 0.22 1.00 0.22 0.31 252 579 -0.23 -0.01 42.07 39.00 8/21/2026 Yes 13 73 None
EPD Enterprise Products Partners L P Options Chain 0.47 0.62 0.22 1.00 0.22 0.21 251 1 -0.30 -0.01 36.47 35.00 8/21/2026 Yes 9 58 None
KO Coca-Cola Company Options Chain 1.14 1.24 0.54 2.50 0.22 0.22 2919 95 -0.29 -0.03 83.94 80.00 8/21/2026 Yes 9 61 None
BAC Bank Of America Corp Options Chain 1.06 1.15 0.54 2.50 0.22 0.26 388 1716 -0.30 -0.03 59.90 57.50 8/21/2026 Yes 10 64 None
KMI Kinder Morgan Inc - Class P Options Chain 0.43 0.50 0.21 1.00 0.21 0.25 24 13 -0.26 -0.01 31.82 30.00 8/21/2026 Yes 8 59 None
CLX Clorox Company Options Chain 1.90 2.50 1.02 5.00 0.20 0.38 23 55 -0.27 -0.04 97.24 90.00 8/21/2026 Yes 14 54 None
DVN Devon Energy Corp Options Chain 0.90 0.98 0.51 2.50 0.20 0.39 242 110 -0.26 -0.02 40.36 37.50 8/21/2026 Yes 7 53 None
USB U.S. Bancorp. Options Chain 1.04 1.17 0.51 2.50 0.20 0.27 8 59 -0.28 -0.03 62.83 60.00 8/21/2026 Yes 15 74 None
MPC Marathon Petroleum Corp Options Chain 4.80 6.90 2.00 10.00 0.20 0.37 16 5 -0.26 -0.15 268.99 250.00 8/21/2026 Yes 11 59 None
BKR Baker Hughes Co - Class A Options Chain 1.40 1.60 1.00 5.00 0.20 0.41 14 16 -0.29 -0.03 53.25 50.00 8/21/2026 Yes 16 65 None
BCS Barclays plc Options Chain 0.55 0.75 0.20 1.00 0.20 0.41 1 0 -0.25 -0.01 28.41 26.00 8/21/2026 Yes 16 60 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.45 0.20 1.00 0.20 0.31 22 0 -0.28 -0.01 17.83 17.00 8/21/2026 Yes 11 66 None
OVV Ovintiv Inc Options Chain 1.40 1.50 0.97 5.00 0.19 0.39 47 0 -0.29 -0.03 53.30 50.00 8/21/2026 Yes 10 72 None
T AT&T Inc Options Chain 0.40 0.45 0.19 1.00 0.19 0.35 489 119 -0.25 -0.01 20.59 19.00 8/21/2026 Yes 9 61 None
NKE Nike Inc - Class B Options Chain 0.78 0.83 0.47 2.50 0.19 0.36 653 238 -0.23 -0.02 43.34 40.00 8/21/2026 No 13 58 None
BMY Bristol-Myers Squibb Company Options Chain 0.79 0.90 0.46 2.50 0.18 0.32 143 78 -0.22 -0.03 56.70 52.50 8/21/2026 Yes 15 61 None
COST Costco Wholesale Corp Options Chain 12.60 16.05 0.90 5.00 0.18 0.23 13 25 -0.29 -0.35 948.29 915.00 8/21/2026 No 15 61 None
MO Altria Group Inc Options Chain 0.86 0.97 0.45 2.50 0.18 0.27 164 129 -0.22 -0.03 71.88 67.50 8/21/2026 Yes 12 67 None
MDT Medtronic Plc Options Chain 0.82 1.31 0.45 2.50 0.18 0.28 8 66 -0.23 -0.03 83.18 77.50 8/21/2026 Yes 14 72 None
RF Regions Financial Corp Options Chain 0.50 0.65 0.18 1.00 0.18 0.29 17 1 -0.28 -0.01 30.48 29.00 8/21/2026 Yes 18 71 None
PG Procter & Gamble Company Options Chain 1.87 2.12 0.88 5.00 0.18 0.26 114 233 -0.24 -0.04 149.31 140.00 8/21/2026 Yes 13 72 None
KEY Keycorp Options Chain 0.35 0.45 0.17 1.00 0.17 0.31 53 47 -0.25 -0.01 22.76 22.00 8/21/2026 Yes 10 59 None
EXC Exelon Corp Options Chain 0.45 0.85 0.17 1.00 0.17 0.23 1 0 -0.28 -0.02 47.05 45.00 8/21/2026 Yes 8 57 None
EQT EQT Corp Options Chain 0.66 0.76 0.42 2.50 0.17 0.33 32 13 -0.19 -0.02 51.71 47.50 8/21/2026 Yes 16 72 None
PPL PPL Corp Options Chain 0.25 0.60 0.15 1.00 0.15 0.23 9 4 -0.24 -0.02 36.89 34.00 8/21/2026 Yes 9 67 None