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
PAAS Pan American Silver Corp Options Chain 1.50 1.95 0.40 1.00 0.40 0.52 0 1 -0.27 -0.03 48.04 42.00 11/20/2026 Yes 17 64 None
QCOM Qualcomm Inc Options Chain 7.85 8.15 1.70 5.00 0.34 0.53 35 69 -0.30 -0.14 201.97 175.00 11/20/2026 Yes 10 64 None
HPQ HP Inc Options Chain 1.04 1.14 0.33 1.00 0.33 0.49 16 8 -0.27 -0.02 31.30 29.00 11/20/2026 No 10 46 None
APH Amphenol Corp - Class A Options Chain 2.85 3.20 0.80 2.50 0.32 0.47 27 18 -0.30 -0.05 84.09 77.50 11/20/2026 Yes 10 57 None
IBM International Business Machines Corp Options Chain 6.75 7.20 1.55 5.00 0.31 0.42 67 79 -0.29 -0.12 225.51 205.00 11/20/2026 Yes 13 73 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.05 12.45 3.07 10.00 0.31 0.34 127 56 -0.30 -0.23 450.61 430.00 11/20/2026 Yes 20 61
Dividend Stock List
GLW Corning Inc Options Chain 6.00 6.30 1.52 5.00 0.30 0.59 40 61 -0.25 -0.11 156.74 135.00 11/20/2026 Yes 10 54 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.90 2.25 0.75 2.50 0.30 0.44 0 1 -0.29 -0.04 58.24 55.00 11/20/2026 Yes 9 55 None
CVE Cenovus Energy Inc Options Chain 0.95 1.15 0.30 1.00 0.30 0.44 1 86 -0.27 -0.02 30.93 29.00 11/20/2026 Yes 10 59 None
PR Permian Resources Corp - Class A Options Chain 0.65 0.80 0.30 1.00 0.30 0.43 14 4 -0.29 -0.01 21.36 20.00 11/20/2026 Yes 10 60 None
CSCO Cisco Systems Inc Options Chain 3.35 3.50 1.47 5.00 0.29 0.41 81 102 -0.30 -0.06 106.89 100.00 11/20/2026 Yes 11 67 None
BHP BHP Group Ltd Options Chain 2.15 2.30 0.73 2.50 0.29 0.35 48 3 -0.29 -0.04 84.97 80.00 11/20/2026 Yes 9 58 None
BWXT BWX Technologies Inc Options Chain 4.40 5.00 1.45 5.00 0.29 0.46 15 21 -0.29 -0.09 138.47 125.00 11/20/2026 Yes 10 56 None
JCI Johnson Controls International plc Options Chain 4.00 4.90 1.42 5.00 0.28 0.38 0 2 -0.30 -0.08 150.20 140.00 11/20/2026 Yes 8 59 None
DAL Delta Air Lines Inc Options Chain 2.47 2.67 0.71 2.50 0.28 0.44 22 84 -0.28 -0.05 84.94 77.50 11/20/2026 Yes 10 58 None
ALLY Ally Financial Inc Options Chain 0.95 1.10 0.28 1.00 0.28 0.36 0 3 -0.30 -0.02 38.79 36.00 11/20/2026 Yes 15 79 None
ORCL Oracle Corp Options Chain 4.45 4.55 1.37 5.00 0.27 0.52 360 739 -0.26 -0.08 137.10 120.00 11/20/2026 No 8 62 None
CVX Chevron Corp Options Chain 4.35 4.65 1.37 5.00 0.27 0.30 99 83 -0.29 -0.08 204.45 195.00 11/20/2026 Yes 13 77 None
UNH Unitedhealth Group Inc Options Chain 9.05 9.45 2.70 10.00 0.27 0.37 32 31 -0.26 -0.19 376.59 350.00 11/20/2026 Yes 13 65 None
VZ Verizon Communications Inc Options Chain 0.89 0.95 0.27 1.00 0.27 0.26 21 173 -0.27 -0.01 47.08 44.00 11/20/2026 Yes 10 73 None
JPM JPMorgan Chase & Company Options Chain 6.25 6.70 1.30 5.00 0.26 0.27 72 95 -0.29 -0.12 343.06 320.00 11/20/2026 Yes 8 71 None
MET Metlife Inc Options Chain 1.80 1.90 0.65 2.50 0.26 0.29 13 5 -0.25 -0.03 97.70 90.00 11/20/2026 Yes 15 60 None
EIX Edison International Options Chain 1.30 1.45 0.65 2.50 0.26 0.38 66 111 -0.26 -0.02 52.65 47.50 11/20/2026 Yes 10 56 None
VST Vistra Corp Options Chain 3.55 3.95 1.29 5.00 0.26 0.46 44 37 -0.25 -0.08 138.46 125.00 11/20/2026 Yes 7 61 None
MCD McDonald`s Corp Options Chain 3.65 3.85 1.27 5.00 0.25 0.23 99 418 -0.27 -0.09 236.60 225.00 11/20/2026 Yes 9 52 None
CMCSA Comcast Corp - Class A Options Chain 0.56 0.59 0.25 1.00 0.25 0.38 37 82 -0.26 -0.01 21.91 20.00 11/20/2026 Yes 11 62 None
HPE Hewlett Packard Enterprise Company Options Chain 2.38 2.48 1.22 5.00 0.24 0.63 309 72 -0.24 -0.05 62.94 55.00 11/20/2026 No 9 54 None
CRM Salesforce Inc Options Chain 5.70 6.10 2.42 10.00 0.24 0.41 98 770 -0.26 -0.13 234.02 210.00 11/20/2026 No 11 63 None
MS Morgan Stanley Options Chain 4.10 4.30 1.20 5.00 0.24 0.34 13 16 -0.26 -0.08 196.31 180.00 11/20/2026 Yes 14 75 None
PCG PG&E Corp Options Chain 0.37 0.44 0.24 1.00 0.24 0.47 8690 74 -0.28 -0.01 12.34 11.00 11/20/2026 Yes 13 60 None
KMI Kinder Morgan Inc - Class P Options Chain 0.59 0.62 0.24 1.00 0.24 0.27 1 25 -0.28 -0.01 30.75 29.00 11/20/2026 Yes 12 67 None
FCX Freeport-McMoRan Inc Options Chain 2.11 2.24 1.18 5.00 0.24 0.49 1607 152 -0.25 -0.04 72.31 65.00 11/20/2026 Yes 12 63 None
OXY Occidental Petroleum Corp Options Chain 1.21 1.30 0.55 2.50 0.22 0.36 27 30 -0.24 -0.03 56.86 52.50 11/20/2026 Yes 10 55 None
XOM Exxon Mobil Corp Options Chain 2.75 2.95 1.03 5.00 0.21 0.32 164 174 -0.24 -0.06 160.59 150.00 11/20/2026 Yes 11 66 None
AZN Astrazeneca plc Options Chain 2.60 2.90 1.02 5.00 0.20 0.30 1 16 -0.24 -0.07 166.58 155.00 11/20/2026 Yes 11 62 None
BCS Barclays plc Options Chain 0.55 0.65 0.20 1.00 0.20 0.36 2 0 -0.26 -0.01 24.81 23.00 11/20/2026 Yes 15 59 None
BBD Banco Bradesco S.A. Options Chain 0.10 0.15 0.10 0.50 0.20 0.55 2 0 -0.27 0.00 3.41 3.00 11/20/2026 Yes 13 52 None
NKE Nike Inc - Class B Options Chain 0.82 0.89 0.49 2.50 0.20 0.46 732 859 -0.22 -0.02 35.75 32.50 11/20/2026 Yes 11 53 None
WFC Wells Fargo & Company Options Chain 1.28 1.37 0.48 2.50 0.19 0.31 73 139 -0.22 -0.03 82.97 75.00 11/20/2026 Yes 12 65 None
BAC Bank Of America Corp Options Chain 0.97 1.00 0.48 2.50 0.19 0.28 270 148 -0.26 -0.02 56.70 52.50 11/20/2026 Yes 10 65 None
BMY Bristol-Myers Squibb Company Options Chain 0.98 1.08 0.46 2.50 0.18 0.33 52 21 -0.22 -0.02 62.86 57.50 11/20/2026 Yes 11 61 None
APA APA Corporation Options Chain 0.98 1.15 0.46 2.50 0.18 0.49 68 0 -0.23 -0.02 42.74 37.50 11/20/2026 Yes 14 70 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 1.05 1.35 0.90 5.00 0.18 0.35 14 0 -0.30 -0.02 47.93 45.00 11/20/2026 Yes 10 64 None
KHC Kraft Heinz Company Options Chain 0.54 0.60 0.45 2.50 0.18 0.30 44 2 -0.30 -0.01 23.63 22.50 11/20/2026 Yes 7 57 None
T AT&T Inc Options Chain 0.39 0.43 0.18 1.00 0.18 0.29 102 49 -0.22 -0.01 25.38 23.00 11/20/2026 Yes 15 67 None
KO Coca-Cola Company Options Chain 0.94 1.03 0.43 2.50 0.17 0.23 360 837 -0.24 -0.03 87.81 82.50 11/20/2026 Yes 9 61 None
C Citigroup Inc Options Chain 1.95 2.04 0.84 5.00 0.17 0.33 245 37 -0.22 -0.05 134.75 120.00 11/20/2026 Yes 17 78 None
DVN Devon Energy Corp Options Chain 0.86 0.93 0.42 2.50 0.17 0.39 3 38 -0.21 -0.02 47.05 42.50 11/20/2026 Yes 10 57 None
NVO Novo Nordisk Options Chain 0.66 0.69 0.40 2.50 0.16 0.37 648 4 -0.20 -0.02 38.80 35.00 11/20/2026 Yes 11 50 None
MDT Medtronic Plc Options Chain 1.23 1.35 0.40 2.50 0.16 0.29 189 19 -0.24 -0.04 88.64 82.50 11/20/2026 Yes 12 64 None
EPD Enterprise Products Partners L P Options Chain 0.39 0.53 0.16 1.00 0.16 0.21 20 0 -0.24 -0.01 36.75 35.00 11/20/2026 Yes 9 58 None
LUV Southwest Airlines Company Options Chain 0.78 0.98 0.39 2.50 0.16 0.45 1 0 -0.21 -0.02 42.68 37.50 11/20/2026 Yes 10 54 None
ALL Allstate Corp (The) Options Chain 3.20 3.60 1.55 10.00 0.15 0.32 5 2 -0.22 -0.10 227.60 210.00 11/20/2026 Yes 19 76 None
WMT Walmart Inc Options Chain 1.45 1.50 0.77 5.00 0.15 0.31 382 52 -0.21 -0.05 107.98 100.00 11/20/2026 No 8 55 None