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
NVO Novo Nordisk Options Chain 1.01 1.25 0.45 1.00 0.45 0.39 5 0 -0.29 -0.03 45.88 44.00 7/31/2026 No 17 63 None
QCOM Qualcomm Inc Options Chain 10.55 12.95 1.07 2.50 0.43 0.83 0 14 -0.29 -0.27 221.90 182.50 7/31/2026 Yes 11 65 None
GLW Corning Inc Options Chain 9.35 12.90 1.05 2.50 0.42 0.85 3 34 -0.29 -0.25 209.83 172.50 7/31/2026 No 8 52 None
WMT Walmart Inc Options Chain 1.59 2.08 0.35 1.00 0.35 0.25 2 5 -0.28 -0.06 117.18 115.00 7/31/2026 No 9 55 None
TSCO Tractor Supply Company Options Chain 0.95 1.30 0.35 1.00 0.35 0.54 1 0 -0.30 -0.03 30.24 28.00 7/31/2026 Yes 7 48 None
C Citigroup Inc Options Chain 2.82 3.25 0.34 1.00 0.34 0.33 21 62 -0.29 -0.08 145.67 139.00 7/31/2026 Yes 11 69 None
FCX Freeport-McMoRan Inc Options Chain 2.20 2.75 0.34 1.00 0.34 0.58 154 11 -0.30 -0.06 69.21 60.00 7/31/2026 Yes 10 58 None
IBM International Business Machines Corp Options Chain 7.50 9.75 1.70 5.00 0.34 0.53 4 120 -0.28 -0.22 252.22 245.00 7/31/2026 Yes 13 72 None
DVN Devon Energy Corp Options Chain 0.89 1.26 0.32 1.00 0.32 0.39 0 5 -0.30 -0.03 43.05 41.00 7/31/2026 No 10 60 None
DELL Dell Technologies Inc - Class C Options Chain 22.35 25.10 1.55 5.00 0.31 0.79 4 1 -0.30 -0.53 418.71 390.00 7/31/2026 No 14 57 None
PAAS Pan American Silver Corp Options Chain 1.35 1.95 0.30 1.00 0.30 0.58 15 0 -0.28 -0.04 48.41 43.00 7/31/2026 No 14 55 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.00 16.15 1.48 5.00 0.30 0.53 53 51 -0.29 -0.39 467.67 410.00 7/31/2026 Yes 22 65
Dividend Stock List
ORCL Oracle Corp Options Chain 5.40 5.80 1.47 5.00 0.29 0.54 20 58 -0.28 -0.14 175.42 155.00 7/31/2026 No 7 61 None
APA APA Corporation Options Chain 0.71 1.06 0.29 1.00 0.29 0.50 0 17 -0.25 -0.02 34.20 31.00 7/31/2026 No 15 64 None
WFC Wells Fargo & Company Options Chain 1.57 1.99 0.28 1.00 0.28 0.33 3 0 -0.29 -0.05 83.84 80.00 7/31/2026 Yes 13 73 None
KMI Kinder Morgan Inc - Class P Options Chain 0.48 0.67 0.28 1.00 0.28 0.27 1 25 -0.30 -0.01 32.21 31.00 7/31/2026 Yes 10 66 None
HPQ HP Inc Options Chain 0.66 0.86 0.14 0.50 0.28 0.47 3 4 -0.30 -0.02 23.54 22.50 7/31/2026 No 12 38 None
DOW Dow Inc Options Chain 0.75 0.91 0.25 1.00 0.25 0.50 0 2 -0.26 -0.02 30.79 28.00 7/31/2026 Yes 6 51 None
IP International Paper Company Options Chain 0.90 1.35 0.25 1.00 0.25 0.52 3 0 -0.28 -0.03 36.89 34.00 7/31/2026 Yes 6 60 None
HAL Halliburton Company Options Chain 0.76 1.02 0.25 1.00 0.25 0.43 1 0 -0.28 -0.02 35.17 33.00 7/31/2026 Yes 10 48 None
F Ford Motor Company Options Chain 0.30 0.37 0.12 0.50 0.24 0.45 55 22 -0.26 -0.01 14.11 13.00 7/31/2026 Yes 9 46 None
KHC Kraft Heinz Company Options Chain 0.42 0.46 0.12 0.50 0.24 0.30 19 0 -0.30 -0.01 22.03 21.50 7/31/2026 Yes 8 58 None
KO Coca-Cola Company Options Chain 0.83 0.98 0.23 1.00 0.23 0.21 10 15 -0.26 -0.03 79.53 77.00 7/31/2026 Yes 9 63 None
VZ Verizon Communications Inc Options Chain 0.70 0.91 0.22 1.00 0.22 0.29 1 26 -0.25 -0.01 45.36 44.00 7/31/2026 Yes 9 64 None
JPM JPMorgan Chase & Company Options Chain 5.25 6.00 1.08 5.00 0.22 0.27 11 0 -0.29 -0.14 331.48 320.00 7/31/2026 Yes 9 69 None
BAC Bank Of America Corp Options Chain 0.78 0.92 0.21 1.00 0.21 0.28 6 3 -0.25 -0.02 57.37 55.00 7/31/2026 Yes 14 74 None
CRM Salesforce Inc Options Chain 2.65 3.30 1.03 5.00 0.21 0.45 15 25 -0.23 -0.11 150.12 140.00 7/31/2026 No 15 71 None
CMCSA Comcast Corp - Class A Options Chain 0.40 0.57 0.19 1.00 0.19 0.41 1 2 -0.24 -0.01 22.32 21.00 7/31/2026 Yes 16 69 None
BMY Bristol-Myers Squibb Company Options Chain 0.80 1.01 0.16 1.00 0.16 0.31 0 3 -0.24 -0.02 54.70 52.00 7/31/2026 Yes 15 64 None