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 10.30 10.90 2.07 5.00 0.41 0.82 178 124 -0.30 -0.19 150.33 145.00 9/18/2026 No 10 54 None
ITT ITT Inc Options Chain 5.60 7.80 2.05 5.00 0.41 0.47 0 4012 -0.29 -0.13 204.65 190.00 9/18/2026 Yes 10 62 None
CAT Caterpillar Inc Options Chain 25.55 31.20 3.78 10.00 0.38 0.46 29 59 -0.29 -0.63 878.92 820.00 9/18/2026 Yes 10 63 None
COST Costco Wholesale Corp Options Chain 15.00 16.25 1.85 5.00 0.37 0.24 11 24 -0.29 -0.38 949.25 915.00 9/18/2026 No 14 59 None
ORCL Oracle Corp Options Chain 7.65 8.00 1.75 5.00 0.35 0.76 1651 349 -0.28 -0.15 145.74 130.00 9/18/2026 Yes 9 63 None
NTAP Netapp Inc Options Chain 8.70 9.60 1.75 5.00 0.35 0.64 5 13 -0.30 -0.19 190.46 175.00 9/18/2026 Yes 13 64 None
HPE Hewlett Packard Enterprise Company Options Chain 3.25 3.65 0.35 1.00 0.35 0.84 144 8 -0.30 -0.06 51.87 47.00 9/18/2026 Yes 8 52 None
CGNX Cognex Corp Options Chain 2.40 4.20 1.62 5.00 0.32 0.84 1 50 -0.22 -0.07 70.10 60.00 9/18/2026 Yes 15 57 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.35 14.95 3.20 10.00 0.32 0.47 114 1064 -0.30 -0.29 417.17 390.00 9/18/2026 No 23 65
Dividend Stock List
CRM Salesforce Inc Options Chain 6.50 6.90 1.57 5.00 0.31 0.53 337 78 -0.28 -0.14 190.27 175.00 9/18/2026 Yes 15 70 None
RIO Rio Tinto plc Options Chain 2.25 2.50 0.78 2.50 0.31 0.33 41 41 -0.26 -0.02 99.01 92.50 9/18/2026 No 8 62 None
ZTS Zoetis Inc - Class A Options Chain 2.15 2.70 1.55 5.00 0.31 0.49 85 26 -0.28 -0.06 76.04 70.00 9/18/2026 Yes 11 56 None
VST Vistra Corp Options Chain 5.00 5.35 1.48 5.00 0.30 0.57 989 160 -0.26 -0.12 155.65 130.00 9/18/2026 Yes 6 56 None
LLY Lilly(Eli) & Company Options Chain 27.00 35.45 2.95 10.00 0.30 0.42 8 34 -0.28 -0.65 1,115.68 1,040.00 9/18/2026 Yes 13 67 None
QCOM Qualcomm Inc Options Chain 5.30 5.60 1.45 5.00 0.29 0.58 181 1635 -0.25 -0.12 151.89 145.00 9/18/2026 No 11 64 None
JPM JPMorgan Chase & Company Options Chain 5.00 5.85 1.45 5.00 0.29 0.22 77 302 -0.28 -0.13 352.96 345.00 9/18/2026 No 12 80 None
VZ Verizon Communications Inc Options Chain 0.84 0.92 0.29 1.00 0.29 0.27 360 276 -0.30 -0.02 46.88 45.00 9/18/2026 No 8 64 None
HPQ HP Inc Options Chain 1.03 1.20 0.28 1.00 0.28 0.57 3 47 -0.28 -0.02 28.82 26.00 9/18/2026 Yes 12 45 None
WSM Williams-Sonoma Inc Options Chain 7.90 9.30 2.70 10.00 0.27 0.50 24 16 -0.28 -0.18 248.88 230.00 9/18/2026 Yes 12 57 None
PAAS Pan American Silver Corp Options Chain 1.55 1.75 0.27 1.00 0.27 0.54 35 32 -0.29 -0.03 44.91 41.00 9/18/2026 Yes 19 64 None
IBM International Business Machines Corp Options Chain 5.40 5.80 1.32 5.00 0.26 0.42 99 92 -0.25 -0.11 226.75 215.00 9/18/2026 No 9 66 None
EPD Enterprise Products Partners L P Options Chain 0.43 0.56 0.26 1.00 0.26 0.19 34 1368 -0.29 -0.01 38.12 37.00 9/18/2026 No 9 59 None
EIX Edison International Options Chain 1.65 2.40 1.25 5.00 0.25 0.43 562 154 -0.24 -0.05 69.95 65.00 9/18/2026 No 9 64 None
MCD McDonald`s Corp Options Chain 3.50 3.85 1.25 5.00 0.25 0.24 145 245 -0.26 -0.08 268.34 255.00 9/18/2026 Yes 9 53 None
PCG PG&E Corp Options Chain 0.60 0.70 0.25 1.00 0.25 0.55 1440 377 -0.28 -0.01 17.26 16.00 9/18/2026 No 13 59 None
EXC Exelon Corp Options Chain 0.55 0.80 0.25 1.00 0.25 0.22 1 10 -0.29 -0.01 46.00 44.00 9/18/2026 No 8 57 None
XOM Exxon Mobil Corp Options Chain 2.75 2.92 1.24 5.00 0.25 0.30 297 230 -0.27 -0.05 153.96 145.00 9/18/2026 No 11 72 None
TGT Target Corp Options Chain 3.20 3.45 1.23 5.00 0.25 0.41 20 130 -0.24 -0.06 148.11 135.00 9/18/2026 Yes 9 64 None
C Citigroup Inc Options Chain 2.65 2.86 1.20 5.00 0.24 0.30 504 1418 -0.28 -0.07 137.19 130.00 9/18/2026 No 14 69 None
CSCO Cisco Systems Inc Options Chain 3.10 3.30 1.19 5.00 0.24 0.49 160 254 -0.24 -0.08 124.25 110.00 9/18/2026 Yes 7 58 None
KEY Keycorp Options Chain 0.35 0.50 0.23 1.00 0.23 0.28 10 2 -0.29 -0.01 23.10 22.00 9/18/2026 No 10 59 None
KGC Kinross Gold Corp Options Chain 0.61 0.88 0.23 1.00 0.23 0.46 23 1 -0.30 -0.02 23.42 22.00 9/18/2026 No 19 52 None
V Visa Inc - Class A Options Chain 5.05 5.55 1.12 5.00 0.22 0.23 110 37 -0.28 -0.13 369.59 355.00 9/18/2026 No 10 64 None
WMT Walmart Inc Options Chain 2.05 2.21 1.10 5.00 0.22 0.32 332 237 -0.27 -0.05 111.55 105.00 9/18/2026 Yes 10 59 None
BMY Bristol-Myers Squibb Company Options Chain 0.99 1.35 0.55 2.50 0.22 0.29 180 194 -0.27 -0.03 65.61 62.50 9/18/2026 No 16 70 None
EQT EQT Corp Options Chain 0.81 0.91 0.55 2.50 0.22 0.28 275 8 -0.27 -0.02 53.00 50.00 9/18/2026 No 11 60 None
IVZ Invesco Ltd Options Chain 0.60 0.90 0.22 1.00 0.22 0.36 0 4 -0.29 -0.01 32.00 30.00 9/18/2026 No 8 59 None
FCX Freeport-McMoRan Inc Options Chain 1.88 1.98 1.07 5.00 0.21 0.53 1536 431 -0.24 -0.05 63.64 60.00 9/18/2026 No 9 63 None
UNH Unitedhealth Group Inc Options Chain 5.85 6.40 2.13 10.00 0.21 0.31 200 483 -0.23 -0.16 407.55 380.00 9/18/2026 No 12 63 None
NEE NextEra Energy Inc Options Chain 1.10 1.21 0.53 2.50 0.21 0.24 42 54 -0.25 -0.02 86.65 82.50 9/18/2026 No 7 65 None
DOW Dow Inc Options Chain 0.72 0.84 0.51 2.50 0.20 0.45 18 6 -0.25 -0.01 30.46 27.50 9/18/2026 No 8 56 None
DVN Devon Energy Corp Options Chain 0.83 0.89 0.50 2.50 0.20 0.40 31 173 -0.24 -0.02 44.35 40.00 9/18/2026 Yes 7 51 None
FIS Fidelity National Information Services Inc Options Chain 0.75 1.50 0.50 2.50 0.20 0.44 298 59 -0.24 -0.02 45.40 40.00 9/18/2026 Yes 8 57 None
GPN Global Payments Inc Options Chain 1.95 2.70 0.50 2.50 0.20 0.50 0 7 -0.26 -0.06 86.19 77.50 9/18/2026 Yes 10 57 None
RF Regions Financial Corp Options Chain 0.30 0.65 0.20 1.00 0.20 0.27 0 3 -0.24 -0.01 31.95 30.00 9/18/2026 No 17 70 None
KMI Kinder Morgan Inc - Class P Options Chain 0.35 0.46 0.20 1.00 0.20 0.23 130 11 -0.25 -0.01 31.38 30.00 9/18/2026 No 11 66 None
ZBH Zimmer Biomet Holdings Inc Options Chain 1.05 4.10 0.98 5.00 0.20 0.39 0 1 -0.29 -0.06 95.81 90.00 9/18/2026 Yes 9 56 None
KO Coca-Cola Company Options Chain 0.94 1.09 0.48 2.50 0.19 0.22 994 202 -0.25 -0.02 86.88 82.50 9/18/2026 No 12 67 None
BWA BorgWarner Inc Options Chain 1.75 2.00 0.48 2.50 0.19 0.48 1 0 -0.28 -0.04 63.04 57.50 9/18/2026 Yes 12 55 None
T AT&T Inc Options Chain 0.36 0.39 0.19 1.00 0.19 0.29 138 99 -0.26 -0.01 23.38 22.00 9/18/2026 No 14 70 None
MMM 3M Company Options Chain 2.30 2.66 0.94 5.00 0.19 0.27 46 17 -0.24 -0.06 181.45 170.00 9/18/2026 No 7 57 None
JNJ Johnson & Johnson Options Chain 3.30 3.60 1.81 10.00 0.18 0.26 94 199 -0.24 -0.08 254.93 240.00 9/18/2026 No 10 72 None
CLX Clorox Company Options Chain 1.55 1.80 0.90 5.00 0.18 0.35 7002 180 -0.19 -0.03 104.25 95.00 9/18/2026 Yes 8 48 None
KHC Kraft Heinz Company Options Chain 0.56 0.67 0.44 2.50 0.18 0.35 152 105 -0.26 -0.01 26.42 25.00 9/18/2026 Yes 8 58 None
WFC Wells Fargo & Company Options Chain 0.98 1.07 0.43 2.50 0.17 0.26 625 149 -0.22 -0.03 88.39 82.50 9/18/2026 No 15 74 None
INFY Infosys Ltd Options Chain 0.20 0.40 0.17 1.00 0.17 0.51 1 0 -0.18 0.00 12.21 11.00 9/18/2026 No 13 43 None
NKE Nike Inc - Class B Options Chain 0.69 0.73 0.42 2.50 0.17 0.38 369 616 -0.21 -0.02 42.60 37.50 9/18/2026 No 10 51 None
MO Altria Group Inc Options Chain 0.68 0.75 0.38 2.50 0.15 0.29 97 16 -0.19 -0.02 68.33 62.50 9/18/2026 No 8 57 None
JCI Johnson Controls International plc Options Chain 1.85 3.70 0.75 5.00 0.15 0.38 8 9 -0.23 -0.07 153.62 140.00 9/18/2026 No 8 58 None
F Ford Motor Company Options Chain 0.23 0.25 0.15 1.00 0.15 0.35 1634 203 -0.22 0.00 14.48 13.00 9/18/2026 No 9 47 None
MFC Manulife Financial Corp Options Chain 0.45 0.75 0.15 1.00 0.15 0.25 1 3 -0.22 -0.01 44.77 42.00 9/18/2026 Yes 17 67 None