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
FDS Factset Research Systems Inc Options Chain 10.50 12.60 3.90 10.00 0.39 0.52 3 0 -0.29 -0.24 306.07 290.00 10/16/2026 Yes 10 47 None
EQNR Equinor ASA Options Chain 0.80 1.15 0.38 1.00 0.38 0.38 20 4 -0.26 -0.03 43.58 40.00 10/16/2026 No 12 59 None
IP International Paper Company Options Chain 0.40 1.40 0.37 1.00 0.37 0.36 1 0 -0.28 -0.02 36.30 34.00 10/23/2026 No 6 60 None
IBM International Business Machines Corp Options Chain 6.00 8.70 1.80 5.00 0.36 0.41 1 8 -0.30 -0.14 231.70 220.00 10/23/2026 Yes 9 66 None
HD Home Depot Inc Options Chain 4.40 7.30 1.72 5.00 0.34 0.26 7 8 -0.28 -0.13 318.51 305.00 10/23/2026 No 8 61 None
AVGO Broadcom Inc Options Chain 8.15 9.60 1.65 5.00 0.33 0.36 57 196 -0.28 -0.18 364.23 335.00 10/23/2026 No 13 64 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.60 11.50 1.57 5.00 0.31 0.34 2 0 -0.30 -0.20 415.97 395.00 10/23/2026 Yes 20 61
Dividend Stock List
VST Vistra Corp Options Chain 3.00 6.80 1.54 5.00 0.31 0.43 10 36 -0.30 -0.09 144.22 135.00 10/23/2026 No 7 54 None
BHP BHP Group Ltd Options Chain 2.40 2.55 0.75 2.50 0.30 0.32 10 23 -0.30 -0.02 93.48 87.50 10/16/2026 No 8 58 None
ORCL Oracle Corp Options Chain 7.15 7.90 0.30 1.00 0.30 0.61 0 38 -0.30 -0.12 145.75 141.00 10/23/2026 Yes 9 60 None
MPC Marathon Petroleum Corp Options Chain 10.80 11.70 2.90 10.00 0.29 0.45 81 48 -0.27 -0.27 387.00 360.00 10/16/2026 No 12 62 None
QCOM Qualcomm Inc Options Chain 3.70 5.35 1.45 5.00 0.29 0.42 0 10 -0.26 -0.10 168.57 155.00 10/23/2026 No 10 63 None
TGT Target Corp Options Chain 2.78 3.65 0.67 2.50 0.27 0.30 4 10 -0.27 -0.07 163.36 155.00 10/23/2026 No 15 72 None
ADM Archer Daniels Midland Company Options Chain 1.70 1.90 0.67 2.50 0.27 0.33 58 19 -0.28 -0.04 85.52 80.00 10/16/2026 No 16 57 None
MSFT Microsoft Corporation Options Chain 9.40 10.00 1.32 5.00 0.26 0.26 15 12 -0.30 -0.22 496.82 490.00 10/23/2026 No 14 72 None
GLW Corning Inc Options Chain 4.75 5.35 1.25 5.00 0.25 0.57 7 1 -0.25 -0.11 144.13 130.00 10/23/2026 No 9 52 None
WMT Walmart Inc Options Chain 1.34 1.86 0.25 1.00 0.25 0.23 2 1 -0.27 -0.04 106.00 104.00 10/23/2026 No 8 56 None
IVZ Invesco Ltd Options Chain 0.65 0.90 0.25 1.00 0.25 0.34 22 1 -0.30 -0.02 31.72 31.00 10/16/2026 No 7 58 None
JCI Johnson Controls International plc Options Chain 2.45 3.10 1.20 5.00 0.24 0.30 1261 0 -0.29 -0.06 139.25 135.00 10/16/2026 No 10 63 None
BAC Bank Of America Corp Options Chain 0.97 1.13 0.23 1.00 0.23 0.25 6 0 -0.28 -0.02 62.63 60.00 10/23/2026 Yes 9 65 None
NTAP Netapp Inc Options Chain 3.90 7.10 1.15 5.00 0.23 0.47 70 71 -0.28 -0.11 180.77 170.00 10/16/2026 No 14 64 None
CRM Salesforce Inc Options Chain 5.00 7.60 1.12 5.00 0.22 0.38 0 18 -0.27 -0.15 256.93 245.00 10/23/2026 No 15 70 None
CVX Chevron Corp Options Chain 0.97 4.85 1.10 5.00 0.22 0.24 0 3 -0.24 -0.08 211.78 200.00 10/23/2026 No 13 77 None
ALLY Ally Financial Inc Options Chain 0.50 0.70 0.22 1.00 0.22 0.28 27 0 -0.24 -0.02 42.96 41.00 10/16/2026 Yes 15 78 None
KO Coca-Cola Company Options Chain 0.79 1.22 0.22 1.00 0.22 0.20 5 0 -0.26 -0.02 88.24 85.00 10/23/2026 Yes 9 61 None
NKE Nike Inc - Class B Options Chain 0.95 1.25 0.20 1.00 0.20 0.41 5 1 -0.28 -0.02 38.24 36.00 10/23/2026 Yes 14 59 None
EXC Exelon Corp Options Chain 0.50 0.75 0.20 1.00 0.20 0.20 2 0 -0.30 -0.01 43.97 43.00 10/16/2026 No 11 64 None
EIX Edison International Options Chain 1.05 1.15 0.45 2.50 0.18 0.44 331 38 -0.21 -0.02 55.19 50.00 10/16/2026 No 10 63 None
EPD Enterprise Products Partners L P Options Chain 0.32 0.72 0.18 1.00 0.18 0.20 9 6 -0.25 -0.01 39.36 38.00 10/23/2026 No 12 67 None
MCD McDonald`s Corp Options Chain 2.09 4.50 0.88 5.00 0.18 0.20 15 12 -0.28 -0.09 260.95 250.00 10/23/2026 No 12 66 None
CVE Cenovus Energy Inc Options Chain 0.35 0.75 0.17 1.00 0.17 0.37 535 10 -0.23 -0.02 32.81 30.00 10/16/2026 No 12 68 None
VTRS Viatris Inc Options Chain 0.10 0.50 0.17 1.00 0.17 0.32 5 8 -0.26 -0.01 16.94 16.00 10/16/2026 No 6 51 None
EQT EQT Corp Options Chain 0.62 1.35 0.17 1.00 0.17 0.28 8 0 -0.28 -0.03 55.75 53.00 10/23/2026 Yes 14 69 None
F Ford Motor Company Options Chain 0.25 0.41 0.08 0.50 0.16 0.34 4 14 -0.29 -0.01 14.14 13.50 10/23/2026 Yes 9 48 None
BCS Barclays plc Options Chain 0.30 0.45 0.15 1.00 0.15 0.31 2 0 -0.20 -0.01 26.20 25.00 10/16/2026 No 15 57 None
HBAN Huntington Bancshares Inc Options Chain 0.20 0.35 0.15 1.00 0.15 0.28 103 21 -0.25 -0.01 16.88 16.00 10/16/2026 Yes 9 57 None
KEY Keycorp Options Chain 0.25 0.35 0.15 1.00 0.15 0.25 74 49 -0.26 -0.01 21.65 21.00 10/16/2026 Yes 14 68 None