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
DAL Delta Air Lines Inc Options Chain 1.77 2.43 0.57 1.00 0.57 0.44 2 0 -0.28 -0.06 82.50 77.00 10/30/2026 Yes 13 67 None
COP Conoco Phillips Options Chain 2.18 2.82 0.39 1.00 0.39 0.32 0 1 -0.29 -0.06 127.53 121.00 10/30/2026 No 13 77 None
ORCL Oracle Corp Options Chain 5.25 5.50 0.35 1.00 0.35 0.52 3 33 -0.30 -0.12 148.56 139.00 10/30/2026 No 12 69 None
CSCO Cisco Systems Inc Options Chain 1.93 2.07 0.34 1.00 0.34 0.32 39 2 -0.28 -0.05 111.46 100.00 10/30/2026 No 10 67 None
APA APA Corporation Options Chain 1.05 1.37 0.34 1.00 0.34 0.47 38 0 -0.28 -0.03 43.81 40.00 10/30/2026 No 14 70 None
HPQ HP Inc Options Chain 0.87 1.17 0.17 0.50 0.34 0.50 3 0 -0.28 -0.03 32.95 30.00 10/30/2026 No 10 46 None
XOM Exxon Mobil Corp Options Chain 2.74 3.60 0.85 2.50 0.34 0.31 3 25 -0.30 -0.09 158.42 152.50 10/30/2026 Yes 13 73 None
IBM International Business Machines Corp Options Chain 5.75 6.65 1.55 5.00 0.31 0.45 27 17 -0.27 -0.17 231.93 215.00 10/30/2026 Yes 9 66 None
NKE Nike Inc - Class B Options Chain 1.05 1.11 0.31 1.00 0.31 0.45 61 10 -0.29 -0.03 36.10 34.00 10/30/2026 Yes 13 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.95 9.20 1.50 5.00 0.30 0.33 74 17 -0.29 -0.25 445.14 425.00 10/30/2026 Yes 20 61
Dividend Stock List
VZ Verizon Communications Inc Options Chain 0.79 0.93 0.29 1.00 0.29 0.26 27 9 -0.28 -0.01 47.82 45.00 10/30/2026 No 10 73 None
SCHW Charles Schwab Corp Options Chain 1.70 2.03 0.29 1.00 0.29 0.31 38 50 -0.28 -0.05 106.88 96.00 10/30/2026 Yes 12 64 None
WFC Wells Fargo & Company Options Chain 1.71 1.85 0.29 1.00 0.29 0.31 147 5 -0.30 -0.05 86.54 80.00 10/30/2026 Yes 15 74 None
WMT Walmart Inc Options Chain 1.34 1.70 0.28 1.00 0.28 0.23 2 3 -0.30 -0.04 107.41 105.00 10/30/2026 No 9 59 None
TSCO Tractor Supply Company Options Chain 0.80 1.05 0.28 1.00 0.28 0.45 2 11 -0.30 -0.02 32.33 31.00 10/30/2026 Yes 5 50 None
T AT&T Inc Options Chain 0.47 0.56 0.14 0.50 0.28 0.29 23 172 -0.28 -0.01 25.45 24.00 10/30/2026 Yes 11 58 None
QCOM Qualcomm Inc Options Chain 5.10 5.55 1.38 5.00 0.28 0.51 10 48 -0.25 -0.15 194.23 180.00 10/30/2026 No 10 63 None
EPD Enterprise Products Partners L P Options Chain 0.27 0.82 0.26 1.00 0.26 0.22 3 0 -0.28 -0.01 38.47 37.00 10/30/2026 Yes 9 59 None
OXY Occidental Petroleum Corp Options Chain 1.01 1.16 0.25 1.00 0.25 0.33 15 0 -0.28 -0.03 57.31 54.00 10/30/2026 No 10 55 None
CRM Salesforce Inc Options Chain 4.65 5.05 1.22 5.00 0.24 0.40 11 19 -0.26 -0.15 236.42 215.00 10/30/2026 No 10 63 None
NVO Novo Nordisk Options Chain 0.61 0.70 0.24 1.00 0.24 0.33 106 695 -0.24 -0.02 39.80 37.00 10/30/2026 No 14 57 None
CMCSA Comcast Corp - Class A Options Chain 0.41 0.52 0.24 1.00 0.24 0.37 9 3 -0.25 -0.01 22.93 21.00 10/30/2026 Yes 15 69 None
LUV Southwest Airlines Company Options Chain 1.08 1.32 0.24 1.00 0.24 0.49 0 2 -0.27 -0.04 41.77 39.00 10/30/2026 Yes 10 54 None
C Citigroup Inc Options Chain 2.34 3.00 0.24 1.00 0.24 0.34 2 2 -0.29 -0.07 135.05 125.00 10/30/2026 Yes 14 69 None
BMY Bristol-Myers Squibb Company Options Chain 0.98 1.19 0.23 1.00 0.23 0.31 2 0 -0.26 -0.02 62.62 59.00 10/30/2026 Yes 16 70 None
BAC Bank Of America Corp Options Chain 0.87 0.93 0.23 1.00 0.23 0.28 23 8 -0.28 -0.03 57.96 54.00 10/30/2026 Yes 9 65 None
DVN Devon Energy Corp Options Chain 0.90 1.13 0.23 1.00 0.23 0.35 1 10 -0.28 -0.02 47.59 45.00 10/30/2026 No 10 57 None
CVX Chevron Corp Options Chain 2.95 3.60 1.13 5.00 0.23 0.28 0 23 -0.28 -0.09 203.67 195.00 10/30/2026 Yes 13 77 None
DOW Dow Inc Options Chain 0.54 0.72 0.22 1.00 0.22 0.45 6 0 -0.24 -0.02 28.27 26.00 10/30/2026 Yes 8 54 None
AA Alcoa Corp Options Chain 0.93 1.57 0.22 1.00 0.22 0.47 0 7 -0.28 -0.04 44.64 41.00 10/30/2026 Yes 16 49 None
MCD McDonald`s Corp Options Chain 2.18 2.89 1.08 5.00 0.22 0.22 72 38 -0.24 -0.09 247.88 240.00 10/30/2026 No 12 67 None
F Ford Motor Company Options Chain 0.20 0.23 0.10 0.50 0.20 0.38 65 7 -0.22 -0.01 13.17 12.00 10/30/2026 Yes 9 49 None
KHC Kraft Heinz Company Options Chain 0.30 0.41 0.10 0.50 0.20 0.29 3 5 -0.25 -0.01 24.37 23.00 10/30/2026 No 7 57 None
JPM JPMorgan Chase & Company Options Chain 4.10 4.60 0.97 5.00 0.19 0.28 76 60 -0.25 -0.11 352.04 320.00 10/30/2026 Yes 11 80 None
KO Coca-Cola Company Options Chain 0.95 1.00 0.19 1.00 0.19 0.21 84 87 -0.26 -0.03 87.12 85.00 10/30/2026 Yes 11 67 None
KMI Kinder Morgan Inc - Class P Options Chain 0.40 0.50 0.18 1.00 0.18 0.27 1 0 -0.25 -0.01 31.73 30.00 10/30/2026 Yes 13 67 None
USB U.S. Bancorp. Options Chain 0.89 1.05 0.18 1.00 0.18 0.29 23 0 -0.27 -0.02 60.26 56.00 10/30/2026 Yes 12 65 None
HPE Hewlett Packard Enterprise Company Options Chain 2.02 2.69 0.16 1.00 0.16 0.61 5 15 -0.28 -0.06 61.75 56.00 10/30/2026 No 9 54 None