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
HPE Hewlett Packard Enterprise Company Options Chain 3.40 4.35 0.75 1.00 0.75 0.89 0 69 -0.30 -0.07 52.39 49.00 9/18/2026 Yes 8 52 None
ORCL Oracle Corp Options Chain 7.80 8.00 1.80 5.00 0.36 0.75 478 89 -0.29 -0.16 145.74 130.00 9/18/2026 Yes 9 63 None
QCOM Qualcomm Inc Options Chain 6.05 6.25 1.67 5.00 0.33 0.56 104 269 -0.30 -0.12 162.67 145.00 9/18/2026 No 11 64 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.80 14.30 3.25 10.00 0.33 0.45 88 94 -0.30 -0.27 417.17 390.00 9/18/2026 No 23 65
Dividend Stock List
VST Vistra Corp Options Chain 5.45 5.65 1.57 5.00 0.31 0.55 91 33 -0.29 -0.12 143.23 130.00 9/18/2026 Yes 6 56 None
HPQ HP Inc Options Chain 1.02 1.07 0.31 1.00 0.31 0.57 51 390 -0.26 -0.02 28.82 26.00 9/18/2026 Yes 12 45 None
RIO Rio Tinto plc Options Chain 2.50 2.70 0.77 2.50 0.31 0.33 83 3 -0.28 -0.03 99.01 95.00 9/18/2026 No 8 62 None
BKNG Booking Holdings Inc Options Chain 4.40 5.10 0.60 2.00 0.30 0.40 19 36 -0.27 -0.11 194.27 192.00 9/18/2026 Yes 14 63 None
IVZ Invesco Ltd Options Chain 0.60 0.75 0.30 1.00 0.30 0.34 7 0 -0.28 -0.01 32.00 30.00 9/18/2026 No 8 59 None
LLY Lilly(Eli) & Company Options Chain 29.45 32.55 2.97 10.00 0.30 0.36 29 47 -0.30 -0.66 1,115.68 1,100.00 9/18/2026 Yes 13 67 None
NEM Newmont Corp Options Chain 2.73 3.25 0.73 2.50 0.29 0.43 244 540 -0.27 -0.07 97.73 97.50 9/18/2026 No 14 64 None
APH Amphenol Corp - Class A Options Chain 5.60 6.10 1.40 5.00 0.28 0.52 16 37 -0.28 -0.13 171.33 160.00 9/18/2026 No 8 58 None
BHP BHP Group Ltd Options Chain 2.40 2.60 0.70 2.50 0.28 0.41 0 41 -0.29 -0.04 87.46 82.50 9/18/2026 Yes 9 57 None
IBM International Business Machines Corp Options Chain 5.60 5.95 1.38 5.00 0.28 0.40 119 294 -0.27 -0.12 235.15 220.00 9/18/2026 No 9 66 None
CRM Salesforce Inc Options Chain 5.75 5.95 1.37 5.00 0.27 0.51 69 49 -0.26 -0.13 190.99 175.00 9/18/2026 Yes 15 70 None
ITT ITT Inc Options Chain 5.30 6.20 1.35 5.00 0.27 0.44 4056 4000 -0.28 -0.11 204.65 190.00 9/18/2026 Yes 10 62 None
EQNR Equinor ASA Options Chain 0.90 1.00 0.27 1.00 0.27 0.39 34 0 -0.29 -0.02 39.17 36.00 9/18/2026 No 10 50 None
DAL Delta Air Lines Inc Options Chain 2.18 2.22 0.67 2.50 0.27 0.39 113 65 -0.26 -0.05 92.77 87.50 9/18/2026 No 13 67 None
VZ Verizon Communications Inc Options Chain 0.84 0.90 0.26 1.00 0.26 0.27 356 161 -0.30 -0.02 46.88 44.00 9/18/2026 No 8 64 None
NVO Novo Nordisk Options Chain 1.10 1.14 0.64 2.50 0.26 0.35 194 381 -0.30 -0.02 44.28 42.50 9/18/2026 Yes 17 60 None
ALLY Ally Financial Inc Options Chain 0.85 0.95 0.25 1.00 0.25 0.29 1 3 -0.29 -0.02 44.99 43.00 9/18/2026 No 15 72 None
AU AngloGold Ashanti Plc. Options Chain 2.30 2.95 1.23 5.00 0.25 0.50 14 20 -0.26 -0.06 81.50 80.00 9/18/2026 Yes 16 65
Dividend Stock List
MCD McDonald`s Corp Options Chain 3.50 3.85 1.21 5.00 0.24 0.23 148 391 -0.26 -0.08 268.34 260.00 9/18/2026 Yes 9 53 None
NTR Nutrien Ltd Options Chain 1.10 1.45 0.60 2.50 0.24 0.34 2 10 -0.25 -0.03 66.92 62.50 9/18/2026 Yes 16 72 None
DVN Devon Energy Corp Options Chain 1.00 1.10 0.60 2.50 0.24 0.37 297 13 -0.29 -0.02 44.05 40.00 9/18/2026 Yes 7 51 None
PCG PG&E Corp Options Chain 0.61 0.66 0.24 1.00 0.24 0.53 21 141 -0.30 -0.01 17.45 16.00 9/18/2026 No 13 59 None
TGT Target Corp Options Chain 2.98 3.15 1.16 5.00 0.23 0.39 63 32 -0.24 -0.07 148.11 135.00 9/18/2026 Yes 9 64 None
KGC Kinross Gold Corp Options Chain 0.62 0.68 0.23 1.00 0.23 0.49 3 23 -0.24 -0.02 23.60 23.00 9/18/2026 No 19 52 None
PAAS Pan American Silver Corp Options Chain 1.65 2.00 0.23 1.00 0.23 0.56 4 5 -0.29 -0.04 44.91 44.00 9/18/2026 Yes 19 64 None
UNH Unitedhealth Group Inc Options Chain 6.80 7.25 2.28 10.00 0.23 0.30 197 64 -0.26 -0.17 407.55 390.00 9/18/2026 No 12 63 None
TROW T. Rowe Price Group Inc Options Chain 2.10 2.55 1.13 5.00 0.23 0.30 28 1022 -0.29 -0.04 115.79 110.00 9/18/2026 No 21 69
Dividend Stock List
CDW CDW Corp Options Chain 2.90 4.20 1.12 5.00 0.22 0.51 3 5 -0.25 -0.08 154.00 125.00 9/18/2026 Yes 11 51 None
APA APA Corporation Options Chain 0.99 1.06 0.56 2.50 0.22 0.47 28 0 -0.28 -0.03 35.80 32.50 9/18/2026 Yes 10 55 None
CSCO Cisco Systems Inc Options Chain 2.70 2.92 1.06 5.00 0.21 0.48 113 149 -0.22 -0.08 121.74 110.00 9/18/2026 Yes 7 58 None
LUV Southwest Airlines Company Options Chain 1.09 1.16 0.53 2.50 0.21 0.42 51 48 -0.25 -0.03 48.70 45.00 9/18/2026 No 12 60 None
WFC Wells Fargo & Company Options Chain 1.29 1.37 0.53 2.50 0.21 0.25 71 34 -0.28 -0.03 88.39 85.00 9/18/2026 No 15 74 None
KMI Kinder Morgan Inc - Class P Options Chain 0.43 0.46 0.21 1.00 0.21 0.23 218 110 -0.29 -0.01 31.38 30.00 9/18/2026 No 11 66 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.55 1.95 0.52 2.50 0.21 0.46 189 103 -0.29 -0.03 61.04 55.00 9/18/2026 No 7 53 None
DOW Dow Inc Options Chain 0.81 0.87 0.52 2.50 0.21 0.42 331 89 -0.29 -0.01 30.33 27.50 9/18/2026 No 8 56 None
JPM JPMorgan Chase & Company Options Chain 4.15 4.55 1.02 5.00 0.20 0.22 41 107 -0.25 -0.13 357.52 345.00 9/18/2026 No 12 80 None
WMT Walmart Inc Options Chain 1.81 1.88 1.02 5.00 0.20 0.31 284 128 -0.25 -0.05 111.55 105.00 9/18/2026 Yes 10 59 None
KEY Keycorp Options Chain 0.35 0.45 0.20 1.00 0.20 0.27 0 34 -0.28 -0.01 23.10 22.00 9/18/2026 No 10 59 None
C Citigroup Inc Options Chain 2.18 2.34 0.99 5.00 0.20 0.31 359 139 -0.24 -0.07 136.87 130.00 9/18/2026 No 14 69 None
ZTS Zoetis Inc - Class A Options Chain 1.25 1.55 0.95 5.00 0.19 0.49 101 10 -0.19 -0.04 76.04 65.00 9/18/2026 Yes 11 56 None
STM ST Microelectronics Options Chain 1.60 1.70 0.95 5.00 0.19 0.68 4 0 -0.20 -0.04 54.22 45.00 9/18/2026 No 13 54 None
PPL PPL Corp Options Chain 0.35 0.60 0.18 1.00 0.18 0.22 120 0 -0.25 -0.01 35.18 33.00 9/18/2026 Yes 9 67 None
AZN Astrazeneca plc Options Chain 2.15 2.40 0.88 5.00 0.18 0.31 11 48 -0.22 -0.06 155.62 150.00 9/18/2026 No 14 69 None
AA Alcoa Corp Options Chain 0.99 1.20 0.34 2.00 0.17 0.53 30 20 -0.22 -0.03 46.83 42.00 9/18/2026 No 18 52 None
BCS Barclays plc Options Chain 0.40 0.50 0.17 1.00 0.17 0.34 1 1 -0.23 -0.01 28.02 26.00 9/18/2026 No 18 62 None
MFC Manulife Financial Corp Options Chain 0.60 0.80 0.17 1.00 0.17 0.26 0 29 -0.28 -0.01 44.77 42.00 9/18/2026 Yes 17 68 None
NYT New York Times Co. - Class A Options Chain 1.15 1.50 0.85 5.00 0.17 0.36 7 2 -0.24 -0.04 75.61 60.00 9/18/2026 Yes 12 54 None
BMY Bristol-Myers Squibb Company Options Chain 0.89 0.96 0.42 2.50 0.17 0.29 69 10 -0.25 -0.03 65.89 60.00 9/18/2026 No 16 70 None
XOM Exxon Mobil Corp Options Chain 1.71 1.87 0.83 5.00 0.17 0.30 127 57 -0.20 -0.05 153.96 140.00 9/18/2026 No 11 72 None
DEO Diageo plc Options Chain 1.40 1.65 0.83 5.00 0.17 0.40 5 87 -0.21 -0.05 87.83 80.00 9/18/2026 Yes 11 59 None
FCX Freeport-McMoRan Inc Options Chain 1.34 1.43 0.81 5.00 0.16 0.54 471 947 -0.18 -0.04 67.30 60.00 9/18/2026 No 9 63 None
NKE Nike Inc - Class B Options Chain 0.63 0.66 0.39 2.50 0.16 0.39 51 32 -0.21 -0.02 41.53 37.50 9/18/2026 No 10 51 None
KO Coca-Cola Company Options Chain 0.81 0.87 0.39 2.50 0.16 0.21 170 567 -0.23 -0.02 86.56 82.50 9/18/2026 No 12 67 None
BAC Bank Of America Corp Options Chain 0.66 0.71 0.38 2.50 0.15 0.23 609 927 -0.24 -0.02 62.90 60.00 9/18/2026 No 12 74 None
F Ford Motor Company Options Chain 0.21 0.24 0.15 1.00 0.15 0.34 1182 33 -0.22 0.00 14.24 13.00 9/18/2026 No 9 47 None
EXC Exelon Corp Options Chain 0.45 0.60 0.15 1.00 0.15 0.23 4 2 -0.25 -0.01 45.84 43.00 9/18/2026 No 8 57 None