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
ORCL Oracle Corp Options Chain 7.25 7.40 1.68 5.00 0.34 0.75 521 496 -0.29 -0.13 127.56 115.00 9/18/2026 Yes 7 63 None
CRM Salesforce Inc Options Chain 7.05 7.25 1.60 5.00 0.32 0.50 36 53 -0.30 -0.13 180.71 170.00 9/18/2026 Yes 15 70 None
QCOM Qualcomm Inc Options Chain 5.90 6.35 1.53 5.00 0.31 0.57 303 309 -0.29 -0.11 151.60 135.00 9/18/2026 Yes 11 64 None
EQNR Equinor ASA Options Chain 1.05 1.20 0.30 1.00 0.30 0.39 2 0 -0.28 -0.02 40.73 38.00 9/18/2026 No 10 50 None
DAL Delta Air Lines Inc Options Chain 2.48 2.67 0.72 2.50 0.29 0.41 92 20 -0.29 -0.05 88.59 82.50 9/18/2026 No 14 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.50 11.95 2.73 10.00 0.27 0.48 43 88 -0.26 -0.25 403.31 370.00 9/18/2026 No 20 61
Dividend Stock List
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.60 1.85 0.68 2.50 0.27 0.48 3 13 -0.27 -0.03 53.90 50.00 9/18/2026 No 13 53 None
COST Costco Wholesale Corp Options Chain 13.95 15.40 1.35 5.00 0.27 0.23 12 43 -0.28 -0.36 954.17 915.00 9/18/2026 No 15 61 None
PAAS Pan American Silver Corp Options Chain 1.50 1.70 0.27 1.00 0.27 0.54 2 2 -0.28 -0.03 44.03 39.00 9/18/2026 Yes 13 55 None
APH Amphenol Corp - Class A Options Chain 4.80 5.30 1.30 5.00 0.26 0.52 20 9 -0.26 -0.11 159.82 145.00 9/18/2026 No 8 58 None
HAL Halliburton Company Options Chain 0.78 0.80 0.26 1.00 0.26 0.36 2 19 -0.29 -0.01 31.64 30.00 9/18/2026 No 10 50 None
CVE Cenovus Energy Inc Options Chain 0.75 0.80 0.25 1.00 0.25 0.39 5 1 -0.28 -0.02 30.32 28.00 9/18/2026 No 14 66 None
RIO Rio Tinto plc Options Chain 2.20 2.40 0.62 2.50 0.25 0.34 279 1 -0.26 -0.02 97.18 90.00 9/18/2026 No 10 71 None
DPZ Dominos Pizza Inc Options Chain 6.40 7.50 2.40 10.00 0.24 0.37 1 0 -0.24 -0.15 352.25 320.00 9/18/2026 No 9 53 None
SIRI Sirius XM Holdings Inc Options Chain 0.62 0.77 0.24 1.00 0.24 0.33 2 0 -0.29 -0.01 30.97 28.00 9/18/2026 Yes 11 62 None
AU AngloGold Ashanti Plc. Options Chain 2.10 2.50 1.17 5.00 0.23 0.48 12 0 -0.27 -0.04 82.33 70.00 9/18/2026 Yes 16 65
Dividend Stock List
IVZ Invesco Ltd Options Chain 0.50 0.65 0.23 1.00 0.23 0.37 0 10 -0.22 -0.01 29.42 27.00 9/18/2026 No 7 56 None
XOM Exxon Mobil Corp Options Chain 2.83 2.96 1.15 5.00 0.23 0.30 101 234 -0.28 -0.05 156.97 145.00 9/18/2026 Yes 11 70 None
C Citigroup Inc Options Chain 2.73 2.82 1.12 5.00 0.22 0.32 50 126 -0.28 -0.06 132.32 125.00 9/18/2026 No 17 78 None
WMT Walmart Inc Options Chain 2.22 2.24 1.11 5.00 0.22 0.31 400 300 -0.27 -0.05 111.10 105.00 9/18/2026 Yes 10 59 None
EQT EQT Corp Options Chain 0.81 0.83 0.55 2.50 0.22 0.27 240 1 -0.26 -0.02 52.71 50.00 9/18/2026 No 15 69 None
VZ Verizon Communications Inc Options Chain 0.68 0.73 0.22 1.00 0.22 0.26 184 842 -0.26 -0.02 46.11 44.00 9/18/2026 No 8 64 None
ALLY Ally Financial Inc Options Chain 0.80 0.90 0.22 1.00 0.22 0.30 0 10 -0.27 -0.02 43.48 41.00 9/18/2026 No 15 72 None
NVO Novo Nordisk Options Chain 1.08 1.12 0.53 2.50 0.21 0.42 415 1280 -0.25 -0.02 51.61 42.50 9/18/2026 Yes 13 52 None
T AT&T Inc Options Chain 0.41 0.45 0.21 1.00 0.21 0.28 64 87 -0.27 -0.01 23.21 22.00 9/18/2026 No 10 60 None
HPE Hewlett Packard Enterprise Company Options Chain 2.37 3.20 0.21 1.00 0.21 0.78 1 91 -0.29 -0.05 47.57 42.00 9/18/2026 Yes 8 51 None
TROW T. Rowe Price Group Inc Options Chain 1.90 2.25 1.03 5.00 0.21 0.31 38 154 -0.27 -0.04 119.28 105.00 9/18/2026 Yes 20 68
Dividend Stock List
NTR Nutrien Ltd Options Chain 1.10 1.35 0.50 2.50 0.20 0.32 0 1 -0.26 -0.03 70.72 65.00 9/18/2026 Yes 11 64 None
CMCSA Comcast Corp - Class A Options Chain 0.51 0.54 0.30 1.50 0.20 0.35 68 25 -0.27 -0.01 23.67 22.50 9/18/2026 No 15 68 None
COP Conoco Phillips Options Chain 1.98 2.14 0.98 5.00 0.20 0.33 35 2 -0.24 -0.04 119.03 110.00 9/18/2026 Yes 7 69 None
DVN Devon Energy Corp Options Chain 0.78 0.85 0.47 2.50 0.19 0.41 49 0 -0.22 -0.02 44.17 40.00 9/18/2026 Yes 10 60 None
EIX Edison International Options Chain 1.30 1.90 0.47 2.50 0.19 0.32 9 67 -0.29 -0.04 78.73 70.00 9/18/2026 Yes 13 73 None
FCX Freeport-McMoRan Inc Options Chain 1.58 1.73 0.92 5.00 0.18 0.53 57 25 -0.23 -0.04 63.44 55.00 9/18/2026 No 10 58 None
CGNX Cognex Corp Options Chain 2.25 2.50 0.90 5.00 0.18 0.72 1 0 -0.22 -0.05 62.62 55.00 9/18/2026 Yes 14 58 None
KEY Keycorp Options Chain 0.25 0.40 0.18 1.00 0.18 0.28 1 0 -0.22 -0.01 22.61 21.00 9/18/2026 No 10 59 None
KO Coca-Cola Company Options Chain 0.91 1.03 0.44 2.50 0.18 0.22 124 76 -0.23 -0.03 88.30 82.50 9/18/2026 No 11 67 None
USB U.S. Bancorp. Options Chain 0.80 0.93 0.41 2.50 0.16 0.24 3 4 -0.25 -0.02 62.31 60.00 9/18/2026 No 13 65 None
NKE Nike Inc - Class B Options Chain 0.69 0.71 0.40 2.50 0.16 0.38 51 42 -0.20 -0.02 42.29 37.50 9/18/2026 No 14 59 None
CLX Clorox Company Options Chain 1.25 1.50 0.78 5.00 0.16 0.37 16 2 -0.17 -0.03 96.73 85.00 9/18/2026 Yes 14 55 None
DEO Diageo plc Options Chain 1.25 1.45 0.77 5.00 0.15 0.36 5 1 -0.20 -0.04 89.06 80.00 9/18/2026 Yes 10 58 None
BCS Barclays plc Options Chain 0.45 0.55 0.15 1.00 0.15 0.35 0 1 -0.24 -0.01 27.70 25.00 9/18/2026 No 18 62 None
PCG PG&E Corp Options Chain 0.43 0.46 0.15 1.00 0.15 0.43 10 14 -0.25 -0.01 17.78 16.00 9/18/2026 No 13 61 None