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
USB U.S. Bancorp. Options Chain 0.50 1.38 0.38 1.00 0.38 0.25 0 3 -0.27 -0.02 64.12 61.00 9/25/2026 No 13 65 None
GLW Corning Inc Options Chain 7.20 9.20 1.87 5.00 0.37 0.74 11 7 -0.27 -0.17 161.24 145.00 9/25/2026 No 9 54 None
ALLY Ally Financial Inc Options Chain 0.60 1.30 0.37 1.00 0.37 0.31 0 1 -0.30 -0.02 44.06 42.00 9/18/2026 No 15 78 None
WMT Walmart Inc Options Chain 1.60 3.40 0.36 1.00 0.36 0.31 0 3 -0.30 -0.04 111.92 106.00 9/25/2026 Yes 10 59 None
PCG PG&E Corp Options Chain 0.62 0.79 0.17 0.50 0.34 0.49 0 6 -0.30 -0.02 17.46 16.50 9/25/2026 No 9 50 None
EQT EQT Corp Options Chain 0.65 0.84 0.33 1.00 0.33 0.25 5 0 -0.28 -0.02 51.69 50.00 9/25/2026 No 15 69 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.10 12.40 1.57 5.00 0.31 0.41 11 3 -0.29 -0.26 420.04 395.00 9/25/2026 No 23 65
Dividend Stock List
QCOM Qualcomm Inc Options Chain 5.15 5.80 1.53 5.00 0.31 0.52 21 9 -0.26 -0.11 168.18 150.00 9/25/2026 No 12 71 None
VZ Verizon Communications Inc Options Chain 0.64 1.00 0.30 1.00 0.30 0.25 0 2 -0.30 -0.02 46.96 45.00 9/25/2026 No 10 73 None
NKE Nike Inc - Class B Options Chain 0.84 1.37 0.29 1.00 0.29 0.36 7 6 -0.29 -0.02 41.70 39.00 9/25/2026 No 13 59 None
BHP BHP Group Ltd Options Chain 2.10 2.25 0.65 2.50 0.26 0.42 1 0 -0.25 -0.04 90.41 82.50 9/18/2026 Yes 9 57 None
MO Altria Group Inc Options Chain 0.95 1.55 0.24 1.00 0.24 0.25 2 0 -0.29 -0.02 68.35 64.00 9/25/2026 No 8 57 None
KDP Keurig Dr Pepper Inc Options Chain 0.45 0.55 0.22 1.00 0.22 0.27 15 2 -0.28 -0.01 30.06 28.00 9/18/2026 Yes 9 51 None
VST Vistra Corp Options Chain 2.97 4.80 1.09 5.00 0.22 0.47 0 16 -0.26 -0.09 140.59 130.00 9/25/2026 Yes 6 56 None
TFC Truist Financial Corporation Options Chain 0.80 1.05 0.50 2.50 0.20 0.25 8 0 -0.30 -0.01 52.35 50.00 9/18/2026 No 11 66 None
KO Coca-Cola Company Options Chain 0.78 1.03 0.20 1.00 0.20 0.20 1 1 -0.26 -0.02 87.16 83.00 9/25/2026 No 9 61 None
IVZ Invesco Ltd Options Chain 0.60 0.75 0.20 1.00 0.20 0.33 1 0 -0.27 -0.01 32.17 30.00 9/18/2026 No 8 59 None
KHC Kraft Heinz Company Options Chain 0.52 0.63 0.10 0.50 0.20 0.26 10 0 -0.25 -0.01 25.32 23.50 9/25/2026 No 8 58 None
OKE Oneok Inc Options Chain 1.50 1.70 0.97 5.00 0.19 0.27 5 7 -0.30 -0.04 87.00 85.00 9/18/2026 No 13 74 None
GIS General Mills Inc Options Chain 0.60 0.65 0.45 2.50 0.18 0.31 311 49 -0.27 -0.02 36.89 35.00 9/18/2026 Yes 5 53 None
KMI Kinder Morgan Inc - Class P Options Chain 0.32 0.65 0.18 1.00 0.18 0.23 0 1 -0.29 -0.01 30.85 30.00 9/25/2026 No 13 67 None
CVX Chevron Corp Options Chain 2.45 3.15 0.80 5.00 0.16 0.27 6 4 -0.24 -0.04 186.56 180.00 9/25/2026 No 11 69 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.05 0.75 5.00 0.15 0.34 1177 51 -0.26 -0.03 52.96 50.00 9/18/2026 No 8 55 None
INFY Infosys Ltd Options Chain 0.20 0.30 0.15 1.00 0.15 0.57 5 0 -0.21 -0.01 12.53 11.00 9/18/2026 No 15 50 None