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
KGC Kinross Gold Corp Options Chain 0.67 0.94 0.24 0.50 0.48 0.54 1 0 -0.28 -0.02 23.44 22.50 8/28/2026 Yes 14 53 None
DOW Dow Inc Options Chain 0.72 1.41 0.43 1.00 0.43 0.52 22 0 -0.29 -0.02 30.48 29.00 8/28/2026 Yes 6 53 None
GLW Corning Inc Options Chain 8.35 9.60 1.80 5.00 0.36 0.94 27 23 -0.27 -0.22 164.12 135.00 8/28/2026 Yes 8 52 None
QCOM Qualcomm Inc Options Chain 7.30 9.25 1.78 5.00 0.36 0.72 1 0 -0.29 -0.20 172.98 160.00 8/28/2026 Yes 14 72 None
BMY Bristol-Myers Squibb Company Options Chain 0.90 1.19 0.33 1.00 0.33 0.34 3 1 -0.26 -0.04 60.93 57.00 8/28/2026 Yes 15 61 None
NVO Novo Nordisk Options Chain 1.39 1.50 0.33 1.00 0.33 0.47 15 14 -0.30 -0.04 49.35 45.00 8/28/2026 Yes 13 51 None
AVGO Broadcom Inc Options Chain 13.15 15.20 1.65 5.00 0.33 0.54 13 12 -0.30 -0.34 384.42 370.00 8/28/2026 No 13 64 None
IBM International Business Machines Corp Options Chain 6.05 6.40 1.60 5.00 0.32 0.49 359 38 -0.28 -0.13 211.15 190.00 8/28/2026 Yes 14 73 None
DELL Dell Technologies Inc - Class C Options Chain 24.50 27.50 1.60 5.00 0.32 0.84 53 4 -0.30 -0.60 428.48 400.00 8/28/2026 Yes 11 52 None
JNJ Johnson & Johnson Options Chain 3.35 5.00 1.58 5.00 0.32 0.26 36 5 -0.29 -0.10 250.61 245.00 8/28/2026 No 8 66 None
HPE Hewlett Packard Enterprise Company Options Chain 2.29 2.61 0.31 1.00 0.31 0.75 7 9 -0.29 -0.06 48.86 44.00 8/28/2026 No 8 51 None
COP Conoco Phillips Options Chain 2.15 3.05 0.31 1.00 0.31 0.34 5 0 -0.30 -0.06 117.50 113.00 8/28/2026 Yes 9 77 None
APA APA Corporation Options Chain 0.83 1.08 0.30 1.00 0.30 0.50 11 2 -0.25 -0.03 35.77 33.00 8/28/2026 Yes 10 55 None
NKE Nike Inc - Class B Options Chain 0.94 1.11 0.30 1.00 0.30 0.38 70 34 -0.30 -0.03 42.98 40.00 8/28/2026 No 14 58 None
F Ford Motor Company Options Chain 0.36 0.45 0.15 0.50 0.30 0.42 11 4 -0.29 -0.01 14.26 13.50 8/28/2026 Yes 8 47 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.00 14.35 1.45 5.00 0.29 0.53 314 35 -0.28 -0.36 424.76 390.00 8/28/2026 No 20 61
Dividend Stock List
COST Costco Wholesale Corp Options Chain 10.60 15.20 1.45 5.00 0.29 0.23 5 0 -0.29 -0.35 928.15 895.00 8/28/2026 No 15 60 None
TSCO Tractor Supply Company Options Chain 0.75 1.10 0.28 1.00 0.28 0.53 2 7 -0.26 -0.02 29.75 27.00 8/28/2026 Yes 7 47 None
AA Alcoa Corp Options Chain 1.40 1.58 0.28 1.00 0.28 0.58 9 0 -0.26 -0.04 44.41 42.00 8/28/2026 No 17 52 None
GM General Motors Company Options Chain 1.49 2.10 0.28 1.00 0.28 0.36 5 0 -0.29 -0.05 79.60 78.00 8/28/2026 Yes 8 60 None
EQT EQT Corp Options Chain 0.74 0.89 0.26 1.00 0.26 0.30 0 43 -0.25 -0.02 50.47 51.00 8/28/2026 Yes 17 72 None
JPM JPMorgan Chase & Company Options Chain 4.25 5.40 1.28 5.00 0.26 0.25 39 43 -0.28 -0.17 345.25 335.00 8/28/2026 No 9 69 None
DHR Danaher Corp Options Chain 3.20 4.40 1.27 5.00 0.25 0.35 1 3 -0.28 -0.11 179.01 170.00 8/28/2026 Yes 12 60 None
RTX RTX Corp Options Chain 3.30 4.45 1.27 5.00 0.25 0.32 0 3 -0.29 -0.10 194.00 185.00 8/28/2026 Yes 13 64 None
MO Altria Group Inc Options Chain 1.06 1.38 0.25 1.00 0.25 0.31 1 0 -0.26 -0.04 73.35 69.00 8/28/2026 Yes 12 67 None
CRM Salesforce Inc Options Chain 3.40 4.85 1.23 5.00 0.25 0.48 32 25 -0.26 -0.13 169.90 150.00 8/28/2026 No 15 71 None
ORCL Oracle Corp Options Chain 3.80 4.20 1.16 5.00 0.23 0.68 65 27 -0.24 -0.12 127.97 110.00 8/28/2026 No 7 63 None
KO Coca-Cola Company Options Chain 0.87 1.12 0.23 1.00 0.23 0.23 2 23 -0.26 -0.04 82.00 79.00 8/28/2026 Yes 9 63 None
KMI Kinder Morgan Inc - Class P Options Chain 0.45 0.63 0.23 1.00 0.23 0.27 2 0 -0.28 -0.01 32.41 31.00 8/28/2026 Yes 8 59 None
UNH Unitedhealth Group Inc Options Chain 6.15 7.05 1.15 5.00 0.23 0.29 3 3 -0.26 -0.22 436.25 410.00 8/28/2026 No 12 63 None
MCD McDonald`s Corp Options Chain 3.00 3.70 1.12 5.00 0.22 0.27 12 7 -0.24 -0.11 264.19 250.00 8/28/2026 Yes 9 60 None
CMCSA Comcast Corp - Class A Options Chain 0.31 0.68 0.21 1.00 0.21 0.44 24 31 -0.23 -0.02 23.88 22.00 8/28/2026 Yes 16 68 None
VZ Verizon Communications Inc Options Chain 0.58 0.80 0.21 1.00 0.21 0.30 38 38 -0.26 -0.02 43.78 42.00 8/28/2026 Yes 13 73 None
PM Philip Morris International Inc Options Chain 2.75 4.00 1.03 5.00 0.21 0.32 2 1 -0.29 -0.11 188.04 185.00 8/28/2026 Yes 8 61 None
BAC Bank Of America Corp Options Chain 0.68 0.80 0.20 1.00 0.20 0.24 1 12 -0.25 -0.03 61.25 59.00 8/28/2026 No 12 74 None
PG Procter & Gamble Company Options Chain 1.83 2.74 0.19 1.00 0.19 0.26 0 6 -0.29 -0.05 148.30 143.00 8/28/2026 Yes 10 65 None
UL Unilever plc Options Chain 0.40 1.15 0.18 1.00 0.18 0.27 4 1 -0.27 -0.03 60.96 58.00 8/28/2026 No 9 58 None
T AT&T Inc Options Chain 0.24 0.34 0.09 0.50 0.18 0.30 68 65 -0.24 -0.01 22.33 21.50 8/28/2026 Yes 9 61 None
C Citigroup Inc Options Chain 2.15 2.70 0.15 1.00 0.15 0.31 0 4 -0.29 -0.06 132.99 126.00 8/28/2026 No 17 78 None
WMT Walmart Inc Options Chain 1.66 2.01 0.15 1.00 0.15 0.30 18 1 -0.29 -0.05 110.39 104.00 8/28/2026 Yes 10 59 None