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
QCOM Qualcomm Inc Options Chain 4.35 5.50 1.71 5.00 0.34 0.47 9 18 -0.28 -0.10 162.68 150.00 9/25/2026 No 10 63 None
VZ Verizon Communications Inc Options Chain 0.52 0.99 0.34 1.00 0.34 0.25 18 2 -0.29 -0.02 47.20 45.00 9/25/2026 No 9 73 None
NXPI NXP Semiconductors NV Options Chain 6.30 7.80 3.30 10.00 0.33 0.46 17 30 -0.30 -0.17 236.38 220.00 9/18/2026 No 11 67 None
NVO Novo Nordisk Options Chain 0.90 1.20 0.30 1.00 0.30 0.31 15 0 -0.30 -0.01 47.17 44.00 9/25/2026 No 11 49 None
KO Coca-Cola Company Options Chain 0.92 1.30 0.30 1.00 0.30 0.19 6 4 -0.30 -0.02 86.48 84.00 9/25/2026 No 9 61 None
MCD McDonald`s Corp Options Chain 3.75 4.65 1.47 5.00 0.29 0.22 7 23 -0.30 -0.08 274.15 265.00 9/25/2026 No 9 61 None
NKE Nike Inc - Class B Options Chain 0.82 1.20 0.29 1.00 0.29 0.40 276 431 -0.27 -0.02 41.32 38.00 9/25/2026 No 10 51 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.80 12.05 1.43 5.00 0.29 0.38 46 130 -0.30 -0.24 429.15 405.00 9/25/2026 No 20 61
Dividend Stock List
TROW T. Rowe Price Group Inc Options Chain 1.15 2.55 1.35 5.00 0.27 0.27 89 29 -0.21 -0.03 111.42 105.00 9/18/2026 No 21 68
Dividend Stock List
V Visa Inc - Class A Options Chain 4.90 5.80 1.32 5.00 0.26 0.21 8 6 -0.30 -0.14 359.42 350.00 9/25/2026 No 10 64 None
KHC Kraft Heinz Company Options Chain 0.17 0.69 0.13 0.50 0.26 0.27 4 2 -0.24 -0.01 24.65 23.00 9/25/2026 No 7 58 None
PCG PG&E Corp Options Chain 0.38 0.53 0.12 0.50 0.24 0.44 0 10 -0.26 -0.01 17.30 16.00 9/25/2026 No 13 59 None
MSFT Microsoft Corporation Options Chain 7.85 8.95 1.10 5.00 0.22 0.27 24 116 -0.28 -0.21 503.81 470.00 9/25/2026 No 14 72 None
ZTS Zoetis Inc - Class A Options Chain 1.50 1.65 1.10 5.00 0.22 0.34 337 164 -0.29 -0.04 73.54 70.00 9/18/2026 No 14 65 None
PPL PPL Corp Options Chain 0.20 0.90 0.22 1.00 0.22 0.25 1 2 -0.28 -0.01 35.28 34.00 9/18/2026 No 10 67 None
MS Morgan Stanley Options Chain 2.95 3.75 1.01 5.00 0.20 0.30 2 13 -0.24 -0.11 215.07 205.00 9/25/2026 No 10 67 None
KEY Keycorp Options Chain 0.35 0.45 0.20 1.00 0.20 0.26 5 3 -0.30 -0.01 22.69 22.00 9/18/2026 No 10 59 None
MO Altria Group Inc Options Chain 0.61 0.99 0.18 1.00 0.18 0.23 7 15 -0.26 -0.02 65.03 61.00 9/25/2026 No 10 66 None
TFC Truist Financial Corporation Options Chain 0.55 0.80 0.40 2.50 0.16 0.24 121 73 -0.24 -0.01 52.60 50.00 9/18/2026 No 11 66 None
XOM Exxon Mobil Corp Options Chain 1.58 2.82 0.15 1.00 0.15 0.27 15 1 -0.25 -0.05 159.62 150.00 9/25/2026 No 13 73 None
RF Regions Financial Corp Options Chain 0.30 0.45 0.15 1.00 0.15 0.24 22 21 -0.25 -0.01 31.60 30.00 9/18/2026 No 17 69 None