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
PAAS Pan American Silver Corp Options Chain 1.75 2.20 0.35 1.00 0.35 0.52 0 1 -0.29 -0.03 48.04 44.00 11/20/2026 Yes 17 64 None
MSFT Microsoft Corporation Options Chain 13.05 13.55 1.57 5.00 0.31 0.32 141 111 -0.30 -0.23 495.78 490.00 11/20/2026 Yes 11 66 None
ORCL Oracle Corp Options Chain 5.35 5.50 1.55 5.00 0.31 0.52 409 1425 -0.28 -0.09 137.10 125.00 11/20/2026 No 8 62 None
QCOM Qualcomm Inc Options Chain 7.35 9.00 1.50 5.00 0.30 0.52 31 101 -0.28 -0.14 201.97 185.00 11/20/2026 Yes 10 64 None
MDT Medtronic Plc Options Chain 0.93 2.30 0.73 2.50 0.29 0.29 51 43 -0.25 -0.03 88.55 82.50 11/20/2026 Yes 12 64 None
PR Permian Resources Corp - Class A Options Chain 0.60 0.80 0.27 1.00 0.27 0.41 2 2 -0.29 -0.01 21.80 20.00 11/20/2026 Yes 10 59 None
T AT&T Inc Options Chain 0.56 0.60 0.27 1.00 0.27 0.29 84 47 -0.30 -0.01 25.38 24.00 11/20/2026 Yes 15 67 None
VST Vistra Corp Options Chain 3.65 4.00 1.30 5.00 0.26 0.45 34 71 -0.24 -0.08 138.46 125.00 11/20/2026 Yes 7 61 None
UNH Unitedhealth Group Inc Options Chain 8.85 9.45 2.55 10.00 0.26 0.36 86 76 -0.26 -0.19 376.59 350.00 11/20/2026 Yes 13 65 None
KO Coca-Cola Company Options Chain 1.48 1.59 0.62 2.50 0.25 0.22 125 180 -0.30 -0.03 87.66 85.00 11/20/2026 Yes 9 61 None
TGT Target Corp Options Chain 3.70 4.20 1.23 5.00 0.25 0.37 14 32 -0.27 -0.07 157.45 145.00 11/20/2026 No 11 64 None
NEE NextEra Energy Inc Options Chain 1.10 1.45 0.61 2.50 0.24 0.24 123 94 -0.27 -0.03 76.08 72.50 11/20/2026 Yes 7 56 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.00 10.35 2.40 10.00 0.24 0.33 690 128 -0.26 -0.20 450.61 420.00 11/20/2026 Yes 20 61
Dividend Stock List
XOM Exxon Mobil Corp Options Chain 3.20 3.50 1.20 5.00 0.24 0.32 109 261 -0.26 -0.06 160.59 150.00 11/20/2026 Yes 11 66 None
MCD McDonald`s Corp Options Chain 3.00 3.35 1.17 5.00 0.23 0.23 174 156 -0.24 -0.08 236.60 225.00 11/20/2026 Yes 9 52 None
KMI Kinder Morgan Inc - Class P Options Chain 0.51 0.64 0.23 1.00 0.23 0.27 44 2 -0.28 -0.01 30.83 29.00 11/20/2026 Yes 12 67 None
NKE Nike Inc - Class B Options Chain 1.03 1.07 0.57 2.50 0.23 0.45 121 946 -0.25 -0.02 35.75 32.50 11/20/2026 Yes 11 53 None
WFC Wells Fargo & Company Options Chain 1.51 1.67 0.54 2.50 0.22 0.30 640 203 -0.26 -0.03 82.97 77.50 11/20/2026 Yes 12 65 None
WMB Williams Cos Inc Options Chain 1.30 1.45 1.03 5.00 0.21 0.31 48 18 -0.25 -0.03 69.26 65.00 11/20/2026 Yes 8 63 None
TFC Truist Financial Corporation Options Chain 0.95 1.10 0.50 2.50 0.20 0.30 14 4 -0.28 -0.02 47.10 45.00 11/20/2026 Yes 11 69 None
OXY Occidental Petroleum Corp Options Chain 1.05 1.27 0.48 2.50 0.19 0.35 55 18 -0.24 -0.03 57.99 52.50 11/20/2026 Yes 10 55 None
WMT Walmart Inc Options Chain 1.60 1.70 0.86 5.00 0.17 0.30 287 203 -0.21 -0.04 107.98 100.00 11/20/2026 No 8 55 None
USB U.S. Bancorp. Options Chain 0.81 0.94 0.43 2.50 0.17 0.27 95 4 -0.23 -0.01 59.33 55.00 11/20/2026 Yes 12 65 None
PEP PepsiCo Inc Options Chain 1.36 1.54 0.79 5.00 0.16 0.24 197 69 -0.20 -0.04 128.63 120.00 11/20/2026 Yes 9 57 None
OKE Oneok Inc Options Chain 1.25 1.30 0.78 5.00 0.16 0.33 30 0 -0.19 -0.03 88.63 80.00 11/20/2026 Yes 11 65 None
VZ Verizon Communications Inc Options Chain 0.60 0.84 0.15 1.00 0.15 0.25 38 28 -0.24 -0.01 47.44 44.00 11/20/2026 Yes 10 73 None