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
HPQ HP Inc Options Chain 0.90 1.13 0.24 0.50 0.48 0.50 0 11 -0.30 -0.02 32.70 31.00 10/30/2026 No 12 55 None
OXY Occidental Petroleum Corp Options Chain 1.19 1.70 0.35 1.00 0.35 0.34 0 2 -0.30 -0.03 59.36 56.00 10/30/2026 No 10 55 None
WMT Walmart Inc Options Chain 1.77 1.94 0.35 1.00 0.35 0.23 4 10 -0.30 -0.05 107.65 103.00 10/30/2026 No 9 59 None
EQT EQT Corp Options Chain 0.98 1.27 0.34 1.00 0.34 0.32 1 0 -0.28 -0.03 50.41 48.00 10/30/2026 Yes 15 69 None
CRM Salesforce Inc Options Chain 6.65 7.60 1.63 5.00 0.33 0.41 10 7 -0.29 -0.16 250.54 230.00 10/30/2026 No 14 70 None
IBM International Business Machines Corp Options Chain 6.00 6.65 1.58 5.00 0.32 0.44 0 2 -0.26 -0.16 238.48 220.00 10/30/2026 Yes 9 66 None
GLW Corning Inc Options Chain 6.15 6.75 1.52 5.00 0.30 0.64 25 25 -0.29 -0.14 144.16 135.00 10/30/2026 Yes 8 52 None
HPE Hewlett Packard Enterprise Company Options Chain 2.42 2.74 0.30 1.00 0.30 0.61 1 69 -0.29 -0.06 56.68 56.00 10/30/2026 No 9 54 None
ORCL Oracle Corp Options Chain 5.00 5.25 0.30 1.00 0.30 0.53 1 0 -0.30 -0.11 144.57 138.00 10/30/2026 No 12 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.95 9.90 1.48 5.00 0.30 0.34 2 44 -0.30 -0.24 417.72 405.00 10/30/2026 Yes 23 66
Dividend Stock List
DOW Dow Inc Options Chain 0.65 0.88 0.29 1.00 0.29 0.47 19 55 -0.24 -0.02 30.08 27.00 10/30/2026 Yes 8 55 None
VZ Verizon Communications Inc Options Chain 0.67 0.91 0.28 1.00 0.28 0.27 0 41 -0.24 -0.01 49.88 46.00 10/30/2026 No 10 73 None
NKE Nike Inc - Class B Options Chain 0.77 0.88 0.28 1.00 0.28 0.44 11 3 -0.24 -0.03 35.78 33.00 10/30/2026 Yes 14 61 None
XOM Exxon Mobil Corp Options Chain 3.25 3.55 0.70 2.50 0.28 0.30 16 1 -0.30 -0.08 163.32 155.00 10/30/2026 Yes 11 66 None
CSCO Cisco Systems Inc Options Chain 1.92 2.39 0.27 1.00 0.27 0.31 1 0 -0.28 -0.05 107.74 105.00 10/30/2026 No 10 67 None
QCOM Qualcomm Inc Options Chain 4.80 6.30 1.27 5.00 0.25 0.48 14 42 -0.27 -0.15 184.84 175.00 10/30/2026 No 12 70 None
C Citigroup Inc Options Chain 2.33 2.69 0.24 1.00 0.24 0.34 24 35 -0.29 -0.07 132.95 125.00 10/30/2026 Yes 16 78 None
F Ford Motor Company Options Chain 0.24 0.31 0.12 0.50 0.24 0.41 3 6 -0.22 -0.01 13.35 12.50 10/30/2026 Yes 8 49 None
CVX Chevron Corp Options Chain 3.10 4.30 1.14 5.00 0.23 0.29 0 1 -0.27 -0.10 211.54 200.00 10/30/2026 Yes 12 77 None
KO Coca-Cola Company Options Chain 1.11 1.30 0.22 1.00 0.22 0.22 4 5 -0.27 -0.04 87.87 85.00 10/30/2026 Yes 9 61 None
IP International Paper Company Options Chain 0.75 1.05 0.22 1.00 0.22 0.46 0 1 -0.27 -0.03 33.76 32.00 10/30/2026 Yes 6 60 None
BAC Bank Of America Corp Options Chain 0.75 0.78 0.18 1.00 0.18 0.27 18 1 -0.25 -0.02 57.90 55.00 10/30/2026 Yes 13 74 None
CMCSA Comcast Corp - Class A Options Chain 0.32 0.40 0.17 1.00 0.17 0.35 12 16 -0.19 -0.01 23.77 21.00 10/30/2026 Yes 15 69 None
EPD Enterprise Products Partners L P Options Chain 0.28 0.72 0.16 1.00 0.16 0.20 2 0 -0.29 -0.01 38.21 37.00 10/30/2026 Yes 12 67 None
T AT&T Inc Options Chain 0.40 0.48 0.08 0.50 0.16 0.29 5 6 -0.28 -0.01 25.86 24.00 10/30/2026 Yes 10 58 None