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
ORCL Oracle Corp Options Chain 7.95 10.40 1.25 2.50 0.50 0.67 1 18 -0.29 -0.19 186.22 172.50 6/26/2026 Yes 9 66 None
QCOM Qualcomm Inc Options Chain 10.30 12.70 1.12 2.50 0.45 0.73 2 66 -0.29 -0.21 208.00 192.50 6/26/2026 No 14 71 None
LUV Southwest Airlines Company Options Chain 1.05 1.67 0.44 1.00 0.44 0.53 2 2 -0.28 -0.03 39.48 36.00 6/26/2026 No 12 62 None
ACN Accenture plc - Class A Options Chain 4.90 6.70 1.90 5.00 0.38 0.56 85 48 -0.27 -0.13 169.77 145.00 6/26/2026 Yes 17 68 None
GM General Motors Company Options Chain 1.36 2.09 0.36 1.00 0.36 0.36 10 1 -0.27 -0.04 76.42 71.00 6/26/2026 No 9 60 None
FCX Freeport-McMoRan Inc Options Chain 1.77 2.82 0.36 1.00 0.36 0.52 15 0 -0.28 -0.06 66.15 62.00 6/26/2026 No 11 57 None
OXY Occidental Petroleum Corp Options Chain 1.27 1.67 0.36 1.00 0.36 0.37 1 0 -0.30 -0.03 56.15 53.00 6/26/2026 No 7 50 None
CEG Constellation Energy Corporation Options Chain 8.50 10.20 1.70 5.00 0.34 0.50 1 23 -0.29 -0.21 292.50 255.00 6/26/2026 No 9 69 None
DVN Devon Energy Corp Options Chain 1.02 1.50 0.33 1.00 0.33 0.39 10 1 -0.30 -0.02 46.97 44.00 6/26/2026 No 10 60 None
WMT Walmart Inc Options Chain 2.53 3.20 0.32 1.00 0.32 0.32 2 1 -0.29 -0.06 130.20 125.00 6/26/2026 Yes 8 58 None
DOW Dow Inc Options Chain 1.08 1.61 0.32 1.00 0.32 0.50 448 56 -0.30 -0.03 39.50 36.00 6/26/2026 No 6 49 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.25 13.15 1.57 5.00 0.31 0.43 17 40 -0.30 -0.27 394.60 375.00 6/26/2026 No 20 61
Dividend Stock List
NXPI NXP Semiconductors NV Options Chain 8.90 9.40 3.10 10.00 0.31 0.47 33 31 -0.30 -0.22 294.01 280.00 6/18/2026 No 10 63 None
DELL Dell Technologies Inc - Class C Options Chain 10.80 13.55 1.53 5.00 0.31 0.71 27 16 -0.28 -0.25 238.91 220.00 6/26/2026 Yes 15 59 None
HD Home Depot Inc Options Chain 6.40 7.80 1.52 5.00 0.30 0.35 2 12 -0.29 -0.13 310.55 285.00 6/26/2026 Yes 6 60 None
BWA BorgWarner Inc Options Chain 1.95 2.20 0.75 2.50 0.30 0.50 3141 4 -0.29 -0.06 63.80 62.50 6/18/2026 No 12 60 None
NVO Novo Nordisk Options Chain 1.05 1.30 0.28 1.00 0.28 0.39 2 2 -0.26 -0.03 47.01 44.00 6/26/2026 No 13 54 None
GLW Corning Inc Options Chain 11.00 13.30 0.70 2.50 0.28 0.76 2 33 -0.30 -0.22 195.58 187.50 6/26/2026 No 8 52 None
AA Alcoa Corp Options Chain 2.53 2.86 0.27 1.00 0.27 0.55 1483 0 -0.29 -0.06 67.68 63.00 6/26/2026 No 12 53 None
MSFT Microsoft Corporation Options Chain 6.20 6.55 1.28 5.00 0.26 0.29 303 2227 -0.27 -0.18 407.60 385.00 6/18/2026 No 15 72 None
UNH Unitedhealth Group Inc Options Chain 7.25 8.80 1.28 5.00 0.26 0.31 9 12 -0.28 -0.17 396.00 380.00 6/26/2026 No 11 64 None
AVGO Broadcom Inc Options Chain 12.05 12.25 2.55 10.00 0.26 0.54 494 445 -0.26 -0.34 417.45 380.00 6/18/2026 Yes 9 62 None
VST Vistra Corp Options Chain 4.00 4.60 1.27 5.00 0.25 0.51 33 10 -0.26 -0.10 146.87 130.00 6/26/2026 Yes 9 63 None
APH Amphenol Corp - Class A Options Chain 3.30 3.60 1.25 5.00 0.25 0.50 86 101 -0.26 -0.10 127.87 115.00 6/18/2026 No 8 58 None
NTAP Netapp Inc Options Chain 3.50 3.90 1.25 5.00 0.25 0.52 13 7 -0.28 -0.10 116.50 110.00 6/18/2026 Yes 12 61 None
KMI Kinder Morgan Inc - Class P Options Chain 0.34 0.56 0.25 1.00 0.25 0.27 21 0 -0.23 -0.01 32.60 31.00 6/26/2026 No 11 67 None
EXC Exelon Corp Options Chain 0.35 0.65 0.25 1.00 0.25 0.22 10 2 -0.23 -0.01 45.44 42.00 6/18/2026 No 11 65 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.60 0.25 1.00 0.25 0.41 1 0 -0.29 -0.01 20.17 19.00 6/18/2026 Yes 8 58 None
CVE Cenovus Energy Inc Options Chain 0.70 0.90 0.25 1.00 0.25 0.41 21 102 -0.30 -0.02 30.01 28.00 6/18/2026 No 14 66 None
BAC Bank Of America Corp Options Chain 0.80 0.96 0.24 1.00 0.24 0.30 119 3 -0.27 -0.02 50.82 47.00 6/26/2026 No 10 65 None
CMCSA Comcast Corp - Class A Options Chain 0.24 0.55 0.23 1.00 0.23 0.35 11 6 -0.20 -0.01 24.94 23.00 6/26/2026 No 15 61 None
BCS Barclays plc Options Chain 0.50 0.55 0.23 1.00 0.23 0.46 6190 0 -0.24 -0.02 22.64 21.00 6/18/2026 No 15 61 None
FITB Fifth Third Bancorp Options Chain 0.80 0.95 0.23 1.00 0.23 0.32 7 2 -0.29 -0.03 48.63 45.00 6/18/2026 No 10 68 None
AZN Astrazeneca plc Options Chain 3.30 3.60 1.12 5.00 0.22 0.30 37 3 -0.29 -0.10 185.55 180.00 6/18/2026 No 13 67 None
JPM JPMorgan Chase & Company Options Chain 3.95 4.90 1.11 5.00 0.22 0.27 33 14 -0.26 -0.14 304.55 285.00 6/26/2026 No 12 79 None
WMS Advanced Drainage Systems Inc Options Chain 4.00 5.00 1.10 5.00 0.22 0.58 1074 0 -0.27 -0.11 139.79 125.00 6/18/2026 Yes 12 53 None
EPD Enterprise Products Partners L P Options Chain 0.36 0.77 0.22 1.00 0.22 0.22 0 202 -0.27 -0.01 38.30 37.00 6/26/2026 No 9 59 None
JNJ Johnson & Johnson Options Chain 2.77 3.90 1.09 5.00 0.22 0.24 1 0 -0.29 -0.07 224.37 220.00 6/26/2026 No 12 72 None
COST Costco Wholesale Corp Options Chain 17.10 20.95 1.08 5.00 0.22 0.27 3 0 -0.29 -0.43 1,019.20 990.00 6/26/2026 Yes 15 61 None
ZTS Zoetis Inc - Class A Options Chain 1.80 2.05 1.08 5.00 0.22 0.44 729 71 -0.29 -0.06 76.94 70.00 6/18/2026 No 14 63 None
ING ING Groep N.V. Options Chain 0.45 0.55 0.20 1.00 0.20 0.33 69 0 -0.26 -0.02 29.77 28.00 6/18/2026 No 12 63 None
EC Ecopetrol SA Options Chain 0.25 0.45 0.20 1.00 0.20 0.44 0 1 -0.28 -0.01 13.02 12.00 6/18/2026 Yes 13 58 None
INFY Infosys Ltd Options Chain 0.30 0.50 0.20 1.00 0.20 0.40 4026 13 -0.29 0.00 12.09 11.00 6/18/2026 No 13 43 None
MO Altria Group Inc Options Chain 1.03 1.58 0.20 1.00 0.20 0.26 1 1 -0.29 -0.02 69.89 68.00 6/26/2026 No 12 67 None
ALLY Ally Financial Inc Options Chain 0.75 1.00 0.20 1.00 0.20 0.33 28 3 -0.30 -0.03 42.84 40.00 6/18/2026 No 15 77 None
BK Bank Of New York Mellon Corp Options Chain 2.10 2.45 0.93 5.00 0.19 0.28 45 18 -0.29 -0.07 134.00 130.00 6/18/2026 No 16 74 None
UNM Unum Group Options Chain 0.80 1.40 0.45 2.50 0.18 0.24 489 0 -0.28 -0.04 80.00 77.50 6/18/2026 No 12 69 None
XOM Exxon Mobil Corp Options Chain 1.62 2.68 0.86 5.00 0.17 0.31 7 5 -0.22 -0.05 150.52 140.00 6/26/2026 No 10 71 None
AEP American Electric Power Company Inc Options Chain 0.80 1.85 0.85 5.00 0.17 0.24 45 82 -0.19 -0.05 131.94 120.00 6/18/2026 No 8 67 None
F Ford Motor Company Options Chain 0.06 0.50 0.08 0.50 0.16 0.38 127 113 -0.24 -0.01 11.99 12.50 6/26/2026 No 9 50 None
RIO Rio Tinto plc Options Chain 1.75 2.25 0.77 5.00 0.15 0.36 258 200 -0.25 -0.06 109.47 105.00 6/18/2026 No 8 64 None
KO Coca-Cola Company Options Chain 0.72 1.03 0.15 1.00 0.15 0.20 107 1 -0.27 -0.02 79.97 77.00 6/26/2026 No 9 63 None