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 1.15 1.75 0.37 1.00 0.37 0.47 2 4 -0.28 -0.03 45.51 42.00 11/20/2026 Yes 14 58 None
MPC Marathon Petroleum Corp Options Chain 15.30 17.30 3.55 10.00 0.35 0.52 29 25 -0.29 -0.31 422.65 400.00 11/20/2026 Yes 12 62 None
HAL Halliburton Company Options Chain 0.80 1.03 0.34 1.00 0.34 0.38 14 52 -0.30 -0.02 32.00 31.00 11/20/2026 Yes 10 50 None
GLW Corning Inc Options Chain 6.25 6.70 1.63 5.00 0.33 0.58 598 139 -0.28 -0.13 164.69 145.00 11/20/2026 Yes 9 52 None
VST Vistra Corp Options Chain 5.00 5.25 1.60 5.00 0.32 0.48 143 1081 -0.30 -0.11 140.02 135.00 11/20/2026 Yes 8 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.70 11.10 3.15 10.00 0.32 0.33 353 468 -0.28 -0.24 472.78 460.00 11/20/2026 Yes 23 66
Dividend Stock List
MSFT Microsoft Corporation Options Chain 9.60 11.70 1.52 5.00 0.30 0.33 69 31 -0.28 -0.30 517.20 500.00 11/13/2026 Yes 14 72 None
FCX Freeport-McMoRan Inc Options Chain 2.33 2.65 0.76 2.50 0.30 0.47 69 96 -0.30 -0.05 72.04 67.50 11/20/2026 Yes 11 63 None
ACN Accenture plc - Class A Options Chain 5.10 5.60 1.45 5.00 0.29 0.43 43 48 -0.27 -0.10 199.55 180.00 11/20/2026 No 18 68 None
ORCL Oracle Corp Options Chain 4.60 4.80 1.45 5.00 0.29 0.51 475 978 -0.27 -0.10 142.25 130.00 11/20/2026 No 13 69 None
GE General Electric Company Options Chain 7.50 8.25 2.85 10.00 0.29 0.36 28 4086 -0.29 -0.17 309.71 290.00 11/20/2026 Yes 8 60 None
IBM International Business Machines Corp Options Chain 5.70 6.10 1.42 5.00 0.28 0.41 32 141 -0.28 -0.11 222.64 205.00 11/20/2026 Yes 9 66 None
STM ST Microelectronics Options Chain 1.80 1.95 0.28 1.00 0.28 0.63 64 2 -0.22 -0.04 57.26 50.00 11/20/2026 Yes 12 53 None
AVGO Broadcom Inc Options Chain 7.15 7.75 1.40 5.00 0.28 0.36 73 15 -0.26 -0.20 355.14 340.00 11/13/2026 No 10 65 None
QCOM Qualcomm Inc Options Chain 5.45 5.80 1.40 5.00 0.28 0.50 151 231 -0.26 -0.13 185.04 165.00 11/20/2026 Yes 12 70 None
V Visa Inc - Class A Options Chain 5.95 6.40 1.38 5.00 0.28 0.24 44 45 -0.30 -0.13 360.66 355.00 11/20/2026 Yes 10 64 None
MCD McDonald`s Corp Options Chain 3.75 4.05 1.36 5.00 0.27 0.23 102 212 -0.30 -0.10 232.20 225.00 11/20/2026 Yes 9 52 None
BHP BHP Group Ltd Options Chain 2.05 2.20 0.68 2.50 0.27 0.34 1 134 -0.30 -0.05 86.07 82.50 11/20/2026 Yes 12 26 None
VZ Verizon Communications Inc Options Chain 0.66 0.82 0.27 1.00 0.27 0.26 73 70 -0.22 -0.01 45.92 43.00 11/20/2026 Yes 7 64 None
HPQ HP Inc Options Chain 0.91 1.01 0.27 1.00 0.27 0.46 102 104 -0.27 -0.02 32.27 29.00 11/20/2026 No 10 46 None
CHRW C.H. Robinson Worldwide Inc Options Chain 3.50 4.50 1.32 5.00 0.26 0.46 48 92 -0.27 -0.11 157.72 130.00 11/20/2026 Yes 10 57 None
DAL Delta Air Lines Inc Options Chain 2.11 2.36 0.66 2.50 0.26 0.40 7 21 -0.28 -0.05 84.08 77.50 11/20/2026 Yes 14 67 None
WM Waste Management Inc Options Chain 3.10 4.00 1.30 5.00 0.26 0.24 19 53 -0.30 -0.09 204.45 200.00 11/20/2026 Yes 8 63 None
APA APA Corporation Options Chain 1.13 1.34 0.65 2.50 0.26 0.46 71 49 -0.26 -0.02 43.70 40.00 11/20/2026 Yes 10 61 None
APH Amphenol Corp - Class A Options Chain 2.30 2.50 0.65 2.50 0.26 0.45 21 41 -0.26 -0.06 87.30 80.00 11/20/2026 Yes 11 57 None
CVS CVS Health Corp Options Chain 1.75 1.96 0.64 2.50 0.26 0.37 78 54 -0.26 -0.04 86.93 80.00 11/20/2026 Yes 12 62 None
CVX Chevron Corp Options Chain 3.70 4.05 1.26 5.00 0.25 0.30 109 84 -0.27 -0.07 206.83 195.00 11/20/2026 Yes 13 77 None
EIX Edison International Options Chain 1.25 1.40 0.63 2.50 0.25 0.37 96 3 -0.25 -0.02 53.86 50.00 11/20/2026 Yes 15 62 None
CSCO Cisco Systems Inc Options Chain 2.81 2.99 1.25 5.00 0.25 0.40 324 239 -0.27 -0.07 112.16 105.00 11/20/2026 Yes 11 64 None
XOM Exxon Mobil Corp Options Chain 3.10 3.40 1.25 5.00 0.25 0.30 188 192 -0.29 -0.07 164.01 155.00 11/20/2026 Yes 13 73 None
EQNR Equinor ASA Options Chain 0.90 1.05 0.25 1.00 0.25 0.39 4 5 -0.26 -0.02 42.56 39.00 11/20/2026 Yes 13 61 None
ALLY Ally Financial Inc Options Chain 0.45 1.05 0.25 1.00 0.25 0.34 2 0 -0.27 -0.02 38.41 35.00 11/20/2026 Yes 15 80 None
DVN Devon Energy Corp Options Chain 1.12 1.29 0.62 2.50 0.25 0.37 76 17 -0.29 -0.03 47.67 45.00 11/20/2026 Yes 10 57 None
UNH Unitedhealth Group Inc Options Chain 7.95 8.55 2.42 10.00 0.24 0.38 150 99 -0.25 -0.21 371.90 350.00 11/20/2026 Yes 13 65 None
TRI Thomson-Reuters Corp Options Chain 1.90 3.80 1.20 5.00 0.24 0.57 3 2 -0.23 -0.06 97.62 85.00 11/20/2026 Yes 10 55 None
TGT Target Corp Options Chain 3.25 3.60 1.20 5.00 0.24 0.40 34 51 -0.25 -0.07 156.00 140.00 11/20/2026 Yes 11 64 None
MET Metlife Inc Options Chain 1.25 2.00 0.60 2.50 0.24 0.31 6 1 -0.24 -0.03 94.43 90.00 11/20/2026 Yes 15 60 None
NVO Novo Nordisk Options Chain 0.80 0.87 0.60 2.50 0.24 0.37 508 685 -0.26 -0.02 37.30 35.00 11/20/2026 Yes 11 50 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.60 1.85 0.60 2.50 0.24 0.44 1 4 -0.28 -0.04 57.89 55.00 11/20/2026 Yes 9 57 None
USB U.S. Bancorp. Options Chain 1.04 1.23 0.60 2.50 0.24 0.28 34 200 -0.29 -0.03 57.51 55.00 11/20/2026 Yes 15 75 None
WFC Wells Fargo & Company Options Chain 1.51 1.79 0.60 2.50 0.24 0.29 71 321 -0.30 -0.03 80.45 77.50 11/20/2026 Yes 16 75 None
T AT&T Inc Options Chain 0.43 0.55 0.24 1.00 0.24 0.28 136 73 -0.29 -0.01 24.30 23.00 11/20/2026 Yes 10 60 None
JPM JPMorgan Chase & Company Options Chain 4.95 5.35 1.17 5.00 0.23 0.26 27 73 -0.26 -0.11 332.68 315.00 11/20/2026 Yes 12 80 None
LOW Lowe`s Cos. Inc Options Chain 3.10 3.40 1.15 5.00 0.23 0.35 21 90 -0.24 -0.07 181.06 165.00 11/20/2026 Yes 11 58 None
HPE Hewlett Packard Enterprise Company Options Chain 2.10 2.18 1.14 5.00 0.23 0.60 455 619 -0.22 -0.05 69.33 60.00 11/20/2026 No 12 58 None
PEP PepsiCo Inc Options Chain 1.72 1.80 1.12 5.00 0.22 0.25 342 275 -0.25 -0.06 125.89 120.00 11/20/2026 Yes 13 65 None
WMT Walmart Inc Options Chain 1.97 2.15 1.12 5.00 0.22 0.30 653 440 -0.29 -0.05 104.26 100.00 11/20/2026 Yes 9 59 None
OXY Occidental Petroleum Corp Options Chain 1.19 1.52 0.56 2.50 0.22 0.35 218 77 -0.29 -0.03 58.08 55.00 11/20/2026 Yes 13 63 None
GM General Motors Company Options Chain 1.85 2.15 1.11 5.00 0.22 0.39 211 238 -0.26 -0.05 78.11 75.00 11/20/2026 Yes 9 59 None
AA Alcoa Corp Options Chain 1.32 1.50 1.10 5.00 0.22 0.48 38 25 -0.28 -0.03 42.09 40.00 11/20/2026 Yes 16 42 None
CVE Cenovus Energy Inc Options Chain 0.70 0.80 0.22 1.00 0.22 0.41 13 1 -0.26 -0.02 32.30 29.00 11/20/2026 Yes 11 59 None
CMCSA Comcast Corp - Class A Options Chain 0.39 0.60 0.22 1.00 0.22 0.35 29 67 -0.28 -0.01 21.58 20.00 11/20/2026 Yes 16 70 None
EC Ecopetrol SA Options Chain 0.20 0.70 0.22 1.00 0.22 0.41 0 10 -0.30 -0.01 16.27 16.00 11/20/2026 Yes 16 54 None
CRM Salesforce Inc Options Chain 4.35 4.60 2.08 10.00 0.21 0.39 364 322 -0.22 -0.12 234.21 210.00 11/20/2026 No 11 63 None
C Citigroup Inc Options Chain 2.20 2.35 1.02 5.00 0.20 0.32 447 138 -0.25 -0.05 128.87 120.00 11/20/2026 Yes 14 69 None
FAST Fastenal Company Options Chain 0.75 1.20 0.50 2.50 0.20 0.33 105 6 -0.26 -0.02 50.76 47.50 11/20/2026 Yes 13 55 None
ITUB Itau Unibanco Holding S.A. Options Chain 0.20 0.30 0.20 1.00 0.20 0.45 33 74 -0.23 0.00 8.57 9.00 11/20/2026 Yes 13 48 None
RF Regions Financial Corp Options Chain 0.40 0.60 0.20 1.00 0.20 0.36 5 0 -0.23 -0.01 27.10 25.00 11/20/2026 Yes 18 69 None
EQT EQT Corp Options Chain 0.75 0.81 0.49 2.50 0.20 0.32 122 1 -0.22 -0.02 50.33 47.50 11/20/2026 Yes 11 60 None
BMY Bristol-Myers Squibb Company Options Chain 1.24 1.37 0.97 5.00 0.19 0.36 550 196 -0.27 -0.03 61.10 55.00 11/20/2026 Yes 16 63 None
OKE Oneok Inc Options Chain 1.00 1.60 0.95 5.00 0.19 0.34 12 1 -0.17 -0.02 87.76 80.00 11/20/2026 Yes 11 65 None
RIO Rio Tinto plc Options Chain 1.75 1.95 0.95 5.00 0.19 0.32 36 66 -0.27 -0.05 93.56 90.00 11/20/2026 No 14 74 None
HBAN Huntington Bancshares Inc Options Chain 0.15 0.40 0.18 1.00 0.18 0.32 5 0 -0.16 -0.01 15.41 14.00 11/20/2026 Yes 10 58 None
PR Permian Resources Corp - Class A Options Chain 0.30 0.45 0.18 1.00 0.18 0.39 3 3 -0.21 -0.01 22.18 20.00 11/20/2026 Yes 13 68 None
EPD Enterprise Products Partners L P Options Chain 0.37 0.50 0.18 1.00 0.18 0.20 7 1 -0.22 -0.01 36.19 35.00 11/20/2026 Yes 12 67 None
FHN First Horizon Corporation Options Chain 0.30 0.45 0.18 1.00 0.18 0.29 10 0 -0.25 -0.01 23.42 22.00 11/20/2026 Yes 16 68 None
LUV Southwest Airlines Company Options Chain 0.77 0.89 0.44 2.50 0.18 0.44 4 43 -0.21 -0.03 42.47 37.50 11/20/2026 Yes 10 54 None
KO Coca-Cola Company Options Chain 0.92 1.04 0.44 2.50 0.18 0.21 162 273 -0.25 -0.03 85.76 82.50 11/20/2026 Yes 9 61 None
BAC Bank Of America Corp Options Chain 0.55 0.62 0.15 1.00 0.15 0.28 419 86 -0.19 -0.02 53.75 50.00 11/20/2026 Yes 12 74 None
F Ford Motor Company Options Chain 0.23 0.25 0.15 1.00 0.15 0.39 249 30 -0.23 0.00 12.12 11.00 11/20/2026 Yes 9 51 None
IVZ Invesco Ltd Options Chain 0.45 0.80 0.15 1.00 0.15 0.40 1 3 -0.23 -0.02 30.66 28.00 11/20/2026 Yes 7 58 None
KEY Keycorp Options Chain 0.25 0.40 0.15 1.00 0.15 0.30 1 0 -0.23 -0.01 20.23 19.00 11/20/2026 Yes 10 59 None