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
ADM Archer Daniels Midland Company Options Chain 1.45 2.05 0.47 1.00 0.47 0.38 4 0 -0.30 -0.03 61.10 58.00 11/28/2025 Yes 11 52 None
NVO Novo Nordisk Options Chain 1.93 2.72 0.46 1.00 0.46 0.55 3 6 -0.29 -0.05 57.50 53.00 11/28/2025 Yes 15 71 None
CMCSA Comcast Corp - Class A Options Chain 0.61 0.85 0.43 1.00 0.43 0.35 4 10 -0.29 -0.02 29.46 28.00 11/28/2025 Yes 15 64 None
QCOM Qualcomm Inc Options Chain 3.85 4.65 1.67 5.00 0.33 0.41 6 6 -0.28 -0.09 161.78 150.00 11/28/2025 Yes 15 65 None
AVGO Broadcom Inc Options Chain 11.80 12.55 1.63 5.00 0.33 0.49 23 26 -0.28 -0.25 326.60 330.00 11/28/2025 No 9 67 None
DAL Delta Air Lines Inc Options Chain 1.47 1.73 0.32 1.00 0.32 0.43 0 2 -0.27 -0.03 57.48 54.00 11/28/2025 No 13 65 None
UNH Unitedhealth Group Inc Options Chain 8.75 10.20 1.58 5.00 0.32 0.40 5 16 -0.28 -0.22 358.66 335.00 11/28/2025 Yes 12 67 None
NKE Nike Inc - Class B Options Chain 1.17 1.56 0.31 1.00 0.31 0.34 4 1 -0.27 -0.03 67.38 63.00 11/28/2025 No 8 55 None
CSCO Cisco Systems Inc Options Chain 1.21 1.66 0.31 1.00 0.31 0.32 2 1 -0.28 -0.04 67.94 64.00 11/28/2025 Yes 11 66 None
DELL Dell Technologies Inc - Class C Options Chain 5.65 6.35 1.50 5.00 0.30 0.56 10 3 -0.29 -0.12 150.57 140.00 11/28/2025 Yes 15 59 None
HPQ HP Inc Options Chain 0.28 1.03 0.30 1.00 0.30 0.45 6 0 -0.26 -0.02 25.55 25.00 11/28/2025 Yes 13 50 None
MRK Merck & Co Inc Options Chain 1.62 1.96 0.30 1.00 0.30 0.32 3 7 -0.27 -0.04 85.70 81.00 11/28/2025 Yes 14 73 None
TGT Target Corp Options Chain 2.76 3.05 0.30 1.00 0.30 0.47 4 1 -0.28 -0.04 87.34 80.00 11/28/2025 Yes 13 66 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.35 9.40 1.45 5.00 0.29 0.46 27 1 -0.27 -0.21 302.89 280.00 11/28/2025 Yes 22 74
Dividend Stock List
ORCL Oracle Corp Options Chain 10.85 12.85 1.37 5.00 0.27 0.52 17 10 -0.29 -0.25 308.01 285.00 11/28/2025 No 8 62 None
DPZ Dominos Pizza Inc Options Chain 6.20 7.90 2.60 10.00 0.26 0.36 63 145 -0.24 -0.25 406.37 380.00 11/21/2025 Yes 12 54 None
OXY Occidental Petroleum Corp Options Chain 0.79 0.98 0.26 1.00 0.26 0.33 4 17 -0.27 -0.02 42.42 40.00 11/28/2025 Yes 7 63 None
JPM JPMorgan Chase & Company Options Chain 5.65 6.10 1.28 5.00 0.26 0.28 7 29 -0.29 -0.14 307.97 295.00 11/28/2025 Yes 11 79 None
APH Amphenol Corp - Class A Options Chain 3.30 3.60 1.27 5.00 0.25 0.46 579 17 -0.27 -0.09 122.62 115.00 11/21/2025 Yes 12 59 None
MSFT Microsoft Corporation Options Chain 9.20 9.80 1.27 5.00 0.25 0.28 13 21 -0.28 -0.21 514.05 490.00 11/28/2025 Yes 13 68 None
AMAT Applied Materials Inc Options Chain 5.85 7.55 1.25 5.00 0.25 0.49 3 0 -0.27 -0.14 210.44 200.00 11/28/2025 Yes 16 69 None
KDP Keurig Dr Pepper Inc Options Chain 0.55 0.65 0.25 1.00 0.25 0.36 308 129 -0.29 -0.02 26.42 25.00 11/21/2025 Yes 10 61 None
EXC Exelon Corp Options Chain 0.65 0.80 0.25 1.00 0.25 0.24 0 2 -0.30 -0.02 47.07 45.00 11/21/2025 Yes 11 68 None
FITB Fifth Third Bancorp Options Chain 0.75 1.00 0.25 1.00 0.25 0.33 10 1 -0.30 -0.02 41.47 40.00 11/21/2025 Yes 12 71 None
C Citigroup Inc Options Chain 1.77 2.23 0.24 1.00 0.24 0.33 87 214 -0.28 -0.04 93.75 90.00 11/28/2025 Yes 17 83 None
BAC Bank Of America Corp Options Chain 0.81 0.93 0.22 1.00 0.22 0.31 2 1 -0.25 -0.02 48.65 46.00 11/28/2025 Yes 12 73 None
KO Coca-Cola Company Options Chain 0.59 0.90 0.22 1.00 0.22 0.21 0 5 -0.25 -0.02 66.80 64.00 11/28/2025 Yes 11 70 None
VZ Verizon Communications Inc Options Chain 0.46 0.59 0.22 1.00 0.22 0.23 41 20 -0.26 -0.02 39.75 38.00 11/28/2025 Yes 15 65 None
WM Waste Management Inc Options Chain 3.50 3.60 2.05 10.00 0.20 0.25 2176 88 -0.30 -0.10 217.09 210.00 11/21/2025 Yes 13 64 None
JEF Jefferies Financial Group Inc Options Chain 0.95 1.65 0.50 2.50 0.20 0.55 182 661 -0.23 -0.04 53.73 47.50 11/21/2025 No 14 66 None
RIO Rio Tinto plc Options Chain 1.10 1.20 0.50 2.50 0.20 0.29 46 5022 -0.28 -0.03 68.16 65.00 11/21/2025 Yes 14 74 None
STM ST Microelectronics Options Chain 0.70 0.80 0.20 1.00 0.20 0.52 0 6 -0.24 -0.02 28.80 26.00 11/21/2025 Yes 12 44 None
PG Procter & Gamble Company Options Chain 1.70 2.21 0.95 5.00 0.19 0.24 14 1 -0.26 -0.05 147.49 140.00 11/28/2025 Yes 11 64 None
EIX Edison International Options Chain 0.85 1.05 0.45 2.50 0.18 0.35 17 4 -0.25 -0.03 52.12 50.00 11/21/2025 Yes 12 66 None
IVZ Invesco Ltd Options Chain 0.40 0.55 0.18 1.00 0.18 0.45 1 1 -0.23 -0.01 23.29 21.00 11/21/2025 Yes 14 63 None
MFC Manulife Financial Corp Options Chain 0.40 0.50 0.17 1.00 0.17 0.31 1 0 -0.24 -0.01 32.11 30.00 11/21/2025 Yes 17 70 None
T AT&T Inc Options Chain 0.32 0.42 0.17 1.00 0.17 0.27 15 53 -0.25 -0.01 25.59 24.00 11/28/2025 Yes 11 66 None
FHN First Horizon Corporation Options Chain 0.45 0.55 0.17 1.00 0.17 0.39 2 31 -0.27 -0.01 22.26 21.00 11/21/2025 Yes 16 68 None
OKE Oneok Inc Options Chain 1.35 1.60 0.85 5.00 0.17 0.35 722 10 -0.27 -0.02 69.57 65.00 11/21/2025 Yes 14 75 None
BHP BHP Group Ltd Options Chain 0.85 0.95 0.42 2.50 0.17 0.31 3 10 -0.26 -0.03 53.45 52.50 11/21/2025 Yes 13 63 None
TFC Truist Financial Corporation Options Chain 0.66 0.75 0.38 2.50 0.15 0.33 26 0 -0.25 -0.02 42.95 40.00 11/21/2025 Yes 19 72 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.35 0.15 1.00 0.15 0.35 146 119 -0.28 -0.01 15.60 15.00 11/21/2025 Yes 12 66 None
BCS Barclays plc Options Chain 0.40 0.50 0.15 1.00 0.15 0.36 63 95 -0.29 -0.01 19.70 19.00 11/21/2025 Yes 19 54 None
FCX Freeport-McMoRan Inc Options Chain 1.36 1.55 0.15 1.00 0.15 0.46 0 1 -0.30 -0.03 40.88 40.00 11/28/2025 Yes 12 60 None