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
BWA BorgWarner Inc Options Chain 1.60 2.65 1.05 2.50 0.42 0.44 5 0 -0.30 -0.03 56.91 52.50 6/18/2026 Yes 10 58 None
DELL Dell Technologies Inc - Class C Options Chain 8.60 9.25 1.73 5.00 0.35 0.64 28 33 -0.27 -0.19 211.60 190.00 6/18/2026 Yes 14 60 None
AVGO Broadcom Inc Options Chain 12.30 14.40 1.72 5.00 0.34 0.51 21 21 -0.28 -0.31 414.86 385.00 6/12/2026 Yes 10 64 None
ORCL Oracle Corp Options Chain 8.80 9.15 1.65 5.00 0.33 0.65 1775 361 -0.30 -0.17 171.83 165.00 6/18/2026 Yes 7 61 None
GLW Corning Inc Options Chain 7.15 7.75 1.60 5.00 0.32 0.65 30 235 -0.29 -0.14 159.00 145.00 6/18/2026 No 9 57 None
AZN Astrazeneca plc Options Chain 3.20 4.10 1.55 5.00 0.31 0.29 0 2678 -0.29 -0.09 185.50 175.00 6/18/2026 No 10 62 None
HD Home Depot Inc Options Chain 7.80 8.20 1.52 5.00 0.30 0.36 74 156 -0.30 -0.15 323.88 295.00 6/18/2026 Yes 6 62 None
HPQ HP Inc Options Chain 0.74 0.82 0.30 1.00 0.30 0.53 18 25 -0.29 -0.01 20.83 19.00 6/18/2026 Yes 13 52 None
VST Vistra Corp Options Chain 5.80 6.25 1.45 5.00 0.29 0.59 32 23 -0.26 -0.13 160.85 145.00 6/18/2026 Yes 5 54 None
EFX Equifax Inc Options Chain 3.70 5.10 1.45 5.00 0.29 0.40 2 2 -0.27 -0.09 173.85 160.00 6/18/2026 No 11 56 None
COST Costco Wholesale Corp Options Chain 17.90 19.85 1.45 5.00 0.29 0.26 24 39 -0.30 -0.40 1,012.46 975.00 6/18/2026 Yes 15 60 None
FANG Diamondback Energy Inc Options Chain 5.80 6.20 1.45 5.00 0.29 0.40 16 14 -0.30 -0.11 207.65 200.00 6/18/2026 Yes 9 63 None
HAL Halliburton Company Options Chain 0.92 1.08 0.28 1.00 0.28 0.38 17 22 -0.27 -0.02 41.66 39.00 6/18/2026 No 10 56 None
MCHP Microchip Technology Inc Options Chain 3.70 4.80 0.70 2.50 0.28 0.59 3 5 -0.30 -0.08 93.95 87.50 6/18/2026 Yes 3 58 None
MSFT Microsoft Corporation Options Chain 7.85 8.25 1.37 5.00 0.27 0.28 285 742 -0.29 -0.17 413.24 395.00 6/18/2026 No 15 72 None
DOW Dow Inc Options Chain 1.42 1.55 0.68 2.50 0.27 0.50 79 14 -0.30 -0.02 40.29 37.50 6/18/2026 No 6 47 None
STZ Constellation Brands Inc - Class A Options Chain 2.30 2.70 1.35 5.00 0.27 0.29 38 17 -0.26 -0.06 154.00 140.00 6/18/2026 No 8 59 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.90 11.45 2.68 10.00 0.27 0.45 248 288 -0.27 -0.25 401.61 370.00 6/18/2026 No 20 61
Dividend Stock List
EBAY EBay Inc Options Chain 2.30 2.69 0.67 2.50 0.27 0.42 357 26 -0.24 -0.05 104.07 100.00 6/18/2026 Yes 7 58 None
CSCO Cisco Systems Inc Options Chain 2.35 2.45 0.67 2.50 0.27 0.37 47 103 -0.29 -0.05 92.75 87.50 6/18/2026 Yes 9 65 None
FCX Freeport-McMoRan Inc Options Chain 1.30 1.40 0.79 3.00 0.26 0.48 801 153 -0.22 -0.04 56.77 50.00 6/18/2026 No 13 63 None
D Dominion Energy Inc Options Chain 0.80 1.45 0.65 2.50 0.26 0.23 122 24 -0.27 -0.02 63.29 60.00 6/18/2026 No 13 70 None
CARR Carrier Global Corp Options Chain 1.75 1.90 0.65 2.50 0.26 0.37 28 97 -0.30 -0.04 67.62 62.50 6/18/2026 No 7 53 None
GPN Global Payments Inc Options Chain 1.90 2.35 0.63 2.50 0.25 0.51 41 2 -0.26 -0.05 72.36 65.00 6/18/2026 Yes 11 66 None
V Visa Inc - Class A Options Chain 4.80 5.35 1.25 5.00 0.25 0.23 154 84 -0.29 -0.12 326.85 315.00 6/18/2026 No 11 71 None
RF Regions Financial Corp Options Chain 0.40 0.65 0.25 1.00 0.25 0.31 5 59 -0.27 -0.01 28.19 26.00 6/18/2026 No 18 70 None
ALLY Ally Financial Inc Options Chain 0.90 1.15 0.25 1.00 0.25 0.33 11 5 -0.30 -0.02 43.48 41.00 6/18/2026 No 9 63 None
JEF Jefferies Financial Group Inc Options Chain 1.25 1.85 0.62 2.50 0.25 0.45 3 2 -0.30 -0.03 49.29 45.00 6/18/2026 No 12 64 None
QCOM Qualcomm Inc Options Chain 3.80 4.10 1.23 5.00 0.25 0.41 2144 1310 -0.25 -0.09 177.01 155.00 6/18/2026 No 11 63 None
XOM Exxon Mobil Corp Options Chain 3.05 3.30 1.22 5.00 0.24 0.31 343 244 -0.29 -0.06 152.75 145.00 6/18/2026 Yes 9 66 None
JCI Johnson Controls International plc Options Chain 3.30 3.80 1.20 5.00 0.24 0.38 0 52 -0.28 -0.08 145.08 135.00 6/18/2026 Yes 8 60 None
APH Amphenol Corp - Class A Options Chain 4.20 4.50 1.20 5.00 0.24 0.47 47 40 -0.28 -0.10 141.30 130.00 6/18/2026 No 9 58 None
KKR KKR & Co. Inc Options Chain 2.80 3.40 0.60 2.50 0.24 0.47 7 11 -0.27 -0.07 103.68 95.00 6/18/2026 Yes 8 65 None
IBM International Business Machines Corp Options Chain 4.45 4.90 1.18 5.00 0.24 0.33 256 52 -0.27 -0.09 232.20 215.00 6/18/2026 No 14 71 None
WFC Wells Fargo & Company Options Chain 1.48 1.60 0.59 2.50 0.24 0.30 134 436 -0.28 -0.03 79.18 75.00 6/18/2026 No 13 75 None
JPM JPMorgan Chase & Company Options Chain 4.95 5.55 1.17 5.00 0.23 0.26 77 126 -0.28 -0.13 312.47 295.00 6/18/2026 No 12 79 None
OXY Occidental Petroleum Corp Options Chain 1.42 1.50 0.58 2.50 0.23 0.43 237 200 -0.25 -0.03 58.71 55.00 6/18/2026 Yes 7 51 None
NYT New York Times Co. - Class A Options Chain 1.80 2.15 0.58 2.50 0.23 0.42 38 35 -0.26 -0.05 78.72 72.50 6/18/2026 Yes 13 60 None
LUV Southwest Airlines Company Options Chain 1.18 1.28 0.58 2.50 0.23 0.50 171 45 -0.28 -0.02 38.76 35.00 6/18/2026 No 10 56 None
DVN Devon Energy Corp Options Chain 1.13 1.40 0.58 2.50 0.23 0.40 3 24 -0.30 -0.03 50.56 47.50 6/18/2026 Yes 7 53 None
BMY Bristol-Myers Squibb Company Options Chain 1.16 1.19 0.58 2.50 0.23 0.29 161 116 -0.30 -0.03 57.27 55.00 6/18/2026 No 15 60 None
UNH Unitedhealth Group Inc Options Chain 6.05 6.40 2.30 10.00 0.23 0.29 129 274 -0.26 -0.15 368.10 350.00 6/18/2026 No 9 58 None
BKR Baker Hughes Co - Class A Options Chain 1.75 2.00 1.13 5.00 0.23 0.38 109 6 -0.30 -0.04 69.83 65.00 6/18/2026 No 12 55 None
MPC Marathon Petroleum Corp Options Chain 5.50 6.20 2.25 10.00 0.23 0.43 7 50 -0.25 -0.13 246.15 230.00 6/18/2026 Yes 11 63 None
APA APA Corporation Options Chain 1.20 1.26 0.56 2.50 0.22 0.54 11 10 -0.24 -0.03 42.09 37.50 6/18/2026 Yes 9 58 None
DAL Delta Air Lines Inc Options Chain 1.73 1.84 0.56 2.50 0.22 0.45 85 146 -0.25 -0.04 68.63 62.50 6/18/2026 No 17 66 None
GE General Electric Company Options Chain 6.05 6.30 2.23 10.00 0.22 0.39 48 100 -0.25 -0.16 286.51 260.00 6/18/2026 No 7 60 None
MCD McDonald`s Corp Options Chain 3.50 3.85 1.10 5.00 0.22 0.24 144 123 -0.26 -0.09 287.50 270.00 6/18/2026 Yes 9 61 None
SHEL Shell Plc ADR (Representing - ) Options Chain 1.25 1.40 0.55 2.50 0.22 0.31 4 5 -0.22 -0.03 89.46 82.50 6/18/2026 Yes 15 64 None
RRC Range Resources Corp Options Chain 0.85 0.95 0.22 1.00 0.22 0.36 23 0 -0.26 -0.02 42.63 40.00 6/18/2026 No 12 53 None
CTRA Coterra Energy Inc Options Chain 0.75 1.05 0.22 1.00 0.22 0.42 402 0 -0.27 -0.02 36.15 33.00 6/18/2026 Yes 15 67 None
IVZ Invesco Ltd Options Chain 0.55 0.75 0.22 1.00 0.22 0.40 0 4 -0.27 -0.01 25.89 24.00 6/18/2026 No 8 58 None
MFC Manulife Financial Corp Options Chain 0.60 0.80 0.22 1.00 0.22 0.25 0 4 -0.29 -0.01 39.10 37.00 6/18/2026 Yes 13 67 None
EC Ecopetrol SA Options Chain 0.35 0.55 0.22 1.00 0.22 0.45 10 30 -0.30 -0.01 13.92 13.00 6/18/2026 Yes 11 58 None
NEE NextEra Energy Inc Options Chain 1.42 1.49 0.52 2.50 0.21 0.27 126 74 -0.25 -0.03 97.30 90.00 6/18/2026 No 7 63 None
ABT Abbott Laboratories Options Chain 1.20 1.40 0.50 2.50 0.20 0.28 58 67 -0.24 -0.04 87.73 82.50 6/18/2026 No 11 65 None
FHN First Horizon Corporation Options Chain 0.35 0.50 0.20 1.00 0.20 0.32 0 2 -0.25 -0.01 24.89 23.00 6/18/2026 No 18 68 None
KMI Kinder Morgan Inc - Class P Options Chain 0.45 0.49 0.20 1.00 0.20 0.25 280 39 -0.26 -0.01 32.78 31.00 6/18/2026 No 10 60 None
PPL PPL Corp Options Chain 0.45 0.55 0.20 1.00 0.20 0.24 0 6 -0.26 -0.01 37.60 36.00 6/18/2026 Yes 7 59 None
FITB Fifth Third Bancorp Options Chain 0.85 1.10 0.20 1.00 0.20 0.30 6 6 -0.29 -0.02 50.43 47.00 6/18/2026 No 12 69 None
AA Alcoa Corp Options Chain 1.57 1.75 0.96 5.00 0.19 0.54 84 82 -0.22 -0.04 62.42 55.00 6/18/2026 No 9 52 None
PAAS Pan American Silver Corp Options Chain 1.45 1.60 0.95 5.00 0.19 0.57 20 1 -0.23 -0.04 51.81 45.00 6/18/2026 Yes 14 55 None
EPD Enterprise Products Partners L P Options Chain 0.32 0.52 0.19 1.00 0.19 0.21 6 0 -0.25 -0.01 38.03 37.00 6/18/2026 No 9 58 None
SCHW Charles Schwab Corp Options Chain 1.25 1.37 0.45 2.50 0.18 0.30 84 176 -0.23 -0.03 91.49 85.00 6/18/2026 No 15 69 None
GM General Motors Company Options Chain 1.31 1.42 0.45 2.50 0.18 0.35 146 11 -0.24 -0.04 75.77 70.00 6/18/2026 No 11 66 None
GIS General Mills Inc Options Chain 0.60 0.70 0.45 2.50 0.18 0.32 144 22 -0.26 -0.02 34.72 32.50 6/18/2026 No 11 61 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.20 0.25 0.18 1.00 0.18 0.34 5 0 -0.25 -0.01 11.76 11.00 6/18/2026 No 15 56 None
EXC Exelon Corp Options Chain 0.55 0.80 0.18 1.00 0.18 0.26 6 32 -0.27 -0.01 46.50 44.00 6/18/2026 Yes 10 65 None
KO Coca-Cola Company Options Chain 0.87 0.95 0.44 2.50 0.18 0.20 851 195 -0.27 -0.02 78.69 75.00 6/18/2026 No 8 63 None
MRK Merck & Co Inc Options Chain 1.76 1.91 0.87 5.00 0.17 0.32 672 152 -0.24 -0.04 112.16 105.00 6/18/2026 No 9 67 None
VZ Verizon Communications Inc Options Chain 0.47 0.53 0.17 1.00 0.17 0.23 1035 77 -0.23 -0.02 48.04 45.00 6/18/2026 No 9 64 None
PEP PepsiCo Inc Options Chain 1.74 1.85 0.83 5.00 0.17 0.25 1297 106 -0.23 -0.04 157.41 145.00 6/18/2026 No 9 54 None
CSX CSX Corp Options Chain 0.60 0.80 0.40 2.50 0.16 0.26 74 18 -0.27 -0.02 44.31 42.50 6/18/2026 No 10 60 None
LYB LyondellBasell Industries NV - Class A Options Chain 2.50 2.80 0.40 2.50 0.16 0.50 6 3 -0.30 -0.05 74.99 70.00 6/18/2026 No 7 60 None
CMCSA Comcast Corp - Class A Options Chain 0.32 0.36 0.16 1.00 0.16 0.30 145 36 -0.20 -0.01 27.10 25.00 6/18/2026 No 10 52 None
T AT&T Inc Options Chain 0.38 0.40 0.16 1.00 0.16 0.24 2351 140 -0.28 -0.01 26.10 25.00 6/18/2026 No 9 57 None
WMT Walmart Inc Options Chain 1.75 1.96 0.79 5.00 0.16 0.33 102 130 -0.20 -0.06 130.33 120.00 6/18/2026 Yes 8 58 None
C Citigroup Inc Options Chain 1.87 1.94 0.79 5.00 0.16 0.35 487 1449 -0.21 -0.06 125.50 115.00 6/18/2026 No 14 77 None
NVO Novo Nordisk Options Chain 1.06 1.13 0.78 5.00 0.16 0.48 488 711 -0.24 -0.03 43.88 40.00 6/18/2026 Yes 12 52 None
OKE Oneok Inc Options Chain 1.30 1.40 0.77 5.00 0.15 0.30 222 23 -0.23 -0.05 90.36 85.00 6/18/2026 Yes 12 74 None
HST Host Hotels & Resorts Inc Options Chain 0.20 0.40 0.15 1.00 0.15 0.35 1 1 -0.20 -0.01 21.13 19.00 6/18/2026 Yes 13 60 None
KDP Keurig Dr Pepper Inc Options Chain 0.20 0.40 0.15 1.00 0.15 0.25 4 1 -0.20 -0.01 29.09 27.00 6/18/2026 No 9 50 None
KEY Keycorp Options Chain 0.25 0.35 0.15 1.00 0.15 0.30 209 9 -0.22 -0.01 21.87 20.00 6/18/2026 No 10 59 None
INFY Infosys Ltd Options Chain 0.10 0.50 0.15 1.00 0.15 0.42 13 4 -0.24 0.00 12.55 11.00 6/18/2026 No 16 51 None
CVE Cenovus Energy Inc Options Chain 0.55 0.80 0.15 1.00 0.15 0.46 0 26 -0.24 -0.02 30.11 27.00 6/18/2026 Yes 12 65 None
BCS Barclays plc Options Chain 0.40 0.55 0.15 1.00 0.15 0.39 2 1 -0.24 -0.01 23.02 21.00 6/18/2026 No 17 68 None
HBAN Huntington Bancshares Inc Options Chain 0.20 0.35 0.15 1.00 0.15 0.33 62 0 -0.25 -0.01 16.63 15.00 6/18/2026 No 8 57 None