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
IBM International Business Machines Corp Options Chain 12.05 13.20 1.90 5.00 0.38 0.53 333 475 -0.29 -0.26 329.23 305.00 7/17/2026 No 10 63 None
DELL Dell Technologies Inc - Class C Options Chain 21.80 23.30 3.62 10.00 0.36 0.73 36 64 -0.28 -0.44 475.75 390.00 7/17/2026 No 14 54 None
ORCL Oracle Corp Options Chain 12.50 13.15 3.45 10.00 0.35 0.72 933 850 -0.28 -0.23 241.80 220.00 7/17/2026 No 7 61 None
HPQ HP Inc Options Chain 1.07 1.14 0.34 1.00 0.34 0.54 1272 2180 -0.30 -0.02 29.49 25.00 7/17/2026 No 10 50 None
AVGO Broadcom Inc Options Chain 18.85 19.75 3.35 10.00 0.34 0.57 221 852 -0.29 -0.39 472.43 440.00 7/17/2026 Yes 9 62 None
QCOM Qualcomm Inc Options Chain 12.25 13.15 3.32 10.00 0.33 0.81 362 204 -0.26 -0.25 240.84 210.00 7/17/2026 No 14 68 None
BHP BHP Group Ltd Options Chain 2.45 2.85 0.80 2.50 0.32 0.40 102 26 -0.29 -0.05 91.01 87.50 7/17/2026 No 9 58 None
PAAS Pan American Silver Corp Options Chain 1.90 2.10 0.32 1.00 0.32 0.57 40 0 -0.27 -0.05 55.61 50.00 7/17/2026 No 14 55 None
GLW Corning Inc Options Chain 10.90 11.90 1.55 5.00 0.31 0.76 116 117 -0.30 -0.21 176.72 180.00 7/17/2026 No 8 52 None
INTU Intuit Inc Options Chain 10.00 11.10 3.00 10.00 0.30 0.56 56 111 -0.25 -0.24 322.14 290.00 7/17/2026 No 13 58 None
AA Alcoa Corp Options Chain 3.50 3.90 1.50 5.00 0.30 0.68 63 64 -0.26 -0.08 77.81 75.00 7/17/2026 Yes 10 53 None
CRM Salesforce Inc Options Chain 5.90 6.15 1.50 5.00 0.30 0.47 240 394 -0.27 -0.13 208.00 185.00 7/17/2026 No 15 70 None
MSFT Microsoft Corporation Options Chain 9.15 9.45 1.50 5.00 0.30 0.31 1041 296 -0.29 -0.22 441.31 420.00 7/17/2026 No 15 71 None
VST Vistra Corp Options Chain 5.40 5.80 1.45 5.00 0.29 0.53 997 76 -0.28 -0.12 154.48 145.00 7/17/2026 No 10 62 None
COST Costco Wholesale Corp Options Chain 14.25 15.45 1.45 5.00 0.29 0.23 39 40 -0.29 -0.37 945.07 920.00 7/17/2026 No 14 61 None
CSCO Cisco Systems Inc Options Chain 3.60 3.80 1.40 5.00 0.28 0.41 707 268 -0.29 -0.07 122.00 120.00 7/17/2026 No 9 62 None
CLX Clorox Company Options Chain 2.10 2.55 1.40 5.00 0.28 0.36 27 7 -0.30 -0.05 89.50 85.00 7/17/2026 No 9 47 None
HAL Halliburton Company Options Chain 0.90 1.01 0.27 1.00 0.27 0.41 6 1 -0.26 -0.02 39.50 37.00 7/17/2026 No 10 54 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.60 14.80 2.67 10.00 0.27 0.50 114 484 -0.27 -0.30 437.73 410.00 7/17/2026 No 20 62
Dividend Stock List
DOW Dow Inc Options Chain 1.14 1.23 0.66 2.50 0.26 0.46 55 116 -0.30 -0.02 34.58 32.50 7/17/2026 No 6 49 None
FCX Freeport-McMoRan Inc Options Chain 2.53 2.67 1.30 5.00 0.26 0.56 936 916 -0.27 -0.06 66.75 65.00 7/17/2026 No 14 63 None
APH Amphenol Corp - Class A Options Chain 4.90 5.40 1.30 5.00 0.26 0.55 19 29 -0.27 -0.11 145.99 135.00 7/17/2026 No 11 60 None
PEP PepsiCo Inc Options Chain 2.78 2.87 1.28 5.00 0.26 0.27 126 233 -0.29 -0.04 141.67 135.00 7/17/2026 No 9 56 None
V Visa Inc - Class A Options Chain 4.70 5.10 1.27 5.00 0.25 0.23 253 216 -0.29 -0.12 322.88 305.00 7/17/2026 No 11 71 None
AZN Astrazeneca plc Options Chain 3.60 4.20 1.27 5.00 0.25 0.30 128 9 -0.30 -0.08 182.08 170.00 7/17/2026 No 12 68 None
APA APA Corporation Options Chain 1.14 1.28 0.63 2.50 0.25 0.48 50 23 -0.28 -0.03 37.90 35.00 7/17/2026 No 10 53 None
ALLY Ally Financial Inc Options Chain 0.90 1.10 0.25 1.00 0.25 0.41 1 0 -0.25 -0.03 42.26 39.00 7/17/2026 Yes 16 77 None
BWA BorgWarner Inc Options Chain 1.95 2.65 0.62 2.50 0.25 0.51 46 3 -0.26 -0.06 71.00 67.50 7/17/2026 No 11 59 None
WFC Wells Fargo & Company Options Chain 1.78 1.85 0.61 2.50 0.24 0.35 667 55 -0.28 -0.04 79.44 75.00 7/17/2026 No 13 74 None
F Ford Motor Company Options Chain 0.45 0.49 0.24 1.00 0.24 0.44 494 642 -0.27 -0.01 16.63 15.00 7/17/2026 No 9 47 None
HPE Hewlett Packard Enterprise Company Options Chain 2.75 3.05 0.24 1.00 0.24 0.75 301 126 -0.28 -0.06 60.18 50.00 7/17/2026 No 6 52 None
JPM JPMorgan Chase & Company Options Chain 5.35 5.60 1.18 5.00 0.24 0.29 3669 85 -0.28 -0.12 300.96 285.00 7/17/2026 No 10 70 None
DVN Devon Energy Corp Options Chain 1.08 1.17 0.58 2.50 0.23 0.41 1972 46 -0.27 -0.02 46.39 42.50 7/17/2026 No 7 51 None
EPD Enterprise Products Partners L P Options Chain 0.26 0.73 0.23 1.00 0.23 0.23 1 312 -0.24 -0.01 37.29 36.00 7/17/2026 No 9 58 None
EXC Exelon Corp Options Chain 0.50 0.85 0.23 1.00 0.23 0.23 3 11 -0.29 -0.01 44.61 43.00 7/17/2026 No 11 65 None
IVZ Invesco Ltd Options Chain 0.65 1.00 0.23 1.00 0.23 0.41 0 10 -0.30 -0.02 27.48 26.00 7/17/2026 No 7 56 None
PG Procter & Gamble Company Options Chain 2.11 2.22 1.11 5.00 0.22 0.24 243 666 -0.29 -0.06 140.82 135.00 7/17/2026 No 9 65 None
SCHW Charles Schwab Corp Options Chain 1.66 1.80 0.55 2.50 0.22 0.33 21 77 -0.27 -0.05 87.61 82.50 7/17/2026 No 16 69 None
VZ Verizon Communications Inc Options Chain 0.63 0.69 0.22 1.00 0.22 0.26 120 12 -0.24 -0.01 47.67 45.00 7/17/2026 No 9 64 None
BAC Bank Of America Corp Options Chain 0.87 0.90 0.22 1.00 0.22 0.31 61 209 -0.25 -0.02 51.45 49.00 7/17/2026 Yes 10 65 None
RF Regions Financial Corp Options Chain 0.35 0.75 0.22 1.00 0.22 0.35 26 1 -0.25 -0.01 27.34 26.00 7/17/2026 No 18 70 None
BKR Baker Hughes Co - Class A Options Chain 1.50 1.90 1.05 5.00 0.21 0.41 14 1 -0.28 -0.04 63.25 60.00 7/17/2026 No 15 63 None
MS Morgan Stanley Options Chain 3.75 4.05 1.04 5.00 0.21 0.34 199 211 -0.24 -0.11 214.98 200.00 7/17/2026 No 10 67 None
XOM Exxon Mobil Corp Options Chain 2.35 2.61 1.03 5.00 0.21 0.31 66 93 -0.24 -0.07 149.56 140.00 7/17/2026 No 9 64 None
MPC Marathon Petroleum Corp Options Chain 4.90 5.30 2.00 10.00 0.20 0.40 78 36 -0.22 -0.14 258.84 240.00 7/17/2026 No 15 71 None
SLB SLB Options Chain 1.07 1.35 0.50 2.50 0.20 0.36 31 45 -0.27 -0.03 56.56 52.50 7/17/2026 No 9 66 None
CVE Cenovus Energy Inc Options Chain 0.65 0.85 0.20 1.00 0.20 0.42 0 4 -0.28 -0.02 28.44 27.00 7/17/2026 No 14 66 None
UNH Unitedhealth Group Inc Options Chain 5.55 6.15 1.95 10.00 0.20 0.31 194 286 -0.23 -0.13 378.40 350.00 7/17/2026 No 11 64 None
LUV Southwest Airlines Company Options Chain 0.93 1.11 0.48 2.50 0.19 0.50 31 29 -0.22 -0.02 42.63 37.50 7/17/2026 No 11 61 None
KO Coca-Cola Company Options Chain 0.87 0.90 0.46 2.50 0.18 0.20 131 67 -0.26 -0.02 78.41 75.00 7/17/2026 No 12 70 None
DG Dollar General Corp Options Chain 1.71 1.99 0.90 5.00 0.18 0.42 94 34 -0.21 -0.05 115.75 95.00 7/17/2026 No 16 63 None
PPL PPL Corp Options Chain 0.35 0.60 0.18 1.00 0.18 0.24 3 0 -0.26 -0.01 34.58 33.00 7/17/2026 No 10 67 None
C Citigroup Inc Options Chain 2.02 2.18 0.88 5.00 0.18 0.36 364 173 -0.21 -0.06 128.33 120.00 7/17/2026 No 12 69 None
NVO Novo Nordisk Options Chain 1.07 1.14 0.87 5.00 0.17 0.41 7790 1985 -0.28 -0.03 44.03 40.00 7/17/2026 No 17 63 None
JNJ Johnson & Johnson Options Chain 2.58 2.80 1.60 10.00 0.16 0.26 108 160 -0.22 -0.09 223.48 210.00 7/17/2026 No 9 66 None
ROL Rollins Inc Options Chain 0.35 1.15 0.40 2.50 0.16 0.29 119 11 -0.25 -0.02 45.04 42.50 7/17/2026 No 9 55 None
BNS Bank Of Nova Scotia Options Chain 0.85 1.40 0.40 2.50 0.16 0.21 5 1 -0.29 -0.02 78.61 77.50 7/17/2026 No 10 65 None
T AT&T Inc Options Chain 0.31 0.36 0.16 1.00 0.16 0.27 728 137 -0.23 -0.01 24.64 23.00 7/17/2026 No 8 58 None
KMI Kinder Morgan Inc - Class P Options Chain 0.34 0.50 0.16 1.00 0.16 0.24 30 0 -0.27 -0.01 30.90 30.00 7/17/2026 No 10 60 None
NEE NextEra Energy Inc Options Chain 1.17 1.26 0.75 5.00 0.15 0.28 60 54 -0.23 -0.03 85.68 80.00 7/17/2026 No 10 72 None
FHN First Horizon Corporation Options Chain 0.30 0.50 0.15 1.00 0.15 0.35 1 0 -0.22 -0.01 23.62 22.00 7/17/2026 No 18 68 None
BCS Barclays plc Options Chain 0.45 0.50 0.15 1.00 0.15 0.40 128 0 -0.22 -0.01 24.50 23.00 7/17/2026 No 17 65 None
INFY Infosys Ltd Options Chain 0.05 0.70 0.15 1.00 0.15 0.35 4038 1 -0.27 0.00 13.08 12.00 7/17/2026 No 16 51 None