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
HPE Hewlett Packard Enterprise Company Options Chain 1.75 1.86 0.39 1.00 0.39 0.65 137 25 -0.28 -0.03 37.58 34.00 7/17/2026 Yes 6 51 None
COST Costco Wholesale Corp Options Chain 19.55 20.50 1.80 5.00 0.36 0.26 53 48 -0.29 -0.41 1,028.01 965.00 7/17/2026 Yes 14 61 None
GLW Corning Inc Options Chain 11.40 11.80 1.80 5.00 0.36 0.75 95 100 -0.29 -0.19 192.56 175.00 7/17/2026 No 8 52 None
AVGO Broadcom Inc Options Chain 12.55 15.95 1.77 5.00 0.35 0.54 4 2 -0.29 -0.36 412.85 390.00 7/2/2026 Yes 12 64 None
ORCL Oracle Corp Options Chain 9.30 9.70 1.75 5.00 0.35 0.62 5120 106 -0.29 -0.15 190.90 175.00 7/17/2026 Yes 7 61 None
APH Amphenol Corp - Class A Options Chain 6.50 7.00 1.75 5.00 0.35 0.55 45 67 -0.30 -0.10 132.33 130.00 7/17/2026 No 13 62 None
DELL Dell Technologies Inc - Class C Options Chain 16.65 17.75 3.45 10.00 0.35 0.75 55 88 -0.27 -0.30 294.90 270.00 7/17/2026 Yes 14 58 None
QCOM Qualcomm Inc Options Chain 15.85 17.00 3.35 10.00 0.34 0.82 210 170 -0.29 -0.26 237.24 220.00 7/17/2026 No 14 67 None
INTU Intuit Inc Options Chain 12.60 13.60 3.35 10.00 0.34 0.54 86 52 -0.30 -0.21 318.50 280.00 7/17/2026 No 12 56 None
AMKR AMKOR Technology Inc Options Chain 4.80 5.30 1.65 5.00 0.33 0.85 36 59 -0.29 -0.08 65.27 65.00 7/17/2026 No 14 52 None
BWA BorgWarner Inc Options Chain 2.00 2.55 0.80 2.50 0.32 0.48 2 0 -0.27 -0.04 65.87 62.50 7/17/2026 No 12 60 None
LLY Lilly(Eli) & Company Options Chain 25.85 28.05 3.10 10.00 0.31 0.34 25 38 -0.29 -0.54 1,065.00 1,010.00 7/17/2026 No 14 69 None
HPQ HP Inc Options Chain 0.89 0.99 0.31 1.00 0.31 0.53 88 63 -0.27 -0.01 25.26 22.00 7/17/2026 Yes 13 57 None
APA APA Corporation Options Chain 1.49 1.73 0.77 2.50 0.31 0.50 75 52 -0.30 -0.03 39.25 35.00 7/17/2026 No 10 53 None
VST Vistra Corp Options Chain 6.10 6.55 1.53 5.00 0.31 0.53 59 519 -0.28 -0.12 156.00 150.00 7/17/2026 No 8 56 None
SQM Sociedad Quimica Y Minera de Chile S.A. Options Chain 3.00 4.00 0.75 2.50 0.30 0.59 0 1 -0.28 -0.06 79.88 72.50 7/17/2026 Yes 11 58 None
IBM International Business Machines Corp Options Chain 6.45 7.45 1.47 5.00 0.29 0.38 103 235 -0.29 -0.14 252.12 235.00 7/17/2026 No 14 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.95 13.80 2.88 10.00 0.29 0.46 8525 165 -0.28 -0.25 403.49 380.00 7/17/2026 Yes 20 62
Dividend Stock List
NXPI NXP Semiconductors NV Options Chain 11.10 11.90 2.85 10.00 0.29 0.52 123 15 -0.27 -0.20 317.00 300.00 7/17/2026 No 11 65 None
NTAP Netapp Inc Options Chain 3.90 4.90 1.42 5.00 0.28 0.49 17 36 -0.26 -0.08 139.35 125.00 7/17/2026 Yes 13 65 None
GM General Motors Company Options Chain 2.25 2.38 0.70 2.50 0.28 0.38 551 13 -0.30 -0.04 78.59 75.00 7/17/2026 No 9 66 None
NEM Newmont Corp Options Chain 2.75 3.10 0.68 2.50 0.27 0.47 282 30 -0.23 -0.06 107.68 100.00 7/17/2026 No 14 64 None
DOW Dow Inc Options Chain 1.24 1.31 0.67 2.50 0.27 0.46 29 19 -0.30 -0.02 35.99 32.50 7/17/2026 No 6 51 None
UNH Unitedhealth Group Inc Options Chain 8.40 8.50 2.62 10.00 0.26 0.29 145 433 -0.30 -0.14 386.92 360.00 7/17/2026 No 11 64 None
C Citigroup Inc Options Chain 3.20 3.45 1.30 5.00 0.26 0.34 280 228 -0.30 -0.06 124.76 120.00 7/17/2026 Yes 12 69 None
DAL Delta Air Lines Inc Options Chain 2.64 2.81 0.65 2.50 0.26 0.50 205 83 -0.27 -0.05 75.64 72.50 7/17/2026 Yes 16 66 None
HD Home Depot Inc Options Chain 5.95 6.35 1.27 5.00 0.25 0.31 54 41 -0.27 -0.11 313.07 290.00 7/17/2026 No 6 60 None
GE General Electric Company Options Chain 8.35 8.95 2.50 10.00 0.25 0.42 78 137 -0.27 -0.18 302.78 290.00 7/17/2026 Yes 7 60 None
VZ Verizon Communications Inc Options Chain 0.80 0.84 0.25 1.00 0.25 0.24 53 57 -0.28 -0.01 48.35 46.00 7/17/2026 No 13 73 None
ALLY Ally Financial Inc Options Chain 1.10 1.25 0.25 1.00 0.25 0.38 0 1 -0.28 -0.02 42.35 40.00 7/17/2026 Yes 11 68 None
FHN First Horizon Corporation Options Chain 0.45 0.80 0.25 1.00 0.25 0.33 0 1 -0.30 -0.01 24.23 23.00 7/17/2026 Yes 13 61 None
SCHW Charles Schwab Corp Options Chain 1.83 2.02 0.62 2.50 0.25 0.30 33 63 -0.28 -0.04 90.15 85.00 7/17/2026 Yes 12 61 None
JPM JPMorgan Chase & Company Options Chain 5.65 6.10 1.23 5.00 0.25 0.28 102 4558 -0.28 -0.11 305.00 290.00 7/17/2026 Yes 12 79 None
RTX RTX Corp Options Chain 3.50 3.75 1.22 5.00 0.24 0.29 29 42 -0.29 -0.08 177.01 170.00 7/17/2026 No 14 68 None
CSCO Cisco Systems Inc Options Chain 2.80 2.99 1.20 5.00 0.24 0.37 150 264 -0.27 -0.06 120.23 110.00 7/17/2026 No 10 62 None
BMY Bristol-Myers Squibb Company Options Chain 1.12 1.24 0.59 2.50 0.24 0.27 43 42 -0.30 -0.02 59.48 55.00 7/17/2026 No 11 53 None
F Ford Motor Company Options Chain 0.42 0.43 0.23 1.00 0.23 0.44 985 868 -0.25 -0.01 14.90 14.00 7/17/2026 No 8 47 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.65 0.23 1.00 0.23 0.40 20 0 -0.26 -0.01 20.45 18.00 7/17/2026 No 9 60 None
EPD Enterprise Products Partners L P Options Chain 0.47 0.59 0.23 1.00 0.23 0.21 26 10 -0.27 -0.02 39.56 37.00 7/17/2026 No 9 59 None
BAC Bank Of America Corp Options Chain 0.98 1.05 0.23 1.00 0.23 0.30 179 167 -0.27 -0.02 51.70 49.00 7/17/2026 Yes 10 65 None
HAL Halliburton Company Options Chain 0.94 1.14 0.23 1.00 0.23 0.39 41 31 -0.27 -0.02 41.47 38.00 7/17/2026 No 10 56 None
WFC Wells Fargo & Company Options Chain 1.65 1.73 0.57 2.50 0.23 0.33 133 127 -0.26 -0.04 76.40 72.50 7/17/2026 Yes 13 74 None
EQT EQT Corp Options Chain 1.24 1.30 0.56 2.50 0.22 0.34 42 26 -0.27 -0.03 58.00 52.50 7/17/2026 No 17 72 None
UNP Union Pacific Corp Options Chain 3.70 4.50 1.10 5.00 0.22 0.26 362 21 -0.25 -0.08 268.90 255.00 7/17/2026 No 9 66 None
ZTS Zoetis Inc - Class A Options Chain 2.05 2.20 1.10 5.00 0.22 0.39 15 32 -0.27 -0.04 80.10 75.00 7/17/2026 No 15 65 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.50 0.22 1.00 0.22 0.34 12 4 -0.28 -0.01 15.92 15.00 7/17/2026 No 9 58 None
INFY Infosys Ltd Options Chain 0.10 0.80 0.22 1.00 0.22 0.47 4 11 -0.29 -0.01 12.80 11.00 7/17/2026 No 16 51 None
EXC Exelon Corp Options Chain 0.60 0.90 0.22 1.00 0.22 0.23 0 1 -0.29 -0.01 46.00 44.00 7/17/2026 No 8 57 None
DKS Dicks Sporting Goods Inc Options Chain 4.90 7.90 2.15 10.00 0.21 0.49 51 7 -0.23 -0.12 231.24 210.00 7/17/2026 Yes 7 63 None
AA Alcoa Corp Options Chain 2.67 2.91 1.07 5.00 0.21 0.63 627 54 -0.24 -0.06 71.82 65.00 7/17/2026 Yes 11 53 None
XOM Exxon Mobil Corp Options Chain 2.70 2.82 1.07 5.00 0.21 0.31 406 211 -0.25 -0.07 155.01 140.00 7/17/2026 No 11 70 None
TD Toronto Dominion Bank Options Chain 0.00 3.30 1.05 5.00 0.21 0.38 0 8 -0.21 -0.02 111.87 105.00 7/17/2026 Yes 17 77 None
LUV Southwest Airlines Company Options Chain 1.15 1.28 0.52 2.50 0.21 0.51 9 42 -0.24 -0.03 40.86 37.50 7/17/2026 No 10 56 None
BHP BHP Group Ltd Options Chain 2.00 2.25 1.03 5.00 0.21 0.38 2 12 -0.26 -0.04 84.40 80.00 7/17/2026 No 9 58 None
CLX Clorox Company Options Chain 1.90 2.10 1.02 5.00 0.20 0.33 515 34 -0.26 -0.05 95.00 90.00 7/17/2026 No 10 46 None
OKE Oneok Inc Options Chain 1.80 1.95 1.00 5.00 0.20 0.31 44 32 -0.28 -0.04 94.03 85.00 7/17/2026 No 10 64 None
KO Coca-Cola Company Options Chain 1.05 1.15 0.50 2.50 0.20 0.19 220 275 -0.30 -0.02 81.65 77.50 7/17/2026 No 9 63 None
EQNR Equinor ASA Options Chain 1.05 1.25 0.20 1.00 0.20 0.43 430 62 -0.28 -0.02 38.90 35.00 7/17/2026 No 11 58 None
PEP PepsiCo Inc Options Chain 2.00 2.20 0.98 5.00 0.20 0.28 166 81 -0.21 -0.04 150.57 135.00 7/17/2026 Yes 9 54 None
MO Altria Group Inc Options Chain 0.91 0.98 0.47 2.50 0.19 0.23 19 32 -0.19 -0.01 73.90 67.50 7/17/2026 No 12 68 None
PPL PPL Corp Options Chain 0.35 0.50 0.18 1.00 0.18 0.22 1 0 -0.23 -0.01 36.32 34.00 7/17/2026 No 8 60 None
KMI Kinder Morgan Inc - Class P Options Chain 0.37 0.52 0.18 1.00 0.18 0.25 29 8 -0.24 -0.01 33.79 31.00 7/17/2026 Yes 10 60 None
CVE Cenovus Energy Inc Options Chain 0.70 0.75 0.18 1.00 0.18 0.45 2 1 -0.24 -0.01 30.21 26.00 7/17/2026 No 15 66 None
GIS General Mills Inc Options Chain 0.65 0.70 0.43 2.50 0.17 0.39 126 29 -0.22 -0.01 33.73 30.00 7/17/2026 Yes 11 61 None
HST Host Hotels & Resorts Inc Options Chain 0.00 0.60 0.17 1.00 0.17 0.44 1 1 -0.19 -0.01 22.38 20.85 7/17/2026 No 10 53 None
TFC Truist Financial Corporation Options Chain 0.80 0.90 0.42 2.50 0.17 0.32 11 18 -0.23 -0.02 48.25 45.00 7/17/2026 Yes 15 73 None
BKR Baker Hughes Co - Class A Options Chain 1.15 1.45 0.80 5.00 0.16 0.40 3 2 -0.22 -0.03 66.01 60.00 7/17/2026 No 12 55 None
TJX TJX Companies Inc Options Chain 1.65 1.90 0.80 5.00 0.16 0.23 47 62 -0.22 -0.06 158.27 150.00 7/17/2026 No 14 61 None
KHC Kraft Heinz Company Options Chain 0.49 0.59 0.40 2.50 0.16 0.29 84 33 -0.29 -0.01 23.85 22.50 7/17/2026 No 8 58 None
FCX Freeport-McMoRan Inc Options Chain 1.32 1.40 0.76 5.00 0.15 0.52 194 65 -0.18 -0.04 61.99 55.00 7/17/2026 No 9 58 None
CGNX Cognex Corp Options Chain 1.20 2.00 0.75 5.00 0.15 0.48 7 0 -0.23 -0.04 66.09 60.00 7/17/2026 No 15 57 None
BCS Barclays plc Options Chain 0.40 0.55 0.15 1.00 0.15 0.41 1 0 -0.24 -0.01 23.90 22.00 7/17/2026 No 14 59 None
RF Regions Financial Corp Options Chain 0.25 0.75 0.15 1.00 0.15 0.30 3 4 -0.24 -0.01 27.83 26.00 7/17/2026 Yes 17 70 None