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
KDP Keurig Dr Pepper Inc Options Chain 0.30 1.70 0.75 1.00 0.75 0.22 1 0 -0.30 -0.01 33.21 32.00 8/15/2025 Yes 9 58 None
DUK Duke Energy Corp Options Chain 1.45 3.90 2.23 5.00 0.45 0.22 7 10 -0.27 -0.03 114.58 110.00 8/15/2025 No 12 66 None
FITB Fifth Third Bancorp Options Chain 0.40 1.40 0.43 1.00 0.43 0.29 0 76 -0.29 -0.01 38.78 37.00 8/15/2025 Yes 10 65 None
RIO Rio Tinto plc Options Chain 1.15 2.00 0.90 2.50 0.36 0.34 129 26 -0.29 -0.02 56.94 52.50 8/15/2025 Yes 16 67 None
YUMC Yum China Holdings Inc Options Chain 1.05 1.90 0.85 2.50 0.34 0.43 2 0 -0.27 -0.02 42.76 40.00 8/15/2025 No 17 16 None
WMT Walmart Inc Options Chain 1.90 2.43 0.83 2.50 0.33 0.26 127 177 -0.30 -0.03 95.09 92.50 8/15/2025 No 11 46 None
RTX RTX Corp Options Chain 2.70 3.80 1.45 5.00 0.29 0.29 9 8 -0.29 -0.06 145.87 140.00 8/15/2025 Yes 10 64 None
INTC Intel Corp Options Chain 0.75 0.82 0.29 1.00 0.29 0.54 10698 187 -0.27 -0.01 21.49 19.00 8/15/2025 Yes 5 46 None
NEM Newmont Corp Options Chain 1.73 1.79 0.71 2.50 0.28 0.37 626 23 -0.30 -0.03 58.26 55.00 8/15/2025 Yes 16 70 None
FAST Fastenal Company Options Chain 0.85 1.15 0.33 1.25 0.26 0.31 4 0 -0.30 -0.01 41.49 38.75 8/15/2025 Yes 11 48 None
MCHP Microchip Technology Inc Options Chain 2.25 2.40 0.65 2.50 0.26 0.50 5 6 -0.26 -0.04 68.02 62.50 8/15/2025 Yes 3 50 None
RRC Range Resources Corp Options Chain 1.20 1.40 0.25 1.00 0.25 0.42 0 10 -0.27 -0.03 42.57 40.00 8/15/2025 Yes 9 58 None
COP Conoco Phillips Options Chain 1.98 2.34 0.62 2.50 0.25 0.36 7 55 -0.26 -0.04 93.80 87.50 8/15/2025 Yes 12 66 None
TSM Taiwan Semiconductor Manufacturing Options Chain 5.75 5.95 1.23 5.00 0.25 0.39 44 389 -0.27 -0.11 213.75 195.00 8/15/2025 Yes 24 64
Dividend Stock List
QCOM Qualcomm Inc Options Chain 4.20 4.40 1.23 5.00 0.25 0.40 23 1111 -0.27 -0.08 153.63 140.00 8/15/2025 Yes 13 64 None
UNH Unitedhealth Group Inc Options Chain 11.45 11.80 2.40 10.00 0.24 0.48 226 552 -0.29 -0.19 306.29 280.00 8/15/2025 Yes 14 69 None
GM General Motors Company Options Chain 1.02 1.72 0.60 2.50 0.24 0.38 11 1 -0.29 -0.02 48.09 45.00 8/15/2025 Yes 14 68 None
GIS General Mills Inc Options Chain 1.25 1.40 0.60 2.50 0.24 0.31 18 122 -0.30 -0.02 52.96 50.00 8/15/2025 Yes 12 57 None
DELL Dell Technologies Inc - Class C Options Chain 3.15 3.25 1.19 5.00 0.24 0.39 172 950 -0.27 -0.06 116.56 110.00 8/15/2025 No 15 64 None
AAPL Apple Inc Options Chain 4.65 4.80 1.18 5.00 0.24 0.31 4245 961 -0.28 -0.08 201.00 190.00 8/15/2025 Yes 10 65 None
NEE NextEra Energy Inc Options Chain 1.63 1.84 0.59 2.50 0.24 0.33 64 30 -0.28 -0.03 71.57 67.50 8/15/2025 Yes 8 55 None
CMCSA Comcast Corp - Class A Options Chain 0.70 1.12 0.59 2.50 0.24 0.34 16 3 -0.30 -0.01 34.26 32.50 8/15/2025 Yes 12 64 None
NKE Nike Inc - Class B Options Chain 1.86 1.92 0.58 2.50 0.23 0.44 51 27 -0.27 -0.04 59.51 55.00 8/15/2025 Yes 16 50 None
BKR Baker Hughes Co - Class A Options Chain 0.80 1.05 0.23 1.00 0.23 0.36 2 1 -0.27 -0.02 39.00 36.00 8/15/2025 Yes 12 56 None
AVGO Broadcom Inc Options Chain 6.90 7.10 2.28 10.00 0.23 0.41 1355 284 -0.26 -0.14 249.99 230.00 8/15/2025 No 9 67 None
AMGN AMGEN Inc Options Chain 6.20 7.50 1.13 5.00 0.23 0.34 5 0 -0.27 -0.12 289.33 270.00 8/15/2025 Yes 11 61 None
CLX Clorox Company Options Chain 2.45 3.50 1.13 5.00 0.23 0.32 17 23 -0.29 -0.05 120.93 115.00 8/15/2025 Yes 15 56 None
MO Altria Group Inc Options Chain 0.92 1.15 0.56 2.50 0.22 0.23 34 5 -0.29 -0.02 59.49 57.50 8/15/2025 Yes 12 68 None
V Visa Inc - Class A Options Chain 6.75 7.05 1.10 5.00 0.22 0.29 128 68 -0.26 -0.13 340.38 320.00 8/15/2025 Yes 12 59 None
JPM JPMorgan Chase & Company Options Chain 5.25 5.40 1.10 5.00 0.22 0.27 93 168 -0.27 -0.09 273.96 260.00 8/15/2025 Yes 14 68 None
MCD McDonald`s Corp Options Chain 4.25 4.45 1.10 5.00 0.22 0.23 224 20 -0.27 -0.10 289.63 275.00 8/15/2025 Yes 9 66 None
OXY Occidental Petroleum Corp Options Chain 1.17 1.25 0.55 2.50 0.22 0.38 5125 275 -0.27 -0.02 45.35 42.50 8/15/2025 No 12 66 None
GE General Electric Company Options Chain 6.00 6.25 2.18 10.00 0.22 0.39 18 5 -0.26 -0.11 235.89 220.00 8/15/2025 Yes 9 64 None
CG Carlyle Group Inc (The) Options Chain 0.90 1.70 0.53 2.50 0.21 0.44 2 1 -0.26 -0.03 46.86 42.50 8/15/2025 No 14 51 None
MSFT Microsoft Corporation Options Chain 9.75 10.70 1.05 5.00 0.21 0.25 117 102 -0.30 -0.18 480.24 460.00 8/15/2025 Yes 13 68 None
BAC Bank Of America Corp Options Chain 0.88 0.90 0.21 1.00 0.21 0.29 880 152 -0.27 -0.02 45.50 43.00 8/15/2025 Yes 12 73 None
JNJ Johnson & Johnson Options Chain 2.35 2.69 1.03 5.00 0.21 0.21 41 135 -0.28 -0.04 150.73 145.00 8/15/2025 Yes 16 57 None
CHD Church & Dwight Co. Inc Options Chain 2.20 2.75 1.03 5.00 0.21 0.28 2 0 -0.30 -0.03 96.43 95.00 8/15/2025 Yes 7 50 None
NVO Novo Nordisk Options Chain 1.88 2.27 1.02 5.00 0.20 0.51 117 35 -0.22 -0.05 74.01 65.00 8/15/2025 No 15 73 None
C Citigroup Inc Options Chain 1.40 1.60 0.51 2.50 0.20 0.32 15 40 -0.24 -0.03 78.45 72.50 8/15/2025 Yes 18 75 None
SBUX Starbucks Corp Options Chain 2.11 2.25 1.01 5.00 0.20 0.38 26 15 -0.25 -0.04 92.28 85.00 8/15/2025 No 10 45 None
GFI Gold Fields Ltd Options Chain 0.10 0.95 0.20 1.00 0.20 0.41 1 0 -0.25 -0.02 24.32 22.00 8/15/2025 No 13 58 None
RF Regions Financial Corp Options Chain 0.40 0.55 0.20 1.00 0.20 0.30 0 6 -0.27 -0.01 21.96 21.00 8/15/2025 Yes 14 62 None
ORCL Oracle Corp Options Chain 3.75 3.95 0.99 5.00 0.20 0.32 392 186 -0.25 -0.08 210.87 190.00 8/15/2025 No 9 61 None
SYY Sysco Corp Options Chain 1.00 1.40 0.48 2.50 0.19 0.26 0 4 -0.27 -0.02 73.97 70.00 8/15/2025 Yes 14 53 None
T AT&T Inc Options Chain 0.54 0.61 0.19 1.00 0.19 0.30 104 44 -0.28 -0.01 27.66 26.00 8/15/2025 Yes 10 66 None
WFC Wells Fargo & Company Options Chain 1.38 1.48 0.47 2.50 0.19 0.32 118 782 -0.25 -0.03 74.74 70.00 8/15/2025 Yes 13 62 None
BHP BHP Group Ltd Options Chain 0.70 0.95 0.45 2.50 0.18 0.31 47 32 -0.21 -0.02 46.14 42.50 8/15/2025 No 14 25 None
GSK GSK Plc Options Chain 0.75 0.85 0.18 1.00 0.18 0.35 20 15 -0.25 -0.02 38.64 35.00 8/15/2025 Yes 12 54 None
LUV Southwest Airlines Company Options Chain 0.63 0.67 0.44 2.50 0.18 0.44 121 183 -0.19 -0.02 31.16 27.50 8/15/2025 Yes 11 52 None
CVX Chevron Corp Options Chain 2.20 2.67 0.87 5.00 0.17 0.28 37 75 -0.24 -0.06 148.19 140.00 8/15/2025 Yes 12 77 None
KR Kroger Company Options Chain 0.96 1.06 0.43 2.50 0.17 0.26 108 133 -0.23 -0.02 65.52 67.50 8/15/2025 No 12 63 None
SCHW Charles Schwab Corp Options Chain 1.28 1.78 0.43 2.50 0.17 0.31 3 12 -0.24 -0.04 89.91 82.50 8/15/2025 Yes 12 67 None
VZ Verizon Communications Inc Options Chain 0.62 0.72 0.17 1.00 0.17 0.25 13 20 -0.22 -0.01 41.67 39.00 8/15/2025 Yes 14 65 None
FCX Freeport-McMoRan Inc Options Chain 0.95 1.20 0.17 1.00 0.17 0.41 26 2 -0.27 -0.02 41.18 37.00 8/15/2025 Yes 11 59 None
BDX Becton Dickinson & Company Options Chain 1.90 6.00 0.83 5.00 0.17 0.29 11 11 -0.30 -0.07 168.42 160.00 8/15/2025 Yes 12 54 None
SYF Synchrony Financial Options Chain 1.60 1.85 0.40 2.50 0.16 0.39 0 1 -0.29 -0.03 61.45 57.50 8/15/2025 Yes 15 63 None
PEP PepsiCo Inc Options Chain 1.76 1.87 0.77 5.00 0.15 0.28 101 33 -0.21 -0.05 129.07 120.00 8/15/2025 Yes 12 55 None
PG Procter & Gamble Company Options Chain 1.84 2.20 0.76 5.00 0.15 0.23 34 5 -0.25 -0.04 158.02 150.00 8/15/2025 Yes 12 72 None
PRU Prudential Financial Inc Options Chain 1.65 1.95 0.38 2.50 0.15 0.29 0 2 -0.24 -0.04 104.11 97.50 8/15/2025 Yes 13 69 None
HPE Hewlett Packard Enterprise Company Options Chain 0.29 0.32 0.15 1.00 0.15 0.39 93 0 -0.20 -0.01 17.78 16.00 8/15/2025 No 16 58 None
PR Permian Resources Corp - Class A Options Chain 0.25 0.40 0.15 1.00 0.15 0.45 1 0 -0.22 -0.01 14.69 13.00 8/15/2025 No 15 56 None
BP BP plc Options Chain 0.42 0.68 0.15 1.00 0.15 0.29 2 51 -0.27 -0.01 31.14 29.00 8/15/2025 Yes 8 55 None
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