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 2.55 3.15 0.48 1.00 0.48 0.79 15 107 -0.30 -0.05 38.21 39.00 7/17/2026 Yes 6 51 None
QCOM Qualcomm Inc Options Chain 13.35 16.05 4.07 10.00 0.41 0.81 334 805 -0.27 -0.25 243.29 220.00 7/17/2026 No 11 64 None
DELL Dell Technologies Inc - Class C Options Chain 23.65 25.35 3.85 10.00 0.39 0.74 130 100 -0.29 -0.43 441.00 380.00 7/17/2026 No 11 53 None
GLW Corning Inc Options Chain 10.20 10.80 1.87 5.00 0.37 0.71 102 158 -0.30 -0.18 182.97 165.00 7/17/2026 No 8 52 None
TSM Taiwan Semiconductor Manufacturing Options Chain 13.90 15.00 3.60 10.00 0.36 0.46 135 159 -0.29 -0.27 424.86 390.00 7/17/2026 Yes 23 66
Dividend Stock List
AVGO Broadcom Inc Options Chain 17.10 18.20 3.40 10.00 0.34 0.54 605 575 -0.28 -0.32 431.40 410.00 7/17/2026 Yes 11 64 None
NTAP Netapp Inc Options Chain 5.00 7.00 1.65 5.00 0.33 0.49 7 11 -0.28 -0.12 162.50 160.00 7/17/2026 No 13 68 None
IBM International Business Machines Corp Options Chain 9.65 11.15 1.57 5.00 0.31 0.49 5076 165 -0.28 -0.20 264.22 275.00 7/17/2026 No 10 65 None
GS Goldman Sachs Group Inc Options Chain 22.25 27.50 1.53 5.00 0.31 0.33 23 15 -0.30 -0.46 1,008.37 970.00 7/17/2026 Yes 9 68 None
COST Costco Wholesale Corp Options Chain 15.15 17.30 1.53 5.00 0.31 0.22 101 131 -0.30 -0.33 995.98 925.00 7/17/2026 No 15 61 None
AEM Agnico Eagle Mines Ltd Options Chain 5.60 6.10 1.50 5.00 0.30 0.45 2 35 -0.28 -0.12 178.44 170.00 7/17/2026 No 17 72 None
INFY Infosys Ltd Options Chain 0.25 0.80 0.30 1.00 0.30 0.62 10 0 -0.19 0.00 12.70 11.00 7/17/2026 No 13 43 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.65 0.30 1.00 0.30 0.37 74 1 -0.30 -0.01 19.32 18.00 7/17/2026 No 10 60 None
ORCL Oracle Corp Options Chain 10.25 10.90 1.45 5.00 0.29 0.69 475 183 -0.26 -0.20 203.70 200.00 7/17/2026 Yes 9 66 None
SIRI Sirius XM Holdings Inc Options Chain 0.38 0.95 0.29 1.00 0.29 0.39 3 0 -0.23 -0.01 29.87 27.00 7/17/2026 No 11 61 None
AA Alcoa Corp Options Chain 3.25 3.55 1.44 5.00 0.29 0.62 70 138 -0.28 -0.07 75.82 70.00 7/17/2026 Yes 13 53 None
APH Amphenol Corp - Class A Options Chain 5.10 5.70 1.40 5.00 0.28 0.53 34 34 -0.28 -0.10 148.72 135.00 7/17/2026 No 9 58 None
DAL Delta Air Lines Inc Options Chain 2.00 2.35 0.68 2.50 0.27 0.45 101 50 -0.25 -0.05 82.49 75.00 7/17/2026 Yes 15 66 None
BWA BorgWarner Inc Options Chain 2.05 2.60 0.68 2.50 0.27 0.52 2 1 -0.26 -0.05 71.31 65.00 7/17/2026 No 11 59 None
MSFT Microsoft Corporation Options Chain 8.30 9.60 1.35 5.00 0.27 0.30 40 129 -0.29 -0.22 426.99 430.00 7/10/2026 No 15 72 None
JPM JPMorgan Chase & Company Options Chain 5.80 6.15 1.35 5.00 0.27 0.28 204 149 -0.29 -0.11 296.73 285.00 7/17/2026 Yes 13 79 None
FCX Freeport-McMoRan Inc Options Chain 2.34 2.45 1.34 5.00 0.27 0.52 443 316 -0.28 -0.04 65.87 60.00 7/17/2026 No 9 58 None
C Citigroup Inc Options Chain 3.15 3.40 1.32 5.00 0.26 0.34 256 580 -0.30 -0.07 124.68 120.00 7/17/2026 Yes 14 77 None
DG Dollar General Corp Options Chain 3.40 3.75 1.31 5.00 0.26 0.51 15 74 -0.26 -0.07 109.90 100.00 7/17/2026 Yes 12 54 None
HPQ HP Inc Options Chain 0.70 0.82 0.26 1.00 0.26 0.49 116 77 -0.24 -0.01 25.01 24.00 7/17/2026 No 12 57 None
BAC Bank Of America Corp Options Chain 1.03 1.13 0.26 1.00 0.26 0.30 117 1469 -0.29 -0.02 50.77 49.00 7/17/2026 Yes 14 74 None
UNH Unitedhealth Group Inc Options Chain 7.55 8.50 2.55 10.00 0.26 0.30 64 121 -0.30 -0.15 382.53 360.00 7/17/2026 No 9 58 None
BHP BHP Group Ltd Options Chain 1.85 2.20 0.63 2.50 0.25 0.37 0 8 -0.26 -0.04 88.60 82.50 7/17/2026 No 9 57 None
UNP Union Pacific Corp Options Chain 4.00 4.90 1.25 5.00 0.25 0.27 10 4 -0.27 -0.11 267.00 250.00 7/17/2026 No 12 73 None
EQNR Equinor ASA Options Chain 0.75 0.90 0.25 1.00 0.25 0.40 1 0 -0.24 -0.02 36.35 33.00 7/17/2026 No 9 50 None
F Ford Motor Company Options Chain 0.53 0.54 0.25 1.00 0.25 0.47 1339 6245 -0.26 -0.01 16.70 16.00 7/17/2026 No 8 48 None
ALLY Ally Financial Inc Options Chain 0.95 1.25 0.25 1.00 0.25 0.39 0 3 -0.27 -0.03 42.52 40.00 7/17/2026 Yes 11 68 None
GM General Motors Company Options Chain 1.93 2.14 0.62 2.50 0.25 0.38 99 64 -0.27 -0.04 84.35 77.50 7/17/2026 No 9 65 None
V Visa Inc - Class A Options Chain 4.35 5.60 1.23 5.00 0.25 0.22 243 102 -0.28 -0.12 324.95 315.00 7/17/2026 No 10 65 None
CLX Clorox Company Options Chain 1.80 2.05 1.13 5.00 0.23 0.32 438 173 -0.27 -0.05 96.80 85.00 7/17/2026 No 15 55 None
OKE Oneok Inc Options Chain 1.80 2.00 1.10 5.00 0.22 0.31 93 375 -0.30 -0.04 87.02 80.00 7/17/2026 No 10 66 None
PEP PepsiCo Inc Options Chain 2.08 2.20 1.05 5.00 0.21 0.26 269 108 -0.24 -0.03 146.29 135.00 7/17/2026 Yes 9 54 None
WFC Wells Fargo & Company Options Chain 1.40 1.55 0.52 2.50 0.21 0.32 29 388 -0.25 -0.04 76.65 72.50 7/17/2026 Yes 13 74 None
SCHW Charles Schwab Corp Options Chain 1.50 1.59 0.52 2.50 0.21 0.29 234 728 -0.27 -0.04 85.35 82.50 7/17/2026 Yes 17 67 None
CSCO Cisco Systems Inc Options Chain 2.18 2.38 1.02 5.00 0.20 0.37 356 167 -0.23 -0.05 118.66 110.00 7/17/2026 No 8 58 None
NUE Nucor Corp Options Chain 4.70 5.40 2.00 10.00 0.20 0.37 13 10 -0.23 -0.11 249.30 230.00 7/17/2026 No 15 67 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.60 1.90 1.00 5.00 0.20 0.45 31 7 -0.25 -0.03 68.98 60.00 7/17/2026 No 7 59 None
BKR Baker Hughes Co - Class A Options Chain 1.40 1.85 1.00 5.00 0.20 0.37 4 4 -0.28 -0.04 64.47 60.00 7/17/2026 No 16 62 None
KO Coca-Cola Company Options Chain 0.70 0.93 0.50 2.50 0.20 0.19 128 103 -0.22 -0.02 80.41 75.00 7/17/2026 No 12 69 None
VZ Verizon Communications Inc Options Chain 0.61 0.69 0.20 1.00 0.20 0.24 5053 98 -0.25 -0.01 48.01 45.00 7/17/2026 No 13 73 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.30 0.40 0.20 1.00 0.20 0.43 1 0 -0.26 -0.01 12.74 12.00 7/17/2026 Yes 15 51 None
KMI Kinder Morgan Inc - Class P Options Chain 0.47 0.57 0.20 1.00 0.20 0.23 104 17 -0.30 -0.01 31.91 30.00 7/17/2026 Yes 13 67 None
PPL PPL Corp Options Chain 0.40 0.65 0.20 1.00 0.20 0.20 5 0 -0.30 -0.01 35.33 34.00 7/17/2026 No 8 60 None
CDW CDW Corp Options Chain 2.90 3.70 0.97 5.00 0.19 0.42 15 0 -0.27 -0.07 116.16 115.00 7/17/2026 No 11 48 None
WMT Walmart Inc Options Chain 1.70 1.81 0.96 5.00 0.19 0.25 951 501 -0.26 -0.05 118.52 110.00 7/17/2026 No 9 55 None
HON Honeywell International Inc Options Chain 3.90 4.60 1.90 10.00 0.19 0.34 33 27 -0.24 -0.11 233.00 220.00 7/17/2026 No 8 68 None
NTR Nutrien Ltd Options Chain 0.90 1.20 0.47 2.50 0.19 0.33 305 66 -0.21 -0.02 69.65 62.50 7/17/2026 No 16 71 None
MCD McDonald`s Corp Options Chain 2.66 3.05 0.93 5.00 0.19 0.20 37 32 -0.23 -0.06 277.97 265.00 7/17/2026 No 12 68 None
ROL Rollins Inc Options Chain 0.55 0.85 0.45 2.50 0.18 0.27 37 1 -0.22 -0.02 49.42 45.00 7/17/2026 No 8 53 None
XOM Exxon Mobil Corp Options Chain 1.95 2.12 0.88 5.00 0.18 0.30 242 125 -0.22 -0.06 146.96 135.00 7/17/2026 No 11 71 None
MO Altria Group Inc Options Chain 0.79 0.89 0.44 2.50 0.18 0.23 54 25 -0.18 -0.01 71.97 65.00 7/17/2026 No 8 59 None
DOW Dow Inc Options Chain 0.65 0.73 0.43 2.50 0.17 0.45 11 2 -0.20 -0.02 34.71 30.00 7/17/2026 No 6 49 None
EPD Enterprise Products Partners L P Options Chain 0.34 0.49 0.17 1.00 0.17 0.22 8 1 -0.23 -0.01 37.46 35.00 7/17/2026 No 9 58 None
KEY Keycorp Options Chain 0.35 0.45 0.17 1.00 0.17 0.30 1 0 -0.27 -0.01 21.34 20.00 7/17/2026 No 15 68 None
COP Conoco Phillips Options Chain 1.47 1.76 0.83 5.00 0.17 0.32 20 23 -0.20 -0.05 114.80 105.00 7/17/2026 No 10 75 None
APA APA Corporation Options Chain 0.77 0.97 0.41 2.50 0.16 0.46 31 3 -0.23 -0.02 36.39 32.50 7/17/2026 No 10 55 None
DVN Devon Energy Corp Options Chain 0.73 0.79 0.38 2.50 0.15 0.38 57 115 -0.21 -0.02 44.10 40.00 7/17/2026 No 7 51 None
T AT&T Inc Options Chain 0.27 0.33 0.15 1.00 0.15 0.27 540 378 -0.22 -0.01 24.88 23.00 7/17/2026 No 9 58 None
RF Regions Financial Corp Options Chain 0.40 0.65 0.15 1.00 0.15 0.32 0 4 -0.26 -0.01 27.83 26.00 7/17/2026 Yes 15 61 None