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
FCX Freeport-McMoRan Inc Options Chain 1.63 2.60 0.60 1.00 0.60 0.49 5 1 -0.28 -0.04 64.37 59.00 6/26/2026 No 11 57 None
BMY Bristol-Myers Squibb Company Options Chain 0.83 1.26 0.45 1.00 0.45 0.30 1 1 -0.28 -0.02 55.67 54.00 6/26/2026 No 11 53 None
CSCO Cisco Systems Inc Options Chain 2.10 3.00 0.44 1.00 0.44 0.40 6 2 -0.28 -0.05 98.72 92.00 6/26/2026 Yes 9 65 None
QCOM Qualcomm Inc Options Chain 9.20 10.80 1.05 2.50 0.42 0.69 17 2 -0.29 -0.19 237.53 185.00 6/26/2026 No 14 71 None
DELL Dell Technologies Inc - Class C Options Chain 10.05 12.55 1.87 5.00 0.37 0.68 13 2 -0.30 -0.24 247.04 210.00 6/26/2026 Yes 14 59 None
GLW Corning Inc Options Chain 9.35 11.75 0.92 2.50 0.37 0.74 34 4 -0.29 -0.19 207.39 175.00 6/26/2026 No 8 52 None
NVO Novo Nordisk Options Chain 0.97 1.67 0.36 1.00 0.36 0.40 8 2 -0.30 -0.03 46.40 44.00 6/26/2026 No 13 54 None
ORCL Oracle Corp Options Chain 7.85 8.90 0.88 2.50 0.35 0.66 9 8 -0.29 -0.17 193.84 167.50 6/26/2026 Yes 9 66 None
EPD Enterprise Products Partners L P Options Chain 0.36 0.79 0.31 1.00 0.31 0.21 0 20 -0.30 -0.01 37.90 37.00 6/26/2026 No 9 59 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.50 11.90 1.50 5.00 0.30 0.43 63 81 -0.30 -0.24 404.54 365.00 6/26/2026 No 20 61
Dividend Stock List
BAC Bank Of America Corp Options Chain 0.73 1.21 0.30 1.00 0.30 0.29 0 19 -0.28 -0.02 50.55 48.00 6/26/2026 No 10 65 None
MO Altria Group Inc Options Chain 0.96 1.37 0.28 1.00 0.28 0.25 1 1 -0.28 -0.02 68.61 67.00 6/26/2026 No 12 67 None
EQNR Equinor ASA Options Chain 1.00 1.10 0.27 1.00 0.27 0.41 14 9 -0.30 -0.02 38.22 36.00 6/18/2026 No 10 58 None
IBM International Business Machines Corp Options Chain 4.75 5.50 1.30 5.00 0.26 0.32 3 9 -0.30 -0.12 223.55 210.00 6/26/2026 No 14 72 None
OXY Occidental Petroleum Corp Options Chain 0.94 1.37 0.26 1.00 0.26 0.36 6 15 -0.26 -0.02 55.14 52.00 6/26/2026 No 7 50 None
VZ Verizon Communications Inc Options Chain 0.37 0.95 0.26 1.00 0.26 0.23 1 32 -0.29 -0.02 47.23 46.00 6/26/2026 No 13 73 None
C Citigroup Inc Options Chain 2.49 3.15 0.26 1.00 0.26 0.34 0 2 -0.30 -0.06 125.85 119.00 6/26/2026 No 12 69 None
PM Philip Morris International Inc Options Chain 3.30 5.10 1.27 5.00 0.25 0.31 1 0 -0.30 -0.07 182.11 180.00 6/26/2026 No 8 62 None
HAL Halliburton Company Options Chain 0.70 1.06 0.25 1.00 0.25 0.39 0 1 -0.24 -0.02 40.26 38.00 6/26/2026 No 10 54 None
T AT&T Inc Options Chain 0.25 0.44 0.24 1.00 0.24 0.27 0 1 -0.27 -0.01 24.87 24.00 6/26/2026 No 9 58 None
WMT Walmart Inc Options Chain 2.29 3.10 0.24 1.00 0.24 0.31 5 3 -0.30 -0.06 127.59 124.00 6/26/2026 Yes 8 58 None
HPQ HP Inc Options Chain 0.57 0.90 0.12 0.50 0.24 0.50 1 0 -0.29 -0.01 21.67 19.00 6/26/2026 Yes 13 50 None
MCD McDonald`s Corp Options Chain 3.15 3.55 1.18 5.00 0.24 0.20 16 10 -0.27 -0.08 274.60 265.00 6/26/2026 No 12 68 None
UNH Unitedhealth Group Inc Options Chain 6.10 8.15 1.18 5.00 0.24 0.28 13 8 -0.30 -0.14 384.44 370.00 6/26/2026 No 11 64 None
APH Amphenol Corp - Class A Options Chain 3.00 3.30 1.10 5.00 0.22 0.50 155 114 -0.26 -0.10 122.47 115.00 6/18/2026 No 9 58 None
INFY Infosys Ltd Options Chain 0.25 0.45 0.22 1.00 0.22 0.39 1 2 -0.11 0.00 12.30 11.00 6/18/2026 No 13 43 None
FITB Fifth Third Bancorp Options Chain 0.70 1.00 0.22 1.00 0.22 0.31 3 0 -0.28 -0.03 48.65 46.00 6/18/2026 No 10 68 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.55 0.22 1.00 0.22 0.40 300 1 -0.29 -0.01 20.15 19.00 6/18/2026 Yes 8 58 None
LLY Lilly(Eli) & Company Options Chain 22.95 25.75 1.07 5.00 0.21 0.35 12 0 -0.30 -0.53 966.99 940.00 6/26/2026 No 14 70 None
WFC Wells Fargo & Company Options Chain 1.24 1.81 0.21 1.00 0.21 0.34 26 0 -0.27 -0.03 73.58 70.00 6/26/2026 No 13 73 None
JPM JPMorgan Chase & Company Options Chain 4.45 5.10 1.03 5.00 0.21 0.28 2 30 -0.28 -0.11 300.00 290.00 6/26/2026 No 12 79 None
OVV Ovintiv Inc Options Chain 1.45 1.60 1.03 5.00 0.21 0.41 12 2 -0.30 -0.03 59.09 55.00 6/18/2026 Yes 10 73 None
CVE Cenovus Energy Inc Options Chain 0.45 0.75 0.20 1.00 0.20 0.43 1 20 -0.23 -0.02 29.13 27.00 6/18/2026 No 14 66 None
ALLY Ally Financial Inc Options Chain 0.65 0.80 0.20 1.00 0.20 0.34 18 1 -0.24 -0.02 42.74 40.00 6/18/2026 No 10 68 None
IVZ Invesco Ltd Options Chain 0.45 0.75 0.20 1.00 0.20 0.39 0 2 -0.24 -0.01 27.99 26.00 6/18/2026 No 7 56 None
ARMK Aramark Options Chain 0.55 0.80 0.20 1.00 0.20 0.28 0 9 -0.25 -0.02 44.56 46.00 6/18/2026 Yes 11 55 None
F Ford Motor Company Options Chain 0.16 0.20 0.10 0.50 0.20 0.33 96 218 -0.21 -0.01 12.05 11.00 6/26/2026 No 9 50 None
AZN Astrazeneca plc Options Chain 2.55 2.90 0.98 5.00 0.20 0.29 19 0 -0.25 -0.08 181.86 175.00 6/18/2026 No 13 68 None
KMI Kinder Morgan Inc - Class P Options Chain 0.36 0.49 0.19 1.00 0.19 0.24 1 0 -0.26 -0.01 32.25 31.00 6/26/2026 No 11 67 None
XOM Exxon Mobil Corp Options Chain 2.02 2.55 0.91 5.00 0.18 0.31 721 702 -0.23 -0.05 144.57 140.00 6/26/2026 No 10 71 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.10 0.90 5.00 0.18 0.32 168 3 -0.29 -0.02 47.07 45.00 6/18/2026 No 8 54 None
MFC Manulife Financial Corp Options Chain 0.45 0.70 0.18 1.00 0.18 0.25 3 2 -0.27 -0.01 39.97 38.00 6/18/2026 Yes 14 75 None
EXC Exelon Corp Options Chain 0.45 0.65 0.17 1.00 0.17 0.22 1 2 -0.26 -0.01 44.19 43.00 6/18/2026 No 11 65 None
HBAN Huntington Bancshares Inc Options Chain 0.25 0.35 0.17 1.00 0.17 0.29 20 6 -0.29 -0.01 15.96 15.00 6/18/2026 No 9 58 None
GIS General Mills Inc Options Chain 0.55 0.65 0.42 2.50 0.17 0.32 116 40 -0.28 -0.02 33.80 32.50 6/18/2026 No 11 61 None
CGNX Cognex Corp Options Chain 1.30 1.55 0.83 5.00 0.17 0.45 10 1 -0.26 -0.04 67.26 60.00 6/18/2026 No 13 57 None
CM Canadian Imperial Bank Of Commerce Options Chain 1.35 1.65 0.82 5.00 0.16 0.28 6 2 -0.24 -0.05 110.93 105.00 6/18/2026 Yes 12 63 None
ROL Rollins Inc Options Chain 0.55 0.70 0.40 2.50 0.16 0.26 2 553 -0.24 -0.02 52.88 50.00 6/18/2026 No 9 56 None
GFI Gold Fields Ltd Options Chain 1.05 1.30 0.78 5.00 0.16 0.56 5 2 -0.24 -0.04 46.14 40.00 6/18/2026 No 11 56 None
ZTS Zoetis Inc - Class A Options Chain 1.20 1.50 0.75 5.00 0.15 0.44 139 94 -0.23 -0.05 76.67 70.00 6/18/2026 No 14 63 None
BK Bank Of New York Mellon Corp Options Chain 1.55 1.75 0.75 5.00 0.15 0.30 8397 1 -0.24 -0.06 132.49 125.00 6/18/2026 No 16 74 None
CMCSA Comcast Corp - Class A Options Chain 0.27 0.47 0.15 1.00 0.15 0.29 8 4 -0.23 -0.01 25.03 23.00 6/26/2026 No 15 61 None
KEY Keycorp Options Chain 0.25 0.40 0.15 1.00 0.15 0.31 284 8 -0.25 -0.01 21.31 20.00 6/18/2026 No 10 59 None
EC Ecopetrol SA Options Chain 0.25 0.40 0.15 1.00 0.15 0.46 1 2 -0.26 -0.01 12.79 12.00 6/18/2026 Yes 13 58 None
BCS Barclays plc Options Chain 0.45 0.50 0.15 1.00 0.15 0.41 27 0 -0.27 -0.01 23.17 21.00 6/18/2026 No 18 68 None