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
UNM Unum Group Options Chain 2.00 4.00 1.32 2.50 0.53 0.46 0 4 -0.28 -0.06 91.02 85.00 12/18/2026 Yes 9 62 None
HPE Hewlett Packard Enterprise Company Options Chain 3.10 3.35 0.44 1.00 0.44 0.79 15 15 -0.29 -0.06 51.23 48.00 12/18/2026 Yes 9 53 None
DELL Dell Technologies Inc - Class C Options Chain 25.65 26.70 3.73 10.00 0.37 0.80 76 34 -0.30 -0.47 394.00 370.00 12/18/2026 Yes 13 59 None
NYT New York Times Co. - Class A Options Chain 1.30 2.60 0.82 2.50 0.33 0.44 0 3 -0.28 -0.04 69.80 62.50 12/18/2026 Yes 14 60 None
ZBH Zimmer Biomet Holdings Inc Options Chain 1.75 3.80 1.63 5.00 0.33 0.43 66 0 -0.28 -0.05 97.35 90.00 12/18/2026 Yes 11 62 None
ORCL Oracle Corp Options Chain 6.55 6.75 1.62 5.00 0.32 0.69 4266 3443 -0.30 -0.13 119.42 115.00 12/18/2026 Yes 10 62 None
SWK Stanley Black & Decker Inc Options Chain 2.75 3.30 0.80 2.50 0.32 0.41 7 5 -0.29 -0.05 106.71 97.50 12/18/2026 Yes 15 65 None
QCOM Qualcomm Inc Options Chain 6.25 6.75 1.57 5.00 0.31 0.57 181 1025 -0.29 -0.12 162.40 150.00 12/18/2026 Yes 12 71 None
CDW CDW Corp Options Chain 4.40 8.20 1.55 5.00 0.31 0.61 2 0 -0.28 -0.12 150.59 135.00 12/18/2026 Yes 11 50 None
VST Vistra Corp Options Chain 5.50 5.95 1.48 5.00 0.30 0.54 1181 21 -0.30 -0.12 135.15 130.00 12/18/2026 Yes 8 61 None
IBM International Business Machines Corp Options Chain 6.40 7.00 1.47 5.00 0.29 0.37 11 92 -0.30 -0.12 251.51 235.00 12/18/2026 No 12 74 None
CSCO Cisco Systems Inc Options Chain 3.10 3.50 0.73 2.50 0.29 0.49 33 163 -0.27 -0.07 102.01 95.00 12/18/2026 Yes 10 67 None
FCX Freeport-McMoRan Inc Options Chain 2.07 2.27 0.73 2.50 0.29 0.49 569 300 -0.30 -0.04 63.50 57.50 12/18/2026 No 9 58 None
APH Amphenol Corp - Class A Options Chain 2.45 2.75 0.72 2.50 0.29 0.47 51 90 -0.28 -0.05 81.15 77.50 12/18/2026 No 10 60 None
JPM JPMorgan Chase & Company Options Chain 5.90 6.50 1.42 5.00 0.28 0.26 25 142 -0.30 -0.13 341.01 325.00 12/18/2026 No 9 78 None
UNH Unitedhealth Group Inc Options Chain 9.50 10.30 2.82 10.00 0.28 0.36 94 73 -0.29 -0.20 399.24 380.00 12/18/2026 No 13 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.35 11.85 2.72 10.00 0.27 0.41 179 224 -0.29 -0.24 398.63 380.00 12/18/2026 No 20 62
Dividend Stock List
CRM Salesforce Inc Options Chain 6.60 6.95 1.35 5.00 0.27 0.53 514 190 -0.25 -0.16 225.41 200.00 12/18/2026 Yes 10 63 None
PCG PG&E Corp Options Chain 0.30 0.59 0.27 1.00 0.27 0.53 15035 5002 -0.26 -0.01 13.28 12.00 12/18/2026 No 11 63 None
PAAS Pan American Silver Corp Options Chain 1.10 1.40 0.27 1.00 0.27 0.51 0 1 -0.27 -0.03 39.05 35.00 12/18/2026 Yes 19 67 None
NRG NRG Energy Inc Options Chain 3.20 3.90 1.27 5.00 0.25 0.66 63 50 -0.23 -0.09 94.62 85.00 12/18/2026 Yes 7 58 None
RF Regions Financial Corp Options Chain 0.40 0.70 0.25 1.00 0.25 0.27 2 0 -0.28 -0.01 28.71 27.00 12/18/2026 No 17 68 None
BAC Bank Of America Corp Options Chain 0.90 0.97 0.25 1.00 0.25 0.29 412 377 -0.28 -0.02 49.57 47.00 12/18/2026 No 11 73 None
DAL Delta Air Lines Inc Options Chain 2.24 2.47 0.62 2.50 0.25 0.43 33 67 -0.28 -0.05 83.48 77.50 12/18/2026 No 12 66 None
TGT Target Corp Options Chain 3.15 4.30 1.21 5.00 0.24 0.44 2 24 -0.24 -0.07 158.38 140.00 12/18/2026 Yes 11 64 None
MCD McDonald`s Corp Options Chain 3.85 4.40 1.20 5.00 0.24 0.26 232 56 -0.28 -0.08 265.50 250.00 12/18/2026 Yes 9 59 None
HPQ HP Inc Options Chain 1.00 1.07 0.24 1.00 0.24 0.60 6270 89 -0.26 -0.02 28.65 25.00 12/18/2026 Yes 12 54 None
BKR Baker Hughes Co - Class A Options Chain 1.15 1.50 0.70 3.00 0.23 0.38 20 2 -0.27 -0.03 53.05 50.00 12/18/2026 No 11 67 None
CMCSA Comcast Corp - Class A Options Chain 0.57 0.65 0.35 1.50 0.23 0.35 144 88 -0.29 -0.01 23.95 22.50 12/18/2026 No 16 68 None
NEE NextEra Energy Inc Options Chain 1.16 1.33 0.58 2.50 0.23 0.25 62 43 -0.26 -0.02 85.03 80.00 12/18/2026 No 7 65 None
PR Permian Resources Corp - Class A Options Chain 0.55 0.70 0.23 1.00 0.23 0.47 12 14 -0.24 -0.01 24.94 22.00 12/18/2026 Yes 12 65 None
BCS Barclays plc Options Chain 0.45 0.50 0.23 1.00 0.23 0.35 1 50 -0.26 -0.01 22.61 21.00 12/18/2026 No 19 69 None
NKE Nike Inc - Class B Options Chain 0.97 1.06 0.56 2.50 0.22 0.45 388 1738 -0.26 -0.02 39.13 35.00 12/18/2026 Yes 13 58 None
PEP PepsiCo Inc Options Chain 1.94 2.26 1.11 5.00 0.22 0.26 660 315 -0.27 -0.04 140.50 130.00 12/18/2026 No 9 55 None
FIS Fidelity National Information Services Inc Options Chain 0.75 1.10 0.55 2.50 0.22 0.47 3 104 -0.24 -0.02 40.00 35.00 12/18/2026 Yes 12 70 None
BHP BHP Group Ltd Options Chain 1.50 1.70 0.55 2.50 0.22 0.37 18 2 -0.25 -0.04 80.07 72.50 12/18/2026 Yes 8 59 None
VZ Verizon Communications Inc Options Chain 0.65 0.74 0.22 1.00 0.22 0.27 359 77 -0.26 -0.02 45.14 43.00 12/18/2026 No 7 64 None
ALLY Ally Financial Inc Options Chain 0.70 0.90 0.22 1.00 0.22 0.34 33 0 -0.27 -0.02 38.61 36.00 12/18/2026 No 11 70 None
GE General Electric Company Options Chain 6.55 7.70 2.18 10.00 0.22 0.36 43 147 -0.27 -0.18 314.99 300.00 12/18/2026 No 8 59 None
XOM Exxon Mobil Corp Options Chain 3.05 3.20 1.07 5.00 0.21 0.32 214 299 -0.25 -0.07 179.90 165.00 12/18/2026 Yes 11 64 None
V Visa Inc - Class A Options Chain 6.25 7.00 1.05 5.00 0.21 0.23 23 162 -0.30 -0.15 425.77 405.00 12/18/2026 No 9 65 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.15 1.60 0.50 2.50 0.20 0.41 26 100 -0.24 -0.03 66.35 60.00 12/18/2026 Yes 9 55 None
WFC Wells Fargo & Company Options Chain 1.31 1.45 0.49 2.50 0.20 0.29 245 91 -0.25 -0.03 85.86 80.00 12/18/2026 No 14 74 None
NVO Novo Nordisk Options Chain 0.80 1.04 0.48 2.50 0.19 0.38 152 1126 -0.27 -0.02 40.50 37.50 12/18/2026 Yes 14 59 None
ZTS Zoetis Inc - Class A Options Chain 1.85 2.20 0.93 5.00 0.19 0.47 235 749 -0.23 -0.05 83.18 75.00 12/18/2026 Yes 11 55 None
OXY Occidental Petroleum Corp Options Chain 0.97 1.09 0.45 2.50 0.18 0.38 134 33 -0.23 -0.03 60.72 55.00 12/18/2026 Yes 10 62 None
IP International Paper Company Options Chain 0.70 1.10 0.45 2.50 0.18 0.40 1 20 -0.29 -0.02 36.64 32.50 12/18/2026 No 6 60 None
AA Alcoa Corp Options Chain 0.67 0.82 0.35 2.00 0.17 0.47 40 205 -0.19 -0.02 40.18 35.00 12/18/2026 No 17 47 None
C Citigroup Inc Options Chain 2.09 2.19 0.86 5.00 0.17 0.31 45 80 -0.25 -0.06 123.47 115.00 12/18/2026 No 17 79 None
ADM Archer Daniels Midland Company Options Chain 0.90 1.35 0.43 2.50 0.17 0.32 288 33 -0.23 -0.02 75.90 65.00 12/18/2026 Yes 17 52 None
QSR Restaurant Brands International Inc Options Chain 0.85 1.00 0.43 2.50 0.17 0.24 16 3 -0.27 -0.03 74.41 70.00 12/18/2026 No 12 70 None
EPD Enterprise Products Partners L P Options Chain 0.29 0.45 0.17 1.00 0.17 0.21 4 0 -0.21 -0.01 37.64 36.00 12/18/2026 Yes 12 68 None
KMI Kinder Morgan Inc - Class P Options Chain 0.41 0.47 0.17 1.00 0.17 0.27 2 417 -0.25 -0.01 32.80 31.00 12/18/2026 No 10 59 None
IVZ Invesco Ltd Options Chain 0.45 0.75 0.17 1.00 0.17 0.37 1 0 -0.26 -0.01 27.38 26.00 12/18/2026 No 7 57 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.90 1.20 0.85 5.00 0.17 0.31 35 60 -0.29 -0.02 48.85 45.00 12/18/2026 No 10 63 None
KO Coca-Cola Company Options Chain 0.98 1.03 0.42 2.50 0.17 0.21 436 446 -0.24 -0.02 95.87 90.00 12/18/2026 No 9 61 None
WMT Walmart Inc Options Chain 1.65 1.88 0.82 5.00 0.16 0.32 3313 435 -0.24 -0.06 128.38 115.00 12/18/2026 Yes 8 55 None
CVS CVS Health Corp Options Chain 1.57 2.32 0.41 2.50 0.16 0.36 39 303 -0.28 -0.05 88.51 85.00 12/18/2026 Yes 12 62 None
CFG Citizens Financial Group Inc Options Chain 0.70 1.05 0.40 2.50 0.16 0.30 7 3 -0.20 -0.03 65.22 60.00 12/18/2026 No 13 68 None
CSX CSX Corp Options Chain 0.55 0.75 0.40 2.50 0.16 0.26 62 0 -0.23 -0.02 51.85 47.50 12/18/2026 No 9 61 None
LVS Las Vegas Sands Corp Options Chain 0.68 0.77 0.40 2.50 0.16 0.38 7 13 -0.23 -0.02 38.19 35.00 12/18/2026 No 8 49 None
EIX Edison International Options Chain 1.25 1.55 0.40 2.50 0.16 0.40 8 3 -0.28 -0.03 59.81 55.00 12/18/2026 Yes 10 62 None
T AT&T Inc Options Chain 0.30 0.33 0.16 1.00 0.16 0.29 147 37 -0.24 -0.01 21.44 20.00 12/18/2026 No 9 60 None
KEY Keycorp Options Chain 0.25 0.45 0.15 1.00 0.15 0.28 17 0 -0.26 -0.01 21.54 20.00 12/18/2026 No 10 58 None
HBAN Huntington Bancshares Inc Options Chain 0.25 0.30 0.15 1.00 0.15 0.28 5 10 -0.27 -0.01 16.12 15.00 12/18/2026 No 10 57 None