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
GLW Corning Inc Options Chain 13.45 14.45 2.12 5.00 0.42 0.94 40 156 -0.30 -0.24 194.80 165.00 8/21/2026 Yes 8 52 None
LLY Lilly(Eli) & Company Options Chain 35.05 41.00 3.85 10.00 0.39 0.44 6 11 -0.29 -0.77 1,204.50 1,150.00 8/21/2026 Yes 9 65 None
QCOM Qualcomm Inc Options Chain 9.55 10.30 1.88 5.00 0.38 0.72 59 106 -0.30 -0.18 185.85 165.00 8/21/2026 Yes 11 64 None
DELL Dell Technologies Inc - Class C Options Chain 25.85 27.50 3.70 10.00 0.37 0.86 68 35 -0.29 -0.49 411.80 370.00 8/21/2026 No 13 57 None
NXPI NXP Semiconductors NV Options Chain 10.50 13.10 3.65 10.00 0.36 0.71 4 1 -0.25 -0.24 278.01 240.00 8/21/2026 Yes 15 69 None
COST Costco Wholesale Corp Options Chain 13.30 17.00 1.82 5.00 0.36 0.23 19 24 -0.29 -0.33 947.50 915.00 8/21/2026 No 15 60 None
TSM Taiwan Semiconductor Manufacturing Options Chain 16.60 17.55 3.38 10.00 0.34 0.54 7371 309 -0.29 -0.35 432.57 400.00 8/21/2026 Yes 20 61
Dividend Stock List
APH Amphenol Corp - Class A Options Chain 6.70 7.20 1.65 5.00 0.33 0.60 12 24 -0.29 -0.14 158.61 145.00 8/21/2026 Yes 8 58 None
MSFT Microsoft Corporation Options Chain 11.00 11.60 1.62 5.00 0.32 0.41 125 2989 -0.30 -0.23 388.84 365.00 8/21/2026 Yes 15 72 None
DAL Delta Air Lines Inc Options Chain 2.74 2.87 0.75 2.50 0.30 0.45 65 194 -0.29 -0.06 91.68 82.50 8/21/2026 Yes 16 66 None
ALL Allstate Corp (The) Options Chain 4.00 5.30 2.97 10.00 0.30 0.28 16 43 -0.28 -0.10 251.46 240.00 8/21/2026 Yes 19 77 None
VZ Verizon Communications Inc Options Chain 0.88 1.00 0.29 1.00 0.29 0.30 421 266 -0.28 -0.01 42.59 40.00 8/21/2026 Yes 13 73 None
KMI Kinder Morgan Inc - Class P Options Chain 0.55 0.65 0.28 1.00 0.28 0.27 3 13 -0.30 -0.01 31.69 31.00 8/21/2026 Yes 8 59 None
ROK Rockwell Automation Inc Options Chain 10.80 14.50 2.75 10.00 0.28 0.45 9 1 -0.27 -0.28 468.90 430.00 8/21/2026 Yes 9 62 None
ORCL Oracle Corp Options Chain 5.00 5.20 1.35 5.00 0.27 0.62 597 784 -0.25 -0.11 141.60 125.00 8/21/2026 No 11 67 None
IBM International Business Machines Corp Options Chain 10.30 11.00 1.35 5.00 0.27 0.52 43 91 -0.28 -0.20 299.33 280.00 8/21/2026 Yes 13 69 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.70 2.00 0.67 2.50 0.27 0.51 29 104 -0.28 -0.04 53.50 50.00 8/21/2026 Yes 7 57 None
CMCSA Comcast Corp - Class A Options Chain 0.60 0.65 0.26 1.00 0.26 0.39 38 3018 -0.29 -0.01 23.41 22.00 8/21/2026 Yes 12 58 None
CRM Salesforce Inc Options Chain 4.05 4.30 1.26 5.00 0.25 0.44 175 217 -0.25 -0.11 166.88 155.00 8/21/2026 No 11 63 None
BHP BHP Group Ltd Options Chain 1.85 2.10 0.63 2.50 0.25 0.38 10 7 -0.28 -0.04 80.23 75.00 8/21/2026 Yes 9 57 None
JCI Johnson Controls International plc Options Chain 2.45 4.00 1.25 5.00 0.25 0.40 7 31 -0.25 -0.08 142.72 130.00 8/21/2026 Yes 8 58 None
MCD McDonald`s Corp Options Chain 4.20 4.50 1.25 5.00 0.25 0.25 811 152 -0.27 -0.11 279.50 270.00 8/21/2026 Yes 9 62 None
JPM JPMorgan Chase & Company Options Chain 5.45 5.90 1.25 5.00 0.25 0.26 17 66 -0.28 -0.14 337.72 325.00 8/21/2026 Yes 11 77 None
UNH Unitedhealth Group Inc Options Chain 9.30 9.65 2.48 10.00 0.25 0.37 49 37 -0.26 -0.23 428.19 400.00 8/21/2026 Yes 11 63 None
DVN Devon Energy Corp Options Chain 1.15 1.25 0.62 2.50 0.25 0.40 75 360 -0.30 -0.03 40.36 40.00 8/21/2026 Yes 7 53 None
MO Altria Group Inc Options Chain 1.32 1.38 0.62 2.50 0.25 0.27 22 256 -0.30 -0.03 72.96 70.00 8/21/2026 Yes 12 67 None
ZTS Zoetis Inc - Class A Options Chain 1.80 2.80 1.22 5.00 0.24 0.47 73 134 -0.28 -0.05 76.29 70.00 8/21/2026 Yes 11 56 None
WFC Wells Fargo & Company Options Chain 1.66 1.78 0.61 2.50 0.24 0.30 147 320 -0.29 -0.04 87.18 82.50 8/21/2026 Yes 13 73 None
NEE NextEra Energy Inc Options Chain 1.59 1.68 0.61 2.50 0.24 0.27 65 40 -0.30 -0.04 87.56 85.00 8/21/2026 Yes 7 65 None
BMY Bristol-Myers Squibb Company Options Chain 1.21 1.30 0.60 2.50 0.24 0.32 82 48 -0.29 -0.03 56.70 55.00 8/21/2026 Yes 11 53 None
HPQ HP Inc Options Chain 0.55 0.60 0.24 1.00 0.24 0.44 116 161 -0.25 -0.01 22.61 21.00 8/21/2026 No 12 38 None
HPE Hewlett Packard Enterprise Company Options Chain 1.91 2.35 0.24 1.00 0.24 0.70 2 14 -0.28 -0.04 43.18 39.00 8/21/2026 No 8 51 None
CSCO Cisco Systems Inc Options Chain 2.76 2.99 0.59 2.50 0.24 0.50 67 18 -0.23 -0.07 113.98 100.00 8/21/2026 Yes 9 62 None
FCX Freeport-McMoRan Inc Options Chain 1.02 1.14 0.23 1.00 0.23 0.56 288 22 -0.17 -0.03 61.00 50.00 8/21/2026 Yes 14 63 None
NVO Novo Nordisk Options Chain 1.22 1.27 0.56 2.50 0.22 0.46 85 25 -0.25 -0.03 49.31 45.00 8/21/2026 Yes 17 63 None
PG Procter & Gamble Company Options Chain 2.46 2.59 1.11 5.00 0.22 0.26 52 50 -0.28 -0.05 152.75 145.00 8/21/2026 Yes 13 72 None
CLX Clorox Company Options Chain 2.00 2.35 1.10 5.00 0.22 0.38 55 136 -0.26 -0.04 97.41 90.00 8/21/2026 Yes 14 55 None
QSR Restaurant Brands International Inc Options Chain 0.95 1.50 0.55 2.50 0.22 0.29 3 2 -0.26 -0.04 72.94 70.00 8/21/2026 Yes 12 69 None
BAC Bank Of America Corp Options Chain 1.05 1.11 0.55 2.50 0.22 0.26 367 788 -0.29 -0.03 59.86 57.50 8/21/2026 Yes 12 73 None
PR Permian Resources Corp - Class A Options Chain 0.35 0.65 0.22 1.00 0.22 0.38 19 60 -0.29 -0.01 19.09 18.00 8/21/2026 Yes 9 61 None
TGT Target Corp Options Chain 2.69 2.87 1.08 5.00 0.22 0.43 32 58 -0.23 -0.06 126.10 115.00 8/21/2026 Yes 12 63 None
V Visa Inc - Class A Options Chain 5.20 5.65 1.08 5.00 0.22 0.26 228 43 -0.26 -0.14 352.20 335.00 8/21/2026 Yes 10 64 None
KR Kroger Company Options Chain 1.02 1.10 0.54 2.50 0.22 0.31 499 321 -0.27 -0.02 57.50 55.00 8/21/2026 No 10 55 None
TIGO Millicom International Cellular S.A. Options Chain 2.30 5.70 1.07 5.00 0.21 0.58 0 1 -0.30 -0.07 92.95 85.00 8/21/2026 Yes 14 65 None
C Citigroup Inc Options Chain 2.37 2.44 1.06 5.00 0.21 0.35 350 46 -0.23 -0.06 143.86 130.00 8/21/2026 Yes 11 69 None
COP Conoco Phillips Options Chain 1.66 1.81 0.53 2.50 0.21 0.33 22 7 -0.23 -0.04 103.58 100.00 8/21/2026 Yes 9 68 None
SCHW Charles Schwab Corp Options Chain 1.63 1.76 0.52 2.50 0.21 0.32 18 27 -0.24 -0.05 101.93 95.00 8/21/2026 Yes 16 70 None
WMT Walmart Inc Options Chain 1.82 1.94 1.02 5.00 0.20 0.30 815 494 -0.25 -0.05 111.54 105.00 8/21/2026 Yes 9 55 None
USB U.S. Bancorp. Options Chain 0.95 1.10 0.51 2.50 0.20 0.27 17 6 -0.27 -0.03 62.89 60.00 8/21/2026 Yes 15 74 None
DGX Quest Diagnostics Inc Options Chain 2.80 4.30 1.00 5.00 0.20 0.32 1 0 -0.21 -0.08 213.45 200.00 8/21/2026 Yes 11 62 None
DOW Dow Inc Options Chain 0.53 0.80 0.50 2.50 0.20 0.51 116 5 -0.20 -0.02 27.33 25.00 8/21/2026 Yes 6 52 None
GIS General Mills Inc Options Chain 0.60 0.80 0.50 2.50 0.20 0.28 137 104 -0.26 -0.01 36.12 35.00 8/21/2026 No 5 53 None
JNJ Johnson & Johnson Options Chain 3.70 4.10 1.91 10.00 0.19 0.29 233 44 -0.24 -0.11 260.30 250.00 8/21/2026 Yes 9 66 None
APA APA Corporation Options Chain 0.50 0.92 0.47 2.50 0.19 0.48 13 415 -0.20 -0.02 34.00 30.00 8/21/2026 Yes 15 64 None
NKE Nike Inc - Class B Options Chain 0.76 0.82 0.47 2.50 0.19 0.35 1137 827 -0.24 -0.02 43.33 40.00 8/21/2026 No 13 58 None
SRE Sempra Options Chain 1.45 1.95 0.92 5.00 0.18 0.28 2 1 -0.29 -0.04 94.59 90.00 8/21/2026 Yes 7 66 None
RF Regions Financial Corp Options Chain 0.40 0.65 0.18 1.00 0.18 0.27 0 60 -0.28 -0.01 30.59 29.00 8/21/2026 Yes 18 70 None
OKE Oneok Inc Options Chain 1.80 1.95 0.88 5.00 0.18 0.34 129 29 -0.29 -0.04 90.67 85.00 8/21/2026 Yes 13 74 None
KO Coca-Cola Company Options Chain 0.92 1.03 0.44 2.50 0.18 0.23 1083 1476 -0.24 -0.03 83.07 80.00 8/21/2026 Yes 9 61 None
EPD Enterprise Products Partners L P Options Chain 0.43 0.60 0.17 1.00 0.17 0.20 0 10 -0.26 -0.01 36.47 36.00 8/21/2026 Yes 12 67 None
MDT Medtronic Plc Options Chain 1.37 1.61 0.42 2.50 0.17 0.27 114 17 -0.29 -0.04 83.06 80.00 8/21/2026 Yes 14 72 None
DUK Duke Energy Corp Options Chain 0.80 2.00 0.82 5.00 0.16 0.22 141 3 -0.18 -0.04 125.97 120.00 8/21/2026 Yes 8 67 None
XOM Exxon Mobil Corp Options Chain 1.60 1.79 0.82 5.00 0.16 0.30 581 148 -0.20 -0.05 141.69 130.00 8/21/2026 Yes 11 71 None
OVV Ovintiv Inc Options Chain 0.95 1.35 0.80 5.00 0.16 0.41 20 0 -0.23 -0.03 54.97 50.00 8/21/2026 Yes 10 72 None
BKR Baker Hughes Co - Class A Options Chain 1.05 1.30 0.80 5.00 0.16 0.40 372 2 -0.25 -0.03 54.47 50.00 8/21/2026 Yes 16 56 None
SONY Sony Group Corporation Options Chain 0.45 0.55 0.40 2.50 0.16 0.38 17 0 -0.26 -0.01 21.40 20.00 8/21/2026 Yes 15 40 None
T AT&T Inc Options Chain 0.28 0.34 0.16 1.00 0.16 0.35 209 18 -0.18 -0.01 21.09 19.00 8/21/2026 Yes 9 61 None
CSX CSX Corp Options Chain 0.50 0.65 0.38 2.50 0.15 0.29 13 2 -0.21 -0.02 48.81 45.00 8/21/2026 Yes 9 60 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.35 0.15 1.00 0.15 0.31 0 17 -0.26 -0.01 17.98 17.00 8/21/2026 Yes 8 57 None