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
APH Amphenol Corp - Class A Options Chain 5.10 5.70 2.22 5.00 0.44 0.44 32 16 -0.30 -0.09 157.01 145.00 10/16/2026 No 8 59 None
DKS Dicks Sporting Goods Inc Options Chain 5.90 8.10 2.00 5.00 0.40 0.50 2 20 -0.29 -0.10 183.80 165.00 10/16/2026 Yes 11 66 None
DELL Dell Technologies Inc - Class C Options Chain 27.20 28.35 3.88 10.00 0.39 0.76 4 6 -0.30 -0.44 440.60 390.00 10/16/2026 Yes 11 52 None
AU AngloGold Ashanti Plc. Options Chain 4.90 6.00 1.75 5.00 0.35 0.57 3 8 -0.30 -0.10 121.22 110.00 10/16/2026 No 21 72
Dividend Stock List
AVGO Broadcom Inc Options Chain 11.50 12.05 3.00 10.00 0.30 0.46 273 158 -0.27 -0.22 368.45 330.00 10/16/2026 Yes 10 62 None
ORCL Oracle Corp Options Chain 5.80 6.10 1.50 5.00 0.30 0.64 108 115 -0.25 -0.11 146.47 125.00 10/16/2026 Yes 7 60 None
PR Permian Resources Corp - Class A Options Chain 0.60 0.80 0.30 1.00 0.30 0.38 10 9 -0.30 -0.01 23.76 22.00 10/16/2026 No 9 59 None
JPM JPMorgan Chase & Company Options Chain 6.00 6.95 1.48 5.00 0.30 0.25 89 16 -0.29 -0.12 351.58 340.00 10/16/2026 Yes 13 80 None
GM General Motors Company Options Chain 2.21 2.44 0.73 2.50 0.29 0.34 48 21 -0.30 -0.04 87.93 82.50 10/16/2026 No 9 63 None
HPQ HP Inc Options Chain 1.05 1.18 0.29 1.00 0.29 0.51 328 86 -0.29 -0.02 29.77 26.00 10/16/2026 Yes 14 54 None
MSFT Microsoft Corporation Options Chain 9.55 10.10 1.43 5.00 0.29 0.28 131 676 -0.28 -0.21 483.61 465.00 10/16/2026 No 14 72 None
SWK Stanley Black & Decker Inc Options Chain 2.35 2.90 0.70 2.50 0.28 0.35 1 3 -0.30 -0.04 100.13 92.50 10/16/2026 No 11 58 None
VST Vistra Corp Options Chain 3.90 4.35 1.39 5.00 0.28 0.44 551 55 -0.27 -0.08 137.75 125.00 10/16/2026 No 7 54 None
CRM Salesforce Inc Options Chain 7.35 8.00 1.38 5.00 0.28 0.46 174 34 -0.30 -0.13 209.17 195.00 10/16/2026 Yes 15 70 None
APA APA Corporation Options Chain 1.05 1.63 0.69 2.50 0.28 0.42 2 42 -0.28 -0.02 43.39 40.00 10/16/2026 No 14 70 None
JCI Johnson Controls International plc Options Chain 3.00 3.30 1.35 5.00 0.27 0.31 3 86 -0.28 -0.06 143.20 135.00 10/16/2026 No 8 59 None
CMCSA Comcast Corp - Class A Options Chain 0.45 0.68 0.27 1.00 0.27 0.33 317 34 -0.25 -0.01 26.84 25.00 10/16/2026 No 14 62 None
FCX Freeport-McMoRan Inc Options Chain 2.56 2.86 1.33 5.00 0.27 0.52 316 644 -0.26 -0.05 76.87 70.00 10/16/2026 No 11 64 None
CVX Chevron Corp Options Chain 3.80 4.10 1.33 5.00 0.27 0.25 40 101 -0.30 -0.08 205.27 195.00 10/16/2026 No 13 77 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.80 10.35 2.63 10.00 0.26 0.38 1667 353 -0.26 -0.20 419.55 380.00 10/16/2026 Yes 20 61
Dividend Stock List
QCOM Qualcomm Inc Options Chain 4.20 4.75 1.30 5.00 0.26 0.43 47 133 -0.26 -0.08 160.85 145.00 10/16/2026 No 10 63 None
COST Costco Wholesale Corp Options Chain 14.50 18.25 1.30 5.00 0.26 0.24 11 4 -0.28 -0.34 947.74 930.00 10/16/2026 Yes 14 59 None
C Citigroup Inc Options Chain 3.00 3.20 1.28 5.00 0.26 0.32 215 411 -0.29 -0.06 131.65 125.00 10/16/2026 Yes 14 69 None
NKE Nike Inc - Class B Options Chain 1.26 1.33 0.64 2.50 0.26 0.43 1910 112 -0.29 -0.02 40.76 37.50 10/16/2026 Yes 13 59 None
JNJ Johnson & Johnson Options Chain 4.70 5.35 2.52 10.00 0.25 0.26 14 400 -0.29 -0.09 270.24 260.00 10/16/2026 Yes 11 71 None
IBM International Business Machines Corp Options Chain 4.70 5.15 1.25 5.00 0.25 0.35 196 58 -0.25 -0.11 235.80 215.00 10/16/2026 No 9 66 None
V Visa Inc - Class A Options Chain 5.90 6.60 1.25 5.00 0.25 0.21 31 79 -0.30 -0.13 371.04 370.00 10/16/2026 No 10 64 None
XOM Exxon Mobil Corp Options Chain 3.00 3.25 1.24 5.00 0.25 0.29 108 325 -0.26 -0.07 165.20 155.00 10/16/2026 No 13 73 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.45 1.85 0.62 2.50 0.25 0.40 6 3 -0.25 -0.03 67.53 60.00 10/16/2026 No 9 62 None
TGT Target Corp Options Chain 3.40 3.75 1.23 5.00 0.25 0.32 159 158 -0.27 -0.08 165.25 160.00 10/16/2026 No 14 73 None
MO Altria Group Inc Options Chain 1.20 1.34 0.61 2.50 0.24 0.24 163 91 -0.28 -0.01 66.14 65.00 10/16/2026 No 9 66 None
MPC Marathon Petroleum Corp Options Chain 9.20 9.80 2.40 10.00 0.24 0.43 8 10 -0.25 -0.20 363.03 330.00 10/16/2026 No 11 62 None
GFI Gold Fields Ltd Options Chain 1.25 2.10 1.20 5.00 0.24 0.63 127 18 -0.21 -0.02 47.81 40.00 10/16/2026 No 12 57 None
HPE Hewlett Packard Enterprise Company Options Chain 1.88 2.26 1.18 5.00 0.24 0.67 306 13 -0.23 -0.04 53.55 45.00 10/16/2026 Yes 8 52 None
UNH Unitedhealth Group Inc Options Chain 7.50 7.95 2.35 10.00 0.24 0.32 41 72 -0.25 -0.15 390.11 370.00 10/16/2026 No 10 58 None
MS Morgan Stanley Options Chain 4.15 4.45 1.17 5.00 0.23 0.33 28 159 -0.25 -0.10 214.20 200.00 10/16/2026 Yes 14 75 None
GLW Corning Inc Options Chain 5.40 6.80 1.17 5.00 0.23 0.62 42 149 -0.28 -0.12 149.76 130.00 10/16/2026 No 9 54 None
DVN Devon Energy Corp Options Chain 0.98 1.19 0.58 2.50 0.23 0.33 41 88 -0.27 -0.02 49.14 45.00 10/16/2026 No 13 64 None
ALLY Ally Financial Inc Options Chain 0.50 1.05 0.23 1.00 0.23 0.29 4 6 -0.26 -0.02 42.93 40.00 10/16/2026 Yes 15 68 None
XYL Xylem Inc Options Chain 1.15 2.60 1.15 5.00 0.23 0.28 17 0 -0.20 -0.04 114.77 105.00 10/16/2026 No 12 58 None
MET Metlife Inc Options Chain 1.55 1.75 0.57 2.50 0.23 0.23 22 12 -0.30 -0.03 94.34 92.50 10/16/2026 No 16 68 None
AXP American Express Company Options Chain 5.20 5.95 2.23 10.00 0.22 0.26 10 282 -0.27 -0.12 336.06 320.00 10/16/2026 No 12 73 None
NRG NRG Energy Inc Options Chain 2.50 2.80 1.10 5.00 0.22 0.45 8 1 -0.22 -0.07 113.59 100.00 10/16/2026 No 7 59 None
EQT EQT Corp Options Chain 0.83 1.00 0.55 2.50 0.22 0.30 28 6 -0.24 -0.02 53.74 50.00 10/16/2026 No 10 60 None
A Agilent Technologies Inc Options Chain 3.00 4.90 1.05 5.00 0.21 0.34 23 34 -0.30 -0.08 159.50 145.00 10/16/2026 Yes 12 65 None
VZ Verizon Communications Inc Options Chain 0.60 0.69 0.21 1.00 0.21 0.24 160 828 -0.23 -0.01 49.35 47.00 10/16/2026 No 9 73 None
EVRG Evergy Inc Options Chain 0.70 1.70 0.52 2.50 0.21 0.23 35 2 -0.23 -0.03 80.95 77.50 10/16/2026 No 9 71 None
ADM Archer Daniels Midland Company Options Chain 1.25 1.45 0.52 2.50 0.21 0.31 2 33 -0.24 -0.03 80.30 72.50 10/16/2026 No 14 45 None
OXY Occidental Petroleum Corp Options Chain 0.88 1.03 0.51 2.50 0.20 0.33 45 24 -0.22 -0.02 61.23 55.00 10/16/2026 No 12 70 None
COP Conoco Phillips Options Chain 2.26 2.58 1.00 5.00 0.20 0.30 35 6 -0.25 -0.06 134.80 125.00 10/16/2026 No 12 76 None
KR Kroger Company Options Chain 0.95 1.23 0.50 2.50 0.20 0.32 14 11 -0.24 -0.03 57.82 55.00 10/16/2026 Yes 9 55 None
OTIS Otis Worldwide Corp Options Chain 0.65 0.80 0.48 2.50 0.19 0.23 30 3 -0.21 -0.02 72.29 67.50 10/16/2026 No 12 54 None
EPD Enterprise Products Partners L P Options Chain 0.31 0.48 0.19 1.00 0.19 0.16 39 0 -0.27 -0.01 38.10 37.00 10/16/2026 No 9 59 None
F Ford Motor Company Options Chain 0.29 0.32 0.19 1.00 0.19 0.34 2221 198 -0.27 -0.01 14.41 13.00 10/16/2026 No 9 48 None
WFC Wells Fargo & Company Options Chain 1.39 1.59 0.47 2.50 0.19 0.28 188 600 -0.27 -0.03 83.84 80.00 10/16/2026 Yes 16 74 None
PEP PepsiCo Inc Options Chain 1.70 1.89 0.90 5.00 0.18 0.23 118 66 -0.21 -0.03 143.48 135.00 10/16/2026 Yes 10 54 None
BMY Bristol-Myers Squibb Company Options Chain 0.96 1.17 0.45 2.50 0.18 0.29 176 47 -0.24 -0.02 67.01 62.50 10/16/2026 No 16 70 None
NEE NextEra Energy Inc Options Chain 1.07 1.41 0.45 2.50 0.18 0.22 79 113 -0.27 -0.02 84.03 80.00 10/16/2026 No 11 73 None
CVE Cenovus Energy Inc Options Chain 0.25 0.90 0.18 1.00 0.18 0.36 5 0 -0.24 -0.01 33.00 29.00 10/16/2026 No 11 59 None
BCS Barclays plc Options Chain 0.45 0.50 0.18 1.00 0.18 0.32 2 0 -0.24 -0.01 26.84 25.00 10/16/2026 No 17 60 None
HAL Halliburton Company Options Chain 0.57 0.88 0.18 1.00 0.18 0.34 7 26 -0.26 -0.01 35.30 32.00 10/16/2026 No 12 56 None
KO Coca-Cola Company Options Chain 0.97 1.09 0.44 2.50 0.18 0.19 96 297 -0.24 -0.02 91.06 87.50 10/16/2026 No 9 61 None
PCG PG&E Corp Options Chain 0.34 0.46 0.17 1.00 0.17 0.45 81 203 -0.22 -0.01 17.63 16.00 10/16/2026 No 13 59 None
T AT&T Inc Options Chain 0.36 0.38 0.17 1.00 0.17 0.26 221 102 -0.25 -0.01 25.29 24.00 10/16/2026 No 14 67 None
OVV Ovintiv Inc Options Chain 1.25 1.60 0.85 5.00 0.17 0.38 13 4 -0.24 -0.03 66.76 60.00 10/16/2026 No 13 72 None
PG Procter & Gamble Company Options Chain 1.52 1.98 0.85 5.00 0.17 0.20 150 54 -0.27 -0.04 144.88 140.00 10/16/2026 No 9 65 None
CSCO Cisco Systems Inc Options Chain 1.29 1.50 0.41 2.50 0.16 0.32 113 19 -0.19 -0.04 111.17 100.00 10/16/2026 No 8 58 None
ZTS Zoetis Inc - Class A Options Chain 1.15 1.40 0.78 5.00 0.16 0.35 222 75 -0.20 -0.04 77.73 70.00 10/16/2026 No 15 65 None
WMT Walmart Inc Options Chain 1.13 1.24 0.75 5.00 0.15 0.22 1316 439 -0.24 -0.04 103.70 100.00 10/16/2026 No 9 60 None
KEY Keycorp Options Chain 0.20 0.40 0.15 1.00 0.15 0.30 25 0 -0.19 -0.01 21.89 20.00 10/16/2026 No 10 59 None
VTRS Viatris Inc Options Chain 0.10 0.40 0.15 1.00 0.15 0.33 23 0 -0.20 -0.01 16.32 15.00 10/16/2026 No 6 51 None
KMI Kinder Morgan Inc - Class P Options Chain 0.29 0.41 0.15 1.00 0.15 0.24 50 0 -0.21 -0.01 31.14 29.00 10/16/2026 No 9 59 None
EXC Exelon Corp Options Chain 0.40 0.80 0.15 1.00 0.15 0.21 27 0 -0.24 -0.01 43.90 42.00 10/16/2026 No 11 64 None