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 1.96 2.22 0.43 1.00 0.43 0.68 69 4 -0.30 -0.03 38.06 34.00 7/17/2026 Yes 6 51 None
EPD Enterprise Products Partners L P Options Chain 0.55 0.80 0.40 1.00 0.40 0.22 78 1 -0.29 -0.01 38.40 37.00 7/17/2026 No 9 59 None
QCOM Qualcomm Inc Options Chain 11.40 12.95 1.90 5.00 0.38 0.80 1886 98 -0.25 -0.22 233.40 200.00 7/17/2026 No 14 67 None
AVGO Broadcom Inc Options Chain 16.95 17.95 3.57 10.00 0.36 0.52 75 86 -0.30 -0.29 423.95 390.00 7/17/2026 Yes 12 64 None
GLW Corning Inc Options Chain 10.65 10.95 1.77 5.00 0.35 0.74 54 146 -0.28 -0.18 196.17 170.00 7/17/2026 No 8 52 None
DELL Dell Technologies Inc - Class C Options Chain 15.55 16.95 3.50 10.00 0.35 0.74 9 69 -0.27 -0.30 309.86 270.00 7/17/2026 Yes 14 58 None
APH Amphenol Corp - Class A Options Chain 5.80 6.20 1.65 5.00 0.33 0.53 45 27 -0.30 -0.10 141.10 130.00 7/17/2026 No 11 62 None
ORCL Oracle Corp Options Chain 7.60 7.90 1.62 5.00 0.32 0.61 74 368 -0.26 -0.14 190.96 170.00 7/17/2026 Yes 7 61 None
LLY Lilly(Eli) & Company Options Chain 26.35 28.45 3.22 10.00 0.32 0.33 13 5 -0.30 -0.53 1,064.74 1,030.00 7/17/2026 No 10 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 14.45 15.15 3.20 10.00 0.32 0.48 5915 508 -0.28 -0.26 422.73 390.00 7/17/2026 Yes 20 62
Dividend Stock List
SQM Sociedad Quimica Y Minera de Chile S.A. Options Chain 3.70 4.30 0.80 2.50 0.32 0.58 0 5 -0.30 -0.06 83.94 77.50 7/17/2026 Yes 11 62 None
BWA BorgWarner Inc Options Chain 2.60 3.20 0.77 2.50 0.31 0.53 382 192 -0.29 -0.05 68.70 65.00 7/17/2026 No 12 61 None
COST Costco Wholesale Corp Options Chain 18.25 19.60 1.53 5.00 0.31 0.25 3 11 -0.29 -0.40 1,003.40 965.00 7/17/2026 Yes 13 59 None
NTAP Netapp Inc Options Chain 4.20 5.60 1.52 5.00 0.30 0.51 1 4 -0.27 -0.10 142.74 130.00 7/17/2026 Yes 13 65 None
VST Vistra Corp Options Chain 5.45 5.85 1.50 5.00 0.30 0.53 1012 76 -0.26 -0.11 160.15 145.00 7/17/2026 No 8 56 None
EC Ecopetrol SA Options Chain 0.45 0.75 0.30 1.00 0.30 0.63 3 1 -0.28 -0.01 14.86 13.00 7/17/2026 Yes 14 58 None
IBM International Business Machines Corp Options Chain 6.50 7.25 1.45 5.00 0.29 0.37 49 184 -0.28 -0.14 250.69 240.00 7/17/2026 No 14 72 None
HPQ HP Inc Options Chain 0.99 1.09 0.29 1.00 0.29 0.55 17 1684 -0.28 -0.02 24.43 23.00 7/17/2026 Yes 13 57 None
HAL Halliburton Company Options Chain 1.08 1.15 0.29 1.00 0.29 0.38 52 96 -0.29 -0.02 41.08 37.00 7/17/2026 No 10 56 None
KMI Kinder Morgan Inc - Class P Options Chain 0.59 0.71 0.29 1.00 0.29 0.26 7 137 -0.30 -0.01 32.87 31.00 7/17/2026 Yes 13 67 None
HD Home Depot Inc Options Chain 6.50 6.95 1.43 5.00 0.29 0.30 28 30 -0.28 -0.11 310.54 300.00 7/17/2026 No 6 60 None
LUV Southwest Airlines Company Options Chain 1.54 1.84 0.71 2.50 0.28 0.51 54 6 -0.30 -0.03 42.28 40.00 7/17/2026 No 12 61 None
JPM JPMorgan Chase & Company Options Chain 6.20 6.55 1.40 5.00 0.28 0.29 163 150 -0.30 -0.11 306.74 285.00 7/17/2026 Yes 10 70 None
AMKR AMKOR Technology Inc Options Chain 3.40 3.70 1.35 5.00 0.27 0.85 34 24 -0.23 -0.07 75.95 60.00 7/17/2026 No 14 52 None
EQNR Equinor ASA Options Chain 0.85 1.15 0.27 1.00 0.27 0.40 61 11 -0.27 -0.02 37.74 34.00 7/17/2026 No 11 58 None
VZ Verizon Communications Inc Options Chain 0.83 0.88 0.27 1.00 0.27 0.24 61 149 -0.29 -0.01 48.39 46.00 7/17/2026 No 13 73 None
DAL Delta Air Lines Inc Options Chain 2.71 2.87 0.65 2.50 0.26 0.48 124 70 -0.27 -0.05 79.40 75.00 7/17/2026 Yes 16 66 None
DKS Dicks Sporting Goods Inc Options Chain 4.20 5.20 1.25 5.00 0.25 0.38 54 6 -0.25 -0.09 233.13 200.00 7/17/2026 Yes 7 64 None
XOM Exxon Mobil Corp Options Chain 3.00 3.20 1.24 5.00 0.25 0.30 124 322 -0.27 -0.06 147.90 140.00 7/17/2026 No 11 70 None
MPC Marathon Petroleum Corp Options Chain 6.40 6.60 2.45 10.00 0.25 0.39 14 22 -0.27 -0.14 248.61 230.00 7/17/2026 No 11 63 None
TOL Toll Brothers Inc Options Chain 3.20 3.80 1.17 5.00 0.23 0.38 5 0 -0.27 -0.07 138.29 130.00 7/17/2026 No 12 69 None
RF Regions Financial Corp Options Chain 0.40 0.75 0.23 1.00 0.23 0.33 0 1 -0.26 -0.01 27.88 26.00 7/17/2026 Yes 17 70 None
BAC Bank Of America Corp Options Chain 0.97 1.03 0.23 1.00 0.23 0.30 106 309 -0.27 -0.02 52.20 48.00 7/17/2026 Yes 13 74 None
CDW CDW Corp Options Chain 2.75 3.60 1.15 5.00 0.23 0.43 0 3 -0.27 -0.07 107.00 105.00 7/17/2026 No 14 57 None
PEP PepsiCo Inc Options Chain 2.59 2.75 1.15 5.00 0.23 0.26 54 72 -0.28 -0.04 147.74 140.00 7/17/2026 Yes 9 54 None
BBY Best Buy Co. Inc Options Chain 1.45 1.65 0.57 2.50 0.23 0.44 52 12 -0.24 -0.03 63.21 57.50 7/17/2026 Yes 18 57 None
CSCO Cisco Systems Inc Options Chain 2.47 2.68 1.13 5.00 0.23 0.37 165 63 -0.24 -0.05 118.19 110.00 7/17/2026 No 10 62 None
A Agilent Technologies Inc Options Chain 2.40 3.20 1.12 5.00 0.22 0.43 4 11 -0.24 -0.06 115.82 105.00 7/17/2026 Yes 12 61 None
UNH Unitedhealth Group Inc Options Chain 6.70 7.25 2.20 10.00 0.22 0.29 25 101 -0.26 -0.12 376.70 360.00 7/17/2026 No 11 64 None
GM General Motors Company Options Chain 1.83 2.03 0.55 2.50 0.22 0.38 16 856 -0.25 -0.04 79.79 77.50 7/17/2026 No 8 60 None
INFY Infosys Ltd Options Chain 0.25 0.65 0.22 1.00 0.22 0.48 10 0 -0.12 0.00 12.10 11.00 7/17/2026 No 13 43 None
EXC Exelon Corp Options Chain 0.55 0.75 0.22 1.00 0.22 0.22 0 3 -0.27 -0.01 46.03 44.00 7/17/2026 No 11 65 None
TGT Target Corp Options Chain 2.46 2.64 1.09 5.00 0.22 0.33 68 83 -0.25 -0.06 128.33 120.00 7/17/2026 No 9 54 None
BCS Barclays plc Options Chain 0.65 0.75 0.20 1.00 0.20 0.39 2 0 -0.29 -0.01 24.60 23.00 7/17/2026 No 14 59 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.55 0.20 1.00 0.20 0.37 5 1 -0.29 -0.01 19.33 18.00 7/17/2026 No 9 60 None
MMM 3M Company Options Chain 2.57 2.77 0.99 5.00 0.20 0.31 21 11 -0.24 -0.07 155.17 145.00 7/17/2026 No 6 59 None
GFI Gold Fields Ltd Options Chain 1.15 1.40 0.98 5.00 0.20 0.56 289 1 -0.23 -0.03 41.15 35.00 7/17/2026 No 11 56 None
WFC Wells Fargo & Company Options Chain 1.27 1.36 0.47 2.50 0.19 0.34 68 118 -0.23 -0.03 77.40 70.00 7/17/2026 Yes 13 74 None
CLX Clorox Company Options Chain 1.65 1.80 0.93 5.00 0.19 0.32 43 27 -0.24 -0.04 96.23 90.00 7/17/2026 No 14 55 None
DVN Devon Energy Corp Options Chain 0.86 0.92 0.46 2.50 0.18 0.39 61 33 -0.23 -0.02 45.14 40.00 7/17/2026 No 7 51 None
APA APA Corporation Options Chain 0.88 1.00 0.44 2.50 0.18 0.50 57 12 -0.22 -0.02 37.50 32.50 7/17/2026 No 15 62 None
FCX Freeport-McMoRan Inc Options Chain 1.40 1.51 0.87 5.00 0.17 0.52 305 40 -0.21 -0.04 64.36 55.00 7/17/2026 No 9 58 None
SCHW Charles Schwab Corp Options Chain 1.36 1.53 0.86 5.00 0.17 0.30 475 235 -0.26 -0.04 85.61 80.00 7/17/2026 Yes 12 59 None
F Ford Motor Company Options Chain 0.30 0.36 0.17 1.00 0.17 0.46 6392 273 -0.20 -0.01 15.32 14.00 7/17/2026 No 8 48 None
BHP BHP Group Ltd Options Chain 1.65 1.95 0.85 5.00 0.17 0.38 2 1 -0.24 -0.04 86.49 80.00 7/17/2026 No 9 57 None
PG Procter & Gamble Company Options Chain 1.79 1.98 0.83 5.00 0.17 0.23 193 73 -0.24 -0.05 147.49 140.00 7/17/2026 No 12 72 None
C Citigroup Inc Options Chain 1.99 2.29 0.80 5.00 0.16 0.34 137 28 -0.23 -0.06 126.86 115.00 7/17/2026 Yes 14 77 None
TFC Truist Financial Corporation Options Chain 0.75 0.90 0.40 2.50 0.16 0.32 12 55 -0.23 -0.02 48.65 45.00 7/17/2026 Yes 15 75 None
VICI VICI Properties Inc Options Chain 0.40 0.60 0.40 2.50 0.16 0.22 40 0 -0.30 -0.01 28.63 27.50 7/17/2026 No 9 67 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.40 1.75 0.78 5.00 0.16 0.45 40 2 -0.23 -0.03 69.01 60.00 7/17/2026 No 7 59 None
BMY Bristol-Myers Squibb Company Options Chain 0.60 0.68 0.38 2.50 0.15 0.28 249 43 -0.18 -0.01 58.04 52.50 7/17/2026 No 15 61 None
T AT&T Inc Options Chain 0.27 0.33 0.15 1.00 0.15 0.27 212 283 -0.21 -0.01 25.04 23.00 7/17/2026 No 9 58 None
KEY Keycorp Options Chain 0.30 0.50 0.15 1.00 0.15 0.30 27 0 -0.25 -0.01 21.77 20.00 7/17/2026 No 10 59 None