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
JCI Johnson Controls International plc Options Chain 1.55 4.00 1.63 5.00 0.33 0.39 0 1 -0.25 -0.05 114.21 105.00 12/19/2025 Yes 8 62 None
GFI Gold Fields Ltd Options Chain 1.35 1.85 0.32 1.00 0.32 0.59 5 0 -0.28 -0.03 38.78 35.00 12/19/2025 Yes 13 60 None
EQT EQT Corp Options Chain 1.41 1.52 0.31 1.00 0.31 0.39 3 1 -0.29 -0.03 52.45 49.00 12/19/2025 No 10 69 None
FCX Freeport-McMoRan Inc Options Chain 1.34 1.45 0.31 1.00 0.31 0.44 27 21 -0.29 -0.03 41.73 39.00 12/19/2025 No 12 60 None
BKR Baker Hughes Co - Class A Options Chain 1.00 1.10 0.30 1.00 0.30 0.35 14 2 -0.26 -0.02 48.75 45.00 12/19/2025 No 14 65 None
STX Seagate Technology Holdings Plc Options Chain 10.20 10.80 2.90 10.00 0.29 0.60 14 19 -0.26 -0.22 268.33 240.00 12/19/2025 No 13 59 None
ORCL Oracle Corp Options Chain 9.65 9.95 2.87 10.00 0.29 0.59 1093 662 -0.26 -0.20 256.89 230.00 12/19/2025 Yes 8 62 None
MSFT Microsoft Corporation Options Chain 8.95 9.10 1.40 5.00 0.28 0.24 308 843 -0.29 -0.19 525.76 505.00 12/19/2025 Yes 13 68 None
EBAY EBay Inc Options Chain 1.36 1.83 0.70 2.50 0.28 0.34 38 42 -0.24 -0.04 83.73 77.50 12/19/2025 Yes 11 63 None
QCOM Qualcomm Inc Options Chain 4.45 4.80 1.38 5.00 0.28 0.39 33 272 -0.28 -0.09 177.26 165.00 12/19/2025 Yes 15 71 None
LLY Lilly(Eli) & Company Options Chain 18.05 19.30 2.75 10.00 0.28 0.34 45 152 -0.27 -0.37 844.50 790.00 12/19/2025 Yes 11 65 None
AVGO Broadcom Inc Options Chain 13.30 13.65 2.73 10.00 0.27 0.55 227 275 -0.26 -0.28 387.09 340.00 12/19/2025 Yes 9 67 None
IBM International Business Machines Corp Options Chain 5.45 6.00 1.35 5.00 0.27 0.31 50 23 -0.26 -0.11 310.06 290.00 12/19/2025 No 11 67 None
NKE Nike Inc - Class B Options Chain 1.75 1.85 0.66 2.50 0.26 0.41 450 109 -0.27 -0.03 64.90 60.00 12/19/2025 Yes 8 55 None
TGT Target Corp Options Chain 2.90 3.05 1.31 5.00 0.26 0.45 64 59 -0.28 -0.05 92.92 85.00 12/19/2025 Yes 13 66 None
DAL Delta Air Lines Inc Options Chain 1.72 1.83 0.64 2.50 0.26 0.46 1398 171 -0.27 -0.04 57.12 52.50 12/19/2025 No 13 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.20 8.60 2.52 10.00 0.25 0.42 90 1103 -0.27 -0.17 303.22 280.00 12/19/2025 No 22 74
Dividend Stock List
NEM Newmont Corp Options Chain 2.14 2.20 0.63 2.50 0.25 0.44 83 29 -0.25 -0.05 82.31 75.00 12/19/2025 No 17 71 None
LVS Las Vegas Sands Corp Options Chain 1.44 1.55 0.63 2.50 0.25 0.38 3 50 -0.27 -0.03 58.95 55.00 12/19/2025 No 11 62 None
FITB Fifth Third Bancorp Options Chain 0.60 1.10 0.25 1.00 0.25 0.34 0 4 -0.25 -0.02 41.95 39.00 12/19/2025 No 12 73 None
COP Conoco Phillips Options Chain 1.81 1.92 0.62 2.50 0.25 0.32 18 58 -0.27 -0.03 88.14 82.50 12/19/2025 Yes 11 76 None
WMT Walmart Inc Options Chain 2.03 2.11 0.62 2.50 0.25 0.28 235 219 -0.29 -0.04 102.23 97.50 12/19/2025 Yes 9 59 None
UNH Unitedhealth Group Inc Options Chain 7.30 7.70 2.47 10.00 0.25 0.36 303 469 -0.26 -0.15 344.75 320.00 12/19/2025 No 12 65 None
LIN Linde Plc. Options Chain 6.30 8.40 1.20 5.00 0.24 0.26 4 0 -0.28 -0.17 429.91 410.00 12/19/2025 Yes 12 68 None
V Visa Inc - Class A Options Chain 5.60 6.05 1.20 5.00 0.24 0.25 47 15 -0.28 -0.12 345.03 330.00 12/19/2025 No 9 69 None
CVS CVS Health Corp Options Chain 1.60 1.72 0.60 2.50 0.24 0.32 24 46 -0.28 -0.04 76.69 72.50 12/19/2025 Yes 10 64 None
CARR Carrier Global Corp Options Chain 1.25 1.65 0.60 2.50 0.24 0.36 34 23 -0.28 -0.03 58.85 55.00 12/19/2025 No 12 59 None
NVO Novo Nordisk Options Chain 1.67 1.78 1.19 5.00 0.24 0.55 3118 2566 -0.26 -0.04 50.04 45.00 12/19/2025 Yes 16 65 None
RTX RTX Corp Options Chain 2.87 3.05 1.17 5.00 0.23 0.24 13 14 -0.29 -0.06 177.42 170.00 12/19/2025 No 13 64 None
GM General Motors Company Options Chain 1.46 1.50 0.58 2.50 0.23 0.31 1067 42 -0.29 -0.03 68.67 65.00 12/19/2025 No 12 74 None
HPE Hewlett Packard Enterprise Company Options Chain 0.60 0.65 0.23 1.00 0.23 0.45 5 27 -0.24 -0.01 24.41 22.00 12/19/2025 Yes 13 59 None
ICE Intercontinental Exchange Inc Options Chain 1.80 2.50 1.15 5.00 0.23 0.26 6 3 -0.23 -0.05 148.52 140.00 12/19/2025 Yes 8 72 None
DVN Devon Energy Corp Options Chain 0.90 0.95 0.57 2.50 0.23 0.39 64 36 -0.30 -0.02 32.01 30.00 12/19/2025 Yes 10 66 None
JPM JPMorgan Chase & Company Options Chain 5.25 5.60 1.13 5.00 0.23 0.27 446 109 -0.27 -0.13 309.44 295.00 12/19/2025 No 11 79 None
AMAT Applied Materials Inc Options Chain 5.85 6.45 2.25 10.00 0.23 0.46 2 12 -0.24 -0.14 235.78 210.00 12/19/2025 Yes 15 68 None
RMD Resmed Inc Options Chain 6.30 8.50 2.25 10.00 0.23 0.46 10 48 -0.27 -0.16 252.26 230.00 12/19/2025 No 19 59
Dividend Stock List
GILD Gilead Sciences Inc Options Chain 2.52 2.75 1.11 5.00 0.22 0.36 36 454 -0.26 -0.05 118.44 110.00 12/19/2025 No 11 72 None
CHRW C.H. Robinson Worldwide Inc Options Chain 2.05 3.30 1.10 5.00 0.22 0.29 1 2 -0.25 -0.06 154.88 145.00 12/19/2025 Yes 12 65 None
JBHT J.B. Hunt Transport Services Inc Options Chain 2.85 4.50 1.10 5.00 0.22 0.35 20 0 -0.26 -0.08 166.64 155.00 12/19/2025 No 11 57 None
AON Aon plc. - Class A Options Chain 5.10 8.00 2.15 10.00 0.21 0.30 120 0 -0.28 -0.14 326.07 310.00 12/19/2025 Yes 10 68 None
RSG Republic Services Inc Options Chain 3.00 3.70 1.07 5.00 0.21 0.26 1 0 -0.27 -0.09 209.92 200.00 12/19/2025 No 13 67 None
F Ford Motor Company Options Chain 0.20 0.23 0.07 0.33 0.21 0.32 112 33 -0.22 0.00 13.06 12.00 12/19/2025 No 16 54 None
MS Morgan Stanley Options Chain 2.93 3.10 1.05 5.00 0.21 0.30 0 5 -0.26 -0.06 165.26 155.00 12/19/2025 No 14 74 None
BAC Bank Of America Corp Options Chain 0.96 1.02 0.21 1.00 0.21 0.29 44 137 -0.27 -0.02 52.66 50.00 12/19/2025 No 11 74 None
C Citigroup Inc Options Chain 1.73 1.85 0.52 2.50 0.21 0.33 167 157 -0.24 -0.04 100.22 92.50 12/19/2025 No 16 83 None
WFC Wells Fargo & Company Options Chain 1.46 1.54 0.51 2.50 0.20 0.31 25 131 -0.25 -0.03 85.99 80.00 12/19/2025 No 11 74 None
GIS General Mills Inc Options Chain 0.85 1.10 0.50 2.50 0.20 0.28 13 40 -0.30 -0.02 47.05 45.00 12/19/2025 Yes 13 63 None
STM ST Microelectronics Options Chain 0.50 0.60 0.20 1.00 0.20 0.44 30 188 -0.23 -0.01 24.45 22.00 12/19/2025 No 13 47 None
BCS Barclays plc Options Chain 0.45 0.50 0.20 1.00 0.20 0.34 1547 0 -0.28 -0.01 21.37 20.00 12/19/2025 No 17 55 None
CVX Chevron Corp Options Chain 2.27 2.50 0.99 5.00 0.20 0.25 440 26 -0.27 -0.04 153.52 145.00 12/19/2025 Yes 11 74 None
MO Altria Group Inc Options Chain 0.84 0.90 0.49 2.50 0.20 0.23 239 129 -0.28 -0.02 57.13 55.00 12/19/2025 Yes 11 66 None
ADM Archer Daniels Midland Company Options Chain 0.90 1.15 0.48 2.50 0.19 0.35 6 2 -0.21 -0.02 61.24 55.00 12/19/2025 No 11 52 None
AZN Astrazeneca plc Options Chain 1.12 1.23 0.48 2.50 0.19 0.27 3 8 -0.23 -0.03 82.23 77.50 12/19/2025 Yes 10 67 None
TSN Tyson Foods Inc - Class A Options Chain 0.75 0.90 0.48 2.50 0.19 0.31 0 2 -0.23 -0.02 51.41 47.50 12/19/2025 Yes 13 59 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.25 1.70 0.48 2.50 0.19 0.33 19 1 -0.27 -0.03 72.19 67.50 12/19/2025 Yes 18 64 None
HPQ HP Inc Options Chain 0.56 0.68 0.19 1.00 0.19 0.40 0 1 -0.25 -0.01 27.51 25.00 12/19/2025 Yes 13 50 None
IP International Paper Company Options Chain 0.70 0.85 0.45 2.50 0.18 0.39 3 6 -0.21 -0.01 38.63 35.00 12/19/2025 Yes 6 50 None
CG Carlyle Group Inc (The) Options Chain 1.75 2.30 0.45 2.50 0.18 0.45 0 1 -0.30 -0.04 56.57 52.50 12/19/2025 Yes 14 68 None
SYY Sysco Corp Options Chain 1.00 1.30 0.45 2.50 0.18 0.21 23 0 -0.30 -0.03 74.70 72.50 12/19/2025 No 10 62 None
CNP Centerpoint Energy Inc Options Chain 0.45 0.60 0.18 1.00 0.18 0.22 2 1 -0.26 -0.01 38.91 37.00 12/19/2025 Yes 9 63 None
EXC Exelon Corp Options Chain 0.60 0.85 0.18 1.00 0.18 0.23 3 4 -0.29 -0.01 47.07 45.00 12/19/2025 Yes 11 68 None
CSCO Cisco Systems Inc Options Chain 0.99 1.09 0.44 2.50 0.18 0.30 88 559 -0.22 -0.03 72.91 67.50 12/19/2025 Yes 11 66 None
OXY Occidental Petroleum Corp Options Chain 0.73 0.78 0.44 2.50 0.18 0.35 418 82 -0.24 -0.02 40.70 37.50 12/19/2025 Yes 7 64 None
ITW Illinois Tool Works Inc Options Chain 2.10 3.50 1.72 10.00 0.17 0.24 17 2 -0.21 -0.09 243.64 230.00 12/19/2025 No 13 62 None
RIO Rio Tinto plc Options Chain 1.05 1.10 0.43 2.50 0.17 0.28 105 23 -0.24 -0.03 72.20 67.50 12/19/2025 No 13 74 None
KDP Keurig Dr Pepper Inc Options Chain 0.35 0.55 0.17 1.00 0.17 0.29 578 219 -0.23 -0.01 27.68 26.00 12/19/2025 No 10 61 None
HBAN Huntington Bancshares Inc Options Chain 0.20 0.40 0.17 1.00 0.17 0.36 254 122 -0.24 -0.01 15.32 14.00 12/19/2025 No 13 66 None
HST Host Hotels & Resorts Inc Options Chain 0.30 0.40 0.17 1.00 0.17 0.36 3 0 -0.26 -0.01 16.08 15.00 12/19/2025 Yes 9 59 None
AWK American Water Works Co. Inc Options Chain 1.60 2.30 0.82 5.00 0.16 0.24 21 2 -0.28 -0.04 131.50 120.00 12/19/2025 No 10 61 None
PFE Pfizer Inc Options Chain 0.33 0.37 0.24 1.50 0.16 0.27 148 14 -0.20 0.00 24.29 22.50 12/19/2025 Yes 14 63 None
WM Waste Management Inc Options Chain 2.00 2.40 0.77 5.00 0.15 0.22 15 31 -0.22 -0.05 200.57 190.00 12/19/2025 No 11 68 None
PM Philip Morris International Inc Options Chain 1.75 1.95 0.75 5.00 0.15 0.28 16 7 -0.21 -0.06 145.76 135.00 12/19/2025 No 11 68 None
MRK Merck & Co Inc Options Chain 1.16 1.30 0.75 5.00 0.15 0.30 181 25 -0.22 -0.03 86.28 80.00 12/19/2025 Yes 14 73 None
GRMN Garmin Ltd Options Chain 2.80 3.40 0.75 5.00 0.15 0.29 24 1 -0.23 -0.08 214.97 200.00 12/19/2025 Yes 17 60
Dividend Stock List
GPN Global Payments Inc Options Chain 1.40 3.10 0.75 5.00 0.15 0.52 16 3 -0.24 -0.06 78.69 70.00 12/19/2025 Yes 14 72 None
IVZ Invesco Ltd Options Chain 0.35 0.60 0.15 1.00 0.15 0.41 0 2 -0.21 -0.01 23.48 21.00 12/19/2025 No 13 66 None
VZ Verizon Communications Inc Options Chain 0.37 0.41 0.15 1.00 0.15 0.21 259 37 -0.22 -0.01 38.96 37.00 12/19/2025 Yes 14 65 None