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
AA Alcoa Corp Options Chain 3.65 4.35 0.40 1.00 0.40 0.72 0 42 -0.30 -0.07 70.96 66.00 5/22/2026 Yes 13 50 None
HUM Humana Inc Options Chain 7.40 9.00 1.95 5.00 0.39 0.59 11 42 -0.29 -0.17 202.99 180.00 5/22/2026 Yes 9 55 None
LLY Lilly(Eli) & Company Options Chain 29.30 31.75 1.70 5.00 0.34 0.46 0 4 -0.29 -0.61 926.02 865.00 5/22/2026 Yes 9 63 None
NVO Novo Nordisk Options Chain 0.94 1.54 0.33 1.00 0.33 0.49 0 7 -0.29 -0.03 36.72 34.00 5/22/2026 Yes 11 54 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.60 13.85 1.65 5.00 0.33 0.51 1 37 -0.29 -0.25 341.70 320.00 5/22/2026 Yes 20 62
Dividend Stock List
BMY Bristol-Myers Squibb Company Options Chain 1.24 1.65 0.32 1.00 0.32 0.34 0 4 -0.30 -0.03 59.10 55.00 5/22/2026 Yes 15 60 None
DELL Dell Technologies Inc - Class C Options Chain 5.70 7.10 1.55 5.00 0.31 0.57 0 6 -0.26 -0.13 173.03 160.00 5/22/2026 No 15 61 None
ORCL Oracle Corp Options Chain 4.90 6.20 1.50 5.00 0.30 0.57 5 6 -0.28 -0.11 145.20 130.00 5/22/2026 No 9 66 None
KHC Kraft Heinz Company Options Chain 0.03 0.88 0.15 0.50 0.30 0.33 0 1 -0.26 -0.01 23.50 21.50 5/22/2026 Yes 5 57 None
EQNR Equinor ASA Options Chain 1.25 1.60 0.28 1.00 0.28 0.51 22 38 -0.30 -0.03 41.57 39.00 5/15/2026 Yes 10 58 None
HAS Hasbro Inc Options Chain 0.95 4.00 0.70 2.50 0.28 0.48 2 1 -0.26 -0.07 90.42 82.50 5/15/2026 Yes 5 59 None
RRC Range Resources Corp Options Chain 0.95 1.25 0.27 1.00 0.27 0.45 0 4 -0.25 -0.03 43.20 41.00 5/15/2026 Yes 12 54 None
FCX Freeport-McMoRan Inc Options Chain 2.02 2.81 0.26 1.00 0.26 0.59 1 0 -0.28 -0.05 60.93 55.00 5/22/2026 Yes 11 59 None
F Ford Motor Company Options Chain 0.23 0.40 0.13 0.50 0.26 0.45 184 6 -0.26 -0.01 11.59 10.50 5/22/2026 Yes 8 48 None
LYB LyondellBasell Industries NV - Class A Options Chain 2.30 2.75 0.63 2.50 0.25 0.58 1 543 -0.25 -0.07 78.61 72.50 5/15/2026 Yes 7 57 None
IVZ Invesco Ltd Options Chain 0.70 0.85 0.25 1.00 0.25 0.55 10 12 -0.29 -0.02 22.86 21.00 5/15/2026 Yes 8 59 None
EHC Encompass Health Corp Options Chain 2.30 4.50 1.22 5.00 0.24 0.47 1 3 -0.30 -0.09 105.58 100.00 5/15/2026 Yes 10 65 None
GE General Electric Company Options Chain 8.70 10.30 1.22 5.00 0.24 0.45 0 2 -0.30 -0.20 287.94 270.00 5/22/2026 Yes 11 65 None
GIS General Mills Inc Options Chain 0.85 0.90 0.58 2.50 0.23 0.31 156 73 -0.30 -0.01 37.74 35.00 5/15/2026 No 7 53 None
OXY Occidental Petroleum Corp Options Chain 1.64 2.35 0.23 1.00 0.23 0.44 0 19 -0.30 -0.04 62.80 59.00 5/22/2026 Yes 8 60 None
DKS Dicks Sporting Goods Inc Options Chain 4.40 5.30 1.15 5.00 0.23 0.46 1 2 -0.25 -0.15 199.80 185.00 5/15/2026 No 11 72 None
FANG Diamondback Energy Inc Options Chain 4.00 5.00 1.12 5.00 0.22 0.44 1 72 -0.26 -0.12 193.50 180.00 5/15/2026 Yes 9 63 None
CG Carlyle Group Inc (The) Options Chain 1.30 1.65 0.55 2.50 0.22 0.58 6 6 -0.26 -0.04 46.87 42.50 5/15/2026 Yes 11 67 None
TFC Truist Financial Corporation Options Chain 1.00 1.20 0.55 2.50 0.22 0.38 44 7 -0.29 -0.02 47.57 45.00 5/15/2026 Yes 13 64 None
BAC Bank Of America Corp Options Chain 1.01 1.16 0.22 1.00 0.22 0.36 0 1 -0.26 -0.03 50.02 47.00 5/22/2026 Yes 12 74 None
PR Permian Resources Corp - Class A Options Chain 0.55 0.75 0.22 1.00 0.22 0.47 2 0 -0.30 -0.02 21.15 20.00 5/15/2026 Yes 7 58 None
KO Coca-Cola Company Options Chain 0.73 1.57 0.21 1.00 0.21 0.25 0 100 -0.28 -0.03 77.22 73.00 5/22/2026 Yes 8 62 None
ALLY Ally Financial Inc Options Chain 0.90 1.20 0.20 1.00 0.20 0.46 40 24 -0.26 -0.02 40.00 37.00 5/15/2026 Yes 11 69 None
BCS Barclays plc Options Chain 0.45 0.70 0.20 1.00 0.20 0.49 5 1 -0.27 -0.02 21.64 20.00 5/15/2026 Yes 18 56 None
HST Host Hotels & Resorts Inc Options Chain 0.35 0.50 0.20 1.00 0.20 0.38 1 0 -0.27 -0.01 19.23 18.00 5/15/2026 Yes 10 51 None
EXC Exelon Corp Options Chain 0.65 1.00 0.20 1.00 0.20 0.27 1 0 -0.30 -0.02 48.94 47.00 5/15/2026 Yes 10 69 None
JPM JPMorgan Chase & Company Options Chain 5.15 7.80 0.95 5.00 0.19 0.34 6 1 -0.28 -0.16 295.01 280.00 5/22/2026 Yes 8 79 None
XOM Exxon Mobil Corp Options Chain 3.80 4.60 0.94 5.00 0.19 0.35 22 15 -0.30 -0.07 163.23 155.00 5/22/2026 Yes 11 71 None
BHP BHP Group Ltd Options Chain 1.50 1.80 0.47 2.50 0.19 0.44 37 5 -0.25 -0.04 72.49 67.50 5/15/2026 No 10 56 None
T AT&T Inc Options Chain 0.39 0.57 0.18 1.00 0.18 0.32 2 2 -0.24 -0.01 28.31 26.00 5/22/2026 Yes 8 57 None
RF Regions Financial Corp Options Chain 0.50 0.65 0.18 1.00 0.18 0.38 0 5 -0.27 -0.02 26.74 25.00 5/15/2026 Yes 14 60 None
UNH Unitedhealth Group Inc Options Chain 6.40 9.55 0.88 5.00 0.18 0.39 12 155 -0.29 -0.18 303.00 290.00 5/22/2026 Yes 10 65 None
CVE Cenovus Energy Inc Options Chain 0.65 0.75 0.17 1.00 0.17 0.47 0 24 -0.26 -0.02 26.86 25.00 5/15/2026 Yes 13 64 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.30 0.40 0.17 1.00 0.17 0.43 46 0 -0.30 -0.01 11.51 11.00 5/15/2026 Yes 22 65
Growth Stock List
GPN Global Payments Inc Options Chain 1.40 1.70 0.85 5.00 0.17 0.59 59 13 -0.21 -0.05 65.00 55.00 5/15/2026 Yes 11 70 None
OKE Oneok Inc Options Chain 1.75 2.20 0.83 5.00 0.17 0.36 86 75 -0.29 -0.04 88.62 85.00 5/15/2026 Yes 9 66 None
TIGO Millicom International Cellular S.A. Options Chain 1.50 3.20 0.82 5.00 0.16 0.46 15 0 -0.30 -0.05 81.20 75.00 5/15/2026 Yes 14 67 None
EPD Enterprise Products Partners L P Options Chain 0.35 0.63 0.16 1.00 0.16 0.25 4 0 -0.21 -0.01 37.95 36.00 5/22/2026 Yes 10 67 None
VZ Verizon Communications Inc Options Chain 0.85 1.37 0.16 1.00 0.16 0.30 0 1 -0.28 -0.01 49.11 46.00 5/22/2026 Yes 9 73 None
FHN First Horizon Corporation Options Chain 0.30 0.55 0.15 1.00 0.15 0.43 1 0 -0.21 -0.01 23.28 21.00 5/15/2026 Yes 15 68 None
CMCSA Comcast Corp - Class A Options Chain 0.44 0.90 0.15 1.00 0.15 0.37 4 2 -0.29 -0.02 27.62 26.00 5/22/2026 Yes 10 53 None