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
COST Costco Wholesale Corp Options Chain 17.35 20.85 1.75 5.00 0.35 0.25 28 15 -0.30 -0.36 1,011.00 960.00 6/18/2026 Yes 14 60 None
GLW Corning Inc Options Chain 9.15 10.00 1.70 5.00 0.34 0.71 75 36 -0.29 -0.16 177.85 150.00 6/18/2026 Yes 8 55 None
BRO Brown & Brown Inc Options Chain 1.20 3.20 1.65 5.00 0.33 0.51 4 1 -0.21 -0.04 65.90 60.00 6/18/2026 Yes 8 57 None
NUE Nucor Corp Options Chain 5.20 6.10 1.65 5.00 0.33 0.37 51 20 -0.27 -0.11 215.00 200.00 6/18/2026 Yes 10 59 None
LLY Lilly(Eli) & Company Options Chain 27.40 28.25 3.23 10.00 0.32 0.41 332 42 -0.30 -0.48 868.27 810.00 6/18/2026 Yes 13 68 None
DELL Dell Technologies Inc - Class C Options Chain 10.30 10.80 1.60 5.00 0.32 0.62 29 27 -0.29 -0.17 216.10 195.00 6/18/2026 Yes 12 53 None
ORCL Oracle Corp Options Chain 7.80 8.05 1.58 5.00 0.32 0.62 145 321 -0.27 -0.14 172.96 155.00 6/18/2026 Yes 7 61 None
GM General Motors Company Options Chain 2.43 2.75 0.78 2.50 0.31 0.43 8 47 -0.30 -0.04 78.10 72.50 6/18/2026 Yes 9 60 None
VST Vistra Corp Options Chain 7.35 7.85 1.52 5.00 0.30 0.62 70 100 -0.28 -0.14 166.58 150.00 6/18/2026 Yes 6 54 None
NXPI NXP Semiconductors NV Options Chain 8.70 9.30 3.00 10.00 0.30 0.46 6 450 -0.30 -0.14 236.87 220.00 6/18/2026 Yes 9 66 None
MSFT Microsoft Corporation Options Chain 12.05 12.45 1.50 5.00 0.30 0.36 1585 241 -0.30 -0.20 424.82 400.00 6/18/2026 Yes 15 71 None
HPQ HP Inc Options Chain 0.79 0.82 0.30 1.00 0.30 0.54 218 55 -0.29 -0.01 19.76 18.00 6/18/2026 Yes 13 51 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.75 13.35 2.95 10.00 0.30 0.46 155 562 -0.27 -0.24 402.46 370.00 6/18/2026 No 20 62
Dividend Stock List
DPZ Dominos Pizza Inc Options Chain 7.90 8.80 2.90 10.00 0.29 0.29 417 83 -0.29 -0.12 367.83 320.00 6/18/2026 Yes 9 56 None
JPM JPMorgan Chase & Company Options Chain 6.05 6.45 1.42 5.00 0.28 0.25 136 35 -0.30 -0.12 308.40 300.00 6/18/2026 No 12 79 None
DKS Dicks Sporting Goods Inc Options Chain 7.80 8.30 2.80 10.00 0.28 0.49 20 19 -0.28 -0.14 225.91 210.00 6/18/2026 Yes 8 60 None
APH Amphenol Corp - Class A Options Chain 6.00 6.50 1.40 5.00 0.28 0.55 26 125 -0.29 -0.11 150.19 135.00 6/18/2026 Yes 11 60 None
V Visa Inc - Class A Options Chain 6.10 6.35 1.38 5.00 0.28 0.27 32 226 -0.30 -0.12 309.65 295.00 6/18/2026 Yes 10 65 None
APA APA Corporation Options Chain 1.46 1.58 0.69 2.50 0.28 0.54 22 5 -0.27 -0.03 37.82 35.00 6/18/2026 Yes 12 62 None
EQNR Equinor ASA Options Chain 1.05 1.25 0.27 1.00 0.27 0.39 7 6 -0.29 -0.02 37.87 35.00 6/18/2026 Yes 8 49 None
DOW Dow Inc Options Chain 1.42 1.52 0.67 2.50 0.27 0.49 324 37 -0.30 -0.02 38.67 35.00 6/18/2026 No 6 49 None
AVGO Broadcom Inc Options Chain 14.75 16.00 2.65 10.00 0.27 0.53 180 546 -0.27 -0.29 422.76 380.00 6/18/2026 Yes 12 64 None
QCOM Qualcomm Inc Options Chain 4.25 4.55 1.32 5.00 0.26 0.47 438 606 -0.25 -0.08 150.26 135.00 6/18/2026 Yes 9 66 None
DAL Delta Air Lines Inc Options Chain 2.11 2.33 0.65 2.50 0.26 0.46 77 171 -0.28 -0.04 68.56 62.50 6/18/2026 No 17 66 None
HAL Halliburton Company Options Chain 0.98 1.06 0.26 1.00 0.26 0.38 34 50 -0.27 -0.02 40.32 37.00 6/18/2026 No 8 55 None
ZTS Zoetis Inc - Class A Options Chain 3.20 3.70 1.27 5.00 0.25 0.39 11 15 -0.29 -0.06 117.87 110.00 6/18/2026 Yes 11 55 None
INFY Infosys Ltd Options Chain 0.40 0.45 0.25 1.00 0.25 0.48 57 4374 -0.26 0.00 12.32 11.00 6/18/2026 No 11 42 None
ALLY Ally Financial Inc Options Chain 1.05 1.20 0.25 1.00 0.25 0.33 0 2 -0.30 -0.02 44.18 42.00 6/18/2026 No 9 66 None
AA Alcoa Corp Options Chain 2.46 2.64 1.24 5.00 0.25 0.56 24 35 -0.26 -0.05 66.01 60.00 6/18/2026 No 13 50 None
CARR Carrier Global Corp Options Chain 1.80 2.10 0.62 2.50 0.25 0.40 0 7 -0.30 -0.03 60.97 57.50 6/18/2026 Yes 7 53 None
IBM International Business Machines Corp Options Chain 4.70 5.20 1.22 5.00 0.24 0.34 1103 64 -0.26 -0.07 231.20 210.00 6/18/2026 No 15 74 None
CSCO Cisco Systems Inc Options Chain 2.13 2.29 0.61 2.50 0.24 0.35 65 162 -0.27 -0.04 88.91 82.50 6/18/2026 Yes 9 65 None
SHW Sherwin-Williams Company Options Chain 7.50 9.30 2.40 10.00 0.24 0.31 2 0 -0.30 -0.14 336.10 320.00 6/18/2026 Yes 10 62 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.85 2.20 0.60 2.50 0.24 0.50 0 14 -0.24 -0.04 69.20 62.50 6/18/2026 Yes 7 58 None
MCD McDonald`s Corp Options Chain 4.10 4.35 1.12 5.00 0.22 0.24 257 88 -0.24 -0.07 299.92 275.00 6/18/2026 Yes 9 59 None
GE General Electric Company Options Chain 6.05 6.85 2.22 10.00 0.22 0.38 72 74 -0.24 -0.14 284.51 260.00 6/18/2026 No 10 60 None
AXP American Express Company Options Chain 6.70 7.10 2.22 10.00 0.22 0.31 15 17 -0.27 -0.14 314.40 300.00 6/18/2026 No 13 70 None
BMY Bristol-Myers Squibb Company Options Chain 1.27 1.40 0.55 2.50 0.22 0.30 37 20 -0.30 -0.03 58.40 55.00 6/18/2026 Yes 15 60 None
FITB Fifth Third Bancorp Options Chain 0.90 1.30 0.22 1.00 0.22 0.28 2 0 -0.30 -0.02 49.64 48.00 6/18/2026 No 10 68 None
FCX Freeport-McMoRan Inc Options Chain 1.82 1.93 1.08 5.00 0.22 0.47 198 226 -0.27 -0.04 61.17 55.00 6/18/2026 No 10 55 None
WMT Walmart Inc Options Chain 2.57 2.72 1.08 5.00 0.22 0.31 319 589 -0.28 -0.05 127.59 120.00 6/18/2026 Yes 7 56 None
OXY Occidental Petroleum Corp Options Chain 1.37 1.50 0.54 2.50 0.22 0.39 50 67 -0.26 -0.03 57.27 52.50 6/18/2026 Yes 7 51 None
KO Coca-Cola Company Options Chain 1.21 1.30 0.54 2.50 0.22 0.22 406 395 -0.29 -0.02 75.44 72.50 6/18/2026 Yes 10 69 None
C Citigroup Inc Options Chain 2.83 2.96 1.07 5.00 0.21 0.34 92 567 -0.27 -0.05 127.98 120.00 6/18/2026 No 14 77 None
CLX Clorox Company Options Chain 2.05 2.20 1.05 5.00 0.21 0.32 151 23 -0.27 -0.04 98.80 90.00 6/18/2026 Yes 8 46 None
SCHW Charles Schwab Corp Options Chain 1.59 1.81 0.52 2.50 0.21 0.29 148 75 -0.26 -0.03 90.76 85.00 6/18/2026 No 15 69 None
UNH Unitedhealth Group Inc Options Chain 6.15 6.60 2.00 10.00 0.20 0.31 321 817 -0.25 -0.14 354.05 330.00 6/18/2026 No 11 64 None
ABT Abbott Laboratories Options Chain 1.40 1.55 0.50 2.50 0.20 0.26 26 34 -0.24 -0.04 91.49 87.50 6/18/2026 No 13 63 None
WFC Wells Fargo & Company Options Chain 1.45 1.52 0.50 2.50 0.20 0.30 85 333 -0.25 -0.03 79.46 75.00 6/18/2026 No 10 66 None
IVZ Invesco Ltd Options Chain 0.55 0.75 0.20 1.00 0.20 0.43 0 2 -0.24 -0.01 25.51 23.00 6/18/2026 Yes 8 58 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.70 0.20 1.00 0.20 0.40 0 3 -0.28 -0.01 20.63 19.00 6/18/2026 Yes 10 66 None
STT State Street Corp Options Chain 2.70 3.30 0.95 5.00 0.19 0.29 1 1 -0.22 -0.06 154.02 145.00 6/18/2026 No 15 74 None
XOM Exxon Mobil Corp Options Chain 2.25 2.35 0.95 5.00 0.19 0.31 137 147 -0.23 -0.05 148.87 135.00 6/18/2026 Yes 9 66 None
RTX RTX Corp Options Chain 2.59 2.93 0.92 5.00 0.18 0.31 67 52 -0.23 -0.07 173.38 160.00 6/18/2026 No 13 67 None
BAC Bank Of America Corp Options Chain 1.00 1.04 0.54 3.00 0.18 0.26 1776 481 -0.28 -0.02 52.12 50.00 6/18/2026 No 13 74 None
KMI Kinder Morgan Inc - Class P Options Chain 0.43 0.48 0.18 1.00 0.18 0.25 1046 167 -0.25 -0.01 30.95 29.00 6/18/2026 No 12 67 None
BTI British American Tobacco Plc Options Chain 1.05 1.20 0.85 5.00 0.17 0.27 11 65 -0.29 -0.02 58.09 55.00 6/18/2026 Yes 12 67 None
EIX Edison International Options Chain 1.45 1.75 0.42 2.50 0.17 0.32 162 12 -0.29 -0.03 69.05 65.00 6/18/2026 Yes 15 77 None
FAST Fastenal Company Options Chain 0.75 0.95 0.20 1.25 0.16 0.30 2 3 -0.27 -0.02 44.76 42.50 6/18/2026 No 16 56 None
EPD Enterprise Products Partners L P Options Chain 0.31 0.61 0.16 1.00 0.16 0.20 28 299 -0.20 -0.01 38.01 36.00 6/18/2026 Yes 8 58 None
T AT&T Inc Options Chain 0.34 0.38 0.16 1.00 0.16 0.25 95 82 -0.24 -0.01 25.52 24.00 6/18/2026 No 9 57 None
DVN Devon Energy Corp Options Chain 0.79 0.88 0.39 2.50 0.16 0.41 13 33 -0.20 -0.02 48.15 42.50 6/18/2026 Yes 9 63 None
KEY Keycorp Options Chain 0.25 0.35 0.15 1.00 0.15 0.29 1 6 -0.21 -0.01 21.67 20.00 6/18/2026 No 10 59 None
VZ Verizon Communications Inc Options Chain 0.50 0.57 0.15 1.00 0.15 0.24 220 271 -0.26 -0.02 47.10 44.00 6/18/2026 Yes 9 73 None
PPL PPL Corp Options Chain 0.45 0.60 0.15 1.00 0.15 0.21 0 1 -0.27 -0.01 38.71 37.00 6/18/2026 Yes 8 66 None
KDP Keurig Dr Pepper Inc Options Chain 0.40 0.55 0.15 1.00 0.15 0.24 7 2 -0.30 -0.01 28.15 27.00 6/18/2026 No 10 53 None