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
TSM Taiwan Semiconductor Manufacturing Options Chain 13.45 14.30 3.40 10.00 0.34 0.48 71 183 -0.26 -0.25 404.98 360.00 6/18/2026 No 20 62
Dividend Stock List
DELL Dell Technologies Inc - Class C Options Chain 10.30 10.65 1.70 5.00 0.34 0.64 17 35 -0.30 -0.18 215.97 185.00 6/18/2026 Yes 12 53 None
ORCL Oracle Corp Options Chain 7.80 7.95 1.63 5.00 0.33 0.64 198 158 -0.28 -0.14 173.00 150.00 6/18/2026 Yes 7 61 None
GLW Corning Inc Options Chain 6.65 7.10 1.58 5.00 0.32 0.69 66 139 -0.26 -0.14 168.01 135.00 6/18/2026 Yes 8 55 None
HAL Halliburton Company Options Chain 1.13 1.18 0.30 1.00 0.30 0.39 0 18 -0.29 -0.02 40.05 38.00 6/18/2026 No 8 55 None
APH Amphenol Corp - Class A Options Chain 5.90 6.20 1.45 5.00 0.29 0.58 8 6 -0.27 -0.11 150.19 130.00 6/18/2026 Yes 11 60 None
HPQ HP Inc Options Chain 0.74 0.76 0.29 1.00 0.29 0.52 2 16 -0.28 -0.01 19.76 18.00 6/18/2026 Yes 13 51 None
DAL Delta Air Lines Inc Options Chain 2.27 2.38 0.67 2.50 0.27 0.45 0 45 -0.30 -0.04 68.20 62.50 6/18/2026 No 17 66 None
QCOM Qualcomm Inc Options Chain 4.20 4.50 1.31 5.00 0.26 0.47 141 45 -0.28 -0.08 150.26 135.00 6/18/2026 Yes 9 64 None
DOW Dow Inc Options Chain 1.38 1.48 0.65 2.50 0.26 0.49 16 51 -0.29 -0.02 38.10 35.00 6/18/2026 No 6 49 None
SLB SLB Options Chain 1.58 1.66 0.65 2.50 0.26 0.39 1624 294 -0.29 -0.03 55.23 52.50 6/18/2026 Yes 9 66 None
NXPI NXP Semiconductors NV Options Chain 7.10 7.90 2.55 10.00 0.26 0.48 3 5 -0.28 -0.15 236.87 210.00 6/18/2026 Yes 9 66 None
NUE Nucor Corp Options Chain 5.60 6.80 2.50 10.00 0.25 0.38 15 89 -0.28 -0.11 215.00 210.00 6/18/2026 Yes 10 59 None
APA APA Corporation Options Chain 1.28 1.39 0.61 2.50 0.24 0.54 1 6 -0.26 -0.03 38.43 35.00 6/18/2026 Yes 12 62 None
WFC Wells Fargo & Company Options Chain 1.83 1.88 0.61 2.50 0.24 0.30 9 155 -0.30 -0.03 80.56 77.50 6/18/2026 No 10 65 None
BRO Brown & Brown Inc Options Chain 1.50 2.05 1.13 5.00 0.23 0.36 2 0 -0.29 -0.03 67.05 60.00 6/18/2026 Yes 8 57 None
JNJ Johnson & Johnson Options Chain 4.20 4.50 2.24 10.00 0.22 0.24 14 275 -0.30 -0.07 225.20 220.00 6/18/2026 No 9 66 None
OKE Oneok Inc Options Chain 2.05 2.15 1.12 5.00 0.22 0.30 65 289 -0.30 -0.03 87.75 85.00 6/18/2026 Yes 9 66 None
KO Coca-Cola Company Options Chain 1.17 1.20 0.56 2.50 0.22 0.20 158 533 -0.30 -0.02 75.44 77.50 6/18/2026 Yes 10 69 None
C Citigroup Inc Options Chain 2.91 3.05 1.11 5.00 0.22 0.34 69 43 -0.28 -0.05 129.14 120.00 6/18/2026 No 14 77 None
CLX Clorox Company Options Chain 1.75 2.30 1.10 5.00 0.22 0.36 4 16 -0.25 -0.05 96.66 90.00 6/18/2026 Yes 8 46 None
BHP BHP Group Ltd Options Chain 1.70 1.90 0.55 2.50 0.22 0.37 1 3 -0.26 -0.04 79.84 72.50 6/18/2026 No 11 26 None
PR Permian Resources Corp - Class A Options Chain 0.40 0.60 0.22 1.00 0.22 0.41 0 3 -0.26 -0.01 20.63 19.00 6/18/2026 Yes 10 66 None
CVE Cenovus Energy Inc Options Chain 0.70 0.80 0.22 1.00 0.22 0.42 24 10 -0.27 -0.01 26.78 25.00 6/18/2026 Yes 13 64 None
GM General Motors Company Options Chain 1.70 1.81 0.53 2.50 0.21 0.38 94 10 -0.25 -0.04 77.96 70.00 6/18/2026 Yes 9 60 None
BMY Bristol-Myers Squibb Company Options Chain 1.14 1.25 0.53 2.50 0.21 0.31 50 4 -0.27 -0.03 57.78 55.00 6/18/2026 Yes 15 60 None
UNH Unitedhealth Group Inc Options Chain 6.80 7.20 2.10 10.00 0.21 0.31 138 45 -0.28 -0.14 354.69 340.00 6/18/2026 No 11 66 None
WMT Walmart Inc Options Chain 2.46 2.55 1.05 5.00 0.21 0.32 36 23 -0.26 -0.06 127.59 120.00 6/18/2026 Yes 7 56 None
KMI Kinder Morgan Inc - Class P Options Chain 0.47 0.50 0.21 1.00 0.21 0.25 507 2 -0.25 -0.01 30.98 30.00 6/18/2026 No 12 67 None
VZ Verizon Communications Inc Options Chain 0.65 0.70 0.21 1.00 0.21 0.24 122 1121 -0.29 -0.02 47.20 45.00 6/18/2026 Yes 9 73 None
RIO Rio Tinto plc Options Chain 2.10 2.40 0.52 2.50 0.21 0.34 101 37 -0.28 -0.05 99.95 92.50 6/18/2026 No 10 70 None
DVN Devon Energy Corp Options Chain 1.12 1.19 0.51 2.50 0.20 0.41 8 35 -0.25 -0.02 48.20 45.00 6/18/2026 Yes 9 63 None
ALLY Ally Financial Inc Options Chain 0.80 0.95 0.20 1.00 0.20 0.34 9 0 -0.26 -0.02 44.40 41.00 6/18/2026 No 9 66 None
INFY Infosys Ltd Options Chain 0.30 0.50 0.20 1.00 0.20 0.46 49 327 -0.30 -0.01 12.32 11.00 6/18/2026 No 11 42 None
XOM Exxon Mobil Corp Options Chain 2.55 2.68 0.99 5.00 0.20 0.32 104 41 -0.26 -0.05 148.19 140.00 6/18/2026 Yes 9 66 None
EPD Enterprise Products Partners L P Options Chain 0.49 0.62 0.19 1.00 0.19 0.17 24 17 -0.22 0.00 38.22 37.00 6/18/2026 Yes 8 59 None
T AT&T Inc Options Chain 0.40 0.43 0.19 1.00 0.19 0.25 71 12 -0.28 -0.01 25.52 25.00 6/18/2026 No 9 57 None
PAAS Pan American Silver Corp Options Chain 1.50 1.60 0.92 5.00 0.18 0.59 10 2 -0.21 -0.03 55.23 45.00 6/18/2026 Yes 14 55 None
BCS Barclays plc Options Chain 0.50 0.55 0.18 1.00 0.18 0.40 706 42 -0.25 -0.01 23.09 21.00 6/18/2026 Yes 18 68 None
GIS General Mills Inc Options Chain 0.55 0.70 0.43 2.50 0.17 0.30 54 5 -0.25 -0.02 34.81 32.50 6/18/2026 No 10 61 None
BAC Bank Of America Corp Options Chain 0.92 0.95 0.50 3.00 0.17 0.27 101 12 -0.28 -0.02 52.63 50.00 6/18/2026 No 13 74 None
OXY Occidental Petroleum Corp Options Chain 1.08 1.14 0.40 2.50 0.16 0.41 23 71 -0.22 -0.03 57.27 52.50 6/18/2026 Yes 7 51 None
CARR Carrier Global Corp Options Chain 1.20 1.60 0.40 2.50 0.16 0.44 3 0 -0.23 -0.03 61.91 55.00 6/18/2026 Yes 7 56 None
CMCSA Comcast Corp - Class A Options Chain 0.43 0.46 0.16 1.00 0.16 0.30 1 16 -0.24 -0.01 27.58 26.00 6/18/2026 No 14 62 None
XYL Xylem Inc Options Chain 1.70 2.05 0.75 5.00 0.15 0.31 20 3 -0.24 -0.05 123.51 110.00 6/18/2026 Yes 16 66 None
FCX Freeport-McMoRan Inc Options Chain 1.06 1.10 0.45 3.00 0.15 0.50 111 14 -0.18 -0.03 60.57 50.00 6/18/2026 No 10 55 None
EC Ecopetrol SA Options Chain 0.30 0.45 0.15 1.00 0.15 0.44 0 29 0.00 0.00 13.72 12.00 6/18/2026 Yes 11 57 None
PCG PG&E Corp Options Chain 0.27 0.31 0.15 1.00 0.15 0.35 6 0 -0.22 -0.01 16.39 15.00 6/18/2026 No 11 59 None
CTRA Coterra Energy Inc Options Chain 0.85 1.10 0.15 1.00 0.15 0.40 0 1 -0.28 -0.02 33.67 32.00 6/18/2026 Yes 14 70 None