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
FCX Freeport-McMoRan Inc Options Chain 1.63 2.60 0.60 1.00 0.60 0.49 5 1 -0.28 -0.04 64.37 59.00 6/26/2026 No 11 57 None
QCOM Qualcomm Inc Options Chain 9.20 10.80 1.05 2.50 0.42 0.69 17 2 -0.29 -0.19 237.53 185.00 6/26/2026 No 14 71 None
COST Costco Wholesale Corp Options Chain 18.00 21.50 1.97 5.00 0.39 0.26 5 0 -0.30 -0.45 999.47 985.00 6/26/2026 Yes 14 59 None
DELL Dell Technologies Inc - Class C Options Chain 10.05 12.55 1.87 5.00 0.37 0.68 13 2 -0.30 -0.24 247.04 210.00 6/26/2026 Yes 14 59 None
GLW Corning Inc Options Chain 9.35 11.75 0.92 2.50 0.37 0.74 34 4 -0.29 -0.19 207.39 175.00 6/26/2026 No 8 52 None
WFC Wells Fargo & Company Options Chain 1.51 1.85 0.36 1.00 0.36 0.32 2 26 -0.29 -0.04 73.58 71.00 6/26/2026 No 13 73 None
NVO Novo Nordisk Options Chain 0.97 1.67 0.36 1.00 0.36 0.40 8 2 -0.30 -0.03 46.40 44.00 6/26/2026 No 13 54 None
ORCL Oracle Corp Options Chain 7.85 8.90 0.88 2.50 0.35 0.66 9 8 -0.29 -0.17 193.84 167.50 6/26/2026 Yes 9 66 None
BMY Bristol-Myers Squibb Company Options Chain 0.91 1.07 0.35 1.00 0.35 0.27 1 1 -0.27 -0.03 55.67 54.00 6/26/2026 No 11 53 None
EPD Enterprise Products Partners L P Options Chain 0.36 0.79 0.31 1.00 0.31 0.21 0 20 -0.30 -0.01 37.90 37.00 6/26/2026 No 9 59 None
TGT Target Corp Options Chain 3.05 4.30 0.30 1.00 0.30 0.43 0 2 -0.29 -0.06 118.44 113.00 6/26/2026 Yes 10 55 None
CSCO Cisco Systems Inc Options Chain 2.11 3.55 0.30 1.00 0.30 0.39 13 8 -0.30 -0.06 98.72 93.00 6/26/2026 Yes 9 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.70 11.00 1.42 5.00 0.28 0.43 64 84 -0.28 -0.24 404.54 365.00 6/26/2026 No 20 61
Dividend Stock List
MO Altria Group Inc Options Chain 0.96 1.37 0.28 1.00 0.28 0.25 1 1 -0.28 -0.02 68.61 67.00 6/26/2026 No 12 67 None
EQNR Equinor ASA Options Chain 1.00 1.10 0.27 1.00 0.27 0.41 14 9 -0.30 -0.02 38.22 36.00 6/18/2026 No 10 58 None
IBM International Business Machines Corp Options Chain 4.75 5.50 1.30 5.00 0.26 0.32 3 9 -0.30 -0.12 223.55 210.00 6/26/2026 No 14 72 None
BAC Bank Of America Corp Options Chain 0.76 1.06 0.26 1.00 0.26 0.30 2 21 -0.26 -0.02 50.55 48.00 6/26/2026 No 10 65 None
OXY Occidental Petroleum Corp Options Chain 0.94 1.37 0.26 1.00 0.26 0.36 6 15 -0.26 -0.02 55.14 52.00 6/26/2026 No 7 50 None
WMT Walmart Inc Options Chain 2.29 3.10 0.26 1.00 0.26 0.31 5 3 -0.28 -0.06 127.59 124.00 6/26/2026 Yes 8 58 None
PM Philip Morris International Inc Options Chain 3.30 5.10 1.27 5.00 0.25 0.31 1 0 -0.30 -0.07 182.11 180.00 6/26/2026 No 8 62 None
HAL Halliburton Company Options Chain 0.70 1.06 0.25 1.00 0.25 0.39 0 1 -0.24 -0.02 40.26 38.00 6/26/2026 No 10 54 None
CVE Cenovus Energy Inc Options Chain 0.65 0.85 0.25 1.00 0.25 0.41 10 1 -0.29 -0.02 29.13 28.00 6/18/2026 No 14 66 None
UNH Unitedhealth Group Inc Options Chain 6.55 7.80 1.20 5.00 0.24 0.30 18 11 -0.27 -0.16 384.44 370.00 6/26/2026 No 11 64 None
BHP BHP Group Ltd Options Chain 1.55 1.90 0.60 2.50 0.24 0.37 158 18 -0.26 -0.05 87.65 82.50 6/18/2026 No 9 58 None
HPQ HP Inc Options Chain 0.57 0.90 0.12 0.50 0.24 0.50 1 0 -0.29 -0.01 21.67 19.00 6/26/2026 Yes 13 50 None
MCD McDonald`s Corp Options Chain 3.15 3.55 1.18 5.00 0.24 0.20 16 10 -0.27 -0.08 274.60 265.00 6/26/2026 No 12 68 None
CLX Clorox Company Options Chain 1.70 1.85 1.10 5.00 0.22 0.32 143 138 -0.27 -0.05 88.90 85.00 6/18/2026 No 10 47 None
INFY Infosys Ltd Options Chain 0.25 0.45 0.22 1.00 0.22 0.39 1 2 -0.11 0.00 12.30 11.00 6/18/2026 No 13 43 None
FITB Fifth Third Bancorp Options Chain 0.70 1.00 0.22 1.00 0.22 0.31 3 0 -0.28 -0.03 48.65 46.00 6/18/2026 No 10 68 None
PR Permian Resources Corp - Class A Options Chain 0.45 0.55 0.22 1.00 0.22 0.40 300 1 -0.29 -0.01 20.15 19.00 6/18/2026 Yes 8 58 None
LLY Lilly(Eli) & Company Options Chain 22.95 25.75 1.07 5.00 0.21 0.35 12 0 -0.30 -0.53 966.99 940.00 6/26/2026 No 14 70 None
BWA BorgWarner Inc Options Chain 1.20 1.65 0.53 2.50 0.21 0.39 1881 1 -0.27 -0.03 63.15 60.00 6/18/2026 No 12 60 None
APH Amphenol Corp - Class A Options Chain 2.70 3.00 1.05 5.00 0.21 0.50 160 119 -0.23 -0.09 122.47 115.00 6/18/2026 No 9 58 None
JPM JPMorgan Chase & Company Options Chain 4.45 5.10 1.03 5.00 0.21 0.28 2 30 -0.28 -0.11 300.00 290.00 6/26/2026 No 12 79 None
OVV Ovintiv Inc Options Chain 1.45 1.60 1.03 5.00 0.21 0.41 12 2 -0.30 -0.03 59.09 55.00 6/18/2026 Yes 10 73 None
IVZ Invesco Ltd Options Chain 0.45 0.75 0.20 1.00 0.20 0.39 0 2 -0.24 -0.01 27.99 26.00 6/18/2026 No 7 56 None
ALLY Ally Financial Inc Options Chain 0.65 0.80 0.20 1.00 0.20 0.35 19 1 -0.25 -0.02 42.74 40.00 6/18/2026 No 10 68 None
VZ Verizon Communications Inc Options Chain 0.46 0.63 0.20 1.00 0.20 0.21 1 33 -0.28 -0.02 47.23 46.00 6/26/2026 No 13 73 None
F Ford Motor Company Options Chain 0.16 0.20 0.10 0.50 0.20 0.33 96 218 -0.21 -0.01 12.05 11.00 6/26/2026 No 9 50 None
AZN Astrazeneca plc Options Chain 2.50 2.95 0.95 5.00 0.19 0.30 19 0 -0.25 -0.10 181.86 175.00 6/18/2026 No 13 68 None
KMI Kinder Morgan Inc - Class P Options Chain 0.36 0.49 0.19 1.00 0.19 0.24 1 0 -0.26 -0.01 32.25 31.00 6/26/2026 No 11 67 None
ZTS Zoetis Inc - Class A Options Chain 1.50 1.60 0.92 5.00 0.18 0.44 203 112 -0.20 -0.05 76.67 70.00 6/18/2026 No 14 63 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.10 0.90 5.00 0.18 0.32 168 3 -0.29 -0.02 47.07 45.00 6/18/2026 No 8 54 None
MFC Manulife Financial Corp Options Chain 0.45 0.70 0.18 1.00 0.18 0.25 3 2 -0.27 -0.01 39.97 38.00 6/18/2026 Yes 14 75 None
EXC Exelon Corp Options Chain 0.45 0.65 0.17 1.00 0.17 0.22 1 2 -0.26 -0.01 44.19 43.00 6/18/2026 No 11 65 None
HBAN Huntington Bancshares Inc Options Chain 0.25 0.35 0.17 1.00 0.17 0.29 20 6 -0.29 -0.01 15.96 15.00 6/18/2026 No 9 58 None
C Citigroup Inc Options Chain 2.57 3.35 0.17 1.00 0.17 0.33 28 24 -0.30 -0.07 125.85 120.00 6/26/2026 No 12 69 None
GIS General Mills Inc Options Chain 0.55 0.65 0.42 2.50 0.17 0.32 116 40 -0.28 -0.02 33.80 32.50 6/18/2026 No 11 61 None
ROL Rollins Inc Options Chain 0.55 0.70 0.40 2.50 0.16 0.26 2 553 -0.24 -0.02 52.88 50.00 6/18/2026 No 9 56 None
XOM Exxon Mobil Corp Options Chain 1.96 2.35 0.78 5.00 0.16 0.30 733 702 -0.22 -0.04 149.68 140.00 6/26/2026 No 10 71 None
GFI Gold Fields Ltd Options Chain 1.05 1.30 0.78 5.00 0.16 0.56 5 2 -0.24 -0.04 46.14 40.00 6/18/2026 No 11 56 None
CGNX Cognex Corp Options Chain 1.15 1.55 0.75 5.00 0.15 0.45 11 1 -0.24 -0.04 67.26 60.00 6/18/2026 No 13 57 None
BCS Barclays plc Options Chain 0.40 0.50 0.15 1.00 0.15 0.42 27 0 -0.25 -0.01 23.17 21.00 6/18/2026 No 18 68 None
KEY Keycorp Options Chain 0.25 0.40 0.15 1.00 0.15 0.31 284 8 -0.25 -0.01 21.31 20.00 6/18/2026 No 10 59 None
EC Ecopetrol SA Options Chain 0.25 0.40 0.15 1.00 0.15 0.46 1 2 -0.26 -0.01 12.79 12.00 6/18/2026 Yes 13 58 None
ARMK Aramark Options Chain 0.60 0.75 0.15 1.00 0.15 0.27 0 10 -0.30 -0.02 44.56 46.00 6/18/2026 Yes 11 55 None