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
HPQ HP Inc Options Chain 1.14 1.35 0.41 1.00 0.41 0.50 16 8 -0.29 -0.02 31.30 29.00 11/20/2026 No 10 46 None
CVE Cenovus Energy Inc Options Chain 0.50 1.40 0.35 1.00 0.35 0.43 1 89 -0.26 -0.02 30.93 29.00 11/20/2026 Yes 14 68 None
ACN Accenture plc - Class A Options Chain 6.20 6.80 1.60 5.00 0.32 0.48 42 35 -0.30 -0.10 176.40 160.00 11/20/2026 Yes 15 60 None
PAAS Pan American Silver Corp Options Chain 1.55 1.95 0.32 1.00 0.32 0.51 1 501 -0.28 -0.03 45.77 42.00 11/20/2026 Yes 17 64 None
QCOM Qualcomm Inc Options Chain 6.70 7.25 1.58 5.00 0.32 0.53 177 314 -0.27 -0.13 187.48 170.00 11/20/2026 Yes 10 63 None
IBM International Business Machines Corp Options Chain 6.75 7.20 1.58 5.00 0.32 0.42 70 80 -0.29 -0.12 225.51 205.00 11/20/2026 Yes 13 74 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.15 12.90 3.08 10.00 0.31 0.35 179 97 -0.30 -0.23 452.88 430.00 11/20/2026 Yes 20 61
Dividend Stock List
GLW Corning Inc Options Chain 5.95 6.40 1.53 5.00 0.31 0.60 43 76 -0.26 -0.11 156.74 135.00 11/20/2026 Yes 10 54 None
JCI Johnson Controls International plc Options Chain 4.00 4.90 1.52 5.00 0.30 0.39 0 2 -0.29 -0.08 151.78 140.00 11/20/2026 Yes 8 59 None
EIX Edison International Options Chain 1.40 1.65 0.75 2.50 0.30 0.39 72 111 -0.28 -0.02 52.65 47.50 11/20/2026 Yes 10 56 None
INFY Infosys Ltd Options Chain 0.30 0.60 0.30 1.00 0.30 0.47 11 0 -0.27 0.00 10.50 10.00 11/20/2026 Yes 16 53 None
PR Permian Resources Corp - Class A Options Chain 0.60 0.80 0.30 1.00 0.30 0.42 14 5 -0.30 -0.01 21.30 20.00 11/20/2026 Yes 10 60 None
AVGO Broadcom Inc Options Chain 9.95 10.20 2.95 10.00 0.30 0.37 671 578 -0.30 -0.19 349.57 330.00 11/20/2026 No 10 65 None
ORCL Oracle Corp Options Chain 4.65 4.75 1.45 5.00 0.29 0.52 467 885 -0.27 -0.08 137.07 120.00 11/20/2026 No 8 62 None
NTAP Netapp Inc Options Chain 7.30 8.60 1.45 5.00 0.29 0.48 7 19 -0.30 -0.13 204.41 190.00 11/20/2026 No 10 58 None
DAL Delta Air Lines Inc Options Chain 2.43 2.66 0.72 2.50 0.29 0.43 24 114 -0.28 -0.05 84.94 77.50 11/20/2026 Yes 10 58 None
SYF Synchrony Financial Options Chain 1.30 2.60 0.72 2.50 0.29 0.35 0 3 -0.30 -0.03 71.52 67.50 11/20/2026 Yes 14 75 None
MSFT Microsoft Corporation Options Chain 11.60 12.05 1.43 5.00 0.29 0.33 321 296 -0.28 -0.24 509.22 480.00 11/20/2026 Yes 11 66 None
MCD McDonald`s Corp Options Chain 3.80 4.20 1.41 5.00 0.28 0.24 110 466 -0.28 -0.09 233.60 225.00 11/20/2026 Yes 9 52 None
BWXT BWX Technologies Inc Options Chain 4.70 5.30 1.40 5.00 0.28 0.48 18 25 -0.29 -0.09 134.35 125.00 11/20/2026 Yes 10 56 None
BHP BHP Group Ltd Options Chain 2.15 2.40 0.70 2.50 0.28 0.35 48 6 -0.29 -0.04 84.58 80.00 11/20/2026 Yes 11 25 None
CRM Salesforce Inc Options Chain 6.00 6.60 2.62 10.00 0.26 0.41 129 794 -0.26 -0.12 234.02 210.00 11/20/2026 No 11 63 None
VST Vistra Corp Options Chain 3.80 3.95 1.30 5.00 0.26 0.47 53 42 -0.24 -0.09 138.76 125.00 11/20/2026 Yes 7 61 None
CVX Chevron Corp Options Chain 4.35 4.65 1.30 5.00 0.26 0.30 104 146 -0.29 -0.08 204.45 195.00 11/20/2026 Yes 13 77 None
APH Amphenol Corp - Class A Options Chain 2.60 2.85 0.65 2.50 0.26 0.47 29 33 -0.27 -0.05 84.62 77.50 11/20/2026 Yes 9 55 None
BMY Bristol-Myers Squibb Company Options Chain 1.51 1.63 0.65 2.50 0.26 0.32 28 57 -0.30 -0.02 62.90 60.00 11/20/2026 Yes 16 70 None
PCG PG&E Corp Options Chain 0.36 0.45 0.26 1.00 0.26 0.46 8715 95 -0.28 -0.01 12.33 11.00 11/20/2026 Yes 13 60 None
COST Costco Wholesale Corp Options Chain 11.35 14.60 1.28 5.00 0.26 0.20 31 16 -0.28 -0.28 922.92 890.00 11/20/2026 No 14 59 None
UNH Unitedhealth Group Inc Options Chain 8.70 9.15 2.55 10.00 0.26 0.37 64 52 -0.25 -0.20 377.01 350.00 11/20/2026 Yes 13 65 None
MDT Medtronic Plc Options Chain 1.76 2.04 0.63 2.50 0.25 0.29 115 193 -0.29 -0.03 89.50 85.00 11/20/2026 Yes 12 64 None
HPE Hewlett Packard Enterprise Company Options Chain 2.39 2.50 1.25 5.00 0.25 0.63 349 88 -0.24 -0.05 62.94 55.00 11/20/2026 No 12 59 None
JPM JPMorgan Chase & Company Options Chain 6.25 6.75 1.25 5.00 0.25 0.27 141 96 -0.29 -0.12 336.59 320.00 11/20/2026 Yes 8 71 None
GM General Motors Company Options Chain 2.10 2.27 1.23 5.00 0.25 0.39 61 22 -0.27 -0.05 82.63 75.00 11/20/2026 Yes 9 59 None
MS Morgan Stanley Options Chain 4.10 4.45 1.22 5.00 0.24 0.34 23 26 -0.26 -0.08 193.64 180.00 11/20/2026 Yes 14 75 None
OXY Occidental Petroleum Corp Options Chain 1.32 1.45 0.60 2.50 0.24 0.36 30 50 -0.28 -0.03 56.10 52.50 11/20/2026 Yes 10 55 None
VZ Verizon Communications Inc Options Chain 0.81 0.87 0.24 1.00 0.24 0.25 26 176 -0.27 -0.01 46.68 44.00 11/20/2026 Yes 10 73 None
CVS CVS Health Corp Options Chain 1.84 1.93 0.59 2.50 0.24 0.38 2427 4 -0.24 -0.04 89.13 80.00 11/20/2026 Yes 14 69 None
FCX Freeport-McMoRan Inc Options Chain 2.07 2.27 1.17 5.00 0.23 0.48 1628 153 -0.25 -0.04 72.31 65.00 11/20/2026 Yes 10 59 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.30 1.65 0.58 2.50 0.23 0.45 1 1 -0.23 -0.03 58.27 52.50 11/20/2026 Yes 9 55 None
AZN Astrazeneca plc Options Chain 2.75 3.20 1.13 5.00 0.23 0.31 1 26 -0.24 -0.07 166.58 155.00 11/20/2026 Yes 11 62 None
KMI Kinder Morgan Inc - Class P Options Chain 0.49 0.65 0.21 1.00 0.21 0.27 1 25 -0.29 -0.01 30.63 29.00 11/20/2026 Yes 12 67 None
WFC Wells Fargo & Company Options Chain 1.39 1.51 0.52 2.50 0.21 0.31 115 144 -0.25 -0.03 80.81 75.00 11/20/2026 Yes 12 65 None
MET Metlife Inc Options Chain 1.65 2.15 0.52 2.50 0.21 0.30 14 5 -0.27 -0.03 95.82 90.00 11/20/2026 Yes 15 60 None
XOM Exxon Mobil Corp Options Chain 2.70 2.88 1.01 5.00 0.20 0.31 186 196 -0.24 -0.06 160.51 150.00 11/20/2026 Yes 11 66 None
NKE Nike Inc - Class B Options Chain 0.82 0.92 0.50 2.50 0.20 0.46 733 967 -0.22 -0.02 36.39 32.50 11/20/2026 Yes 11 53 None
BAC Bank Of America Corp Options Chain 0.98 1.05 0.50 2.50 0.20 0.28 349 242 -0.26 -0.02 56.74 52.50 11/20/2026 Yes 14 74 None
BCS Barclays plc Options Chain 0.55 0.65 0.20 1.00 0.20 0.36 2 0 -0.26 -0.01 24.81 23.00 11/20/2026 Yes 18 68 None
EPD Enterprise Products Partners L P Options Chain 0.39 0.60 0.20 1.00 0.20 0.21 20 0 -0.27 -0.01 36.75 35.00 11/20/2026 Yes 12 67 None
BBD Banco Bradesco S.A. Options Chain 0.10 0.15 0.10 0.50 0.20 0.55 2 0 -0.27 0.00 3.35 3.00 11/20/2026 Yes 13 50 None
ALL Allstate Corp (The) Options Chain 3.40 4.40 1.92 10.00 0.19 0.33 6 3 -0.22 -0.11 227.60 210.00 11/20/2026 Yes 14 66 None
CSCO Cisco Systems Inc Options Chain 1.99 2.17 0.96 5.00 0.19 0.41 283 73 -0.21 -0.04 106.89 95.00 11/20/2026 Yes 11 67 None
C Citigroup Inc Options Chain 2.08 2.29 0.94 5.00 0.19 0.34 278 37 -0.22 -0.05 131.31 120.00 11/20/2026 Yes 17 78 None
KO Coca-Cola Company Options Chain 0.92 1.00 0.47 2.50 0.19 0.22 362 877 -0.22 -0.03 87.18 82.50 11/20/2026 Yes 9 61 None
DVN Devon Energy Corp Options Chain 0.87 0.99 0.46 2.50 0.18 0.38 4 38 -0.22 -0.02 47.05 42.50 11/20/2026 Yes 13 66 None
KHC Kraft Heinz Company Options Chain 0.54 0.58 0.46 2.50 0.18 0.31 44 2 -0.29 -0.01 23.67 22.50 11/20/2026 Yes 7 57 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 1.05 1.35 0.90 5.00 0.18 0.36 14 0 -0.28 -0.02 48.46 45.00 11/20/2026 Yes 10 64 None
KEY Keycorp Options Chain 0.20 0.45 0.18 1.00 0.18 0.30 1 0 -0.22 -0.01 20.61 19.00 11/20/2026 Yes 10 59 None
T AT&T Inc Options Chain 0.39 0.43 0.18 1.00 0.18 0.29 104 74 -0.23 -0.01 24.90 23.00 11/20/2026 Yes 15 67 None
VTRS Viatris Inc Options Chain 0.00 0.75 0.18 1.00 0.18 0.49 0 1 -0.26 -0.01 17.91 17.00 11/20/2026 Yes 6 51 None
NVO Novo Nordisk Options Chain 0.65 0.69 0.44 2.50 0.18 0.37 648 4 -0.23 -0.02 38.71 35.00 11/20/2026 Yes 11 50 None
APA APA Corporation Options Chain 0.96 1.14 0.43 2.50 0.17 0.48 68 2 -0.23 -0.02 42.75 37.50 11/20/2026 Yes 14 70 None
PG Procter & Gamble Company Options Chain 1.70 1.88 0.85 5.00 0.17 0.23 132 186 -0.24 -0.04 146.25 140.00 11/20/2026 Yes 8 65 None
RIO Rio Tinto plc Options Chain 1.50 2.30 0.82 5.00 0.16 0.28 3 6 -0.29 -0.04 94.41 90.00 11/20/2026 No 11 65 None
F Ford Motor Company Options Chain 0.21 0.24 0.16 1.00 0.16 0.40 127 198 -0.20 0.00 12.71 11.00 11/20/2026 Yes 9 51 None
DOW Dow Inc Options Chain 0.53 0.63 0.39 2.50 0.16 0.43 259 10 -0.19 -0.01 28.02 25.00 11/20/2026 Yes 8 54 None
PEP PepsiCo Inc Options Chain 1.25 1.49 0.77 5.00 0.15 0.25 123 23 -0.20 -0.05 128.75 120.00 11/20/2026 Yes 9 57 None