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
LYB LyondellBasell Industries NV - Class A Options Chain 1.35 2.50 0.88 2.50 0.35 0.45 1 0 -0.25 -0.04 63.67 60.00 10/16/2026 No 9 55 None
HAL Halliburton Company Options Chain 1.11 1.16 0.34 1.00 0.34 0.36 13 5 -0.28 -0.02 36.18 35.00 10/16/2026 No 10 48 None
ORCL Oracle Corp Options Chain 6.45 6.60 1.58 5.00 0.32 0.64 437 66 -0.28 -0.13 150.85 135.00 10/16/2026 Yes 8 60 None
EQNR Equinor ASA Options Chain 0.95 1.10 0.30 1.00 0.30 0.36 10 1 -0.27 -0.02 41.39 40.00 10/16/2026 No 11 58 None
EQT EQT Corp Options Chain 1.21 1.32 0.71 2.50 0.28 0.30 20 3 -0.28 -0.03 54.66 52.50 10/16/2026 No 11 60 None
QCOM Qualcomm Inc Options Chain 4.20 4.45 1.39 5.00 0.28 0.42 96 88 -0.26 -0.09 164.19 155.00 10/16/2026 No 10 63 None
TGT Target Corp Options Chain 3.50 3.70 1.34 5.00 0.27 0.30 34 10 -0.28 -0.08 163.23 155.00 10/16/2026 No 14 72 None
ADM Archer Daniels Midland Company Options Chain 1.55 1.95 0.65 2.50 0.26 0.32 0 2 -0.30 -0.04 81.54 77.50 10/16/2026 No 17 52 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.70 8.95 2.53 10.00 0.25 0.35 108 252 -0.25 -0.19 418.89 390.00 10/16/2026 Yes 20 61
Dividend Stock List
SLB SLB Options Chain 1.33 1.41 0.60 2.50 0.24 0.36 118 78 -0.29 -0.03 57.33 55.00 10/16/2026 Yes 7 59 None
CRM Salesforce Inc Options Chain 5.85 6.05 2.30 10.00 0.23 0.39 84 39 -0.28 -0.14 256.00 240.00 10/16/2026 No 15 71 None
EIX Edison International Options Chain 1.30 1.40 0.57 2.50 0.23 0.45 401 47 -0.19 -0.02 70.17 50.00 10/16/2026 No 10 63 None
EPD Enterprise Products Partners L P Options Chain 0.36 0.48 0.22 1.00 0.22 0.17 2 0 -0.26 -0.01 39.00 38.00 10/16/2026 No 9 58 None
DVN Devon Energy Corp Options Chain 0.96 1.02 0.54 2.50 0.22 0.34 9 9 -0.24 -0.02 47.48 45.00 10/16/2026 No 10 57 None
CVX Chevron Corp Options Chain 2.81 2.96 1.05 5.00 0.21 0.26 236 35 -0.23 -0.08 204.35 195.00 10/16/2026 No 11 69 None
XOM Exxon Mobil Corp Options Chain 2.45 2.61 1.04 5.00 0.21 0.28 91 797 -0.24 -0.07 156.44 150.00 10/16/2026 No 11 66 None
COP Conoco Phillips Options Chain 2.20 2.37 1.03 5.00 0.21 0.31 18 17 -0.24 -0.07 129.95 125.00 10/16/2026 No 10 70 None
NVO Novo Nordisk Options Chain 0.91 0.92 0.51 2.50 0.20 0.34 363 144 -0.26 -0.02 45.61 42.50 10/16/2026 No 14 58 None
EXC Exelon Corp Options Chain 0.45 0.65 0.20 1.00 0.20 0.23 0 2 -0.25 -0.01 43.93 41.00 10/16/2026 No 8 56 None
OKE Oneok Inc Options Chain 1.55 1.70 0.98 5.00 0.20 0.29 6 3 -0.24 -0.04 94.50 90.00 10/16/2026 No 14 70 None
OXY Occidental Petroleum Corp Options Chain 0.91 0.98 0.49 2.50 0.20 0.32 870 6 -0.22 -0.02 59.10 55.00 10/16/2026 No 10 55 None
BKR Baker Hughes Co - Class A Options Chain 1.30 1.60 0.97 5.00 0.19 0.34 77 18 -0.27 -0.03 62.41 60.00 10/16/2026 No 15 64 None
NKE Nike Inc - Class B Options Chain 0.79 0.82 0.47 2.50 0.19 0.44 126 126 -0.22 -0.02 39.55 35.00 10/16/2026 Yes 14 59 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.25 0.90 5.00 0.18 0.35 5 0 -0.23 -0.02 55.33 50.00 10/16/2026 Yes 7 56 None
CVE Cenovus Energy Inc Options Chain 0.50 1.15 0.18 1.00 0.18 0.39 0 1 -0.27 -0.02 31.58 30.00 10/16/2026 No 13 68 None
AA Alcoa Corp Options Chain 1.20 1.41 0.89 5.00 0.18 0.51 1 10 -0.23 -0.03 50.32 45.00 10/16/2026 Yes 17 52 None
WMT Walmart Inc Options Chain 1.34 1.35 0.87 5.00 0.17 0.23 438 189 -0.26 -0.04 103.09 100.00 10/16/2026 No 8 56 None
KO Coca-Cola Company Options Chain 0.84 0.89 0.43 2.50 0.17 0.20 116 77 -0.25 -0.02 89.66 85.00 10/16/2026 No 11 67 None
OVV Ovintiv Inc Options Chain 1.30 1.40 0.85 5.00 0.17 0.38 88 1 -0.25 -0.04 64.59 60.00 10/16/2026 No 13 72 None
WMB Williams Cos Inc Options Chain 1.20 1.30 0.82 5.00 0.16 0.29 65 14 -0.26 -0.03 73.73 70.00 10/16/2026 No 8 63 None
LUV Southwest Airlines Company Options Chain 0.66 0.74 0.40 2.50 0.16 0.40 66 17 -0.22 -0.02 39.64 35.00 10/16/2026 No 13 61 None
TFC Truist Financial Corporation Options Chain 0.70 0.80 0.40 2.50 0.16 0.26 4 1 -0.25 -0.02 53.13 47.50 10/16/2026 Yes 15 75 None
KEY Keycorp Options Chain 0.20 0.30 0.15 1.00 0.15 0.27 1 0 -0.18 -0.01 21.91 20.00 10/16/2026 Yes 14 68 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.15 0.30 0.15 1.00 0.15 0.43 4 0 -0.21 0.00 9.95 9.00 10/16/2026 Yes 15 51 None