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
HPE Hewlett Packard Enterprise Company Options Chain 3.10 3.30 0.43 1.00 0.43 0.79 13 3 -0.28 -0.06 51.19 48.00 12/18/2026 Yes 9 53 None
ORCL Oracle Corp Options Chain 7.05 7.20 1.75 5.00 0.35 0.69 1064 3282 -0.29 -0.13 119.22 115.00 12/18/2026 Yes 10 62 None
QCOM Qualcomm Inc Options Chain 7.05 7.25 1.65 5.00 0.33 0.57 118 999 -0.30 -0.12 162.08 150.00 12/18/2026 Yes 12 71 None
AGI Alamos Gold Inc - Class A Options Chain 0.75 0.85 0.32 1.00 0.32 0.48 9 0 -0.26 -0.02 27.76 25.00 12/18/2026 No 13 55 None
PAAS Pan American Silver Corp Options Chain 1.10 1.40 0.32 1.00 0.32 0.51 0 1 -0.27 -0.03 39.05 35.00 12/18/2026 Yes 19 67 None
DELL Dell Technologies Inc - Class C Options Chain 22.25 22.95 3.17 10.00 0.32 0.81 30 29 -0.28 -0.46 392.78 360.00 12/18/2026 Yes 13 59 None
VST Vistra Corp Options Chain 5.45 5.85 1.57 5.00 0.31 0.54 1179 15 -0.30 -0.11 134.61 130.00 12/18/2026 Yes 8 61 None
IBM International Business Machines Corp Options Chain 6.50 6.75 1.50 5.00 0.30 0.37 11 78 -0.30 -0.12 252.51 235.00 12/18/2026 No 12 74 None
FCX Freeport-McMoRan Inc Options Chain 2.13 2.28 0.74 2.50 0.30 0.49 548 245 -0.30 -0.05 62.97 57.50 12/18/2026 No 9 58 None
HPQ HP Inc Options Chain 1.01 1.11 0.28 1.00 0.28 0.61 6256 69 -0.26 -0.02 28.43 25.00 12/18/2026 Yes 12 54 None
APH Amphenol Corp - Class A Options Chain 2.55 2.75 0.70 2.50 0.28 0.47 21 77 -0.28 -0.06 79.84 77.50 12/18/2026 No 8 55 None
DVN Devon Energy Corp Options Chain 1.38 1.45 0.69 2.50 0.28 0.41 23 14 -0.29 -0.03 48.63 45.00 12/18/2026 Yes 13 64 None
CSCO Cisco Systems Inc Options Chain 3.00 3.30 0.68 2.50 0.27 0.49 29 86 -0.27 -0.07 101.61 95.00 12/18/2026 Yes 10 67 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.80 11.30 2.70 10.00 0.27 0.40 124 150 -0.27 -0.23 398.63 380.00 12/18/2026 No 20 62
Dividend Stock List
KMI Kinder Morgan Inc - Class P Options Chain 0.67 0.70 0.27 1.00 0.27 0.26 7 1 -0.30 -0.01 32.71 32.00 12/18/2026 No 10 59 None
CRM Salesforce Inc Options Chain 6.45 6.75 1.32 5.00 0.26 0.53 477 129 -0.24 -0.16 225.41 200.00 12/18/2026 Yes 10 63 None
JPM JPMorgan Chase & Company Options Chain 5.60 5.95 1.30 5.00 0.26 0.25 22 140 -0.29 -0.14 340.58 325.00 12/18/2026 No 9 78 None
CVS CVS Health Corp Options Chain 2.11 2.23 0.64 2.50 0.26 0.37 17 35 -0.29 -0.05 88.51 85.00 12/18/2026 Yes 12 62 None
MCD McDonald`s Corp Options Chain 3.95 4.25 1.27 5.00 0.25 0.26 184 52 -0.28 -0.08 265.64 250.00 12/18/2026 Yes 9 59 None
GE General Electric Company Options Chain 7.00 7.40 2.40 10.00 0.24 0.37 34 141 -0.26 -0.18 315.78 300.00 12/18/2026 No 8 59 None
NYT New York Times Co. - Class A Options Chain 1.50 2.60 0.60 2.50 0.24 0.47 0 1 -0.26 -0.05 69.96 62.50 12/18/2026 Yes 14 60 None
ADM Archer Daniels Midland Company Options Chain 1.30 1.60 0.60 2.50 0.24 0.33 67 105 -0.27 -0.03 75.77 67.50 12/18/2026 Yes 17 52 None
KGC Kinross Gold Corp Options Chain 0.47 0.59 0.24 1.00 0.24 0.48 769 48 -0.24 -0.01 20.80 18.00 12/18/2026 No 16 53 None
VZ Verizon Communications Inc Options Chain 0.67 0.72 0.24 1.00 0.24 0.26 115 63 -0.27 -0.02 45.14 43.00 12/18/2026 No 7 64 None
BCS Barclays plc Options Chain 0.45 0.50 0.23 1.00 0.23 0.36 1 50 -0.24 -0.01 22.61 21.00 12/18/2026 No 19 69 None
PR Permian Resources Corp - Class A Options Chain 0.60 0.65 0.23 1.00 0.23 0.45 10 2 -0.25 -0.01 24.56 22.00 12/18/2026 Yes 12 65 None
BAC Bank Of America Corp Options Chain 0.85 0.89 0.23 1.00 0.23 0.29 398 172 -0.28 -0.02 49.57 47.00 12/18/2026 No 11 73 None
NKE Nike Inc - Class B Options Chain 1.00 1.05 0.57 2.50 0.23 0.44 338 1650 -0.27 -0.02 39.12 35.00 12/18/2026 Yes 13 58 None
BHP BHP Group Ltd Options Chain 1.45 1.65 0.55 2.50 0.22 0.37 17 2 -0.24 -0.04 80.07 72.50 12/18/2026 Yes 8 59 None
IP International Paper Company Options Chain 0.85 1.05 0.55 2.50 0.22 0.41 1 1 -0.28 -0.02 36.64 32.50 12/18/2026 No 6 60 None
ALLY Ally Financial Inc Options Chain 0.60 0.80 0.22 1.00 0.22 0.33 25 0 -0.26 -0.02 38.61 36.00 12/18/2026 No 15 79 None
IVZ Invesco Ltd Options Chain 0.55 0.75 0.22 1.00 0.22 0.39 1 0 -0.26 -0.01 27.96 26.00 12/18/2026 No 7 57 None
BKR Baker Hughes Co - Class A Options Chain 1.05 1.35 0.65 3.00 0.22 0.36 1 1 -0.27 -0.03 53.05 50.00 12/18/2026 No 8 56 None
NVO Novo Nordisk Options Chain 0.97 1.00 0.53 2.50 0.21 0.40 128 1074 -0.26 -0.02 40.45 37.50 12/18/2026 Yes 14 59 None
XOM Exxon Mobil Corp Options Chain 2.96 3.10 1.05 5.00 0.21 0.32 91 227 -0.24 -0.06 179.67 165.00 12/18/2026 Yes 11 64 None
USB U.S. Bancorp. Options Chain 0.98 1.11 0.52 2.50 0.21 0.26 0 502 -0.29 -0.03 60.49 57.50 12/18/2026 No 14 74 None
NEE NextEra Energy Inc Options Chain 1.09 1.18 0.51 2.50 0.20 0.24 60 38 -0.27 -0.03 85.03 80.00 12/18/2026 No 7 65 None
C Citigroup Inc Options Chain 2.31 2.43 1.00 5.00 0.20 0.32 37 65 -0.27 -0.06 123.10 115.00 12/18/2026 No 17 79 None
EIX Edison International Options Chain 1.25 1.35 0.50 2.50 0.20 0.38 5 2 -0.25 -0.03 59.71 55.00 12/18/2026 Yes 10 62 None
KEY Keycorp Options Chain 0.30 0.40 0.20 1.00 0.20 0.27 14 0 -0.25 -0.01 21.49 20.00 12/18/2026 No 10 58 None
WFC Wells Fargo & Company Options Chain 1.29 1.41 0.49 2.50 0.20 0.29 244 84 -0.26 -0.03 85.89 80.00 12/18/2026 No 14 74 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.10 1.60 0.47 2.50 0.19 0.40 25 100 -0.23 -0.03 66.35 60.00 12/18/2026 Yes 9 55 None
OXY Occidental Petroleum Corp Options Chain 1.00 1.04 0.45 2.50 0.18 0.37 55 31 -0.21 -0.03 63.88 55.00 12/18/2026 Yes 10 62 None
APA APA Corporation Options Chain 0.99 1.09 0.44 2.50 0.18 0.49 2 2 -0.21 -0.03 49.10 42.50 12/18/2026 Yes 10 63 None
AA Alcoa Corp Options Chain 0.66 0.80 0.35 2.00 0.17 0.47 17 112 -0.19 -0.02 39.90 35.00 12/18/2026 No 17 47 None
WMT Walmart Inc Options Chain 1.75 1.83 0.86 5.00 0.17 0.33 3227 138 -0.21 -0.05 127.69 115.00 12/18/2026 Yes 8 55 None
T AT&T Inc Options Chain 0.32 0.35 0.17 1.00 0.17 0.30 41 35 -0.24 -0.01 21.45 20.00 12/18/2026 No 9 60 None
PCG PG&E Corp Options Chain 0.33 0.37 0.17 1.00 0.17 0.47 15030 5000 -0.26 -0.01 13.28 12.00 12/18/2026 No 11 63 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.95 1.05 0.80 5.00 0.16 0.33 28 27 -0.25 -0.02 48.82 45.00 12/18/2026 No 10 63 None
KO Coca-Cola Company Options Chain 0.91 0.92 0.40 2.50 0.16 0.21 159 374 -0.22 -0.02 95.83 90.00 12/18/2026 No 9 61 None
LVS Las Vegas Sands Corp Options Chain 0.70 0.77 0.40 2.50 0.16 0.40 6 3 -0.22 -0.02 38.19 35.00 12/18/2026 No 8 49 None
QSR Restaurant Brands International Inc Options Chain 0.85 0.95 0.40 2.50 0.16 0.26 14 3 -0.24 -0.03 74.64 70.00 12/18/2026 No 12 70 None
SRE Sempra Options Chain 1.10 1.40 0.77 5.00 0.15 0.26 3 0 -0.23 -0.03 85.17 80.00 12/18/2026 Yes 7 66 None
CFG Citizens Financial Group Inc Options Chain 0.70 0.85 0.38 2.50 0.15 0.29 7 3 -0.21 -0.03 64.93 60.00 12/18/2026 No 13 68 None