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
AU AngloGold Ashanti Plc. Options Chain 1.65 2.00 0.40 1.00 0.40 0.49 0 1 -0.30 -0.03 49.51 46.00 9/19/2025 Yes 17 64 None
LLY Lilly(Eli) & Company Options Chain 26.05 26.55 3.30 10.00 0.33 0.43 24 21 -0.30 -0.46 808.11 720.00 9/19/2025 Yes 11 65 None
DELL Dell Technologies Inc - Class C Options Chain 4.70 4.90 1.52 5.00 0.30 0.45 109 586 -0.30 -0.09 133.86 125.00 9/19/2025 Yes 14 63 None
TPR Tapestry Inc Options Chain 3.30 3.60 1.42 5.00 0.28 0.43 3 2 -0.29 -0.06 110.42 100.00 9/19/2025 Yes 9 63 None
OVV Ovintiv Inc Options Chain 0.95 1.10 0.28 1.00 0.28 0.34 2 0 -0.27 -0.02 42.91 40.00 9/19/2025 No 9 74 None
MCHP Microchip Technology Inc Options Chain 2.40 2.50 0.70 2.50 0.28 0.46 2 1 -0.29 -0.04 70.53 65.00 9/19/2025 Yes 3 50 None
MSFT Microsoft Corporation Options Chain 9.15 9.30 1.35 5.00 0.27 0.23 31 188 -0.29 -0.18 512.50 495.00 9/19/2025 Yes 14 68 None
ORCL Oracle Corp Options Chain 8.10 8.30 2.67 10.00 0.27 0.45 72 104 -0.28 -0.15 247.71 230.00 9/19/2025 Yes 9 61 None
NEM Newmont Corp Options Chain 1.44 1.47 0.66 2.50 0.26 0.32 99 829 -0.29 -0.03 63.66 60.00 9/19/2025 No 16 72 None
UNH Unitedhealth Group Inc Options Chain 6.40 6.55 2.60 10.00 0.26 0.37 1432 1155 -0.29 -0.13 282.12 250.00 9/19/2025 Yes 14 69 None
HPQ HP Inc Options Chain 0.72 0.75 0.26 1.00 0.26 0.38 43 11 -0.29 -0.01 25.85 24.00 9/19/2025 Yes 11 52 None
LRCX Lam Research Corp Options Chain 2.57 2.63 0.51 2.00 0.26 0.38 31 19 -0.27 -0.05 98.62 92.00 9/19/2025 Yes 11 63 None
FCX Freeport-McMoRan Inc Options Chain 0.95 0.98 0.25 1.00 0.25 0.36 327 3 -0.25 -0.02 43.79 40.00 9/19/2025 No 11 60 None
GM General Motors Company Options Chain 1.01 1.04 0.25 1.00 0.25 0.29 83 168 -0.27 -0.02 53.45 50.00 9/19/2025 No 12 67 None
PAAS Pan American Silver Corp Options Chain 0.70 0.80 0.25 1.00 0.25 0.40 10 11 -0.27 -0.01 28.51 26.00 9/19/2025 Yes 15 56 None
CVE Cenovus Energy Inc Options Chain 0.35 0.45 0.25 1.00 0.25 0.38 0 14 -0.29 -0.01 15.02 14.00 9/19/2025 Yes 14 71 None
BP BP plc Options Chain 0.63 0.67 0.25 1.00 0.25 0.25 5 31 -0.30 -0.01 32.67 31.00 9/19/2025 Yes 8 55 None
STM ST Microelectronics Options Chain 0.75 0.85 0.25 1.00 0.25 0.39 0 2 -0.30 -0.01 26.69 25.00 9/19/2025 No 13 44 None
SU Suncor Energy Inc Options Chain 0.70 0.80 0.25 1.00 0.25 0.25 7 1 -0.30 -0.01 39.96 38.00 9/19/2025 No 15 75 None
TGT Target Corp Options Chain 2.87 2.95 1.21 5.00 0.24 0.43 40 78 -0.27 -0.05 106.43 95.00 9/19/2025 Yes 14 66 None
JCI Johnson Controls International plc Options Chain 1.80 1.95 0.60 2.50 0.24 0.24 93 2 -0.29 -0.04 111.52 100.00 9/19/2025 Yes 9 63 None
INTC Intel Corp Options Chain 0.50 0.52 0.23 1.00 0.23 0.38 2131 265 -0.25 -0.01 20.68 19.00 9/19/2025 No 6 46 None
AMAT Applied Materials Inc Options Chain 4.15 4.25 1.15 5.00 0.23 0.37 32 12 -0.26 -0.09 190.27 175.00 9/19/2025 Yes 16 70 None
V Visa Inc - Class A Options Chain 5.50 5.70 1.15 5.00 0.23 0.23 37 36 -0.29 -0.13 355.47 340.00 9/19/2025 Yes 11 68 None
EQT EQT Corp Options Chain 1.34 1.39 0.69 3.00 0.23 0.36 44 5 -0.29 -0.03 51.91 50.00 9/19/2025 No 9 69 None
CF CF Industries Holdings Inc Options Chain 1.75 1.95 0.57 2.50 0.23 0.31 2 2 -0.27 -0.04 92.53 87.50 9/19/2025 Yes 13 64 None
SCHW Charles Schwab Corp Options Chain 1.60 1.63 0.57 2.50 0.23 0.22 127 83 -0.30 -0.03 97.91 95.00 9/19/2025 No 14 67 None
AVGO Broadcom Inc Options Chain 7.45 7.60 2.20 10.00 0.22 0.44 295 329 -0.24 -0.17 294.30 270.00 9/19/2025 Yes 8 66 None
PM Philip Morris International Inc Options Chain 2.65 2.80 1.10 5.00 0.22 0.24 29 19 -0.30 -0.06 157.77 155.00 9/19/2025 No 10 69 None
EIX Edison International Options Chain 1.25 1.40 0.55 2.50 0.22 0.43 7 4 -0.24 -0.03 52.27 47.50 9/19/2025 No 12 68 None
C Citigroup Inc Options Chain 1.67 1.70 0.55 2.50 0.22 0.26 64 18 -0.28 -0.03 95.55 90.00 9/19/2025 No 18 83 None
QCOM Qualcomm Inc Options Chain 3.35 3.45 1.08 5.00 0.22 0.36 175 141 -0.25 -0.07 161.05 150.00 9/19/2025 Yes 13 64 None
APH Amphenol Corp - Class A Options Chain 2.10 2.25 1.08 5.00 0.22 0.30 10 48 -0.28 -0.05 106.70 100.00 9/19/2025 No 12 59 None
TER Teradyne Inc Options Chain 2.35 2.55 1.07 5.00 0.21 0.49 4 5 -0.23 -0.06 91.14 80.00 9/19/2025 Yes 18 58 None
AEM Agnico Eagle Mines Ltd Options Chain 2.25 2.45 1.05 5.00 0.21 0.35 50 2 -0.23 -0.05 123.74 115.00 9/19/2025 Yes 15 71 None
HPE Hewlett Packard Enterprise Company Options Chain 0.46 0.49 0.21 1.00 0.21 0.39 14 1 -0.25 -0.01 20.88 19.00 9/19/2025 Yes 15 63 None
HAL Halliburton Company Options Chain 0.49 0.53 0.21 1.00 0.21 0.37 3 4 -0.26 -0.01 22.84 21.00 9/19/2025 No 12 64 None
CG Carlyle Group Inc (The) Options Chain 1.35 1.55 0.52 2.50 0.21 0.38 1 0 -0.23 -0.02 62.95 57.50 9/19/2025 No 12 66 None
COP Conoco Phillips Options Chain 1.59 1.72 0.52 2.50 0.21 0.30 4 4 -0.24 -0.03 97.02 90.00 9/19/2025 Yes 12 76 None
ZBH Zimmer Biomet Holdings Inc Options Chain 1.70 2.15 1.03 5.00 0.21 0.30 5 4 -0.26 -0.05 95.98 90.00 9/19/2025 Yes 13 61 None
ZTS Zoetis Inc - Class A Options Chain 2.65 2.75 1.00 5.00 0.20 0.32 11 3 -0.24 -0.07 150.75 140.00 9/19/2025 Yes 12 59 None
PR Permian Resources Corp - Class A Options Chain 0.30 0.40 0.20 1.00 0.20 0.41 46 2 -0.26 -0.01 14.33 13.00 9/19/2025 Yes 15 69 None
BAC Bank Of America Corp Options Chain 0.71 0.73 0.20 1.00 0.20 0.23 107 150 -0.28 -0.01 48.23 46.00 9/19/2025 No 13 73 None
ACI Albertsons Companies Inc - Class A Options Chain 0.30 0.40 0.20 1.00 0.20 0.24 2 1 -0.30 -0.01 19.69 19.00 9/19/2025 No 11 53 None
EBAY EBay Inc Options Chain 1.30 1.38 0.49 2.50 0.20 0.32 0 4 -0.24 -0.03 79.00 72.50 9/19/2025 Yes 11 65 None
MCD McDonald`s Corp Options Chain 3.50 3.70 0.96 5.00 0.19 0.22 9 17 -0.24 -0.08 299.22 285.00 9/19/2025 Yes 8 66 None
JPM JPMorgan Chase & Company Options Chain 3.85 3.95 0.94 5.00 0.19 0.21 28 29 -0.25 -0.10 298.28 285.00 9/19/2025 No 12 79 None
CVS CVS Health Corp Options Chain 1.12 1.15 0.47 2.50 0.19 0.37 30 18 -0.22 -0.03 59.64 55.00 9/19/2025 Yes 16 73 None
CSCO Cisco Systems Inc Options Chain 1.08 1.10 0.47 2.50 0.19 0.26 99 23 -0.26 -0.03 67.92 65.00 9/19/2025 Yes 10 67 None
DHI D.R. Horton Inc Options Chain 2.30 2.45 0.93 5.00 0.19 0.32 3 12 -0.23 -0.06 146.20 135.00 9/19/2025 No 12 71 None
AON Aon plc. - Class A Options Chain 4.00 5.00 1.85 10.00 0.18 0.21 6 1 -0.26 -0.11 369.16 340.00 9/19/2025 No 10 66 None
NEE NextEra Energy Inc Options Chain 1.06 1.12 0.46 2.50 0.18 0.26 31 29 -0.26 -0.02 71.34 67.50 9/19/2025 No 9 65 None
SBUX Starbucks Corp Options Chain 1.80 1.84 0.90 5.00 0.18 0.36 246 1631 -0.24 -0.04 93.67 85.00 9/19/2025 Yes 10 55 None
SYF Synchrony Financial Options Chain 1.15 1.25 0.45 2.50 0.18 0.29 2 2 -0.25 -0.03 72.87 67.50 9/19/2025 No 16 72 None
EPD Enterprise Products Partners L P Options Chain 0.32 0.38 0.18 1.00 0.18 0.17 69 60 -0.16 0.00 31.15 30.00 9/19/2025 Yes 12 67 None
RTX RTX Corp Options Chain 1.90 1.97 0.89 5.00 0.18 0.21 56 11 -0.26 -0.04 156.07 150.00 9/19/2025 No 13 67 None
NKE Nike Inc - Class B Options Chain 1.14 1.18 0.44 2.50 0.18 0.29 58 28 -0.22 -0.03 79.24 72.50 9/19/2025 No 9 54 None
WMT Walmart Inc Options Chain 1.34 1.38 0.44 2.50 0.18 0.26 83 111 -0.24 -0.03 97.61 92.50 9/19/2025 Yes 11 56 None
VZ Verizon Communications Inc Options Chain 0.39 0.41 0.17 1.00 0.17 0.18 46 43 -0.24 -0.01 42.36 41.00 9/19/2025 No 13 72 None
BKR Baker Hughes Co - Class A Options Chain 0.65 0.75 0.17 1.00 0.17 0.26 2 1 -0.27 -0.02 46.55 43.00 9/19/2025 No 14 67 None
TJX TJX Companies Inc Options Chain 1.77 1.80 0.85 5.00 0.17 0.24 24 1 -0.25 -0.04 125.39 120.00 9/19/2025 Yes 11 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 4.00 4.10 1.69 10.00 0.17 0.34 60 96 -0.22 -0.11 242.75 220.00 9/19/2025 No 23 75
Dividend Stock List
BXP Boston Properties Inc Options Chain 1.10 1.30 0.42 2.50 0.17 0.31 0 1 -0.25 -0.03 69.60 65.00 9/19/2025 Yes 6 59 None
KR Kroger Company Options Chain 0.86 0.94 0.41 2.50 0.16 0.27 4 3 -0.23 -0.02 69.32 65.00 9/19/2025 Yes 12 63 None
AZN Astrazeneca plc Options Chain 0.89 0.99 0.41 2.50 0.16 0.24 62 3 -0.25 -0.02 71.83 70.00 9/19/2025 Yes 13 68 None
TFC Truist Financial Corporation Options Chain 0.65 0.74 0.41 2.50 0.16 0.23 4 4 -0.26 -0.01 45.09 42.50 9/19/2025 No 18 72 None
MET Metlife Inc Options Chain 1.10 1.25 0.40 2.50 0.16 0.28 0 1 -0.24 -0.02 77.66 72.50 9/19/2025 Yes 20 73 None
CARR Carrier Global Corp Options Chain 1.00 1.10 0.40 2.50 0.16 0.26 72 91 -0.25 -0.03 80.18 67.50 9/19/2025 Yes 10 58 None
XOM Exxon Mobil Corp Options Chain 1.37 1.41 0.79 5.00 0.16 0.23 48 26 -0.22 -0.02 111.44 105.00 9/19/2025 Yes 12 76 None
WFC Wells Fargo & Company Options Chain 1.06 1.08 0.39 2.50 0.16 0.25 112 43 -0.24 -0.02 84.32 77.50 9/19/2025 No 12 74 None
SLB SLB Options Chain 0.61 0.64 0.38 2.50 0.15 0.32 35 23 -0.22 -0.01 36.00 32.50 9/19/2025 No 11 69 None
HIG Hartford Financial Services Group Inc Options Chain 1.40 1.60 0.75 5.00 0.15 0.21 1 1 -0.25 -0.04 121.24 120.00 9/19/2025 No 16 71 None
KEY Keycorp Options Chain 0.24 0.27 0.15 1.00 0.15 0.28 16 4 -0.22 0.00 18.44 17.00 9/19/2025 No 4 50 None
FHN First Horizon Corporation Options Chain 0.35 0.45 0.15 1.00 0.15 0.29 1 0 -0.29 -0.01 22.52 21.00 9/19/2025 No 15 67 None