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
GFI Gold Fields Ltd Options Chain 1.75 1.85 0.35 1.00 0.35 0.57 12 16 -0.30 -0.04 42.04 40.00 11/21/2025 Yes 13 60 None
BWXT BWX Technologies Inc Options Chain 5.90 7.10 1.70 5.00 0.34 0.45 1 10 -0.30 -0.13 192.65 185.00 11/21/2025 Yes 10 57 None
STM ST Microelectronics Options Chain 1.00 1.15 0.33 1.00 0.33 0.50 1 5 -0.30 -0.02 28.65 27.00 11/21/2025 Yes 12 45 None
PAAS Pan American Silver Corp Options Chain 1.40 1.50 0.32 1.00 0.32 0.49 14 5 -0.29 -0.03 39.55 37.00 11/21/2025 Yes 17 59 None
UNH Unitedhealth Group Inc Options Chain 11.10 11.35 3.13 10.00 0.31 0.41 386 529 -0.30 -0.24 364.37 350.00 11/21/2025 Yes 12 66 None
FCX Freeport-McMoRan Inc Options Chain 1.33 1.38 0.31 1.00 0.31 0.45 315 220 -0.29 -0.03 41.06 40.00 11/21/2025 Yes 12 60 None
CAT Caterpillar Inc Options Chain 11.40 12.80 2.95 10.00 0.30 0.38 318 396 -0.28 -0.26 487.23 470.00 11/21/2025 Yes 10 69 None
DELL Dell Technologies Inc - Class C Options Chain 5.00 5.20 1.47 5.00 0.29 0.50 489 329 -0.26 -0.11 150.84 150.00 11/21/2025 No 15 59 None
SYY Sysco Corp Options Chain 1.00 1.25 0.73 2.50 0.29 0.25 59 43 -0.26 -0.03 79.94 75.00 11/21/2025 Yes 10 64 None
NEM Newmont Corp Options Chain 2.48 2.57 0.72 2.50 0.29 0.43 190 690 -0.28 -0.06 87.26 82.50 11/21/2025 Yes 17 69 None
NVO Novo Nordisk Options Chain 2.52 2.57 1.43 5.00 0.29 0.58 253 709 -0.30 -0.05 58.90 55.00 11/21/2025 Yes 15 73 None
HPE Hewlett Packard Enterprise Company Options Chain 0.80 0.83 0.28 1.00 0.28 0.49 72 18 -0.27 -0.02 25.07 24.00 11/21/2025 No 13 59 None
BKR Baker Hughes Co - Class A Options Chain 1.05 1.20 0.28 1.00 0.28 0.36 10 0 -0.29 -0.02 48.58 45.00 11/21/2025 Yes 14 65 None
AMAT Applied Materials Inc Options Chain 6.20 6.35 1.38 5.00 0.28 0.47 142 31 -0.27 -0.15 212.17 200.00 11/21/2025 Yes 16 69 None
TOL Toll Brothers Inc Options Chain 3.40 3.60 1.37 5.00 0.27 0.37 53 177 -0.30 -0.07 132.90 125.00 11/21/2025 No 12 68 None
CVS CVS Health Corp Options Chain 1.94 1.99 0.68 2.50 0.27 0.36 24 72 -0.30 -0.03 77.25 72.50 11/21/2025 Yes 11 64 None
HD Home Depot Inc Options Chain 7.15 7.45 1.35 5.00 0.27 0.27 46 49 -0.30 -0.17 386.80 370.00 11/21/2025 Yes 8 65 None
HPQ HP Inc Options Chain 0.38 0.50 0.27 1.00 0.27 0.34 7 4 -0.22 -0.01 26.66 25.00 11/21/2025 No 13 51 None
AVGO Broadcom Inc Options Chain 10.85 11.05 2.67 10.00 0.27 0.48 240 741 -0.28 -0.24 337.50 320.00 11/21/2025 No 9 67 None
LRCX Lam Research Corp Options Chain 4.30 4.45 1.33 5.00 0.27 0.51 22 18 -0.26 -0.10 140.85 130.00 11/21/2025 Yes 14 64 None
DAL Delta Air Lines Inc Options Chain 1.82 1.90 0.66 2.50 0.26 0.50 740 1752 -0.28 -0.04 56.66 52.50 11/21/2025 Yes 13 65 None
EBAY EBay Inc Options Chain 2.17 2.28 0.65 2.50 0.26 0.42 4 52 -0.26 -0.06 92.90 85.00 11/21/2025 Yes 11 64 None
CF CF Industries Holdings Inc Options Chain 2.20 2.35 0.65 2.50 0.26 0.38 1 2 -0.29 -0.05 91.97 85.00 11/21/2025 Yes 13 69 None
NEE NextEra Energy Inc Options Chain 1.62 1.73 0.64 2.50 0.26 0.30 262 1018 -0.29 -0.04 83.45 80.00 11/21/2025 Yes 7 62 None
ORCL Oracle Corp Options Chain 7.80 8.05 2.53 10.00 0.25 0.51 687 381 -0.24 -0.20 282.44 260.00 11/21/2025 No 8 62 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.30 8.45 2.50 10.00 0.25 0.46 878 1238 -0.27 -0.22 295.90 280.00 11/21/2025 Yes 22 74
Dividend Stock List
MSFT Microsoft Corporation Options Chain 8.90 9.05 1.25 5.00 0.25 0.28 205 73 -0.28 -0.23 523.42 500.00 11/21/2025 Yes 13 68 None
AES AES Corp Options Chain 0.30 0.40 0.25 1.00 0.25 0.50 12 6 -0.22 -0.01 14.46 13.00 11/21/2025 Yes 14 55 None
NTR Nutrien Ltd Options Chain 1.40 1.50 0.62 2.50 0.25 0.34 1 6 -0.30 -0.03 60.50 57.50 11/21/2025 Yes 13 63 None
AU AngloGold Ashanti Plc. Options Chain 2.40 2.60 1.22 5.00 0.24 0.55 24 36 -0.26 -0.06 74.97 70.00 11/21/2025 Yes 17 65 None
EQT EQT Corp Options Chain 1.31 1.38 0.61 2.50 0.24 0.39 1000 920 -0.27 -0.03 56.95 52.50 11/21/2025 Yes 8 68 None
JPM JPMorgan Chase & Company Options Chain 5.50 5.65 1.20 5.00 0.24 0.29 129 50 -0.27 -0.14 307.62 290.00 11/21/2025 Yes 11 78 None
MCHP Microchip Technology Inc Options Chain 1.85 2.00 0.60 2.50 0.24 0.53 26 2 -0.24 -0.05 65.25 60.00 11/21/2025 Yes 3 52 None
MOS Mosaic Company Options Chain 0.99 1.10 0.60 2.50 0.24 0.44 5 6 -0.29 -0.02 35.50 32.50 11/21/2025 Yes 16 66 None
QCOM Qualcomm Inc Options Chain 3.45 3.60 1.16 5.00 0.23 0.39 509 121 -0.24 -0.10 166.10 155.00 11/21/2025 Yes 15 64 None
HAL Halliburton Company Options Chain 0.54 0.57 0.23 1.00 0.23 0.42 249 145 -0.25 -0.01 23.86 22.00 11/21/2025 Yes 12 66 None
BAC Bank Of America Corp Options Chain 0.90 0.93 0.23 1.00 0.23 0.31 94 19597 -0.26 -0.02 50.20 47.00 11/21/2025 Yes 12 74 None
ADM Archer Daniels Midland Company Options Chain 1.15 1.25 0.57 2.50 0.23 0.36 9 19 -0.25 -0.03 62.51 57.50 11/21/2025 Yes 10 59 None
GIS General Mills Inc Options Chain 0.90 1.00 0.57 2.50 0.23 0.26 216 53 -0.30 -0.01 51.04 47.50 11/21/2025 No 13 64 None
ALB Albemarle Corp Options Chain 2.76 2.95 1.13 5.00 0.23 0.62 31 18 -0.23 -0.08 90.61 80.00 11/21/2025 Yes 8 53 None
V Visa Inc - Class A Options Chain 5.50 5.70 1.12 5.00 0.22 0.26 46 36 -0.27 -0.14 352.03 335.00 11/21/2025 Yes 9 69 None
COP Conoco Phillips Options Chain 1.73 1.80 0.56 2.50 0.22 0.33 4 129 -0.26 -0.04 95.00 87.50 11/21/2025 Yes 11 76 None
APH Amphenol Corp - Class A Options Chain 2.90 3.10 1.10 5.00 0.22 0.44 47 17 -0.24 -0.08 124.54 115.00 11/21/2025 Yes 11 59 None
C Citigroup Inc Options Chain 1.78 1.83 0.55 2.50 0.22 0.34 57 965 -0.25 -0.04 97.70 90.00 11/21/2025 Yes 16 81 None
GM General Motors Company Options Chain 1.27 1.32 0.55 2.50 0.22 0.39 34 223 -0.26 -0.03 57.20 52.50 11/21/2025 Yes 11 67 None
EIX Edison International Options Chain 1.10 1.20 0.55 2.50 0.22 0.37 67 93 -0.26 -0.03 53.90 50.00 11/21/2025 Yes 12 66 None
WFC Wells Fargo & Company Options Chain 1.54 1.60 0.55 2.50 0.22 0.32 295 17 -0.27 -0.03 81.16 75.00 11/21/2025 Yes 12 74 None
RIO Rio Tinto plc Options Chain 1.10 1.20 0.55 2.50 0.22 0.26 39 16 -0.29 -0.03 66.50 65.00 11/21/2025 Yes 14 74 None
KDP Keurig Dr Pepper Inc Options Chain 0.50 0.60 0.22 1.00 0.22 0.35 101 61 -0.27 -0.01 25.33 24.00 11/21/2025 Yes 10 61 None
JEF Jefferies Financial Group Inc Options Chain 1.35 1.80 0.53 2.50 0.21 0.49 2773 45 -0.25 -0.04 59.10 50.00 11/21/2025 No 13 64 None
NKE Nike Inc - Class B Options Chain 1.21 1.25 0.53 2.50 0.21 0.32 891 100 -0.26 -0.04 69.05 65.00 11/21/2025 No 8 54 None
VZ Verizon Communications Inc Options Chain 0.54 0.58 0.21 1.00 0.21 0.23 325 419 -0.21 -0.01 41.49 39.00 11/21/2025 Yes 14 65 None
SCHW Charles Schwab Corp Options Chain 1.58 1.66 0.52 2.50 0.21 0.33 2 22 -0.24 -0.04 94.10 87.50 11/21/2025 Yes 13 68 None
GILD Gilead Sciences Inc Options Chain 2.32 2.46 1.03 5.00 0.21 0.37 582 228 -0.25 -0.06 116.75 110.00 11/21/2025 Yes 11 72 None
EL Estee Lauder Cos. Inc - Class A Options Chain 2.37 2.53 1.02 5.00 0.20 0.53 64 64 -0.22 -0.07 92.75 85.00 11/21/2025 Yes 5 48 None
WMT Walmart Inc Options Chain 1.58 1.64 0.51 2.50 0.20 0.28 109 198 -0.26 -0.05 103.14 97.50 11/21/2025 Yes 9 59 None
OXY Occidental Petroleum Corp Options Chain 0.89 0.92 0.51 2.50 0.20 0.33 573 60 -0.28 -0.02 45.27 42.50 11/21/2025 Yes 7 62 None
CTVA Corteva Inc Options Chain 1.45 1.65 1.00 5.00 0.20 0.35 45 62 -0.29 -0.03 65.64 60.00 11/21/2025 Yes 14 65 None
HBAN Huntington Bancshares Inc Options Chain 0.20 0.40 0.20 1.00 0.20 0.34 36 0 -0.21 -0.01 16.78 15.00 11/21/2025 Yes 12 66 None
EXC Exelon Corp Options Chain 0.50 0.60 0.20 1.00 0.20 0.25 20 17 -0.24 -0.01 46.80 44.00 11/21/2025 Yes 11 68 None
FITB Fifth Third Bancorp Options Chain 0.70 0.80 0.20 1.00 0.20 0.31 5 2 -0.25 -0.02 43.75 41.00 11/21/2025 Yes 12 72 None
IVZ Invesco Ltd Options Chain 0.50 0.60 0.20 1.00 0.20 0.41 13 14 -0.26 -0.01 24.14 22.00 11/21/2025 Yes 14 63 None
CNP Centerpoint Energy Inc Options Chain 0.55 0.65 0.20 1.00 0.20 0.23 17 1 -0.29 -0.01 39.43 38.00 11/21/2025 Yes 7 62 None
MS Morgan Stanley Options Chain 2.70 2.78 0.98 5.00 0.20 0.33 107 66 -0.25 -0.06 155.96 145.00 11/21/2025 Yes 14 74 None
TGT Target Corp Options Chain 2.01 2.13 0.96 5.00 0.19 0.48 256 232 -0.22 -0.04 89.28 80.00 11/21/2025 Yes 13 66 None
MO Altria Group Inc Options Chain 0.92 0.98 0.48 2.50 0.19 0.25 60 9 -0.26 -0.03 66.65 62.50 11/21/2025 Yes 11 66 None
DVN Devon Energy Corp Options Chain 0.78 0.82 0.48 2.50 0.19 0.39 135 90 -0.26 -0.02 34.97 32.50 11/21/2025 Yes 10 64 None
LEN Lennar Corp - Class A Options Chain 2.25 2.35 0.95 5.00 0.19 0.39 19 14 -0.24 -0.06 122.37 110.00 11/21/2025 No 13 70 None
CVX Chevron Corp Options Chain 2.02 2.10 0.94 5.00 0.19 0.26 61 55 -0.24 -0.05 154.90 145.00 11/21/2025 Yes 11 74 None
AZN Astrazeneca plc Options Chain 1.15 1.24 0.45 2.50 0.18 0.29 6 0 -0.23 -0.04 85.96 80.00 11/21/2025 Yes 10 67 None
FHN First Horizon Corporation Options Chain 0.35 0.50 0.18 1.00 0.18 0.40 4 10 -0.22 -0.01 22.98 21.00 11/21/2025 Yes 16 68 None
KEY Keycorp Options Chain 0.31 0.38 0.18 1.00 0.18 0.33 5 0 -0.27 -0.01 18.41 17.00 11/21/2025 Yes 7 50 None
DUK Duke Energy Corp Options Chain 1.25 1.35 0.82 5.00 0.16 0.19 147 11 -0.26 -0.03 125.76 120.00 11/21/2025 Yes 11 74 None
MDT Medtronic Plc Options Chain 1.02 1.13 0.41 2.50 0.16 0.24 14 8 -0.23 -0.04 98.50 92.50 11/21/2025 Yes 14 68 None
MRK Merck & Co Inc Options Chain 1.26 1.31 0.80 5.00 0.16 0.33 88 32 -0.23 -0.04 87.69 80.00 11/21/2025 Yes 14 73 None
CSCO Cisco Systems Inc Options Chain 0.98 1.04 0.40 2.50 0.16 0.33 3369 103 -0.22 -0.03 68.83 65.00 11/21/2025 Yes 11 66 None
BHP BHP Group Ltd Options Chain 0.75 0.85 0.40 2.50 0.16 0.29 44 103 -0.24 -0.03 55.20 52.50 11/21/2025 Yes 13 62 None
EPD Enterprise Products Partners L P Options Chain 0.23 0.30 0.16 1.00 0.16 0.17 17 1 -0.18 0.00 31.60 30.00 11/21/2025 Yes 13 68 None
T AT&T Inc Options Chain 0.30 0.33 0.15 1.00 0.15 0.30 18 52 -0.19 -0.01 26.12 24.00 11/21/2025 Yes 11 66 None
BCS Barclays plc Options Chain 0.35 0.40 0.15 1.00 0.15 0.36 5 2 -0.25 -0.01 20.63 19.00 11/21/2025 Yes 19 55 None