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.

Download as spreadsheet Download

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 0.55 0.66 0.39 1.00 0.39 0.38 48 21 -0.23 -0.01 26.58 25.00 10/17/2025 Yes 11 52 None
LLY Lilly(Eli) & Company Options Chain 16.20 17.20 3.02 10.00 0.30 0.29 35 25 -0.29 -0.32 709.50 680.00 10/17/2025 No 13 65 None
MCHP Microchip Technology Inc Options Chain 2.30 2.45 0.73 2.50 0.29 0.41 28 23 -0.30 -0.04 66.32 65.00 10/17/2025 No 4 52 None
FCX Freeport-McMoRan Inc Options Chain 1.17 1.20 0.29 1.00 0.29 0.34 165 2086 -0.30 -0.02 41.72 41.00 10/17/2025 No 11 60 None
COST Costco Wholesale Corp Options Chain 17.25 17.70 1.40 5.00 0.28 0.24 32 23 -0.29 -0.35 969.68 920.00 10/17/2025 Yes 15 61 None
AEM Agnico Eagle Mines Ltd Options Chain 3.50 3.70 1.40 5.00 0.28 0.33 17 63 -0.30 -0.06 136.38 130.00 10/17/2025 No 15 72 None
NKE Nike Inc - Class B Options Chain 2.09 2.29 0.70 2.50 0.28 0.38 25 152 -0.27 -0.04 76.15 72.50 10/17/2025 Yes 10 54 None
AU AngloGold Ashanti Plc. Options Chain 1.35 1.65 0.27 1.00 0.27 0.42 103 11 -0.26 -0.03 54.91 50.00 10/17/2025 No 18 68 None
AVGO Broadcom Inc Options Chain 10.30 10.45 2.65 10.00 0.27 0.47 192 163 -0.28 -0.18 290.88 270.00 10/17/2025 Yes 8 66 None
DHI D.R. Horton Inc Options Chain 3.70 4.00 1.32 5.00 0.26 0.33 532 15 -0.26 -0.08 161.87 160.00 10/17/2025 No 12 70 None
EBAY EBay Inc Options Chain 1.77 1.99 0.66 2.50 0.26 0.25 164 12 -0.30 -0.03 98.86 95.00 10/17/2025 No 10 63 None
TSM Taiwan Semiconductor Manufacturing Options Chain 6.95 7.15 2.62 10.00 0.26 0.36 170 62 -0.30 -0.11 227.33 220.00 10/17/2025 Yes 24 77
Dividend Stock List
COP Conoco Phillips Options Chain 1.99 2.07 0.64 2.50 0.26 0.27 32 22 -0.29 -0.04 94.78 92.50 10/17/2025 No 10 76 None
EQNR Equinor ASA Options Chain 0.45 0.55 0.25 1.00 0.25 0.27 74 30 -0.29 -0.01 24.97 24.00 10/17/2025 No 11 62 None
CF CF Industries Holdings Inc Options Chain 1.85 2.00 0.60 2.50 0.24 0.29 3 0 -0.29 -0.04 86.36 82.50 10/17/2025 No 13 66 None
KGC Kinross Gold Corp Options Chain 0.49 0.53 0.24 1.00 0.24 0.40 2 5 -0.25 -0.01 19.49 18.00 10/17/2025 No 16 48 None
QCOM Qualcomm Inc Options Chain 3.35 3.50 1.18 5.00 0.24 0.28 1103 162 -0.30 -0.06 154.13 150.00 10/17/2025 No 13 65 None
BAC Bank Of America Corp Options Chain 0.96 0.99 0.23 1.00 0.23 0.27 1757 271 -0.29 -0.02 48.40 47.00 10/17/2025 Yes 13 73 None
UNH Unitedhealth Group Inc Options Chain 7.65 7.85 2.30 10.00 0.23 0.40 295 336 -0.25 -0.13 303.35 280.00 10/17/2025 Yes 13 69 None
WPM Wheaton Precious Metals Corp Options Chain 2.20 2.35 1.15 5.00 0.23 0.33 6 38 -0.28 -0.04 94.35 90.00 10/17/2025 No 13 62 None
MSFT Microsoft Corporation Options Chain 7.55 7.70 1.15 5.00 0.23 0.20 539 327 -0.28 -0.16 504.55 490.00 10/17/2025 No 13 68 None
CARR Carrier Global Corp Options Chain 1.25 1.45 0.57 2.50 0.23 0.26 5 180 -0.30 -0.03 65.01 65.00 10/17/2025 No 11 60 None
GIS General Mills Inc Options Chain 1.10 1.20 0.57 2.50 0.23 0.30 47 55 -0.30 -0.02 49.81 47.50 10/17/2025 Yes 11 62 None
ORCL Oracle Corp Options Chain 6.90 7.10 2.27 10.00 0.23 0.50 108 108 -0.23 -0.14 233.16 210.00 10/17/2025 Yes 8 62 None
C Citigroup Inc Options Chain 2.00 2.04 0.56 2.50 0.22 0.30 266 2117 -0.28 -0.04 92.79 90.00 10/17/2025 Yes 18 83 None
MO Altria Group Inc Options Chain 1.11 1.17 0.56 2.50 0.22 0.19 458 74 -0.30 -0.01 67.75 65.00 10/17/2025 No 11 66 None
HD Home Depot Inc Options Chain 5.30 5.55 1.10 5.00 0.22 0.20 33 85 -0.27 -0.10 397.70 395.00 10/17/2025 No 9 66 None
WFC Wells Fargo & Company Options Chain 1.59 1.66 0.55 2.50 0.22 0.29 159 141 -0.27 -0.03 77.83 75.00 10/17/2025 Yes 14 74 None
TOL Toll Brothers Inc Options Chain 2.65 2.80 1.08 5.00 0.22 0.31 7 28 -0.25 -0.06 131.58 130.00 10/17/2025 No 11 69 None
MMM 3M Company Options Chain 2.58 2.76 1.06 5.00 0.21 0.26 56 50 -0.26 -0.05 154.20 150.00 10/17/2025 No 12 66 None
KR Kroger Company Options Chain 1.02 1.12 0.53 2.50 0.21 0.27 125 10 -0.23 -0.03 71.39 65.00 10/17/2025 Yes 13 62 None
NEM Newmont Corp Options Chain 1.18 1.22 0.53 2.50 0.21 0.32 136 52 -0.23 -0.03 70.01 65.00 10/17/2025 No 17 69 None
WMT Walmart Inc Options Chain 1.25 1.30 0.53 2.50 0.21 0.21 631 2216 -0.25 -0.03 97.96 92.50 10/17/2025 No 9 56 None
GPN Global Payments Inc Options Chain 1.90 2.30 1.05 5.00 0.21 0.31 1 1 -0.29 -0.04 85.72 85.00 10/17/2025 No 14 70 None
CVS CVS Health Corp Options Chain 1.19 1.23 0.51 2.50 0.20 0.26 30 47 -0.27 -0.03 71.43 67.50 10/17/2025 No 12 65 None
CAT Caterpillar Inc Options Chain 6.30 6.65 2.00 10.00 0.20 0.26 409 189 -0.23 -0.16 417.89 410.00 10/17/2025 No 11 65 None
JPM JPMorgan Chase & Company Options Chain 5.05 5.20 1.00 5.00 0.20 0.26 205 158 -0.27 -0.10 291.75 280.00 10/17/2025 Yes 12 79 None
BHP BHP Group Ltd Options Chain 1.00 1.10 0.50 2.50 0.20 0.25 105 3 -0.25 -0.01 54.66 52.50 10/17/2025 No 12 25 None
ADM Archer Daniels Midland Company Options Chain 0.85 1.00 0.50 2.50 0.20 0.23 43 41 -0.26 -0.02 60.90 60.00 10/17/2025 No 12 52 None
GM General Motors Company Options Chain 1.02 1.08 0.50 2.50 0.20 0.28 7 46 -0.26 -0.02 56.51 55.00 10/17/2025 No 11 67 None
INFY Infosys Ltd Options Chain 0.25 0.35 0.20 1.00 0.20 0.31 65 7 -0.23 -0.01 17.05 16.00 10/17/2025 Yes 15 54 None
MS Morgan Stanley Options Chain 2.77 2.84 0.99 5.00 0.20 0.28 31 93 -0.27 -0.06 144.05 140.00 10/17/2025 Yes 14 76 None
SCHW Charles Schwab Corp Options Chain 1.57 1.63 0.48 2.50 0.19 0.28 21 13 -0.25 -0.04 95.82 90.00 10/17/2025 Yes 15 67 None
RIO Rio Tinto plc Options Chain 0.90 1.05 0.48 2.50 0.19 0.23 57 71 -0.26 -0.02 61.30 60.00 10/17/2025 Yes 15 74 None
AMAT Applied Materials Inc Options Chain 2.80 2.87 0.94 5.00 0.19 0.32 89 320 -0.23 -0.07 160.00 150.00 10/17/2025 No 15 68 None
CMCSA Comcast Corp - Class A Options Chain 0.59 0.66 0.45 2.50 0.18 0.25 959 3025 -0.29 -0.01 33.60 32.50 10/17/2025 No 15 64 None
HPE Hewlett Packard Enterprise Company Options Chain 0.48 0.54 0.18 1.00 0.18 0.43 107 0 -0.22 -0.01 21.82 20.00 10/17/2025 Yes 15 60 None
BCS Barclays plc Options Chain 0.30 0.45 0.18 1.00 0.18 0.32 12 0 -0.23 -0.01 20.27 19.00 10/17/2025 No 18 55 None
RF Regions Financial Corp Options Chain 0.40 0.55 0.18 1.00 0.18 0.28 1 32 -0.26 -0.01 25.74 25.00 10/17/2025 Yes 12 69 None
RTX RTX Corp Options Chain 1.88 2.00 0.89 5.00 0.18 0.20 56 46 -0.26 -0.05 156.32 150.00 10/17/2025 No 13 67 None
PM Philip Morris International Inc Options Chain 2.30 2.50 0.87 5.00 0.17 0.26 97 83 -0.23 -0.05 174.49 160.00 10/17/2025 No 9 69 None
EIX Edison International Options Chain 0.95 1.30 0.43 2.50 0.17 0.38 71 11 -0.23 -0.02 53.81 50.00 10/17/2025 No 12 66 None
NDAQ Nasdaq Inc - 144A Options Chain 1.05 1.20 0.43 2.50 0.17 0.21 1 57 -0.23 -0.03 94.25 90.00 10/17/2025 Yes 10 64 None
DVN Devon Energy Corp Options Chain 0.72 0.75 0.43 2.50 0.17 0.33 31 94 -0.25 -0.01 33.89 32.50 10/17/2025 No 10 64 None
NEE NextEra Energy Inc Options Chain 1.02 1.25 0.43 2.50 0.17 0.23 37 52 -0.29 -0.02 76.11 72.50 10/17/2025 No 9 62 None
HAL Halliburton Company Options Chain 0.41 0.45 0.17 1.00 0.17 0.38 52 7 -0.21 -0.01 21.28 20.00 10/17/2025 No 12 57 None
GFI Gold Fields Ltd Options Chain 0.00 1.20 0.17 1.00 0.17 0.52 100 17 -0.25 -0.01 30.26 28.00 10/17/2025 Yes 13 59 None
VTRS Viatris Inc Options Chain 0.20 0.30 0.17 1.00 0.17 0.33 13 12 -0.27 0.00 10.69 10.00 10/17/2025 No 8 50 None
KO Coca-Cola Company Options Chain 0.80 0.83 0.42 2.50 0.17 0.17 179 38 -0.27 -0.01 70.61 67.50 10/17/2025 No 11 70 None
DGX Quest Diagnostics Inc Options Chain 1.35 2.20 0.83 5.00 0.17 0.20 4 1 -0.20 -0.04 183.72 170.00 10/17/2025 No 13 70 None
EQT EQT Corp Options Chain 0.82 0.87 0.41 2.50 0.16 0.34 5 43 -0.20 -0.02 52.05 47.50 10/17/2025 No 9 69 None
MOS Mosaic Company Options Chain 0.60 0.67 0.41 2.50 0.16 0.33 22 2 -0.24 -0.01 32.61 30.00 10/17/2025 No 16 70 None
SLB SLB Options Chain 0.64 0.68 0.40 2.50 0.16 0.34 155 70 -0.24 -0.01 33.81 32.50 10/17/2025 Yes 11 69 None
OXY Occidental Petroleum Corp Options Chain 0.78 0.82 0.40 2.50 0.16 0.30 1338 1135 -0.25 -0.02 44.56 42.50 10/17/2025 No 8 62 None
VZ Verizon Communications Inc Options Chain 0.44 0.47 0.16 1.00 0.16 0.20 188 111 -0.23 -0.01 45.03 42.00 10/17/2025 No 14 72 None
LRCX Lam Research Corp Options Chain 1.74 1.89 0.79 5.00 0.16 0.37 73 39 -0.21 -0.04 98.55 90.00 10/17/2025 No 13 64 None
CVX Chevron Corp Options Chain 1.62 1.73 0.78 5.00 0.16 0.21 521 300 -0.23 -0.05 155.55 150.00 10/17/2025 No 11 73 None
SHEL Shell Plc ADR (Representing - ) Options Chain 0.70 0.85 0.38 2.50 0.15 0.19 13 2 -0.22 -0.02 72.49 70.00 10/17/2025 No 14 70 None
BKR Baker Hughes Co - Class A Options Chain 0.60 0.70 0.15 1.00 0.15 0.26 4 25 -0.24 -0.02 43.52 42.00 10/17/2025 No 13 66 None
EXC Exelon Corp Options Chain 0.40 0.55 0.15 1.00 0.15 0.19 31 0 -0.24 -0.01 44.64 43.00 10/17/2025 No 11 68 None
PPL PPL Corp Options Chain 0.35 0.45 0.15 1.00 0.15 0.19 25 0 -0.24 -0.01 36.72 35.00 10/17/2025 No 8 66 None
T AT&T Inc Options Chain 0.37 0.41 0.15 1.00 0.15 0.24 1121 314 -0.25 -0.01 29.44 27.00 10/17/2025 No 11 65 None