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
AMKR AMKOR Technology Inc Options Chain 2.80 3.50 0.35 1.00 0.35 0.93 1 497 -0.29 -0.06 46.49 41.00 5/15/2026 Yes 18 46 None
ALLY Ally Financial Inc Options Chain 1.10 1.55 0.33 1.00 0.33 0.47 0 6 -0.30 -0.02 39.77 37.00 5/15/2026 Yes 13 77 None
XOM Exxon Mobil Corp Options Chain 2.21 5.30 1.43 5.00 0.29 0.35 5 3 -0.30 -0.08 159.50 150.00 5/22/2026 Yes 10 71 None
RRC Range Resources Corp Options Chain 0.90 1.35 0.28 1.00 0.28 0.45 4 0 -0.25 -0.03 43.29 40.00 5/15/2026 Yes 12 54 None
EQNR Equinor ASA Options Chain 1.30 1.55 0.28 1.00 0.28 0.53 4 8 -0.28 -0.03 40.50 38.00 5/15/2026 Yes 9 58 None
EXC Exelon Corp Options Chain 0.60 1.25 0.28 1.00 0.28 0.28 1 0 -0.29 -0.02 48.87 47.00 5/15/2026 Yes 10 69 None
SYY Sysco Corp Options Chain 1.25 1.80 0.70 2.50 0.28 0.33 9 50 -0.28 -0.04 72.17 67.50 5/15/2026 Yes 12 62 None
LYB LyondellBasell Industries NV - Class A Options Chain 2.60 2.90 0.67 2.50 0.27 0.54 15 20 -0.28 -0.06 76.00 72.50 5/15/2026 Yes 7 57 None
AVGO Broadcom Inc Options Chain 9.45 10.10 2.63 10.00 0.26 0.48 271 278 -0.27 -0.22 313.49 290.00 5/15/2026 No 11 67 None
LLY Lilly(Eli) & Company Options Chain 28.00 30.90 2.60 10.00 0.26 0.47 16 29 -0.29 -0.64 954.52 870.00 5/15/2026 Yes 13 68 None
GE General Electric Company Options Chain 6.50 10.35 1.30 5.00 0.26 0.44 7 0 -0.27 -0.18 293.00 260.00 5/22/2026 Yes 10 60 None
MSFT Microsoft Corporation Options Chain 8.20 8.45 1.30 5.00 0.26 0.37 452 630 -0.27 -0.20 369.95 350.00 5/15/2026 Yes 15 72 None
RTX RTX Corp Options Chain 3.75 7.25 1.25 5.00 0.25 0.36 0 5 -0.30 -0.09 194.51 185.00 5/22/2026 Yes 13 64 None
CLX Clorox Company Options Chain 2.80 3.10 1.25 5.00 0.25 0.40 549 108 -0.30 -0.05 104.95 95.00 5/15/2026 Yes 13 57 None
ICE Intercontinental Exchange Inc Options Chain 3.00 3.60 1.22 5.00 0.24 0.31 4 5 -0.29 -0.07 158.08 155.00 5/15/2026 Yes 9 66 None
SYF Synchrony Financial Options Chain 1.55 2.05 0.60 2.50 0.24 0.46 1 10025 -0.26 -0.04 68.32 62.50 5/15/2026 Yes 10 64 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.85 14.15 1.17 5.00 0.23 0.48 2 1 -0.30 -0.23 341.49 315.00 5/22/2026 Yes 20 62
Dividend Stock List
KEY Keycorp Options Chain 0.40 0.55 0.23 1.00 0.23 0.39 4 1 -0.26 -0.01 20.34 19.00 5/15/2026 Yes 10 59 None
IVZ Invesco Ltd Options Chain 0.65 0.80 0.23 1.00 0.23 0.49 2 0 -0.27 -0.01 24.00 22.00 5/15/2026 Yes 8 58 None
OVV Ovintiv Inc Options Chain 1.65 2.15 1.15 5.00 0.23 0.47 23 0 -0.29 -0.04 56.50 55.00 5/15/2026 Yes 10 73 None
JPM JPMorgan Chase & Company Options Chain 5.05 7.00 1.13 5.00 0.23 0.32 1 1 -0.27 -0.12 295.75 275.00 5/22/2026 Yes 7 70 None
CG Carlyle Group Inc (The) Options Chain 1.50 1.90 0.55 2.50 0.22 0.57 0 6 -0.28 -0.04 47.25 42.50 5/15/2026 Yes 11 68 None
MPC Marathon Petroleum Corp Options Chain 5.30 5.70 2.05 10.00 0.20 0.44 39 14 -0.23 -0.15 238.16 220.00 5/15/2026 Yes 13 72 None
BHP BHP Group Ltd Options Chain 1.70 1.90 0.50 2.50 0.20 0.43 7 3 -0.26 -0.05 73.56 67.50 5/15/2026 No 12 24 None
UL Unilever plc Options Chain 0.95 1.10 0.50 2.50 0.20 0.29 28 33 -0.29 -0.02 56.06 52.50 5/15/2026 No 8 56 None
FHN First Horizon Corporation Options Chain 0.35 0.65 0.20 1.00 0.20 0.43 884 0 -0.23 -0.01 22.98 21.00 5/15/2026 Yes 16 68 None
BCS Barclays plc Options Chain 0.60 0.70 0.20 1.00 0.20 0.49 0 10 -0.27 -0.02 21.83 20.00 5/15/2026 Yes 18 56 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.55 0.18 1.00 0.18 0.38 0 1 -0.29 -0.01 15.65 15.00 5/15/2026 Yes 9 66 None
DELL Dell Technologies Inc - Class C Options Chain 4.40 7.90 0.77 5.00 0.15 0.55 0 2 -0.27 -0.11 169.04 155.00 5/22/2026 No 16 61 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.85 0.95 0.75 5.00 0.15 0.35 100 0 -0.23 -0.02 48.34 45.00 5/15/2026 No 8 55 None