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
AVGO Broadcom Inc Options Chain 16.55 17.00 3.35 10.00 0.34 0.54 540 115 -0.30 -0.29 385.98 350.00 12/19/2025 Yes 9 67 None
ORCL Oracle Corp Options Chain 11.65 11.90 3.20 10.00 0.32 0.58 1129 1000 -0.30 -0.22 275.30 240.00 12/19/2025 Yes 8 62 None
BKR Baker Hughes Co - Class A Options Chain 1.05 1.45 0.32 1.00 0.32 0.35 0 7 -0.30 -0.02 48.32 46.00 12/19/2025 No 14 65 None
LLY Lilly(Eli) & Company Options Chain 20.10 21.95 2.78 10.00 0.28 0.35 18 26 -0.30 -0.42 813.53 800.00 12/19/2025 Yes 11 65 None
ADM Archer Daniels Midland Company Options Chain 1.55 1.75 0.67 2.50 0.27 0.36 0 5 -0.30 -0.03 60.52 57.50 12/19/2025 Yes 11 52 None
MSFT Microsoft Corporation Options Chain 8.30 8.45 1.33 5.00 0.27 0.23 272 528 -0.28 -0.18 541.55 505.00 12/19/2025 Yes 13 68 None
C Citigroup Inc Options Chain 2.30 2.40 0.65 2.50 0.26 0.32 22 167 -0.28 -0.04 99.12 95.00 12/19/2025 No 16 82 None
FCX Freeport-McMoRan Inc Options Chain 1.06 1.15 0.26 1.00 0.26 0.45 19 41 -0.26 -0.03 42.19 38.00 12/19/2025 No 12 60 None
VZ Verizon Communications Inc Options Chain 0.61 0.65 0.26 1.00 0.26 0.20 940 201 -0.29 -0.01 40.21 38.00 12/19/2025 Yes 14 65 None
NEM Newmont Corp Options Chain 2.17 2.26 0.64 2.50 0.26 0.44 59 20 -0.26 -0.04 79.67 75.00 12/19/2025 No 17 71 None
DOW Dow Inc Options Chain 0.89 0.94 0.64 2.50 0.26 0.46 68 26 -0.30 -0.01 24.86 22.50 12/19/2025 No 11 49 None
STM ST Microelectronics Options Chain 0.70 0.80 0.25 1.00 0.25 0.42 1 30 -0.28 -0.01 24.68 23.00 12/19/2025 No 13 47 None
TGT Target Corp Options Chain 2.65 2.80 1.24 5.00 0.25 0.45 13 45 -0.25 -0.04 94.12 85.00 12/19/2025 Yes 13 66 None
NKE Nike Inc - Class B Options Chain 1.64 1.74 0.62 2.50 0.25 0.42 180 59 -0.25 -0.03 65.35 60.00 12/19/2025 Yes 8 55 None
WFC Wells Fargo & Company Options Chain 1.86 1.95 0.62 2.50 0.25 0.30 4 13 -0.29 -0.03 86.00 82.50 12/19/2025 No 11 74 None
WMT Walmart Inc Options Chain 1.89 1.97 0.60 2.50 0.24 0.28 216 110 -0.26 -0.04 102.46 97.50 12/19/2025 Yes 9 59 None
QCOM Qualcomm Inc Options Chain 4.05 4.35 1.19 5.00 0.24 0.39 33 253 -0.25 -0.08 178.67 165.00 12/19/2025 Yes 15 71 None
LVS Las Vegas Sands Corp Options Chain 1.38 1.48 0.59 2.50 0.24 0.37 3 50 -0.28 -0.03 58.78 55.00 12/19/2025 No 11 62 None
UNH Unitedhealth Group Inc Options Chain 7.10 7.40 2.35 10.00 0.24 0.36 253 409 -0.26 -0.15 355.26 320.00 12/19/2025 No 12 65 None
NVO Novo Nordisk Options Chain 1.71 1.76 1.17 5.00 0.23 0.56 593 38 -0.25 -0.04 51.37 45.00 12/19/2025 Yes 16 65 None
COP Conoco Phillips Options Chain 1.73 1.81 0.58 2.50 0.23 0.32 14 57 -0.25 -0.03 88.08 82.50 12/19/2025 Yes 11 76 None
RF Regions Financial Corp Options Chain 0.50 0.65 0.23 1.00 0.23 0.31 4 4 -0.30 -0.01 24.07 23.00 12/19/2025 No 13 69 None
V Visa Inc - Class A Options Chain 5.35 5.55 1.15 5.00 0.23 0.25 45 14 -0.26 -0.12 341.28 330.00 12/19/2025 No 9 69 None
NEE NextEra Energy Inc Options Chain 1.47 1.60 0.57 2.50 0.23 0.28 3 6 -0.28 -0.03 81.76 77.50 12/19/2025 No 8 62 None
BHP BHP Group Ltd Options Chain 1.20 1.30 0.57 2.50 0.23 0.28 0 16 -0.30 -0.03 57.96 55.00 12/19/2025 No 13 62 None
TSM Taiwan Semiconductor Manufacturing Options Chain 7.60 8.00 2.27 10.00 0.23 0.42 77 1075 -0.27 -0.16 305.09 280.00 12/19/2025 No 22 74
Dividend Stock List
EBAY EBay Inc Options Chain 1.63 1.82 0.56 2.50 0.22 0.33 81 19 -0.28 -0.04 99.54 80.00 12/19/2025 Yes 11 63 None
JCI Johnson Controls International plc Options Chain 1.55 2.50 1.10 5.00 0.22 0.35 0 1 -0.21 -0.05 113.34 105.00 12/19/2025 Yes 8 62 None
RTX RTX Corp Options Chain 2.69 2.83 1.10 5.00 0.22 0.24 13 13 -0.28 -0.05 176.36 170.00 12/19/2025 No 13 64 None
EPD Enterprise Products Partners L P Options Chain 0.37 0.57 0.22 1.00 0.22 0.18 1 11 -0.24 0.00 31.12 30.00 12/19/2025 No 13 68 None
RSG Republic Services Inc Options Chain 3.00 3.70 1.07 5.00 0.21 0.26 1 0 -0.25 -0.09 210.50 200.00 12/19/2025 No 13 67 None
JPM JPMorgan Chase & Company Options Chain 4.85 5.15 1.07 5.00 0.21 0.26 426 96 -0.26 -0.12 305.51 295.00 12/19/2025 No 11 79 None
CARR Carrier Global Corp Options Chain 1.20 1.45 0.53 2.50 0.21 0.37 32 23 -0.26 -0.03 60.75 55.00 12/19/2025 No 10 61 None
ARE Alexandria Real Estate Equities Inc Options Chain 1.30 1.65 0.53 2.50 0.21 0.43 13 9 -0.27 -0.03 58.76 52.50 12/19/2025 No 10 71 None
GIS General Mills Inc Options Chain 0.90 1.05 0.53 2.50 0.21 0.28 8 39 -0.30 -0.02 46.57 45.00 12/19/2025 Yes 13 63 None
AON Aon plc. - Class A Options Chain 5.20 8.00 2.10 10.00 0.21 0.30 120 0 -0.27 -0.15 326.07 310.00 12/19/2025 Yes 10 68 None
HPE Hewlett Packard Enterprise Company Options Chain 0.56 0.59 0.21 1.00 0.21 0.46 5 25 -0.22 -0.01 24.27 22.00 12/19/2025 Yes 13 59 None
BAC Bank Of America Corp Options Chain 0.91 0.94 0.21 1.00 0.21 0.29 33 36 -0.26 -0.02 52.58 50.00 12/19/2025 No 11 74 None
GM General Motors Company Options Chain 1.30 1.40 0.51 2.50 0.20 0.31 51 25 -0.28 -0.03 69.13 65.00 12/19/2025 No 12 74 None
PG Procter & Gamble Company Options Chain 1.93 2.03 1.01 5.00 0.20 0.19 145 37 -0.28 -0.05 148.77 145.00 12/19/2025 No 12 64 None
CHRW C.H. Robinson Worldwide Inc Options Chain 2.15 2.65 1.00 5.00 0.20 0.28 1 2 -0.25 -0.05 129.38 145.00 12/19/2025 Yes 12 65 None
EXC Exelon Corp Options Chain 0.70 0.85 0.20 1.00 0.20 0.25 0 1 -0.29 -0.01 47.20 45.00 12/19/2025 Yes 11 68 None
MO Altria Group Inc Options Chain 0.73 0.90 0.48 2.50 0.19 0.23 185 93 -0.25 -0.02 61.97 55.00 12/19/2025 Yes 11 66 None
DVN Devon Energy Corp Options Chain 0.80 0.90 0.48 2.50 0.19 0.41 39 34 -0.28 -0.02 32.05 30.00 12/19/2025 Yes 10 66 None
USB U.S. Bancorp. Options Chain 0.84 0.91 0.48 2.50 0.19 0.26 3 0 -0.28 -0.02 46.64 45.00 12/19/2025 No 15 65 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.25 1.55 0.47 2.50 0.19 0.34 17 1 -0.25 -0.03 71.69 67.50 12/19/2025 Yes 18 64 None
XOM Exxon Mobil Corp Options Chain 1.75 1.84 0.93 5.00 0.19 0.24 151 100 -0.26 -0.03 116.45 110.00 12/19/2025 Yes 11 75 None
CSCO Cisco Systems Inc Options Chain 1.05 1.09 0.45 2.50 0.18 0.30 76 52 -0.22 -0.03 71.33 67.50 12/19/2025 Yes 11 66 None
TSN Tyson Foods Inc - Class A Options Chain 0.75 0.85 0.45 2.50 0.18 0.29 0 1 -0.23 -0.01 50.72 47.50 12/19/2025 Yes 13 65 None
KDP Keurig Dr Pepper Inc Options Chain 0.35 0.45 0.17 1.00 0.17 0.27 578 218 -0.24 -0.01 27.15 26.00 12/19/2025 No 10 61 None
AES AES Corp Options Chain 0.15 0.45 0.17 1.00 0.17 0.44 2 0 -0.28 -0.01 14.37 13.00 12/19/2025 Yes 14 55 None
YUM Yum Brands Inc Options Chain 1.60 2.20 0.85 5.00 0.17 0.27 3 2 -0.23 -0.05 139.19 130.00 12/19/2025 Yes 10 62 None
PFE Pfizer Inc Options Chain 0.32 0.35 0.25 1.50 0.17 0.27 143 13 -0.18 0.00 24.29 22.50 12/19/2025 Yes 14 63 None
RIO Rio Tinto plc Options Chain 1.00 1.05 0.40 2.50 0.16 0.28 4 23 -0.23 -0.03 72.58 67.50 12/19/2025 No 13 74 None
HPQ HP Inc Options Chain 0.57 0.65 0.16 1.00 0.16 0.41 0 1 -0.24 -0.01 27.70 25.00 12/19/2025 Yes 13 50 None
OXY Occidental Petroleum Corp Options Chain 0.64 0.70 0.38 2.50 0.15 0.35 197 69 -0.22 -0.02 40.58 37.50 12/19/2025 Yes 7 64 None
F Ford Motor Company Options Chain 0.18 0.20 0.05 0.33 0.15 0.32 110 32 -0.20 0.00 13.24 12.00 12/19/2025 No 16 54 None
AEP American Electric Power Company Inc Options Chain 1.15 1.45 0.75 5.00 0.15 0.21 16 28 -0.22 -0.02 122.11 115.00 12/19/2025 Yes 13 74 None
BCS Barclays plc Options Chain 0.40 0.45 0.15 1.00 0.15 0.33 1543 0 -0.25 -0.01 21.36 20.00 12/19/2025 No 17 55 None