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
PR Permian Resources Corp - Class A Options Chain 0.60 0.85 0.33 1.00 0.33 0.47 1 0 -0.29 -0.01 21.69 20.00 5/15/2026 Yes 10 66 None
EQNR Equinor ASA Options Chain 1.75 1.90 0.33 1.00 0.33 0.57 3 3 -0.30 -0.03 41.60 39.00 5/15/2026 Yes 8 51 None
VST Vistra Corp Options Chain 7.05 7.70 1.58 5.00 0.32 0.65 6 4 -0.30 -0.14 154.88 135.00 5/15/2026 Yes 6 54 None
LYB LyondellBasell Industries NV - Class A Options Chain 3.30 3.70 0.77 2.50 0.31 0.60 85 4 -0.29 -0.07 80.60 75.00 5/15/2026 Yes 7 57 None
AMAT Applied Materials Inc Options Chain 14.75 15.65 2.87 10.00 0.29 0.68 79 50 -0.28 -0.30 337.17 290.00 5/15/2026 No 14 63
Dividend Stock List
APH Amphenol Corp - Class A Options Chain 4.80 5.30 1.35 5.00 0.27 0.68 12 119 -0.25 -0.11 123.00 105.00 5/15/2026 Yes 12 62 None
AVGO Broadcom Inc Options Chain 10.75 11.10 2.68 10.00 0.27 0.53 1194 754 -0.29 -0.22 300.68 270.00 5/15/2026 No 11 67 None
AA Alcoa Corp Options Chain 2.91 3.15 1.32 5.00 0.26 0.77 91 90 -0.26 -0.06 63.22 55.00 5/15/2026 Yes 12 51 None
CMCSA Comcast Corp - Class A Options Chain 0.54 0.84 0.26 1.00 0.26 0.43 11 37 -0.22 -0.01 28.90 26.00 5/15/2026 Yes 14 70 None
UNH Unitedhealth Group Inc Options Chain 8.70 9.00 2.57 10.00 0.26 0.51 143 109 -0.28 -0.19 257.58 240.00 5/15/2026 Yes 12 66 None
MSFT Microsoft Corporation Options Chain 8.60 9.15 1.28 5.00 0.26 0.42 20 59 -0.28 -0.24 356.15 335.00 5/8/2026 Yes 15 72 None
RRC Range Resources Corp Options Chain 1.30 1.60 0.25 1.00 0.25 0.46 2 3 -0.28 -0.03 47.49 43.00 5/15/2026 Yes 16 62 None
ALLY Ally Financial Inc Options Chain 1.20 1.45 0.25 1.00 0.25 0.48 17 0 -0.30 -0.02 37.79 35.00 5/15/2026 Yes 14 78 None
SLB SLB Options Chain 1.53 1.68 0.61 2.50 0.24 0.48 278 45 -0.27 -0.04 53.71 47.50 5/15/2026 Yes 8 65 None
TSM Taiwan Semiconductor Manufacturing Options Chain 10.70 11.30 2.42 10.00 0.24 0.52 678 248 -0.29 -0.25 324.55 290.00 5/15/2026 Yes 22 67
Dividend Stock List
RIO Rio Tinto plc Options Chain 2.40 2.55 0.60 2.50 0.24 0.42 18 187 -0.28 -0.06 86.20 82.50 5/15/2026 Yes 11 74 None
XOM Exxon Mobil Corp Options Chain 4.15 4.30 1.18 5.00 0.24 0.38 598 352 -0.28 -0.08 171.47 160.00 5/15/2026 Yes 11 71 None
VZ Verizon Communications Inc Options Chain 1.01 1.07 0.23 1.00 0.23 0.31 135 83 -0.27 -0.01 50.30 47.00 5/15/2026 Yes 9 74 None
AMKR AMKOR Technology Inc Options Chain 2.45 3.00 0.23 1.00 0.23 0.91 8 4 -0.28 -0.05 44.45 36.00 5/15/2026 Yes 16 50 None
BHP BHP Group Ltd Options Chain 1.65 1.85 0.57 2.50 0.23 0.47 3 67 -0.24 -0.04 69.02 62.50 5/15/2026 No 10 56 None
APA APA Corporation Options Chain 1.37 1.52 0.55 2.50 0.22 0.66 43 64 -0.22 -0.03 44.56 37.50 5/15/2026 Yes 9 58 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.30 0.40 0.22 1.00 0.22 0.50 0 20 -0.26 -0.01 11.08 10.00 5/15/2026 Yes 16 56 None
IVZ Invesco Ltd Options Chain 0.70 0.90 0.22 1.00 0.22 0.54 51 29 -0.27 -0.01 23.20 21.00 5/15/2026 Yes 8 59 None
T AT&T Inc Options Chain 0.63 0.68 0.22 1.00 0.22 0.34 995 207 -0.29 -0.01 29.06 27.00 5/15/2026 Yes 11 66 None
WFC Wells Fargo & Company Options Chain 2.08 2.18 0.54 2.50 0.22 0.46 92 164 -0.26 -0.04 77.05 70.00 5/15/2026 Yes 12 76 None
MPC Marathon Petroleum Corp Options Chain 5.40 5.70 2.15 10.00 0.21 0.46 40 4 -0.23 -0.14 252.00 220.00 5/15/2026 Yes 14 72 None
C Citigroup Inc Options Chain 3.10 3.20 0.53 2.50 0.21 0.48 10 50 -0.26 -0.06 107.27 97.50 5/15/2026 Yes 13 73 None
V Visa Inc - Class A Options Chain 6.40 6.70 1.05 5.00 0.21 0.35 49 54 -0.27 -0.15 295.37 280.00 5/15/2026 Yes 10 65 None
TGT Target Corp Options Chain 2.70 2.85 1.05 5.00 0.21 0.38 45 129 -0.27 -0.06 119.60 110.00 5/15/2026 No 11 55 None
CFG Citizens Financial Group Inc Options Chain 1.25 1.75 0.52 2.50 0.21 0.44 5 0 -0.27 -0.03 57.45 52.50 5/15/2026 Yes 13 78 None
SYY Sysco Corp Options Chain 1.60 2.00 1.02 5.00 0.20 0.35 380 201 -0.29 -0.03 82.56 65.00 5/15/2026 Yes 10 63 None
ING ING Groep N.V. Options Chain 0.65 0.75 0.20 1.00 0.20 0.47 1 0 -0.21 -0.01 24.79 22.00 5/15/2026 Yes 13 60 None
BCS Barclays plc Options Chain 0.50 0.75 0.20 1.00 0.20 0.56 16 1 -0.24 -0.02 20.24 18.00 5/15/2026 Yes 15 47 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 1.25 1.80 0.93 5.00 0.19 0.40 43 9 -0.29 -0.02 53.07 50.00 5/15/2026 Yes 8 56 None
OVV Ovintiv Inc Options Chain 1.55 1.90 0.90 5.00 0.18 0.49 23 0 -0.25 -0.04 62.08 55.00 5/15/2026 Yes 10 73 None
MET Metlife Inc Options Chain 1.45 1.90 0.45 2.50 0.18 0.42 1 4 -0.26 -0.04 67.70 62.50 5/15/2026 Yes 12 60 None
WMT Walmart Inc Options Chain 2.16 2.30 0.86 5.00 0.17 0.33 4567 781 -0.26 -0.06 123.50 115.00 5/15/2026 No 9 56 None
RF Regions Financial Corp Options Chain 0.55 0.65 0.17 1.00 0.17 0.44 5 1 -0.24 -0.01 25.38 23.00 5/15/2026 Yes 13 60 None
TFC Truist Financial Corporation Options Chain 0.81 0.97 0.42 2.50 0.17 0.43 376 8 -0.22 -0.02 44.26 40.00 5/15/2026 Yes 12 72 None
DUK Duke Energy Corp Options Chain 1.60 2.00 0.82 5.00 0.16 0.24 6 14 -0.26 -0.04 131.71 125.00 5/15/2026 Yes 8 75 None
KEY Keycorp Options Chain 0.49 0.53 0.16 1.00 0.16 0.41 3 0 -0.28 -0.01 19.30 18.00 5/15/2026 Yes 14 67 None
BMY Bristol-Myers Squibb Company Options Chain 0.75 1.23 0.39 2.50 0.16 0.33 136 19 -0.24 -0.02 58.54 55.00 5/15/2026 Yes 15 60 None
BTI British American Tobacco Plc Options Chain 0.95 1.15 0.75 5.00 0.15 0.30 115 0 -0.25 -0.03 58.26 55.00 5/15/2026 Yes 9 61 None
VTRS Viatris Inc Options Chain 0.35 0.45 0.15 1.00 0.15 0.46 3 0 -0.29 -0.01 13.01 12.00 5/15/2026 Yes 6 51 None