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
DELL Dell Technologies Inc - Class C Options Chain 25.15 26.70 3.98 10.00 0.40 0.77 68 283 -0.29 -0.49 420.91 410.00 7/17/2026 No 11 53 None
IBM International Business Machines Corp Options Chain 14.95 15.90 1.98 5.00 0.40 0.56 479 79 -0.30 -0.25 297.80 300.00 7/17/2026 No 10 63 None
GLW Corning Inc Options Chain 9.90 10.25 1.90 5.00 0.38 0.73 170 68 -0.29 -0.19 181.16 160.00 7/17/2026 No 8 52 None
CRM Salesforce Inc Options Chain 7.45 7.70 1.78 5.00 0.36 0.49 77 196 -0.29 -0.14 192.92 195.00 7/17/2026 No 15 70 None
ORCL Oracle Corp Options Chain 12.70 12.95 3.48 10.00 0.35 0.76 1724 466 -0.26 -0.24 225.78 220.00 7/17/2026 Yes 9 66 None
NTAP Netapp Inc Options Chain 4.50 5.70 1.70 5.00 0.34 0.51 2 5 -0.28 -0.12 174.29 160.00 7/17/2026 No 13 65 None
ACN Accenture plc - Class A Options Chain 7.30 8.10 1.70 5.00 0.34 0.55 85 11 -0.29 -0.14 187.51 180.00 7/17/2026 Yes 15 59 None
CVE Cenovus Energy Inc Options Chain 0.80 0.95 0.33 1.00 0.33 0.45 12 0 -0.29 -0.02 27.57 26.00 7/17/2026 No 15 66 None
QCOM Qualcomm Inc Options Chain 11.30 11.85 1.65 5.00 0.33 0.79 107 239 -0.25 -0.22 251.02 200.00 7/17/2026 No 11 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 15.10 16.55 3.28 10.00 0.33 0.50 255 721 -0.28 -0.32 419.06 410.00 7/17/2026 Yes 23 66
Dividend Stock List
EQNR Equinor ASA Options Chain 0.95 1.15 0.32 1.00 0.32 0.41 0 5 -0.29 -0.02 35.99 35.00 7/17/2026 No 9 50 None
CEG Constellation Energy Corporation Options Chain 9.10 10.00 3.05 10.00 0.30 0.47 216 180 -0.29 -0.18 287.75 250.00 7/17/2026 No 7 64 None
APH Amphenol Corp - Class A Options Chain 5.40 6.00 1.50 5.00 0.30 0.55 12 70 -0.29 -0.10 148.76 135.00 7/17/2026 No 9 58 None
COST Costco Wholesale Corp Options Chain 13.95 15.60 1.50 5.00 0.30 0.24 8 155 -0.29 -0.36 958.09 910.00 7/17/2026 No 15 61 None
BWA BorgWarner Inc Options Chain 2.55 2.70 0.75 2.50 0.30 0.52 5 44 -0.28 -0.05 71.82 65.00 7/17/2026 No 11 59 None
EC Ecopetrol SA Options Chain 0.50 0.60 0.30 1.00 0.30 0.65 69 5 -0.24 -0.01 14.61 14.00 7/17/2026 No 11 57 None
PAAS Pan American Silver Corp Options Chain 1.80 1.95 0.30 1.00 0.30 0.58 66 0 -0.24 -0.04 56.99 50.00 7/17/2026 No 13 55 None
HPQ HP Inc Options Chain 0.98 1.05 0.29 1.00 0.29 0.59 32 137 -0.26 -0.02 27.10 26.00 7/17/2026 No 12 59 None
NVT nVent Electric plc Options Chain 7.30 8.10 1.40 5.00 0.28 0.55 16 13 -0.30 -0.14 166.99 160.00 7/17/2026 No 7 58 None
DG Dollar General Corp Options Chain 3.55 3.85 1.39 5.00 0.28 0.52 17 37 -0.27 -0.07 110.61 100.00 7/17/2026 Yes 12 54 None
APA APA Corporation Options Chain 1.30 1.46 0.69 2.50 0.28 0.51 38 218 -0.29 -0.03 36.43 35.00 7/17/2026 No 10 55 None
DAL Delta Air Lines Inc Options Chain 2.38 2.55 0.68 2.50 0.27 0.47 115 44 -0.28 -0.06 82.48 75.00 7/17/2026 Yes 15 66 None
EPD Enterprise Products Partners L P Options Chain 0.47 0.75 0.27 1.00 0.27 0.21 4 14 -0.27 -0.02 36.79 36.00 7/17/2026 No 9 58 None
MCD McDonald`s Corp Options Chain 3.80 4.10 1.31 5.00 0.26 0.21 57 87 -0.29 -0.07 279.20 265.00 7/17/2026 No 12 68 None
PEP PepsiCo Inc Options Chain 2.80 2.98 1.31 5.00 0.26 0.27 106 155 -0.30 -0.04 144.19 135.00 7/17/2026 Yes 9 54 None
HPE Hewlett Packard Enterprise Company Options Chain 2.65 3.10 0.26 1.00 0.26 0.94 50 33 -0.28 -0.06 43.04 40.00 7/17/2026 Yes 6 51 None
BAC Bank Of America Corp Options Chain 1.05 1.10 0.26 1.00 0.26 0.30 157 101 -0.29 -0.02 51.60 49.00 7/17/2026 Yes 14 74 None
MS Morgan Stanley Options Chain 4.65 4.95 1.25 5.00 0.25 0.34 113 50 -0.28 -0.11 208.00 200.00 7/17/2026 Yes 13 75 None
IVZ Invesco Ltd Options Chain 0.65 0.95 0.25 1.00 0.25 0.41 3 0 -0.28 -0.02 28.50 26.00 7/17/2026 No 7 56 None
RF Regions Financial Corp Options Chain 0.50 0.80 0.25 1.00 0.25 0.34 0 1 -0.29 -0.01 28.00 26.00 7/17/2026 Yes 15 61 None
DOW Dow Inc Options Chain 1.10 1.19 0.62 2.50 0.25 0.47 7 6 -0.29 -0.02 33.75 32.50 7/17/2026 No 6 49 None
CFG Citizens Financial Group Inc Options Chain 1.25 1.75 0.62 2.50 0.25 0.35 1 1 -0.30 -0.03 62.26 57.50 7/17/2026 Yes 17 77 None
JPM JPMorgan Chase & Company Options Chain 5.10 5.40 1.20 5.00 0.24 0.29 88 115 -0.27 -0.11 299.00 280.00 7/17/2026 Yes 13 79 None
LLY Lilly(Eli) & Company Options Chain 22.45 25.45 2.37 10.00 0.24 0.34 27 13 -0.28 -0.57 1,105.00 1,020.00 7/17/2026 No 9 65 None
XOM Exxon Mobil Corp Options Chain 2.75 2.89 1.16 5.00 0.23 0.32 116 59 -0.26 -0.07 145.26 140.00 7/17/2026 No 11 71 None
DVN Devon Energy Corp Options Chain 1.15 1.18 0.58 2.50 0.23 0.41 125 105 -0.27 -0.02 44.55 42.50 7/17/2026 No 7 51 None
VZ Verizon Communications Inc Options Chain 0.68 0.74 0.23 1.00 0.23 0.25 68 27 -0.26 -0.01 47.88 45.00 7/17/2026 No 13 73 None
BCS Barclays plc Options Chain 0.65 0.70 0.23 1.00 0.23 0.39 3372 0 -0.30 -0.01 24.53 23.00 7/17/2026 No 15 59 None
C Citigroup Inc Options Chain 2.71 2.85 1.15 5.00 0.23 0.36 102 115 -0.27 -0.07 125.90 120.00 7/17/2026 Yes 14 77 None
MO Altria Group Inc Options Chain 1.02 1.12 0.57 2.50 0.23 0.23 80 32 -0.25 -0.01 69.58 65.00 7/17/2026 No 8 58 None
PG Procter & Gamble Company Options Chain 2.18 2.30 1.12 5.00 0.22 0.24 388 179 -0.30 -0.06 143.56 135.00 7/17/2026 No 12 72 None
FCX Freeport-McMoRan Inc Options Chain 2.00 2.14 1.11 5.00 0.22 0.55 98 234 -0.25 -0.05 65.71 60.00 7/17/2026 No 9 58 None
CDW CDW Corp Options Chain 3.50 4.00 1.10 5.00 0.22 0.49 34 5 -0.24 -0.09 125.45 125.00 7/17/2026 No 11 49 None
BHP BHP Group Ltd Options Chain 2.15 2.35 0.55 2.50 0.22 0.39 5 0 -0.28 -0.05 88.91 85.00 7/17/2026 No 9 58 None
SCHW Charles Schwab Corp Options Chain 1.56 1.66 0.53 2.50 0.21 0.31 55 59 -0.27 -0.04 87.34 82.50 7/17/2026 Yes 17 67 None
WFC Wells Fargo & Company Options Chain 1.44 1.50 0.51 2.50 0.20 0.34 71 478 -0.27 -0.04 77.54 72.50 7/17/2026 Yes 13 74 None
TGT Target Corp Options Chain 2.10 2.32 1.01 5.00 0.20 0.34 106 76 -0.27 -0.07 127.07 115.00 7/17/2026 No 9 54 None
ING ING Groep N.V. Options Chain 0.45 0.55 0.20 1.00 0.20 0.29 2 0 -0.26 -0.01 30.94 29.00 7/17/2026 No 13 63 None
TTE TotalEnergies SE Options Chain 1.10 1.25 0.48 2.50 0.19 0.27 5 0 -0.23 -0.02 87.32 82.50 7/17/2026 No 11 62 None
D Dominion Energy Inc Options Chain 1.05 1.20 0.48 2.50 0.19 0.26 32 7 -0.28 -0.03 66.94 62.50 7/17/2026 No 8 62 None
F Ford Motor Company Options Chain 0.37 0.38 0.19 1.00 0.19 0.48 937 161 -0.20 -0.01 17.44 15.00 7/17/2026 No 8 48 None
KMI Kinder Morgan Inc - Class P Options Chain 0.34 0.39 0.19 1.00 0.19 0.26 7 1 -0.21 -0.01 31.08 29.00 7/17/2026 Yes 13 67 None
KHC Kraft Heinz Company Options Chain 0.55 0.60 0.47 2.50 0.19 0.28 77 6 -0.29 -0.01 24.01 22.50 7/17/2026 No 8 58 None
UNH Unitedhealth Group Inc Options Chain 5.70 6.10 1.87 10.00 0.19 0.32 74 61 -0.23 -0.13 380.31 350.00 7/17/2026 No 9 58 None
CSCO Cisco Systems Inc Options Chain 2.24 2.42 0.93 5.00 0.19 0.39 54 173 -0.22 -0.05 120.42 110.00 7/17/2026 No 8 58 None
CTSH Cognizant Technology Solutions Corp - Class A Options Chain 1.50 1.75 0.45 2.50 0.18 0.46 11 10 -0.27 -0.04 55.76 52.50 7/17/2026 No 16 69 None
FITB Fifth Third Bancorp Options Chain 0.75 1.10 0.18 1.00 0.18 0.34 4 0 -0.25 -0.02 49.92 45.00 7/17/2026 Yes 8 61 None
PPL PPL Corp Options Chain 0.45 0.60 0.18 1.00 0.18 0.22 122 2 -0.28 -0.01 35.39 33.00 7/17/2026 No 8 60 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.40 1.60 0.87 5.00 0.17 0.48 7 6 -0.22 -0.04 66.65 60.00 7/17/2026 No 7 52 None
LVS Las Vegas Sands Corp Options Chain 1.03 1.28 0.43 2.50 0.17 0.37 265 4 -0.28 -0.03 50.57 50.00 7/17/2026 No 10 64 None
KO Coca-Cola Company Options Chain 0.79 0.88 0.40 2.50 0.16 0.20 149 82 -0.24 -0.02 79.01 75.00 7/17/2026 No 12 69 None
CMCSA Comcast Corp - Class A Options Chain 0.28 0.45 0.24 1.50 0.16 0.38 305 26 -0.20 -0.01 24.87 22.50 7/17/2026 No 11 51 None
DEO Diageo plc Options Chain 1.20 1.40 0.77 5.00 0.15 0.31 18 1 -0.24 -0.04 82.46 75.00 7/17/2026 No 8 47 None
SYF Synchrony Financial Options Chain 1.05 1.20 0.38 2.50 0.15 0.35 2 0 -0.22 -0.03 71.44 65.00 7/17/2026 No 15 73 None
T AT&T Inc Options Chain 0.29 0.32 0.15 1.00 0.15 0.26 113 79 -0.23 -0.01 24.80 23.00 7/17/2026 No 9 58 None
PR Permian Resources Corp - Class A Options Chain 0.30 0.45 0.15 1.00 0.15 0.40 69 0 -0.24 -0.01 19.23 18.00 7/17/2026 No 10 60 None
HBAN Huntington Bancshares Inc Options Chain 0.30 0.35 0.15 1.00 0.15 0.31 92 0 -0.28 -0.01 16.36 15.00 7/17/2026 No 9 57 None