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
EQNR Equinor ASA Options Chain 1.10 1.30 0.42 1.00 0.42 0.40 18 5 -0.30 -0.02 44.80 40.00 12/18/2026 No 9 54 None
HD Home Depot Inc Options Chain 6.75 8.65 2.00 5.00 0.40 0.33 39 65 -0.29 -0.15 333.00 335.00 12/18/2026 Yes 10 70 None
NVT nVent Electric plc Options Chain 4.50 6.80 1.90 5.00 0.38 0.66 10 1958 -0.28 -0.10 131.78 105.00 12/18/2026 No 15 25 None
NTAP Netapp Inc Options Chain 7.40 10.10 1.85 5.00 0.37 0.67 4 6 -0.28 -0.19 190.35 170.00 12/18/2026 Yes 10 57 None
GS Goldman Sachs Group Inc Options Chain 18.55 22.85 1.80 5.00 0.36 0.33 113 3 -0.30 -0.42 893.99 880.00 12/18/2026 No 10 67 None
DELL Dell Technologies Inc - Class C Options Chain 20.85 22.15 3.32 10.00 0.33 0.82 96 174 -0.28 -0.43 411.66 330.00 12/18/2026 Yes 11 53 None
CSCO Cisco Systems Inc Options Chain 2.75 3.15 0.83 2.50 0.33 0.47 83 167 -0.26 -0.07 102.50 95.00 12/18/2026 Yes 8 62 None
HPE Hewlett Packard Enterprise Company Options Chain 2.84 2.97 0.33 1.00 0.33 0.78 26 0 -0.29 -0.06 53.10 45.00 12/18/2026 Yes 12 59 None
AVGO Broadcom Inc Options Chain 9.95 10.70 1.60 5.00 0.32 0.53 27 43 -0.27 -0.27 330.04 300.00 12/11/2026 Yes 14 67 None
HPQ HP Inc Options Chain 1.03 1.17 0.32 1.00 0.32 0.57 191 148 -0.28 -0.02 27.85 27.00 12/18/2026 Yes 12 54 None
VLO Valero Energy Corp Options Chain 11.90 13.10 3.15 10.00 0.32 0.55 171 20899 -0.27 -0.25 387.65 330.00 12/18/2026 No 10 64 None
KGC Kinross Gold Corp Options Chain 0.70 0.80 0.31 1.00 0.31 0.48 22 236 -0.30 -0.02 19.90 20.00 12/18/2026 No 20 49 None
CRM Salesforce Inc Options Chain 8.00 8.45 2.93 10.00 0.29 0.51 50 79 -0.30 -0.17 222.11 210.00 12/18/2026 Yes 11 63 None
ORCL Oracle Corp Options Chain 5.20 5.45 1.43 5.00 0.29 0.69 406 251 -0.26 -0.12 124.68 110.00 12/18/2026 Yes 9 65 None
IBM International Business Machines Corp Options Chain 5.85 6.40 1.43 5.00 0.29 0.35 50 15 -0.30 -0.12 248.00 240.00 12/18/2026 No 12 74 None
NRG NRG Energy Inc Options Chain 3.20 3.90 1.40 5.00 0.28 0.63 170 109 -0.28 -0.07 96.40 75.00 12/18/2026 Yes 7 58 None
VST Vistra Corp Options Chain 4.35 4.60 1.38 5.00 0.28 0.56 791 560 -0.27 -0.10 139.15 110.00 12/18/2026 Yes 7 54 None
BKR Baker Hughes Co - Class A Options Chain 1.05 1.45 0.55 2.00 0.28 0.36 18 579 -0.30 -0.02 52.79 47.00 12/18/2026 No 12 67 None
TGT Target Corp Options Chain 4.15 4.50 1.36 5.00 0.27 0.43 219 120 -0.27 -0.09 153.50 150.00 12/18/2026 Yes 15 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 9.40 10.20 2.70 10.00 0.27 0.39 2482 899 -0.28 -0.23 404.50 370.00 12/18/2026 No 23 68
Dividend Stock List
V Visa Inc - Class A Options Chain 6.70 7.55 1.35 5.00 0.27 0.24 73 28 -0.29 -0.16 419.90 420.00 12/18/2026 No 9 70 None
COST Costco Wholesale Corp Options Chain 14.65 19.50 1.35 5.00 0.27 0.24 38 108 -0.30 -0.42 1,019.26 1,010.00 12/18/2026 Yes 13 59 None
FCX Freeport-McMoRan Inc Options Chain 1.77 1.93 0.66 2.50 0.26 0.49 99 367 -0.26 -0.05 61.55 57.50 12/18/2026 No 11 64 None
QCOM Qualcomm Inc Options Chain 5.00 6.15 1.30 5.00 0.26 0.56 373 149 -0.26 -0.12 163.00 155.00 12/18/2026 Yes 10 63 None
GM General Motors Company Options Chain 1.88 2.06 0.64 2.50 0.26 0.33 15 361 -0.28 -0.05 88.03 87.50 12/18/2026 No 11 60 None
MDT Medtronic Plc Options Chain 1.96 2.27 0.64 2.50 0.26 0.31 192 151 -0.29 -0.05 98.93 100.00 12/18/2026 Yes 14 71 None
GE General Electric Company Options Chain 6.95 8.25 2.55 10.00 0.26 0.36 107 221 -0.28 -0.18 318.50 310.00 12/18/2026 No 12 63 None
NKE Nike Inc - Class B Options Chain 1.17 1.29 0.63 2.50 0.25 0.44 1295 1777 -0.30 -0.02 38.29 37.50 12/18/2026 Yes 12 58 None
GLW Corning Inc Options Chain 3.90 4.20 1.25 5.00 0.25 0.62 390 293 -0.24 -0.10 125.65 105.00 12/18/2026 No 8 52 None
MMM 3M Company Options Chain 3.05 3.95 1.25 5.00 0.25 0.27 58 76 -0.29 -0.06 179.00 185.00 12/18/2026 No 10 66 None
SIRI Sirius XM Holdings Inc Options Chain 0.53 0.66 0.25 1.00 0.25 0.32 0 30 -0.24 -0.01 30.52 31.00 12/18/2026 No 11 64 None
CVE Cenovus Energy Inc Options Chain 0.60 0.75 0.25 1.00 0.25 0.43 39 17 -0.25 -0.02 31.18 26.00 12/18/2026 Yes 10 59 None
MET Metlife Inc Options Chain 1.65 2.25 0.62 2.50 0.25 0.31 2 1 -0.27 -0.05 100.44 97.50 12/18/2026 Yes 13 62 None
NEM Newmont Corp Options Chain 2.69 3.05 1.21 5.00 0.24 0.40 493 516 -0.27 -0.07 107.40 110.00 12/18/2026 No 18 74 None
XOM Exxon Mobil Corp Options Chain 3.35 3.65 1.21 5.00 0.24 0.32 2406 1448 -0.29 -0.07 177.75 160.00 12/18/2026 No 11 64 None
JPM JPMorgan Chase & Company Options Chain 5.25 5.55 1.20 5.00 0.24 0.23 183 288 -0.29 -0.13 337.89 340.00 12/18/2026 No 8 69 None
APH Amphenol Corp - Class A Options Chain 2.00 2.35 0.60 2.50 0.24 0.47 443 2612 -0.27 -0.05 83.99 72.50 12/18/2026 No 8 55 None
CSX CSX Corp Options Chain 0.80 1.05 0.60 2.50 0.24 0.25 106 57 -0.30 -0.02 50.39 50.00 12/18/2026 No 7 55 None
VZ Verizon Communications Inc Options Chain 0.64 0.73 0.24 1.00 0.24 0.26 916 684 -0.26 -0.02 45.24 44.00 12/18/2026 No 7 64 None
T AT&T Inc Options Chain 0.42 0.45 0.24 1.00 0.24 0.28 349 589 -0.30 -0.01 21.37 21.00 12/18/2026 No 9 60 None
DAL Delta Air Lines Inc Options Chain 2.08 2.29 0.59 2.50 0.24 0.42 306 741 -0.26 -0.05 83.15 82.50 12/18/2026 No 10 58 None
BHP BHP Group Ltd Options Chain 1.60 1.75 0.58 2.50 0.23 0.36 2 0 -0.26 -0.04 77.91 75.00 12/18/2026 Yes 9 59 None
NVO Novo Nordisk Options Chain 0.90 0.99 0.58 2.50 0.23 0.33 756 718 -0.28 -0.02 40.13 40.00 12/18/2026 Yes 11 48 None
LEN Lennar Corp - Class A Options Chain 2.35 2.85 1.15 5.00 0.23 0.46 63 1148 -0.26 -0.06 85.90 85.00 12/18/2026 Yes 12 61 None
APA APA Corporation Options Chain 1.04 1.30 0.57 2.50 0.23 0.49 109 6 -0.24 -0.03 47.99 40.00 12/18/2026 Yes 10 63 None
LUV Southwest Airlines Company Options Chain 1.05 1.35 0.56 2.50 0.22 0.45 38 250 -0.26 -0.03 43.20 42.50 12/18/2026 No 10 54 None
UNH Unitedhealth Group Inc Options Chain 7.35 7.80 2.20 10.00 0.22 0.34 74 98 -0.25 -0.18 397.86 380.00 12/18/2026 No 10 58 None
MSFT Microsoft Corporation Options Chain 8.30 10.50 1.10 5.00 0.22 0.27 13 73 -0.29 -0.25 516.39 535.00 12/11/2026 No 14 74 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.30 1.60 0.55 2.50 0.22 0.41 8 12 -0.25 -0.03 66.09 57.50 12/18/2026 No 11 55 None
FIS Fidelity National Information Services Inc Options Chain 0.75 0.90 0.55 2.50 0.22 0.42 442 120 -0.28 -0.01 39.00 27.50 12/18/2026 Yes 13 67 None
VTRS Viatris Inc Options Chain 0.30 0.80 0.22 1.00 0.22 0.41 0 30 -0.30 -0.01 18.83 18.00 12/18/2026 Yes 6 51 None
BAC Bank Of America Corp Options Chain 0.76 0.81 0.21 1.00 0.21 0.26 766 1296 -0.27 -0.02 49.66 49.00 12/18/2026 No 11 73 None
SLB SLB Options Chain 0.97 1.07 0.52 2.50 0.21 0.37 173 1619 -0.25 -0.02 52.26 47.50 12/18/2026 No 10 64 None
EIX Edison International Options Chain 1.25 1.65 0.52 2.50 0.21 0.38 11 9 -0.27 -0.03 59.62 57.50 12/18/2026 No 13 74 None
ZTS Zoetis Inc - Class A Options Chain 1.75 2.35 1.02 5.00 0.20 0.47 229 99 -0.23 -0.05 82.50 80.00 12/18/2026 Yes 12 55 None
CDW CDW Corp Options Chain 2.90 6.30 1.02 5.00 0.20 0.46 0 1 -0.26 -0.11 149.77 155.00 12/18/2026 Yes 11 53 None
AU AngloGold Ashanti Plc. Options Chain 2.20 2.80 1.02 5.00 0.20 0.47 5 1 -0.27 -0.05 81.60 80.00 12/18/2026 Yes 16 64
Dividend Stock List
PRU Prudential Wealth Advisors Options Chain 1.85 2.35 1.02 5.00 0.20 0.25 10 16 -0.27 -0.03 120.20 120.00 12/18/2026 Yes 17 67 None
OXY Occidental Petroleum Corp Options Chain 0.97 1.10 0.50 2.50 0.20 0.38 224 55 -0.23 -0.03 60.39 52.50 12/18/2026 Yes 10 62 None
CVS CVS Health Corp Options Chain 1.29 1.51 0.50 2.50 0.20 0.32 516 161 -0.25 -0.04 89.58 75.00 12/18/2026 Yes 10 64 None
KO Coca-Cola Company Options Chain 1.13 1.32 0.50 2.50 0.20 0.20 151 257 -0.30 -0.03 94.90 92.50 12/18/2026 No 9 61 None
KMI Kinder Morgan Inc - Class P Options Chain 0.45 0.52 0.20 1.00 0.20 0.26 53 15 -0.26 -0.01 32.87 30.00 12/18/2026 No 10 59 None
ALLY Ally Financial Inc Options Chain 0.60 0.80 0.20 1.00 0.20 0.32 6 1 -0.27 -0.02 38.47 37.00 12/18/2026 No 11 70 None
MCD McDonald`s Corp Options Chain 2.78 3.20 0.99 5.00 0.20 0.22 344 523 -0.23 -0.08 261.09 265.00 12/18/2026 Yes 9 59 None
BMY Bristol-Myers Squibb Company Options Chain 1.00 1.14 0.49 2.50 0.20 0.31 101 19925 -0.25 -0.03 61.71 60.00 12/18/2026 No 14 70 None
WFC Wells Fargo & Company Options Chain 1.26 1.36 0.49 2.50 0.20 0.27 266 528 -0.26 -0.03 85.49 82.50 12/18/2026 No 13 75 None
WMT Walmart Inc Options Chain 1.99 2.10 0.97 5.00 0.19 0.33 1241 1796 -0.23 -0.06 124.30 120.00 12/18/2026 Yes 7 57 None
PEP PepsiCo Inc Options Chain 1.75 2.02 0.96 5.00 0.19 0.25 167 292 -0.27 -0.05 136.90 135.00 12/18/2026 No 12 64 None
SCHW Charles Schwab Corp Options Chain 1.17 1.28 0.48 2.50 0.19 0.27 128 85 -0.23 -0.03 89.07 87.50 12/18/2026 No 12 63 None
CFG Citizens Financial Group Inc Options Chain 0.90 1.25 0.48 2.50 0.19 0.28 3 1 -0.27 -0.03 64.37 62.50 12/18/2026 No 13 68 None
EQT EQT Corp Options Chain 0.97 1.21 0.48 2.50 0.19 0.31 83 24342 -0.29 -0.03 54.20 50.00 12/18/2026 No 11 60 None
CVX Chevron Corp Options Chain 3.00 3.30 0.95 5.00 0.19 0.32 1677 118 -0.21 -0.07 225.50 200.00 12/18/2026 No 11 69 None
PCG PG&E Corp Options Chain 0.30 0.41 0.19 1.00 0.19 0.51 89 27 -0.22 -0.01 13.25 12.00 12/18/2026 No 11 63 None
DVN Devon Energy Corp Options Chain 0.79 0.88 0.47 2.50 0.19 0.41 85 4 -0.23 -0.02 47.69 40.00 12/18/2026 Yes 10 57 None
JNJ Johnson & Johnson Options Chain 3.45 3.85 1.80 10.00 0.18 0.27 215 845 -0.24 -0.10 265.60 260.00 12/18/2026 No 9 66 None
ADM Archer Daniels Midland Company Options Chain 0.85 1.10 0.45 2.50 0.18 0.32 14 8 -0.22 -0.02 70.70 65.00 12/18/2026 No 14 48 None
LVS Las Vegas Sands Corp Options Chain 0.67 0.84 0.45 2.50 0.18 0.37 1037 1449 -0.23 -0.02 37.68 37.50 12/18/2026 No 9 49 None
F Ford Motor Company Options Chain 0.20 0.23 0.12 0.67 0.18 0.33 253 163 -0.23 0.00 12.29 11.67 12/18/2026 No 9 51 None
DOW Dow Inc Options Chain 0.64 0.71 0.43 2.50 0.17 0.38 278 20 -0.25 -0.01 33.87 30.00 12/18/2026 No 8 50 None
AWK American Water Works Co. Inc Options Chain 1.35 1.95 0.85 5.00 0.17 0.23 4 3 -0.24 -0.04 146.00 140.00 12/18/2026 No 10 65 None
STM ST Microelectronics Options Chain 1.10 1.25 0.83 5.00 0.17 0.55 20 0 -0.22 -0.03 49.21 40.00 12/18/2026 No 13 53 None
IP International Paper Company Options Chain 0.50 0.90 0.40 2.50 0.16 0.37 20 34 -0.23 -0.01 35.12 32.50 12/18/2026 No 6 61 None
FAST Fastenal Company Options Chain 0.65 0.90 0.38 2.50 0.15 0.29 6 10 -0.24 -0.02 52.08 50.00 12/18/2026 No 13 53 None
DUK Duke Energy Corp Options Chain 0.65 1.55 0.75 5.00 0.15 0.23 37 107 -0.16 -0.02 126.21 120.00 12/18/2026 Yes 10 75 None
UNM Unum Group Options Chain 1.10 1.35 0.75 5.00 0.15 0.32 56 33 -0.24 -0.04 82.75 70.00 12/18/2026 Yes 10 70 None
KEY Keycorp Options Chain 0.20 0.30 0.15 1.00 0.15 0.26 55 656 -0.20 0.00 21.15 20.00 12/18/2026 No 10 58 None
PR Permian Resources Corp - Class A Options Chain 0.20 0.55 0.15 1.00 0.15 0.42 2 0 -0.21 -0.01 24.02 20.00 12/18/2026 Yes 13 67 None
EPD Enterprise Products Partners L P Options Chain 0.27 0.40 0.15 1.00 0.15 0.20 4 3 -0.22 -0.01 37.58 35.00 12/18/2026 No 11 68 None