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
EPD Enterprise Products Partners L P Options Chain 0.43 0.99 0.34 1.00 0.34 0.21 0 15 -0.22 0.00 38.47 37.00 6/18/2026 Yes 10 68 None
GLW Corning Inc Options Chain 7.45 7.95 1.70 5.00 0.34 0.65 14 97 -0.30 -0.13 154.10 135.00 6/18/2026 Yes 8 55 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.65 13.25 3.02 10.00 0.30 0.47 110 234 -0.29 -0.24 392.34 360.00 6/18/2026 No 23 66
Dividend Stock List
ORCL Oracle Corp Options Chain 6.90 7.10 1.45 5.00 0.29 0.65 200 94 -0.26 -0.14 165.76 145.00 6/18/2026 Yes 9 66 None
HPE Hewlett Packard Enterprise Company Options Chain 0.92 0.99 0.28 1.00 0.28 0.55 3082 2 -0.25 -0.02 27.95 25.00 6/18/2026 Yes 8 52 None
APH Amphenol Corp - Class A Options Chain 5.60 5.90 1.40 5.00 0.28 0.51 63 29 -0.29 -0.11 146.60 140.00 6/18/2026 Yes 9 58 None
CARR Carrier Global Corp Options Chain 1.85 2.15 0.70 2.50 0.28 0.45 856 11 -0.29 -0.04 61.97 57.50 6/18/2026 Yes 8 60 None
RRC Range Resources Corp Options Chain 0.95 1.15 0.27 1.00 0.27 0.38 11 200 -0.27 -0.02 42.94 40.00 6/18/2026 Yes 17 63 None
ALLY Ally Financial Inc Options Chain 1.05 1.15 0.27 1.00 0.27 0.35 11 83 -0.28 -0.02 44.41 41.00 6/18/2026 No 9 66 None
QCOM Qualcomm Inc Options Chain 4.45 4.60 1.33 5.00 0.27 0.48 3321 2443 -0.26 -0.09 150.00 140.00 6/18/2026 Yes 9 64 None
SLB SLB Options Chain 1.58 1.66 0.65 2.50 0.26 0.39 1624 294 -0.29 -0.03 55.65 52.50 6/18/2026 No 9 66 None
OXY Occidental Petroleum Corp Options Chain 1.54 1.65 0.63 2.50 0.25 0.42 193 119 -0.25 -0.03 58.61 55.00 6/18/2026 Yes 7 51 None
HPQ HP Inc Options Chain 0.64 0.69 0.25 1.00 0.25 0.54 10 184 -0.26 -0.01 19.75 18.00 6/18/2026 Yes 13 51 None
LYB LyondellBasell Industries NV - Class A Options Chain 1.95 2.25 0.62 2.50 0.25 0.51 1 2 -0.24 -0.04 71.34 65.00 6/18/2026 Yes 7 58 None
BHP BHP Group Ltd Options Chain 1.85 2.05 0.62 2.50 0.25 0.36 6 0 -0.28 -0.04 78.20 72.50 6/18/2026 No 12 26 None
V Visa Inc - Class A Options Chain 5.45 5.85 1.22 5.00 0.24 0.27 35 63 -0.26 -0.12 309.30 295.00 6/18/2026 Yes 12 71 None
C Citigroup Inc Options Chain 3.20 3.30 1.22 5.00 0.24 0.34 343 119 -0.30 -0.06 128.51 120.00 6/18/2026 No 14 77 None
CSCO Cisco Systems Inc Options Chain 1.96 2.14 0.61 2.50 0.24 0.36 53 124 -0.26 -0.05 86.86 82.50 6/18/2026 Yes 7 60 None
NXPI NXP Semiconductors NV Options Chain 7.20 8.00 2.40 10.00 0.24 0.46 61 47 -0.24 -0.18 267.81 260.00 6/18/2026 Yes 9 66 None
WFC Wells Fargo & Company Options Chain 1.78 1.83 0.59 2.50 0.24 0.30 19 162 -0.30 -0.03 81.50 77.50 6/18/2026 No 13 74 None
VZ Verizon Communications Inc Options Chain 0.74 0.80 0.23 1.00 0.23 0.23 139 1134 -0.26 -0.02 47.24 45.00 6/18/2026 No 8 64 None
CMCSA Comcast Corp - Class A Options Chain 0.54 0.56 0.23 1.00 0.23 0.29 2060 27 -0.29 -0.01 27.64 26.00 6/18/2026 No 10 53 None
WMT Walmart Inc Options Chain 2.61 2.71 1.11 5.00 0.22 0.32 98 39 -0.25 -0.05 127.59 120.00 6/18/2026 Yes 8 58 None
JPM JPMorgan Chase & Company Options Chain 5.45 5.80 1.10 5.00 0.22 0.26 6 13 -0.28 -0.13 311.45 295.00 6/18/2026 No 12 79 None
DAL Delta Air Lines Inc Options Chain 1.76 1.90 0.55 2.50 0.22 0.46 131 2 -0.25 -0.04 67.22 60.00 6/18/2026 No 16 66 None
BMY Bristol-Myers Squibb Company Options Chain 1.18 1.23 0.54 2.50 0.22 0.31 75 59 -0.29 -0.03 58.22 55.00 6/18/2026 Yes 11 52 None
MPC Marathon Petroleum Corp Options Chain 5.40 5.90 2.15 10.00 0.21 0.42 83 11 -0.24 -0.12 232.59 220.00 6/18/2026 Yes 11 63 None
BK Bank Of New York Mellon Corp Options Chain 2.50 2.85 1.05 5.00 0.21 0.28 16 1 -0.27 -0.06 133.54 125.00 6/18/2026 No 18 74 None
RIO Rio Tinto plc Options Chain 2.10 2.40 0.52 2.50 0.21 0.34 101 37 -0.28 -0.05 98.49 92.50 6/18/2026 No 8 63 None
DOW Dow Inc Options Chain 1.07 1.15 0.51 2.50 0.20 0.50 28 22 -0.23 -0.02 38.01 35.00 6/18/2026 No 6 49 None
PAAS Pan American Silver Corp Options Chain 1.65 1.80 1.00 5.00 0.20 0.59 21 5 -0.24 -0.04 52.35 45.00 6/18/2026 Yes 14 55 None
UL Unilever plc Options Chain 1.00 1.10 0.50 2.50 0.20 0.24 6 0 -0.29 -0.02 57.69 55.00 6/18/2026 No 8 58 None
FAST Fastenal Company Options Chain 0.75 0.85 0.25 1.25 0.20 0.30 1 1 -0.26 -0.02 44.68 41.25 6/18/2026 No 16 56 None
KMI Kinder Morgan Inc - Class P Options Chain 0.44 0.54 0.20 1.00 0.20 0.26 1 0 -0.26 -0.01 31.79 30.00 6/18/2026 No 13 67 None
XOM Exxon Mobil Corp Options Chain 2.60 2.77 0.99 5.00 0.20 0.32 150 110 -0.24 -0.05 148.19 140.00 6/18/2026 Yes 9 66 None
GM General Motors Company Options Chain 1.54 1.64 0.48 2.50 0.19 0.38 27 15 -0.23 -0.04 78.95 70.00 6/18/2026 Yes 11 67 None
T AT&T Inc Options Chain 0.43 0.45 0.19 1.00 0.19 0.25 92 40 -0.26 -0.01 26.06 25.00 6/18/2026 No 9 57 None
BAC Bank Of America Corp Options Chain 1.02 1.05 0.57 3.00 0.19 0.27 257 140 -0.29 -0.02 52.66 50.00 6/18/2026 No 13 74 None
FCX Freeport-McMoRan Inc Options Chain 1.21 1.27 0.56 3.00 0.19 0.48 97 146 -0.20 -0.03 58.21 50.00 6/18/2026 No 14 62 None
APA APA Corporation Options Chain 1.03 1.16 0.46 2.50 0.18 0.54 0 1 -0.23 -0.03 38.65 35.00 6/18/2026 Yes 9 53 None
UNH Unitedhealth Group Inc Options Chain 5.80 6.15 1.83 10.00 0.18 0.32 349 938 -0.25 -0.15 366.77 340.00 6/18/2026 No 11 66 None
INFY Infosys Ltd Options Chain 0.15 0.50 0.18 1.00 0.18 0.44 2 0 -0.23 0.00 12.25 11.00 6/18/2026 No 16 52 None
EXC Exelon Corp Options Chain 0.55 0.70 0.18 1.00 0.18 0.23 0 2 -0.24 -0.01 47.04 44.00 6/18/2026 Yes 8 61 None
BCS Barclays plc Options Chain 0.45 0.50 0.18 1.00 0.18 0.40 2510 1 -0.24 -0.01 23.00 21.00 6/18/2026 Yes 15 59 None
ERIC Telefonaktiebolaget L M Ericsson Options Chain 0.20 0.35 0.18 1.00 0.18 0.45 9 0 -0.30 -0.01 11.30 11.00 6/18/2026 No 15 56 None
XYL Xylem Inc Options Chain 2.05 2.40 0.88 5.00 0.18 0.32 22 3 -0.26 -0.05 123.51 110.00 6/18/2026 Yes 14 61 None
OVV Ovintiv Inc Options Chain 1.35 1.75 0.85 5.00 0.17 0.43 4 1 -0.27 -0.03 57.97 55.00 6/18/2026 Yes 10 73 None
GIS General Mills Inc Options Chain 0.60 0.70 0.42 2.50 0.17 0.30 301 21 -0.28 -0.02 34.75 32.50 6/18/2026 No 10 61 None
ETR Entergy Corp Options Chain 1.60 2.30 0.80 5.00 0.16 0.25 1 1 -0.29 -0.03 113.16 110.00 6/18/2026 Yes 7 64 None
KO Coca-Cola Company Options Chain 0.78 0.87 0.39 2.50 0.16 0.21 396 132 -0.27 -0.02 75.44 75.00 6/18/2026 Yes 10 69 None
TFC Truist Financial Corporation Options Chain 0.75 0.80 0.38 2.50 0.15 0.29 2 5 -0.22 -0.01 51.15 47.50 6/18/2026 No 13 76 None
F Ford Motor Company Options Chain 0.23 0.25 0.15 1.00 0.15 0.39 228 7 -0.22 0.00 12.40 11.00 6/18/2026 Yes 8 48 None
IVZ Invesco Ltd Options Chain 0.45 0.60 0.15 1.00 0.15 0.41 1 1 -0.24 -0.01 25.86 23.00 6/18/2026 Yes 8 58 None