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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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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | Nike Inc - Class B | Options Chain | 2.25 | 2.72 | 0.79 | 1.00 | 0.79 | 0.42 | 0 | 3 | -0.29 | -0.05 | 77.71 | 73.00 | 4/25/2025 | Yes | 13 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 1.40 | 1.79 | 0.59 | 1.00 | 0.59 | 0.26 | 15 | 0 | -0.29 | -0.04 | 95.92 | 90.00 | 4/25/2025 | No | 9 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.94 | 2.44 | 1.26 | 2.50 | 0.50 | 0.20 | 1 | 0 | -0.28 | -0.06 | 165.83 | 160.00 | 4/25/2025 | Yes | 9 | 69 | None | |
| GM | General Motors Company | Options Chain | 1.13 | 1.35 | 0.50 | 1.00 | 0.50 | 0.38 | 12 | 0 | -0.28 | -0.03 | 47.20 | 44.00 | 4/25/2025 | Yes | 16 | 67 | None | |
| IBKR | Interactive Brokers Group Inc - Class A | Options Chain | 6.00 | 6.60 | 2.43 | 5.00 | 0.49 | 0.51 | 5 | 8 | -0.28 | -0.15 | 189.70 | 175.00 | 4/17/2025 | Yes | 9 | 72 | None | |
| VST | Vistra Corp | Options Chain | 4.80 | 5.15 | 0.90 | 2.50 | 0.36 | 0.74 | 285 | 82 | -0.25 | -0.12 | 126.85 | 100.00 | 4/17/2025 | No | 12 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.60 | 10.85 | 1.78 | 5.00 | 0.36 | 0.30 | 88 | 9 | -0.30 | -0.18 | 396.89 | 380.00 | 4/25/2025 | Yes | 15 | 69 | None | |
| AMAT | Applied Materials Inc | Options Chain | 4.05 | 5.75 | 1.75 | 5.00 | 0.35 | 0.46 | 2 | 1 | -0.28 | -0.10 | 154.99 | 140.00 | 4/25/2025 | No | 16 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 2.38 | 2.90 | 0.33 | 1.00 | 0.33 | 0.40 | 2 | 0 | -0.30 | -0.04 | 88.04 | 82.00 | 4/25/2025 | No | 13 | 71 | None | |
| GE | General Electric Company | Options Chain | 3.95 | 4.70 | 1.53 | 5.00 | 0.31 | 0.38 | 0 | 3 | -0.25 | -0.10 | 196.05 | 180.00 | 4/25/2025 | Yes | 7 | 65 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.50 | 1.60 | 0.75 | 2.50 | 0.30 | 0.28 | 171 | 34 | -0.17 | -0.01 | 63.94 | 60.00 | 4/17/2025 | Yes | 15 | 75 | None | |
| SWKS | Skyworks Solutions Inc | Options Chain | 1.20 | 1.95 | 0.73 | 2.50 | 0.29 | 0.37 | 16 | 11 | -0.26 | -0.04 | 66.90 | 62.50 | 4/17/2025 | No | 16 | 61 |
Dividend Stock List |
|
| STM | ST Microelectronics | Options Chain | 0.75 | 0.90 | 0.28 | 1.00 | 0.28 | 0.47 | 0 | 15 | -0.29 | -0.02 | 25.43 | 24.00 | 4/17/2025 | No | 16 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 5.30 | 6.40 | 1.35 | 5.00 | 0.27 | 0.51 | 1 | 0 | -0.30 | -0.11 | 150.94 | 140.00 | 4/25/2025 | Yes | 10 | 61 | None | |
| RF | Regions Financial Corp | Options Chain | 0.30 | 0.65 | 0.25 | 1.00 | 0.25 | 0.38 | 0 | 2 | -0.21 | -0.01 | 21.95 | 20.00 | 4/17/2025 | Yes | 14 | 69 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.75 | 0.85 | 0.25 | 1.00 | 0.25 | 0.37 | 1 | 0 | -0.24 | -0.02 | 42.26 | 39.00 | 4/17/2025 | No | 13 | 66 | None | |
| V | Visa Inc - Class A | Options Chain | 4.45 | 8.10 | 1.20 | 5.00 | 0.24 | 0.25 | 0 | 1 | -0.29 | -0.13 | 352.35 | 330.00 | 4/25/2025 | Yes | 12 | 68 | None | |
| WES | Western Midstream Partners LP | Options Chain | 0.60 | 0.75 | 0.23 | 1.00 | 0.23 | 0.29 | 35 | 0 | -0.27 | -0.02 | 38.77 | 36.00 | 4/17/2025 | No | 9 | 69 | None | |
| STLD | Steel Dynamics Inc | Options Chain | 2.65 | 3.10 | 1.13 | 5.00 | 0.23 | 0.42 | 1 | 0 | -0.26 | -0.08 | 129.50 | 115.00 | 4/17/2025 | No | 9 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 4.60 | 7.05 | 1.13 | 5.00 | 0.23 | 0.52 | 1 | 2 | -0.27 | -0.12 | 183.39 | 160.00 | 4/25/2025 | Yes | 23 | 72 |
Dividend Stock List |
|
| NDAQ | Nasdaq Inc - 144A | Options Chain | 1.25 | 1.45 | 0.55 | 2.50 | 0.22 | 0.29 | 24 | 2 | -0.28 | -0.03 | 76.17 | 72.50 | 4/17/2025 | No | 7 | 61 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.90 | 1.05 | 0.53 | 2.50 | 0.21 | 0.29 | 5 | 32 | -0.23 | -0.01 | 50.71 | 47.50 | 4/17/2025 | No | 14 | 66 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.05 | 1.20 | 0.53 | 2.50 | 0.21 | 0.46 | 6 | 2 | -0.27 | -0.03 | 46.16 | 40.00 | 4/17/2025 | No | 10 | 59 | None | |
| EQNR | Equinor ASA | Options Chain | 0.45 | 0.55 | 0.20 | 1.00 | 0.20 | 0.39 | 4 | 6 | -0.24 | -0.02 | 22.37 | 21.13 | 4/17/2025 | No | 13 | 69 | None | |
| ING | ING Groep N.V. | Options Chain | 0.35 | 0.45 | 0.20 | 1.00 | 0.20 | 0.32 | 22 | 0 | -0.28 | -0.01 | 20.00 | 19.00 | 4/17/2025 | No | 11 | 59 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.35 | 0.20 | 1.00 | 0.20 | 0.31 | 1 | 0 | -0.30 | -0.01 | 15.80 | 15.00 | 4/17/2025 | No | 13 | 59 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.15 | 1.40 | 0.48 | 2.50 | 0.19 | 0.34 | 20 | 0 | -0.23 | -0.04 | 81.07 | 75.00 | 4/17/2025 | Yes | 11 | 62 | None | |
| DGX | Quest Diagnostics Inc | Options Chain | 2.60 | 3.90 | 0.93 | 5.00 | 0.19 | 0.27 | 0 | 6 | -0.30 | -0.07 | 171.67 | 165.00 | 4/17/2025 | No | 11 | 66 | None | |
| GIS | General Mills Inc | Options Chain | 0.85 | 1.05 | 0.45 | 2.50 | 0.18 | 0.33 | 40 | 12 | -0.23 | -0.02 | 62.22 | 57.50 | 4/17/2025 | Yes | 16 | 68 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.20 | 1.55 | 0.45 | 2.50 | 0.18 | 0.27 | 100 | 2 | -0.28 | -0.04 | 84.70 | 80.00 | 4/17/2025 | No | 16 | 54 | None | |
| PEG | Public Service Enterprise Group Inc | Options Chain | 1.00 | 1.25 | 0.43 | 2.50 | 0.17 | 0.30 | 1225 | 500 | -0.23 | -0.02 | 78.20 | 72.50 | 4/17/2025 | No | 8 | 71 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 1.40 | 1.55 | 0.83 | 5.00 | 0.17 | 0.35 | 14 | 16 | -0.21 | -0.05 | 99.95 | 90.00 | 4/17/2025 | No | 12 | 72 | None | |
| EA | Electronic Arts Inc | Options Chain | 2.20 | 2.40 | 0.83 | 5.00 | 0.17 | 0.29 | 43 | 1016 | -0.27 | -0.07 | 136.79 | 130.00 | 4/17/2025 | No | 15 | 63 | None |
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