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
ENTG Entegris Inc Options Chain 2.45 4.30 0.90 2.50 0.36 0.56 2 0 -0.27 -0.07 80.73 72.50 6/20/2025 Yes 10 16 None
TECK Teck Resources Ltd - Class B - Class B (Sub Voting) Options Chain 1.05 1.40 0.30 1.00 0.30 0.49 2 0 -0.26 -0.02 35.58 32.00 6/20/2025 No 11 69 None
MU Micron Technology Inc Options Chain 3.35 3.45 0.74 2.50 0.30 0.55 91 797 -0.28 -0.06 79.78 72.50 6/20/2025 No 17 62 None
GFI Gold Fields Ltd Options Chain 0.70 0.80 0.28 1.00 0.28 0.47 91 100 -0.27 -0.01 21.80 20.00 6/20/2025 Yes 13 59 None
LRCX Lam Research Corp Options Chain 2.41 2.56 0.28 1.00 0.28 0.45 8 117 -0.29 -0.04 71.42 66.00 6/20/2025 No 12 63 None
GM General Motors Company Options Chain 1.48 1.53 0.28 1.00 0.28 0.40 31 28 -0.30 -0.02 47.11 44.00 6/20/2025 No 13 67 None
AMAT Applied Materials Inc Options Chain 5.25 5.60 1.38 5.00 0.28 0.45 37 22 -0.29 -0.09 151.55 140.00 6/20/2025 Yes 16 62 None
MSFT Microsoft Corporation Options Chain 8.05 9.20 1.33 5.00 0.27 0.30 122 732 -0.27 -0.16 391.85 370.00 6/20/2025 Yes 14 70 None
WMT Walmart Inc Options Chain 2.50 2.57 0.87 3.33 0.26 0.33 1959 180 -0.30 -0.04 95.09 90.00 6/20/2025 Yes 9 58 None
DELL Dell Technologies Inc - Class C Options Chain 3.75 3.85 1.30 5.00 0.26 0.57 45 23 -0.26 -0.07 94.89 85.00 6/20/2025 Yes 17 64 None
TPR Tapestry Inc Options Chain 2.45 2.60 0.65 2.50 0.26 0.51 0 20 -0.28 -0.04 68.88 62.50 6/20/2025 Yes 8 66 None
FCX Freeport-McMoRan Inc Options Chain 1.10 1.16 0.26 1.00 0.26 0.45 17 2308 -0.26 -0.02 37.35 34.00 6/20/2025 Yes 13 56 None
ZTS Zoetis Inc - Class A Options Chain 3.90 4.10 1.28 5.00 0.26 0.33 80 44 -0.29 -0.07 153.47 145.00 6/20/2025 Yes 13 59 None
INTC Intel Corp Options Chain 0.65 0.66 0.25 1.00 0.25 0.51 1464 983 -0.26 -0.01 20.05 18.00 6/20/2025 Yes 5 48 None
EQNR Equinor ASA Options Chain 0.55 0.65 0.25 1.00 0.25 0.35 86 1 -0.29 -0.01 22.66 21.00 6/20/2025 Yes 12 68 None
UNH Unitedhealth Group Inc Options Chain 9.35 9.85 2.38 10.00 0.24 0.34 97 131 -0.26 -0.17 418.64 390.00 6/20/2025 No 12 66 None
NEE NextEra Energy Inc Options Chain 1.50 1.60 0.59 2.50 0.24 0.30 144 26 -0.30 -0.02 66.09 62.50 6/20/2025 No 9 65 None
NKE Nike Inc - Class B Options Chain 1.60 1.67 0.58 2.50 0.23 0.43 252 551 -0.26 -0.03 57.62 52.50 6/20/2025 No 16 60 None
RIO Rio Tinto plc Options Chain 1.30 1.55 0.58 2.50 0.23 0.31 169 5 -0.28 -0.03 60.56 57.50 6/20/2025 No 15 76 None
EPD Enterprise Products Partners L P Options Chain 0.42 0.64 0.23 1.00 0.23 0.28 34 5 -0.19 0.00 31.22 29.00 6/20/2025 Yes 12 67 None
RF Regions Financial Corp Options Chain 0.50 0.60 0.23 1.00 0.23 0.34 2 0 -0.30 -0.01 20.28 19.00 6/20/2025 No 13 70 None
ORCL Oracle Corp Options Chain 4.35 4.50 1.15 5.00 0.23 0.49 88 57 -0.25 -0.09 138.49 125.00 6/20/2025 Yes 11 64 None
AEM Agnico Eagle Mines Ltd Options Chain 2.75 2.90 1.15 5.00 0.23 0.35 7 65 -0.26 -0.05 118.51 110.00 6/20/2025 No 11 68 None
C Citigroup Inc Options Chain 1.48 1.51 0.57 2.50 0.23 0.36 4648 427 -0.24 -0.02 68.43 62.50 6/20/2025 No 17 85 None
WFC Wells Fargo & Company Options Chain 1.55 1.78 0.56 2.50 0.22 0.35 87 131 -0.28 -0.03 69.73 65.00 6/20/2025 No 12 73 None
QCOM Qualcomm Inc Options Chain 4.00 4.20 1.11 5.00 0.22 0.42 156 456 -0.25 -0.07 148.56 135.00 6/20/2025 Yes 14 67 None
BAC Bank Of America Corp Options Chain 0.88 0.91 0.22 1.00 0.22 0.33 203 1063 -0.27 -0.02 39.69 37.00 6/20/2025 No 13 67 None
OXY Occidental Petroleum Corp Options Chain 1.20 1.33 0.54 2.50 0.22 0.41 301 152 -0.28 -0.02 40.36 37.50 6/20/2025 Yes 10 66 None
TSM Taiwan Semiconductor Manufacturing Options Chain 4.10 4.25 1.05 5.00 0.21 0.41 374 196 -0.24 -0.08 165.10 150.00 6/20/2025 No 24 78
Dividend Stock List
HAL Halliburton Company Options Chain 0.62 0.68 0.21 1.00 0.21 0.44 170 14 -0.28 -0.01 20.85 19.00 6/20/2025 No 13 57 None
TGT Target Corp Options Chain 2.93 3.15 1.04 5.00 0.21 0.52 1007 148 -0.24 -0.05 96.58 85.00 6/20/2025 Yes 13 66 None
JPM JPMorgan Chase & Company Options Chain 5.00 5.20 1.03 5.00 0.21 0.30 219 143 -0.26 -0.10 243.55 230.00 6/20/2025 No 14 78 None
VZ Verizon Communications Inc Options Chain 0.62 0.65 0.20 1.00 0.20 0.23 993 398 -0.25 -0.02 41.91 40.00 6/20/2025 No 14 65 None
STM ST Microelectronics Options Chain 0.65 0.75 0.20 1.00 0.20 0.47 47 0 -0.25 -0.01 23.28 21.00 6/20/2025 Yes 16 56 None
CVS CVS Health Corp Options Chain 1.34 1.46 0.49 2.50 0.20 0.37 17 12 -0.25 -0.03 65.32 60.00 6/20/2025 Yes 12 66 None
NVO Novo Nordisk Options Chain 1.79 1.86 0.95 5.00 0.19 0.51 59 41 -0.23 -0.04 62.08 55.00 6/20/2025 Yes 15 75 None
MO Altria Group Inc Options Chain 0.99 1.12 0.47 2.50 0.19 0.26 69 21 -0.30 -0.02 58.26 55.00 6/20/2025 Yes 13 69 None
NEM Newmont Corp Options Chain 1.16 1.21 0.46 2.50 0.18 0.34 3049 154 -0.25 -0.02 53.94 50.00 6/20/2025 No 16 62 None
USB U.S. Bancorp. Options Chain 0.88 0.94 0.46 2.50 0.18 0.32 11 23 -0.28 -0.02 39.92 37.50 6/20/2025 No 15 70 None
PEP PepsiCo Inc Options Chain 1.82 1.93 0.90 5.00 0.18 0.24 325 153 -0.24 -0.03 133.38 125.00 6/20/2025 No 13 62 None
EA Electronic Arts Inc Options Chain 2.95 3.40 0.90 5.00 0.18 0.35 17 9 -0.26 -0.07 146.60 135.00 6/20/2025 Yes 15 60 None
CFG Citizens Financial Group Inc Options Chain 0.75 0.90 0.45 2.50 0.18 0.44 151 0 -0.21 -0.01 37.06 32.50 6/20/2025 No 16 74 None
KR Kroger Company Options Chain 1.11 1.19 0.45 2.50 0.18 0.29 87 62 -0.23 -0.02 70.00 65.00 6/20/2025 No 12 63 None
HPE Hewlett Packard Enterprise Company Options Chain 0.41 0.44 0.18 1.00 0.18 0.53 79 6 -0.22 -0.01 16.24 14.00 6/20/2025 Yes 20 70 None
F Ford Motor Company Options Chain 0.28 0.33 0.21 1.17 0.18 0.44 20518 3109 -0.25 0.00 10.04 9.02 6/20/2025 Yes 15 63 None
BHP BHP Group Ltd Options Chain 0.90 1.00 0.43 2.50 0.17 0.31 12 2 -0.25 -0.02 48.21 45.00 6/20/2025 No 14 25 None
T AT&T Inc Options Chain 0.45 0.47 0.17 1.00 0.17 0.29 409 565 -0.23 -0.01 26.81 25.00 6/20/2025 No 9 66 None
CSCO Cisco Systems Inc Options Chain 0.98 1.03 0.42 2.50 0.17 0.32 636 218 -0.24 -0.02 56.71 52.50 6/20/2025 Yes 9 61 None
XOM Exxon Mobil Corp Options Chain 1.71 1.83 0.83 5.00 0.17 0.30 600 348 -0.23 -0.03 108.57 100.00 6/20/2025 No 11 74 None
PG Procter & Gamble Company Options Chain 1.97 2.52 0.82 5.00 0.16 0.20 118 177 -0.29 -0.06 161.02 155.00 6/20/2025 Yes 12 71 None
MRK Merck & Co Inc Options Chain 1.52 1.64 0.81 5.00 0.16 0.36 1748 234 -0.23 -0.03 82.74 75.00 6/20/2025 Yes 14 73 None
BMY Bristol-Myers Squibb Company Options Chain 1.07 1.16 0.80 5.00 0.16 0.33 449 38 -0.28 -0.02 47.90 45.00 6/20/2025 Yes 9 54 None
DVN Devon Energy Corp Options Chain 0.74 0.77 0.38 2.50 0.15 0.48 9 3 -0.22 -0.02 31.35 27.50 6/20/2025 Yes 8 66 None
GOLD Barrick Gold Corp Options Chain 0.29 0.33 0.15 1.00 0.15 0.37 487 2522 -0.22 -0.01 19.05 17.00 6/20/2025 Yes 17 64 None
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