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
GFI Gold Fields Ltd Options Chain 0.55 0.75 0.30 1.00 0.30 0.44 2 5 -0.26 -0.01 22.78 21.00 5/16/2025 No 11 59 None
INTC Intel Corp Options Chain 0.85 0.88 0.29 1.00 0.29 0.59 1834 429 -0.27 -0.02 22.05 20.00 5/16/2025 Yes 6 46 None
FCX Freeport-McMoRan Inc Options Chain 1.07 1.11 0.28 1.00 0.28 0.46 261 18 -0.27 -0.02 38.31 35.00 5/16/2025 Yes 11 55 None
LRCX Lam Research Corp Options Chain 2.43 2.69 0.55 2.00 0.28 0.47 238 17 -0.30 -0.05 72.83 68.00 5/16/2025 Yes 12 62 None
MSFT Microsoft Corporation Options Chain 8.10 8.35 1.35 5.00 0.27 0.30 86 122 -0.30 -0.18 382.19 365.00 5/16/2025 Yes 15 69 None
GM General Motors Company Options Chain 1.35 1.41 0.27 1.00 0.27 0.44 8 7096 -0.28 -0.03 47.42 44.00 5/16/2025 Yes 16 67 None
SWKS Skyworks Solutions Inc Options Chain 1.85 2.00 0.65 2.50 0.26 0.45 0 1 -0.28 -0.04 64.62 60.00 5/16/2025 Yes 16 62
Dividend Stock List
VZ Verizon Communications Inc Options Chain 0.69 0.72 0.24 1.00 0.24 0.24 346 64 -0.25 -0.01 45.38 43.00 5/16/2025 Yes 12 72 None
TSM Taiwan Semiconductor Manufacturing Options Chain 4.05 4.30 1.18 5.00 0.24 0.43 302 230 -0.25 -0.10 168.64 155.00 5/16/2025 Yes 23 74
Dividend Stock List
GE General Electric Company Options Chain 4.65 4.85 1.18 5.00 0.24 0.38 106 11 -0.27 -0.12 203.79 190.00 5/16/2025 Yes 7 65 None
HAL Halliburton Company Options Chain 0.57 0.60 0.23 1.00 0.23 0.36 44 37 -0.28 -0.01 25.55 24.00 5/16/2025 Yes 13 67 None
T AT&T Inc Options Chain 0.58 0.61 0.23 1.00 0.23 0.30 142 614 -0.29 -0.01 28.48 27.00 5/16/2025 Yes 10 65 None
FITB Fifth Third Bancorp Options Chain 0.85 0.90 0.23 1.00 0.23 0.33 34 0 -0.30 -0.02 38.85 37.00 5/16/2025 Yes 12 72 None
JPM JPMorgan Chase & Company Options Chain 4.75 4.95 1.15 5.00 0.23 0.31 69 61 -0.28 -0.09 243.66 230.00 5/16/2025 Yes 16 78 None
NEE NextEra Energy Inc Options Chain 1.41 1.46 0.56 2.50 0.22 0.30 34 29 -0.29 -0.04 70.92 67.50 5/16/2025 Yes 11 64 None
QCOM Qualcomm Inc Options Chain 3.45 3.55 1.11 5.00 0.22 0.43 31 45 -0.23 -0.09 153.05 140.00 5/16/2025 Yes 16 65 None
MCD McDonald`s Corp Options Chain 4.20 4.40 1.10 5.00 0.22 0.24 44 34 -0.25 -0.12 313.63 300.00 5/16/2025 Yes 7 66 None
EPD Enterprise Products Partners L P Options Chain 0.46 0.51 0.22 1.00 0.22 0.19 3 4 -0.30 -0.01 34.26 33.00 5/16/2025 Yes 12 67 None
NEM Newmont Corp Options Chain 1.06 1.11 0.54 2.50 0.22 0.38 38 187 -0.26 -0.03 48.29 45.00 5/16/2025 Yes 10 63 None
PNR Pentair plc Options Chain 1.50 1.65 0.53 2.50 0.21 0.31 3 0 -0.26 -0.04 88.04 82.50 5/16/2025 Yes 10 65 None
SCHW Charles Schwab Corp Options Chain 1.60 1.75 0.53 2.50 0.21 0.36 75 20 -0.27 -0.04 77.67 72.50 5/16/2025 Yes 10 58 None
ORCL Oracle Corp Options Chain 2.60 2.91 1.05 5.00 0.21 0.39 165 104 -0.23 -0.07 141.94 130.00 5/16/2025 No 10 63 None
MU Micron Technology Inc Options Chain 2.34 2.38 1.05 5.00 0.21 0.50 599 550 -0.24 -0.06 88.71 80.00 5/16/2025 No 17 59 None
PM Philip Morris International Inc Options Chain 2.70 2.85 1.05 5.00 0.21 0.29 10 161 -0.27 -0.07 158.09 150.00 5/16/2025 Yes 8 66 None
SLB SLB Options Chain 0.88 0.93 0.51 2.50 0.20 0.33 561 89 -0.28 -0.02 42.20 40.00 5/16/2025 Yes 14 69 None
NVO Novo Nordisk Options Chain 1.76 1.83 0.96 5.00 0.19 0.55 315 34 -0.22 -0.05 68.03 60.00 5/16/2025 Yes 14 72 None
DVN Devon Energy Corp Options Chain 0.81 0.85 0.48 2.50 0.19 0.37 83 9 -0.26 -0.02 37.66 35.00 5/16/2025 Yes 9 63 None
WFC Wells Fargo & Company Options Chain 1.09 1.30 0.45 2.50 0.18 0.38 92 53 -0.23 -0.03 71.31 65.00 5/16/2025 Yes 16 73 None
WMT Walmart Inc Options Chain 1.31 1.41 0.45 2.50 0.18 0.32 432 1284 -0.23 -0.04 88.83 82.50 5/16/2025 No 9 57 None
HBAN Huntington Bancshares Inc Options Chain 0.25 0.35 0.18 1.00 0.18 0.34 83 0 -0.26 -0.01 15.05 14.00 5/16/2025 Yes 12 66 None
HPQ HP Inc Options Chain 0.43 0.47 0.18 1.00 0.18 0.31 266 7 -0.26 -0.02 27.87 26.00 5/16/2025 No 12 51 None
SBUX Starbucks Corp Options Chain 2.09 2.14 0.89 5.00 0.18 0.41 92 51 -0.25 -0.06 98.23 90.00 5/16/2025 Yes 10 52 None
NKE Nike Inc - Class B Options Chain 0.90 0.94 0.43 2.50 0.17 0.32 168 18 -0.22 -0.03 64.76 60.00 5/16/2025 No 15 57 None
TGT Target Corp Options Chain 1.65 1.75 0.85 5.00 0.17 0.36 65 29 -0.22 -0.04 104.43 95.00 5/16/2025 No 13 65 None
GOLD Barrick Gold Corp Options Chain 0.26 0.28 0.16 1.00 0.16 0.34 59 4 -0.22 -0.01 19.65 18.00 5/16/2025 Yes 17 66 None
KEY Keycorp Options Chain 0.41 0.44 0.16 1.00 0.16 0.37 102 1 -0.30 -0.01 15.80 15.00 5/16/2025 Yes 8 47 None
MS Morgan Stanley Options Chain 2.09 2.16 0.79 5.00 0.16 0.39 46 38 -0.22 -0.05 115.74 105.00 5/16/2025 Yes 13 75 None
TFC Truist Financial Corporation Options Chain 0.68 0.72 0.38 2.50 0.15 0.35 44 7 -0.24 -0.02 41.02 37.50 5/16/2025 Yes 12 65 None
HPE Hewlett Packard Enterprise Company Options Chain 0.25 0.28 0.15 1.00 0.15 0.42 66 1 -0.19 -0.01 15.51 14.00 5/16/2025 No 18 68 None
F Ford Motor Company Options Chain 0.22 0.26 0.15 1.00 0.15 0.48 22143 83 -0.23 0.00 9.92 8.85 5/16/2025 Yes 15 63 None
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