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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | Altria Group Inc | Options Chain | 0.85 | 1.15 | 0.58 | 1.00 | 0.58 | 0.20 | 58 | 0 | -0.28 | -0.01 | 59.31 | 57.00 | 7/25/2025 | No | 12 | 68 | None | |
| ORCL | Oracle Corp | Options Chain | 4.80 | 5.50 | 1.32 | 2.50 | 0.53 | 0.43 | 1 | 0 | -0.30 | -0.10 | 168.10 | 160.00 | 7/25/2025 | Yes | 10 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.71 | 0.76 | 0.44 | 1.00 | 0.44 | 0.23 | 6 | 0 | -0.29 | -0.01 | 43.24 | 41.00 | 7/25/2025 | Yes | 14 | 72 | None | |
| AAPL | Apple Inc | Options Chain | 4.90 | 6.15 | 1.96 | 5.00 | 0.39 | 0.31 | 4 | 2 | -0.30 | -0.10 | 202.82 | 195.00 | 7/25/2025 | No | 10 | 64 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.25 | 1.40 | 0.33 | 1.00 | 0.33 | 0.46 | 4 | 1 | -0.28 | -0.03 | 46.13 | 43.00 | 7/18/2025 | No | 17 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.90 | 8.05 | 1.55 | 5.00 | 0.31 | 0.22 | 14 | 0 | -0.27 | -0.17 | 463.87 | 450.00 | 7/25/2025 | No | 13 | 68 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.50 | 9.35 | 1.40 | 5.00 | 0.28 | 0.34 | 11 | 0 | -0.28 | -0.12 | 300.38 | 280.00 | 7/25/2025 | Yes | 14 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.89 | 3.60 | 1.37 | 5.00 | 0.27 | 0.35 | 2 | 0 | -0.28 | -0.09 | 149.05 | 140.00 | 7/25/2025 | No | 14 | 67 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.55 | 1.75 | 0.63 | 2.50 | 0.25 | 0.26 | 0 | 5 | -0.29 | -0.04 | 102.33 | 97.50 | 7/18/2025 | No | 10 | 63 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.34 | 0.53 | 0.12 | 0.50 | 0.24 | 0.39 | 5 | 0 | -0.27 | -0.01 | 17.84 | 16.50 | 7/25/2025 | No | 18 | 67 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.10 | 1.20 | 0.55 | 2.50 | 0.22 | 0.40 | 17 | 5 | -0.29 | -0.03 | 45.09 | 42.50 | 7/18/2025 | No | 14 | 58 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.74 | 0.93 | 0.22 | 1.00 | 0.22 | 0.29 | 1 | 0 | -0.29 | -0.01 | 44.36 | 42.00 | 7/25/2025 | Yes | 12 | 71 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.05 | 1.20 | 0.53 | 2.50 | 0.21 | 0.26 | 36 | 12 | -0.30 | -0.03 | 58.55 | 57.50 | 7/18/2025 | No | 15 | 76 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.70 | 0.80 | 0.20 | 1.00 | 0.20 | 0.31 | 0 | 5 | -0.29 | -0.02 | 38.45 | 36.00 | 7/18/2025 | Yes | 10 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.83 | 5.00 | 0.98 | 5.00 | 0.20 | 0.27 | 1 | 0 | -0.29 | -0.09 | 264.22 | 250.00 | 7/25/2025 | Yes | 14 | 78 | None | |
| HAL | Halliburton Company | Options Chain | 0.34 | 0.44 | 0.19 | 1.00 | 0.19 | 1.23 | 0 | 1 | -0.24 | -0.01 | 20.01 | 18.00 | 7/25/2025 | No | 12 | 57 | None | |
| CVX | Chevron Corp | Options Chain | 0.37 | 3.85 | 0.93 | 5.00 | 0.19 | 0.26 | 0 | 4 | -0.25 | -0.06 | 137.37 | 130.00 | 7/25/2025 | No | 12 | 77 | None | |
| GFI | Gold Fields Ltd | Options Chain | 0.50 | 0.60 | 0.18 | 1.00 | 0.18 | 0.46 | 31 | 22 | -0.23 | -0.02 | 25.04 | 23.00 | 7/18/2025 | No | 13 | 58 | None | |
| TD | Toronto Dominion Bank | Options Chain | 0.80 | 0.90 | 0.43 | 2.50 | 0.17 | 0.19 | 21 | 0 | -0.30 | -0.02 | 69.58 | 67.50 | 7/18/2025 | No | 13 | 83 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.75 | 0.80 | 0.38 | 2.50 | 0.15 | 0.28 | 35 | 5 | -0.26 | -0.02 | 49.10 | 47.50 | 7/18/2025 | No | 14 | 25 | None | |
| VTRS | Viatris Inc | Options Chain | 0.15 | 0.25 | 0.15 | 1.00 | 0.15 | 0.41 | 33 | 0 | -0.25 | -0.01 | 8.59 | 8.00 | 7/18/2025 | No | 7 | 50 | None | |
| RF | Regions Financial Corp | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.33 | 0 | 3 | -0.25 | -0.01 | 21.30 | 20.00 | 7/18/2025 | Yes | 14 | 71 | None |
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