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.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | RTX Corp | Options Chain | 1.60 | 1.90 | 0.82 | 1.00 | 0.82 | 0.26 | 4 | 4 | -0.28 | -0.05 | 125.75 | 120.00 | 2/28/2025 | Yes | 11 | 67 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.85 | 1.86 | 0.51 | 1.00 | 0.51 | 0.33 | 2 | 0 | -0.26 | -0.03 | 70.85 | 67.00 | 2/28/2025 | Yes | 14 | 66 | None | |
| ALB | Albemarle Corp | Options Chain | 2.74 | 3.05 | 0.38 | 1.00 | 0.38 | 0.51 | 0 | 6 | -0.29 | -0.08 | 94.05 | 87.00 | 2/28/2025 | Yes | 6 | 52 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.62 | 1.04 | 0.37 | 1.00 | 0.37 | 0.22 | 1 | 0 | -0.29 | -0.02 | 49.32 | 48.00 | 2/28/2025 | No | 15 | 66 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.92 | 1.07 | 0.36 | 1.00 | 0.36 | 0.25 | 2 | 10 | -0.30 | -0.03 | 61.03 | 59.00 | 2/28/2025 | Yes | 9 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.02 | 1.43 | 0.35 | 1.00 | 0.35 | 0.24 | 20 | 28 | -0.29 | -0.03 | 73.17 | 71.00 | 2/28/2025 | No | 14 | 57 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.40 | 1.92 | 0.34 | 1.00 | 0.34 | 0.22 | 1 | 0 | -0.29 | -0.04 | 123.30 | 119.00 | 2/28/2025 | Yes | 12 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.66 | 0.94 | 0.33 | 1.00 | 0.33 | 0.19 | 41 | 31 | -0.30 | -0.02 | 62.42 | 61.00 | 2/28/2025 | Yes | 7 | 69 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 0.86 | 1.41 | 0.32 | 1.00 | 0.32 | 0.23 | 3 | 0 | -0.29 | -0.03 | 80.93 | 78.00 | 2/28/2025 | No | 9 | 58 | None | |
| GM | General Motors Company | Options Chain | 1.23 | 1.52 | 0.32 | 1.00 | 0.32 | 0.39 | 3 | 40 | -0.29 | -0.03 | 53.89 | 51.00 | 2/28/2025 | Yes | 17 | 68 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.43 | 0.48 | 0.16 | 0.50 | 0.32 | 0.33 | 1 | 2 | -0.28 | -0.01 | 23.70 | 22.50 | 2/28/2025 | Yes | 14 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.95 | 6.50 | 1.53 | 5.00 | 0.31 | 0.22 | 7 | 17 | -0.27 | -0.22 | 524.99 | 505.00 | 2/28/2025 | No | 10 | 68 | None | |
| TGT | Target Corp | Options Chain | 2.03 | 2.42 | 0.30 | 1.00 | 0.30 | 0.24 | 1 | 13 | -0.30 | -0.04 | 137.34 | 132.00 | 2/28/2025 | No | 17 | 65 | None | |
| LRCX | Lam Research Corp | Options Chain | 2.08 | 2.49 | 0.29 | 1.00 | 0.29 | 0.46 | 3 | 2 | -0.28 | -0.06 | 81.50 | 76.00 | 2/28/2025 | Yes | 12 | 63 | None | |
| NVO | Novo Nordisk | Options Chain | 1.86 | 2.07 | 0.28 | 1.00 | 0.28 | 0.41 | 0 | 18 | -0.27 | -0.05 | 81.03 | 76.00 | 2/28/2025 | Yes | 15 | 69 | None | |
| NEM | Newmont Corp | Options Chain | 0.96 | 1.10 | 0.28 | 1.00 | 0.28 | 0.38 | 103 | 0 | -0.29 | -0.03 | 42.35 | 40.00 | 2/28/2025 | Yes | 7 | 54 | None | |
| VST | Vistra Corp | Options Chain | 7.60 | 8.00 | 0.70 | 2.50 | 0.28 | 0.63 | 490 | 13 | -0.29 | -0.19 | 185.35 | 170.00 | 2/28/2025 | Yes | 10 | 63 | None | |
| CVS | CVS Health Corp | Options Chain | 1.23 | 1.39 | 0.27 | 1.00 | 0.27 | 0.43 | 0 | 1 | -0.27 | -0.03 | 53.15 | 49.00 | 2/28/2025 | Yes | 16 | 75 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 16.45 | 18.15 | 1.30 | 5.00 | 0.26 | 0.34 | 3 | 0 | -0.30 | -0.39 | 742.35 | 710.00 | 2/28/2025 | Yes | 9 | 65 | None | |
| CVX | Chevron Corp | Options Chain | 2.07 | 2.24 | 0.65 | 2.50 | 0.26 | 0.21 | 8 | 56 | -0.29 | -0.04 | 158.24 | 152.50 | 2/28/2025 | Yes | 10 | 75 | None | |
| SLB | SLB | Options Chain | 0.66 | 0.73 | 0.26 | 1.00 | 0.26 | 0.25 | 451 | 2 | -0.30 | -0.01 | 43.74 | 42.00 | 2/28/2025 | No | 16 | 69 | None | |
| ORCL | Oracle Corp | Options Chain | 2.96 | 3.40 | 1.27 | 5.00 | 0.25 | 0.30 | 236 | 156 | -0.28 | -0.09 | 172.57 | 165.00 | 2/28/2025 | No | 11 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.11 | 1.50 | 0.25 | 1.00 | 0.25 | 0.21 | 43 | 27 | -0.27 | -0.03 | 111.47 | 107.00 | 2/28/2025 | Yes | 12 | 76 | None | |
| WMT | Walmart Inc | Options Chain | 1.28 | 1.39 | 0.25 | 1.00 | 0.25 | 0.26 | 9 | 64 | -0.27 | -0.04 | 93.08 | 89.00 | 2/28/2025 | Yes | 9 | 59 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.69 | 0.73 | 0.25 | 1.00 | 0.25 | 0.32 | 31 | 22 | -0.28 | -0.02 | 36.73 | 35.00 | 2/28/2025 | No | 9 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.02 | 1.23 | 0.25 | 1.00 | 0.25 | 0.23 | 4 | 7 | -0.30 | -0.03 | 77.85 | 75.00 | 2/28/2025 | No | 17 | 73 | None | |
| AMAT | Applied Materials Inc | Options Chain | 2.95 | 4.70 | 1.20 | 5.00 | 0.24 | 0.38 | 10 | 85 | -0.26 | -0.11 | 192.87 | 180.00 | 2/28/2025 | Yes | 16 | 69 | None | |
| CAT | Caterpillar Inc | Options Chain | 5.60 | 6.90 | 1.20 | 5.00 | 0.24 | 0.28 | 14 | 5 | -0.27 | -0.19 | 398.36 | 380.00 | 2/28/2025 | Yes | 13 | 71 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.59 | 0.78 | 0.23 | 1.00 | 0.23 | 0.29 | 79 | 35 | -0.25 | -0.03 | 50.55 | 48.00 | 2/28/2025 | Yes | 9 | 69 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.26 | 1.59 | 0.23 | 1.00 | 0.23 | 0.28 | 2 | 10 | -0.28 | -0.05 | 96.24 | 92.00 | 2/28/2025 | Yes | 12 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 4.50 | 5.30 | 1.10 | 5.00 | 0.22 | 0.34 | 32 | 130 | -0.30 | -0.12 | 218.70 | 210.00 | 2/28/2025 | No | 21 | 71 |
Dividend Stock List |
|
| C | Citigroup Inc | Options Chain | 0.90 | 0.98 | 0.22 | 1.00 | 0.22 | 0.22 | 37 | 10 | -0.25 | -0.02 | 81.67 | 78.00 | 2/28/2025 | No | 14 | 85 | None | |
| GOLD | Barrick Gold Corp | Options Chain | 0.25 | 0.29 | 0.11 | 0.50 | 0.22 | 0.33 | 51 | 0 | -0.26 | -0.01 | 15.98 | 15.00 | 2/28/2025 | Yes | 18 | 58 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.60 | 0.79 | 0.21 | 1.00 | 0.21 | 0.33 | 13 | 2 | -0.27 | -0.03 | 40.30 | 38.00 | 2/28/2025 | Yes | 11 | 55 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.67 | 2.97 | 1.01 | 5.00 | 0.20 | 0.37 | 16 | 11 | -0.23 | -0.10 | 167.27 | 155.00 | 2/28/2025 | Yes | 16 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.73 | 2.88 | 1.00 | 5.00 | 0.20 | 0.19 | 39 | 53 | -0.25 | -0.09 | 263.03 | 255.00 | 2/28/2025 | No | 15 | 78 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.60 | 0.75 | 0.20 | 1.00 | 0.20 | 0.38 | 39 | 5 | -0.24 | -0.02 | 38.18 | 35.00 | 2/28/2025 | No | 12 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.51 | 0.55 | 0.20 | 1.00 | 0.20 | 0.21 | 296 | 71 | -0.25 | -0.02 | 46.66 | 45.00 | 2/28/2025 | No | 10 | 73 | None | |
| F | Ford Motor Company | Options Chain | 0.17 | 0.19 | 0.10 | 0.50 | 0.20 | 0.39 | 329 | 48 | -0.22 | 0.00 | 10.43 | 9.50 | 2/28/2025 | Yes | 15 | 60 | None | |
| GE | General Electric Company | Options Chain | 2.90 | 3.10 | 0.99 | 5.00 | 0.20 | 0.34 | 4 | 4 | -0.24 | -0.10 | 187.50 | 175.00 | 2/28/2025 | Yes | 13 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.35 | 5.90 | 0.97 | 5.00 | 0.19 | 0.24 | 52 | 96 | -0.26 | -0.17 | 428.50 | 410.00 | 2/28/2025 | Yes | 15 | 69 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.28 | 0.52 | 0.19 | 1.00 | 0.19 | 0.17 | 4 | 13 | -0.26 | 0.00 | 34.09 | 33.00 | 2/28/2025 | Yes | 12 | 67 | None | |
| COP | Conoco Phillips | Options Chain | 1.37 | 1.51 | 0.19 | 1.00 | 0.19 | 0.23 | 9 | 1 | -0.29 | -0.03 | 104.28 | 100.00 | 2/28/2025 | Yes | 9 | 76 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.92 | 4.10 | 0.19 | 1.00 | 0.19 | 0.49 | 4 | 3 | -0.30 | -0.09 | 111.55 | 104.00 | 2/28/2025 | Yes | 15 | 64 | None | |
| V | Visa Inc - Class A | Options Chain | 3.10 | 3.60 | 0.90 | 5.00 | 0.18 | 0.22 | 35 | 9 | -0.24 | -0.11 | 323.63 | 310.00 | 2/28/2025 | Yes | 11 | 70 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.43 | 0.70 | 0.17 | 1.00 | 0.17 | 0.20 | 0 | 302 | -0.28 | -0.01 | 47.89 | 46.00 | 2/28/2025 | No | 6 | 60 | None | |
| MO | Altria Group Inc | Options Chain | 0.38 | 0.48 | 0.15 | 1.00 | 0.15 | 0.21 | 16 | 20 | -0.22 | -0.02 | 51.47 | 49.00 | 2/28/2025 | Yes | 13 | 71 | None |