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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GFI | Gold Fields Ltd | Options Chain | 1.50 | 1.70 | 0.35 | 1.00 | 0.35 | 0.57 | 5 | 0 | -0.27 | -0.03 | 42.32 | 38.00 | 11/21/2025 | Yes | 13 | 60 | None | |
| INFY | Infosys Ltd | Options Chain | 0.45 | 0.60 | 0.33 | 1.00 | 0.33 | 0.40 | 25 | 6 | -0.27 | 0.00 | 16.22 | 15.00 | 11/21/2025 | Yes | 16 | 54 | None | |
| HUM | Humana Inc | Options Chain | 10.20 | 10.50 | 1.65 | 5.00 | 0.33 | 0.47 | 34 | 28 | -0.30 | -0.19 | 257.68 | 265.00 | 11/21/2025 | Yes | 12 | 60 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 24.95 | 26.60 | 3.23 | 10.00 | 0.32 | 0.41 | 110 | 97 | -0.30 | -0.49 | 819.85 | 790.00 | 11/21/2025 | Yes | 10 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 11.75 | 12.00 | 3.18 | 10.00 | 0.32 | 0.42 | 632 | 499 | -0.30 | -0.22 | 353.72 | 340.00 | 11/21/2025 | Yes | 12 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.26 | 1.32 | 0.31 | 1.00 | 0.31 | 0.43 | 1777 | 140 | -0.30 | -0.02 | 38.95 | 37.00 | 11/21/2025 | Yes | 12 | 57 | None | |
| ALB | Albemarle Corp | Options Chain | 3.75 | 3.90 | 1.46 | 5.00 | 0.29 | 0.60 | 28 | 22 | -0.28 | -0.07 | 88.22 | 80.00 | 11/21/2025 | Yes | 8 | 53 | None | |
| NVO | Novo Nordisk | Options Chain | 2.62 | 2.76 | 1.46 | 5.00 | 0.29 | 0.57 | 575 | 4223 | -0.30 | -0.05 | 58.74 | 55.00 | 11/21/2025 | Yes | 15 | 73 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.15 | 5.30 | 1.45 | 5.00 | 0.29 | 0.49 | 41 | 32 | -0.29 | -0.10 | 146.99 | 135.00 | 11/21/2025 | Yes | 14 | 64 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.78 | 0.80 | 0.28 | 1.00 | 0.28 | 0.42 | 64 | 95 | -0.29 | -0.01 | 24.50 | 23.00 | 11/21/2025 | No | 13 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.77 | 0.79 | 0.28 | 1.00 | 0.28 | 0.20 | 75 | 494 | -0.30 | -0.01 | 43.40 | 42.00 | 11/21/2025 | Yes | 14 | 72 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.50 | 4.65 | 1.40 | 5.00 | 0.28 | 0.37 | 28 | 17 | -0.30 | -0.09 | 168.85 | 160.00 | 11/21/2025 | Yes | 15 | 64 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.05 | 4.15 | 1.37 | 5.00 | 0.27 | 0.43 | 185 | 24 | -0.28 | -0.08 | 147.37 | 130.00 | 11/21/2025 | No | 15 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.34 | 2.40 | 0.68 | 2.50 | 0.27 | 0.33 | 32 | 15 | -0.30 | -0.04 | 97.74 | 92.50 | 11/21/2025 | Yes | 16 | 81 | None | |
| EQT | EQT Corp | Options Chain | 1.58 | 1.63 | 0.67 | 2.50 | 0.27 | 0.40 | 25 | 1 | -0.29 | -0.03 | 55.51 | 52.50 | 11/21/2025 | Yes | 8 | 68 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 1.45 | 1.55 | 0.67 | 2.50 | 0.27 | 0.34 | 1 | 6 | -0.30 | -0.03 | 61.04 | 57.50 | 11/21/2025 | Yes | 11 | 52 | None | |
| AMAT | Applied Materials Inc | Options Chain | 6.10 | 6.25 | 1.33 | 5.00 | 0.27 | 0.44 | 114 | 70 | -0.26 | -0.13 | 217.53 | 200.00 | 11/21/2025 | Yes | 16 | 68 | None | |
| ORCL | Oracle Corp | Options Chain | 8.20 | 8.40 | 2.65 | 10.00 | 0.27 | 0.48 | 195 | 460 | -0.25 | -0.17 | 288.78 | 260.00 | 11/21/2025 | No | 8 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.50 | 9.70 | 1.32 | 5.00 | 0.26 | 0.26 | 72 | 512 | -0.29 | -0.20 | 515.74 | 495.00 | 11/21/2025 | Yes | 13 | 68 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.41 | 1.47 | 0.66 | 2.50 | 0.26 | 0.28 | 83 | 37 | -0.30 | -0.03 | 68.31 | 65.00 | 11/21/2025 | Yes | 11 | 66 | None | |
| RJF | Raymond James Financial Inc | Options Chain | 3.80 | 4.20 | 1.30 | 5.00 | 0.26 | 0.32 | 17 | 40 | -0.29 | -0.08 | 166.46 | 160.00 | 11/21/2025 | Yes | 16 | 64 | None | |
| TOL | Toll Brothers Inc | Options Chain | 3.60 | 3.90 | 1.30 | 5.00 | 0.26 | 0.35 | 21 | 18 | -0.30 | -0.07 | 139.55 | 135.00 | 11/21/2025 | No | 12 | 69 | None | |
| EBAY | EBay Inc | Options Chain | 2.11 | 2.32 | 0.64 | 2.50 | 0.26 | 0.40 | 28 | 8 | -0.25 | -0.05 | 88.40 | 85.00 | 11/21/2025 | Yes | 11 | 64 | None | |
| CVS | CVS Health Corp | Options Chain | 1.87 | 1.93 | 0.64 | 2.50 | 0.26 | 0.35 | 76 | 1542 | -0.29 | -0.03 | 77.45 | 72.50 | 11/21/2025 | Yes | 11 | 64 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.79 | 1.86 | 0.63 | 2.50 | 0.25 | 0.47 | 109 | 30 | -0.28 | -0.04 | 57.08 | 52.50 | 11/21/2025 | Yes | 13 | 65 | None | |
| V | Visa Inc - Class A | Options Chain | 6.20 | 6.35 | 1.25 | 5.00 | 0.25 | 0.25 | 81 | 61 | -0.29 | -0.13 | 345.95 | 335.00 | 11/21/2025 | Yes | 9 | 69 | None | |
| NEM | Newmont Corp | Options Chain | 1.99 | 2.07 | 0.62 | 2.50 | 0.25 | 0.40 | 612 | 14 | -0.24 | -0.05 | 86.43 | 80.00 | 11/21/2025 | Yes | 17 | 69 | None | |
| MCHP | Microchip Technology Inc | Options Chain | 1.95 | 2.05 | 0.62 | 2.50 | 0.25 | 0.52 | 45 | 7 | -0.24 | -0.04 | 66.13 | 60.00 | 11/21/2025 | Yes | 3 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.80 | 8.00 | 2.47 | 10.00 | 0.25 | 0.43 | 638 | 197 | -0.26 | -0.19 | 288.11 | 270.00 | 11/21/2025 | Yes | 22 | 74 |
Dividend Stock List |
|
| TGT | Target Corp | Options Chain | 2.43 | 2.67 | 1.23 | 5.00 | 0.25 | 0.47 | 136 | 110 | -0.25 | -0.04 | 89.51 | 80.00 | 11/21/2025 | Yes | 13 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.85 | 6.05 | 1.22 | 5.00 | 0.24 | 0.28 | 84 | 330 | -0.29 | -0.11 | 307.98 | 295.00 | 11/21/2025 | Yes | 11 | 78 | None | |
| PM | Philip Morris International Inc | Options Chain | 3.50 | 3.80 | 1.22 | 5.00 | 0.24 | 0.34 | 36 | 15 | -0.30 | -0.08 | 157.91 | 145.00 | 11/21/2025 | Yes | 10 | 71 | None | |
| WMT | Walmart Inc | Options Chain | 1.85 | 1.90 | 0.60 | 2.50 | 0.24 | 0.27 | 218 | 603 | -0.28 | -0.05 | 101.70 | 97.50 | 11/21/2025 | Yes | 9 | 59 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.30 | 9.45 | 2.35 | 10.00 | 0.24 | 0.45 | 511 | 257 | -0.25 | -0.20 | 338.37 | 310.00 | 11/21/2025 | No | 9 | 67 | None | |
| MRK | Merck & Co Inc | Options Chain | 2.04 | 2.13 | 1.17 | 5.00 | 0.23 | 0.31 | 98 | 639 | -0.30 | -0.04 | 89.51 | 85.00 | 11/21/2025 | Yes | 14 | 73 | None | |
| GILD | Gilead Sciences Inc | Options Chain | 2.73 | 2.82 | 1.16 | 5.00 | 0.23 | 0.38 | 17 | 75 | -0.27 | -0.06 | 110.65 | 105.00 | 11/21/2025 | Yes | 11 | 72 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.08 | 1.11 | 0.58 | 2.50 | 0.23 | 0.34 | 520 | 778 | -0.30 | -0.02 | 44.23 | 42.50 | 11/21/2025 | Yes | 7 | 62 | None | |
| STM | ST Microelectronics | Options Chain | 0.80 | 0.85 | 0.23 | 1.00 | 0.23 | 0.49 | 1 | 2 | -0.24 | -0.02 | 28.89 | 26.00 | 11/21/2025 | Yes | 11 | 42 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.60 | 0.23 | 1.00 | 0.23 | 0.37 | 1 | 0 | -0.26 | -0.01 | 22.47 | 21.00 | 11/21/2025 | Yes | 16 | 68 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.95 | 0.98 | 0.23 | 1.00 | 0.23 | 0.29 | 286 | 24 | -0.27 | -0.02 | 50.64 | 48.00 | 11/21/2025 | Yes | 12 | 74 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.94 | 0.99 | 0.57 | 2.50 | 0.23 | 0.38 | 117 | 20 | -0.29 | -0.02 | 34.32 | 32.50 | 11/21/2025 | Yes | 10 | 64 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.10 | 3.70 | 1.12 | 5.00 | 0.22 | 0.40 | 5 | 25 | -0.26 | -0.07 | 143.40 | 135.00 | 11/21/2025 | Yes | 12 | 80 | None | |
| COP | Conoco Phillips | Options Chain | 1.75 | 1.82 | 0.56 | 2.50 | 0.22 | 0.33 | 11 | 24 | -0.26 | -0.04 | 94.16 | 87.50 | 11/21/2025 | Yes | 11 | 76 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.29 | 1.34 | 0.55 | 2.50 | 0.22 | 0.31 | 380 | 352 | -0.25 | -0.03 | 74.57 | 67.50 | 11/21/2025 | No | 8 | 54 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 1.00 | 1.20 | 0.55 | 2.50 | 0.22 | 0.23 | 17 | 14 | -0.28 | -0.02 | 71.77 | 70.00 | 11/21/2025 | Yes | 15 | 70 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.40 | 0.50 | 0.22 | 1.00 | 0.22 | 0.33 | 21 | 10 | -0.23 | -0.01 | 25.76 | 24.00 | 11/21/2025 | Yes | 10 | 61 | None | |
| HPQ | HP Inc | Options Chain | 0.54 | 0.58 | 0.22 | 1.00 | 0.22 | 0.33 | 90 | 31 | -0.27 | -0.01 | 26.59 | 25.00 | 11/21/2025 | No | 13 | 51 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 3.60 | 3.90 | 1.05 | 5.00 | 0.21 | 0.33 | 1 | 6 | -0.26 | -0.09 | 192.24 | 180.00 | 11/21/2025 | Yes | 9 | 68 | None | |
| STLD | Steel Dynamics Inc | Options Chain | 3.20 | 3.40 | 1.05 | 5.00 | 0.21 | 0.37 | 24 | 2 | -0.27 | -0.09 | 144.39 | 135.00 | 11/21/2025 | Yes | 10 | 66 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.10 | 1.30 | 0.52 | 2.50 | 0.21 | 0.22 | 40 | 16 | -0.28 | -0.02 | 79.63 | 77.50 | 11/21/2025 | No | 14 | 78 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.45 | 1.75 | 1.02 | 5.00 | 0.20 | 0.32 | 7 | 4 | -0.30 | -0.03 | 68.09 | 65.00 | 11/21/2025 | Yes | 9 | 62 | None | |
| CVX | Chevron Corp | Options Chain | 2.26 | 2.31 | 1.01 | 5.00 | 0.20 | 0.25 | 83 | 24 | -0.26 | -0.04 | 153.37 | 145.00 | 11/21/2025 | Yes | 11 | 74 | None | |
| SCCO | Southern Copper Corporation | Options Chain | 1.60 | 3.40 | 1.00 | 5.00 | 0.20 | 0.40 | 8 | 0 | -0.21 | -0.05 | 125.32 | 115.00 | 11/21/2025 | Yes | 11 | 65 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.56 | 1.61 | 0.50 | 2.50 | 0.20 | 0.31 | 75 | 43 | -0.25 | -0.04 | 92.70 | 87.50 | 11/21/2025 | Yes | 13 | 68 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.43 | 1.48 | 0.50 | 2.50 | 0.20 | 0.32 | 784 | 37 | -0.25 | -0.03 | 80.50 | 75.00 | 11/21/2025 | Yes | 12 | 74 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.30 | 1.45 | 0.50 | 2.50 | 0.20 | 0.37 | 7 | 7 | -0.25 | -0.03 | 63.07 | 57.50 | 11/21/2025 | No | 13 | 62 | None | |
| HAL | Halliburton Company | Options Chain | 0.48 | 0.50 | 0.20 | 1.00 | 0.20 | 0.41 | 51 | 3 | -0.22 | -0.01 | 24.50 | 22.00 | 11/21/2025 | Yes | 11 | 66 | None | |
| GSK | GSK Plc | Options Chain | 0.75 | 0.85 | 0.20 | 1.00 | 0.20 | 0.34 | 15 | 2 | -0.25 | -0.02 | 43.72 | 40.00 | 11/21/2025 | Yes | 11 | 51 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.40 | 2 | 0 | -0.25 | -0.01 | 23.99 | 22.00 | 11/21/2025 | Yes | 14 | 64 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.95 | 1.05 | 0.20 | 1.00 | 0.20 | 0.35 | 13 | 7 | -0.26 | -0.02 | 48.50 | 45.00 | 11/21/2025 | Yes | 14 | 65 | None | |
| EQNR | Equinor ASA | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.29 | 2 | 0 | -0.26 | -0.01 | 24.40 | 23.00 | 11/21/2025 | Yes | 11 | 62 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.30 | 0.40 | 0.20 | 1.00 | 0.20 | 0.31 | 3 | 1 | -0.28 | -0.01 | 17.11 | 16.00 | 11/21/2025 | Yes | 9 | 61 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.60 | 0.20 | 1.00 | 0.20 | 0.31 | 2 | 2 | -0.28 | -0.01 | 26.20 | 25.00 | 11/21/2025 | Yes | 13 | 69 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.45 | 0.20 | 1.00 | 0.20 | 0.34 | 3 | 148 | -0.30 | -0.01 | 16.75 | 16.00 | 11/21/2025 | Yes | 13 | 66 | None | |
| ICE | Intercontinental Exchange Inc | Options Chain | 2.35 | 2.55 | 0.97 | 5.00 | 0.19 | 0.24 | 10 | 1 | -0.27 | -0.06 | 160.98 | 155.00 | 11/21/2025 | Yes | 8 | 71 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.33 | 1.41 | 0.48 | 2.50 | 0.19 | 0.29 | 1 | 88 | -0.24 | -0.04 | 85.31 | 80.00 | 11/21/2025 | Yes | 10 | 67 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.22 | 1.30 | 0.47 | 2.50 | 0.19 | 0.29 | 179 | 35 | -0.24 | -0.03 | 78.18 | 75.00 | 11/21/2025 | Yes | 7 | 62 | None | |
| NTR | Nutrien Ltd | Options Chain | 1.00 | 1.20 | 0.47 | 2.50 | 0.19 | 0.34 | 152 | 5 | -0.24 | -0.03 | 59.75 | 55.00 | 11/21/2025 | Yes | 13 | 64 | None | |
| TRU | TransUnion | Options Chain | 2.15 | 2.35 | 0.92 | 5.00 | 0.18 | 0.48 | 29 | 40 | -0.26 | -0.05 | 73.51 | 70.00 | 11/21/2025 | Yes | 12 | 57 | None | |
| GM | General Motors Company | Options Chain | 1.16 | 1.20 | 0.46 | 2.50 | 0.18 | 0.38 | 123 | 24 | -0.23 | -0.03 | 59.46 | 55.00 | 11/21/2025 | Yes | 11 | 74 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.90 | 1.00 | 0.45 | 2.50 | 0.18 | 0.28 | 136 | 2 | -0.28 | -0.03 | 55.47 | 52.50 | 11/21/2025 | Yes | 13 | 62 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.65 | 0.18 | 1.00 | 0.18 | 0.23 | 10 | 4 | -0.25 | -0.01 | 44.95 | 43.00 | 11/21/2025 | Yes | 11 | 68 | None | |
| MO | Altria Group Inc | Options Chain | 0.85 | 0.91 | 0.44 | 2.50 | 0.18 | 0.24 | 46 | 13 | -0.24 | -0.02 | 65.75 | 62.50 | 11/21/2025 | Yes | 11 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.02 | 2.13 | 0.84 | 5.00 | 0.17 | 0.21 | 129 | 84 | -0.25 | -0.07 | 185.33 | 180.00 | 11/21/2025 | Yes | 11 | 75 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.77 | 0.82 | 0.41 | 2.50 | 0.16 | 0.30 | 18 | 32 | -0.26 | -0.02 | 45.36 | 42.50 | 11/21/2025 | Yes | 18 | 72 | None | |
| T | AT&T Inc | Options Chain | 0.37 | 0.40 | 0.16 | 1.00 | 0.16 | 0.28 | 56 | 83 | -0.21 | -0.01 | 27.01 | 25.00 | 11/21/2025 | Yes | 11 | 66 | None | |
| ETR | Entergy Corp | Options Chain | 1.25 | 1.70 | 0.78 | 5.00 | 0.16 | 0.26 | 18 | 3 | -0.26 | -0.03 | 94.15 | 90.00 | 11/21/2025 | Yes | 9 | 71 | None | |
| KR | Kroger Company | Options Chain | 0.76 | 0.80 | 0.39 | 2.50 | 0.16 | 0.23 | 289 | 203 | -0.24 | -0.02 | 66.60 | 62.50 | 11/21/2025 | No | 15 | 59 | None | |
| BK | Bank Of New York Mellon Corp | Options Chain | 1.90 | 2.15 | 0.38 | 2.50 | 0.15 | 0.31 | 9 | 3 | -0.27 | -0.04 | 106.60 | 100.00 | 11/21/2025 | Yes | 16 | 75 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.40 | 0.55 | 0.15 | 1.00 | 0.15 | 0.24 | 1 | 0 | -0.28 | -0.01 | 31.41 | 30.00 | 11/21/2025 | Yes | 17 | 70 | None |