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.

Download as spreadsheet Download

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
CVS CVS Health Corp Options Chain 1.43 2.31 1.22 1.00 1.22 0.41 3 0 -0.27 -0.03 66.68 62.00 8/22/2025 Yes 15 66 None
DELL Dell Technologies Inc - Class C Options Chain 2.83 4.00 0.57 1.00 0.57 0.39 12 0 -0.29 -0.07 124.77 117.00 8/22/2025 No 14 61 None
SLB SLB Options Chain 0.60 1.49 0.56 1.00 0.56 0.44 1 7 -0.24 -0.02 36.54 34.00 8/22/2025 Yes 11 68 None
OXY Occidental Petroleum Corp Options Chain 0.91 1.02 0.48 1.00 0.48 0.34 2 8 -0.27 -0.02 45.75 43.00 8/22/2025 Yes 12 66 None
XOM Exxon Mobil Corp Options Chain 1.66 2.39 0.42 1.00 0.42 0.26 14 13 -0.28 -0.04 114.19 109.00 8/22/2025 Yes 12 76 None
SBUX Starbucks Corp Options Chain 2.22 2.47 0.37 1.00 0.37 0.38 30 10 -0.28 -0.04 94.94 89.00 8/22/2025 Yes 10 55 None
SCHW Charles Schwab Corp Options Chain 1.22 2.34 0.34 1.00 0.34 0.30 7 0 -0.27 -0.04 91.95 87.00 8/22/2025 Yes 12 67 None
CVX Chevron Corp Options Chain 2.68 3.05 0.33 1.00 0.33 0.27 1 18 -0.30 -0.05 147.40 146.00 8/22/2025 Yes 12 77 None
AEM Agnico Eagle Mines Ltd Options Chain 2.80 3.20 0.32 1.00 0.32 0.37 0 6 -0.29 -0.07 116.14 110.00 8/22/2025 Yes 15 71 None
NEM Newmont Corp Options Chain 1.26 1.42 0.31 1.00 0.31 0.37 1 98 -0.27 -0.03 57.61 54.00 8/22/2025 Yes 16 70 None
WFC Wells Fargo & Company Options Chain 1.34 1.52 0.31 1.00 0.31 0.29 0 1 -0.27 -0.03 81.59 77.00 8/22/2025 Yes 13 72 None
WMT Walmart Inc Options Chain 1.79 2.00 0.31 1.00 0.31 0.28 18 54 -0.30 -0.04 97.09 93.00 8/22/2025 Yes 11 56 None
LLY Lilly(Eli) & Company Options Chain 22.55 26.05 1.52 5.00 0.30 0.44 5 0 -0.30 -0.52 772.87 730.00 8/22/2025 Yes 11 65 None
MRK Merck & Co Inc Options Chain 1.61 2.07 0.30 1.00 0.30 0.34 3 1 -0.29 -0.05 80.90 77.00 8/22/2025 Yes 15 73 None
LUV Southwest Airlines Company Options Chain 0.92 0.99 0.28 1.00 0.28 0.40 1 2 -0.30 -0.02 33.81 32.00 8/22/2025 Yes 11 51 None
AVGO Broadcom Inc Options Chain 7.10 7.45 1.38 5.00 0.28 0.40 24 53 -0.29 -0.17 271.80 255.00 8/22/2025 No 8 66 None
GFI Gold Fields Ltd Options Chain 0.65 0.75 0.27 1.00 0.27 0.45 123 3 -0.30 -0.02 24.82 22.00 8/15/2025 No 13 58 None
TSM Taiwan Semiconductor Manufacturing Options Chain 5.90 6.35 1.33 5.00 0.27 0.39 6 44 -0.29 -0.14 227.86 215.00 8/22/2025 Yes 24 73
Dividend Stock List
HAL Halliburton Company Options Chain 0.48 0.59 0.13 0.50 0.26 0.41 0 13 -0.26 -0.01 20.89 20.50 8/22/2025 Yes 12 57 None
ORCL Oracle Corp Options Chain 5.15 5.55 1.27 5.00 0.25 0.36 6 42 -0.28 -0.12 234.50 220.00 8/22/2025 No 8 61 None
MO Altria Group Inc Options Chain 0.66 1.06 0.25 1.00 0.25 0.22 102 1 -0.25 -0.02 60.25 57.00 8/22/2025 Yes 12 68 None
NKE Nike Inc - Class B Options Chain 1.27 1.37 0.25 1.00 0.25 0.30 21 218 -0.26 -0.04 73.92 70.00 8/22/2025 No 10 54 None
ADM Archer Daniels Midland Company Options Chain 0.25 1.05 0.25 1.00 0.25 0.25 3 2 -0.27 -0.02 54.55 51.00 8/22/2025 Yes 11 53 None
BKR Baker Hughes Co - Class A Options Chain 0.80 0.90 0.25 1.00 0.25 0.34 14 6 -0.29 -0.02 40.11 38.00 8/15/2025 Yes 12 66 None
KHC Kraft Heinz Company Options Chain 0.39 0.51 0.24 1.00 0.24 0.30 27 3 -0.27 -0.01 26.08 25.00 8/22/2025 Yes 10 68 None
DVN Devon Energy Corp Options Chain 0.86 1.20 0.23 1.00 0.23 0.37 1 2 -0.30 -0.02 32.68 33.00 8/22/2025 Yes 9 66 None
MSFT Microsoft Corporation Options Chain 7.40 7.60 1.12 5.00 0.22 0.25 25 1367 -0.27 -0.19 497.72 475.00 8/22/2025 Yes 13 68 None
EIX Edison International Options Chain 1.00 1.30 0.55 2.50 0.22 0.39 235 48 -0.27 -0.03 50.51 47.50 8/15/2025 Yes 12 70 None
BAC Bank Of America Corp Options Chain 0.80 0.83 0.22 1.00 0.22 0.27 46 151 -0.27 -0.02 47.15 45.00 8/22/2025 Yes 12 73 None
KO Coca-Cola Company Options Chain 0.82 0.95 0.22 1.00 0.22 0.20 8 2 -0.28 -0.03 71.01 68.00 8/22/2025 Yes 9 69 None
JPM JPMorgan Chase & Company Options Chain 4.40 4.60 1.07 5.00 0.21 0.26 16 9 -0.27 -0.12 291.97 270.00 8/22/2025 Yes 14 79 None
MCD McDonald`s Corp Options Chain 3.40 3.95 1.05 5.00 0.21 0.22 2 2 -0.26 -0.11 293.53 280.00 8/22/2025 Yes 9 66 None
SHEL Shell Plc ADR (Representing - ) Options Chain 0.85 1.00 0.20 1.00 0.20 0.22 1 0 -0.27 -0.02 71.26 68.00 8/22/2025 Yes 14 70 None
C Citigroup Inc Options Chain 1.62 1.75 0.20 1.00 0.20 0.29 1 25 -0.28 -0.03 85.57 81.00 8/22/2025 Yes 18 85 None
BHP BHP Group Ltd Options Chain 0.85 0.95 0.47 2.50 0.19 0.28 60 0 -0.30 -0.03 49.36 47.50 8/15/2025 No 14 25 None
JNJ Johnson & Johnson Options Chain 0.63 2.98 0.90 5.00 0.18 0.20 1 0 -0.26 -0.05 155.27 150.00 8/22/2025 Yes 16 66 None
VZ Verizon Communications Inc Options Chain 0.47 0.69 0.18 1.00 0.18 0.22 2 5 -0.26 -0.01 43.06 41.00 8/22/2025 Yes 15 72 None
KEY Keycorp Options Chain 0.32 0.37 0.09 0.50 0.18 0.30 1 0 -0.27 -0.01 18.29 17.50 8/22/2025 Yes 5 49 None
CSCO Cisco Systems Inc Options Chain 1.00 1.38 0.16 1.00 0.16 0.26 5 0 -0.29 -0.03 68.93 66.00 8/22/2025 Yes 10 67 None
UNH Unitedhealth Group Inc Options Chain 7.20 10.05 0.78 5.00 0.16 0.44 6 15 -0.28 -0.23 307.70 285.00 8/22/2025 Yes 14 69 None
PG Procter & Gamble Company Options Chain 1.73 2.08 0.76 5.00 0.15 0.22 5 146 -0.25 -0.04 157.89 150.00 8/22/2025 Yes 11 71 None
CFG Citizens Financial Group Inc Options Chain 0.45 1.50 0.38 2.50 0.15 0.33 2 0 -0.29 -0.02 47.53 45.00 8/15/2025 Yes 16 79 None