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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 4.65 | 6.65 | 2.50 | 5.00 | 0.50 | 0.50 | 2 | 10 | -0.30 | -0.10 | 139.42 | 130.00 | 5/23/2025 | Yes | 16 | 67 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.15 | 1.70 | 0.48 | 1.00 | 0.48 | 0.55 | 3 | 10 | -0.28 | -0.03 | 39.05 | 36.00 | 5/16/2025 | Yes | 12 | 79 | None | |
| MCD | McDonald`s Corp | Options Chain | 5.00 | 7.85 | 1.69 | 5.00 | 0.34 | 0.27 | 0 | 1 | -0.28 | -0.13 | 318.27 | 305.00 | 5/23/2025 | Yes | 7 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.55 | 8.15 | 1.58 | 5.00 | 0.32 | 0.37 | 1 | 0 | -0.30 | -0.11 | 228.69 | 215.00 | 5/23/2025 | Yes | 16 | 78 | None | |
| VST | Vistra Corp | Options Chain | 5.35 | 6.05 | 1.55 | 5.00 | 0.31 | 0.83 | 54 | 248 | -0.27 | -0.12 | 108.21 | 95.00 | 5/16/2025 | Yes | 13 | 63 | None | |
| AXP | American Express Company | Options Chain | 6.70 | 10.10 | 1.50 | 5.00 | 0.30 | 0.46 | 0 | 2 | -0.29 | -0.15 | 266.75 | 230.00 | 5/23/2025 | Yes | 13 | 69 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.45 | 1.65 | 0.73 | 2.50 | 0.29 | 0.60 | 11 | 971 | -0.28 | -0.03 | 38.71 | 35.00 | 5/16/2025 | Yes | 10 | 61 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 3.50 | 3.65 | 1.45 | 5.00 | 0.29 | 0.66 | 632 | 110 | -0.29 | -0.07 | 77.23 | 70.00 | 5/16/2025 | No | 16 | 64 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 16.35 | 16.80 | 1.45 | 5.00 | 0.29 | 0.45 | 60 | 14 | -0.30 | -0.35 | 511.23 | 480.00 | 5/16/2025 | Yes | 14 | 78 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.10 | 1.30 | 0.28 | 1.00 | 0.28 | 0.44 | 31 | 56 | -0.30 | -0.03 | 43.58 | 38.00 | 5/16/2025 | Yes | 14 | 66 | None | |
| STM | ST Microelectronics | Options Chain | 0.80 | 0.95 | 0.28 | 1.00 | 0.28 | 0.63 | 102 | 10 | -0.30 | -0.02 | 19.53 | 18.00 | 5/16/2025 | Yes | 15 | 55 | None | |
| AMAT | Applied Materials Inc | Options Chain | 4.70 | 5.10 | 1.40 | 5.00 | 0.28 | 0.53 | 89 | 99 | -0.29 | -0.11 | 142.00 | 125.00 | 5/16/2025 | Yes | 16 | 62 | None | |
| NDAQ | Nasdaq Inc - 144A | Options Chain | 1.80 | 1.95 | 0.68 | 2.50 | 0.27 | 0.36 | 8 | 0 | -0.30 | -0.04 | 73.79 | 70.00 | 5/16/2025 | Yes | 7 | 59 | None | |
| WSM | Williams-Sonoma Inc | Options Chain | 4.40 | 5.30 | 1.35 | 5.00 | 0.27 | 0.57 | 214 | 101 | -0.27 | -0.10 | 138.86 | 125.00 | 5/16/2025 | No | 14 | 65 | None | |
| STX | Seagate Technology Holdings Plc | Options Chain | 2.95 | 3.20 | 1.30 | 5.00 | 0.26 | 0.64 | 398 | 1 | -0.28 | -0.07 | 71.53 | 65.00 | 5/16/2025 | Yes | 14 | 60 | None | |
| MS | Morgan Stanley | Options Chain | 3.55 | 3.70 | 1.29 | 5.00 | 0.26 | 0.48 | 492 | 50 | -0.30 | -0.07 | 107.93 | 100.00 | 5/16/2025 | Yes | 13 | 75 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 3.40 | 6.30 | 1.24 | 5.00 | 0.25 | 0.46 | 0 | 1 | -0.27 | -0.11 | 157.38 | 145.00 | 5/23/2025 | Yes | 23 | 78 |
Dividend Stock List |
|
| ALL | Allstate Corp (The) | Options Chain | 4.10 | 4.30 | 1.20 | 5.00 | 0.24 | 0.34 | 11 | 2 | -0.25 | -0.11 | 204.99 | 195.00 | 5/16/2025 | Yes | 17 | 74 | None | |
| DRI | Darden Restaurants Inc | Options Chain | 4.20 | 4.40 | 1.20 | 5.00 | 0.24 | 0.31 | 21 | 11 | -0.30 | -0.08 | 200.68 | 190.00 | 5/16/2025 | No | 11 | 70 | None | |
| LRCX | Lam Research Corp | Options Chain | 2.50 | 2.73 | 0.48 | 2.00 | 0.24 | 0.58 | 83 | 67 | -0.29 | -0.06 | 65.22 | 60.00 | 5/16/2025 | Yes | 12 | 55 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 3.60 | 4.10 | 1.18 | 5.00 | 0.24 | 0.37 | 8 | 5 | -0.30 | -0.09 | 159.61 | 150.00 | 5/16/2025 | Yes | 12 | 59 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.60 | 0.70 | 0.23 | 1.00 | 0.23 | 0.34 | 1 | 0 | -0.27 | -0.02 | 30.63 | 29.00 | 5/16/2025 | Yes | 15 | 76 | None | |
| GFI | Gold Fields Ltd | Options Chain | 0.60 | 0.70 | 0.23 | 1.00 | 0.23 | 0.45 | 27 | 5 | -0.28 | -0.02 | 22.65 | 21.00 | 5/16/2025 | No | 11 | 59 | None | |
| FDX | Fedex Corp | Options Chain | 3.40 | 7.25 | 1.15 | 5.00 | 0.23 | 0.39 | 2 | 0 | -0.25 | -0.12 | 215.86 | 200.00 | 5/23/2025 | No | 14 | 64 | None | |
| EA | Electronic Arts Inc | Options Chain | 2.95 | 3.60 | 1.15 | 5.00 | 0.23 | 0.39 | 8 | 11 | -0.27 | -0.09 | 144.85 | 135.00 | 5/16/2025 | Yes | 15 | 64 | None | |
| SBUX | Starbucks Corp | Options Chain | 2.33 | 2.63 | 1.10 | 5.00 | 0.22 | 0.50 | 500 | 261 | -0.25 | -0.06 | 88.26 | 80.00 | 5/16/2025 | Yes | 10 | 54 | None | |
| OKE | Oneok Inc | Options Chain | 2.45 | 2.70 | 1.10 | 5.00 | 0.22 | 0.45 | 12 | 33 | -0.27 | -0.05 | 92.70 | 85.00 | 5/16/2025 | No | 11 | 71 | None | |
| ORCL | Oracle Corp | Options Chain | 2.96 | 3.55 | 1.09 | 5.00 | 0.22 | 0.45 | 173 | 369 | -0.24 | -0.08 | 137.23 | 125.00 | 5/16/2025 | No | 10 | 64 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.65 | 1.15 | 0.53 | 2.50 | 0.21 | 0.48 | 50 | 30 | -0.23 | -0.02 | 36.22 | 32.50 | 5/16/2025 | Yes | 13 | 72 | None | |
| GIS | General Mills Inc | Options Chain | 0.95 | 1.00 | 0.53 | 2.50 | 0.21 | 0.27 | 17 | 13 | -0.26 | -0.02 | 60.97 | 57.50 | 5/16/2025 | No | 14 | 60 | None | |
| MU | Micron Technology Inc | Options Chain | 2.32 | 2.35 | 1.03 | 5.00 | 0.21 | 0.63 | 713 | 861 | -0.23 | -0.06 | 74.34 | 65.00 | 5/16/2025 | No | 17 | 61 | None | |
| UL | Unilever plc | Options Chain | 0.95 | 1.10 | 0.50 | 2.50 | 0.20 | 0.25 | 22 | 10 | -0.29 | -0.02 | 62.55 | 60.00 | 5/16/2025 | No | 10 | 60 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.43 | 2 | 103 | -0.24 | -0.01 | 19.61 | 18.00 | 5/16/2025 | Yes | 14 | 68 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.50 | 0.65 | 0.20 | 1.00 | 0.20 | 0.27 | 7 | 4 | -0.28 | -0.01 | 35.63 | 34.00 | 5/16/2025 | Yes | 7 | 64 | None | |
| TGT | Target Corp | Options Chain | 2.12 | 2.20 | 0.97 | 5.00 | 0.19 | 0.46 | 847 | 423 | -0.24 | -0.05 | 94.28 | 85.00 | 5/16/2025 | No | 13 | 64 | None | |
| LNG | Cheniere Energy Inc | Options Chain | 4.00 | 4.40 | 0.95 | 5.00 | 0.19 | 0.41 | 72 | 3084 | -0.23 | -0.13 | 220.07 | 200.00 | 5/16/2025 | Yes | 10 | 71 | None | |
| TEL | TE Connectivity plc | Options Chain | 2.40 | 2.95 | 0.95 | 5.00 | 0.19 | 0.40 | 0 | 2 | -0.23 | -0.07 | 129.98 | 120.00 | 5/16/2025 | Yes | 13 | 64 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 2.00 | 2.15 | 0.95 | 5.00 | 0.19 | 0.38 | 16 | 26 | -0.24 | -0.06 | 107.53 | 100.00 | 5/16/2025 | Yes | 12 | 69 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.17 | 1.26 | 0.47 | 2.50 | 0.19 | 0.47 | 1033 | 1687 | -0.22 | -0.04 | 55.58 | 50.00 | 5/16/2025 | No | 15 | 57 | None | |
| EL | Estee Lauder Cos. Inc - Class A | Options Chain | 1.67 | 1.86 | 0.93 | 5.00 | 0.19 | 0.67 | 215 | 50 | -0.21 | -0.05 | 58.19 | 50.00 | 5/16/2025 | Yes | 13 | 51 | None | |
| COP | Conoco Phillips | Options Chain | 1.77 | 1.99 | 0.46 | 2.50 | 0.18 | 0.39 | 5 | 10 | -0.24 | -0.05 | 95.25 | 87.50 | 5/16/2025 | Yes | 9 | 76 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.35 | 1.70 | 0.90 | 5.00 | 0.18 | 0.43 | 65 | 0 | -0.21 | -0.05 | 77.23 | 70.00 | 5/16/2025 | No | 11 | 62 | None | |
| GPN | Global Payments Inc | Options Chain | 2.05 | 2.30 | 0.90 | 5.00 | 0.18 | 0.44 | 20 | 4250 | -0.24 | -0.06 | 92.98 | 85.00 | 5/16/2025 | Yes | 14 | 66 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.00 | 1.10 | 0.45 | 2.50 | 0.18 | 0.32 | 151 | 321 | -0.25 | -0.03 | 58.43 | 55.00 | 5/16/2025 | Yes | 15 | 75 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.30 | 0.35 | 0.18 | 1.00 | 0.18 | 0.41 | 25 | 0 | -0.27 | -0.01 | 12.89 | 12.00 | 5/16/2025 | Yes | 14 | 72 | None | |
| PAYX | Paychex Inc | Options Chain | 1.90 | 2.25 | 0.88 | 5.00 | 0.18 | 0.26 | 250 | 0 | -0.25 | -0.06 | 153.53 | 145.00 | 5/16/2025 | No | 15 | 63 | None | |
| BBY | Best Buy Co. Inc | Options Chain | 1.26 | 1.38 | 0.87 | 5.00 | 0.17 | 0.50 | 1907 | 198 | -0.20 | -0.04 | 70.10 | 55.00 | 5/16/2025 | No | 13 | 62 | None | |
| HD | Home Depot Inc | Options Chain | 6.90 | 8.20 | 0.85 | 5.00 | 0.17 | 0.32 | 0 | 100 | -0.27 | -0.18 | 355.91 | 335.00 | 5/23/2025 | Yes | 9 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.80 | 9.00 | 0.85 | 5.00 | 0.17 | 0.33 | 2 | 3 | -0.28 | -0.18 | 373.11 | 350.00 | 5/23/2025 | Yes | 15 | 69 | None | |
| NVO | Novo Nordisk | Options Chain | 1.81 | 2.98 | 0.15 | 1.00 | 0.15 | 0.48 | 0 | 10 | -0.29 | -0.05 | 67.10 | 62.00 | 5/23/2025 | Yes | 14 | 72 | None |
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