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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GFI | Gold Fields Ltd | Options Chain | 0.70 | 1.80 | 0.78 | 1.00 | 0.78 | 0.45 | 23 | 0 | -0.27 | -0.02 | 23.90 | 22.00 | 8/15/2025 | No | 13 | 58 | None | |
| JNPR | Juniper Networks Inc | Options Chain | 0.60 | 0.65 | 0.43 | 1.00 | 0.43 | 0.25 | 473 | 791 | -0.25 | -0.01 | 36.61 | 35.00 | 8/15/2025 | Yes | 15 | 53 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 27.30 | 28.25 | 3.20 | 10.00 | 0.32 | 0.45 | 91 | 17 | -0.30 | -0.50 | 778.00 | 740.00 | 8/15/2025 | No | 11 | 65 | None | |
| EQNR | Equinor ASA | Options Chain | 0.40 | 0.75 | 0.30 | 1.00 | 0.30 | 0.30 | 1 | 1 | -0.30 | -0.01 | 25.25 | 24.00 | 8/15/2025 | Yes | 13 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 10.70 | 10.90 | 2.93 | 10.00 | 0.29 | 0.48 | 220 | 142 | -0.29 | -0.21 | 304.76 | 280.00 | 8/15/2025 | Yes | 14 | 69 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.19 | 1.22 | 0.29 | 1.00 | 0.29 | 0.39 | 17 | 54 | -0.29 | -0.02 | 42.00 | 39.00 | 8/15/2025 | Yes | 12 | 59 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 14.95 | 15.35 | 1.43 | 5.00 | 0.29 | 0.30 | 14 | 24 | -0.29 | -0.30 | 662.20 | 640.00 | 8/15/2025 | Yes | 14 | 77 | None | |
| LRCX | Lam Research Corp | Options Chain | 2.82 | 2.91 | 0.57 | 2.00 | 0.28 | 0.40 | 11 | 11 | -0.29 | -0.06 | 95.79 | 90.00 | 8/15/2025 | No | 11 | 64 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.00 | 8.15 | 2.70 | 10.00 | 0.27 | 0.39 | 412 | 418 | -0.30 | -0.15 | 264.00 | 250.00 | 8/15/2025 | No | 8 | 67 | None | |
| NEM | Newmont Corp | Options Chain | 1.53 | 1.59 | 0.67 | 2.50 | 0.27 | 0.35 | 8 | 76 | -0.29 | -0.03 | 58.18 | 55.00 | 8/15/2025 | Yes | 16 | 70 | None | |
| ORCL | Oracle Corp | Options Chain | 4.85 | 5.05 | 1.30 | 5.00 | 0.26 | 0.31 | 299 | 154 | -0.29 | -0.09 | 215.22 | 200.00 | 8/15/2025 | No | 9 | 52 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.35 | 1.75 | 0.65 | 2.50 | 0.26 | 0.40 | 4 | 10 | -0.28 | -0.04 | 55.66 | 52.50 | 8/15/2025 | No | 14 | 64 | None | |
| AMAT | Applied Materials Inc | Options Chain | 4.60 | 4.75 | 1.25 | 5.00 | 0.25 | 0.39 | 83 | 40 | -0.27 | -0.11 | 180.31 | 170.00 | 8/15/2025 | Yes | 16 | 70 | None | |
| INTC | Intel Corp | Options Chain | 0.69 | 0.73 | 0.25 | 1.00 | 0.25 | 0.52 | 276 | 304 | -0.26 | -0.02 | 22.67 | 20.00 | 8/15/2025 | Yes | 5 | 46 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.67 | 0.70 | 0.25 | 1.00 | 0.25 | 0.22 | 300 | 240 | -0.26 | -0.01 | 42.65 | 40.00 | 8/15/2025 | Yes | 14 | 62 | None | |
| HAL | Halliburton Company | Options Chain | 0.58 | 0.62 | 0.25 | 1.00 | 0.25 | 0.40 | 39 | 32 | -0.29 | -0.01 | 20.80 | 19.00 | 8/15/2025 | No | 12 | 57 | None | |
| RF | Regions Financial Corp | Options Chain | 0.25 | 0.70 | 0.25 | 1.00 | 0.25 | 0.27 | 12 | 63 | -0.30 | -0.01 | 22.88 | 22.00 | 8/15/2025 | Yes | 14 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.00 | 6.10 | 2.45 | 10.00 | 0.25 | 0.37 | 367 | 182 | -0.28 | -0.12 | 219.75 | 210.00 | 8/15/2025 | Yes | 24 | 74 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 3.85 | 4.00 | 1.18 | 5.00 | 0.24 | 0.38 | 57 | 23 | -0.27 | -0.09 | 156.00 | 145.00 | 8/15/2025 | Yes | 13 | 65 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.70 | 0.85 | 0.23 | 1.00 | 0.23 | 0.34 | 0 | 30 | -0.26 | -0.02 | 38.01 | 35.00 | 8/15/2025 | Yes | 12 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.92 | 0.94 | 0.23 | 1.00 | 0.23 | 0.27 | 404 | 3815 | -0.29 | -0.02 | 46.65 | 45.00 | 8/15/2025 | Yes | 12 | 73 | None | |
| V | Visa Inc - Class A | Options Chain | 6.20 | 7.05 | 1.15 | 5.00 | 0.23 | 0.27 | 248 | 38 | -0.27 | -0.13 | 351.98 | 330.00 | 8/15/2025 | Yes | 12 | 69 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.58 | 1.61 | 0.57 | 2.50 | 0.23 | 0.29 | 503 | 535 | -0.28 | -0.03 | 78.10 | 75.00 | 8/15/2025 | Yes | 13 | 72 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.75 | 1.84 | 0.56 | 2.50 | 0.22 | 0.30 | 2 | 0 | -0.28 | -0.04 | 89.39 | 85.00 | 8/15/2025 | Yes | 12 | 67 | None | |
| FAST | Fastenal Company | Options Chain | 0.75 | 0.90 | 0.28 | 1.25 | 0.22 | 0.30 | 6 | 0 | -0.29 | -0.02 | 41.56 | 38.75 | 8/15/2025 | Yes | 11 | 51 | None | |
| AAPL | Apple Inc | Options Chain | 3.85 | 3.95 | 1.10 | 5.00 | 0.22 | 0.30 | 1221 | 964 | -0.26 | -0.09 | 200.79 | 190.00 | 8/15/2025 | Yes | 10 | 64 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.85 | 5.00 | 1.10 | 5.00 | 0.22 | 0.26 | 76 | 84 | -0.27 | -0.09 | 281.15 | 270.00 | 8/15/2025 | Yes | 14 | 78 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.11 | 1.13 | 0.55 | 2.50 | 0.22 | 0.36 | 159 | 91 | -0.29 | -0.02 | 42.54 | 40.00 | 8/15/2025 | No | 12 | 66 | None | |
| MDT | Medtronic Plc | Options Chain | 1.23 | 1.37 | 0.55 | 2.50 | 0.22 | 0.22 | 1 | 19 | -0.29 | -0.02 | 86.41 | 82.50 | 8/15/2025 | No | 12 | 63 | None | |
| SBUX | Starbucks Corp | Options Chain | 2.22 | 2.28 | 1.09 | 5.00 | 0.22 | 0.36 | 786 | 64 | -0.28 | -0.04 | 91.39 | 85.00 | 8/15/2025 | No | 10 | 55 | None | |
| MS | Morgan Stanley | Options Chain | 2.61 | 3.15 | 1.09 | 5.00 | 0.22 | 0.30 | 138 | 3 | -0.28 | -0.05 | 136.50 | 130.00 | 8/15/2025 | Yes | 14 | 75 | None | |
| TGT | Target Corp | Options Chain | 2.24 | 2.37 | 1.09 | 5.00 | 0.22 | 0.36 | 132 | 54 | -0.28 | -0.04 | 97.58 | 90.00 | 8/15/2025 | No | 14 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.15 | 9.30 | 1.08 | 5.00 | 0.22 | 0.24 | 343 | 1395 | -0.30 | -0.19 | 490.00 | 475.00 | 8/15/2025 | Yes | 13 | 68 | None | |
| GM | General Motors Company | Options Chain | 1.12 | 1.20 | 0.54 | 2.50 | 0.22 | 0.36 | 126 | 103 | -0.27 | -0.03 | 49.25 | 45.00 | 8/15/2025 | Yes | 14 | 68 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.05 | 2.40 | 0.53 | 2.50 | 0.21 | 0.32 | 11 | 0 | -0.27 | -0.05 | 102.98 | 97.50 | 8/15/2025 | No | 10 | 63 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.89 | 1.99 | 1.05 | 5.00 | 0.21 | 0.35 | 888 | 216 | -0.28 | -0.04 | 80.33 | 75.00 | 8/15/2025 | Yes | 15 | 73 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.30 | 1.50 | 1.05 | 5.00 | 0.21 | 0.27 | 18 | 4 | -0.30 | -0.03 | 75.49 | 70.00 | 8/15/2025 | Yes | 9 | 57 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.85 | 4.05 | 1.04 | 5.00 | 0.21 | 0.21 | 76 | 54 | -0.27 | -0.10 | 291.34 | 275.00 | 8/15/2025 | Yes | 9 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 1.07 | 1.11 | 0.52 | 2.50 | 0.21 | 0.21 | 182 | 136 | -0.30 | -0.02 | 70.20 | 67.50 | 8/15/2025 | Yes | 9 | 69 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.44 | 2.53 | 1.02 | 5.00 | 0.20 | 0.38 | 138 | 95 | -0.23 | -0.05 | 120.69 | 110.00 | 8/15/2025 | No | 15 | 64 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.85 | 0.88 | 0.51 | 2.50 | 0.20 | 0.39 | 126 | 19 | -0.27 | -0.02 | 32.42 | 30.00 | 8/15/2025 | No | 9 | 66 | None | |
| GE | General Electric Company | Options Chain | 5.25 | 5.45 | 2.00 | 10.00 | 0.20 | 0.37 | 79 | 43 | -0.24 | -0.12 | 248.86 | 230.00 | 8/15/2025 | Yes | 9 | 64 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.39 | 1.45 | 0.50 | 2.50 | 0.20 | 0.43 | 2211 | 96 | -0.22 | -0.03 | 61.41 | 55.00 | 8/15/2025 | Yes | 16 | 60 | None | |
| HPQ | HP Inc | Options Chain | 0.46 | 0.49 | 0.20 | 1.00 | 0.20 | 0.32 | 3 | 60 | -0.26 | -0.01 | 24.53 | 23.00 | 8/15/2025 | No | 12 | 54 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.35 | 1 | 0 | -0.26 | -0.01 | 20.38 | 19.00 | 8/15/2025 | Yes | 15 | 68 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 2.15 | 2.35 | 0.98 | 5.00 | 0.20 | 0.36 | 15 | 11 | -0.23 | -0.06 | 119.50 | 110.00 | 8/15/2025 | Yes | 15 | 71 | None | |
| C | Citigroup Inc | Options Chain | 1.42 | 1.44 | 0.49 | 2.50 | 0.20 | 0.29 | 152 | 210 | -0.27 | -0.03 | 81.25 | 77.50 | 8/15/2025 | Yes | 18 | 85 | None | |
| GIS | General Mills Inc | Options Chain | 0.70 | 0.80 | 0.48 | 2.50 | 0.19 | 0.26 | 360 | 172 | -0.23 | -0.01 | 53.46 | 47.50 | 8/15/2025 | Yes | 12 | 62 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.13 | 1.18 | 0.47 | 2.50 | 0.19 | 0.30 | 0 | 5 | -0.24 | -0.02 | 71.00 | 65.00 | 8/15/2025 | No | 13 | 68 | None | |
| FDX | Fedex Corp | Options Chain | 3.55 | 3.80 | 1.87 | 10.00 | 0.19 | 0.27 | 465 | 349 | -0.25 | -0.09 | 215.84 | 210.00 | 8/15/2025 | Yes | 14 | 64 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 1.85 | 2.00 | 0.93 | 5.00 | 0.19 | 0.35 | 13 | 1 | -0.25 | -0.05 | 95.78 | 90.00 | 8/15/2025 | Yes | 8 | 58 | None | |
| CVX | Chevron Corp | Options Chain | 2.07 | 2.25 | 0.92 | 5.00 | 0.18 | 0.27 | 145 | 109 | -0.24 | -0.06 | 143.75 | 135.00 | 8/15/2025 | Yes | 12 | 75 | None | |
| MOS | Mosaic Company | Options Chain | 0.61 | 0.84 | 0.45 | 2.50 | 0.18 | 0.36 | 4 | 0 | -0.22 | -0.02 | 36.25 | 32.50 | 8/15/2025 | No | 14 | 62 | None | |
| WMT | Walmart Inc | Options Chain | 1.30 | 1.35 | 0.45 | 2.50 | 0.18 | 0.24 | 121 | 196 | -0.24 | -0.03 | 98.00 | 92.50 | 8/15/2025 | No | 11 | 56 | None | |
| BP | BP plc | Options Chain | 0.45 | 0.52 | 0.18 | 1.00 | 0.18 | 0.31 | 106 | 14 | -0.24 | -0.01 | 29.86 | 28.00 | 8/15/2025 | Yes | 8 | 54 | None | |
| NVO | Novo Nordisk | Options Chain | 1.47 | 1.75 | 0.88 | 5.00 | 0.18 | 0.47 | 452 | 480 | -0.22 | -0.04 | 70.70 | 60.00 | 8/15/2025 | No | 15 | 73 | None | |
| PEP | PepsiCo Inc | Options Chain | 1.95 | 2.00 | 0.87 | 5.00 | 0.17 | 0.28 | 636 | 100 | -0.23 | -0.05 | 131.05 | 120.00 | 8/15/2025 | Yes | 12 | 63 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.32 | 0.35 | 0.17 | 1.00 | 0.17 | 0.35 | 226 | 27 | -0.23 | -0.01 | 18.19 | 17.00 | 8/15/2025 | No | 16 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.43 | 0.47 | 0.17 | 1.00 | 0.17 | 0.29 | 279 | 333 | -0.24 | -0.01 | 28.25 | 26.00 | 8/15/2025 | Yes | 10 | 66 | None | |
| WM | Waste Management Inc | Options Chain | 2.95 | 3.40 | 1.70 | 10.00 | 0.17 | 0.21 | 36 | 13 | -0.27 | -0.09 | 234.05 | 220.00 | 8/15/2025 | Yes | 10 | 64 | None | |
| GILD | Gilead Sciences Inc | Options Chain | 2.23 | 3.00 | 0.42 | 2.50 | 0.17 | 0.36 | 30 | 14 | -0.30 | -0.06 | 107.23 | 100.00 | 8/15/2025 | No | 12 | 72 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.60 | 0.65 | 0.40 | 2.50 | 0.16 | 0.29 | 51 | 4 | -0.25 | -0.01 | 35.25 | 32.50 | 8/15/2025 | Yes | 12 | 54 | None |
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