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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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
MO Altria Group Inc Options Chain 0.85 1.15 0.58 1.00 0.58 0.20 58 0 -0.28 -0.01 59.31 57.00 7/25/2025 No 12 68 None
ORCL Oracle Corp Options Chain 4.80 5.50 1.32 2.50 0.53 0.43 1 0 -0.30 -0.10 168.10 160.00 7/25/2025 Yes 10 63 None
VZ Verizon Communications Inc Options Chain 0.71 0.76 0.44 1.00 0.44 0.23 6 0 -0.29 -0.01 43.24 41.00 7/25/2025 Yes 14 72 None
AAPL Apple Inc Options Chain 4.90 6.15 1.96 5.00 0.39 0.31 4 2 -0.30 -0.10 202.82 195.00 7/25/2025 No 10 64 None
AU AngloGold Ashanti Plc. Options Chain 1.25 1.40 0.33 1.00 0.33 0.46 4 1 -0.28 -0.03 46.13 43.00 7/18/2025 No 17 65 None
MSFT Microsoft Corporation Options Chain 5.90 8.05 1.55 5.00 0.31 0.22 14 0 -0.27 -0.17 463.87 450.00 7/25/2025 No 13 68 None
UNH Unitedhealth Group Inc Options Chain 7.50 9.35 1.40 5.00 0.28 0.34 11 0 -0.28 -0.12 300.38 280.00 7/25/2025 Yes 14 69 None
QCOM Qualcomm Inc Options Chain 2.89 3.60 1.37 5.00 0.27 0.35 2 0 -0.28 -0.09 149.05 140.00 7/25/2025 No 14 67 None
JCI Johnson Controls International plc Options Chain 1.55 1.75 0.63 2.50 0.25 0.26 0 5 -0.29 -0.04 102.33 97.50 7/18/2025 No 10 63 None
HPE Hewlett Packard Enterprise Company Options Chain 0.34 0.53 0.12 0.50 0.24 0.39 5 0 -0.27 -0.01 17.84 16.50 7/25/2025 No 18 67 None
CG Carlyle Group Inc (The) Options Chain 1.10 1.20 0.55 2.50 0.22 0.40 17 5 -0.29 -0.03 45.09 42.50 7/18/2025 No 14 58 None
BAC Bank Of America Corp Options Chain 0.74 0.93 0.22 1.00 0.22 0.29 1 0 -0.29 -0.01 44.36 42.00 7/25/2025 Yes 12 71 None
RIO Rio Tinto plc Options Chain 1.05 1.20 0.53 2.50 0.21 0.26 36 12 -0.30 -0.03 58.55 57.50 7/18/2025 No 15 76 None
FITB Fifth Third Bancorp Options Chain 0.70 0.80 0.20 1.00 0.20 0.31 0 5 -0.29 -0.02 38.45 36.00 7/18/2025 Yes 10 65 None
JPM JPMorgan Chase & Company Options Chain 2.83 5.00 0.98 5.00 0.20 0.27 1 0 -0.29 -0.09 264.22 250.00 7/25/2025 Yes 14 78 None
HAL Halliburton Company Options Chain 0.34 0.44 0.19 1.00 0.19 1.23 0 1 -0.24 -0.01 20.01 18.00 7/25/2025 No 12 57 None
CVX Chevron Corp Options Chain 0.37 3.85 0.93 5.00 0.19 0.26 0 4 -0.25 -0.06 137.37 130.00 7/25/2025 No 12 77 None
GFI Gold Fields Ltd Options Chain 0.50 0.60 0.18 1.00 0.18 0.46 31 22 -0.23 -0.02 25.04 23.00 7/18/2025 No 13 58 None
TD Toronto Dominion Bank Options Chain 0.80 0.90 0.43 2.50 0.17 0.19 21 0 -0.30 -0.02 69.58 67.50 7/18/2025 No 13 83 None
BHP BHP Group Ltd Options Chain 0.75 0.80 0.38 2.50 0.15 0.28 35 5 -0.26 -0.02 49.10 47.50 7/18/2025 No 14 25 None
VTRS Viatris Inc Options Chain 0.15 0.25 0.15 1.00 0.15 0.41 33 0 -0.25 -0.01 8.59 8.00 7/18/2025 No 7 50 None
RF Regions Financial Corp Options Chain 0.30 0.40 0.15 1.00 0.15 0.33 0 3 -0.25 -0.01 21.30 20.00 7/18/2025 Yes 14 71 None
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