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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FANG | Diamondback Energy Inc | Options Chain | 1.90 | 5.00 | 1.80 | 5.00 | 0.36 | 0.41 | 50 | 26 | -0.24 | -0.07 | 143.50 | 130.00 | 12/19/2025 | Yes | 12 | 79 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 22.30 | 25.55 | 3.38 | 10.00 | 0.34 | 0.36 | 50 | 84 | -0.30 | -0.47 | 864.01 | 850.00 | 12/19/2025 | No | 14 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.10 | 5.40 | 1.45 | 5.00 | 0.29 | 0.39 | 11 | 9 | -0.30 | -0.09 | 181.32 | 170.00 | 12/19/2025 | Yes | 15 | 71 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.07 | 1.15 | 0.29 | 1.00 | 0.29 | 0.43 | 84 | 314 | -0.26 | -0.03 | 41.77 | 38.00 | 12/19/2025 | No | 12 | 60 | None | |
| GPN | Global Payments Inc | Options Chain | 2.35 | 4.60 | 1.43 | 5.00 | 0.29 | 0.63 | 16 | 5 | -0.28 | -0.07 | 77.75 | 70.00 | 12/19/2025 | No | 14 | 72 | None | |
| HD | Home Depot Inc | Options Chain | 7.35 | 7.75 | 1.42 | 5.00 | 0.28 | 0.29 | 6 | 12 | -0.30 | -0.14 | 379.50 | 360.00 | 12/19/2025 | Yes | 8 | 58 | None | |
| AMAT | Applied Materials Inc | Options Chain | 7.25 | 7.80 | 2.83 | 10.00 | 0.28 | 0.46 | 19 | 17 | -0.29 | -0.15 | 232.92 | 220.00 | 12/19/2025 | Yes | 15 | 68 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 5.25 | 5.60 | 1.40 | 5.00 | 0.28 | 0.55 | 21 | 102 | -0.26 | -0.12 | 162.09 | 145.00 | 12/19/2025 | Yes | 14 | 59 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.10 | 13.45 | 2.78 | 10.00 | 0.28 | 0.55 | 286 | 181 | -0.27 | -0.29 | 369.63 | 330.00 | 12/19/2025 | Yes | 9 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 8.75 | 9.15 | 2.75 | 10.00 | 0.28 | 0.59 | 267 | 251 | -0.25 | -0.21 | 262.31 | 230.00 | 12/19/2025 | Yes | 8 | 62 | None | |
| MCD | McDonald`s Corp | Options Chain | 4.70 | 4.90 | 1.35 | 5.00 | 0.27 | 0.23 | 40 | 62 | -0.30 | -0.09 | 298.12 | 285.00 | 12/19/2025 | Yes | 11 | 65 | None | |
| V | Visa Inc - Class A | Options Chain | 5.70 | 6.05 | 1.33 | 5.00 | 0.27 | 0.24 | 43 | 157 | -0.30 | -0.12 | 340.85 | 325.00 | 12/19/2025 | No | 9 | 70 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.90 | 3.90 | 1.32 | 5.00 | 0.26 | 0.43 | 3 | 0 | -0.24 | -0.07 | 115.25 | 105.00 | 12/19/2025 | Yes | 8 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 1.92 | 1.97 | 1.31 | 5.00 | 0.26 | 0.56 | 317 | 127 | -0.28 | -0.04 | 49.66 | 45.00 | 12/19/2025 | Yes | 16 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.50 | 5.20 | 1.30 | 5.00 | 0.26 | 0.29 | 69 | 32 | -0.25 | -0.11 | 307.31 | 285.00 | 12/19/2025 | No | 11 | 67 | None | |
| KR | Kroger Company | Options Chain | 1.23 | 1.70 | 0.65 | 2.50 | 0.26 | 0.32 | 9 | 6 | -0.30 | -0.02 | 63.61 | 60.00 | 12/19/2025 | Yes | 15 | 59 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 1.90 | 2.95 | 1.28 | 5.00 | 0.26 | 0.59 | 6 | 1 | -0.26 | -0.05 | 68.00 | 60.00 | 12/19/2025 | Yes | 18 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.20 | 7.45 | 2.50 | 10.00 | 0.25 | 0.37 | 594 | 752 | -0.27 | -0.15 | 340.80 | 310.00 | 12/19/2025 | No | 12 | 67 | None | |
| YUM | Yum Brands Inc | Options Chain | 1.65 | 2.80 | 1.25 | 5.00 | 0.25 | 0.29 | 6 | 1 | -0.25 | -0.05 | 137.90 | 130.00 | 12/19/2025 | Yes | 10 | 63 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.65 | 3.30 | 1.25 | 5.00 | 0.25 | 0.34 | 4 | 5 | -0.27 | -0.07 | 144.09 | 135.00 | 12/19/2025 | Yes | 12 | 61 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.95 | 0.25 | 1.00 | 0.25 | 0.24 | 1 | 0 | -0.28 | -0.01 | 46.65 | 44.00 | 12/19/2025 | No | 11 | 68 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.58 | 1.68 | 0.61 | 2.50 | 0.24 | 0.43 | 116 | 612 | -0.26 | -0.03 | 64.76 | 57.50 | 12/19/2025 | Yes | 8 | 55 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.45 | 7.65 | 1.20 | 5.00 | 0.24 | 0.24 | 124 | 440 | -0.27 | -0.19 | 517.70 | 495.00 | 12/19/2025 | No | 14 | 68 | None | |
| GM | General Motors Company | Options Chain | 1.38 | 1.47 | 0.60 | 2.50 | 0.24 | 0.30 | 268 | 44 | -0.29 | -0.03 | 69.09 | 65.00 | 12/19/2025 | No | 12 | 74 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.42 | 2.60 | 1.17 | 5.00 | 0.23 | 0.19 | 63 | 60 | -0.30 | -0.05 | 188.91 | 180.00 | 12/19/2025 | No | 12 | 76 | None | |
| COP | Conoco Phillips | Options Chain | 1.63 | 1.75 | 0.58 | 2.50 | 0.23 | 0.32 | 2 | 124 | -0.26 | -0.03 | 89.17 | 82.50 | 12/19/2025 | Yes | 11 | 76 | None | |
| GRMN | Garmin Ltd | Options Chain | 3.10 | 4.20 | 1.15 | 5.00 | 0.23 | 0.28 | 8 | 9 | -0.27 | -0.08 | 214.00 | 200.00 | 12/19/2025 | No | 18 | 64 |
Dividend Stock List |
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| LVS | Las Vegas Sands Corp | Options Chain | 1.28 | 1.51 | 0.56 | 2.50 | 0.22 | 0.36 | 48 | 23 | -0.27 | -0.03 | 58.39 | 57.50 | 12/19/2025 | No | 11 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.05 | 7.20 | 2.18 | 10.00 | 0.22 | 0.41 | 141 | 410 | -0.26 | -0.18 | 299.60 | 280.00 | 12/19/2025 | No | 22 | 74 |
Dividend Stock List |
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| JPM | JPMorgan Chase & Company | Options Chain | 4.75 | 5.00 | 1.08 | 5.00 | 0.22 | 0.26 | 88 | 252 | -0.26 | -0.13 | 311.12 | 295.00 | 12/19/2025 | No | 11 | 79 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.56 | 1.66 | 0.54 | 2.50 | 0.22 | 0.29 | 3 | 248 | -0.29 | -0.04 | 86.90 | 82.50 | 12/19/2025 | No | 11 | 65 | None | |
| A | Agilent Technologies Inc | Options Chain | 2.80 | 3.50 | 1.07 | 5.00 | 0.21 | 0.36 | 0 | 1 | -0.26 | -0.07 | 147.20 | 135.00 | 12/19/2025 | Yes | 12 | 56 | None | |
| GILD | Gilead Sciences Inc | Options Chain | 2.26 | 2.41 | 1.07 | 5.00 | 0.21 | 0.31 | 47 | 21 | -0.28 | -0.06 | 118.89 | 115.00 | 12/19/2025 | No | 11 | 72 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.20 | 1.27 | 0.53 | 2.50 | 0.21 | 0.30 | 297 | 210 | -0.25 | -0.03 | 73.10 | 70.00 | 12/19/2025 | Yes | 11 | 66 | None | |
| C | Citigroup Inc | Options Chain | 1.76 | 1.91 | 0.52 | 2.50 | 0.21 | 0.32 | 184 | 364 | -0.25 | -0.05 | 101.11 | 95.00 | 12/19/2025 | No | 16 | 83 | None | |
| MO | Altria Group Inc | Options Chain | 0.77 | 0.82 | 0.51 | 2.50 | 0.20 | 0.20 | 129 | 17 | -0.29 | -0.02 | 56.45 | 55.00 | 12/19/2025 | No | 11 | 66 | None | |
| WM | Waste Management Inc | Options Chain | 2.45 | 3.10 | 1.00 | 5.00 | 0.20 | 0.21 | 106 | 32 | -0.30 | -0.06 | 200.00 | 190.00 | 12/19/2025 | No | 11 | 68 | None | |
| WMT | Walmart Inc | Options Chain | 1.51 | 1.58 | 0.50 | 2.50 | 0.20 | 0.29 | 504 | 159 | -0.24 | -0.04 | 101.25 | 95.00 | 12/19/2025 | Yes | 9 | 59 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.20 | 0.55 | 0.20 | 1.00 | 0.20 | 0.37 | 0 | 1 | -0.26 | -0.01 | 15.98 | 15.00 | 12/19/2025 | Yes | 9 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.45 | 0.49 | 0.20 | 1.00 | 0.20 | 0.21 | 387 | 192 | -0.26 | -0.01 | 39.76 | 38.00 | 12/19/2025 | No | 15 | 65 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.00 | 1.30 | 0.20 | 1.00 | 0.20 | 0.34 | 1573 | 6 | -0.29 | -0.02 | 48.41 | 46.00 | 12/19/2025 | No | 14 | 65 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.36 | 170 | 234 | -0.30 | -0.01 | 16.98 | 16.00 | 12/19/2025 | No | 13 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.76 | 0.78 | 0.19 | 1.00 | 0.19 | 0.29 | 769 | 60 | -0.23 | -0.02 | 53.45 | 50.00 | 12/19/2025 | No | 12 | 74 | None | |
| TGT | Target Corp | Options Chain | 1.87 | 1.94 | 0.94 | 5.00 | 0.19 | 0.48 | 155 | 129 | -0.20 | -0.04 | 92.65 | 80.00 | 12/19/2025 | Yes | 13 | 66 | None | |
| SO | Southern Company | Options Chain | 1.05 | 1.45 | 0.47 | 2.50 | 0.19 | 0.19 | 9 | 1 | -0.30 | -0.02 | 94.20 | 90.00 | 12/19/2025 | No | 9 | 73 | None | |
| CVX | Chevron Corp | Options Chain | 1.89 | 2.03 | 0.91 | 5.00 | 0.18 | 0.24 | 202 | 160 | -0.23 | -0.03 | 158.05 | 145.00 | 12/19/2025 | Yes | 10 | 74 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.25 | 1.37 | 0.45 | 2.50 | 0.18 | 0.46 | 71 | 104 | -0.22 | -0.04 | 57.36 | 52.50 | 12/19/2025 | No | 13 | 65 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.62 | 0.84 | 0.45 | 2.50 | 0.18 | 0.41 | 13 | 19 | -0.24 | -0.02 | 32.51 | 30.00 | 12/19/2025 | Yes | 10 | 66 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.50 | 0.18 | 1.00 | 0.18 | 0.35 | 2 | 0 | -0.28 | -0.01 | 21.36 | 20.00 | 12/19/2025 | No | 13 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 0.63 | 0.67 | 0.43 | 2.50 | 0.17 | 0.18 | 1366 | 79 | -0.23 | -0.01 | 68.83 | 65.00 | 12/19/2025 | No | 10 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.64 | 0.71 | 0.39 | 2.50 | 0.16 | 0.36 | 127 | 21 | -0.22 | -0.02 | 41.10 | 37.50 | 12/19/2025 | Yes | 7 | 64 | None | |
| F | Ford Motor Company | Options Chain | 0.18 | 0.19 | 0.05 | 0.33 | 0.15 | 0.31 | 450 | 51 | -0.21 | 0.00 | 13.13 | 12.00 | 12/19/2025 | No | 16 | 54 | None |