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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | Lam Research Corp | Options Chain | 3.35 | 4.55 | 1.16 | 1.00 | 1.16 | 0.42 | 10 | 3 | -0.29 | -0.07 | 115.58 | 109.00 | 10/31/2025 | Yes | 14 | 64 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.89 | 2.27 | 1.13 | 1.00 | 1.13 | 0.34 | 2 | 7 | -0.30 | -0.03 | 85.15 | 78.00 | 10/31/2025 | Yes | 14 | 73 | None | |
| HAL | Halliburton Company | Options Chain | 0.61 | 0.76 | 0.40 | 0.50 | 0.80 | 0.39 | 1 | 0 | -0.30 | -0.01 | 22.31 | 21.00 | 10/31/2025 | Yes | 12 | 64 | None | |
| MO | Altria Group Inc | Options Chain | 0.85 | 2.22 | 0.72 | 1.00 | 0.72 | 0.29 | 1 | 4 | -0.27 | -0.01 | 66.36 | 63.00 | 10/31/2025 | Yes | 11 | 66 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.62 | 0.76 | 0.43 | 1.00 | 0.43 | 0.33 | 0 | 1 | -0.27 | -0.01 | 33.06 | 31.00 | 10/31/2025 | Yes | 15 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.22 | 1.42 | 0.41 | 1.00 | 0.41 | 0.40 | 5 | 4 | -0.29 | -0.02 | 45.92 | 42.00 | 10/31/2025 | Yes | 12 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 10.20 | 11.00 | 1.87 | 5.00 | 0.37 | 0.40 | 11 | 29 | -0.30 | -0.18 | 353.61 | 330.00 | 10/31/2025 | Yes | 12 | 67 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.56 | 1.55 | 0.37 | 1.00 | 0.37 | 0.35 | 0 | 3 | -0.26 | -0.02 | 35.29 | 32.00 | 10/31/2025 | No | 10 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.45 | 10.40 | 1.83 | 5.00 | 0.37 | 0.25 | 123 | 13 | -0.29 | -0.21 | 501.01 | 490.00 | 10/31/2025 | Yes | 13 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.90 | 7.35 | 1.50 | 5.00 | 0.30 | 0.36 | 4 | 6 | -0.30 | -0.14 | 258.91 | 245.00 | 10/31/2025 | Yes | 23 | 76 |
Dividend Stock List |
|
| DHI | D.R. Horton Inc | Options Chain | 4.30 | 4.90 | 0.75 | 2.50 | 0.30 | 0.37 | 0 | 5 | -0.29 | -0.10 | 181.01 | 167.50 | 10/31/2025 | Yes | 13 | 70 | None | |
| CVS | CVS Health Corp | Options Chain | 1.62 | 1.91 | 0.30 | 1.00 | 0.30 | 0.35 | 1 | 0 | -0.27 | -0.03 | 74.67 | 70.00 | 10/31/2025 | Yes | 11 | 64 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.92 | 1.17 | 0.30 | 1.00 | 0.30 | 0.22 | 15 | 3 | -0.30 | -0.02 | 67.69 | 64.00 | 10/31/2025 | No | 11 | 66 | None | |
| PM | Philip Morris International Inc | Options Chain | 3.10 | 3.90 | 1.45 | 5.00 | 0.29 | 0.33 | 6 | 0 | -0.26 | -0.06 | 167.90 | 155.00 | 10/31/2025 | Yes | 10 | 71 | None | |
| NVO | Novo Nordisk | Options Chain | 1.37 | 1.66 | 0.29 | 1.00 | 0.29 | 0.42 | 4 | 2 | -0.26 | -0.03 | 54.30 | 51.00 | 10/31/2025 | No | 16 | 71 | None | |
| NKE | Nike Inc - Class B | Options Chain | 2.00 | 2.07 | 0.29 | 1.00 | 0.29 | 0.41 | 8 | 2 | -0.28 | -0.04 | 74.33 | 68.00 | 10/31/2025 | Yes | 6 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.57 | 1.85 | 0.28 | 1.00 | 0.28 | 0.22 | 0 | 5 | -0.28 | -0.04 | 112.14 | 108.00 | 10/31/2025 | Yes | 11 | 75 | None | |
| WMT | Walmart Inc | Options Chain | 1.41 | 1.61 | 0.28 | 1.00 | 0.28 | 0.21 | 9 | 0 | -0.30 | -0.03 | 102.65 | 100.00 | 10/31/2025 | No | 9 | 59 | None | |
| ACN | Accenture plc - Class A | Options Chain | 6.00 | 6.70 | 1.40 | 5.00 | 0.28 | 0.41 | 4 | 1 | -0.27 | -0.12 | 238.54 | 220.00 | 10/31/2025 | Yes | 17 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 7.50 | 10.00 | 1.40 | 5.00 | 0.28 | 0.46 | 63 | 39 | -0.28 | -0.18 | 307.86 | 270.00 | 10/31/2025 | No | 8 | 62 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.45 | 9.95 | 1.37 | 5.00 | 0.27 | 0.40 | 8 | 12 | -0.28 | -0.20 | 359.87 | 335.00 | 10/31/2025 | No | 9 | 67 | None | |
| TGT | Target Corp | Options Chain | 2.02 | 2.10 | 0.27 | 1.00 | 0.27 | 0.30 | 3 | 2 | -0.30 | -0.04 | 91.52 | 86.00 | 10/31/2025 | No | 13 | 66 | None | |
| MOS | Mosaic Company | Options Chain | 0.78 | 1.03 | 0.27 | 1.00 | 0.27 | 0.35 | 0 | 5 | -0.30 | -0.02 | 33.68 | 32.00 | 10/31/2025 | No | 16 | 70 | None | |
| C | Citigroup Inc | Options Chain | 2.16 | 2.53 | 0.27 | 1.00 | 0.27 | 0.31 | 1 | 0 | -0.30 | -0.05 | 99.44 | 95.00 | 10/31/2025 | Yes | 16 | 81 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.00 | 0.80 | 0.25 | 1.00 | 0.25 | 0.36 | 17 | 1 | -0.19 | -0.02 | 26.52 | 25.00 | 10/31/2025 | Yes | 6 | 59 | None | |
| DOW | Dow Inc | Options Chain | 0.91 | 0.99 | 0.25 | 1.00 | 0.25 | 0.52 | 11 | 0 | -0.29 | -0.02 | 25.02 | 23.00 | 10/31/2025 | Yes | 11 | 50 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.80 | 0.96 | 0.23 | 1.00 | 0.23 | 0.31 | 0 | 12 | -0.26 | -0.02 | 46.02 | 43.00 | 10/31/2025 | No | 7 | 62 | None | |
| CSX | CSX Corp | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.26 | 1 | 0 | -0.28 | -0.01 | 32.85 | 31.00 | 10/31/2025 | Yes | 9 | 57 | None | |
| KO | Coca-Cola Company | Options Chain | 0.75 | 0.81 | 0.21 | 1.00 | 0.21 | 0.20 | 1 | 46 | -0.25 | -0.01 | 67.62 | 64.00 | 10/31/2025 | Yes | 11 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.80 | 0.90 | 0.21 | 1.00 | 0.21 | 0.27 | 0 | 30 | -0.26 | -0.02 | 50.58 | 48.00 | 10/31/2025 | Yes | 11 | 74 | None | |
| NTR | Nutrien Ltd | Options Chain | 0.90 | 1.05 | 0.20 | 1.00 | 0.20 | 0.26 | 1 | 0 | -0.28 | -0.02 | 57.12 | 54.00 | 10/31/2025 | No | 13 | 67 | None | |
| AMAT | Applied Materials Inc | Options Chain | 1.98 | 4.35 | 0.99 | 5.00 | 0.20 | 0.32 | 0 | 12 | -0.23 | -0.08 | 167.80 | 155.00 | 10/31/2025 | No | 16 | 68 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.82 | 0.19 | 1.00 | 0.19 | 0.28 | 1 | 0 | -0.25 | -0.02 | 45.30 | 43.00 | 10/31/2025 | Yes | 17 | 72 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.71 | 0.77 | 0.19 | 1.00 | 0.19 | 0.22 | 26 | 9 | -0.28 | -0.01 | 44.14 | 42.00 | 10/31/2025 | Yes | 14 | 72 | None | |
| KGC | Kinross Gold Corp | Options Chain | 0.47 | 0.67 | 0.09 | 0.50 | 0.18 | 0.40 | 0 | 1 | -0.27 | -0.01 | 23.26 | 21.50 | 10/31/2025 | No | 16 | 49 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.76 | 2.23 | 0.84 | 5.00 | 0.17 | 0.22 | 0 | 1 | -0.26 | -0.04 | 158.63 | 150.00 | 10/31/2025 | Yes | 11 | 71 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.85 | 3.40 | 0.82 | 5.00 | 0.16 | 0.32 | 8 | 4 | -0.22 | -0.08 | 161.51 | 150.00 | 10/31/2025 | No | 15 | 64 | None | |
| SLB | SLB | Options Chain | 0.55 | 0.86 | 0.16 | 1.00 | 0.16 | 0.35 | 1 | 0 | -0.25 | -0.02 | 36.00 | 33.00 | 10/31/2025 | Yes | 12 | 69 | None | |
| KR | Kroger Company | Options Chain | 0.65 | 0.95 | 0.15 | 1.00 | 0.15 | 0.22 | 5 | 0 | -0.26 | -0.02 | 67.23 | 65.00 | 10/31/2025 | No | 13 | 59 | None |