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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OVV | Ovintiv Inc | Options Chain | 0.95 | 1.30 | 0.33 | 1.00 | 0.33 | 0.42 | 2 | 0 | -0.26 | -0.03 | 44.14 | 41.00 | 5/16/2025 | Yes | 12 | 74 | None | |
| GM | General Motors Company | Options Chain | 1.39 | 1.41 | 0.33 | 1.00 | 0.33 | 0.42 | 1086 | 772 | -0.29 | -0.03 | 47.26 | 45.00 | 5/16/2025 | Yes | 16 | 67 | None | |
| LRCX | Lam Research Corp | Options Chain | 2.30 | 2.58 | 0.63 | 2.00 | 0.32 | 0.50 | 325 | 12 | -0.27 | -0.05 | 72.83 | 68.00 | 5/16/2025 | Yes | 12 | 62 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.10 | 1.30 | 0.73 | 2.50 | 0.29 | 0.28 | 22 | 24 | -0.30 | -0.03 | 59.90 | 57.50 | 5/16/2025 | Yes | 15 | 75 | None | |
| INTC | Intel Corp | Options Chain | 0.85 | 0.88 | 0.29 | 1.00 | 0.29 | 0.59 | 487 | 2106 | -0.28 | -0.02 | 22.05 | 20.00 | 5/16/2025 | Yes | 6 | 46 | None | |
| COST | Costco Wholesale Corp | Options Chain | 15.85 | 17.15 | 1.38 | 5.00 | 0.28 | 0.25 | 14 | 12 | -0.29 | -0.38 | 954.40 | 930.00 | 5/16/2025 | No | 15 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.15 | 4.50 | 1.31 | 5.00 | 0.26 | 0.40 | 43 | 339 | -0.28 | -0.10 | 154.08 | 145.00 | 5/16/2025 | Yes | 16 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 4.80 | 5.00 | 1.30 | 5.00 | 0.26 | 0.42 | 84 | 253 | -0.29 | -0.11 | 170.39 | 160.00 | 5/16/2025 | Yes | 23 | 74 |
Dividend Stock List |
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| FCX | Freeport-McMoRan Inc | Options Chain | 1.00 | 1.04 | 0.26 | 1.00 | 0.26 | 0.45 | 13 | 14 | -0.26 | -0.02 | 38.13 | 35.00 | 5/16/2025 | Yes | 11 | 56 | None | |
| LDOS | Leidos Holdings Inc | Options Chain | 2.65 | 3.20 | 1.28 | 5.00 | 0.26 | 0.42 | 27 | 59 | -0.23 | -0.08 | 134.96 | 130.00 | 5/16/2025 | Yes | 13 | 67 | None | |
| BAH | Booz Allen Hamilton Holding Corp - Class A | Options Chain | 3.30 | 3.60 | 1.28 | 5.00 | 0.26 | 0.45 | 11 | 95 | -0.29 | -0.08 | 112.83 | 105.00 | 5/16/2025 | No | 15 | 65 | None | |
| SWKS | Skyworks Solutions Inc | Options Chain | 1.80 | 1.90 | 0.63 | 2.50 | 0.25 | 0.45 | 1 | 0 | -0.27 | -0.04 | 64.80 | 60.00 | 5/16/2025 | Yes | 16 | 62 |
Dividend Stock List |
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| C | Citigroup Inc | Options Chain | 1.75 | 1.78 | 0.63 | 2.50 | 0.25 | 0.36 | 87 | 228 | -0.29 | -0.03 | 71.76 | 67.50 | 5/16/2025 | Yes | 14 | 85 | None | |
| STM | ST Microelectronics | Options Chain | 0.65 | 0.75 | 0.25 | 1.00 | 0.25 | 0.52 | 5 | 2 | -0.26 | -0.02 | 21.91 | 20.00 | 5/16/2025 | Yes | 15 | 57 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.95 | 1.05 | 0.25 | 1.00 | 0.25 | 0.44 | 0 | 1 | -0.27 | -0.02 | 37.02 | 34.00 | 5/16/2025 | Yes | 11 | 69 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.05 | 8.20 | 1.23 | 5.00 | 0.25 | 0.31 | 131 | 142 | -0.30 | -0.18 | 382.14 | 365.00 | 5/16/2025 | Yes | 15 | 69 | None | |
| IBKR | Interactive Brokers Group Inc - Class A | Options Chain | 5.00 | 5.30 | 1.20 | 5.00 | 0.24 | 0.48 | 2 | 7 | -0.26 | -0.12 | 173.08 | 160.00 | 5/16/2025 | Yes | 10 | 72 | None | |
| CG | Carlyle Group Inc (The) | Options Chain | 1.30 | 1.45 | 0.60 | 2.50 | 0.24 | 0.48 | 7 | 18 | -0.27 | -0.03 | 44.27 | 42.50 | 5/16/2025 | Yes | 10 | 59 | None | |
| PM | Philip Morris International Inc | Options Chain | 3.00 | 3.30 | 1.18 | 5.00 | 0.24 | 0.28 | 31 | 130 | -0.30 | -0.07 | 156.17 | 150.00 | 5/16/2025 | Yes | 8 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.21 | 1.28 | 0.59 | 2.50 | 0.24 | 0.37 | 212 | 93 | -0.26 | -0.02 | 59.60 | 55.00 | 5/16/2025 | Yes | 6 | 57 | None | |
| WMT | Walmart Inc | Options Chain | 1.69 | 1.74 | 0.58 | 2.50 | 0.23 | 0.31 | 316 | 429 | -0.27 | -0.04 | 89.76 | 85.00 | 5/16/2025 | No | 9 | 57 | None | |
| MO | Altria Group Inc | Options Chain | 0.93 | 1.10 | 0.58 | 2.50 | 0.23 | 0.25 | 315 | 122 | -0.29 | -0.02 | 57.12 | 55.00 | 5/16/2025 | Yes | 13 | 69 | None | |
| WES | Western Midstream Partners LP | Options Chain | 0.60 | 0.75 | 0.23 | 1.00 | 0.23 | 0.26 | 5 | 0 | -0.22 | -0.01 | 41.61 | 39.00 | 5/16/2025 | Yes | 9 | 64 | None | |
| GFI | Gold Fields Ltd | Options Chain | 0.55 | 0.60 | 0.23 | 1.00 | 0.23 | 0.43 | 4 | 0 | -0.26 | -0.01 | 22.76 | 21.00 | 5/16/2025 | No | 11 | 59 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.90 | 1.00 | 0.23 | 1.00 | 0.23 | 0.35 | 3 | 0 | -0.27 | -0.02 | 44.92 | 42.00 | 5/16/2025 | Yes | 13 | 67 | None | |
| HD | Home Depot Inc | Options Chain | 5.85 | 6.10 | 1.15 | 5.00 | 0.23 | 0.26 | 26 | 103 | -0.27 | -0.16 | 365.52 | 355.00 | 5/16/2025 | Yes | 9 | 60 | None | |
| CVS | CVS Health Corp | Options Chain | 1.54 | 1.63 | 0.57 | 2.50 | 0.23 | 0.41 | 565 | 10 | -0.26 | -0.03 | 67.98 | 62.50 | 5/16/2025 | Yes | 12 | 65 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.42 | 1.58 | 0.57 | 2.50 | 0.23 | 0.30 | 25 | 32 | -0.30 | -0.04 | 70.48 | 67.50 | 5/16/2025 | Yes | 11 | 64 | None | |
| GE | General Electric Company | Options Chain | 4.05 | 4.20 | 1.11 | 5.00 | 0.22 | 0.38 | 32 | 9 | -0.24 | -0.11 | 203.79 | 185.00 | 5/16/2025 | Yes | 7 | 65 | None | |
| KGC | Kinross Gold Corp | Options Chain | 0.30 | 0.40 | 0.22 | 1.00 | 0.22 | 0.42 | 40 | 22 | -0.28 | -0.01 | 12.60 | 12.00 | 5/16/2025 | Yes | 16 | 47 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 1.20 | 1.65 | 0.53 | 2.50 | 0.21 | 0.31 | 0 | 2 | -0.27 | -0.04 | 76.45 | 72.50 | 5/16/2025 | Yes | 16 | 58 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.65 | 2.16 | 1.05 | 5.00 | 0.21 | 0.20 | 90 | 74 | -0.25 | -0.05 | 153.25 | 150.00 | 5/16/2025 | Yes | 10 | 62 | None | |
| DG | Dollar General Corp | Options Chain | 1.95 | 2.05 | 1.05 | 5.00 | 0.21 | 0.33 | 97 | 70 | -0.29 | -0.04 | 87.60 | 85.00 | 5/16/2025 | No | 12 | 63 | None | |
| HAL | Halliburton Company | Options Chain | 0.51 | 0.54 | 0.21 | 1.00 | 0.21 | 0.36 | 28 | 25 | -0.26 | -0.01 | 25.55 | 24.00 | 5/16/2025 | Yes | 13 | 67 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.37 | 0.39 | 0.21 | 1.00 | 0.21 | 0.40 | 423 | 4 | -0.26 | -0.01 | 15.64 | 15.00 | 5/16/2025 | No | 18 | 68 | None | |
| LNG | Cheniere Energy Inc | Options Chain | 4.60 | 4.90 | 2.08 | 10.00 | 0.21 | 0.34 | 47 | 48 | -0.27 | -0.12 | 230.95 | 220.00 | 5/16/2025 | Yes | 10 | 70 | None | |
| MU | Micron Technology Inc | Options Chain | 2.25 | 2.30 | 1.04 | 5.00 | 0.21 | 0.49 | 3838 | 523 | -0.23 | -0.06 | 88.60 | 80.00 | 5/16/2025 | No | 17 | 59 | None | |
| NEM | Newmont Corp | Options Chain | 0.93 | 1.06 | 0.52 | 2.50 | 0.21 | 0.38 | 40 | 242 | -0.24 | -0.03 | 48.73 | 45.00 | 5/16/2025 | Yes | 10 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.43 | 2.63 | 0.52 | 2.50 | 0.21 | 0.37 | 74 | 69 | -0.27 | -0.04 | 72.26 | 67.50 | 5/16/2025 | Yes | 16 | 73 | None | |
| ORCL | Oracle Corp | Options Chain | 3.20 | 3.30 | 1.01 | 5.00 | 0.20 | 0.39 | 463 | 440 | -0.26 | -0.08 | 145.86 | 135.00 | 5/16/2025 | No | 10 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.05 | 4.20 | 1.00 | 5.00 | 0.20 | 0.31 | 376 | 151 | -0.24 | -0.09 | 243.66 | 230.00 | 5/16/2025 | Yes | 16 | 78 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 1.95 | 2.15 | 1.00 | 5.00 | 0.20 | 0.35 | 38 | 43 | -0.25 | -0.06 | 107.53 | 100.00 | 5/16/2025 | Yes | 12 | 69 | None | |
| BBY | Best Buy Co. Inc | Options Chain | 1.19 | 1.36 | 0.50 | 2.50 | 0.20 | 0.36 | 37 | 6 | -0.22 | -0.04 | 75.73 | 70.00 | 5/16/2025 | No | 11 | 62 | None | |
| MET | Metlife Inc | Options Chain | 1.35 | 1.45 | 0.50 | 2.50 | 0.20 | 0.30 | 3 | 8 | -0.26 | -0.03 | 82.49 | 77.50 | 5/16/2025 | Yes | 18 | 72 | None | |
| SLB | SLB | Options Chain | 0.81 | 0.91 | 0.50 | 2.50 | 0.20 | 0.31 | 478 | 17 | -0.27 | -0.02 | 42.19 | 40.00 | 5/16/2025 | Yes | 14 | 69 | None | |
| TSN | Tyson Foods Inc - Class A | Options Chain | 1.15 | 1.25 | 0.50 | 2.50 | 0.20 | 0.29 | 5 | 0 | -0.28 | -0.03 | 62.75 | 60.00 | 5/16/2025 | Yes | 20 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.60 | 0.20 | 1.00 | 0.20 | 0.24 | 229 | 159 | -0.19 | -0.01 | 44.74 | 42.00 | 5/16/2025 | Yes | 12 | 72 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.74 | 0.76 | 0.20 | 1.00 | 0.20 | 0.34 | 1238 | 48 | -0.24 | -0.02 | 41.85 | 39.00 | 5/16/2025 | Yes | 15 | 71 | None | |
| ACI | Albertsons Companies Inc - Class A | Options Chain | 0.30 | 0.40 | 0.20 | 1.00 | 0.20 | 0.28 | 18 | 1 | -0.25 | -0.01 | 22.43 | 21.00 | 5/16/2025 | Yes | 11 | 59 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.65 | 0.75 | 0.20 | 1.00 | 0.20 | 0.33 | 5 | 0 | -0.25 | -0.02 | 38.93 | 37.00 | 5/16/2025 | Yes | 12 | 72 | None | |
| EQNR | Equinor ASA | Options Chain | 0.45 | 0.55 | 0.20 | 1.00 | 0.20 | 0.33 | 113 | 0 | -0.26 | -0.01 | 26.92 | 25.00 | 5/16/2025 | Yes | 12 | 67 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.65 | 0.20 | 1.00 | 0.20 | 0.22 | 35 | 1 | -0.27 | -0.01 | 45.92 | 44.00 | 5/16/2025 | Yes | 11 | 70 | None | |
| MFC | Manulife Financial Corp | Options Chain | 0.55 | 0.65 | 0.20 | 1.00 | 0.20 | 0.27 | 0 | 55 | -0.30 | -0.01 | 32.35 | 31.00 | 5/16/2025 | Yes | 15 | 76 | None | |
| CVX | Chevron Corp | Options Chain | 2.19 | 2.30 | 0.97 | 5.00 | 0.19 | 0.22 | 681 | 574 | -0.28 | -0.06 | 168.51 | 160.00 | 5/16/2025 | Yes | 13 | 75 | None | |
| NVO | Novo Nordisk | Options Chain | 1.70 | 1.75 | 0.92 | 5.00 | 0.18 | 0.55 | 420 | 4 | -0.22 | -0.05 | 68.24 | 60.00 | 5/16/2025 | Yes | 14 | 72 | None | |
| SBUX | Starbucks Corp | Options Chain | 1.75 | 1.85 | 0.92 | 5.00 | 0.18 | 0.41 | 78 | 121 | -0.22 | -0.05 | 99.41 | 90.00 | 5/16/2025 | Yes | 10 | 52 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.38 | 1.43 | 0.46 | 2.50 | 0.18 | 0.36 | 582 | 6 | -0.24 | -0.04 | 78.59 | 72.50 | 5/16/2025 | Yes | 10 | 58 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.50 | 1.58 | 0.91 | 5.00 | 0.18 | 0.36 | 292 | 64 | -0.23 | -0.04 | 86.60 | 80.00 | 5/16/2025 | Yes | 14 | 74 | None | |
| ABT | Abbott Laboratories | Options Chain | 1.99 | 2.11 | 0.90 | 5.00 | 0.18 | 0.27 | 35 | 22 | -0.27 | -0.05 | 131.93 | 125.00 | 5/16/2025 | Yes | 14 | 63 | None | |
| TECK | Teck Resources Ltd - Class B - Class B (Sub Voting) | Options Chain | 1.05 | 1.20 | 0.90 | 5.00 | 0.18 | 0.45 | 0 | 102 | -0.29 | -0.03 | 37.60 | 35.00 | 5/16/2025 | Yes | 10 | 68 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.75 | 0.90 | 0.45 | 2.50 | 0.18 | 0.31 | 5 | 54 | -0.27 | -0.02 | 47.97 | 45.00 | 5/16/2025 | Yes | 12 | 55 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.20 | 0.30 | 0.18 | 1.00 | 0.18 | 0.36 | 1 | 0 | -0.23 | -0.01 | 14.00 | 13.00 | 5/16/2025 | Yes | 14 | 72 | None | |
| GOLD | Barrick Gold Corp | Options Chain | 0.31 | 0.32 | 0.18 | 1.00 | 0.18 | 0.34 | 57 | 6 | -0.23 | -0.01 | 19.66 | 18.00 | 5/16/2025 | Yes | 17 | 66 | None | |
| KKR | KKR & Co. Inc | Options Chain | 1.80 | 2.95 | 0.88 | 5.00 | 0.18 | 0.44 | 4 | 1 | -0.24 | -0.08 | 117.84 | 110.00 | 5/16/2025 | Yes | 13 | 66 | None | |
| CAH | Cardinal Health Inc | Options Chain | 2.00 | 2.15 | 0.88 | 5.00 | 0.18 | 0.30 | 11 | 0 | -0.25 | -0.07 | 138.67 | 130.00 | 5/16/2025 | Yes | 15 | 54 | None | |
| AZN | Astrazeneca plc | Options Chain | 0.98 | 1.05 | 0.43 | 2.50 | 0.17 | 0.30 | 2 | 4 | -0.21 | -0.03 | 72.22 | 67.50 | 5/16/2025 | Yes | 13 | 67 | None | |
| KEY | Keycorp | Options Chain | 0.31 | 0.38 | 0.17 | 1.00 | 0.17 | 0.37 | 6 | 0 | -0.26 | -0.01 | 15.80 | 15.00 | 5/16/2025 | Yes | 8 | 48 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.01 | 2.18 | 0.84 | 5.00 | 0.17 | 0.47 | 134 | 395 | -0.22 | -0.05 | 91.96 | 85.00 | 5/16/2025 | No | 16 | 64 | None | |
| JEF | Jefferies Financial Group Inc | Options Chain | 1.05 | 1.20 | 0.40 | 2.50 | 0.16 | 0.43 | 5 | 0 | -0.22 | -0.03 | 53.54 | 50.00 | 5/16/2025 | No | 10 | 68 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.69 | 0.73 | 0.40 | 2.50 | 0.16 | 0.37 | 172 | 4 | -0.23 | -0.02 | 37.57 | 35.00 | 5/16/2025 | Yes | 9 | 63 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.82 | 0.87 | 0.39 | 2.50 | 0.16 | 0.29 | 195 | 90 | -0.23 | -0.02 | 61.80 | 57.50 | 5/16/2025 | Yes | 8 | 67 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.78 | 0.81 | 0.38 | 2.50 | 0.15 | 0.31 | 219 | 28 | -0.20 | -0.03 | 64.96 | 60.00 | 5/16/2025 | No | 15 | 57 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.68 | 0.72 | 0.38 | 2.50 | 0.15 | 0.34 | 31 | 39 | -0.21 | -0.02 | 43.01 | 40.00 | 5/16/2025 | Yes | 17 | 68 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.70 | 0.75 | 0.38 | 2.50 | 0.15 | 0.29 | 22 | 16 | -0.24 | -0.02 | 47.88 | 45.00 | 5/16/2025 | No | 14 | 25 | None | |
| T | AT&T Inc | Options Chain | 0.37 | 0.40 | 0.15 | 1.00 | 0.15 | 0.29 | 82 | 68 | -0.22 | -0.01 | 28.14 | 26.00 | 5/16/2025 | Yes | 10 | 65 | None | |
| HPQ | HP Inc | Options Chain | 0.36 | 0.39 | 0.15 | 1.00 | 0.15 | 0.29 | 114 | 3 | -0.23 | -0.01 | 27.79 | 26.00 | 5/16/2025 | No | 12 | 51 | None |
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