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
LLY Lilly(Eli) & Company Options Chain 22.10 26.35 3.73 10.00 0.37 0.42 65 61 -0.28 -0.44 720.68 690.00 7/18/2025 No 11 65 None
JPM JPMorgan Chase & Company Options Chain 4.60 5.75 1.55 5.00 0.31 0.27 87 11 -0.27 -0.09 263.75 250.00 7/18/2025 Yes 14 78 None
FCX Freeport-McMoRan Inc Options Chain 1.21 1.27 0.31 1.00 0.31 0.43 12 594 -0.30 -0.02 39.03 36.00 7/18/2025 No 11 55 None
HPE Hewlett Packard Enterprise Company Options Chain 0.68 0.71 0.29 1.00 0.29 0.50 2 1602 -0.28 -0.01 17.65 16.00 7/18/2025 Yes 20 68 None
TSM Taiwan Semiconductor Manufacturing Options Chain 4.95 5.50 1.43 5.00 0.29 0.39 924 420 -0.27 -0.10 196.19 180.00 7/18/2025 Yes 24 73
Dividend Stock List
GFI Gold Fields Ltd Options Chain 0.60 0.75 0.28 1.00 0.28 0.46 17 0 -0.26 -0.01 23.05 21.00 7/18/2025 Yes 13 58 None
GM General Motors Company Options Chain 1.20 1.23 0.28 1.00 0.28 0.33 37 65 -0.30 -0.02 48.20 47.00 7/18/2025 No 14 68 None
UNH Unitedhealth Group Inc Options Chain 9.20 9.55 2.65 10.00 0.27 0.52 237 187 -0.25 -0.18 297.10 270.00 7/18/2025 Yes 14 69 None
NEM Newmont Corp Options Chain 1.22 1.28 0.63 2.50 0.25 0.33 74 113 -0.29 -0.03 52.55 50.00 7/18/2025 No 16 63 None
INTC Intel Corp Options Chain 0.58 0.60 0.25 1.00 0.25 0.45 1009 1025 -0.27 -0.01 20.13 18.00 7/18/2025 No 6 48 None
DG Dollar General Corp Options Chain 2.80 3.05 1.21 5.00 0.24 0.44 127 11 -0.29 -0.06 97.07 90.00 7/18/2025 Yes 11 61 None
HAL Halliburton Company Options Chain 0.56 0.59 0.24 1.00 0.24 0.43 5 16 -0.28 -0.01 20.16 18.00 7/18/2025 No 12 57 None
AMAT Applied Materials Inc Options Chain 3.65 3.80 1.16 5.00 0.23 0.39 47 51 -0.25 -0.09 158.45 145.00 7/18/2025 No 17 69 None
MSFT Microsoft Corporation Options Chain 6.45 8.10 1.15 5.00 0.23 0.21 195 542 -0.29 -0.16 457.00 445.00 7/18/2025 No 13 69 None
NKE Nike Inc - Class B Options Chain 1.58 1.62 0.57 2.50 0.23 0.44 1756 1620 -0.26 -0.03 61.39 55.00 7/18/2025 Yes 16 57 None
AAPL Apple Inc Options Chain 4.25 4.35 1.13 5.00 0.23 0.32 1732 17061 -0.27 -0.09 199.00 190.00 7/18/2025 No 10 64 None
PEP PepsiCo Inc Options Chain 2.36 2.42 1.12 5.00 0.22 0.25 258 146 -0.29 -0.04 131.93 125.00 7/18/2025 Yes 12 62 None
SBUX Starbucks Corp Options Chain 1.96 2.11 1.12 5.00 0.22 0.32 843 1137 -0.30 -0.04 84.18 80.00 7/18/2025 No 10 55 None
LRCX Lam Research Corp Options Chain 2.15 2.31 1.10 5.00 0.22 0.41 62 603 -0.28 -0.05 83.50 75.00 7/18/2025 No 11 65 None
QCOM Qualcomm Inc Options Chain 3.20 3.40 1.07 5.00 0.21 0.36 60 106 -0.27 -0.06 147.87 135.00 7/18/2025 No 14 67 None
MCD McDonald`s Corp Options Chain 3.35 3.55 1.06 5.00 0.21 0.19 186 55 -0.25 -0.07 312.49 300.00 7/18/2025 No 8 66 None
COP Conoco Phillips Options Chain 1.69 1.92 0.53 2.50 0.21 0.34 8 5 -0.27 -0.04 85.51 80.00 7/18/2025 No 12 76 None
WMT Walmart Inc Options Chain 1.60 1.89 0.53 2.50 0.21 0.24 184 329 -0.29 -0.04 96.99 95.00 7/18/2025 No 10 56 None
AEM Agnico Eagle Mines Ltd Options Chain 2.40 2.50 1.05 5.00 0.21 0.35 8 3 -0.26 -0.06 118.40 110.00 7/18/2025 No 15 72 None
VZ Verizon Communications Inc Options Chain 0.60 0.67 0.21 1.00 0.21 0.22 602 440 -0.28 -0.01 43.35 42.00 7/18/2025 No 14 72 None
ORCL Oracle Corp Options Chain 3.80 3.95 1.04 5.00 0.21 0.43 142 206 -0.24 -0.09 162.55 150.00 7/18/2025 Yes 10 63 None
NUE Nucor Corp Options Chain 2.70 2.90 1.03 5.00 0.21 0.42 15 7 -0.26 -0.06 108.03 100.00 7/18/2025 No 16 63 None
CVX Chevron Corp Options Chain 2.27 2.38 1.03 5.00 0.21 0.27 221 105 -0.27 -0.06 137.75 130.00 7/18/2025 No 13 77 None
NVO Novo Nordisk Options Chain 2.10 2.17 1.02 5.00 0.20 0.48 189 160 -0.25 -0.05 69.35 65.00 7/18/2025 No 15 73 None
WFC Wells Fargo & Company Options Chain 1.45 1.49 0.50 2.50 0.20 0.33 112 84 -0.25 -0.04 74.45 70.00 7/18/2025 Yes 13 73 None
HPQ HP Inc Options Chain 0.48 0.54 0.20 1.00 0.20 0.34 7198 216 -0.25 -0.01 24.95 23.00 7/18/2025 No 12 52 None
RF Regions Financial Corp Options Chain 0.40 0.50 0.20 1.00 0.20 0.32 5 5 -0.27 -0.01 21.57 20.00 7/18/2025 Yes 14 71 None
PG Procter & Gamble Company Options Chain 1.98 2.47 0.99 5.00 0.20 0.18 59 491 -0.30 -0.05 168.47 165.00 7/18/2025 No 12 71 None
CVS CVS Health Corp Options Chain 1.17 1.23 0.49 2.50 0.20 0.32 202 35 -0.25 -0.03 62.78 60.00 7/18/2025 No 15 67 None
GE General Electric Company Options Chain 4.70 5.00 1.91 10.00 0.19 0.33 614 64 -0.25 -0.10 243.02 230.00 7/18/2025 No 9 64 None
APH Amphenol Corp - Class A Options Chain 1.70 1.85 0.95 5.00 0.19 0.31 82 8 -0.25 -0.04 89.79 85.00 7/18/2025 No 10 58 None
BAC Bank Of America Corp Options Chain 0.73 0.76 0.19 1.00 0.19 0.31 105 641 -0.24 -0.01 44.18 41.00 7/18/2025 Yes 12 71 None
WPM Wheaton Precious Metals Corp Options Chain 1.35 1.60 0.93 5.00 0.19 0.34 51 10 -0.22 -0.04 86.79 80.00 7/18/2025 No 12 62 None
TFC Truist Financial Corporation Options Chain 0.72 0.92 0.46 2.50 0.18 0.31 19 102 -0.28 -0.02 39.84 37.50 7/18/2025 Yes 13 67 None
JNJ Johnson & Johnson Options Chain 2.09 2.26 0.91 5.00 0.18 0.21 104 117 -0.27 -0.05 152.77 150.00 7/18/2025 Yes 16 66 None
MO Altria Group Inc Options Chain 0.73 0.79 0.45 2.50 0.18 0.20 116 38 -0.21 -0.01 59.48 57.50 7/18/2025 No 12 68 None
C Citigroup Inc Options Chain 1.32 1.36 0.45 2.50 0.18 0.33 521 61 -0.23 -0.04 75.52 70.00 7/18/2025 Yes 20 85 None
GIS General Mills Inc Options Chain 0.85 0.95 0.45 2.50 0.18 0.32 161 4 -0.23 -0.02 53.98 50.00 7/18/2025 Yes 12 60 None
CF CF Industries Holdings Inc Options Chain 1.35 1.55 0.45 2.50 0.18 0.29 8 3 -0.25 -0.03 90.11 85.00 7/18/2025 No 13 68 None
KEY Keycorp Options Chain 0.32 0.35 0.18 1.00 0.18 0.31 22 2 -0.29 -0.01 15.90 15.00 7/18/2025 No 6 55 None
DELL Dell Technologies Inc - Class C Options Chain 2.14 2.25 0.88 5.00 0.18 0.42 722 995 -0.23 -0.07 115.70 100.00 7/18/2025 Yes 15 65 None
MRK Merck & Co Inc Options Chain 1.51 1.62 0.86 5.00 0.17 0.38 128 76 -0.24 -0.03 76.27 70.00 7/18/2025 No 15 71 None
OXY Occidental Petroleum Corp Options Chain 0.82 0.86 0.43 2.50 0.17 0.37 99 58 -0.25 -0.02 41.43 37.50 7/18/2025 No 12 67 None
OKE Oneok Inc Options Chain 1.50 1.65 0.80 5.00 0.16 0.34 33 32 -0.25 -0.04 80.68 75.00 7/18/2025 No 13 74 None
SLB SLB Options Chain 0.64 0.70 0.40 2.50 0.16 0.39 62 25 -0.23 -0.01 33.75 30.00 7/18/2025 Yes 11 68 None
CSCO Cisco Systems Inc Options Chain 0.74 0.87 0.40 2.50 0.16 0.22 1569 506 -0.25 -0.02 63.05 60.00 7/18/2025 No 10 69 None
BP BP plc Options Chain 0.40 0.44 0.16 1.00 0.16 0.30 0 13 -0.22 -0.01 29.11 27.00 7/18/2025 No 8 54 None
T AT&T Inc Options Chain 0.39 0.41 0.16 1.00 0.16 0.27 109 95 -0.26 -0.01 27.39 26.00 7/18/2025 No 10 66 None
NEE NextEra Energy Inc Options Chain 1.01 1.25 0.39 2.50 0.16 0.33 46 21 -0.23 -0.02 68.99 65.00 7/18/2025 No 9 66 None
MFC Manulife Financial Corp Options Chain 0.35 0.45 0.15 1.00 0.15 0.25 3 0 -0.22 -0.01 31.74 30.00 7/18/2025 No 14 67 None
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