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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
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| 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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