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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CVS | CVS Health Corp | Options Chain | 1.43 | 2.31 | 1.22 | 1.00 | 1.22 | 0.41 | 3 | 0 | -0.27 | -0.03 | 66.68 | 62.00 | 8/22/2025 | Yes | 15 | 66 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.83 | 4.00 | 0.57 | 1.00 | 0.57 | 0.39 | 12 | 0 | -0.29 | -0.07 | 124.77 | 117.00 | 8/22/2025 | No | 14 | 61 | None | |
| SLB | SLB | Options Chain | 0.60 | 1.49 | 0.56 | 1.00 | 0.56 | 0.44 | 1 | 7 | -0.24 | -0.02 | 36.54 | 34.00 | 8/22/2025 | Yes | 11 | 68 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.91 | 1.02 | 0.48 | 1.00 | 0.48 | 0.34 | 2 | 8 | -0.27 | -0.02 | 45.75 | 43.00 | 8/22/2025 | Yes | 12 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.66 | 2.39 | 0.42 | 1.00 | 0.42 | 0.26 | 14 | 13 | -0.28 | -0.04 | 114.19 | 109.00 | 8/22/2025 | Yes | 12 | 76 | None | |
| SBUX | Starbucks Corp | Options Chain | 2.22 | 2.47 | 0.37 | 1.00 | 0.37 | 0.38 | 30 | 10 | -0.28 | -0.04 | 94.94 | 89.00 | 8/22/2025 | Yes | 10 | 55 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.22 | 2.34 | 0.34 | 1.00 | 0.34 | 0.30 | 7 | 0 | -0.27 | -0.04 | 91.95 | 87.00 | 8/22/2025 | Yes | 12 | 67 | None | |
| CVX | Chevron Corp | Options Chain | 2.68 | 3.05 | 0.33 | 1.00 | 0.33 | 0.27 | 1 | 18 | -0.30 | -0.05 | 147.40 | 146.00 | 8/22/2025 | Yes | 12 | 77 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 2.80 | 3.20 | 0.32 | 1.00 | 0.32 | 0.37 | 0 | 6 | -0.29 | -0.07 | 116.14 | 110.00 | 8/22/2025 | Yes | 15 | 71 | None | |
| NEM | Newmont Corp | Options Chain | 1.26 | 1.42 | 0.31 | 1.00 | 0.31 | 0.37 | 1 | 98 | -0.27 | -0.03 | 57.61 | 54.00 | 8/22/2025 | Yes | 16 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.34 | 1.52 | 0.31 | 1.00 | 0.31 | 0.29 | 0 | 1 | -0.27 | -0.03 | 81.59 | 77.00 | 8/22/2025 | Yes | 13 | 72 | None | |
| WMT | Walmart Inc | Options Chain | 1.79 | 2.00 | 0.31 | 1.00 | 0.31 | 0.28 | 18 | 54 | -0.30 | -0.04 | 97.09 | 93.00 | 8/22/2025 | Yes | 11 | 56 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 22.55 | 26.05 | 1.52 | 5.00 | 0.30 | 0.44 | 5 | 0 | -0.30 | -0.52 | 772.87 | 730.00 | 8/22/2025 | Yes | 11 | 65 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.61 | 2.07 | 0.30 | 1.00 | 0.30 | 0.34 | 3 | 1 | -0.29 | -0.05 | 81.37 | 77.00 | 8/22/2025 | Yes | 15 | 73 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.92 | 0.99 | 0.28 | 1.00 | 0.28 | 0.40 | 1 | 2 | -0.30 | -0.02 | 33.81 | 32.00 | 8/22/2025 | Yes | 11 | 51 | None | |
| AVGO | Broadcom Inc | Options Chain | 7.10 | 7.45 | 1.38 | 5.00 | 0.28 | 0.40 | 24 | 53 | -0.29 | -0.17 | 271.80 | 255.00 | 8/22/2025 | No | 8 | 66 | None | |
| GFI | Gold Fields Ltd | Options Chain | 0.65 | 0.75 | 0.27 | 1.00 | 0.27 | 0.45 | 123 | 3 | -0.30 | -0.02 | 24.82 | 22.00 | 8/15/2025 | No | 13 | 58 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.90 | 6.35 | 1.33 | 5.00 | 0.27 | 0.39 | 6 | 44 | -0.29 | -0.14 | 227.86 | 215.00 | 8/22/2025 | Yes | 24 | 73 |
Dividend Stock List |
|
| HAL | Halliburton Company | Options Chain | 0.48 | 0.59 | 0.13 | 0.50 | 0.26 | 0.41 | 0 | 13 | -0.26 | -0.01 | 20.89 | 20.50 | 8/22/2025 | Yes | 12 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 5.15 | 5.55 | 1.27 | 5.00 | 0.25 | 0.36 | 6 | 42 | -0.28 | -0.12 | 234.50 | 220.00 | 8/22/2025 | No | 8 | 61 | None | |
| MO | Altria Group Inc | Options Chain | 0.66 | 1.06 | 0.25 | 1.00 | 0.25 | 0.22 | 102 | 1 | -0.25 | -0.02 | 59.54 | 57.00 | 8/22/2025 | Yes | 12 | 68 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.27 | 1.37 | 0.25 | 1.00 | 0.25 | 0.30 | 21 | 218 | -0.26 | -0.04 | 73.92 | 70.00 | 8/22/2025 | No | 10 | 54 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.25 | 1.05 | 0.25 | 1.00 | 0.25 | 0.25 | 3 | 2 | -0.27 | -0.02 | 54.55 | 51.00 | 8/22/2025 | Yes | 11 | 53 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.80 | 0.90 | 0.25 | 1.00 | 0.25 | 0.34 | 14 | 6 | -0.29 | -0.02 | 40.11 | 38.00 | 8/15/2025 | Yes | 12 | 66 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.39 | 0.51 | 0.24 | 1.00 | 0.24 | 0.30 | 27 | 3 | -0.27 | -0.01 | 26.08 | 25.00 | 8/22/2025 | Yes | 10 | 68 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.86 | 1.20 | 0.23 | 1.00 | 0.23 | 0.37 | 1 | 2 | -0.30 | -0.02 | 32.68 | 33.00 | 8/22/2025 | Yes | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.40 | 7.60 | 1.12 | 5.00 | 0.22 | 0.25 | 25 | 1367 | -0.27 | -0.19 | 496.62 | 475.00 | 8/22/2025 | Yes | 13 | 68 | None | |
| EIX | Edison International | Options Chain | 1.00 | 1.30 | 0.55 | 2.50 | 0.22 | 0.39 | 235 | 48 | -0.27 | -0.03 | 50.51 | 47.50 | 8/15/2025 | Yes | 12 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.80 | 0.83 | 0.22 | 1.00 | 0.22 | 0.27 | 46 | 151 | -0.27 | -0.02 | 47.15 | 45.00 | 8/22/2025 | Yes | 12 | 73 | None | |
| KO | Coca-Cola Company | Options Chain | 0.82 | 0.95 | 0.22 | 1.00 | 0.22 | 0.20 | 8 | 2 | -0.28 | -0.03 | 71.01 | 68.00 | 8/22/2025 | Yes | 9 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.40 | 4.60 | 1.07 | 5.00 | 0.21 | 0.26 | 16 | 9 | -0.27 | -0.12 | 291.97 | 270.00 | 8/22/2025 | Yes | 14 | 79 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.40 | 3.95 | 1.05 | 5.00 | 0.21 | 0.22 | 2 | 2 | -0.26 | -0.11 | 293.53 | 280.00 | 8/22/2025 | Yes | 9 | 66 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 0.85 | 1.00 | 0.20 | 1.00 | 0.20 | 0.22 | 1 | 0 | -0.27 | -0.02 | 71.26 | 68.00 | 8/22/2025 | Yes | 14 | 70 | None | |
| C | Citigroup Inc | Options Chain | 1.62 | 1.75 | 0.20 | 1.00 | 0.20 | 0.29 | 1 | 25 | -0.28 | -0.03 | 85.57 | 81.00 | 8/22/2025 | Yes | 18 | 85 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.85 | 0.95 | 0.47 | 2.50 | 0.19 | 0.28 | 60 | 0 | -0.30 | -0.03 | 49.36 | 47.50 | 8/15/2025 | No | 14 | 25 | None | |
| JNJ | Johnson & Johnson | Options Chain | 0.63 | 2.98 | 0.90 | 5.00 | 0.18 | 0.20 | 1 | 0 | -0.26 | -0.05 | 155.27 | 150.00 | 8/22/2025 | Yes | 16 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.47 | 0.69 | 0.18 | 1.00 | 0.18 | 0.22 | 2 | 5 | -0.26 | -0.01 | 43.06 | 41.00 | 8/22/2025 | Yes | 15 | 72 | None | |
| KEY | Keycorp | Options Chain | 0.32 | 0.37 | 0.09 | 0.50 | 0.18 | 0.30 | 1 | 0 | -0.27 | -0.01 | 18.29 | 17.50 | 8/22/2025 | Yes | 5 | 49 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.00 | 1.38 | 0.16 | 1.00 | 0.16 | 0.26 | 5 | 0 | -0.29 | -0.03 | 68.93 | 66.00 | 8/22/2025 | Yes | 10 | 67 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.20 | 10.05 | 0.78 | 5.00 | 0.16 | 0.44 | 6 | 15 | -0.28 | -0.23 | 307.70 | 285.00 | 8/22/2025 | Yes | 14 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.73 | 2.08 | 0.76 | 5.00 | 0.15 | 0.22 | 5 | 146 | -0.25 | -0.04 | 157.89 | 150.00 | 8/22/2025 | Yes | 11 | 71 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.45 | 1.50 | 0.38 | 2.50 | 0.15 | 0.33 | 2 | 0 | -0.29 | -0.02 | 47.53 | 45.00 | 8/15/2025 | Yes | 16 | 79 | None |