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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT | Applied Materials Inc | Options Chain | 3.20 | 3.60 | 1.00 | 2.50 | 0.40 | 0.35 | 42 | 7 | -0.27 | -0.08 | 165.57 | 155.00 | 6/27/2025 | No | 15 | 68 | None | |
VZ | Verizon Communications Inc | Options Chain | 0.41 | 0.96 | 0.40 | 1.00 | 0.40 | 0.27 | 40 | 35 | -0.22 | -0.02 | 43.48 | 42.00 | 6/27/2025 | No | 14 | 72 | None | |
GILD | Gilead Sciences Inc | Options Chain | 2.27 | 2.84 | 0.36 | 1.00 | 0.36 | 0.38 | 10 | 1 | -0.29 | -0.05 | 100.34 | 96.00 | 6/27/2025 | No | 13 | 72 | None | |
MRK | Merck & Co Inc | Options Chain | 1.54 | 2.16 | 0.36 | 1.00 | 0.36 | 0.39 | 6 | 3 | -0.30 | -0.04 | 74.80 | 71.00 | 6/27/2025 | No | 15 | 71 | None | |
C | Citigroup Inc | Options Chain | 1.40 | 1.63 | 0.36 | 1.00 | 0.36 | 0.27 | 2 | 5 | -0.30 | -0.03 | 75.72 | 73.00 | 6/27/2025 | No | 19 | 85 | None | |
ORCL | Oracle Corp | Options Chain | 4.50 | 4.80 | 0.35 | 1.00 | 0.35 | 0.44 | 1 | 0 | -0.28 | -0.10 | 159.40 | 150.00 | 6/27/2025 | Yes | 10 | 63 | None | |
DG | Dollar General Corp | Options Chain | 2.98 | 3.15 | 0.34 | 1.00 | 0.34 | 0.46 | 2 | 0 | -0.30 | -0.07 | 92.99 | 88.00 | 6/27/2025 | Yes | 11 | 63 | None | |
NKE | Nike Inc - Class B | Options Chain | 1.72 | 2.02 | 0.34 | 1.00 | 0.34 | 0.43 | 5 | 3 | -0.30 | -0.03 | 62.40 | 59.00 | 6/27/2025 | Yes | 16 | 57 | None | |
NVO | Novo Nordisk | Options Chain | 2.26 | 2.45 | 0.33 | 1.00 | 0.33 | 0.51 | 59 | 9 | -0.30 | -0.05 | 66.15 | 60.00 | 6/27/2025 | No | 16 | 73 | None | |
UNH | Unitedhealth Group Inc | Options Chain | 13.55 | 15.60 | 1.60 | 5.00 | 0.32 | 0.69 | 223 | 193 | -0.30 | -0.28 | 274.35 | 265.00 | 6/27/2025 | No | 14 | 69 | None | |
BBY | Best Buy Co. Inc | Options Chain | 2.28 | 2.47 | 0.31 | 1.00 | 0.31 | 0.48 | 10 | 0 | -0.29 | -0.04 | 73.80 | 68.00 | 6/27/2025 | Yes | 13 | 62 | None | |
GE | General Electric Company | Options Chain | 3.65 | 4.05 | 1.50 | 5.00 | 0.30 | 0.29 | 9 | 4 | -0.26 | -0.10 | 229.38 | 220.00 | 6/27/2025 | No | 9 | 64 | None | |
AEM | Agnico Eagle Mines Ltd | Options Chain | 2.40 | 2.65 | 0.30 | 1.00 | 0.30 | 0.34 | 0 | 2 | -0.30 | -0.05 | 106.45 | 101.00 | 6/27/2025 | No | 15 | 75 | None | |
LLY | Lilly(Eli) & Company | Options Chain | 16.65 | 21.75 | 1.43 | 5.00 | 0.29 | 0.36 | 31 | 0 | -0.30 | -0.43 | 733.29 | 720.00 | 6/27/2025 | No | 11 | 65 | None | |
DKS | Dicks Sporting Goods Inc | Options Chain | 5.40 | 6.20 | 1.35 | 5.00 | 0.27 | 0.49 | 1 | 3 | -0.28 | -0.12 | 179.05 | 170.00 | 6/27/2025 | Yes | 15 | 72 | None | |
SLB | SLB | Options Chain | 0.78 | 0.86 | 0.26 | 1.00 | 0.26 | 0.35 | 1 | 9 | -0.30 | -0.02 | 35.72 | 34.00 | 6/27/2025 | No | 11 | 68 | None | |
INTC | Intel Corp | Options Chain | 0.48 | 0.52 | 0.13 | 0.50 | 0.26 | 0.42 | 37 | 20 | -0.25 | -0.01 | 21.55 | 20.00 | 6/27/2025 | No | 5 | 46 | None | |
KO | Coca-Cola Company | Options Chain | 0.61 | 0.75 | 0.25 | 1.00 | 0.25 | 0.19 | 15 | 25 | -0.25 | -0.02 | 71.61 | 69.00 | 6/27/2025 | No | 9 | 69 | None | |
WMT | Walmart Inc | Options Chain | 1.40 | 1.49 | 0.25 | 1.00 | 0.25 | 0.22 | 129 | 8 | -0.29 | -0.04 | 96.35 | 95.00 | 6/27/2025 | No | 10 | 58 | None | |
SU | Suncor Energy Inc | Options Chain | 0.60 | 0.85 | 0.25 | 1.00 | 0.25 | 0.28 | 0 | 2 | -0.30 | -0.01 | 35.99 | 34.00 | 6/27/2025 | No | 16 | 80 | None | |
HAL | Halliburton Company | Options Chain | 0.51 | 0.64 | 0.25 | 1.00 | 0.25 | 0.40 | 3 | 1 | -0.30 | -0.01 | 21.04 | 20.00 | 6/27/2025 | No | 11 | 57 | None | |
FCX | Freeport-McMoRan Inc | Options Chain | 1.01 | 1.19 | 0.24 | 1.00 | 0.24 | 0.42 | 9 | 13 | -0.30 | -0.03 | 38.47 | 36.00 | 6/27/2025 | No | 11 | 55 | None | |
DVN | Devon Energy Corp | Options Chain | 0.52 | 0.90 | 0.23 | 1.00 | 0.23 | 0.37 | 7 | 0 | -0.28 | -0.02 | 33.40 | 31.00 | 6/27/2025 | No | 9 | 64 | None | |
MSFT | Microsoft Corporation | Options Chain | 5.65 | 5.85 | 1.10 | 5.00 | 0.22 | 0.20 | 55 | 86 | -0.27 | -0.16 | 453.13 | 440.00 | 6/27/2025 | No | 13 | 69 | None | |
CVS | CVS Health Corp | Options Chain | 1.12 | 1.21 | 0.22 | 1.00 | 0.22 | 0.32 | 9 | 5 | -0.26 | -0.03 | 60.47 | 59.00 | 6/27/2025 | No | 16 | 71 | None | |
SBUX | Starbucks Corp | Options Chain | 1.39 | 1.70 | 0.22 | 1.00 | 0.22 | 0.31 | 9 | 50 | -0.28 | -0.05 | 87.26 | 81.00 | 6/27/2025 | No | 10 | 55 | None | |
HPE | Hewlett Packard Enterprise Company | Options Chain | 0.45 | 0.48 | 0.11 | 0.50 | 0.22 | 0.49 | 1 | 90 | -0.25 | -0.01 | 17.62 | 16.00 | 6/27/2025 | Yes | 20 | 68 | None | |
TSM | Taiwan Semiconductor Manufacturing | Options Chain | 3.45 | 3.60 | 1.04 | 5.00 | 0.21 | 0.35 | 16 | 22 | -0.23 | -0.08 | 194.22 | 180.00 | 6/27/2025 | No | 24 | 73 |
Dividend Stock List |
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MO | Altria Group Inc | Options Chain | 0.62 | 0.75 | 0.20 | 1.00 | 0.20 | 0.21 | 15 | 10 | -0.24 | -0.01 | 58.06 | 56.00 | 6/27/2025 | No | 12 | 68 | None | |
SHEL | Shell Plc ADR (Representing - ) | Options Chain | 0.70 | 0.80 | 0.20 | 1.00 | 0.20 | 0.21 | 0 | 2 | -0.25 | -0.02 | 67.39 | 64.00 | 6/27/2025 | No | 14 | 71 | None | |
OXY | Occidental Petroleum Corp | Options Chain | 0.70 | 0.82 | 0.20 | 1.00 | 0.20 | 0.34 | 4 | 1 | -0.25 | -0.02 | 43.37 | 40.00 | 6/27/2025 | No | 12 | 66 | None | |
BP | BP plc | Options Chain | 0.44 | 0.56 | 0.20 | 1.00 | 0.20 | 0.31 | 3 | 0 | -0.26 | -0.02 | 29.76 | 28.00 | 6/27/2025 | No | 8 | 54 | None | |
JNJ | Johnson & Johnson | Options Chain | 1.66 | 2.14 | 0.96 | 5.00 | 0.19 | 0.22 | 2 | 3 | -0.28 | -0.05 | 149.61 | 145.00 | 6/27/2025 | No | 16 | 66 | None | |
CVX | Chevron Corp | Options Chain | 1.70 | 2.19 | 0.90 | 5.00 | 0.18 | 0.23 | 4 | 2 | -0.26 | -0.03 | 142.26 | 135.00 | 6/27/2025 | No | 11 | 77 | None | |
BAC | Bank Of America Corp | Options Chain | 0.51 | 0.60 | 0.18 | 1.00 | 0.18 | 0.26 | 95 | 11 | -0.23 | -0.01 | 44.69 | 42.00 | 6/27/2025 | No | 12 | 71 | None | |
ADM | Archer Daniels Midland Company | Options Chain | 0.60 | 0.80 | 0.18 | 1.00 | 0.18 | 0.27 | 0 | 1 | -0.27 | -0.02 | 50.13 | 47.00 | 6/27/2025 | No | 11 | 54 | None | |
PEP | PepsiCo Inc | Options Chain | 1.83 | 2.04 | 0.18 | 1.00 | 0.18 | 0.21 | 5 | 1 | -0.30 | -0.03 | 131.50 | 127.00 | 6/27/2025 | No | 12 | 62 | None | |
CMCSA | Comcast Corp - Class A | Options Chain | 0.41 | 0.59 | 0.17 | 1.00 | 0.17 | 0.25 | 0 | 5 | -0.26 | -0.02 | 35.34 | 34.00 | 6/27/2025 | No | 12 | 63 | None | |
EPD | Enterprise Products Partners L P | Options Chain | 0.11 | 0.45 | 0.16 | 1.00 | 0.16 | 0.19 | 0 | 31 | -0.23 | -0.01 | 32.29 | 31.00 | 6/27/2025 | No | 12 | 67 | None | |
USB | U.S. Bancorp. | Options Chain | 0.59 | 0.73 | 0.16 | 1.00 | 0.16 | 0.24 | 1 | 801 | -0.28 | -0.02 | 44.58 | 43.00 | 6/27/2025 | No | 15 | 66 | None | |
XOM | Exxon Mobil Corp | Options Chain | 1.33 | 1.75 | 0.16 | 1.00 | 0.16 | 0.24 | 3 | 4 | -0.28 | -0.05 | 108.58 | 104.00 | 6/27/2025 | No | 12 | 76 | None | |
KEY | Keycorp | Options Chain | 0.23 | 0.26 | 0.08 | 0.50 | 0.16 | 0.29 | 0 | 5 | -0.22 | 0.00 | 16.48 | 15.50 | 6/27/2025 | No | 6 | 54 | None | |
QCOM | Qualcomm Inc | Options Chain | 1.91 | 2.57 | 0.75 | 5.00 | 0.15 | 0.34 | 3 | 12 | -0.21 | -0.06 | 152.61 | 140.00 | 6/27/2025 | No | 13 | 64 | None | |
GM | General Motors Company | Options Chain | 0.72 | 0.86 | 0.15 | 1.00 | 0.15 | 0.31 | 0 | 1 | -0.25 | -0.02 | 50.12 | 47.00 | 6/27/2025 | No | 14 | 69 | None | |
CSCO | Cisco Systems Inc | Options Chain | 0.57 | 0.67 | 0.15 | 1.00 | 0.15 | 0.20 | 12 | 44 | -0.26 | -0.02 | 64.26 | 61.00 | 6/27/2025 | No | 9 | 69 | None |
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