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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAT | Applied Materials Inc | Options Chain | 6.40 | 8.20 | 2.25 | 5.00 | 0.45 | 0.51 | 5 | 29 | -0.27 | -0.15 | 223.23 | 205.00 | 12/26/2025 | Yes | 14 | 68 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 13.75 | 17.45 | 2.07 | 5.00 | 0.41 | 0.30 | 2 | 3 | -0.29 | -0.33 | 805.50 | 765.00 | 12/26/2025 | No | 15 | 76 | None | |
| ACN | Accenture plc - Class A | Options Chain | 6.30 | 7.30 | 1.90 | 5.00 | 0.38 | 0.44 | 0 | 1 | -0.27 | -0.16 | 247.57 | 230.00 | 12/26/2025 | Yes | 16 | 66 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 1.30 | 1.50 | 0.35 | 1.00 | 0.35 | 0.52 | 0 | 3 | -0.30 | -0.03 | 39.05 | 36.00 | 12/26/2025 | Yes | 17 | 59 | None | |
| HAL | Halliburton Company | Options Chain | 0.56 | 0.83 | 0.17 | 0.50 | 0.34 | 0.37 | 42 | 0 | -0.30 | -0.01 | 27.02 | 25.50 | 12/26/2025 | No | 9 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.20 | 6.45 | 1.55 | 5.00 | 0.31 | 0.30 | 0 | 4 | -0.27 | -0.15 | 304.86 | 290.00 | 12/26/2025 | No | 10 | 67 | None | |
| EQT | EQT Corp | Options Chain | 1.04 | 1.71 | 0.31 | 1.00 | 0.31 | 0.35 | 69 | 0 | -0.29 | -0.03 | 60.25 | 57.00 | 12/26/2025 | No | 12 | 68 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.80 | 7.45 | 1.45 | 5.00 | 0.29 | 0.37 | 12 | 9 | -0.27 | -0.16 | 332.52 | 310.00 | 12/26/2025 | No | 12 | 67 | None | |
| LRCX | Lam Research Corp | Options Chain | 4.55 | 5.30 | 1.43 | 5.00 | 0.29 | 0.52 | 10 | 10 | -0.27 | -0.11 | 153.32 | 140.00 | 12/26/2025 | No | 13 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 9.00 | 9.70 | 1.42 | 5.00 | 0.28 | 0.60 | 66 | 31 | -0.30 | -0.20 | 217.57 | 200.00 | 12/26/2025 | Yes | 8 | 62 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.15 | 1.44 | 0.28 | 1.00 | 0.28 | 0.45 | 5 | 0 | -0.30 | -0.03 | 40.54 | 38.00 | 12/26/2025 | No | 11 | 63 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 22.55 | 27.75 | 1.37 | 5.00 | 0.27 | 0.35 | 0 | 1 | -0.30 | -0.55 | 1,022.87 | 970.00 | 12/26/2025 | No | 13 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.00 | 7.80 | 1.35 | 5.00 | 0.27 | 0.39 | 105 | 88 | -0.29 | -0.16 | 282.20 | 265.00 | 12/26/2025 | No | 22 | 75 |
Dividend Stock List |
|
| OXY | Occidental Petroleum Corp | Options Chain | 0.77 | 0.86 | 0.27 | 1.00 | 0.27 | 0.29 | 11 | 2 | -0.30 | -0.02 | 42.02 | 40.00 | 12/26/2025 | No | 7 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.25 | 8.70 | 1.33 | 5.00 | 0.27 | 0.25 | 9 | 83 | -0.30 | -0.20 | 503.29 | 485.00 | 12/26/2025 | No | 14 | 68 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.82 | 1.99 | 0.25 | 1.00 | 0.25 | 0.45 | 0 | 21 | -0.28 | -0.04 | 66.03 | 61.00 | 12/26/2025 | Yes | 7 | 57 | None | |
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 0.70 | 1.10 | 0.25 | 1.00 | 0.25 | 0.18 | 0 | 5 | -0.29 | -0.02 | 75.92 | 73.00 | 12/26/2025 | No | 16 | 72 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.05 | 4.85 | 1.24 | 5.00 | 0.25 | 0.57 | 0 | 11 | -0.26 | -0.10 | 133.94 | 120.00 | 12/26/2025 | Yes | 15 | 61 | None | |
| GLW | Corning Inc | Options Chain | 2.01 | 2.89 | 0.24 | 1.00 | 0.24 | 0.43 | 1 | 10 | -0.30 | -0.05 | 82.36 | 77.00 | 12/26/2025 | No | 11 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.39 | 3.80 | 1.14 | 5.00 | 0.23 | 0.37 | 3 | 36 | -0.23 | -0.08 | 174.50 | 160.00 | 12/26/2025 | No | 12 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.10 | 5.40 | 1.12 | 5.00 | 0.22 | 0.26 | 50 | 16 | -0.26 | -0.13 | 309.48 | 295.00 | 12/26/2025 | No | 11 | 78 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.90 | 13.00 | 1.10 | 5.00 | 0.22 | 0.56 | 38 | 9 | -0.28 | -0.27 | 339.98 | 310.00 | 12/26/2025 | Yes | 9 | 67 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.95 | 1.36 | 0.22 | 1.00 | 0.22 | 0.25 | 19 | 48 | -0.27 | -0.03 | 77.38 | 74.00 | 12/26/2025 | Yes | 11 | 66 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.26 | 1.76 | 0.22 | 1.00 | 0.22 | 0.28 | 0 | 13 | -0.28 | -0.04 | 84.70 | 81.00 | 12/26/2025 | No | 11 | 74 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.73 | 1.33 | 0.22 | 1.00 | 0.22 | 0.34 | 0 | 34 | -0.28 | -0.03 | 48.63 | 46.00 | 12/26/2025 | No | 13 | 60 | None | |
| NEM | Newmont Corp | Options Chain | 2.32 | 2.81 | 0.22 | 1.00 | 0.22 | 0.44 | 0 | 6 | -0.28 | -0.07 | 89.72 | 84.00 | 12/26/2025 | No | 18 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.18 | 0.24 | 0.10 | 0.50 | 0.20 | 0.29 | 56 | 23 | -0.24 | -0.01 | 13.28 | 12.50 | 12/26/2025 | No | 16 | 54 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.39 | 0.62 | 0.19 | 1.00 | 0.19 | 0.35 | 4 | 1 | -0.23 | -0.01 | 27.97 | 26.00 | 12/26/2025 | No | 13 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.53 | 0.71 | 0.19 | 1.00 | 0.19 | 0.18 | 3 | 20 | -0.24 | -0.01 | 71.07 | 68.00 | 12/26/2025 | No | 9 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.64 | 0.84 | 0.19 | 1.00 | 0.19 | 0.26 | 22 | 100 | -0.25 | -0.02 | 52.87 | 50.00 | 12/26/2025 | No | 12 | 74 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.63 | 2.27 | 0.19 | 1.00 | 0.19 | 0.47 | 0 | 20 | -0.29 | -0.04 | 59.91 | 56.00 | 12/26/2025 | No | 12 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.49 | 2.19 | 0.19 | 1.00 | 0.19 | 0.27 | 0 | 10 | -0.29 | -0.04 | 102.54 | 98.00 | 12/26/2025 | Yes | 9 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.19 | 0.44 | 0.17 | 1.00 | 0.17 | 0.25 | 4 | 0 | -0.19 | -0.01 | 25.75 | 24.00 | 12/26/2025 | No | 14 | 67 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.39 | 0.17 | 1.00 | 0.17 | 0.17 | 4 | 102 | -0.25 | -0.01 | 31.76 | 31.00 | 12/26/2025 | No | 11 | 67 | None | |
| C | Citigroup Inc | Options Chain | 1.78 | 2.28 | 0.17 | 1.00 | 0.17 | 0.31 | 10 | 7 | -0.28 | -0.05 | 100.67 | 96.00 | 12/26/2025 | No | 16 | 83 | None | |
| NVO | Novo Nordisk | Options Chain | 1.52 | 1.74 | 0.16 | 1.00 | 0.16 | 0.53 | 216 | 18 | -0.26 | -0.04 | 49.16 | 45.00 | 12/26/2025 | No | 14 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.46 | 0.57 | 0.16 | 1.00 | 0.16 | 0.19 | 0 | 3 | -0.30 | -0.02 | 41.11 | 40.00 | 12/26/2025 | No | 15 | 71 | None | |
| MMM | 3M Company | Options Chain | 1.84 | 2.38 | 0.77 | 5.00 | 0.15 | 0.27 | 3 | 0 | -0.23 | -0.06 | 170.62 | 160.00 | 12/26/2025 | No | 12 | 67 | None |