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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MRK | Merck & Co Inc | Options Chain | 1.40 | 2.70 | 0.76 | 1.00 | 0.76 | 0.36 | 0 | 2 | -0.30 | -0.03 | 87.28 | 84.00 | 3/28/2025 | No | 12 | 73 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.36 | 2.20 | 0.71 | 1.00 | 0.71 | 0.25 | 1 | 1 | -0.29 | -0.03 | 80.67 | 76.00 | 3/28/2025 | No | 17 | 73 | None | |
| CVS | CVS Health Corp | Options Chain | 1.71 | 2.33 | 0.51 | 1.00 | 0.51 | 0.41 | 0 | 1 | -0.30 | -0.03 | 54.01 | 51.00 | 3/28/2025 | No | 16 | 73 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.54 | 0.76 | 0.36 | 1.00 | 0.36 | 0.22 | 2 | 1 | -0.27 | -0.02 | 56.85 | 53.00 | 3/28/2025 | No | 9 | 57 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.05 | 6.20 | 1.60 | 5.00 | 0.32 | 0.41 | 1 | 1 | -0.29 | -0.12 | 206.12 | 195.00 | 3/28/2025 | No | 22 | 71 |
Dividend Stock List |
|
| GFI | Gold Fields Ltd | Options Chain | 0.45 | 0.70 | 0.30 | 1.00 | 0.30 | 0.45 | 8163 | 8019 | -0.26 | -0.01 | 18.68 | 18.00 | 3/21/2025 | No | 11 | 57 | None | |
| AMAT | Applied Materials Inc | Options Chain | 5.25 | 5.55 | 1.48 | 5.00 | 0.30 | 0.44 | 1 | 2 | -0.28 | -0.11 | 180.00 | 170.00 | 3/28/2025 | Yes | 16 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.71 | 2.27 | 1.39 | 5.00 | 0.28 | 0.31 | 1 | 1 | -0.23 | -0.06 | 167.96 | 155.00 | 3/28/2025 | No | 17 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 1.86 | 1.92 | 0.27 | 1.00 | 0.27 | 0.27 | 1 | 0 | -0.30 | -0.04 | 101.15 | 97.00 | 3/28/2025 | Yes | 9 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.77 | 0.91 | 0.26 | 1.00 | 0.26 | 0.37 | 1 | 0 | -0.30 | -0.02 | 33.15 | 32.00 | 3/28/2025 | No | 9 | 66 | None | |
| EQNR | Equinor ASA | Options Chain | 0.40 | 0.50 | 0.25 | 1.00 | 0.25 | 0.27 | 4 | 2 | -0.28 | -0.01 | 23.55 | 23.00 | 3/21/2025 | No | 11 | 69 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 0.85 | 0.95 | 0.25 | 1.00 | 0.25 | 0.30 | 0 | 3 | -0.30 | -0.02 | 46.20 | 45.00 | 3/21/2025 | No | 13 | 66 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.74 | 0.80 | 0.24 | 1.00 | 0.24 | 0.25 | 0 | 29 | -0.27 | -0.02 | 47.40 | 45.00 | 3/28/2025 | No | 10 | 73 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 2.15 | 2.30 | 1.18 | 5.00 | 0.24 | 0.35 | 10 | 9 | -0.29 | -0.05 | 98.35 | 95.00 | 3/21/2025 | Yes | 12 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.46 | 0.51 | 0.22 | 1.00 | 0.22 | 0.19 | 1 | 0 | -0.26 | -0.02 | 39.88 | 39.00 | 3/28/2025 | No | 10 | 65 | None | |
| GOLD | Barrick Gold Corp | Options Chain | 0.26 | 0.30 | 0.11 | 0.50 | 0.22 | 0.34 | 5 | 2 | -0.20 | -0.01 | 17.04 | 16.00 | 3/28/2025 | Yes | 18 | 56 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.10 | 5.30 | 1.05 | 5.00 | 0.21 | 0.22 | 0 | 2 | -0.27 | -0.13 | 409.75 | 395.00 | 3/28/2025 | No | 15 | 69 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.35 | 1.51 | 0.21 | 1.00 | 0.21 | 0.22 | 21 | 2 | -0.27 | -0.03 | 108.89 | 105.00 | 3/28/2025 | No | 12 | 75 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.60 | 0.75 | 0.20 | 1.00 | 0.20 | 0.26 | 1 | 2 | -0.23 | -0.01 | 45.76 | 43.00 | 3/28/2025 | Yes | 11 | 59 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.45 | 0.20 | 1.00 | 0.20 | 0.28 | 5 | 0 | -0.27 | -0.01 | 24.45 | 23.00 | 3/21/2025 | No | 14 | 69 | None | |
| CNP | Centerpoint Energy Inc | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.23 | 2 | 0 | -0.30 | -0.01 | 32.40 | 31.00 | 3/21/2025 | Yes | 6 | 64 | None | |
| T | AT&T Inc | Options Chain | 0.28 | 0.36 | 0.10 | 0.50 | 0.20 | 0.21 | 3 | 3 | -0.29 | -0.01 | 24.54 | 24.00 | 3/28/2025 | No | 11 | 68 | None | |
| GM | General Motors Company | Options Chain | 1.00 | 1.14 | 0.19 | 1.00 | 0.19 | 0.34 | 5 | 1 | -0.27 | -0.02 | 47.39 | 44.00 | 3/28/2025 | No | 16 | 68 | None | |
| LNG | Cheniere Energy Inc | Options Chain | 3.00 | 3.30 | 0.90 | 5.00 | 0.18 | 0.34 | 3 | 0 | -0.21 | -0.11 | 217.47 | 200.00 | 3/21/2025 | Yes | 10 | 72 | None | |
| MO | Altria Group Inc | Options Chain | 0.46 | 0.53 | 0.18 | 1.00 | 0.18 | 0.21 | 11 | 0 | -0.25 | -0.01 | 52.66 | 50.00 | 3/28/2025 | No | 13 | 71 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.25 | 0.35 | 0.18 | 1.00 | 0.18 | 0.37 | 75 | 0 | -0.26 | -0.01 | 14.80 | 14.00 | 3/21/2025 | Yes | 14 | 70 | None | |
| OVV | Ovintiv Inc | Options Chain | 0.70 | 0.85 | 0.18 | 1.00 | 0.18 | 0.40 | 0 | 2 | -0.30 | -0.02 | 42.52 | 40.00 | 3/21/2025 | Yes | 13 | 74 | None | |
| TSN | Tyson Foods Inc - Class A | Options Chain | 0.65 | 0.70 | 0.43 | 2.50 | 0.17 | 0.21 | 0 | 6 | -0.25 | -0.01 | 57.94 | 55.00 | 3/21/2025 | No | 18 | 61 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.15 | 0.47 | 0.17 | 1.00 | 0.17 | 0.23 | 2 | 1 | -0.25 | -0.01 | 34.37 | 33.00 | 3/28/2025 | No | 12 | 64 | None | |
| MCD | McDonald`s Corp | Options Chain | 0.81 | 2.10 | 0.81 | 5.00 | 0.16 | 0.21 | 10 | 10 | -0.26 | -0.08 | 294.30 | 280.00 | 3/28/2025 | No | 11 | 67 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 0.65 | 0.75 | 0.40 | 2.50 | 0.16 | 0.29 | 7 | 0 | -0.24 | -0.02 | 47.93 | 45.00 | 3/21/2025 | No | 11 | 78 | None | |
| CTSH | Cognizant Technology Solutions Corp - Class A | Options Chain | 0.80 | 0.90 | 0.40 | 2.50 | 0.16 | 0.22 | 1 | 0 | -0.24 | -0.03 | 86.20 | 82.50 | 3/21/2025 | No | 16 | 62 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.86 | 0.91 | 0.15 | 1.00 | 0.15 | 0.38 | 1 | 0 | -0.27 | -0.02 | 38.22 | 36.00 | 3/28/2025 | No | 12 | 55 | None |
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