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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.51 | 2.99 | 1.07 | 1.00 | 1.07 | 0.46 | 2 | 6 | -0.29 | -0.04 | 52.56 | 49.00 | 2/6/2026 | Yes | 14 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.95 | 8.75 | 1.97 | 5.00 | 0.39 | 0.35 | 0 | 1 | -0.30 | -0.18 | 298.80 | 285.00 | 2/6/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| ORCL | Oracle Corp | Options Chain | 4.95 | 6.80 | 1.48 | 5.00 | 0.30 | 0.44 | 2 | 5 | -0.29 | -0.14 | 197.49 | 185.00 | 2/6/2026 | No | 7 | 61 | None | |
| MO | Altria Group Inc | Options Chain | 0.81 | 1.21 | 0.29 | 1.00 | 0.29 | 0.18 | 3 | 0 | -0.27 | -0.01 | 58.98 | 57.00 | 2/6/2026 | Yes | 9 | 60 | None | |
| F | Ford Motor Company | Options Chain | 0.00 | 0.47 | 0.10 | 0.50 | 0.20 | 0.84 | 0 | 3 | -0.24 | -0.01 | 13.36 | 12.50 | 2/6/2026 | Yes | 16 | 54 | None |