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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | Intuit Inc | Options Chain | 16.90 | 20.10 | 3.80 | 10.00 | 0.38 | 0.64 | 1 | 0 | -0.28 | -0.33 | 399.21 | 360.00 | 4/2/2026 | Yes | 10 | 61 | None | |
| AMAT | Applied Materials Inc | Options Chain | 12.15 | 14.75 | 1.90 | 5.00 | 0.38 | 0.54 | 9 | 21 | -0.28 | -0.27 | 354.91 | 325.00 | 4/2/2026 | No | 12 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.25 | 12.60 | 1.85 | 5.00 | 0.37 | 0.46 | 12 | 0 | -0.29 | -0.23 | 368.10 | 340.00 | 4/2/2026 | No | 22 | 67 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 5.05 | 7.55 | 1.72 | 5.00 | 0.34 | 0.32 | 0 | 4 | -0.27 | -0.13 | 303.01 | 285.00 | 4/2/2026 | No | 9 | 78 | None | |
| EQT | EQT Corp | Options Chain | 1.37 | 2.05 | 0.32 | 1.00 | 0.32 | 0.38 | 0 | 200 | -0.30 | -0.03 | 57.11 | 55.00 | 4/2/2026 | Yes | 12 | 68 | None | |
| ORCL | Oracle Corp | Options Chain | 7.75 | 9.40 | 1.53 | 5.00 | 0.31 | 0.69 | 2 | 1 | -0.30 | -0.15 | 155.75 | 145.00 | 4/2/2026 | Yes | 10 | 66 | None | |
| AXP | American Express Company | Options Chain | 6.20 | 8.25 | 1.45 | 5.00 | 0.29 | 0.32 | 2 | 5 | -0.28 | -0.17 | 342.88 | 320.00 | 4/2/2026 | No | 12 | 69 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.85 | 14.40 | 1.38 | 5.00 | 0.28 | 0.59 | 3 | 2 | -0.28 | -0.26 | 325.17 | 295.00 | 4/2/2026 | Yes | 9 | 65 | None | |
| VST | Vistra Corp | Options Chain | 5.55 | 9.00 | 1.30 | 5.00 | 0.26 | 0.59 | 1 | 0 | -0.29 | -0.12 | 162.55 | 155.00 | 4/2/2026 | Yes | 7 | 56 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.60 | 6.95 | 1.25 | 5.00 | 0.25 | 0.36 | 0 | 4 | -0.27 | -0.14 | 259.00 | 245.00 | 4/2/2026 | No | 14 | 72 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.85 | 9.30 | 1.20 | 5.00 | 0.24 | 0.31 | 6 | 5 | -0.29 | -0.18 | 401.32 | 380.00 | 4/2/2026 | No | 11 | 65 | None | |
| V | Visa Inc - Class A | Options Chain | 4.75 | 6.90 | 1.05 | 5.00 | 0.21 | 0.27 | 5 | 2 | -0.28 | -0.14 | 325.09 | 300.00 | 4/2/2026 | No | 10 | 65 | None | |
| MS | Morgan Stanley | Options Chain | 2.90 | 6.10 | 0.96 | 5.00 | 0.19 | 0.38 | 3 | 4 | -0.28 | -0.09 | 168.83 | 160.00 | 4/2/2026 | No | 12 | 75 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 3.85 | 6.80 | 0.93 | 5.00 | 0.19 | 0.30 | 0 | 2 | -0.27 | -0.10 | 283.77 | 275.00 | 4/2/2026 | No | 9 | 58 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.62 | 2.97 | 0.17 | 1.00 | 0.17 | 0.33 | 4 | 0 | -0.30 | -0.05 | 93.72 | 89.00 | 4/2/2026 | No | 13 | 71 | None |