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 | 15.50 | 19.10 | 1.47 | 5.00 | 0.29 | 0.58 | 0 | 1 | -0.29 | -0.32 | 397.90 | 365.00 | 5/29/2026 | Yes | 14 | 63 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 8.45 | 9.30 | 1.43 | 5.00 | 0.29 | 0.37 | 65 | 68 | -0.29 | -0.20 | 373.10 | 350.00 | 5/22/2026 | Yes | 15 | 72 | None | |
| HPQ | HP Inc | Options Chain | 0.46 | 0.76 | 0.14 | 0.50 | 0.28 | 0.50 | 2 | 503 | -0.29 | -0.01 | 18.39 | 16.50 | 5/29/2026 | Yes | 13 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.50 | 13.30 | 1.40 | 5.00 | 0.28 | 0.45 | 8 | 11 | -0.29 | -0.25 | 366.40 | 345.00 | 5/29/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 10.90 | 12.75 | 1.38 | 5.00 | 0.28 | 0.48 | 28 | 25 | -0.29 | -0.27 | 355.50 | 345.00 | 5/22/2026 | No | 12 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.50 | 8.55 | 1.15 | 5.00 | 0.23 | 0.41 | 6 | 6 | -0.30 | -0.13 | 237.12 | 215.00 | 5/29/2026 | Yes | 14 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 0.33 | 1.36 | 0.22 | 1.00 | 0.22 | 0.41 | 6 | 1 | -0.27 | -0.02 | 37.42 | 34.00 | 5/29/2026 | Yes | 11 | 54 | None | |
| T | AT&T Inc | Options Chain | 0.44 | 0.58 | 0.22 | 1.00 | 0.22 | 0.30 | 0 | 1 | -0.28 | -0.01 | 26.46 | 25.00 | 5/29/2026 | Yes | 11 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 3.65 | 5.50 | 1.00 | 5.00 | 0.20 | 0.52 | 4 | 168 | -0.26 | -0.11 | 137.95 | 125.00 | 5/29/2026 | No | 7 | 60 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.67 | 3.20 | 0.93 | 5.00 | 0.19 | 0.32 | 16 | 15 | -0.23 | -0.05 | 154.33 | 140.00 | 5/29/2026 | Yes | 10 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.35 | 7.35 | 0.92 | 5.00 | 0.18 | 0.34 | 8 | 0 | -0.27 | -0.16 | 304.33 | 285.00 | 5/29/2026 | Yes | 10 | 65 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.29 | 1.68 | 0.18 | 1.00 | 0.18 | 0.39 | 2 | 0 | -0.27 | -0.03 | 58.29 | 54.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.70 | 7.20 | 0.87 | 5.00 | 0.17 | 0.28 | 2 | 1 | -0.29 | -0.13 | 309.90 | 295.00 | 5/29/2026 | Yes | 7 | 70 | None | |
| COST | Costco Wholesale Corp | Options Chain | 13.20 | 20.65 | 0.85 | 5.00 | 0.17 | 0.25 | 0 | 50 | -0.28 | -0.34 | 1,031.68 | 955.00 | 5/29/2026 | No | 14 | 61 | None |