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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | Cisco Systems Inc | Options Chain | 2.17 | 3.10 | 0.46 | 1.00 | 0.46 | 0.37 | 0 | 9 | -0.29 | -0.05 | 102.01 | 91.00 | 12/31/2026 | Yes | 9 | 62 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.10 | 24.20 | 1.85 | 5.00 | 0.37 | 0.88 | 6 | 4 | -0.29 | -0.40 | 371.17 | 300.00 | 12/31/2026 | Yes | 11 | 53 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.10 | 8.60 | 1.85 | 5.00 | 0.37 | 0.47 | 0 | 2 | -0.30 | -0.12 | 177.14 | 160.00 | 12/31/2026 | No | 10 | 63 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.39 | 0.69 | 0.18 | 0.50 | 0.36 | 0.27 | 3 | 2 | -0.29 | -0.01 | 24.48 | 23.50 | 12/31/2026 | No | 6 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.54 | 0.71 | 0.14 | 0.50 | 0.28 | 0.34 | 1 | 0 | -0.30 | -0.01 | 24.80 | 24.00 | 12/31/2026 | No | 15 | 68 | None | |
| KO | Coca-Cola Company | Options Chain | 1.20 | 1.44 | 0.25 | 1.00 | 0.25 | 0.20 | 1 | 4 | -0.29 | -0.03 | 97.44 | 95.00 | 12/31/2026 | No | 9 | 61 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.88 | 4.00 | 1.21 | 5.00 | 0.24 | 0.30 | 0 | 2 | -0.28 | -0.07 | 169.81 | 160.00 | 12/31/2026 | No | 11 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.55 | 12.80 | 0.98 | 5.00 | 0.20 | 0.42 | 3 | 1 | -0.30 | -0.24 | 405.49 | 370.00 | 12/31/2026 | No | 20 | 62 |
Dividend Stock List |