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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 1.60 | 2.50 | 0.52 | 1.00 | 0.52 | 0.56 | 0 | 2 | -0.28 | -0.04 | 53.92 | 49.00 | 10/2/2026 | No | 13 | 54 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.50 | 7.00 | 1.90 | 5.00 | 0.38 | 0.37 | 4 | 1 | -0.27 | -0.12 | 237.14 | 220.00 | 10/2/2026 | No | 13 | 73 | None | |
| V | Visa Inc - Class A | Options Chain | 4.95 | 7.45 | 1.80 | 5.00 | 0.36 | 0.21 | 0 | 5 | -0.30 | -0.12 | 365.45 | 355.00 | 10/2/2026 | No | 10 | 64 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.71 | 3.35 | 0.84 | 2.50 | 0.34 | 0.27 | 1 | 0 | -0.29 | -0.06 | 158.73 | 152.50 | 10/2/2026 | No | 13 | 73 | None | |
| COP | Conoco Phillips | Options Chain | 2.01 | 2.55 | 0.33 | 1.00 | 0.33 | 0.31 | 1 | 2 | -0.28 | -0.05 | 124.50 | 119.00 | 10/2/2026 | No | 12 | 78 | None | |
| ORCL | Oracle Corp | Options Chain | 5.70 | 7.95 | 1.63 | 5.00 | 0.33 | 0.65 | 5 | 2 | -0.28 | -0.13 | 156.22 | 135.00 | 10/2/2026 | Yes | 7 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.21 | 0.61 | 0.14 | 0.50 | 0.28 | 0.23 | 1 | 0 | -0.29 | -0.01 | 24.58 | 24.00 | 10/2/2026 | No | 10 | 60 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.05 | 8.55 | 1.35 | 5.00 | 0.27 | 0.28 | 0 | 2 | -0.27 | -0.15 | 399.06 | 380.00 | 10/2/2026 | No | 13 | 64 | None | |
| EQT | EQT Corp | Options Chain | 0.80 | 1.00 | 0.26 | 1.00 | 0.26 | 0.26 | 1 | 0 | -0.26 | -0.02 | 54.08 | 52.00 | 10/2/2026 | No | 14 | 69 | None | |
| KO | Coca-Cola Company | Options Chain | 0.80 | 0.99 | 0.26 | 1.00 | 0.26 | 0.18 | 4 | 2 | -0.26 | -0.02 | 87.42 | 84.00 | 10/2/2026 | No | 9 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.70 | 4.75 | 1.29 | 5.00 | 0.26 | 0.44 | 0 | 4 | -0.26 | -0.09 | 164.79 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.35 | 5.20 | 1.24 | 5.00 | 0.25 | 0.20 | 10 | 2 | -0.27 | -0.12 | 363.11 | 350.00 | 10/2/2026 | No | 12 | 79 | None | |
| DOW | Dow Inc | Options Chain | 0.57 | 0.79 | 0.23 | 1.00 | 0.23 | 0.41 | 1 | 0 | -0.23 | -0.01 | 30.36 | 28.00 | 10/2/2026 | No | 8 | 54 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.94 | 2.70 | 1.15 | 5.00 | 0.23 | 0.32 | 36 | 6 | -0.27 | -0.05 | 113.34 | 105.00 | 10/2/2026 | Yes | 11 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 10.70 | 1.02 | 5.00 | 0.20 | 0.35 | 60 | 22 | -0.28 | -0.21 | 430.49 | 400.00 | 10/2/2026 | No | 20 | 61 |
Dividend Stock List |
|
| COST | Costco Wholesale Corp | Options Chain | 13.65 | 16.50 | 1.00 | 5.00 | 0.20 | 0.23 | 0 | 2 | -0.29 | -0.37 | 959.62 | 925.00 | 10/2/2026 | Yes | 15 | 60 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.82 | 1.49 | 0.17 | 1.00 | 0.17 | 0.40 | 1 | 37 | -0.30 | -0.02 | 41.23 | 38.00 | 10/2/2026 | Yes | 11 | 51 | None | |
| NVO | Novo Nordisk | Options Chain | 0.50 | 1.01 | 0.15 | 1.00 | 0.15 | 0.30 | 13 | 5 | -0.25 | -0.02 | 46.72 | 43.00 | 10/2/2026 | No | 11 | 49 | None |