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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.10 | 13.95 | 1.55 | 5.00 | 0.31 | 0.49 | 41 | 20 | -0.29 | -0.22 | 350.32 | 310.00 | 5/1/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 11.95 | 15.95 | 1.45 | 5.00 | 0.29 | 0.53 | 4 | 1 | -0.30 | -0.24 | 337.98 | 310.00 | 5/1/2026 | No | 9 | 65 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.80 | 9.00 | 1.45 | 5.00 | 0.29 | 0.50 | 1 | 0 | -0.30 | -0.13 | 179.91 | 165.00 | 5/1/2026 | Yes | 11 | 69 | None | |
| ORCL | Oracle Corp | Options Chain | 6.20 | 7.80 | 1.32 | 5.00 | 0.26 | 0.59 | 10 | 18 | -0.29 | -0.12 | 159.16 | 145.00 | 5/1/2026 | No | 10 | 67 | None | |
| DG | Dollar General Corp | Options Chain | 2.41 | 3.65 | 1.05 | 5.00 | 0.21 | 0.42 | 1 | 5 | -0.24 | -0.07 | 144.84 | 125.00 | 4/24/2026 | Yes | 11 | 54 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 24.30 | 27.75 | 1.00 | 5.00 | 0.20 | 0.46 | 6 | 0 | -0.30 | -0.56 | 823.76 | 740.00 | 4/24/2026 | Yes | 10 | 68 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.80 | 9.80 | 0.92 | 5.00 | 0.18 | 0.38 | 2 | 0 | -0.30 | -0.14 | 282.89 | 265.00 | 5/1/2026 | Yes | 9 | 79 | None |