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 | Lists |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 1.01 | 1.06 | 0.48 | 1.00 | 0.48 | 0.19 | 134 | 16 | -0.29 | -0.03 | 87.18 | 85.00 | 12/27 | Yes | 8 | None | |
| GM | General Motors Company | Options Chain | 0.81 | 0.94 | 0.38 | 1.00 | 0.38 | 0.31 | 1 | 0 | -0.26 | -0.03 | 55.28 | 52.00 | 12/27 | No | 17 | None | |
| SLB | SLB | Options Chain | 0.58 | 0.78 | 0.36 | 1.00 | 0.36 | 0.31 | 2 | 2 | -0.27 | -0.02 | 43.53 | 41.00 | 12/27 | No | 16 | None | |
| LLY | Lilly(Eli) & Company | Options Chain | 15.45 | 19.65 | 1.68 | 5.00 | 0.34 | 0.37 | 5 | 6 | -0.29 | -0.48 | 753.41 | 715.00 | 12/27 | No | 7 | None | |
| LUV | Southwest Airlines Company | Options Chain | 0.56 | 0.64 | 0.33 | 1.00 | 0.33 | 0.33 | 2 | 7 | -0.28 | -0.02 | 31.77 | 30.00 | 12/27 | No | 9 | None | |
| AA | Alcoa Corp | Options Chain | 1.32 | 1.48 | 0.32 | 1.00 | 0.32 | 0.47 | 0 | 4 | -0.29 | -0.04 | 45.86 | 43.00 | 12/27 | No | 6 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.47 | 1.64 | 0.31 | 1.00 | 0.31 | 0.37 | 24 | 24 | -0.28 | -0.04 | 73.36 | 69.00 | 12/27 | Yes | 15 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.18 | 1.64 | 0.30 | 1.00 | 0.30 | 0.20 | 1 | 0 | -0.28 | -0.05 | 119.74 | 116.00 | 12/27 | Yes | 12 | None | |
| ORCL | Oracle Corp | Options Chain | 4.70 | 5.10 | 1.45 | 5.00 | 0.29 | 0.41 | 42 | 129 | -0.29 | -0.13 | 190.75 | 180.00 | 12/27 | Yes | 10 | None | |
| LOW | Lowe`s Cos. Inc | Options Chain | 3.65 | 4.20 | 1.41 | 5.00 | 0.28 | 0.24 | 11 | 3 | -0.30 | -0.12 | 263.03 | 255.00 | 12/27 | Yes | 12 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 0.85 | 0.28 | 1.00 | 0.28 | 0.33 | 0 | 1 | -0.30 | -0.02 | 35.59 | 34.00 | 12/27 | No | 11 | None | |
| AZN | Astrazeneca plc | Options Chain | 0.91 | 1.10 | 0.27 | 1.00 | 0.27 | 0.26 | 5 | 100 | -0.29 | -0.03 | 63.95 | 61.00 | 12/27 | No | 12 | None | |
| NEM | Newmont Corp | Options Chain | 0.72 | 0.82 | 0.27 | 1.00 | 0.27 | 0.29 | 1 | 1217 | -0.29 | -0.02 | 42.99 | 41.00 | 12/27 | No | 7 | None | |
| SBUX | Starbucks Corp | Options Chain | 1.35 | 1.62 | 0.27 | 1.00 | 0.27 | 0.25 | 9 | 0 | -0.30 | -0.05 | 98.26 | 95.00 | 12/27 | No | 12 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.09 | 1.14 | 0.26 | 1.00 | 0.26 | 0.25 | 1 | 5 | -0.28 | -0.03 | 73.58 | 71.00 | 12/27 | No | 18 | None | |
| GOLD | Barrick Gold Corp | Options Chain | 0.31 | 0.35 | 0.13 | 0.50 | 0.26 | 0.31 | 40 | 15 | -0.29 | -0.01 | 17.80 | 17.00 | 12/27 | No | 17 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 3.30 | 3.50 | 1.26 | 5.00 | 0.25 | 0.37 | 23 | 97 | -0.23 | -0.10 | 188.36 | 175.00 | 12/27 | No | 21 |
Dividend Stock List |
|
| C | Citigroup Inc | Options Chain | 1.00 | 1.03 | 0.25 | 1.00 | 0.25 | 0.24 | 34 | 14 | -0.29 | -0.03 | 68.60 | 66.00 | 12/27 | No | 13 | None | |
| EQT | EQT Corp | Options Chain | 0.25 | 1.05 | 0.24 | 1.00 | 0.24 | 0.36 | 1 | 1 | -0.27 | -0.03 | 44.18 | 44.00 | 12/27 | No | 5 | None | |
| NVO | Novo Nordisk | Options Chain | 3.15 | 4.20 | 0.23 | 1.00 | 0.23 | 0.50 | 2 | 10 | -0.29 | -0.09 | 105.27 | 98.00 | 12/27 | No | 15 | None | |
| MSFT | Microsoft Corporation | Options Chain | 4.55 | 4.95 | 1.15 | 5.00 | 0.23 | 0.22 | 63 | 43 | -0.26 | -0.16 | 415.49 | 400.00 | 12/27 | No | 15 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.00 | 1.10 | 0.22 | 1.00 | 0.22 | 0.25 | 0 | 1 | -0.26 | -0.04 | 80.46 | 77.00 | 12/27 | No | 9 | None | |
| CVS | CVS Health Corp | Options Chain | 0.81 | 0.90 | 0.22 | 1.00 | 0.22 | 0.29 | 24 | 4 | -0.26 | -0.03 | 55.77 | 54.00 | 12/27 | No | 15 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.71 | 0.89 | 0.22 | 1.00 | 0.22 | 0.23 | 0 | 6 | -0.29 | -0.03 | 58.49 | 56.00 | 12/27 | No | 9 | None | |
| NEE | NextEra Energy Inc | Options Chain | 0.93 | 1.06 | 0.21 | 1.00 | 0.21 | 0.25 | 0 | 2 | -0.26 | -0.03 | 76.88 | 73.00 | 12/27 | No | 14 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 4.85 | 5.20 | 0.83 | 4.00 | 0.21 | 0.57 | 0 | 3 | -0.29 | -0.13 | 135.90 | 124.00 | 12/27 | Yes | 14 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.50 | 0.55 | 0.20 | 1.00 | 0.20 | 0.29 | 3 | 5 | -0.25 | -0.01 | 37.91 | 36.00 | 12/27 | No | 10 | None | |
| INTC | Intel Corp | Options Chain | 0.65 | 0.84 | 0.10 | 0.50 | 0.20 | 0.49 | 22 | 110 | -0.30 | -0.02 | 24.01 | 22.50 | 12/27 | No | 6 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.76 | 3.15 | 0.97 | 5.00 | 0.19 | 0.36 | 28 | 129 | -0.27 | -0.08 | 154.27 | 145.00 | 12/27 | No | 16 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.48 | 0.51 | 0.19 | 1.00 | 0.19 | 0.22 | 4 | 5 | -0.24 | -0.01 | 46.48 | 44.00 | 12/27 | No | 10 | None | |
| AMAT | Applied Materials Inc | Options Chain | 2.73 | 3.20 | 0.90 | 5.00 | 0.18 | 0.35 | 15 | 12 | -0.26 | -0.09 | 169.60 | 160.00 | 12/27 | No | 16 | None | |
| TGT | Target Corp | Options Chain | 1.38 | 1.66 | 0.86 | 5.00 | 0.17 | 0.25 | 447 | 420 | -0.24 | -0.06 | 121.72 | 115.00 | 12/27 | Yes | 17 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.52 | 0.66 | 0.17 | 1.00 | 0.17 | 0.26 | 64 | 4 | -0.23 | -0.02 | 50.91 | 48.00 | 12/27 | No | 9 | None | |
| MO | Altria Group Inc | Options Chain | 0.34 | 0.78 | 0.16 | 1.00 | 0.16 | 0.17 | 43 | 8 | -0.28 | -0.01 | 55.98 | 54.00 | 12/27 | No | 12 | None | |
| ALB | Albemarle Corp | Options Chain | 2.93 | 3.55 | 0.16 | 1.00 | 0.16 | 0.47 | 0 | 1 | -0.29 | -0.08 | 106.72 | 102.00 | 12/27 | No | 7 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.05 | 2.15 | 0.78 | 5.00 | 0.16 | 0.22 | 12 | 20 | -0.22 | -0.09 | 240.78 | 230.00 | 12/27 | No | 15 | None | |
| CSX | CSX Corp | Options Chain | 0.35 | 0.40 | 0.15 | 1.00 | 0.15 | 0.23 | 0 | 1 | -0.25 | -0.01 | 34.60 | 33.00 | 12/27 | No | 10 | None |