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 | 7.70 | 11.25 | 1.60 | 5.00 | 0.32 | 0.35 | 42 | 40 | -0.28 | -0.22 | 412.35 | 390.00 | 12/4/2026 | No | 20 | 61 |
Dividend Stock List |
|
| NVO | Novo Nordisk | Options Chain | 0.77 | 0.98 | 0.28 | 1.00 | 0.28 | 0.37 | 2 | 6 | -0.27 | -0.02 | 39.32 | 37.00 | 12/4/2026 | No | 14 | 59 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.41 | 0.79 | 0.27 | 1.00 | 0.27 | 0.28 | 0 | 5 | -0.28 | -0.01 | 33.79 | 32.00 | 12/4/2026 | No | 10 | 59 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.90 | 1.18 | 0.27 | 1.00 | 0.27 | 0.39 | 0 | 12 | -0.30 | -0.02 | 38.08 | 36.00 | 12/4/2026 | No | 12 | 58 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.86 | 2.41 | 0.67 | 2.50 | 0.27 | 0.19 | 2 | 5 | -0.30 | -0.04 | 165.93 | 160.00 | 12/4/2026 | No | 8 | 67 | None | |
| TGT | Target Corp | Options Chain | 3.15 | 4.45 | 1.33 | 5.00 | 0.27 | 0.40 | 0 | 6 | -0.26 | -0.06 | 152.38 | 145.00 | 12/4/2026 | Yes | 11 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.05 | 8.15 | 1.30 | 5.00 | 0.26 | 0.28 | 0 | 1 | -0.28 | -0.20 | 417.15 | 405.00 | 12/4/2026 | No | 13 | 64 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.40 | 4.50 | 1.25 | 5.00 | 0.25 | 0.26 | 10 | 2 | -0.25 | -0.10 | 266.01 | 255.00 | 12/4/2026 | No | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.70 | 11.75 | 1.25 | 5.00 | 0.25 | 0.31 | 11 | 2 | -0.29 | -0.25 | 522.00 | 495.00 | 12/4/2026 | No | 11 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.91 | 1.33 | 0.24 | 1.00 | 0.24 | 0.20 | 1 | 0 | -0.28 | -0.02 | 95.51 | 91.00 | 12/4/2026 | No | 9 | 61 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.30 | 6.95 | 1.18 | 5.00 | 0.24 | 0.53 | 3 | 2 | -0.25 | -0.12 | 177.96 | 155.00 | 12/4/2026 | No | 12 | 70 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.25 | 3.70 | 1.18 | 5.00 | 0.24 | 0.25 | 3 | 8 | -0.27 | -0.08 | 252.30 | 240.00 | 12/4/2026 | No | 9 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.99 | 3.30 | 1.05 | 5.00 | 0.21 | 0.31 | 17 | 3 | -0.22 | -0.06 | 178.59 | 165.00 | 12/4/2026 | Yes | 11 | 64 | None | |
| RTX | RTX Corp | Options Chain | 1.73 | 4.50 | 0.91 | 5.00 | 0.18 | 0.27 | 0 | 2 | -0.28 | -0.08 | 195.42 | 185.00 | 12/4/2026 | Yes | 12 | 66 | None |