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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 9.20 | 13.10 | 1.87 | 5.00 | 0.37 | 0.91 | 0 | 7 | -0.30 | -0.20 | 155.65 | 140.00 | 9/4/2026 | Yes | 9 | 54 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 29.00 | 32.90 | 1.77 | 5.00 | 0.35 | 0.94 | 52 | 106 | -0.29 | -0.60 | 441.07 | 390.00 | 9/4/2026 | Yes | 14 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.84 | 1.25 | 0.35 | 1.00 | 0.35 | 0.40 | 4 | 0 | -0.26 | -0.03 | 44.98 | 42.00 | 9/4/2026 | Yes | 10 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.65 | 16.55 | 1.70 | 5.00 | 0.34 | 0.51 | 6 | 43 | -0.29 | -0.33 | 415.58 | 385.00 | 9/4/2026 | No | 20 | 61 |
Dividend Stock List |
|
| QCOM | Qualcomm Inc | Options Chain | 6.60 | 10.55 | 1.65 | 5.00 | 0.33 | 0.69 | 0 | 10 | -0.30 | -0.16 | 176.99 | 155.00 | 9/4/2026 | Yes | 11 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.25 | 7.45 | 1.50 | 5.00 | 0.30 | 0.43 | 24 | 2 | -0.27 | -0.11 | 204.95 | 190.00 | 9/4/2026 | Yes | 10 | 65 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.00 | 4.80 | 1.40 | 5.00 | 0.28 | 0.33 | 0 | 5 | -0.28 | -0.09 | 170.42 | 160.00 | 9/4/2026 | Yes | 10 | 75 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.85 | 11.05 | 1.30 | 5.00 | 0.26 | 0.41 | 109 | 112 | -0.28 | -0.21 | 388.30 | 355.00 | 9/4/2026 | Yes | 15 | 62 | None | |
| CRM | Salesforce Inc | Options Chain | 3.45 | 7.10 | 1.24 | 5.00 | 0.25 | 0.51 | 69 | 5 | -0.28 | -0.13 | 164.39 | 145.00 | 9/4/2026 | Yes | 15 | 61 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.83 | 5.75 | 1.11 | 5.00 | 0.22 | 0.25 | 0 | 4 | -0.25 | -0.06 | 259.27 | 245.00 | 9/4/2026 | No | 11 | 72 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.75 | 9.40 | 1.10 | 5.00 | 0.22 | 0.29 | 14 | 3 | -0.29 | -0.19 | 431.75 | 405.00 | 9/4/2026 | No | 12 | 63 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.49 | 1.50 | 0.18 | 1.00 | 0.18 | 0.41 | 14 | 19 | -0.26 | -0.02 | 40.99 | 38.00 | 9/4/2026 | No | 14 | 58 | None |