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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corp | Options Chain | 5.20 | 6.60 | 1.90 | 5.00 | 0.38 | 0.44 | 4 | 1 | -0.26 | -0.15 | 232.76 | 210.00 | 11/6/2026 | Yes | 12 | 73 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.20 | 4.85 | 0.95 | 2.50 | 0.38 | 0.32 | 6 | 0 | -0.28 | -0.09 | 158.71 | 155.00 | 11/6/2026 | Yes | 13 | 74 | None | |
| WMT | Walmart Inc | Options Chain | 1.69 | 1.99 | 0.36 | 1.00 | 0.36 | 0.25 | 3 | 2 | -0.29 | -0.05 | 110.53 | 105.00 | 11/6/2026 | No | 9 | 59 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.45 | 7.85 | 1.73 | 5.00 | 0.35 | 0.53 | 4 | 18 | -0.26 | -0.14 | 197.24 | 175.00 | 11/6/2026 | Yes | 10 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.65 | 11.45 | 1.57 | 5.00 | 0.31 | 0.34 | 0 | 6 | -0.30 | -0.23 | 446.57 | 430.00 | 11/6/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| MCD | McDonald`s Corp | Options Chain | 2.46 | 3.30 | 1.32 | 5.00 | 0.26 | 0.23 | 17 | 11 | -0.25 | -0.10 | 238.32 | 230.00 | 11/6/2026 | Yes | 9 | 52 | None | |
| ORCL | Oracle Corp | Options Chain | 3.25 | 3.45 | 1.16 | 5.00 | 0.23 | 0.53 | 408 | 835 | -0.24 | -0.10 | 148.56 | 125.00 | 10/30/2026 | No | 11 | 69 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.65 | 6.95 | 1.15 | 5.00 | 0.23 | 0.26 | 3 | 1 | -0.28 | -0.13 | 337.53 | 320.00 | 11/6/2026 | Yes | 8 | 71 | None | |
| CRM | Salesforce Inc | Options Chain | 5.25 | 6.85 | 1.10 | 5.00 | 0.22 | 0.39 | 1 | 5 | -0.28 | -0.15 | 233.28 | 225.00 | 11/6/2026 | No | 10 | 63 | None | |
| F | Ford Motor Company | Options Chain | 0.26 | 0.38 | 0.11 | 0.50 | 0.22 | 0.39 | 15 | 22 | -0.29 | -0.01 | 12.94 | 12.00 | 11/6/2026 | Yes | 9 | 51 | None | |
| CVX | Chevron Corp | Options Chain | 1.70 | 5.15 | 1.04 | 5.00 | 0.21 | 0.29 | 11 | 10 | -0.26 | -0.09 | 205.51 | 195.00 | 11/6/2026 | Yes | 13 | 77 | None |