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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F | Ford Motor Company | Options Chain | 0.00 | 1.10 | 0.43 | 0.50 | 0.86 | 1.50 | 0 | 2 | -0.25 | 0.00 | 13.29 | 12.50 | 2/6/2026 | Yes | 16 | 54 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.97 | 1.59 | 0.37 | 1.00 | 0.37 | 0.28 | 4 | 17 | -0.30 | -0.03 | 58.36 | 58.00 | 2/6/2026 | No | 13 | 55 | None | |
| COST | Costco Wholesale Corp | Options Chain | 9.10 | 11.85 | 1.65 | 5.00 | 0.33 | 0.19 | 4 | 1 | -0.30 | -0.28 | 854.25 | 850.00 | 2/6/2026 | Yes | 15 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.70 | 10.50 | 1.55 | 5.00 | 0.31 | 0.27 | 15 | 3 | -0.30 | -0.23 | 486.98 | 470.00 | 2/6/2026 | Yes | 14 | 69 | None | |
| ORCL | Oracle Corp | Options Chain | 5.45 | 6.45 | 1.47 | 5.00 | 0.29 | 0.43 | 1 | 4 | -0.30 | -0.13 | 195.34 | 185.00 | 2/6/2026 | No | 10 | 65 | None | |
| AVGO | Broadcom Inc | Options Chain | 8.50 | 10.75 | 1.08 | 5.00 | 0.22 | 0.41 | 12 | 10 | -0.30 | -0.22 | 349.32 | 330.00 | 2/6/2026 | No | 12 | 67 | None | |
| MO | Altria Group Inc | Options Chain | 0.92 | 1.08 | 0.17 | 1.00 | 0.17 | 0.18 | 2 | 0 | -0.27 | -0.01 | 58.75 | 57.00 | 2/6/2026 | Yes | 9 | 60 | None |