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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.08 | 1.50 | 0.37 | 1.00 | 0.37 | 0.36 | 3 | 1 | -0.30 | -0.02 | 49.99 | 47.00 | 11/01 | Yes | 9 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.10 | 4.80 | 1.77 | 5.00 | 0.35 | 0.31 | 3 | 6 | -0.25 | -0.10 | 214.67 | 205.00 | 11/01 | Yes | 12 | None | |
| MU | Micron Technology Inc | Options Chain | 3.75 | 3.90 | 0.35 | 1.00 | 0.35 | 0.59 | 34 | 1 | -0.29 | -0.08 | 87.18 | 80.00 | 11/01 | Yes | 7 | None | |
| GM | General Motors Company | Options Chain | 1.11 | 1.45 | 0.31 | 1.00 | 0.31 | 0.39 | 5 | 0 | -0.29 | -0.03 | 46.30 | 44.00 | 11/01 | Yes | 17 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.90 | 4.85 | 1.46 | 5.00 | 0.29 | 0.41 | 1 | 2 | -0.27 | -0.10 | 166.61 | 155.00 | 11/01 | Yes | 11 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.10 | 9.55 | 1.45 | 5.00 | 0.29 | 0.27 | 3 | 14 | -0.30 | -0.20 | 431.34 | 415.00 | 11/01 | Yes | 14 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.88 | 1.15 | 0.29 | 1.00 | 0.29 | 0.29 | 0 | 2 | -0.27 | -0.03 | 51.29 | 49.00 | 11/01 | No | 12 | None | |
| CVS | CVS Health Corp | Options Chain | 1.33 | 1.45 | 0.29 | 1.00 | 0.29 | 0.34 | 11 | 2 | -0.30 | -0.02 | 57.98 | 55.00 | 11/01 | No | 17 | None | |
| FDX | Fedex Corp | Options Chain | 6.30 | 7.40 | 1.43 | 5.00 | 0.29 | 0.36 | 1 | 3 | -0.28 | -0.17 | 286.38 | 275.00 | 11/01 | Yes | 13 | None | |
| TGT | Target Corp | Options Chain | 2.56 | 2.74 | 0.27 | 1.00 | 0.27 | 0.25 | 0 | 20 | -0.29 | -0.07 | 152.84 | 147.00 | 11/01 | No | 17 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.52 | 0.65 | 0.26 | 1.00 | 0.26 | 0.19 | 2 | 1 | -0.26 | -0.01 | 49.80 | 49.00 | 11/01 | No | 10 | None | |
| PFE | Pfizer Inc | Options Chain | 0.41 | 0.62 | 0.24 | 1.00 | 0.24 | 0.25 | 45 | 12 | -0.28 | -0.01 | 30.07 | 29.00 | 11/01 | Yes | 5 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 4.25 | 4.45 | 1.18 | 5.00 | 0.24 | 0.45 | 28 | 14 | -0.25 | -0.11 | 169.08 | 155.00 | 11/01 | Yes | 21 |
Dividend Stock List |
|
| GE | General Electric Company | Options Chain | 3.85 | 4.20 | 1.18 | 5.00 | 0.24 | 0.36 | 7 | 5 | -0.26 | -0.09 | 178.28 | 170.00 | 11/01 | Yes | 10 | None | |
| ORCL | Oracle Corp | Options Chain | 2.56 | 3.20 | 0.58 | 2.50 | 0.23 | 0.27 | 17 | 58 | -0.26 | -0.07 | 170.33 | 162.50 | 11/01 | No | 11 | None | |
| V | Visa Inc - Class A | Options Chain | 3.75 | 4.05 | 1.15 | 5.00 | 0.23 | 0.22 | 0 | 1 | -0.27 | -0.11 | 290.48 | 280.00 | 11/01 | Yes | 11 | None | |
| KR | Kroger Company | Options Chain | 0.71 | 0.80 | 0.22 | 1.00 | 0.22 | 0.23 | 0 | 4 | -0.26 | -0.02 | 55.91 | 54.00 | 11/01 | No | 10 | None | |
| SLB | SLB | Options Chain | 0.77 | 0.93 | 0.22 | 1.00 | 0.22 | 0.34 | 0 | 4 | -0.27 | -0.02 | 40.40 | 38.00 | 11/01 | Yes | 14 | None | |
| KO | Coca-Cola Company | Options Chain | 0.67 | 0.78 | 0.21 | 1.00 | 0.21 | 0.17 | 5 | 53 | -0.27 | -0.03 | 71.55 | 70.00 | 11/01 | Yes | 8 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.63 | 0.72 | 0.20 | 1.00 | 0.20 | 0.30 | 2 | 0 | -0.25 | -0.02 | 39.10 | 37.00 | 11/01 | Yes | 13 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.25 | 0.35 | 0.10 | 0.50 | 0.20 | 0.32 | 0 | 5 | -0.25 | -0.01 | 17.15 | 16.00 | 11/01 | No | 15 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.35 | 3.70 | 0.96 | 5.00 | 0.19 | 0.21 | 6 | 13 | -0.25 | -0.11 | 296.69 | 285.00 | 11/01 | Yes | 11 | None | |
| MO | Altria Group Inc | Options Chain | 0.61 | 0.68 | 0.19 | 1.00 | 0.19 | 0.20 | 67 | 4 | -0.29 | -0.02 | 51.70 | 50.00 | 11/01 | Yes | 14 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.69 | 3.45 | 0.90 | 5.00 | 0.18 | 0.28 | 16 | 3 | -0.24 | -0.06 | 204.29 | 195.00 | 11/01 | Yes | 17 | None | |
| CSX | CSX Corp | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.26 | 0 | 8 | -0.24 | -0.01 | 33.52 | 32.00 | 11/01 | Yes | 10 | None | |
| CVX | Chevron Corp | Options Chain | 1.72 | 1.94 | 0.86 | 5.00 | 0.17 | 0.25 | 4 | 1 | -0.24 | -0.06 | 140.61 | 135.00 | 11/01 | Yes | 10 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.00 | 1.26 | 0.17 | 1.00 | 0.17 | 0.32 | 0 | 4 | -0.26 | -0.03 | 53.79 | 51.00 | 11/01 | Yes | 19 | None | |
| NKE | Nike Inc - Class B | Options Chain | 1.95 | 2.18 | 0.16 | 1.00 | 0.16 | 0.38 | 2 | 0 | -0.28 | -0.05 | 79.80 | 75.00 | 11/01 | Yes | 18 | None |