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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.82 | 2.42 | 0.47 | 1.00 | 0.47 | 0.59 | 0 | 1 | -0.28 | -0.05 | 49.16 | 45.00 | 1/2/2026 | No | 14 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 8.60 | 10.55 | 1.85 | 5.00 | 0.37 | 0.56 | 9 | 29 | -0.29 | -0.18 | 217.57 | 205.00 | 1/2/2026 | Yes | 8 | 62 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.04 | 1.30 | 0.35 | 1.00 | 0.35 | 0.45 | 0 | 2 | -0.27 | -0.03 | 40.54 | 37.00 | 1/2/2026 | No | 11 | 60 | None | |
| AMAT | Applied Materials Inc | Options Chain | 6.40 | 8.85 | 1.50 | 5.00 | 0.30 | 0.45 | 21 | 0 | -0.29 | -0.12 | 226.01 | 210.00 | 1/2/2026 | No | 14 | 68 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.65 | 7.75 | 1.32 | 5.00 | 0.26 | 0.38 | 2 | 2 | -0.28 | -0.14 | 282.20 | 265.00 | 1/2/2026 | No | 22 | 76 |
Dividend Stock List |
|
| COF | Capital One Financial Corp | Options Chain | 4.00 | 5.30 | 1.20 | 5.00 | 0.24 | 0.32 | 0 | 10 | -0.29 | -0.11 | 211.15 | 200.00 | 1/2/2026 | No | 9 | 68 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.00 | 10.00 | 1.20 | 5.00 | 0.24 | 0.25 | 6 | 3 | -0.29 | -0.19 | 503.81 | 490.00 | 1/2/2026 | No | 14 | 68 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.55 | 13.75 | 1.17 | 5.00 | 0.23 | 0.53 | 6 | 4 | -0.29 | -0.24 | 342.46 | 315.00 | 1/2/2026 | Yes | 9 | 67 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.75 | 1.07 | 0.23 | 1.00 | 0.23 | 0.27 | 2 | 0 | -0.30 | -0.02 | 47.31 | 45.00 | 1/2/2026 | No | 15 | 65 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.85 | 5.90 | 1.10 | 5.00 | 0.22 | 0.25 | 20 | 0 | -0.27 | -0.12 | 309.48 | 290.00 | 1/2/2026 | No | 11 | 79 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.49 | 2.13 | 0.20 | 1.00 | 0.20 | 0.46 | 1 | 0 | -0.27 | -0.04 | 59.91 | 54.00 | 1/2/2026 | No | 12 | 65 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.85 | 1.34 | 0.19 | 1.00 | 0.19 | 0.24 | 10 | 0 | -0.27 | -0.03 | 78.00 | 74.00 | 1/2/2026 | No | 10 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.76 | 1.00 | 0.19 | 1.00 | 0.19 | 0.17 | 1 | 1 | -0.30 | -0.02 | 71.07 | 69.00 | 1/2/2026 | No | 9 | 70 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.67 | 3.80 | 0.93 | 5.00 | 0.19 | 0.35 | 0 | 150 | -0.23 | -0.08 | 174.50 | 160.00 | 1/2/2026 | No | 12 | 67 | None | |
| SLB | SLB | Options Chain | 0.50 | 0.81 | 0.17 | 1.00 | 0.17 | 0.33 | 5 | 0 | -0.25 | -0.01 | 36.31 | 34.00 | 1/2/2026 | No | 12 | 69 | None | |
| V | Visa Inc - Class A | Options Chain | 3.95 | 4.85 | 0.84 | 5.00 | 0.17 | 0.23 | 0 | 10 | -0.26 | -0.12 | 336.08 | 315.00 | 1/2/2026 | No | 10 | 69 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.53 | 0.66 | 0.16 | 1.00 | 0.16 | 0.32 | 7 | 11 | -0.28 | -0.01 | 27.51 | 26.00 | 1/2/2026 | No | 13 | 66 | None |