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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | Oracle Corp | Options Chain | 5.60 | 8.65 | 1.60 | 5.00 | 0.32 | 0.55 | 1 | 2 | -0.29 | -0.11 | 158.08 | 145.00 | 5/1/2026 | No | 10 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.90 | 13.40 | 1.37 | 5.00 | 0.27 | 0.47 | 10 | 0 | -0.30 | -0.23 | 336.71 | 315.00 | 5/1/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.93 | 1.54 | 0.24 | 1.00 | 0.24 | 0.58 | 450 | 60 | -0.27 | -0.02 | 58.95 | 55.00 | 5/1/2026 | No | 11 | 52 | None | |
| F | Ford Motor Company | Options Chain | 0.29 | 0.43 | 0.10 | 0.50 | 0.20 | 0.48 | 1 | 0 | -0.25 | -0.01 | 12.06 | 11.00 | 5/1/2026 | No | 8 | 47 | None |