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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 9.20 | 14.85 | 1.95 | 5.00 | 0.39 | 0.41 | 4 | 2 | -0.30 | -0.25 | 400.96 | 380.00 | 7/31/2026 | No | 11 | 64 | None | |
| QCOM | Qualcomm Inc | Options Chain | 11.85 | 15.65 | 0.82 | 2.50 | 0.33 | 0.82 | 0 | 9 | -0.29 | -0.26 | 226.11 | 202.50 | 7/31/2026 | Yes | 14 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 15.25 | 18.45 | 1.60 | 5.00 | 0.32 | 0.51 | 61 | 29 | -0.30 | -0.37 | 432.15 | 430.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 9.40 | 10.70 | 1.55 | 5.00 | 0.31 | 0.38 | 221 | 124 | -0.30 | -0.24 | 379.40 | 360.00 | 7/31/2026 | Yes | 15 | 72 | None | |
| VST | Vistra Corp | Options Chain | 4.70 | 6.55 | 1.53 | 5.00 | 0.31 | 0.53 | 3 | 1 | -0.28 | -0.12 | 163.75 | 150.00 | 7/31/2026 | No | 8 | 56 | None | |
| ORCL | Oracle Corp | Options Chain | 6.00 | 7.10 | 0.65 | 2.50 | 0.26 | 0.52 | 30 | 25 | -0.29 | -0.14 | 184.29 | 170.00 | 7/31/2026 | No | 7 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 0.84 | 1.08 | 0.25 | 1.00 | 0.25 | 0.22 | 2 | 21 | -0.25 | -0.03 | 79.39 | 76.00 | 7/31/2026 | Yes | 11 | 70 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.10 | 6.30 | 1.12 | 5.00 | 0.22 | 0.27 | 26 | 21 | -0.28 | -0.12 | 325.22 | 310.00 | 7/31/2026 | Yes | 11 | 77 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.62 | 4.50 | 1.12 | 5.00 | 0.22 | 0.24 | 4 | 20 | -0.29 | -0.10 | 228.39 | 220.00 | 7/31/2026 | Yes | 9 | 66 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.56 | 2.50 | 1.03 | 5.00 | 0.21 | 0.28 | 180 | 20 | -0.25 | -0.06 | 137.81 | 130.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.69 | 1.00 | 0.20 | 1.00 | 0.20 | 0.37 | 3 | 25 | -0.25 | -0.02 | 43.19 | 40.00 | 7/31/2026 | No | 13 | 54 | None | |
| SLB | SLB | Options Chain | 0.82 | 1.36 | 0.20 | 1.00 | 0.20 | 0.37 | 27 | 0 | -0.27 | -0.03 | 48.09 | 45.00 | 7/31/2026 | Yes | 9 | 56 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.20 | 4.10 | 0.84 | 5.00 | 0.17 | 0.21 | 29 | 26 | -0.28 | -0.12 | 278.61 | 270.00 | 7/31/2026 | No | 9 | 62 | None | |
| T | AT&T Inc | Options Chain | 0.17 | 0.42 | 0.16 | 1.00 | 0.16 | 0.34 | 8 | 3 | -0.19 | -0.01 | 22.01 | 20.00 | 7/31/2026 | Yes | 9 | 61 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.35 | 0.62 | 0.16 | 1.00 | 0.16 | 0.26 | 2 | 0 | -0.27 | -0.01 | 31.59 | 30.00 | 7/31/2026 | Yes | 8 | 60 | None |