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 | 0.70 | 1.60 | 0.50 | 1.00 | 0.50 | 0.44 | 1 | 0 | -0.25 | -0.02 | 47.73 | 44.00 | 9/25/2026 | No | 14 | 58 | None | |
| ORCL | Oracle Corp | Options Chain | 7.35 | 8.45 | 0.47 | 1.00 | 0.47 | 0.70 | 1 | 0 | -0.30 | -0.15 | 151.05 | 133.00 | 9/25/2026 | Yes | 9 | 67 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.10 | 0.67 | 0.18 | 0.50 | 0.36 | 0.28 | 1 | 0 | -0.26 | -0.01 | 24.93 | 23.00 | 9/25/2026 | No | 8 | 58 | None | |
| KO | Coca-Cola Company | Options Chain | 1.21 | 1.37 | 0.33 | 1.00 | 0.33 | 0.20 | 3 | 1 | -0.30 | -0.03 | 86.87 | 84.00 | 9/25/2026 | No | 9 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.00 | 13.15 | 1.63 | 5.00 | 0.33 | 0.39 | 3 | 16 | -0.30 | -0.25 | 418.47 | 400.00 | 9/25/2026 | No | 23 | 65 |
Dividend Stock List |
|
| BAC | Bank Of America Corp | Options Chain | 0.69 | 0.97 | 0.31 | 1.00 | 0.31 | 0.22 | 0 | 1 | -0.27 | -0.02 | 63.86 | 61.00 | 9/25/2026 | No | 12 | 74 | None | |
| DOW | Dow Inc | Options Chain | 0.87 | 1.14 | 0.30 | 1.00 | 0.30 | 0.40 | 2 | 7 | -0.30 | -0.01 | 30.58 | 29.00 | 9/25/2026 | No | 8 | 56 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.35 | 2.60 | 0.73 | 2.50 | 0.29 | 0.40 | 5 | 0 | -0.30 | -0.04 | 91.00 | 85.00 | 9/18/2026 | Yes | 9 | 57 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.72 | 0.89 | 0.26 | 1.00 | 0.26 | 0.35 | 48 | 3 | -0.23 | -0.01 | 42.11 | 38.00 | 9/25/2026 | No | 13 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.27 | 0.41 | 0.11 | 0.50 | 0.22 | 0.28 | 4 | 25 | -0.25 | -0.01 | 24.01 | 23.00 | 9/25/2026 | No | 15 | 69 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.66 | 0.20 | 1.00 | 0.20 | 0.24 | 3 | 0 | -0.27 | -0.02 | 47.03 | 45.00 | 9/25/2026 | No | 10 | 73 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.31 | 0.10 | 0.50 | 0.20 | 0.33 | 1 | 0 | -0.22 | -0.01 | 14.00 | 13.00 | 9/25/2026 | No | 9 | 48 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.30 | 7.50 | 0.85 | 5.00 | 0.17 | 0.37 | 0 | 1 | -0.29 | -0.13 | 236.31 | 225.00 | 9/25/2026 | No | 9 | 66 | None |