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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHEL | Shell Plc ADR (Representing - ) | Options Chain | 0.65 | 1.75 | 0.68 | 1.00 | 0.68 | 0.22 | 0 | 10 | -0.25 | -0.02 | 60.64 | 58.00 | 1/31 | Yes | 15 | 74 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.71 | 1.72 | 0.63 | 1.00 | 0.63 | 0.29 | 56 | 58 | -0.26 | -0.02 | 44.17 | 42.00 | 1/31 | Yes | 10 | 71 | None | |
| KO | Coca-Cola Company | Options Chain | 0.00 | 2.02 | 0.56 | 1.00 | 0.56 | 0.20 | 2 | 23 | -0.27 | -0.02 | 62.45 | 61.00 | 1/31 | No | 9 | 68 | None | |
| C | Citigroup Inc | Options Chain | 0.51 | 1.85 | 0.43 | 1.00 | 0.43 | 0.29 | 3 | 1 | -0.27 | -0.03 | 69.19 | 66.00 | 1/31 | Yes | 13 | 84 | None | |
| INTC | Intel Corp | Options Chain | 0.87 | 0.94 | 0.20 | 0.50 | 0.40 | 0.64 | 60 | 552 | -0.30 | -0.02 | 19.06 | 18.00 | 1/31 | Yes | 7 | 51 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.62 | 0.80 | 0.36 | 1.00 | 0.36 | 0.37 | 1 | 0 | -0.29 | -0.02 | 30.52 | 29.00 | 1/31 | Yes | 10 | 74 | None | |
| PG | Procter & Gamble Company | Options Chain | 0.59 | 5.00 | 1.59 | 5.00 | 0.32 | 0.21 | 2 | 0 | -0.22 | -0.04 | 168.06 | 160.00 | 1/31 | Yes | 12 | 70 | None | |
| GM | General Motors Company | Options Chain | 1.25 | 1.41 | 0.30 | 1.00 | 0.30 | 0.38 | 10 | 5 | -0.29 | -0.03 | 50.34 | 49.00 | 1/31 | Yes | 17 | 76 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.55 | 6.10 | 1.48 | 5.00 | 0.30 | 0.44 | 5 | 4 | -0.29 | -0.14 | 197.21 | 185.00 | 1/31 | Yes | 21 | 74 |
Dividend Stock List |
|
| CVS | CVS Health Corp | Options Chain | 1.05 | 1.65 | 0.28 | 1.00 | 0.28 | 0.48 | 2 | 37 | -0.29 | -0.03 | 43.78 | 41.00 | 1/31 | No | 17 | 74 | None | |
| GOLD | Barrick Gold Corp | Options Chain | 0.26 | 0.31 | 0.14 | 0.50 | 0.28 | 0.33 | 16 | 0 | -0.27 | -0.01 | 15.23 | 14.50 | 1/31 | No | 18 | 61 | None | |
| FDX | Fedex Corp | Options Chain | 2.34 | 4.10 | 1.39 | 5.00 | 0.28 | 0.21 | 13 | 20 | -0.27 | -0.12 | 275.88 | 265.00 | 1/31 | No | 14 | 73 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.80 | 0.93 | 0.26 | 1.00 | 0.26 | 0.30 | 64 | 50 | -0.27 | -0.02 | 47.13 | 45.00 | 1/31 | No | 9 | 68 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 0.96 | 2.00 | 0.26 | 1.00 | 0.26 | 0.31 | 0 | 10 | -0.30 | -0.04 | 74.31 | 71.00 | 1/31 | Yes | 9 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.65 | 9.20 | 1.20 | 5.00 | 0.24 | 0.27 | 69 | 73 | -0.29 | -0.20 | 437.03 | 420.00 | 1/31 | Yes | 15 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.80 | 6.05 | 1.10 | 5.00 | 0.22 | 0.37 | 2 | 11 | -0.29 | -0.09 | 152.89 | 145.00 | 1/31 | Yes | 16 | 71 | None | |
| NEM | Newmont Corp | Options Chain | 0.80 | 1.12 | 0.22 | 1.00 | 0.22 | 0.34 | 7 | 0 | -0.30 | -0.03 | 37.02 | 37.00 | 1/31 | No | 7 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 2.05 | 2.60 | 1.02 | 5.00 | 0.20 | 0.28 | 9 | 71 | -0.25 | -0.08 | 169.66 | 160.00 | 1/31 | No | 11 | 63 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.80 | 3.60 | 1.01 | 5.00 | 0.20 | 0.27 | 89 | 17 | -0.24 | -0.08 | 232.96 | 225.00 | 1/31 | Yes | 15 | 79 | None | |
| AMAT | Applied Materials Inc | Options Chain | 3.40 | 4.75 | 0.98 | 5.00 | 0.20 | 0.37 | 16 | 18 | -0.30 | -0.11 | 163.59 | 155.00 | 1/31 | No | 18 | 69 |
Dividend Stock List |
|
| HAL | Halliburton Company | Options Chain | 0.41 | 0.48 | 0.19 | 1.00 | 0.19 | 0.36 | 1 | 0 | -0.25 | -0.02 | 25.77 | 24.00 | 1/31 | Yes | 17 | 66 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 1.27 | 2.93 | 0.93 | 5.00 | 0.19 | 0.31 | 0 | 1 | -0.25 | -0.07 | 131.65 | 125.00 | 1/31 | Yes | 12 | 73 | None | |
| V | Visa Inc - Class A | Options Chain | 2.00 | 5.90 | 0.92 | 5.00 | 0.18 | 0.23 | 7 | 7 | -0.25 | -0.11 | 317.71 | 305.00 | 1/31 | Yes | 11 | 70 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.59 | 2.01 | 0.91 | 5.00 | 0.18 | 0.20 | 85 | 1 | -0.29 | -0.06 | 143.58 | 140.00 | 1/31 | Yes | 13 | 71 | None | |
| F | Ford Motor Company | Options Chain | 0.10 | 0.23 | 0.09 | 0.50 | 0.18 | 0.31 | 87 | 230 | -0.30 | -0.01 | 9.74 | 9.50 | 1/31 | No | 15 | 68 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.50 | 0.60 | 0.17 | 1.00 | 0.17 | 0.19 | 8 | 2 | -0.25 | -0.01 | 57.63 | 56.00 | 1/31 | No | 10 | 67 | None | |
| TGT | Target Corp | Options Chain | 1.31 | 2.07 | 0.75 | 5.00 | 0.15 | 0.27 | 15 | 96 | -0.24 | -0.06 | 131.48 | 125.00 | 1/31 | No | 17 | 65 | None |