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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | Corning Inc | Options Chain | 5.90 | 8.15 | 2.25 | 5.00 | 0.45 | 0.73 | 1 | 0 | -0.28 | -0.12 | 129.77 | 115.00 | 5/1/2026 | Yes | 8 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.65 | 10.95 | 2.20 | 5.00 | 0.44 | 0.47 | 2 | 0 | -0.27 | -0.18 | 277.05 | 260.00 | 5/1/2026 | Yes | 8 | 58 | None | |
| DVN | Devon Energy Corp | Options Chain | 1.21 | 1.89 | 0.41 | 1.00 | 0.41 | 0.45 | 0 | 20 | -0.30 | -0.03 | 46.19 | 43.00 | 5/1/2026 | No | 7 | 55 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.55 | 1.15 | 0.35 | 1.00 | 0.35 | 0.39 | 1 | 0 | -0.26 | -0.02 | 31.98 | 30.00 | 5/1/2026 | Yes | 15 | 70 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 1.19 | 1.73 | 0.35 | 1.00 | 0.35 | 0.37 | 576 | 134 | -0.28 | -0.02 | 59.26 | 55.00 | 5/1/2026 | Yes | 15 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.30 | 13.80 | 1.72 | 5.00 | 0.34 | 0.54 | 5 | 498 | -0.28 | -0.23 | 336.25 | 295.00 | 5/1/2026 | No | 11 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.40 | 12.20 | 1.72 | 5.00 | 0.34 | 0.37 | 44 | 4 | -0.30 | -0.23 | 401.86 | 375.00 | 5/1/2026 | Yes | 15 | 72 | None | |
| NEM | Newmont Corp | Options Chain | 3.95 | 4.65 | 1.36 | 5.00 | 0.27 | 0.56 | 3 | 0 | -0.28 | -0.09 | 114.48 | 100.00 | 5/1/2026 | Yes | 12 | 65 | None | |
| JNJ | Johnson & Johnson | Options Chain | 3.40 | 5.90 | 1.34 | 5.00 | 0.27 | 0.28 | 19 | 0 | -0.28 | -0.10 | 242.04 | 230.00 | 5/1/2026 | Yes | 10 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.35 | 6.90 | 1.33 | 5.00 | 0.27 | 0.57 | 15 | 11 | -0.28 | -0.12 | 159.16 | 140.00 | 5/1/2026 | No | 9 | 67 | None | |
| COF | Capital One Financial Corp | Options Chain | 3.90 | 8.00 | 1.30 | 5.00 | 0.26 | 0.48 | 0 | 10 | -0.27 | -0.12 | 177.45 | 165.00 | 5/1/2026 | Yes | 13 | 71 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.36 | 0.79 | 0.25 | 1.00 | 0.25 | 0.25 | 1 | 0 | -0.26 | -0.01 | 36.65 | 35.00 | 5/1/2026 | Yes | 8 | 58 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.73 | 4.45 | 0.84 | 5.00 | 0.17 | 0.43 | 10 | 56 | -0.27 | -0.08 | 131.15 | 120.00 | 5/1/2026 | Yes | 11 | 72 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.92 | 2.70 | 0.15 | 1.00 | 0.15 | 0.58 | 0 | 6 | -0.28 | -0.04 | 59.21 | 51.00 | 5/1/2026 | Yes | 11 | 59 | None |