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 | 1.18 | 1.92 | 0.98 | 1.00 | 0.98 | 0.48 | 10 | 9 | -0.26 | -0.03 | 40.52 | 37.00 | 5/29/2026 | Yes | 12 | 54 | None | |
| GE | General Electric Company | Options Chain | 8.00 | 9.75 | 2.30 | 5.00 | 0.46 | 0.36 | 28 | 1 | -0.30 | -0.19 | 304.13 | 280.00 | 5/29/2026 | Yes | 8 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 1.19 | 1.61 | 0.31 | 1.00 | 0.31 | 0.42 | 0 | 3 | -0.30 | -0.04 | 58.29 | 52.00 | 5/29/2026 | Yes | 7 | 51 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.49 | 0.62 | 0.28 | 1.00 | 0.28 | 0.27 | 6 | 0 | -0.22 | -0.01 | 32.02 | 30.00 | 5/29/2026 | Yes | 9 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 5.10 | 5.80 | 0.67 | 2.50 | 0.27 | 0.55 | 23 | 4 | -0.29 | -0.15 | 175.06 | 165.00 | 5/29/2026 | No | 7 | 61 | None | |
| F | Ford Motor Company | Options Chain | 0.24 | 0.35 | 0.12 | 0.50 | 0.24 | 0.38 | 8 | 5 | -0.25 | 0.00 | 12.87 | 12.00 | 5/29/2026 | Yes | 7 | 48 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 5.00 | 1.08 | 5.00 | 0.22 | 0.25 | 1 | 8 | -0.26 | -0.15 | 310.29 | 305.00 | 5/29/2026 | No | 13 | 79 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.47 | 0.66 | 0.18 | 1.00 | 0.18 | 0.39 | 2 | 0 | -0.25 | -0.02 | 29.63 | 28.00 | 5/29/2026 | Yes | 14 | 68 | None |