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.

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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 Lists
BMY Bristol-Myers Squibb Company Options Chain 1.08 1.50 0.37 1.00 0.37 0.36 3 1 -0.30 -0.02 49.99 47.00 11/01 Yes 9 None
IBM International Business Machines Corp Options Chain 3.10 4.80 1.77 5.00 0.35 0.31 3 6 -0.25 -0.10 214.67 205.00 11/01 Yes 12 None
MU Micron Technology Inc Options Chain 3.75 3.90 0.35 1.00 0.35 0.59 34 1 -0.29 -0.08 87.18 80.00 11/01 Yes 7 None
GM General Motors Company Options Chain 1.11 1.45 0.31 1.00 0.31 0.39 5 0 -0.29 -0.03 46.30 44.00 11/01 Yes 17 None
QCOM Qualcomm Inc Options Chain 3.90 4.85 1.46 5.00 0.29 0.41 1 2 -0.27 -0.10 166.61 155.00 11/01 Yes 11 None
MSFT Microsoft Corporation Options Chain 7.10 9.55 1.45 5.00 0.29 0.27 3 14 -0.30 -0.20 431.34 415.00 11/01 Yes 14 None
OXY Occidental Petroleum Corp Options Chain 0.88 1.15 0.29 1.00 0.29 0.29 0 2 -0.27 -0.03 51.29 49.00 11/01 No 12 None
CVS CVS Health Corp Options Chain 1.33 1.45 0.29 1.00 0.29 0.34 11 2 -0.30 -0.02 57.98 55.00 11/01 No 17 None
FDX Fedex Corp Options Chain 6.30 7.40 1.43 5.00 0.29 0.36 1 3 -0.28 -0.17 286.38 275.00 11/01 Yes 13 None
TGT Target Corp Options Chain 2.56 2.74 0.27 1.00 0.27 0.25 0 20 -0.29 -0.07 152.84 147.00 11/01 No 17 None
CSCO Cisco Systems Inc Options Chain 0.52 0.65 0.26 1.00 0.26 0.19 2 1 -0.26 -0.01 49.80 49.00 11/01 No 10 None
PFE Pfizer Inc Options Chain 0.41 0.62 0.24 1.00 0.24 0.25 45 12 -0.28 -0.01 30.07 29.00 11/01 Yes 5 None
TSM Taiwan Semiconductor Manufacturing Options Chain 4.25 4.45 1.18 5.00 0.24 0.45 28 14 -0.25 -0.11 169.08 155.00 11/01 Yes 21
Dividend Stock List
GE General Electric Company Options Chain 3.85 4.20 1.18 5.00 0.24 0.36 7 5 -0.26 -0.09 178.28 170.00 11/01 Yes 10 None
ORCL Oracle Corp Options Chain 2.56 3.20 0.58 2.50 0.23 0.27 17 58 -0.26 -0.07 170.33 162.50 11/01 No 11 None
V Visa Inc - Class A Options Chain 3.75 4.05 1.15 5.00 0.23 0.22 0 1 -0.27 -0.11 290.48 280.00 11/01 Yes 11 None
KR Kroger Company Options Chain 0.71 0.80 0.22 1.00 0.22 0.23 0 4 -0.26 -0.02 55.91 54.00 11/01 No 10 None
SLB SLB Options Chain 0.77 0.93 0.22 1.00 0.22 0.34 0 4 -0.27 -0.02 40.40 38.00 11/01 Yes 14 None
KO Coca-Cola Company Options Chain 0.67 0.78 0.21 1.00 0.21 0.17 5 53 -0.27 -0.03 71.55 70.00 11/01 Yes 8 None
BAC Bank Of America Corp Options Chain 0.63 0.72 0.20 1.00 0.20 0.30 2 0 -0.25 -0.02 39.10 37.00 11/01 Yes 13 None
HPE Hewlett Packard Enterprise Company Options Chain 0.25 0.35 0.10 0.50 0.20 0.32 0 5 -0.25 -0.01 17.15 16.00 11/01 No 15 None
MCD McDonald`s Corp Options Chain 3.35 3.70 0.96 5.00 0.19 0.21 6 13 -0.25 -0.11 296.69 285.00 11/01 Yes 11 None
MO Altria Group Inc Options Chain 0.61 0.68 0.19 1.00 0.19 0.20 67 4 -0.29 -0.02 51.70 50.00 11/01 Yes 14 None
JPM JPMorgan Chase & Company Options Chain 2.69 3.45 0.90 5.00 0.18 0.28 16 3 -0.24 -0.06 204.29 195.00 11/01 Yes 17 None
CSX CSX Corp Options Chain 0.40 0.55 0.18 1.00 0.18 0.26 0 8 -0.24 -0.01 33.52 32.00 11/01 Yes 10 None
CVX Chevron Corp Options Chain 1.72 1.94 0.86 5.00 0.17 0.25 4 1 -0.24 -0.06 140.61 135.00 11/01 Yes 10 None
WFC Wells Fargo & Company Options Chain 1.00 1.26 0.17 1.00 0.17 0.32 0 4 -0.26 -0.03 53.79 51.00 11/01 Yes 19 None
NKE Nike Inc - Class B Options Chain 1.95 2.18 0.16 1.00 0.16 0.38 2 0 -0.28 -0.05 79.80 75.00 11/01 Yes 18 None