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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | Altria Group Inc | Options Chain | 0.75 | 0.98 | 0.30 | 1.00 | 0.30 | 0.20 | 1 | 1 | -0.30 | -0.01 | 58.32 | 56.00 | 1/30/2026 | Yes | 9 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.15 | 8.60 | 1.30 | 5.00 | 0.26 | 0.27 | 11 | 2 | -0.28 | -0.22 | 485.63 | 465.00 | 1/30/2026 | No | 14 | 69 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.67 | 1.00 | 0.24 | 1.00 | 0.24 | 0.27 | 1 | 9 | -0.26 | -0.03 | 58.85 | 56.00 | 1/30/2026 | No | 9 | 56 | None | |
| KO | Coca-Cola Company | Options Chain | 0.51 | 0.65 | 0.16 | 1.00 | 0.16 | 0.15 | 22 | 0 | -0.24 | -0.02 | 70.30 | 68.00 | 1/30/2026 | No | 9 | 70 | None |