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 | 11.05 | 13.55 | 1.10 | 2.50 | 0.44 | 0.85 | 0 | 8 | -0.29 | -0.20 | 179.20 | 160.00 | 7/31/2026 | Yes | 8 | 52 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.40 | 10.75 | 1.88 | 5.00 | 0.38 | 0.38 | 37 | 34 | -0.27 | -0.21 | 390.34 | 365.00 | 7/31/2026 | Yes | 12 | 65 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 21.35 | 24.80 | 1.83 | 5.00 | 0.37 | 0.75 | 1 | 1 | -0.29 | -0.39 | 395.57 | 355.00 | 7/31/2026 | No | 11 | 52 | None | |
| IBM | International Business Machines Corp | Options Chain | 7.80 | 11.25 | 1.63 | 5.00 | 0.33 | 0.50 | 1 | 2 | -0.28 | -0.20 | 274.85 | 250.00 | 7/31/2026 | Yes | 14 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.85 | 15.85 | 1.55 | 5.00 | 0.31 | 0.49 | 2 | 1 | -0.28 | -0.29 | 421.07 | 390.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 13.10 | 15.65 | 1.50 | 5.00 | 0.30 | 0.49 | 74 | 37 | -0.30 | -0.24 | 385.33 | 355.00 | 7/31/2026 | No | 10 | 62 | None | |
| QCOM | Qualcomm Inc | Options Chain | 12.45 | 14.60 | 0.68 | 2.50 | 0.27 | 0.79 | 9 | 0 | -0.30 | -0.23 | 202.96 | 190.00 | 7/31/2026 | Yes | 11 | 65 | None | |
| HON | Honeywell International Inc | Options Chain | 2.80 | 6.00 | 1.32 | 5.00 | 0.26 | 0.34 | 0 | 2 | -0.24 | -0.11 | 220.31 | 205.00 | 7/31/2026 | Yes | 7 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 3.60 | 6.80 | 1.27 | 5.00 | 0.25 | 0.43 | 8 | 2 | -0.30 | -0.10 | 165.89 | 155.00 | 7/31/2026 | No | 15 | 71 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.30 | 7.55 | 1.08 | 5.00 | 0.22 | 0.28 | 0 | 1 | -0.30 | -0.12 | 320.72 | 305.00 | 7/31/2026 | Yes | 12 | 79 | None | |
| T | AT&T Inc | Options Chain | 0.14 | 0.64 | 0.19 | 1.00 | 0.19 | 0.28 | 10 | 1 | -0.25 | -0.01 | 23.00 | 22.00 | 7/31/2026 | Yes | 8 | 61 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.46 | 5.65 | 0.94 | 5.00 | 0.19 | 0.32 | 185 | 100 | -0.30 | -0.07 | 146.60 | 140.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| MO | Altria Group Inc | Options Chain | 1.17 | 1.76 | 0.18 | 1.00 | 0.18 | 0.26 | 2 | 0 | -0.27 | -0.01 | 71.41 | 68.00 | 7/31/2026 | Yes | 8 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 4.30 | 7.15 | 0.78 | 5.00 | 0.16 | 0.55 | 40 | 19 | -0.26 | -0.13 | 184.10 | 165.00 | 7/31/2026 | No | 9 | 66 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.08 | 0.86 | 0.15 | 1.00 | 0.15 | 0.25 | 6 | 3 | -0.24 | -0.01 | 31.94 | 30.00 | 7/31/2026 | Yes | 12 | 67 | None |