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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NKE | Nike Inc - Class B | Options Chain | 1.01 | 1.93 | 0.63 | 1.00 | 0.63 | 0.51 | 11 | 0 | -0.29 | -0.03 | 36.62 | 34.00 | 10/30/2026 | Yes | 11 | 51 | None | |
| ORCL | Oracle Corp | Options Chain | 7.00 | 8.60 | 0.60 | 1.00 | 0.60 | 0.69 | 100 | 88 | -0.30 | -0.15 | 161.63 | 140.00 | 10/23/2026 | Yes | 9 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.70 | 13.30 | 1.87 | 5.00 | 0.37 | 0.37 | 0 | 20 | -0.30 | -0.22 | 427.30 | 405.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 9.30 | 12.00 | 1.30 | 5.00 | 0.26 | 0.32 | 2 | 5 | -0.28 | -0.25 | 490.19 | 465.00 | 10/30/2026 | No | 14 | 72 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.55 | 7.05 | 1.27 | 5.00 | 0.25 | 0.45 | 5 | 4 | -0.29 | -0.14 | 175.90 | 165.00 | 10/30/2026 | No | 12 | 71 | None |