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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 9.45 | 11.80 | 0.98 | 2.50 | 0.39 | 0.77 | 20 | 3 | -0.30 | -0.22 | 223.00 | 187.50 | 8/7/2026 | Yes | 11 | 65 | None | |
| GLW | Corning Inc | Options Chain | 15.40 | 18.10 | 0.87 | 2.50 | 0.35 | 0.93 | 0 | 3 | -0.30 | -0.31 | 205.83 | 202.50 | 8/7/2026 | Yes | 8 | 52 | None | |
| CRM | Salesforce Inc | Options Chain | 3.00 | 6.00 | 1.67 | 5.00 | 0.33 | 0.46 | 5 | 2 | -0.29 | -0.13 | 152.76 | 140.00 | 8/7/2026 | No | 11 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.00 | 18.00 | 1.55 | 5.00 | 0.31 | 0.52 | 0 | 1 | -0.30 | -0.36 | 457.13 | 410.00 | 8/7/2026 | Yes | 22 | 65 |
Dividend Stock List |
|
| APA | APA Corporation | Options Chain | 0.61 | 1.09 | 0.31 | 1.00 | 0.31 | 0.48 | 2 | 0 | -0.25 | -0.02 | 33.33 | 30.00 | 8/7/2026 | Yes | 15 | 64 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.35 | 6.35 | 1.38 | 5.00 | 0.28 | 0.26 | 1 | 0 | -0.30 | -0.11 | 238.90 | 235.00 | 8/7/2026 | Yes | 9 | 66 | None | |
| HD | Home Depot Inc | Options Chain | 5.30 | 7.60 | 1.25 | 5.00 | 0.25 | 0.28 | 2 | 17 | -0.29 | -0.18 | 342.29 | 330.00 | 8/7/2026 | No | 6 | 62 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.00 | 7.50 | 1.20 | 5.00 | 0.24 | 0.25 | 1 | 0 | -0.30 | -0.13 | 335.05 | 325.00 | 8/7/2026 | Yes | 9 | 69 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 1.84 | 2.51 | 0.12 | 0.50 | 0.24 | 0.70 | 11 | 8 | -0.29 | -0.05 | 49.72 | 43.00 | 7/31/2026 | No | 8 | 51 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.73 | 2.71 | 1.03 | 5.00 | 0.21 | 0.29 | 2 | 8 | -0.26 | -0.06 | 136.90 | 130.00 | 8/7/2026 | Yes | 9 | 64 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.29 | 0.54 | 0.19 | 1.00 | 0.19 | 0.26 | 3 | 0 | -0.23 | -0.01 | 32.59 | 31.00 | 8/7/2026 | Yes | 10 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 1.08 | 1.73 | 0.16 | 1.00 | 0.16 | 0.25 | 304 | 144 | -0.29 | -0.04 | 80.60 | 78.00 | 8/7/2026 | Yes | 9 | 63 | None |