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 | 9.60 | 12.15 | 2.50 | 5.00 | 0.50 | 0.93 | 0 | 7 | -0.29 | -0.21 | 154.06 | 140.00 | 9/4/2026 | Yes | 9 | 54 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 30.45 | 33.90 | 2.08 | 5.00 | 0.42 | 0.95 | 8 | 24 | -0.30 | -0.60 | 441.80 | 395.00 | 9/4/2026 | Yes | 14 | 57 | None | |
| ORCL | Oracle Corp | Options Chain | 5.40 | 6.20 | 0.80 | 2.00 | 0.40 | 0.65 | 4 | 16 | -0.29 | -0.14 | 125.84 | 112.00 | 8/28/2026 | No | 7 | 63 | None | |
| QCOM | Qualcomm Inc | Options Chain | 7.05 | 10.90 | 1.98 | 5.00 | 0.40 | 0.67 | 0 | 10 | -0.30 | -0.16 | 175.63 | 155.00 | 9/4/2026 | Yes | 11 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 4.35 | 7.25 | 1.60 | 5.00 | 0.32 | 0.54 | 63 | 4 | -0.29 | -0.13 | 170.06 | 145.00 | 9/4/2026 | Yes | 15 | 61 | None | |
| KO | Coca-Cola Company | Options Chain | 0.90 | 1.50 | 0.32 | 1.00 | 0.32 | 0.24 | 4 | 0 | -0.26 | -0.04 | 81.97 | 78.00 | 9/4/2026 | Yes | 11 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 12.80 | 16.75 | 1.48 | 5.00 | 0.30 | 0.51 | 1 | 9 | -0.28 | -0.33 | 421.21 | 385.00 | 9/4/2026 | No | 20 | 61 |
Dividend Stock List |
|
| JNJ | Johnson & Johnson | Options Chain | 1.90 | 5.80 | 1.41 | 5.00 | 0.28 | 0.26 | 0 | 4 | -0.26 | -0.10 | 250.61 | 245.00 | 9/4/2026 | No | 11 | 72 | None | |
| IBM | International Business Machines Corp | Options Chain | 4.00 | 7.20 | 1.22 | 5.00 | 0.24 | 0.44 | 23 | 2 | -0.27 | -0.11 | 210.50 | 190.00 | 9/4/2026 | Yes | 10 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.25 | 1.50 | 0.22 | 1.00 | 0.22 | 0.39 | 0 | 18 | -0.25 | -0.03 | 42.05 | 38.00 | 9/4/2026 | No | 14 | 58 | None |