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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.12 | 1.49 | 0.44 | 1.00 | 0.44 | 0.41 | 17 | 12 | -0.27 | -0.03 | 47.98 | 44.00 | 1/23/2026 | No | 14 | 65 | None | |
| ORCL | Oracle Corp | Options Chain | 8.35 | 9.25 | 1.65 | 5.00 | 0.33 | 0.58 | 2 | 3 | -0.27 | -0.17 | 218.70 | 200.00 | 1/23/2026 | Yes | 8 | 62 | None | |
| MO | Altria Group Inc | Options Chain | 0.60 | 0.90 | 0.32 | 1.00 | 0.32 | 0.22 | 25 | 0 | -0.21 | -0.01 | 57.99 | 55.00 | 1/23/2026 | No | 12 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.70 | 9.60 | 1.52 | 5.00 | 0.30 | 0.38 | 32 | 7 | -0.30 | -0.21 | 330.45 | 310.00 | 1/23/2026 | Yes | 12 | 67 | None | |
| INFY | Infosys Ltd | Options Chain | 0.30 | 0.60 | 0.30 | 1.00 | 0.30 | 0.33 | 20 | 0 | -0.29 | -0.01 | 18.07 | 17.00 | 1/16/2026 | Yes | 16 | 54 | None | |
| SLB | SLB | Options Chain | 0.78 | 1.01 | 0.29 | 1.00 | 0.29 | 0.34 | 0 | 1 | -0.27 | -0.02 | 38.50 | 36.00 | 1/23/2026 | Yes | 12 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.30 | 8.20 | 1.37 | 5.00 | 0.27 | 0.40 | 1 | 1 | -0.28 | -0.18 | 294.65 | 280.00 | 1/23/2026 | Yes | 22 | 74 |
Dividend Stock List |
|
| TGT | Target Corp | Options Chain | 1.45 | 2.36 | 0.27 | 1.00 | 0.27 | 0.31 | 0 | 2 | -0.29 | -0.05 | 92.25 | 87.00 | 1/23/2026 | No | 12 | 66 | None | |
| TOL | Toll Brothers Inc | Options Chain | 2.40 | 3.00 | 1.12 | 5.00 | 0.22 | 0.38 | 13 | 2 | -0.22 | -0.08 | 139.00 | 125.00 | 1/16/2026 | Yes | 12 | 69 | None | |
| PPL | PPL Corp | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.17 | 4 | 0 | -0.30 | -0.01 | 34.20 | 33.00 | 1/16/2026 | No | 9 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 5.85 | 8.95 | 0.90 | 5.00 | 0.18 | 0.23 | 0 | 2 | -0.29 | -0.19 | 483.16 | 470.00 | 1/23/2026 | No | 14 | 69 | None | |
| SYY | Sysco Corp | Options Chain | 0.75 | 0.90 | 0.38 | 2.50 | 0.15 | 0.21 | 1 | 0 | -0.28 | -0.02 | 73.77 | 70.00 | 1/16/2026 | No | 11 | 62 | None |