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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AA | Alcoa Corp | Options Chain | 0.81 | 1.30 | 0.37 | 1.00 | 0.37 | 0.41 | 12 | 13 | -0.28 | -0.02 | 40.42 | 40.00 | 11/27/2026 | Yes | 17 | 46 | None | |
| C | Citigroup Inc | Options Chain | 2.00 | 2.85 | 0.37 | 1.00 | 0.37 | 0.28 | 0 | 21 | -0.30 | -0.04 | 123.21 | 121.00 | 11/27/2026 | No | 17 | 78 | None | |
| ORCL | Oracle Corp | Options Chain | 4.95 | 5.20 | 0.35 | 1.00 | 0.35 | 0.55 | 54 | 0 | -0.29 | -0.11 | 134.47 | 120.00 | 11/27/2026 | No | 7 | 62 | None | |
| MCD | McDonald`s Corp | Options Chain | 3.70 | 4.15 | 1.45 | 5.00 | 0.29 | 0.24 | 9 | 6 | -0.29 | -0.10 | 242.50 | 235.00 | 11/27/2026 | Yes | 9 | 52 | None | |
| F | Ford Motor Company | Options Chain | 0.32 | 0.40 | 0.14 | 0.50 | 0.28 | 0.36 | 8 | 13 | -0.30 | -0.01 | 12.31 | 12.00 | 11/27/2026 | Yes | 9 | 51 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.70 | 8.15 | 1.40 | 5.00 | 0.28 | 0.31 | 8 | 52 | -0.27 | -0.22 | 422.25 | 395.00 | 11/27/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 6.85 | 7.70 | 1.38 | 5.00 | 0.28 | 0.29 | 7 | 40 | -0.27 | -0.16 | 406.67 | 380.00 | 11/27/2026 | No | 13 | 65 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.76 | 0.85 | 0.27 | 1.00 | 0.27 | 0.37 | 43 | 73 | -0.26 | -0.02 | 37.18 | 35.00 | 11/27/2026 | No | 14 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.51 | 0.64 | 0.27 | 1.00 | 0.27 | 0.38 | 1 | 1 | -0.30 | -0.01 | 21.77 | 21.00 | 11/27/2026 | Yes | 11 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.60 | 5.25 | 1.33 | 5.00 | 0.27 | 0.20 | 4 | 21 | -0.27 | -0.14 | 335.53 | 330.00 | 11/27/2026 | No | 10 | 80 | None | |
| CRM | Salesforce Inc | Options Chain | 5.15 | 7.20 | 1.28 | 5.00 | 0.26 | 0.39 | 6 | 13 | -0.27 | -0.16 | 246.74 | 225.00 | 11/27/2026 | No | 15 | 70 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.46 | 0.60 | 0.21 | 1.00 | 0.21 | 0.25 | 1 | 0 | -0.26 | -0.01 | 32.82 | 32.00 | 11/27/2026 | Yes | 9 | 59 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.06 | 1.33 | 0.17 | 1.00 | 0.17 | 0.24 | 2 | 0 | -0.27 | -0.02 | 82.75 | 80.00 | 11/27/2026 | No | 15 | 74 | None |