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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corp | Options Chain | 15.55 | 20.70 | 2.50 | 5.00 | 0.50 | 0.25 | 2 | 0 | -0.30 | -0.36 | 949.58 | 925.00 | 10/2/2026 | Yes | 15 | 60 | None | |
| IBM | International Business Machines Corp | Options Chain | 3.50 | 7.30 | 2.01 | 5.00 | 0.40 | 0.37 | 0 | 3 | -0.26 | -0.13 | 235.37 | 220.00 | 10/2/2026 | No | 13 | 73 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.95 | 13.95 | 1.55 | 5.00 | 0.31 | 0.38 | 0 | 1 | -0.30 | -0.23 | 430.49 | 405.00 | 10/2/2026 | No | 20 | 61 |
Dividend Stock List |
|
| CSCO | Cisco Systems Inc | Options Chain | 1.78 | 2.70 | 0.83 | 3.00 | 0.28 | 0.30 | 70 | 333 | -0.29 | -0.06 | 118.84 | 108.00 | 9/25/2026 | Yes | 11 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.90 | 10.55 | 1.38 | 5.00 | 0.28 | 0.29 | 2 | 20 | -0.30 | -0.16 | 399.06 | 380.00 | 10/2/2026 | No | 13 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.30 | 12.00 | 1.37 | 5.00 | 0.27 | 0.27 | 81 | 162 | -0.30 | -0.20 | 489.06 | 475.00 | 10/2/2026 | No | 14 | 72 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.84 | 4.25 | 1.32 | 5.00 | 0.26 | 0.21 | 11 | 3 | -0.25 | -0.06 | 275.87 | 260.00 | 10/2/2026 | No | 9 | 61 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.38 | 0.52 | 0.25 | 1.00 | 0.25 | 0.17 | 12 | 0 | -0.28 | -0.01 | 38.01 | 37.00 | 10/2/2026 | No | 12 | 68 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.32 | 0.66 | 0.25 | 1.00 | 0.25 | 0.21 | 9 | 10 | -0.30 | -0.01 | 31.73 | 31.00 | 10/2/2026 | No | 9 | 59 | None | |
| TPR | Tapestry Inc | Options Chain | 1.30 | 4.00 | 1.15 | 5.00 | 0.23 | 0.37 | 37 | 13 | -0.25 | -0.08 | 128.39 | 120.00 | 9/25/2026 | Yes | 7 | 56 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.98 | 7.00 | 1.09 | 5.00 | 0.22 | 0.47 | 2 | 6 | -0.27 | -0.09 | 164.79 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| GLW | Corning Inc | Options Chain | 5.30 | 8.10 | 1.07 | 5.00 | 0.21 | 0.65 | 4 | 2 | -0.26 | -0.14 | 167.82 | 140.00 | 10/2/2026 | No | 8 | 52 | None |