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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | Options Chain | 9.00 | 10.00 | 1.92 | 5.00 | 0.38 | 0.42 | 89 | 72 | -0.27 | -0.24 | 365.46 | 330.00 | 8/7/2026 | Yes | 12 | 65 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.85 | 10.85 | 1.82 | 5.00 | 0.36 | 0.49 | 2 | 0 | -0.29 | -0.20 | 262.96 | 240.00 | 8/7/2026 | Yes | 13 | 72 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.40 | 26.10 | 1.82 | 5.00 | 0.36 | 0.77 | 0 | 2 | -0.30 | -0.45 | 443.80 | 370.00 | 8/7/2026 | No | 11 | 52 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.82 | 1.43 | 0.36 | 1.00 | 0.36 | 0.28 | 0 | 1 | -0.26 | -0.02 | 57.82 | 56.00 | 8/7/2026 | Yes | 11 | 64 | None | |
| CRM | Salesforce Inc | Options Chain | 3.00 | 6.15 | 1.70 | 5.00 | 0.34 | 0.46 | 5 | 3 | -0.27 | -0.11 | 152.06 | 140.00 | 8/7/2026 | No | 11 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.15 | 17.90 | 1.65 | 5.00 | 0.33 | 0.51 | 1 | 3 | -0.30 | -0.34 | 434.99 | 405.00 | 8/7/2026 | Yes | 22 | 65 |
Dividend Stock List |
|
| MCD | McDonald`s Corp | Options Chain | 2.27 | 5.35 | 1.43 | 5.00 | 0.29 | 0.23 | 10 | 18 | -0.27 | -0.11 | 271.82 | 255.00 | 8/7/2026 | Yes | 9 | 62 | None | |
| HD | Home Depot Inc | Options Chain | 5.05 | 7.45 | 1.42 | 5.00 | 0.28 | 0.28 | 2 | 17 | -0.29 | -0.17 | 342.86 | 330.00 | 8/7/2026 | No | 8 | 69 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.18 | 6.00 | 1.20 | 5.00 | 0.24 | 0.25 | 1 | 0 | -0.26 | -0.09 | 241.00 | 235.00 | 8/7/2026 | Yes | 9 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.95 | 10.70 | 1.13 | 5.00 | 0.23 | 0.37 | 2 | 2 | -0.28 | -0.24 | 415.53 | 390.00 | 8/7/2026 | Yes | 11 | 64 | None | |
| KMI | Kinder Morgan Inc - Class P | Options Chain | 0.30 | 0.57 | 0.21 | 1.00 | 0.21 | 0.27 | 3 | 5 | -0.21 | -0.01 | 32.59 | 31.00 | 8/7/2026 | Yes | 8 | 59 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.69 | 2.53 | 0.84 | 5.00 | 0.17 | 0.28 | 3 | 13 | -0.25 | -0.06 | 136.37 | 130.00 | 8/7/2026 | Yes | 9 | 64 | None |