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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corp | Options Chain | 3.45 | 7.20 | 1.50 | 5.00 | 0.30 | 0.33 | 15 | 14 | -0.28 | -0.10 | 251.86 | 215.00 | 6/5/2026 | Yes | 14 | 75 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.58 | 4.80 | 1.39 | 5.00 | 0.28 | 0.33 | 2 | 2 | -0.26 | -0.05 | 148.21 | 140.00 | 6/5/2026 | Yes | 10 | 73 | None | |
| GE | General Electric Company | Options Chain | 5.20 | 8.35 | 1.30 | 5.00 | 0.26 | 0.37 | 11 | 3 | -0.29 | -0.14 | 276.29 | 265.00 | 6/5/2026 | No | 8 | 60 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.67 | 6.75 | 1.07 | 5.00 | 0.21 | 0.25 | 0 | 2 | -0.27 | -0.12 | 313.02 | 300.00 | 6/5/2026 | No | 11 | 79 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.70 | 11.60 | 0.97 | 5.00 | 0.19 | 0.44 | 1 | 3 | -0.29 | -0.26 | 387.44 | 360.00 | 6/5/2026 | No | 20 | 62 |
Dividend Stock List |