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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.88 | 1.27 | 0.39 | 1.00 | 0.39 | 0.27 | 2 | 11 | -0.30 | -0.02 | 51.20 | 50.00 | 1/30/2026 | No | 13 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.25 | 8.60 | 1.80 | 5.00 | 0.36 | 0.39 | 5 | 2 | -0.27 | -0.16 | 302.51 | 275.00 | 1/30/2026 | Yes | 20 | 69 |
Dividend Stock List |
|
| MSFT | Microsoft Corporation | Options Chain | 8.50 | 12.05 | 1.68 | 5.00 | 0.34 | 0.28 | 4 | 10 | -0.30 | -0.22 | 483.73 | 460.00 | 1/30/2026 | Yes | 14 | 69 | None | |
| NEE | NextEra Energy Inc | Options Chain | 1.20 | 1.73 | 0.33 | 1.00 | 0.33 | 0.27 | 0 | 1 | -0.27 | -0.04 | 81.21 | 78.00 | 1/30/2026 | Yes | 6 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.25 | 8.95 | 1.50 | 5.00 | 0.30 | 0.38 | 8 | 2 | -0.27 | -0.19 | 336.65 | 320.00 | 1/30/2026 | Yes | 13 | 67 | None | |
| COST | Costco Wholesale Corp | Options Chain | 9.70 | 12.75 | 1.48 | 5.00 | 0.30 | 0.22 | 6 | 12 | -0.29 | -0.29 | 884.48 | 845.00 | 1/30/2026 | Yes | 14 | 59 | None | |
| AA | Alcoa Corp | Options Chain | 1.64 | 1.95 | 0.29 | 1.00 | 0.29 | 0.52 | 0 | 1 | -0.27 | -0.04 | 47.24 | 43.00 | 1/30/2026 | Yes | 17 | 55 | None | |
| NVO | Novo Nordisk | Options Chain | 1.02 | 1.66 | 0.28 | 1.00 | 0.28 | 0.39 | 2 | 13 | -0.27 | -0.03 | 50.29 | 47.00 | 1/30/2026 | No | 11 | 57 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.38 | 0.86 | 0.26 | 1.00 | 0.26 | 0.26 | 10 | 0 | -0.26 | -0.02 | 41.20 | 39.00 | 1/30/2026 | No | 7 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 4.35 | 5.65 | 1.25 | 5.00 | 0.25 | 0.45 | 95 | 89 | -0.27 | -0.11 | 198.85 | 175.00 | 1/30/2026 | Yes | 6 | 62 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.21 | 0.50 | 0.22 | 1.00 | 0.22 | 0.16 | 5 | 0 | -0.29 | -0.01 | 32.21 | 31.00 | 1/30/2026 | No | 11 | 67 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.95 | 6.85 | 0.97 | 5.00 | 0.19 | 0.26 | 2 | 4 | -0.30 | -0.10 | 317.38 | 305.00 | 1/30/2026 | Yes | 11 | 79 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.63 | 2.10 | 0.95 | 5.00 | 0.19 | 0.23 | 7 | 22 | -0.25 | -0.04 | 140.76 | 135.00 | 1/30/2026 | Yes | 9 | 57 | None | |
| HPQ | HP Inc | Options Chain | 0.30 | 0.48 | 0.16 | 1.00 | 0.16 | 0.34 | 2 | 0 | -0.22 | -0.01 | 25.21 | 23.00 | 1/30/2026 | No | 11 | 50 | None | |
| V | Visa Inc - Class A | Options Chain | 3.95 | 6.50 | 0.77 | 5.00 | 0.15 | 0.22 | 3 | 2 | -0.28 | -0.13 | 345.63 | 335.00 | 1/30/2026 | Yes | 9 | 64 | None |