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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.20 | 9.50 | 2.00 | 5.00 | 0.40 | 0.35 | 11 | 25 | -0.30 | -0.20 | 326.12 | 315.00 | 3/6/2026 | No | 20 | 62 |
Dividend Stock List |
|
| LLY | Lilly(Eli) & Company | Options Chain | 24.85 | 28.75 | 1.85 | 5.00 | 0.37 | 0.38 | 20 | 0 | -0.30 | -0.61 | 1,078.52 | 1,030.00 | 3/6/2026 | Yes | 10 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.60 | 11.95 | 1.70 | 5.00 | 0.34 | 0.37 | 3 | 6 | -0.30 | -0.20 | 347.75 | 335.00 | 3/6/2026 | Yes | 13 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.75 | 12.40 | 1.55 | 5.00 | 0.31 | 0.54 | 63 | 45 | -0.28 | -0.26 | 331.06 | 300.00 | 3/6/2026 | Yes | 12 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.40 | 9.55 | 1.45 | 5.00 | 0.29 | 0.30 | 29 | 5 | -0.30 | -0.21 | 444.11 | 430.00 | 3/6/2026 | Yes | 14 | 69 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.00 | 1.50 | 0.29 | 1.00 | 0.29 | 0.37 | 100 | 2 | -0.24 | -0.02 | 52.07 | 50.00 | 3/6/2026 | No | 12 | 74 | None | |
| AMAT | Applied Materials Inc | Options Chain | 9.05 | 12.75 | 1.40 | 5.00 | 0.28 | 0.51 | 10 | 1 | -0.29 | -0.25 | 325.24 | 295.00 | 3/6/2026 | Yes | 14 | 65 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.14 | 2.24 | 0.27 | 1.00 | 0.27 | 0.17 | 27 | 0 | -0.29 | -0.03 | 146.06 | 145.00 | 3/6/2026 | Yes | 11 | 71 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.25 | 0.45 | 0.22 | 1.00 | 0.22 | 0.15 | 6 | 0 | -0.21 | 0.00 | 32.97 | 32.00 | 3/6/2026 | Yes | 11 | 67 | None | |
| COF | Capital One Financial Corp | Options Chain | 2.60 | 6.30 | 1.02 | 5.00 | 0.20 | 0.34 | 5 | 0 | -0.25 | -0.12 | 231.20 | 220.00 | 3/6/2026 | Yes | 9 | 68 | None | |
| F | Ford Motor Company | Options Chain | 0.21 | 0.27 | 0.10 | 0.50 | 0.20 | 0.35 | 4 | 10 | -0.21 | -0.01 | 13.77 | 12.50 | 3/6/2026 | Yes | 12 | 49 | None | |
| ABT | Abbott Laboratories | Options Chain | 1.32 | 1.50 | 0.86 | 5.00 | 0.17 | 0.23 | 31 | 45 | -0.26 | -0.05 | 120.73 | 105.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.25 | 5.50 | 0.85 | 5.00 | 0.17 | 0.26 | 7 | 6 | -0.25 | -0.13 | 302.04 | 290.00 | 3/6/2026 | No | 9 | 79 | None |