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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC | Bank Of America Corp | Options Chain | 0.40 | 2.00 | 0.72 | 1.00 | 0.72 | 0.31 | 0 | 102 | -0.29 | -0.02 | 53.12 | 50.00 | 6/5/2026 | No | 10 | 65 | None | |
| C | Citigroup Inc | Options Chain | 2.54 | 3.45 | 0.36 | 1.00 | 0.36 | 0.35 | 0 | 30 | -0.29 | -0.06 | 129.97 | 121.00 | 6/5/2026 | No | 12 | 69 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 8.75 | 11.85 | 1.62 | 5.00 | 0.32 | 0.65 | 22 | 1 | -0.30 | -0.21 | 214.30 | 195.00 | 6/5/2026 | Yes | 15 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.10 | 14.50 | 1.60 | 5.00 | 0.32 | 0.47 | 37 | 32 | -0.30 | -0.32 | 421.43 | 395.00 | 5/29/2026 | No | 10 | 64 | None | |
| F | Ford Motor Company | Options Chain | 0.00 | 0.60 | 0.16 | 0.50 | 0.32 | 0.62 | 2 | 0 | -0.27 | -0.01 | 12.64 | 11.50 | 6/5/2026 | Yes | 8 | 48 | None | |
| UNP | Union Pacific Corp | Options Chain | 2.30 | 5.10 | 1.52 | 5.00 | 0.30 | 0.26 | 2 | 0 | -0.24 | -0.08 | 249.50 | 255.00 | 6/5/2026 | Yes | 9 | 66 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.60 | 10.55 | 1.50 | 5.00 | 0.30 | 0.37 | 204 | 216 | -0.28 | -0.22 | 432.92 | 390.00 | 6/5/2026 | Yes | 11 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.20 | 7.25 | 1.30 | 5.00 | 0.26 | 0.30 | 3 | 2 | -0.27 | -0.15 | 352.70 | 335.00 | 6/5/2026 | No | 10 | 64 | None | |
| IBM | International Business Machines Corp | Options Chain | 2.79 | 6.75 | 1.27 | 5.00 | 0.25 | 0.35 | 29 | 27 | -0.25 | -0.10 | 234.04 | 215.00 | 6/5/2026 | Yes | 14 | 74 | None | |
| AXP | American Express Company | Options Chain | 4.60 | 7.35 | 1.25 | 5.00 | 0.25 | 0.31 | 7 | 3 | -0.28 | -0.13 | 332.90 | 300.00 | 6/5/2026 | Yes | 11 | 69 | None | |
| GE | General Electric Company | Options Chain | 6.35 | 7.80 | 1.23 | 5.00 | 0.25 | 0.38 | 14 | 14 | -0.29 | -0.15 | 276.29 | 265.00 | 6/5/2026 | No | 8 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.00 | 11.50 | 1.10 | 5.00 | 0.22 | 0.44 | 38 | 45 | -0.28 | -0.25 | 387.44 | 355.00 | 6/5/2026 | No | 20 | 62 |
Dividend Stock List |
|
| RTX | RTX Corp | Options Chain | 2.46 | 4.00 | 1.09 | 5.00 | 0.22 | 0.29 | 8 | 10 | -0.27 | -0.06 | 180.91 | 170.00 | 6/5/2026 | No | 10 | 59 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 2.60 | 6.25 | 1.03 | 5.00 | 0.21 | 0.26 | 2 | 0 | -0.25 | -0.12 | 313.02 | 295.00 | 6/5/2026 | No | 11 | 79 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 0.69 | 4.65 | 0.87 | 5.00 | 0.17 | 0.31 | 7 | 2 | -0.24 | -0.05 | 149.42 | 140.00 | 6/5/2026 | Yes | 10 | 73 | None | |
| COST | Costco Wholesale Corp | Options Chain | 14.70 | 19.10 | 0.77 | 5.00 | 0.15 | 0.25 | 3 | 5 | -0.30 | -0.40 | 1,003.70 | 975.00 | 6/5/2026 | Yes | 15 | 60 | None |