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 | 4.00 | 7.50 | 2.26 | 5.00 | 0.45 | 0.36 | 0 | 3 | -0.27 | -0.12 | 235.98 | 220.00 | 10/2/2026 | No | 13 | 73 | None | |
| GLW | Corning Inc | Options Chain | 7.40 | 10.60 | 2.07 | 5.00 | 0.41 | 0.68 | 2 | 1 | -0.30 | -0.15 | 167.44 | 150.00 | 10/2/2026 | No | 8 | 52 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.20 | 9.45 | 1.93 | 5.00 | 0.39 | 0.30 | 2 | 20 | -0.29 | -0.16 | 405.59 | 380.00 | 10/2/2026 | No | 13 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.80 | 12.85 | 1.53 | 5.00 | 0.31 | 0.39 | 0 | 1 | -0.28 | -0.24 | 429.15 | 405.00 | 10/2/2026 | No | 20 | 61 |
Dividend Stock List |
|
| CSCO | Cisco Systems Inc | Options Chain | 2.21 | 2.54 | 0.86 | 3.00 | 0.29 | 0.30 | 48 | 217 | -0.30 | -0.06 | 123.88 | 108.00 | 9/25/2026 | Yes | 11 | 62 | None | |
| EQNR | Equinor ASA | Options Chain | 0.75 | 1.00 | 0.28 | 1.00 | 0.28 | 0.35 | 12 | 26 | -0.28 | -0.02 | 40.99 | 38.00 | 9/18/2026 | No | 13 | 58 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.80 | 2.05 | 0.70 | 2.50 | 0.28 | 0.30 | 9 | 25 | -0.20 | -0.02 | 101.22 | 92.50 | 9/18/2026 | No | 13 | 73 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.50 | 7.15 | 1.31 | 5.00 | 0.26 | 0.21 | 5 | 5 | -0.28 | -0.11 | 365.18 | 350.00 | 10/2/2026 | No | 12 | 79 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.55 | 5.55 | 1.25 | 5.00 | 0.25 | 0.46 | 2 | 6 | -0.27 | -0.09 | 163.07 | 150.00 | 10/2/2026 | No | 10 | 63 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.15 | 0.70 | 0.23 | 1.00 | 0.23 | 0.34 | 0 | 10 | -0.30 | -0.01 | 21.45 | 20.00 | 9/18/2026 | No | 8 | 59 | None | |
| TPR | Tapestry Inc | Options Chain | 2.20 | 3.20 | 1.15 | 5.00 | 0.23 | 0.38 | 17 | 3 | -0.25 | -0.08 | 153.74 | 120.00 | 9/25/2026 | Yes | 7 | 56 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.26 | 14 | 0 | -0.30 | -0.01 | 25.88 | 25.00 | 9/18/2026 | No | 16 | 70 | None | |
| KEY | Keycorp | Options Chain | 0.30 | 0.35 | 0.18 | 1.00 | 0.18 | 0.24 | 72 | 4 | -0.28 | -0.01 | 22.89 | 22.00 | 9/18/2026 | No | 10 | 59 | None | |
| SJM | J.M. Smucker Company | Options Chain | 1.30 | 1.70 | 0.77 | 5.00 | 0.15 | 0.34 | 39 | 1 | -0.19 | -0.03 | 118.79 | 110.00 | 9/18/2026 | Yes | 7 | 59 | None | |
| DUK | Duke Energy Corp | Options Chain | 1.15 | 1.35 | 0.77 | 5.00 | 0.15 | 0.17 | 24 | 13 | -0.27 | -0.02 | 123.49 | 120.00 | 9/18/2026 | No | 9 | 75 | None | |
| EIX | Edison International | Options Chain | 1.10 | 1.25 | 0.75 | 5.00 | 0.15 | 0.39 | 203 | 85 | -0.21 | -0.04 | 69.40 | 65.00 | 9/18/2026 | No | 9 | 66 | None | |
| INFY | Infosys Ltd | Options Chain | 0.15 | 0.25 | 0.15 | 1.00 | 0.15 | 0.40 | 6 | 0 | -0.17 | 0.00 | 12.35 | 11.00 | 9/18/2026 | No | 13 | 42 | None |