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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corp | Options Chain | 15.00 | 19.95 | 3.58 | 5.00 | 0.72 | 0.25 | 1 | 0 | -0.30 | -0.36 | 874.41 | 855.00 | 1/30/2026 | Yes | 14 | 59 | None | |
| NVO | Novo Nordisk | Options Chain | 1.13 | 1.99 | 0.71 | 1.00 | 0.71 | 0.42 | 0 | 7 | -0.28 | -0.03 | 50.29 | 47.00 | 1/30/2026 | No | 11 | 57 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.35 | 10.30 | 2.10 | 5.00 | 0.42 | 0.40 | 0 | 2 | -0.29 | -0.17 | 304.85 | 285.00 | 1/30/2026 | Yes | 20 | 69 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 12.75 | 16.50 | 1.85 | 5.00 | 0.37 | 0.50 | 7 | 3 | -0.28 | -0.28 | 409.80 | 375.00 | 1/30/2026 | Yes | 8 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.90 | 7.65 | 1.50 | 5.00 | 0.30 | 0.46 | 120 | 88 | -0.29 | -0.13 | 198.85 | 185.00 | 1/30/2026 | Yes | 6 | 62 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.50 | 10.85 | 1.38 | 5.00 | 0.28 | 0.28 | 2 | 2 | -0.28 | -0.22 | 483.47 | 460.00 | 1/30/2026 | Yes | 14 | 69 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 1.87 | 4.95 | 1.34 | 5.00 | 0.27 | 0.27 | 5 | 1 | -0.27 | -0.07 | 204.43 | 185.00 | 1/30/2026 | No | 12 | 75 | None | |
| AXP | American Express Company | Options Chain | 5.90 | 9.80 | 1.32 | 5.00 | 0.26 | 0.29 | 1 | 0 | -0.29 | -0.17 | 375.99 | 365.00 | 1/30/2026 | Yes | 10 | 70 | None | |
| HD | Home Depot Inc | Options Chain | 4.30 | 7.85 | 1.31 | 5.00 | 0.26 | 0.23 | 2 | 10 | -0.29 | -0.15 | 351.92 | 345.00 | 1/30/2026 | No | 9 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 1.70 | 5.50 | 1.09 | 5.00 | 0.22 | 0.32 | 0 | 4 | -0.25 | -0.08 | 181.27 | 170.00 | 1/30/2026 | No | 12 | 66 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.86 | 2.68 | 1.06 | 5.00 | 0.21 | 0.23 | 11 | 1 | -0.29 | -0.04 | 140.76 | 135.00 | 1/30/2026 | Yes | 9 | 57 | None | |
| VST | Vistra Corp | Options Chain | 4.85 | 8.00 | 1.00 | 5.00 | 0.20 | 0.51 | 4 | 0 | -0.29 | -0.12 | 164.00 | 160.00 | 1/30/2026 | No | 7 | 58 | None | |
| MS | Morgan Stanley | Options Chain | 1.30 | 4.80 | 0.83 | 5.00 | 0.17 | 0.28 | 0 | 3 | -0.26 | -0.08 | 180.69 | 170.00 | 1/30/2026 | Yes | 9 | 67 | None |