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.

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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
GLW Corning Inc Options Chain 9.60 12.15 2.50 5.00 0.50 0.93 0 7 -0.29 -0.21 154.06 140.00 9/4/2026 Yes 9 54 None
DELL Dell Technologies Inc - Class C Options Chain 30.45 33.90 2.08 5.00 0.42 0.95 8 24 -0.30 -0.60 441.80 395.00 9/4/2026 Yes 14 57 None
ORCL Oracle Corp Options Chain 5.40 6.20 0.80 2.00 0.40 0.65 4 16 -0.29 -0.14 125.84 112.00 8/28/2026 No 7 63 None
QCOM Qualcomm Inc Options Chain 7.05 10.90 1.98 5.00 0.40 0.67 0 10 -0.30 -0.16 175.63 155.00 9/4/2026 Yes 11 64 None
CRM Salesforce Inc Options Chain 4.35 7.25 1.60 5.00 0.32 0.54 63 4 -0.29 -0.13 170.06 145.00 9/4/2026 Yes 15 61 None
KO Coca-Cola Company Options Chain 0.90 1.50 0.32 1.00 0.32 0.24 4 0 -0.26 -0.04 81.97 78.00 9/4/2026 Yes 11 69 None
TSM Taiwan Semiconductor Manufacturing Options Chain 12.80 16.75 1.48 5.00 0.30 0.51 1 9 -0.28 -0.33 421.21 385.00 9/4/2026 No 20 61
Dividend Stock List
JNJ Johnson & Johnson Options Chain 1.90 5.80 1.41 5.00 0.28 0.26 0 4 -0.26 -0.10 250.61 245.00 9/4/2026 No 11 72 None
IBM International Business Machines Corp Options Chain 4.00 7.20 1.22 5.00 0.24 0.44 23 2 -0.27 -0.11 210.50 190.00 9/4/2026 Yes 10 65 None
NKE Nike Inc - Class B Options Chain 0.25 1.50 0.22 1.00 0.22 0.39 0 18 -0.25 -0.03 42.05 38.00 9/4/2026 No 14 58 None