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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 1.80 | 2.30 | 0.75 | 1.00 | 0.75 | 0.57 | 2 | 0 | -0.29 | -0.03 | 47.25 | 43.00 | 12/31/2026 | No | 13 | 55 | None | |
| QCOM | Qualcomm Inc | Options Chain | 6.00 | 8.15 | 1.98 | 5.00 | 0.40 | 0.52 | 0 | 3 | -0.30 | -0.11 | 178.72 | 160.00 | 12/31/2026 | No | 10 | 63 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 22.85 | 26.05 | 1.82 | 5.00 | 0.36 | 0.87 | 1 | 3 | -0.30 | -0.42 | 371.17 | 310.00 | 12/31/2026 | Yes | 11 | 53 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.39 | 0.69 | 0.18 | 0.50 | 0.36 | 0.29 | 3 | 2 | -0.30 | -0.01 | 24.57 | 23.50 | 12/31/2026 | No | 6 | 60 | None | |
| TGT | Target Corp | Options Chain | 4.20 | 5.45 | 1.79 | 5.00 | 0.36 | 0.43 | 44 | 45 | -0.29 | -0.10 | 160.56 | 150.00 | 12/31/2026 | Yes | 11 | 64 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.61 | 2.13 | 0.35 | 1.00 | 0.35 | 0.46 | 8 | 0 | -0.28 | -0.04 | 60.45 | 55.00 | 12/31/2026 | No | 14 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.00 | 9.55 | 1.73 | 5.00 | 0.35 | 0.34 | 1 | 4 | -0.27 | -0.15 | 404.02 | 380.00 | 12/31/2026 | No | 14 | 65 | None | |
| AVGO | Broadcom Inc | Options Chain | 13.35 | 14.80 | 1.70 | 5.00 | 0.34 | 0.58 | 47 | 16 | -0.30 | -0.30 | 364.36 | 320.00 | 12/24/2026 | Yes | 14 | 65 | None | |
| GLW | Corning Inc | Options Chain | 4.00 | 5.20 | 1.55 | 5.00 | 0.31 | 0.67 | 3 | 1 | -0.25 | -0.09 | 119.50 | 100.00 | 12/31/2026 | No | 9 | 56 | None | |
| PCG | PG&E Corp | Options Chain | 0.48 | 0.60 | 0.15 | 0.50 | 0.30 | 0.57 | 234 | 0 | -0.28 | -0.01 | 12.99 | 12.00 | 12/31/2026 | No | 12 | 63 | None | |
| CRM | Salesforce Inc | Options Chain | 7.10 | 8.40 | 1.45 | 5.00 | 0.29 | 0.51 | 10 | 10 | -0.28 | -0.15 | 217.57 | 200.00 | 12/31/2026 | Yes | 11 | 63 | None | |
| KO | Coca-Cola Company | Options Chain | 1.20 | 1.44 | 0.29 | 1.00 | 0.29 | 0.21 | 1 | 4 | -0.28 | -0.02 | 97.44 | 95.00 | 12/31/2026 | No | 9 | 61 | None | |
| C | Citigroup Inc | Options Chain | 2.27 | 2.92 | 0.27 | 1.00 | 0.27 | 0.30 | 2 | 80 | -0.30 | -0.06 | 124.06 | 118.00 | 12/31/2026 | No | 17 | 79 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.52 | 3.85 | 1.11 | 5.00 | 0.22 | 0.30 | 1 | 2 | -0.27 | -0.06 | 169.78 | 160.00 | 12/31/2026 | No | 11 | 64 | None | |
| DOW | Dow Inc | Options Chain | 0.55 | 0.80 | 0.22 | 1.00 | 0.22 | 0.38 | 11 | 0 | -0.23 | -0.01 | 33.15 | 30.00 | 12/31/2026 | No | 8 | 51 | None | |
| F | Ford Motor Company | Options Chain | 0.16 | 0.21 | 0.11 | 0.50 | 0.22 | 0.33 | 10 | 3 | -0.21 | -0.01 | 11.90 | 11.00 | 12/31/2026 | No | 8 | 51 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.45 | 0.11 | 0.50 | 0.22 | 0.28 | 3 | 1 | -0.26 | -0.01 | 22.18 | 21.00 | 12/31/2026 | No | 12 | 69 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.45 | 12.70 | 1.05 | 5.00 | 0.21 | 0.43 | 7 | 10 | -0.30 | -0.24 | 408.40 | 375.00 | 12/31/2026 | No | 20 | 62 |
Dividend Stock List |
|
| NKE | Nike Inc - Class B | Options Chain | 1.16 | 1.51 | 0.20 | 1.00 | 0.20 | 0.48 | 2 | 0 | -0.29 | -0.02 | 37.79 | 35.00 | 12/31/2026 | Yes | 13 | 59 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.50 | 6.00 | 0.97 | 5.00 | 0.19 | 0.24 | 0 | 1 | -0.27 | -0.13 | 342.80 | 330.00 | 12/31/2026 | No | 9 | 79 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.17 | 0.73 | 0.15 | 1.00 | 0.15 | 0.19 | 1 | 0 | -0.27 | -0.01 | 37.40 | 37.00 | 12/31/2026 | No | 10 | 59 | None |