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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VST | Vistra Corp | Options Chain | 5.50 | 7.05 | 1.58 | 5.00 | 0.32 | 0.57 | 2 | 0 | -0.30 | -0.14 | 162.43 | 150.00 | 8/28/2026 | Yes | 8 | 56 | None | |
| TSCO | Tractor Supply Company | Options Chain | 0.70 | 1.05 | 0.28 | 1.00 | 0.28 | 0.56 | 2 | 26 | -0.24 | -0.02 | 29.75 | 27.00 | 8/28/2026 | Yes | 7 | 47 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 13.95 | 15.80 | 1.35 | 5.00 | 0.27 | 0.53 | 2 | 18 | -0.29 | -0.37 | 424.76 | 395.00 | 8/28/2026 | No | 20 | 61 |
Dividend Stock List |
|
| WFC | Wells Fargo & Company | Options Chain | 1.39 | 1.64 | 0.25 | 1.00 | 0.25 | 0.27 | 0 | 2 | -0.30 | -0.03 | 87.65 | 84.00 | 8/28/2026 | No | 11 | 65 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.81 | 1.06 | 0.23 | 1.00 | 0.23 | 0.26 | 11 | 0 | -0.28 | -0.03 | 63.70 | 61.00 | 8/28/2026 | No | 15 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.49 | 0.74 | 0.20 | 1.00 | 0.20 | 0.31 | 16 | 22 | -0.23 | -0.02 | 43.78 | 41.00 | 8/28/2026 | Yes | 13 | 73 | None | |
| TGT | Target Corp | Options Chain | 3.70 | 4.20 | 0.17 | 1.00 | 0.17 | 0.43 | 0 | 4 | -0.30 | -0.08 | 138.50 | 130.00 | 8/28/2026 | Yes | 12 | 70 | None | |
| WMT | Walmart Inc | Options Chain | 1.74 | 2.07 | 0.16 | 1.00 | 0.16 | 0.30 | 32 | 11 | -0.29 | -0.05 | 112.27 | 105.00 | 8/28/2026 | Yes | 10 | 59 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.59 | 2.32 | 0.15 | 1.00 | 0.15 | 0.30 | 3 | 29 | -0.30 | -0.05 | 99.96 | 96.00 | 8/28/2026 | Yes | 14 | 69 | None |