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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | Target Corp | Options Chain | 2.58 | 4.30 | 0.75 | 1.00 | 0.75 | 0.33 | 1 | 0 | -0.27 | -0.08 | 155.83 | 150.00 | 10/30/2026 | No | 11 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.51 | 2.16 | 0.40 | 1.00 | 0.40 | 0.31 | 0 | 10 | -0.28 | -0.04 | 90.48 | 84.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 10.25 | 1.65 | 5.00 | 0.33 | 0.35 | 33 | 44 | -0.29 | -0.22 | 419.63 | 395.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
|
| T | AT&T Inc | Options Chain | 0.43 | 0.76 | 0.16 | 0.50 | 0.32 | 0.32 | 2 | 4 | -0.28 | -0.01 | 26.06 | 25.00 | 10/30/2026 | No | 10 | 58 | None | |
| SLB | SLB | Options Chain | 1.07 | 1.44 | 0.28 | 1.00 | 0.28 | 0.38 | 3 | 0 | -0.27 | -0.03 | 56.06 | 50.00 | 10/30/2026 | No | 8 | 65 | None | |
| VST | Vistra Corp | Options Chain | 3.45 | 4.50 | 1.38 | 5.00 | 0.28 | 0.45 | 86 | 46 | -0.26 | -0.09 | 141.45 | 130.00 | 10/30/2026 | No | 7 | 54 | None | |
| WMT | Walmart Inc | Options Chain | 1.55 | 1.86 | 0.20 | 1.00 | 0.20 | 0.24 | 8 | 0 | -0.28 | -0.05 | 109.09 | 105.00 | 10/30/2026 | No | 8 | 55 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.30 | 4.40 | 0.49 | 2.50 | 0.20 | 0.32 | 3 | 21 | -0.30 | -0.08 | 165.40 | 157.50 | 10/30/2026 | Yes | 11 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.63 | 0.79 | 0.18 | 1.00 | 0.18 | 0.25 | 26 | 7 | -0.22 | -0.01 | 51.30 | 48.00 | 10/30/2026 | No | 8 | 65 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.75 | 5.65 | 0.80 | 5.00 | 0.16 | 0.45 | 34 | 99 | -0.26 | -0.12 | 181.97 | 165.00 | 10/30/2026 | No | 10 | 63 | None | |
| V | Visa Inc - Class A | Options Chain | 4.50 | 6.70 | 0.77 | 5.00 | 0.15 | 0.23 | 1 | 44 | -0.28 | -0.15 | 375.77 | 360.00 | 10/30/2026 | Yes | 10 | 69 | None |