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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 8.65 | 12.00 | 1.95 | 5.00 | 0.39 | 0.72 | 3 | 1 | -0.28 | -0.18 | 190.78 | 170.00 | 8/28/2026 | Yes | 14 | 72 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.29 | 1.30 | 0.37 | 1.00 | 0.37 | 0.31 | 8 | 2 | -0.23 | -0.01 | 42.45 | 39.00 | 8/28/2026 | Yes | 10 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 16.35 | 20.45 | 1.75 | 5.00 | 0.35 | 0.53 | 0 | 2 | -0.30 | -0.34 | 439.39 | 405.00 | 8/28/2026 | Yes | 20 | 61 |
Dividend Stock List |
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| NTAP | Netapp Inc | Options Chain | 5.60 | 6.00 | 1.55 | 5.00 | 0.31 | 0.48 | 6 | 14 | -0.30 | -0.11 | 172.25 | 160.00 | 8/21/2026 | No | 11 | 58 | None | |
| RF | Regions Financial Corp | Options Chain | 0.50 | 0.75 | 0.23 | 1.00 | 0.23 | 0.32 | 8 | 0 | -0.28 | -0.01 | 30.58 | 29.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| SYY | Sysco Corp | Options Chain | 1.10 | 1.45 | 0.43 | 2.50 | 0.17 | 0.31 | 154 | 57 | -0.23 | -0.04 | 82.10 | 77.50 | 8/21/2026 | Yes | 10 | 63 | None | |
| WM | Waste Management Inc | Options Chain | 2.55 | 3.30 | 1.70 | 10.00 | 0.17 | 0.25 | 13 | 49 | -0.24 | -0.09 | 233.94 | 220.00 | 8/21/2026 | Yes | 11 | 67 | None | |
| TD | Toronto Dominion Bank | Options Chain | 1.40 | 1.75 | 0.85 | 5.00 | 0.17 | 0.21 | 83 | 5 | -0.28 | -0.03 | 119.90 | 115.00 | 8/21/2026 | No | 12 | 78 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.35 | 1.60 | 0.83 | 5.00 | 0.17 | 0.40 | 300 | 2 | -0.19 | -0.03 | 89.78 | 80.00 | 8/21/2026 | No | 10 | 71 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.65 | 0.75 | 0.40 | 2.50 | 0.16 | 0.28 | 10 | 1 | -0.25 | -0.02 | 51.36 | 47.50 | 8/21/2026 | Yes | 14 | 76 | None |