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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | Wells Fargo & Company | Options Chain | 1.02 | 1.97 | 0.45 | 1.00 | 0.45 | 0.26 | 0 | 2 | -0.27 | -0.03 | 87.25 | 83.00 | 9/25/2026 | No | 15 | 74 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.57 | 0.94 | 0.43 | 1.00 | 0.43 | 0.25 | 1 | 37 | -0.27 | -0.02 | 46.96 | 45.00 | 9/25/2026 | No | 10 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 1.93 | 2.57 | 0.35 | 1.00 | 0.35 | 0.30 | 1 | 1 | -0.29 | -0.05 | 111.92 | 106.00 | 9/25/2026 | Yes | 10 | 59 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.30 | 12.35 | 1.53 | 5.00 | 0.31 | 0.40 | 8 | 3 | -0.28 | -0.23 | 420.95 | 390.00 | 9/25/2026 | No | 23 | 65 |
Dividend Stock List |
|
| V | Visa Inc - Class A | Options Chain | 5.05 | 6.20 | 1.48 | 5.00 | 0.30 | 0.22 | 3 | 2 | -0.29 | -0.12 | 362.79 | 350.00 | 9/25/2026 | No | 10 | 64 | None | |
| VST | Vistra Corp | Options Chain | 4.45 | 5.30 | 1.45 | 5.00 | 0.29 | 0.49 | 3 | 14 | -0.29 | -0.10 | 140.59 | 130.00 | 9/25/2026 | Yes | 6 | 56 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.85 | 9.40 | 1.43 | 5.00 | 0.29 | 0.30 | 3 | 1 | -0.28 | -0.16 | 406.81 | 385.00 | 9/25/2026 | No | 11 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.39 | 3.50 | 0.23 | 1.00 | 0.23 | 0.28 | 3 | 0 | -0.30 | -0.06 | 153.04 | 145.00 | 9/25/2026 | No | 13 | 72 | None |