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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T | AT&T Inc | Options Chain | 0.57 | 0.70 | 0.27 | 1.00 | 0.27 | 0.29 | 31 | 1 | -0.30 | -0.01 | 25.38 | 24.00 | 11/20/2026 | Yes | 15 | 67 | None | |
| VST | Vistra Corp | Options Chain | 3.65 | 4.00 | 1.30 | 5.00 | 0.26 | 0.45 | 34 | 71 | -0.24 | -0.08 | 138.46 | 125.00 | 11/20/2026 | Yes | 7 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.95 | 9.45 | 2.57 | 10.00 | 0.26 | 0.36 | 7 | 6 | -0.26 | -0.19 | 376.59 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.20 | 3.50 | 1.20 | 5.00 | 0.24 | 0.32 | 109 | 261 | -0.26 | -0.06 | 160.59 | 150.00 | 11/20/2026 | Yes | 11 | 66 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.51 | 1.67 | 0.54 | 2.50 | 0.22 | 0.30 | 640 | 203 | -0.26 | -0.03 | 82.97 | 77.50 | 11/20/2026 | Yes | 12 | 65 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.30 | 1.45 | 1.03 | 5.00 | 0.21 | 0.31 | 48 | 18 | -0.25 | -0.03 | 69.26 | 65.00 | 11/20/2026 | Yes | 8 | 63 | None | |
| TSCO | Tractor Supply Company | Options Chain | 1.05 | 1.35 | 1.00 | 5.00 | 0.20 | 0.39 | 2 | 0 | -0.29 | -0.02 | 32.27 | 30.00 | 11/20/2026 | Yes | 9 | 58 | None | |
| WMT | Walmart Inc | Options Chain | 1.60 | 1.70 | 0.86 | 5.00 | 0.17 | 0.30 | 287 | 203 | -0.21 | -0.04 | 107.98 | 100.00 | 11/20/2026 | No | 8 | 55 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.60 | 0.84 | 0.15 | 1.00 | 0.15 | 0.25 | 38 | 28 | -0.24 | -0.01 | 47.44 | 44.00 | 11/20/2026 | Yes | 10 | 73 | None |