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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| V | Visa Inc - Class A | Options Chain | 4.95 | 7.45 | 1.80 | 5.00 | 0.36 | 0.21 | 0 | 5 | -0.30 | -0.12 | 364.36 | 355.00 | 10/2/2026 | No | 10 | 69 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.31 | 4.35 | 0.88 | 2.50 | 0.35 | 0.28 | 2 | 1 | -0.30 | -0.05 | 158.73 | 152.50 | 10/2/2026 | No | 11 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.70 | 10.80 | 1.40 | 5.00 | 0.28 | 0.28 | 0 | 2 | -0.27 | -0.15 | 401.71 | 380.00 | 10/2/2026 | No | 13 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.85 | 10.00 | 1.18 | 5.00 | 0.24 | 0.35 | 2 | 2 | -0.28 | -0.21 | 425.20 | 400.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |