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 | 2.45 | 3.30 | 0.37 | 1.00 | 0.37 | 0.36 | 36 | 18 | -0.30 | -0.07 | 114.78 | 109.00 | 5/1/2026 | No | 13 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.40 | 11.15 | 1.43 | 5.00 | 0.29 | 0.46 | 2 | 6 | -0.28 | -0.24 | 340.00 | 315.00 | 5/1/2026 | No | 20 | 62 |
Dividend Stock List |
|
| WPM | Wheaton Precious Metals Corp | Options Chain | 3.40 | 4.90 | 1.42 | 5.00 | 0.28 | 0.55 | 3 | 0 | -0.27 | -0.09 | 121.06 | 110.00 | 5/1/2026 | No | 15 | 68 | None | |
| RTX | RTX Corp | Options Chain | 4.70 | 5.80 | 1.30 | 5.00 | 0.26 | 0.38 | 5 | 11 | -0.29 | -0.12 | 200.85 | 190.00 | 5/1/2026 | No | 11 | 60 | None | |
| UNP | Union Pacific Corp | Options Chain | 3.50 | 4.70 | 1.07 | 5.00 | 0.21 | 0.32 | 1 | 0 | -0.26 | -0.11 | 234.40 | 220.00 | 5/1/2026 | No | 13 | 74 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.50 | 3.10 | 0.93 | 5.00 | 0.19 | 0.43 | 0 | 31 | -0.23 | -0.09 | 131.28 | 120.00 | 5/1/2026 | No | 11 | 72 | None | |
| V | Visa Inc - Class A | Options Chain | 5.10 | 7.10 | 0.90 | 5.00 | 0.18 | 0.31 | 8 | 101 | -0.29 | -0.14 | 300.00 | 285.00 | 5/1/2026 | No | 10 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.69 | 1.36 | 0.17 | 1.00 | 0.17 | 0.28 | 1 | 0 | -0.30 | -0.01 | 49.48 | 47.00 | 5/1/2026 | No | 8 | 64 | None | |
| SLB | SLB | Options Chain | 0.94 | 1.44 | 0.16 | 1.00 | 0.16 | 0.42 | 1 | 1 | -0.27 | -0.03 | 47.90 | 44.00 | 5/1/2026 | No | 6 | 50 | None |