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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | Verizon Communications Inc | Options Chain | 0.00 | 2.09 | 0.72 | 1.00 | 0.72 | 0.47 | 0 | 4 | -0.25 | -0.01 | 47.10 | 44.00 | 3/27/2026 | No | 8 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.50 | 8.60 | 1.82 | 5.00 | 0.36 | 0.35 | 16 | 3 | -0.29 | -0.12 | 268.55 | 260.00 | 3/27/2026 | No | 12 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.20 | 11.05 | 1.45 | 5.00 | 0.29 | 0.41 | 0 | 8 | -0.29 | -0.20 | 330.73 | 325.00 | 3/27/2026 | No | 20 | 62 |
Dividend Stock List |
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| ZTS | Zoetis Inc - Class A | Options Chain | 3.10 | 4.10 | 1.37 | 5.00 | 0.27 | 0.41 | 14 | 10 | -0.30 | -0.08 | 126.73 | 120.00 | 3/20/2026 | Yes | 14 | 61 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.09 | 3.55 | 0.27 | 1.00 | 0.27 | 0.26 | 0 | 4 | -0.29 | -0.04 | 146.08 | 142.00 | 3/27/2026 | No | 10 | 73 | None | |
| V | Visa Inc - Class A | Options Chain | 2.95 | 5.40 | 0.80 | 5.00 | 0.16 | 0.22 | 2 | 0 | -0.26 | -0.09 | 329.13 | 315.00 | 3/27/2026 | No | 10 | 65 | None | |
| SAN | Banco Santander S.A. | Options Chain | 0.20 | 0.35 | 0.15 | 1.00 | 0.15 | 0.34 | 3 | 2 | -0.29 | -0.01 | 12.23 | 12.00 | 3/20/2026 | No | 14 | 51 | None |