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 | 1.53 | 1.99 | 0.47 | 1.00 | 0.47 | 0.31 | 10 | 112 | -0.30 | -0.05 | 86.54 | 83.00 | 10/30/2026 | Yes | 15 | 74 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.45 | 9.20 | 1.83 | 5.00 | 0.37 | 0.37 | 1 | 30 | -0.28 | -0.21 | 377.29 | 355.00 | 10/30/2026 | Yes | 13 | 65 | None | |
| STM | ST Microelectronics | Options Chain | 1.85 | 2.30 | 0.33 | 1.00 | 0.33 | 0.61 | 1 | 10 | -0.29 | -0.04 | 52.11 | 47.00 | 10/30/2026 | Yes | 12 | 53 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.50 | 10.70 | 1.55 | 5.00 | 0.31 | 0.34 | 20 | 117 | -0.30 | -0.25 | 445.14 | 425.00 | 10/30/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 2.77 | 3.20 | 1.27 | 5.00 | 0.25 | 0.42 | 134 | 85 | -0.24 | -0.09 | 141.35 | 130.00 | 10/30/2026 | No | 6 | 54 | None | |
| TGT | Target Corp | Options Chain | 2.57 | 2.81 | 0.24 | 1.00 | 0.24 | 0.30 | 6 | 2 | -0.26 | -0.08 | 157.53 | 150.00 | 10/30/2026 | No | 15 | 72 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.76 | 1.04 | 0.22 | 1.00 | 0.22 | 0.27 | 0 | 3 | -0.25 | -0.02 | 60.44 | 57.00 | 10/30/2026 | Yes | 12 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.29 | 2.80 | 1.08 | 5.00 | 0.22 | 0.31 | 201 | 43 | -0.25 | -0.09 | 158.30 | 150.00 | 10/30/2026 | Yes | 13 | 73 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.65 | 0.73 | 0.20 | 1.00 | 0.20 | 0.26 | 21 | 225 | -0.25 | -0.01 | 48.15 | 45.00 | 10/30/2026 | No | 10 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 1.54 | 1.66 | 0.17 | 1.00 | 0.17 | 0.23 | 4 | 7 | -0.30 | -0.05 | 106.83 | 104.00 | 10/30/2026 | No | 9 | 59 | None |