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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SWK | Stanley Black & Decker Inc | Options Chain | 1.50 | 2.65 | 1.00 | 2.50 | 0.40 | 0.37 | 2 | 0 | -0.25 | -0.04 | 97.36 | 90.00 | 10/16/2026 | No | 16 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.90 | 11.40 | 1.22 | 5.00 | 0.24 | 0.34 | 9 | 28 | -0.30 | -0.20 | 428.91 | 405.00 | 10/23/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| SYF | Synchrony Financial | Options Chain | 1.10 | 1.70 | 0.55 | 2.50 | 0.22 | 0.33 | 0 | 1 | -0.25 | -0.04 | 79.92 | 75.00 | 10/16/2026 | No | 14 | 75 | None | |
| WMT | Walmart Inc | Options Chain | 1.35 | 1.91 | 0.22 | 1.00 | 0.22 | 0.23 | 11 | 3 | -0.28 | -0.04 | 107.15 | 103.00 | 10/23/2026 | No | 9 | 59 | None | |
| VST | Vistra Corp | Options Chain | 3.20 | 3.80 | 1.00 | 5.00 | 0.20 | 0.43 | 5 | 11 | -0.24 | -0.08 | 149.80 | 135.00 | 10/23/2026 | No | 9 | 61 | None | |
| UNM | Unum Group | Options Chain | 1.20 | 1.55 | 0.45 | 2.50 | 0.18 | 0.30 | 1 | 2 | -0.22 | -0.05 | 95.52 | 90.00 | 10/16/2026 | No | 9 | 69 | None | |
| VTRS | Viatris Inc | Options Chain | 0.10 | 0.40 | 0.17 | 1.00 | 0.17 | 0.26 | 8 | 1 | -0.27 | -0.01 | 17.19 | 16.00 | 10/16/2026 | No | 6 | 51 | None |