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 | 0.67 | 0.92 | 0.39 | 1.00 | 0.39 | 0.28 | 22 | 4 | -0.24 | -0.01 | 46.74 | 43.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| MSFT | Microsoft Corporation | Options Chain | 6.25 | 7.50 | 1.73 | 5.00 | 0.35 | 0.32 | 259 | 136 | -0.27 | -0.21 | 393.83 | 360.00 | 7/24/2026 | No | 15 | 72 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.80 | 14.05 | 1.68 | 5.00 | 0.34 | 0.49 | 33 | 70 | -0.29 | -0.28 | 376.71 | 365.00 | 7/31/2026 | No | 10 | 62 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.63 | 3.35 | 1.43 | 5.00 | 0.29 | 0.30 | 30 | 32 | -0.30 | -0.07 | 141.80 | 135.00 | 7/31/2026 | Yes | 11 | 71 | None | |
| CEG | Constellation Energy Corporation | Options Chain | 7.10 | 8.60 | 1.40 | 5.00 | 0.28 | 0.48 | 1 | 2 | -0.27 | -0.18 | 267.17 | 245.00 | 7/31/2026 | No | 11 | 71 | None | |
| VST | Vistra Corp | Options Chain | 4.25 | 5.60 | 1.35 | 5.00 | 0.27 | 0.51 | 12 | 11 | -0.26 | -0.12 | 158.86 | 145.00 | 7/31/2026 | No | 9 | 62 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.70 | 17.40 | 1.27 | 5.00 | 0.25 | 0.49 | 1 | 17 | -0.30 | -0.33 | 428.60 | 405.00 | 7/31/2026 | Yes | 20 | 62 |
Dividend Stock List |
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| APA | APA Corporation | Options Chain | 0.85 | 1.10 | 0.25 | 1.00 | 0.25 | 0.47 | 0 | 4 | -0.27 | -0.02 | 34.28 | 31.00 | 7/31/2026 | No | 10 | 55 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.83 | 1.12 | 0.25 | 1.00 | 0.25 | 0.27 | 1 | 71 | -0.28 | -0.02 | 56.85 | 54.00 | 7/31/2026 | Yes | 13 | 74 | None | |
| ACN | Accenture plc - Class A | Options Chain | 2.00 | 6.60 | 1.22 | 5.00 | 0.24 | 0.51 | 0 | 15 | -0.24 | -0.10 | 166.01 | 140.00 | 7/31/2026 | Yes | 14 | 59 | None | |
| C | Citigroup Inc | Options Chain | 2.82 | 3.60 | 0.24 | 1.00 | 0.24 | 0.33 | 7 | 2 | -0.29 | -0.08 | 142.75 | 137.00 | 7/31/2026 | Yes | 11 | 69 | None | |
| T | AT&T Inc | Options Chain | 0.14 | 0.69 | 0.17 | 1.00 | 0.17 | 0.31 | 35 | 153 | -0.26 | -0.01 | 22.91 | 21.00 | 7/31/2026 | Yes | 12 | 70 | None |