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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 18.00 | 19.35 | 3.13 | 10.00 | 0.31 | 0.56 | 510 | 83 | -0.29 | -0.33 | 434.16 | 400.00 | 8/21/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| V | Visa Inc - Class A | Options Chain | 5.85 | 6.65 | 1.40 | 5.00 | 0.28 | 0.25 | 12 | 41 | -0.28 | -0.13 | 362.13 | 345.00 | 8/21/2026 | Yes | 10 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 10.05 | 10.65 | 2.72 | 10.00 | 0.27 | 0.35 | 108 | 62 | -0.28 | -0.22 | 425.36 | 400.00 | 8/21/2026 | Yes | 11 | 63 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.96 | 1.04 | 0.27 | 1.00 | 0.27 | 0.31 | 773 | 589 | -0.28 | -0.01 | 42.56 | 40.00 | 8/21/2026 | Yes | 13 | 73 | None | |
| TGT | Target Corp | Options Chain | 3.45 | 3.60 | 1.29 | 5.00 | 0.26 | 0.41 | 23 | 12 | -0.27 | -0.06 | 130.21 | 120.00 | 8/21/2026 | Yes | 12 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.68 | 2.88 | 1.26 | 5.00 | 0.25 | 0.29 | 785 | 726 | -0.29 | -0.05 | 137.09 | 130.00 | 8/21/2026 | Yes | 11 | 71 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.61 | 1.74 | 0.58 | 2.50 | 0.23 | 0.31 | 80 | 138 | -0.27 | -0.03 | 85.51 | 80.00 | 8/21/2026 | Yes | 13 | 73 | None | |
| WMT | Walmart Inc | Options Chain | 1.86 | 1.94 | 1.02 | 5.00 | 0.20 | 0.29 | 10336 | 8297 | -0.25 | -0.05 | 111.84 | 105.00 | 8/21/2026 | Yes | 9 | 55 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.95 | 2.65 | 0.97 | 5.00 | 0.19 | 0.26 | 19 | 23 | -0.25 | -0.05 | 154.26 | 145.00 | 8/21/2026 | Yes | 14 | 62 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.25 | 1.55 | 0.75 | 5.00 | 0.15 | 0.46 | 191 | 415 | -0.19 | -0.03 | 74.80 | 65.00 | 8/21/2026 | Yes | 11 | 56 | None |