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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 10.00 | 11.00 | 1.70 | 5.00 | 0.34 | 0.73 | 148 | 138 | -0.30 | -0.20 | 182.97 | 170.00 | 8/21/2026 | Yes | 14 | 72 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 14.90 | 16.30 | 3.00 | 10.00 | 0.30 | 0.54 | 360 | 217 | -0.28 | -0.35 | 436.98 | 400.00 | 8/21/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| VZ | Verizon Communications Inc | Options Chain | 0.88 | 0.96 | 0.30 | 1.00 | 0.30 | 0.30 | 55 | 240 | -0.28 | -0.01 | 42.63 | 40.00 | 8/21/2026 | Yes | 13 | 73 | None | |
| VST | Vistra Corp | Options Chain | 5.25 | 5.80 | 1.45 | 5.00 | 0.29 | 0.57 | 31 | 69 | -0.26 | -0.13 | 155.40 | 140.00 | 8/21/2026 | Yes | 8 | 62 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 10.25 | 10.80 | 2.60 | 10.00 | 0.26 | 0.37 | 260 | 93 | -0.29 | -0.25 | 428.05 | 400.00 | 8/21/2026 | Yes | 11 | 63 | None | |
| PPL | PPL Corp | Options Chain | 0.30 | 0.70 | 0.25 | 1.00 | 0.25 | 0.28 | 1 | 0 | -0.22 | -0.02 | 36.39 | 34.00 | 8/21/2026 | Yes | 10 | 67 | None | |
| V | Visa Inc - Class A | Options Chain | 5.15 | 5.75 | 1.20 | 5.00 | 0.24 | 0.27 | 20 | 95 | -0.26 | -0.14 | 351.80 | 330.00 | 8/21/2026 | Yes | 11 | 69 | None | |
| PG | Procter & Gamble Company | Options Chain | 2.14 | 2.22 | 1.10 | 5.00 | 0.22 | 0.26 | 67 | 62 | -0.25 | -0.05 | 152.75 | 140.00 | 8/21/2026 | Yes | 12 | 72 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.39 | 1.55 | 0.54 | 2.50 | 0.22 | 0.32 | 19 | 12 | -0.26 | -0.04 | 85.56 | 80.00 | 8/21/2026 | Yes | 13 | 73 | None | |
| TGT | Target Corp | Options Chain | 2.95 | 3.25 | 1.02 | 5.00 | 0.20 | 0.44 | 205 | 55 | -0.24 | -0.06 | 127.62 | 120.00 | 8/21/2026 | Yes | 12 | 63 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.55 | 1.80 | 0.90 | 5.00 | 0.18 | 0.40 | 94 | 35 | -0.21 | -0.03 | 91.25 | 80.00 | 8/21/2026 | No | 10 | 71 | None | |
| RF | Regions Financial Corp | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.32 | 462 | 1 | -0.25 | -0.01 | 30.59 | 28.00 | 8/21/2026 | Yes | 18 | 70 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.45 | 0.60 | 0.18 | 1.00 | 0.18 | 0.42 | 24 | 0 | -0.28 | -0.01 | 19.09 | 18.00 | 8/21/2026 | Yes | 10 | 60 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.86 | 0.94 | 0.43 | 2.50 | 0.17 | 0.28 | 17 | 16 | -0.25 | -0.03 | 61.00 | 57.50 | 8/21/2026 | Yes | 12 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.66 | 1.79 | 0.83 | 5.00 | 0.17 | 0.30 | 381 | 303 | -0.20 | -0.04 | 141.13 | 130.00 | 8/21/2026 | No | 11 | 71 | None | |
| WMT | Walmart Inc | Options Chain | 1.45 | 1.54 | 0.82 | 5.00 | 0.16 | 0.30 | 414 | 314 | -0.22 | -0.05 | 112.04 | 105.00 | 8/21/2026 | Yes | 10 | 59 | None |