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.

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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
STM ST Microelectronics Options Chain 1.60 1.80 0.30 1.00 0.30 0.51 1 15 -0.28 -0.04 50.14 46.00 10/16/2026 No 12 53 None
WFC Wells Fargo & Company Options Chain 1.59 1.75 0.65 2.50 0.26 0.29 671 516 -0.28 -0.04 86.65 82.50 10/16/2026 Yes 14 74 None
TSM Taiwan Semiconductor Manufacturing Options Chain 8.70 9.35 2.58 10.00 0.26 0.35 164 361 -0.27 -0.21 416.40 390.00 10/16/2026 Yes 20 61
Dividend Stock List
UNH Unitedhealth Group Inc Options Chain 6.00 6.85 2.28 10.00 0.23 0.33 240 106 -0.23 -0.14 389.41 360.00 10/16/2026 No 10 58 None
VST Vistra Corp Options Chain 2.72 2.93 1.09 5.00 0.22 0.41 181 108 -0.23 -0.08 138.41 125.00 10/16/2026 No 8 54 None
TTE TotalEnergies SE Options Chain 1.00 1.25 0.50 2.50 0.20 0.26 0 3 -0.22 -0.02 87.85 82.50 10/16/2026 No 13 54 None
SLB SLB Options Chain 1.01 1.14 0.48 2.50 0.19 0.36 132 89 -0.23 -0.03 57.33 55.00 10/16/2026 Yes 8 65 None
XOM Exxon Mobil Corp Options Chain 2.06 2.33 0.94 5.00 0.19 0.29 375 950 -0.23 -0.06 161.20 150.00 10/16/2026 No 11 66 None
TFC Truist Financial Corporation Options Chain 0.70 0.90 0.47 2.50 0.19 0.25 32 11 -0.29 -0.02 49.58 47.50 10/16/2026 Yes 15 75 None
VZ Verizon Communications Inc Options Chain 0.50 0.58 0.17 1.00 0.17 0.23 99 93 -0.24 -0.01 50.05 47.00 10/16/2026 No 8 65 None
WMB Williams Cos Inc Options Chain 1.10 1.25 0.83 5.00 0.17 0.28 391 382 -0.24 -0.02 74.47 70.00 10/16/2026 No 8 63 None
WMT Walmart Inc Options Chain 1.24 1.29 0.83 5.00 0.17 0.22 941 411 -0.25 -0.04 104.80 100.00 10/16/2026 No 8 56 None