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 2.35 2.50 0.35 1.00 0.35 0.62 58 9 -0.28 -0.04 53.49 48.00 11/20/2026 Yes 12 53 None
VST Vistra Corp Options Chain 4.55 5.05 1.50 5.00 0.30 0.47 201 105 -0.28 -0.09 142.00 130.00 11/20/2026 Yes 9 61 None
TSM Taiwan Semiconductor Manufacturing Options Chain 11.00 11.65 2.78 10.00 0.28 0.35 281 181 -0.28 -0.23 457.65 430.00 11/20/2026 Yes 20 61
Dividend Stock List
UNH Unitedhealth Group Inc Options Chain 9.30 10.00 2.75 10.00 0.28 0.38 78 65 -0.27 -0.20 374.80 350.00 11/20/2026 Yes 13 65 None
RF Regions Financial Corp Options Chain 0.55 0.65 0.25 1.00 0.25 0.36 5655 0 -0.24 -0.01 26.84 25.00 11/20/2026 Yes 15 59 None
T AT&T Inc Options Chain 0.50 0.53 0.24 1.00 0.24 0.30 40 7 -0.28 -0.01 24.53 23.00 11/20/2026 Yes 11 58 None
VZ Verizon Communications Inc Options Chain 0.68 0.79 0.23 1.00 0.23 0.26 25 366 -0.23 -0.01 46.10 43.00 11/20/2026 Yes 8 64 None
XYL Xylem Inc Options Chain 2.20 2.70 1.15 5.00 0.23 0.35 44 602 -0.28 -0.05 101.50 95.00 11/20/2026 Yes 12 55 None
TMUS T-Mobile US Inc Options Chain 2.90 3.40 1.10 5.00 0.22 0.35 7 11 -0.23 -0.08 163.10 150.00 11/20/2026 Yes 11 75 None
SCHW Charles Schwab Corp Options Chain 1.81 1.98 0.52 2.50 0.21 0.31 4 61 -0.26 -0.04 99.17 92.50 11/20/2026 Yes 13 63 None
XOM Exxon Mobil Corp Options Chain 2.69 2.89 1.03 5.00 0.21 0.31 200 59 -0.24 -0.06 161.20 150.00 11/20/2026 Yes 13 73 None
VTRS Viatris Inc Options Chain 0.30 0.55 0.20 1.00 0.20 0.34 43 0 -0.28 -0.01 18.25 17.00 11/20/2026 Yes 6 51 None
WMT Walmart Inc Options Chain 1.80 1.92 0.97 5.00 0.19 0.30 439 291 -0.25 -0.05 106.94 100.00 11/20/2026 Yes 8 55 None
USB U.S. Bancorp. Options Chain 0.99 1.29 0.48 2.50 0.19 0.28 12 5 -0.29 -0.02 58.40 55.00 11/20/2026 Yes 16 74 None
WFC Wells Fargo & Company Options Chain 1.46 1.55 0.43 2.50 0.17 0.32 387 103 -0.25 -0.03 80.65 75.00 11/20/2026 Yes 12 65 None