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 | 0.80 | 1.58 | 0.59 | 1.00 | 0.59 | 0.28 | 2 | 0 | -0.30 | -0.01 | 49.97 | 48.00 | 10/30/2026 | No | 8 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.50 | 10.00 | 2.55 | 5.00 | 0.51 | 0.35 | 19 | 26 | -0.28 | -0.16 | 379.09 | 355.00 | 10/30/2026 | Yes | 11 | 58 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.85 | 4.70 | 1.17 | 2.50 | 0.47 | 0.32 | 1 | 9 | -0.29 | -0.07 | 165.23 | 157.50 | 10/30/2026 | Yes | 11 | 64 | None | |
| NVO | Novo Nordisk | Options Chain | 0.86 | 1.42 | 0.38 | 1.00 | 0.38 | 0.34 | 1 | 29 | -0.29 | -0.02 | 43.10 | 41.00 | 10/30/2026 | No | 14 | 57 | None | |
| QCOM | Qualcomm Inc | Options Chain | 5.50 | 7.65 | 1.75 | 5.00 | 0.35 | 0.47 | 4 | 1 | -0.29 | -0.13 | 176.88 | 170.00 | 10/30/2026 | No | 12 | 70 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 10.35 | 12.25 | 1.65 | 5.00 | 0.33 | 0.35 | 18 | 9 | -0.30 | -0.22 | 428.03 | 410.00 | 10/30/2026 | Yes | 23 | 66 |
Dividend Stock List |
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| WMT | Walmart Inc | Options Chain | 1.40 | 2.03 | 0.28 | 1.00 | 0.28 | 0.24 | 0 | 2 | -0.28 | -0.04 | 105.87 | 103.00 | 10/30/2026 | No | 8 | 55 | None | |
| ORCL | Oracle Corp | Options Chain | 4.30 | 4.80 | 1.32 | 5.00 | 0.26 | 0.51 | 84 | 159 | -0.25 | -0.10 | 152.94 | 135.00 | 10/30/2026 | No | 8 | 60 | None | |
| VST | Vistra Corp | Options Chain | 3.30 | 4.50 | 1.30 | 5.00 | 0.26 | 0.45 | 3 | 10 | -0.24 | -0.09 | 147.05 | 135.00 | 10/30/2026 | No | 7 | 54 | None | |
| NKE | Nike Inc - Class B | Options Chain | 0.84 | 1.05 | 0.18 | 1.00 | 0.18 | 0.41 | 6 | 10 | -0.26 | -0.02 | 36.85 | 34.00 | 10/30/2026 | Yes | 10 | 51 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.05 | 1.90 | 0.83 | 5.00 | 0.17 | 0.22 | 5 | 1 | -0.25 | -0.04 | 126.02 | 120.00 | 10/30/2026 | No | 12 | 55 | None |