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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EXC | Exelon Corp | Options Chain | 0.80 | 0.95 | 0.45 | 1.00 | 0.45 | 0.25 | 17 | 0 | -0.30 | -0.02 | 45.76 | 44.00 | 9/18/2026 | No | 8 | 57 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.80 | 9.80 | 1.97 | 5.00 | 0.39 | 0.30 | 1 | 2 | -0.29 | -0.16 | 412.75 | 385.00 | 9/25/2026 | No | 12 | 63 | None | |
| VST | Vistra Corp | Options Chain | 4.35 | 7.40 | 1.83 | 5.00 | 0.37 | 0.55 | 3 | 0 | -0.29 | -0.11 | 144.70 | 130.00 | 9/25/2026 | Yes | 6 | 56 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.80 | 14.70 | 1.60 | 5.00 | 0.32 | 0.45 | 1 | 1 | -0.28 | -0.25 | 414.00 | 390.00 | 9/25/2026 | No | 23 | 65 |
Dividend Stock List |
|
| CRM | Salesforce Inc | Options Chain | 5.00 | 8.65 | 1.58 | 5.00 | 0.32 | 0.50 | 0 | 1 | -0.29 | -0.13 | 192.98 | 170.00 | 9/25/2026 | Yes | 11 | 63 | None | |
| BHP | BHP Group Ltd | Options Chain | 2.35 | 2.55 | 0.72 | 2.50 | 0.29 | 0.41 | 1 | 3 | -0.28 | -0.04 | 87.01 | 82.50 | 9/18/2026 | Yes | 9 | 57 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.10 | 0.85 | 0.23 | 1.00 | 0.23 | 0.31 | 0 | 6000 | -0.29 | -0.01 | 25.09 | 22.00 | 9/18/2026 | Yes | 13 | 63 | None | |
| KEY | Keycorp | Options Chain | 0.40 | 0.50 | 0.22 | 1.00 | 0.22 | 0.26 | 0 | 5 | -0.28 | -0.01 | 23.13 | 22.00 | 9/18/2026 | No | 10 | 59 | None | |
| MKC | McCormick & Co. Inc (Non Voting) | Options Chain | 1.25 | 1.45 | 1.00 | 5.00 | 0.20 | 0.37 | 33 | 5 | -0.30 | -0.03 | 52.54 | 50.00 | 9/18/2026 | No | 8 | 56 | None | |
| MET | Metlife Inc | Options Chain | 1.20 | 1.75 | 0.50 | 2.50 | 0.20 | 0.26 | 0 | 1 | -0.26 | -0.05 | 96.26 | 95.00 | 9/18/2026 | Yes | 15 | 61 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.75 | 0.90 | 0.45 | 2.50 | 0.18 | 0.26 | 12 | 6 | -0.26 | -0.02 | 52.85 | 50.00 | 9/18/2026 | No | 11 | 66 | None | |
| OVV | Ovintiv Inc | Options Chain | 1.10 | 1.35 | 0.85 | 5.00 | 0.17 | 0.38 | 1 | 0 | -0.27 | -0.03 | 57.96 | 55.00 | 9/18/2026 | No | 11 | 65 | None | |
| APA | APA Corporation | Options Chain | 0.69 | 0.80 | 0.42 | 2.50 | 0.17 | 0.46 | 1 | 0 | -0.29 | -0.03 | 34.89 | 32.50 | 9/18/2026 | Yes | 15 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 0.76 | 1.26 | 0.16 | 1.00 | 0.16 | 0.26 | 0 | 1 | -0.26 | -0.02 | 86.83 | 83.00 | 9/25/2026 | No | 12 | 67 | None | |
| INFY | Infosys Ltd | Options Chain | 0.25 | 0.35 | 0.15 | 1.00 | 0.15 | 0.45 | 8 | 15 | -0.25 | -0.01 | 12.48 | 11.00 | 9/18/2026 | No | 13 | 43 | None |