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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VLO | Valero Energy Corp | Options Chain | 11.90 | 13.10 | 3.15 | 10.00 | 0.32 | 0.55 | 171 | 20899 | -0.27 | -0.25 | 363.50 | 330.00 | 12/18/2026 | No | 10 | 64 | None | |
| VST | Vistra Corp | Options Chain | 4.35 | 4.60 | 1.38 | 5.00 | 0.28 | 0.56 | 791 | 560 | -0.27 | -0.10 | 119.08 | 110.00 | 12/18/2026 | Yes | 7 | 54 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.40 | 10.20 | 2.70 | 10.00 | 0.27 | 0.39 | 2482 | 899 | -0.28 | -0.23 | 391.71 | 370.00 | 12/18/2026 | No | 23 | 68 |
Dividend Stock List |
|
| V | Visa Inc - Class A | Options Chain | 6.70 | 7.55 | 1.35 | 5.00 | 0.27 | 0.24 | 73 | 28 | -0.29 | -0.16 | 439.43 | 420.00 | 12/18/2026 | No | 9 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.35 | 3.65 | 1.21 | 5.00 | 0.24 | 0.32 | 2406 | 1448 | -0.29 | -0.07 | 169.48 | 160.00 | 12/18/2026 | No | 11 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.64 | 0.73 | 0.24 | 1.00 | 0.24 | 0.26 | 916 | 684 | -0.26 | -0.02 | 46.17 | 44.00 | 12/18/2026 | No | 7 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.35 | 7.80 | 2.20 | 10.00 | 0.22 | 0.34 | 74 | 98 | -0.25 | -0.18 | 410.50 | 380.00 | 12/18/2026 | No | 10 | 58 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.80 | 0.22 | 1.00 | 0.22 | 0.41 | 0 | 30 | -0.30 | -0.01 | 19.44 | 18.00 | 12/18/2026 | Yes | 6 | 52 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.75 | 2.35 | 1.02 | 5.00 | 0.20 | 0.47 | 229 | 99 | -0.23 | -0.05 | 87.13 | 80.00 | 12/18/2026 | Yes | 12 | 55 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.26 | 1.36 | 0.49 | 2.50 | 0.20 | 0.27 | 266 | 528 | -0.26 | -0.03 | 87.57 | 82.50 | 12/18/2026 | No | 13 | 75 | None | |
| WMT | Walmart Inc | Options Chain | 1.99 | 2.10 | 0.97 | 5.00 | 0.19 | 0.33 | 1241 | 1796 | -0.23 | -0.06 | 129.79 | 120.00 | 12/18/2026 | Yes | 8 | 57 | None | |
| UNM | Unum Group | Options Chain | 1.10 | 1.35 | 0.75 | 5.00 | 0.15 | 0.32 | 56 | 33 | -0.24 | -0.04 | 75.00 | 70.00 | 12/18/2026 | Yes | 10 | 70 | None |