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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 1.85 | 2.40 | 0.38 | 1.00 | 0.38 | 0.56 | 1 | 0 | -0.30 | -0.04 | 52.27 | 47.00 | 10/2/2026 | No | 13 | 54 | None | |
| TGT | Target Corp | Options Chain | 2.90 | 3.95 | 0.82 | 2.50 | 0.33 | 0.31 | 41 | 57 | -0.30 | -0.08 | 152.48 | 152.50 | 10/2/2026 | Yes | 11 | 71 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.65 | 10.10 | 1.55 | 5.00 | 0.31 | 0.35 | 97 | 5 | -0.30 | -0.21 | 412.50 | 390.00 | 10/2/2026 | No | 23 | 66 |
Dividend Stock List |
|
| VST | Vistra Corp | Options Chain | 2.81 | 4.05 | 1.36 | 5.00 | 0.27 | 0.44 | 9 | 13 | -0.24 | -0.08 | 142.70 | 130.00 | 10/2/2026 | No | 8 | 54 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.55 | 3.20 | 0.66 | 2.50 | 0.26 | 0.26 | 75 | 14 | -0.30 | -0.06 | 165.74 | 157.50 | 10/2/2026 | No | 13 | 73 | None | |
| TJX | TJX Companies Inc | Options Chain | 1.35 | 3.50 | 1.30 | 5.00 | 0.26 | 0.24 | 23 | 3 | -0.29 | -0.06 | 151.99 | 140.00 | 10/2/2026 | Yes | 14 | 62 | None | |
| SLB | SLB | Options Chain | 0.84 | 1.14 | 0.26 | 1.00 | 0.26 | 0.32 | 1 | 0 | -0.26 | -0.02 | 53.21 | 50.00 | 10/2/2026 | No | 8 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.90 | 8.85 | 1.28 | 5.00 | 0.26 | 0.28 | 18 | 37 | -0.30 | -0.16 | 388.61 | 370.00 | 10/2/2026 | No | 10 | 58 | None | |
| V | Visa Inc - Class A | Options Chain | 3.20 | 5.10 | 0.80 | 5.00 | 0.16 | 0.22 | 2 | 1 | -0.25 | -0.13 | 365.54 | 350.00 | 10/2/2026 | No | 10 | 64 | None |