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 | 1.60 | 1.80 | 0.30 | 1.00 | 0.30 | 0.51 | 1 | 15 | -0.28 | -0.04 | 50.14 | 46.00 | 10/16/2026 | No | 12 | 53 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.59 | 1.75 | 0.65 | 2.50 | 0.26 | 0.29 | 671 | 516 | -0.28 | -0.04 | 86.65 | 82.50 | 10/16/2026 | Yes | 14 | 74 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.70 | 9.35 | 2.58 | 10.00 | 0.26 | 0.35 | 164 | 361 | -0.27 | -0.21 | 416.40 | 390.00 | 10/16/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 6.00 | 6.85 | 2.28 | 10.00 | 0.23 | 0.33 | 240 | 106 | -0.23 | -0.14 | 389.41 | 360.00 | 10/16/2026 | No | 10 | 58 | None | |
| VST | Vistra Corp | Options Chain | 2.72 | 2.93 | 1.09 | 5.00 | 0.22 | 0.41 | 181 | 108 | -0.23 | -0.08 | 138.41 | 125.00 | 10/16/2026 | No | 8 | 54 | None | |
| TTE | TotalEnergies SE | Options Chain | 1.00 | 1.25 | 0.50 | 2.50 | 0.20 | 0.26 | 0 | 3 | -0.22 | -0.02 | 87.85 | 82.50 | 10/16/2026 | No | 13 | 54 | None | |
| SLB | SLB | Options Chain | 1.01 | 1.14 | 0.48 | 2.50 | 0.19 | 0.36 | 132 | 89 | -0.23 | -0.03 | 57.33 | 55.00 | 10/16/2026 | Yes | 8 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.06 | 2.33 | 0.94 | 5.00 | 0.19 | 0.29 | 375 | 950 | -0.23 | -0.06 | 161.20 | 150.00 | 10/16/2026 | No | 11 | 66 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.70 | 0.90 | 0.47 | 2.50 | 0.19 | 0.25 | 32 | 11 | -0.29 | -0.02 | 49.58 | 47.50 | 10/16/2026 | Yes | 15 | 75 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.50 | 0.58 | 0.17 | 1.00 | 0.17 | 0.23 | 99 | 93 | -0.24 | -0.01 | 50.05 | 47.00 | 10/16/2026 | No | 8 | 65 | None | |
| WMB | Williams Cos Inc | Options Chain | 1.10 | 1.25 | 0.83 | 5.00 | 0.17 | 0.28 | 391 | 382 | -0.24 | -0.02 | 74.47 | 70.00 | 10/16/2026 | No | 8 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.24 | 1.29 | 0.83 | 5.00 | 0.17 | 0.22 | 941 | 411 | -0.25 | -0.04 | 104.80 | 100.00 | 10/16/2026 | No | 8 | 56 | None |