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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | Walmart Inc | Options Chain | 2.35 | 2.80 | 0.52 | 1.00 | 0.52 | 0.30 | 24 | 1 | -0.30 | -0.06 | 119.87 | 115.00 | 2/27/2026 | Yes | 9 | 57 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.85 | 9.75 | 1.82 | 5.00 | 0.36 | 0.36 | 4 | 3 | -0.29 | -0.18 | 334.48 | 315.00 | 2/27/2026 | Yes | 13 | 67 | None | |
| SYY | Sysco Corp | Options Chain | 0.50 | 1.65 | 0.85 | 2.50 | 0.34 | 0.29 | 20 | 9 | -0.23 | -0.03 | 77.11 | 72.50 | 2/20/2026 | Yes | 8 | 54 | None | |
| V | Visa Inc - Class A | Options Chain | 4.50 | 7.00 | 1.32 | 5.00 | 0.26 | 0.26 | 18 | 22 | -0.29 | -0.13 | 328.72 | 315.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.28 | 1.71 | 0.25 | 1.00 | 0.25 | 0.27 | 25 | 0 | -0.29 | -0.03 | 89.00 | 85.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.75 | 8.00 | 1.10 | 5.00 | 0.22 | 0.38 | 5 | 25 | -0.27 | -0.19 | 328.00 | 305.00 | 2/27/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| SYF | Synchrony Financial | Options Chain | 1.40 | 2.10 | 0.50 | 2.50 | 0.20 | 0.40 | 94 | 141 | -0.29 | -0.05 | 78.00 | 72.50 | 2/20/2026 | Yes | 11 | 62 | None |