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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNH | Unitedhealth Group Inc | Options Chain | 7.25 | 7.90 | 1.25 | 5.00 | 0.25 | 0.43 | 2 | 11 | -0.27 | -0.18 | 283.00 | 265.00 | 4/24/2026 | Yes | 10 | 65 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.65 | 2.52 | 0.20 | 1.00 | 0.20 | 0.41 | 1 | 0 | -0.28 | -0.05 | 76.88 | 72.00 | 4/24/2026 | Yes | 11 | 76 | None | |
| UL | Unilever plc | Options Chain | 0.90 | 1.00 | 0.45 | 2.50 | 0.18 | 0.26 | 167 | 145 | -0.28 | -0.03 | 65.13 | 62.50 | 4/17/2026 | No | 8 | 59 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.83 | 1.10 | 0.17 | 1.00 | 0.17 | 0.28 | 2 | 2 | -0.28 | -0.01 | 50.68 | 48.00 | 4/24/2026 | No | 10 | 74 | None | |
| V | Visa Inc - Class A | Options Chain | 5.85 | 6.70 | 0.75 | 5.00 | 0.15 | 0.30 | 11 | 19 | -0.29 | -0.15 | 307.53 | 295.00 | 4/24/2026 | No | 11 | 71 | None |