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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 17.50 | 18.35 | 3.45 | 10.00 | 0.35 | 0.50 | 146 | 125 | -0.30 | -0.29 | 432.35 | 400.00 | 8/21/2026 | Yes | 20 | 62 |
Dividend Stock List |
|
| VZ | Verizon Communications Inc | Options Chain | 0.96 | 1.05 | 0.30 | 1.00 | 0.30 | 0.26 | 88 | 72 | -0.29 | -0.01 | 46.54 | 44.00 | 8/21/2026 | Yes | 12 | 73 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 2.60 | 2.80 | 1.37 | 5.00 | 0.27 | 0.48 | 36 | 37 | -0.27 | -0.05 | 77.82 | 70.00 | 8/21/2026 | Yes | 11 | 56 | None | |
| V | Visa Inc - Class A | Options Chain | 5.90 | 6.75 | 1.35 | 5.00 | 0.27 | 0.25 | 68 | 37 | -0.28 | -0.11 | 330.52 | 320.00 | 8/21/2026 | Yes | 10 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 2.46 | 2.79 | 1.27 | 5.00 | 0.25 | 0.29 | 310 | 386 | -0.28 | -0.04 | 119.00 | 110.00 | 8/21/2026 | Yes | 12 | 57 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.35 | 10.00 | 2.43 | 10.00 | 0.24 | 0.33 | 233 | 110 | -0.26 | -0.20 | 415.53 | 400.00 | 8/21/2026 | Yes | 9 | 58 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.44 | 1.76 | 0.53 | 2.50 | 0.21 | 0.31 | 580 | 149 | -0.24 | -0.03 | 83.86 | 77.50 | 8/21/2026 | Yes | 10 | 64 | None | |
| YUMC | Yum China Holdings Inc | Options Chain | 0.35 | 1.35 | 0.40 | 2.50 | 0.16 | 0.35 | 19 | 0 | -0.23 | -0.02 | 40.85 | 37.50 | 8/21/2026 | Yes | 17 | 22 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.74 | 1.88 | 0.77 | 5.00 | 0.15 | 0.29 | 148 | 142 | -0.20 | -0.04 | 136.54 | 125.00 | 8/21/2026 | Yes | 11 | 71 | None |