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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | Target Corp | Options Chain | 4.65 | 6.35 | 1.82 | 5.00 | 0.36 | 0.45 | 16 | 11 | -0.30 | -0.10 | 165.80 | 155.00 | 12/24/2026 | Yes | 11 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.60 | 0.78 | 0.30 | 1.00 | 0.30 | 0.25 | 2 | 2 | -0.26 | -0.02 | 45.95 | 44.00 | 12/24/2026 | No | 7 | 64 | None | |
| T | AT&T Inc | Options Chain | 0.25 | 0.47 | 0.14 | 0.50 | 0.28 | 0.30 | 1 | 2 | -0.24 | -0.01 | 21.63 | 20.50 | 12/24/2026 | No | 11 | 69 | None | |
| V | Visa Inc - Class A | Options Chain | 4.95 | 7.70 | 1.35 | 5.00 | 0.27 | 0.24 | 0 | 14 | -0.27 | -0.15 | 422.00 | 405.00 | 12/24/2026 | No | 9 | 70 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 3.00 | 3.65 | 1.23 | 5.00 | 0.25 | 0.31 | 8 | 20 | -0.29 | -0.06 | 164.40 | 155.00 | 12/24/2026 | No | 13 | 74 | None | |
| SYF | Synchrony Financial | Options Chain | 1.50 | 2.10 | 0.60 | 2.50 | 0.24 | 0.36 | 43 | 0 | -0.30 | -0.05 | 73.74 | 70.00 | 12/18/2026 | No | 10 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.10 | 12.10 | 1.15 | 5.00 | 0.23 | 0.42 | 2 | 10 | -0.29 | -0.23 | 390.00 | 365.00 | 12/24/2026 | No | 26 | 69 |
Growth Stock ListDividend Stock List |
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| SYY | Sysco Corp | Options Chain | 0.90 | 1.35 | 0.53 | 2.50 | 0.21 | 0.25 | 5 | 47 | -0.28 | -0.03 | 76.86 | 75.00 | 12/18/2026 | No | 13 | 64 | None | |
| VTRS | Viatris Inc | Options Chain | 0.15 | 0.55 | 0.17 | 1.00 | 0.17 | 0.34 | 12 | 0 | -0.22 | -0.01 | 20.49 | 19.00 | 12/18/2026 | No | 6 | 51 | None |