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.

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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