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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | ST Microelectronics | Options Chain | 2.35 | 2.50 | 0.35 | 1.00 | 0.35 | 0.62 | 58 | 9 | -0.28 | -0.04 | 53.49 | 48.00 | 11/20/2026 | Yes | 12 | 53 | None | |
| VST | Vistra Corp | Options Chain | 4.55 | 5.05 | 1.50 | 5.00 | 0.30 | 0.47 | 201 | 105 | -0.28 | -0.09 | 142.00 | 130.00 | 11/20/2026 | Yes | 9 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 11.00 | 11.65 | 2.78 | 10.00 | 0.28 | 0.35 | 281 | 181 | -0.28 | -0.23 | 457.65 | 430.00 | 11/20/2026 | Yes | 20 | 61 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 9.30 | 10.00 | 2.75 | 10.00 | 0.28 | 0.38 | 78 | 65 | -0.27 | -0.20 | 374.80 | 350.00 | 11/20/2026 | Yes | 13 | 65 | None | |
| RF | Regions Financial Corp | Options Chain | 0.55 | 0.65 | 0.25 | 1.00 | 0.25 | 0.36 | 5655 | 0 | -0.24 | -0.01 | 26.84 | 25.00 | 11/20/2026 | Yes | 15 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.50 | 0.53 | 0.24 | 1.00 | 0.24 | 0.30 | 40 | 7 | -0.28 | -0.01 | 24.53 | 23.00 | 11/20/2026 | Yes | 11 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.68 | 0.79 | 0.23 | 1.00 | 0.23 | 0.26 | 25 | 366 | -0.23 | -0.01 | 46.10 | 43.00 | 11/20/2026 | Yes | 8 | 64 | None | |
| XYL | Xylem Inc | Options Chain | 2.20 | 2.70 | 1.15 | 5.00 | 0.23 | 0.35 | 44 | 602 | -0.28 | -0.05 | 101.50 | 95.00 | 11/20/2026 | Yes | 12 | 55 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.90 | 3.40 | 1.10 | 5.00 | 0.22 | 0.35 | 7 | 11 | -0.23 | -0.08 | 163.10 | 150.00 | 11/20/2026 | Yes | 11 | 75 | None | |
| SCHW | Charles Schwab Corp | Options Chain | 1.81 | 1.98 | 0.52 | 2.50 | 0.21 | 0.31 | 4 | 61 | -0.26 | -0.04 | 99.17 | 92.50 | 11/20/2026 | Yes | 13 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.69 | 2.89 | 1.03 | 5.00 | 0.21 | 0.31 | 200 | 59 | -0.24 | -0.06 | 161.20 | 150.00 | 11/20/2026 | Yes | 13 | 73 | None | |
| VTRS | Viatris Inc | Options Chain | 0.30 | 0.55 | 0.20 | 1.00 | 0.20 | 0.34 | 43 | 0 | -0.28 | -0.01 | 18.25 | 17.00 | 11/20/2026 | Yes | 6 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 1.80 | 1.92 | 0.97 | 5.00 | 0.19 | 0.30 | 439 | 291 | -0.25 | -0.05 | 106.94 | 100.00 | 11/20/2026 | Yes | 8 | 55 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.99 | 1.29 | 0.48 | 2.50 | 0.19 | 0.28 | 12 | 5 | -0.29 | -0.02 | 58.40 | 55.00 | 11/20/2026 | Yes | 16 | 74 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.46 | 1.55 | 0.43 | 2.50 | 0.17 | 0.32 | 387 | 103 | -0.25 | -0.03 | 80.65 | 75.00 | 11/20/2026 | Yes | 12 | 65 | None |