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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WFC | Wells Fargo & Company | Options Chain | 1.76 | 2.47 | 0.44 | 1.00 | 0.44 | 0.34 | 1 | 0 | -0.30 | -0.05 | 83.14 | 80.00 | 7/31/2026 | Yes | 10 | 64 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.80 | 9.95 | 1.85 | 5.00 | 0.37 | 0.32 | 4 | 2 | -0.29 | -0.24 | 411.51 | 390.00 | 7/31/2026 | Yes | 10 | 58 | None | |
| VST | Vistra Corp | Options Chain | 4.30 | 5.00 | 1.32 | 5.00 | 0.26 | 0.51 | 14 | 12 | -0.25 | -0.12 | 153.69 | 140.00 | 7/31/2026 | No | 7 | 56 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 2.67 | 3.75 | 1.31 | 5.00 | 0.26 | 0.31 | 15 | 33 | -0.29 | -0.08 | 141.58 | 135.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.18 | 1.19 | 0.25 | 1.00 | 0.25 | 0.26 | 56 | 13 | -0.22 | -0.01 | 47.05 | 44.00 | 7/31/2026 | Yes | 9 | 64 | None | |
| WMT | Walmart Inc | Options Chain | 1.71 | 2.55 | 0.24 | 1.00 | 0.24 | 0.26 | 0 | 10 | -0.30 | -0.06 | 120.82 | 116.00 | 7/31/2026 | No | 10 | 57 | None |