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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | Costco Wholesale Corp | Options Chain | 11.20 | 12.00 | 1.52 | 5.00 | 0.30 | 0.20 | 79 | 30 | -0.28 | -0.26 | 861.88 | 825.00 | 2/20/2026 | Yes | 15 | 60 | None | |
| LRCX | Lam Research Corp | Options Chain | 7.10 | 7.65 | 1.48 | 5.00 | 0.30 | 0.54 | 86 | 47 | -0.29 | -0.14 | 171.14 | 170.00 | 2/20/2026 | Yes | 11 | 59 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.85 | 7.20 | 1.43 | 5.00 | 0.29 | 0.33 | 55 | 63 | -0.30 | -0.12 | 296.33 | 275.00 | 2/20/2026 | Yes | 9 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.90 | 8.40 | 2.82 | 10.00 | 0.28 | 0.37 | 482 | 811 | -0.28 | -0.17 | 304.91 | 300.00 | 2/20/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| DAL | Delta Air Lines Inc | Options Chain | 2.15 | 2.31 | 0.70 | 2.50 | 0.28 | 0.41 | 33 | 152 | -0.30 | -0.04 | 69.50 | 65.00 | 2/20/2026 | Yes | 12 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.00 | 9.15 | 1.35 | 5.00 | 0.27 | 0.28 | 1089 | 546 | -0.28 | -0.19 | 483.37 | 450.00 | 2/20/2026 | Yes | 14 | 69 | None | |
| NUE | Nucor Corp | Options Chain | 3.60 | 4.00 | 1.35 | 5.00 | 0.27 | 0.33 | 28 | 53 | -0.28 | -0.08 | 163.05 | 160.00 | 2/20/2026 | Yes | 13 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.15 | 1.24 | 0.27 | 1.00 | 0.27 | 0.38 | 39 | 106 | -0.26 | -0.03 | 50.85 | 48.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| ORCL | Oracle Corp | Options Chain | 5.55 | 5.70 | 1.33 | 5.00 | 0.27 | 0.44 | 296 | 152 | -0.27 | -0.11 | 193.55 | 180.00 | 2/20/2026 | No | 10 | 65 | None | |
| AMAT | Applied Materials Inc | Options Chain | 7.95 | 8.70 | 2.58 | 10.00 | 0.26 | 0.43 | 77 | 105 | -0.29 | -0.16 | 256.66 | 250.00 | 2/20/2026 | Yes | 14 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.55 | 9.70 | 2.53 | 10.00 | 0.25 | 0.44 | 587 | 306 | -0.26 | -0.21 | 346.10 | 320.00 | 2/20/2026 | No | 11 | 67 | None | |
| V | Visa Inc - Class A | Options Chain | 5.20 | 5.90 | 1.25 | 5.00 | 0.25 | 0.22 | 120 | 129 | -0.30 | -0.11 | 351.45 | 335.00 | 2/20/2026 | Yes | 9 | 69 | None | |
| STM | ST Microelectronics | Options Chain | 0.70 | 0.85 | 0.25 | 1.00 | 0.25 | 0.46 | 171 | 81 | -0.25 | -0.02 | 25.94 | 25.00 | 2/20/2026 | Yes | 12 | 48 | None | |
| HAL | Halliburton Company | Options Chain | 0.71 | 0.73 | 0.25 | 1.00 | 0.25 | 0.34 | 3 | 20 | -0.29 | -0.02 | 28.20 | 28.00 | 2/20/2026 | Yes | 7 | 55 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.80 | 4.80 | 1.20 | 5.00 | 0.24 | 0.43 | 40 | 80 | -0.29 | -0.08 | 135.63 | 130.00 | 2/20/2026 | Yes | 9 | 58 | None | |
| AA | Alcoa Corp | Options Chain | 1.45 | 1.59 | 0.24 | 1.00 | 0.24 | 0.52 | 58 | 146 | -0.22 | -0.04 | 53.15 | 50.00 | 2/20/2026 | Yes | 15 | 62 | None | |
| DOW | Dow Inc | Options Chain | 0.88 | 0.92 | 0.59 | 2.50 | 0.24 | 0.50 | 91 | 130 | -0.29 | -0.02 | 23.38 | 22.50 | 2/20/2026 | Yes | 11 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 6.35 | 6.70 | 2.33 | 10.00 | 0.23 | 0.36 | 337 | 888 | -0.23 | -0.17 | 329.74 | 310.00 | 2/20/2026 | Yes | 10 | 59 | None | |
| GPN | Global Payments Inc | Options Chain | 2.20 | 2.50 | 1.15 | 5.00 | 0.23 | 0.44 | 423 | 82 | -0.28 | -0.05 | 77.40 | 70.00 | 2/20/2026 | Yes | 12 | 63 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 2.69 | 2.88 | 1.13 | 5.00 | 0.23 | 0.43 | 242 | 58 | -0.23 | -0.06 | 125.95 | 115.00 | 2/20/2026 | No | 13 | 55 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.40 | 1.46 | 0.56 | 2.50 | 0.22 | 0.28 | 252 | 159 | -0.28 | -0.03 | 77.21 | 72.50 | 2/20/2026 | Yes | 7 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.73 | 1.99 | 0.56 | 2.50 | 0.22 | 0.30 | 462 | 623 | -0.28 | -0.04 | 93.31 | 90.00 | 2/20/2026 | Yes | 11 | 75 | None | |
| INFY | Infosys Ltd | Options Chain | 0.45 | 0.55 | 0.22 | 1.00 | 0.22 | 0.37 | 886 | 51 | -0.30 | -0.01 | 17.85 | 17.00 | 2/20/2026 | Yes | 16 | 54 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.30 | 3.60 | 1.06 | 5.00 | 0.21 | 0.36 | 38 | 50 | -0.24 | -0.08 | 171.30 | 160.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| GM | General Motors Company | Options Chain | 1.53 | 1.77 | 0.52 | 2.50 | 0.21 | 0.36 | 132 | 172 | -0.24 | -0.04 | 82.32 | 75.00 | 2/20/2026 | Yes | 9 | 60 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.05 | 2.35 | 1.02 | 5.00 | 0.20 | 0.53 | 37 | 74 | -0.22 | -0.05 | 85.28 | 75.00 | 2/20/2026 | Yes | 18 | 67 | None | |
| ZBH | Zimmer Biomet Holdings Inc | Options Chain | 1.70 | 2.10 | 1.02 | 5.00 | 0.20 | 0.32 | 3 | 6 | -0.27 | -0.04 | 90.92 | 85.00 | 2/20/2026 | Yes | 10 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.25 | 5.95 | 1.02 | 5.00 | 0.20 | 0.25 | 88 | 220 | -0.28 | -0.10 | 322.64 | 310.00 | 2/20/2026 | Yes | 11 | 78 | None | |
| LVS | Las Vegas Sands Corp | Options Chain | 1.34 | 1.56 | 0.51 | 2.50 | 0.20 | 0.38 | 18 | 0 | -0.25 | -0.03 | 65.09 | 60.00 | 2/20/2026 | Yes | 11 | 63 | None | |
| HD | Home Depot Inc | Options Chain | 4.20 | 4.55 | 1.00 | 5.00 | 0.20 | 0.22 | 116 | 103 | -0.25 | -0.13 | 344.48 | 330.00 | 2/20/2026 | No | 6 | 53 | None | |
| KO | Coca-Cola Company | Options Chain | 0.84 | 0.92 | 0.49 | 2.50 | 0.20 | 0.17 | 215 | 96 | -0.30 | -0.02 | 70.10 | 67.50 | 2/20/2026 | Yes | 9 | 70 | None | |
| COP | Conoco Phillips | Options Chain | 1.32 | 1.46 | 0.47 | 2.50 | 0.19 | 0.29 | 78 | 82 | -0.25 | -0.04 | 93.84 | 90.00 | 2/20/2026 | Yes | 7 | 67 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.70 | 1.86 | 0.93 | 5.00 | 0.19 | 0.21 | 266 | 42 | -0.27 | -0.03 | 143.34 | 135.00 | 2/20/2026 | Yes | 12 | 64 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.63 | 0.69 | 0.45 | 2.50 | 0.18 | 0.35 | 151 | 5017 | -0.27 | -0.01 | 29.90 | 27.50 | 2/20/2026 | Yes | 10 | 53 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.47 | 0.51 | 0.18 | 1.00 | 0.18 | 0.21 | 621 | 56 | -0.17 | 0.00 | 40.75 | 38.00 | 2/20/2026 | Yes | 15 | 64 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.63 | 0.67 | 0.18 | 1.00 | 0.18 | 0.26 | 79 | 54 | -0.23 | -0.02 | 54.01 | 50.00 | 2/20/2026 | Yes | 13 | 63 | None | |
| SU | Suncor Energy Inc | Options Chain | 0.50 | 0.65 | 0.18 | 1.00 | 0.18 | 0.25 | 1802 | 4 | -0.26 | -0.02 | 44.31 | 43.00 | 2/20/2026 | Yes | 10 | 71 | None | |
| T | AT&T Inc | Options Chain | 0.34 | 0.36 | 0.17 | 1.00 | 0.17 | 0.25 | 331 | 86 | -0.24 | -0.01 | 24.87 | 23.00 | 2/20/2026 | Yes | 10 | 57 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.40 | 0.60 | 0.17 | 1.00 | 0.17 | 0.30 | 6 | 102 | -0.30 | -0.01 | 23.90 | 23.00 | 2/20/2026 | Yes | 13 | 68 | None | |
| C | Citigroup Inc | Options Chain | 1.89 | 1.99 | 0.85 | 5.00 | 0.17 | 0.31 | 621 | 312 | -0.24 | -0.05 | 116.89 | 110.00 | 2/20/2026 | Yes | 13 | 71 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.75 | 0.79 | 0.41 | 2.50 | 0.16 | 0.30 | 3147 | 5246 | -0.27 | -0.02 | 41.08 | 40.00 | 2/20/2026 | Yes | 7 | 59 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.45 | 1.60 | 0.81 | 5.00 | 0.16 | 0.27 | 50 | 43 | -0.23 | -0.04 | 105.40 | 100.00 | 2/20/2026 | Yes | 10 | 66 | None | |
| MET | Metlife Inc | Options Chain | 0.75 | 1.40 | 0.38 | 2.50 | 0.15 | 0.26 | 32 | 16 | -0.23 | -0.02 | 78.94 | 75.00 | 2/20/2026 | Yes | 15 | 62 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.26 | 60 | 55 | -0.25 | -0.01 | 27.08 | 26.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.70 | 0.15 | 1.00 | 0.15 | 0.33 | 1 | 0 | -0.30 | -0.01 | 26.25 | 25.00 | 2/20/2026 | Yes | 16 | 62 | None |