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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AA | Alcoa Corp | Options Chain | 2.08 | 2.44 | 0.35 | 1.00 | 0.35 | 0.51 | 111 | 2 | -0.29 | -0.04 | 54.25 | 50.00 | 2/20/2026 | Yes | 14 | 54 | None | |
| AVGO | Broadcom Inc | Options Chain | 12.40 | 12.65 | 3.03 | 10.00 | 0.30 | 0.43 | 643 | 467 | -0.30 | -0.21 | 352.13 | 330.00 | 2/20/2026 | No | 12 | 67 | None | |
| INFY | Infosys Ltd | Options Chain | 0.45 | 0.70 | 0.30 | 1.00 | 0.30 | 0.40 | 60 | 0 | -0.26 | -0.01 | 18.67 | 17.00 | 2/20/2026 | Yes | 13 | 47 | None | |
| LRCX | Lam Research Corp | Options Chain | 7.30 | 7.65 | 1.48 | 5.00 | 0.30 | 0.50 | 48 | 22 | -0.30 | -0.12 | 177.33 | 165.00 | 2/20/2026 | Yes | 13 | 63 | None | |
| COST | Costco Wholesale Corp | Options Chain | 12.60 | 13.30 | 1.47 | 5.00 | 0.29 | 0.19 | 39 | 26 | -0.30 | -0.26 | 871.86 | 845.00 | 2/20/2026 | Yes | 14 | 60 | None | |
| NEM | Newmont Corp | Options Chain | 3.20 | 3.50 | 0.73 | 2.50 | 0.29 | 0.43 | 21 | 20 | -0.28 | -0.06 | 104.73 | 97.50 | 2/20/2026 | Yes | 13 | 63 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.39 | 1.50 | 0.28 | 1.00 | 0.28 | 0.39 | 20 | 184 | -0.27 | -0.03 | 51.92 | 49.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.75 | 9.20 | 2.78 | 10.00 | 0.28 | 0.37 | 112 | 283 | -0.28 | -0.16 | 327.58 | 310.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.70 | 9.90 | 1.35 | 5.00 | 0.27 | 0.27 | 212 | 386 | -0.28 | -0.18 | 488.02 | 465.00 | 2/20/2026 | Yes | 14 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.55 | 4.90 | 1.35 | 5.00 | 0.27 | 0.34 | 40 | 7 | -0.29 | -0.09 | 174.77 | 165.00 | 2/20/2026 | Yes | 12 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.50 | 5.75 | 1.28 | 5.00 | 0.26 | 0.44 | 264 | 218 | -0.25 | -0.10 | 197.49 | 180.00 | 2/20/2026 | No | 10 | 65 | None | |
| HD | Home Depot Inc | Options Chain | 5.20 | 5.55 | 1.23 | 5.00 | 0.25 | 0.22 | 174 | 257 | -0.27 | -0.12 | 347.34 | 335.00 | 2/20/2026 | No | 8 | 59 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 4.05 | 4.35 | 1.18 | 5.00 | 0.24 | 0.30 | 5 | 3 | -0.27 | -0.09 | 199.02 | 190.00 | 2/20/2026 | Yes | 12 | 74 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.90 | 4.10 | 1.17 | 5.00 | 0.23 | 0.45 | 92 | 33 | -0.25 | -0.08 | 137.43 | 125.00 | 2/20/2026 | Yes | 11 | 60 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.55 | 6.90 | 2.23 | 10.00 | 0.22 | 0.35 | 333 | 172 | -0.25 | -0.14 | 298.80 | 280.00 | 2/20/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 5.15 | 5.50 | 1.08 | 5.00 | 0.22 | 0.25 | 137 | 165 | -0.26 | -0.09 | 329.17 | 310.00 | 2/20/2026 | Yes | 11 | 78 | None | |
| LVS | Las Vegas Sands Corp | Options Chain | 1.23 | 1.42 | 0.53 | 2.50 | 0.21 | 0.37 | 34 | 0 | -0.23 | -0.03 | 66.31 | 60.00 | 2/20/2026 | Yes | 8 | 57 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.77 | 1.84 | 0.51 | 2.50 | 0.20 | 0.27 | 52 | 62 | -0.28 | -0.03 | 95.30 | 90.00 | 2/20/2026 | Yes | 10 | 66 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.51 | 0.55 | 0.20 | 1.00 | 0.20 | 0.21 | 138 | 92 | -0.19 | 0.00 | 40.32 | 38.00 | 2/20/2026 | Yes | 11 | 55 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.50 | 0.20 | 1.00 | 0.20 | 0.30 | 2 | 0 | -0.25 | -0.01 | 24.51 | 23.00 | 2/20/2026 | Yes | 10 | 57 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.72 | 0.76 | 0.48 | 2.50 | 0.19 | 0.35 | 267 | 12 | -0.28 | -0.01 | 29.78 | 27.50 | 2/20/2026 | Yes | 13 | 63 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.75 | 0.80 | 0.47 | 2.50 | 0.19 | 0.30 | 174 | 25 | -0.26 | -0.02 | 40.00 | 37.50 | 2/20/2026 | No | 7 | 59 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.16 | 1.23 | 0.45 | 2.50 | 0.18 | 0.28 | 187 | 165 | -0.24 | -0.02 | 78.02 | 72.50 | 2/20/2026 | Yes | 9 | 66 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.30 | 1.40 | 0.45 | 2.50 | 0.18 | 0.26 | 54 | 33 | -0.26 | -0.03 | 80.89 | 77.50 | 2/20/2026 | Yes | 12 | 73 | None | |
| WRB | W.R. Berkley Corp | Options Chain | 0.70 | 1.60 | 0.45 | 2.50 | 0.18 | 0.23 | 6 | 12 | -0.27 | -0.02 | 70.64 | 67.50 | 2/20/2026 | Yes | 12 | 55 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.79 | 1.92 | 0.89 | 5.00 | 0.18 | 0.29 | 95 | 57 | -0.24 | -0.04 | 106.45 | 100.00 | 2/20/2026 | Yes | 10 | 66 | None | |
| T | AT&T Inc | Options Chain | 0.35 | 0.39 | 0.17 | 1.00 | 0.17 | 0.25 | 81 | 5 | -0.24 | -0.01 | 24.66 | 23.00 | 2/20/2026 | Yes | 14 | 68 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.45 | 0.17 | 1.00 | 0.17 | 0.32 | 0 | 100 | -0.30 | -0.01 | 13.88 | 13.00 | 2/20/2026 | No | 11 | 67 | None | |
| TGT | Target Corp | Options Chain | 1.63 | 1.77 | 0.84 | 5.00 | 0.17 | 0.35 | 199 | 93 | -0.22 | -0.04 | 96.53 | 90.00 | 2/20/2026 | No | 12 | 66 | None | |
| KO | Coca-Cola Company | Options Chain | 0.80 | 0.84 | 0.41 | 2.50 | 0.16 | 0.18 | 354 | 254 | -0.26 | -0.02 | 70.11 | 67.50 | 2/20/2026 | Yes | 7 | 63 | None | |
| WMT | Walmart Inc | Options Chain | 1.65 | 1.73 | 0.80 | 5.00 | 0.16 | 0.26 | 213 | 620 | -0.25 | -0.04 | 111.61 | 105.00 | 2/20/2026 | Yes | 9 | 55 | None | |
| BHP | BHP Group Ltd | Options Chain | 0.85 | 1.00 | 0.40 | 2.50 | 0.16 | 0.28 | 140 | 62 | -0.22 | -0.02 | 60.87 | 57.50 | 2/20/2026 | Yes | 10 | 60 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.64 | 0.77 | 0.16 | 1.00 | 0.16 | 0.27 | 2024 | 799 | -0.18 | -0.01 | 54.64 | 50.00 | 2/20/2026 | Yes | 13 | 68 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.21 | 0.16 | 1.00 | 0.16 | 0.35 | 125 | 90 | -0.20 | 0.00 | 13.36 | 12.00 | 2/20/2026 | Yes | 16 | 54 | None | |
| MO | Altria Group Inc | Options Chain | 0.62 | 0.66 | 0.39 | 2.50 | 0.16 | 0.19 | 162 | 27 | -0.25 | -0.02 | 58.98 | 55.00 | 2/20/2026 | Yes | 9 | 60 | None | |
| PPL | PPL Corp | Options Chain | 0.30 | 0.45 | 0.15 | 1.00 | 0.15 | 0.22 | 1 | 0 | -0.21 | -0.01 | 34.97 | 33.00 | 2/20/2026 | Yes | 8 | 67 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.30 | 0.40 | 0.15 | 1.00 | 0.15 | 0.25 | 254 | 1 | -0.29 | -0.01 | 17.74 | 17.00 | 2/20/2026 | Yes | 9 | 57 | None |