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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRCX | Lam Research Corp | Options Chain | 7.00 | 7.25 | 1.53 | 5.00 | 0.31 | 0.51 | 65 | 2 | -0.30 | -0.12 | 173.75 | 160.00 | 2/20/2026 | Yes | 13 | 63 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.00 | 8.20 | 2.90 | 10.00 | 0.29 | 0.34 | 120 | 244 | -0.30 | -0.16 | 299.58 | 290.00 | 2/20/2026 | Yes | 22 | 68 |
Dividend Stock List |
|
| FCX | Freeport-McMoRan Inc | Options Chain | 1.22 | 1.32 | 0.29 | 1.00 | 0.29 | 0.40 | 2 | 4 | -0.26 | -0.03 | 51.41 | 47.00 | 2/20/2026 | Yes | 11 | 57 | None | |
| AA | Alcoa Corp | Options Chain | 2.06 | 2.25 | 0.28 | 1.00 | 0.28 | 0.51 | 7 | 1 | -0.28 | -0.04 | 54.38 | 49.00 | 2/20/2026 | Yes | 14 | 54 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.65 | 9.75 | 1.40 | 5.00 | 0.28 | 0.27 | 52 | 90 | -0.30 | -0.19 | 488.67 | 465.00 | 2/20/2026 | Yes | 14 | 69 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.80 | 8.00 | 2.60 | 10.00 | 0.26 | 0.36 | 72 | 233 | -0.28 | -0.17 | 332.16 | 310.00 | 2/20/2026 | Yes | 10 | 59 | None | |
| ORCL | Oracle Corp | Options Chain | 5.45 | 5.60 | 1.30 | 5.00 | 0.26 | 0.44 | 153 | 68 | -0.26 | -0.11 | 197.21 | 180.00 | 2/20/2026 | No | 7 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.64 | 0.66 | 0.25 | 1.00 | 0.25 | 0.21 | 30 | 13 | -0.26 | -0.01 | 40.70 | 39.00 | 2/20/2026 | Yes | 11 | 55 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.05 | 9.20 | 2.40 | 10.00 | 0.24 | 0.43 | 189 | 79 | -0.26 | -0.20 | 349.85 | 320.00 | 2/20/2026 | No | 11 | 67 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.70 | 0.23 | 1.00 | 0.23 | 0.34 | 0 | 2 | -0.29 | -0.01 | 25.59 | 24.00 | 2/20/2026 | Yes | 13 | 47 | None | |
| CLX | Clorox Company | Options Chain | 2.25 | 2.40 | 1.13 | 5.00 | 0.23 | 0.32 | 147 | 50 | -0.29 | -0.03 | 100.81 | 95.00 | 2/20/2026 | Yes | 13 | 54 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.60 | 0.22 | 1.00 | 0.22 | 0.26 | 1 | 0 | -0.29 | -0.01 | 27.32 | 26.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.80 | 5.05 | 1.00 | 5.00 | 0.20 | 0.26 | 3 | 38 | -0.25 | -0.10 | 323.42 | 305.00 | 2/20/2026 | Yes | 11 | 78 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.64 | 0.71 | 0.20 | 1.00 | 0.20 | 0.26 | 16 | 12 | -0.20 | -0.01 | 54.21 | 50.00 | 2/20/2026 | Yes | 13 | 68 | None | |
| SYF | Synchrony Financial | Options Chain | 1.40 | 1.85 | 0.48 | 2.50 | 0.19 | 0.35 | 0 | 5 | -0.24 | -0.04 | 84.31 | 77.50 | 2/20/2026 | Yes | 15 | 71 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.53 | 1.56 | 0.47 | 2.50 | 0.19 | 0.30 | 2182 | 1160 | -0.25 | -0.03 | 94.31 | 87.50 | 2/20/2026 | Yes | 11 | 74 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.73 | 1.80 | 0.91 | 5.00 | 0.18 | 0.22 | 425 | 98 | -0.29 | -0.03 | 120.99 | 115.00 | 2/20/2026 | Yes | 11 | 75 | None | |
| TGT | Target Corp | Options Chain | 1.76 | 1.84 | 0.90 | 5.00 | 0.18 | 0.33 | 46 | 25 | -0.25 | -0.04 | 97.43 | 90.00 | 2/20/2026 | No | 9 | 57 | None | |
| MET | Metlife Inc | Options Chain | 1.20 | 1.35 | 0.45 | 2.50 | 0.18 | 0.26 | 2 | 3 | -0.27 | -0.03 | 79.79 | 75.00 | 2/20/2026 | Yes | 15 | 61 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.75 | 0.90 | 0.18 | 1.00 | 0.18 | 0.25 | 0 | 5 | -0.29 | -0.02 | 47.50 | 45.00 | 2/20/2026 | Yes | 8 | 63 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.92 | 0.93 | 0.43 | 2.50 | 0.17 | 0.26 | 86 | 188 | -0.27 | -0.02 | 55.28 | 52.50 | 2/20/2026 | Yes | 13 | 74 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.43 | 0.46 | 0.17 | 1.00 | 0.17 | 0.36 | 1 | 3 | -0.23 | -0.01 | 24.07 | 22.00 | 2/20/2026 | No | 8 | 52 | None | |
| WMT | Walmart Inc | Options Chain | 1.66 | 1.69 | 0.82 | 5.00 | 0.16 | 0.27 | 86 | 32 | -0.24 | -0.05 | 111.92 | 105.00 | 2/20/2026 | Yes | 9 | 55 | None |