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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EIX | Edison International | Options Chain | 1.00 | 1.75 | 0.85 | 2.50 | 0.34 | 0.28 | 29 | 5 | -0.28 | -0.01 | 61.07 | 57.50 | 2/20/2026 | No | 14 | 75 | None | |
| MCHP | Microchip Technology Inc | Options Chain | 2.50 | 3.20 | 0.85 | 2.50 | 0.34 | 0.51 | 49 | 14 | -0.29 | -0.06 | 69.49 | 70.00 | 2/20/2026 | Yes | 3 | 57 | None | |
| ALB | Albemarle Corp | Options Chain | 6.45 | 7.00 | 1.65 | 5.00 | 0.33 | 0.59 | 99 | 373 | -0.29 | -0.14 | 147.50 | 145.00 | 2/20/2026 | Yes | 8 | 50 | None | |
| LRCX | Lam Research Corp | Options Chain | 8.25 | 8.90 | 1.63 | 5.00 | 0.33 | 0.58 | 271 | 40 | -0.29 | -0.18 | 193.75 | 190.00 | 2/20/2026 | Yes | 11 | 58 | None | |
| MET | Metlife Inc | Options Chain | 1.25 | 2.30 | 0.78 | 2.50 | 0.31 | 0.30 | 47 | 133 | -0.30 | -0.03 | 82.09 | 77.50 | 2/20/2026 | Yes | 15 | 62 | None | |
| STX | Seagate Technology Holdings Plc | Options Chain | 14.80 | 15.50 | 3.00 | 10.00 | 0.30 | 0.73 | 45 | 106 | -0.26 | -0.32 | 288.90 | 290.00 | 2/20/2026 | Yes | 9 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 5.95 | 6.10 | 1.48 | 5.00 | 0.30 | 0.45 | 345 | 109 | -0.29 | -0.12 | 192.91 | 180.00 | 2/20/2026 | No | 9 | 65 | None | |
| CAT | Caterpillar Inc | Options Chain | 13.85 | 14.45 | 2.82 | 10.00 | 0.28 | 0.38 | 266 | 39 | -0.27 | -0.32 | 616.85 | 580.00 | 2/20/2026 | Yes | 10 | 66 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.00 | 9.25 | 2.80 | 10.00 | 0.28 | 0.37 | 362 | 340 | -0.29 | -0.21 | 341.81 | 330.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 9.25 | 9.65 | 2.80 | 10.00 | 0.28 | 0.39 | 237 | 730 | -0.30 | -0.19 | 323.22 | 310.00 | 2/20/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| NEM | Newmont Corp | Options Chain | 3.00 | 3.25 | 0.70 | 2.50 | 0.28 | 0.47 | 139 | 69 | -0.26 | -0.07 | 103.37 | 100.00 | 2/20/2026 | Yes | 18 | 71 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.00 | 10.20 | 2.72 | 10.00 | 0.27 | 0.44 | 733 | 509 | -0.28 | -0.22 | 343.42 | 320.00 | 2/20/2026 | No | 12 | 67 | None | |
| AMAT | Applied Materials Inc | Options Chain | 8.55 | 9.45 | 2.70 | 10.00 | 0.27 | 0.50 | 182 | 189 | -0.26 | -0.20 | 284.32 | 270.00 | 2/20/2026 | Yes | 12 | 61 | None | |
| VST | Vistra Corp | Options Chain | 4.60 | 5.05 | 1.35 | 5.00 | 0.27 | 0.47 | 108 | 71 | -0.26 | -0.12 | 169.96 | 155.00 | 2/20/2026 | No | 8 | 58 | None | |
| GM | General Motors Company | Options Chain | 1.98 | 2.22 | 0.67 | 2.50 | 0.27 | 0.37 | 16 | 38 | -0.29 | -0.05 | 83.18 | 77.50 | 2/20/2026 | Yes | 8 | 60 | None | |
| AIG | American International Group Inc | Options Chain | 1.45 | 1.65 | 0.67 | 2.50 | 0.27 | 0.29 | 94 | 142 | -0.30 | -0.04 | 85.64 | 75.00 | 2/20/2026 | Yes | 12 | 73 | None | |
| AU | AngloGold Ashanti Plc. | Options Chain | 2.55 | 3.50 | 1.33 | 5.00 | 0.27 | 0.53 | 120 | 115 | -0.27 | -0.07 | 88.47 | 85.00 | 2/20/2026 | Yes | 18 | 68 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 3.50 | 3.70 | 1.32 | 5.00 | 0.26 | 0.44 | 1943 | 2631 | -0.27 | -0.07 | 124.00 | 115.00 | 2/20/2026 | No | 17 | 62 | None | |
| HD | Home Depot Inc | Options Chain | 4.60 | 5.90 | 1.32 | 5.00 | 0.26 | 0.24 | 37 | 112 | -0.28 | -0.13 | 344.06 | 335.00 | 2/20/2026 | No | 8 | 60 | None | |
| WSM | Williams-Sonoma Inc | Options Chain | 4.30 | 6.10 | 1.30 | 5.00 | 0.26 | 0.38 | 10 | 10 | -0.30 | -0.11 | 190.81 | 185.00 | 2/20/2026 | No | 15 | 64 | None | |
| DKS | Dicks Sporting Goods Inc | Options Chain | 4.50 | 5.20 | 1.25 | 5.00 | 0.25 | 0.40 | 15 | 19 | -0.25 | -0.12 | 209.40 | 200.00 | 2/20/2026 | No | 12 | 70 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.70 | 12.60 | 1.25 | 5.00 | 0.25 | 0.20 | 98 | 55 | -0.29 | -0.29 | 877.95 | 860.00 | 2/20/2026 | Yes | 14 | 60 | None | |
| HAL | Halliburton Company | Options Chain | 0.71 | 0.77 | 0.25 | 1.00 | 0.25 | 0.37 | 136 | 174 | -0.28 | -0.02 | 31.91 | 29.00 | 2/20/2026 | Yes | 7 | 56 | None | |
| HPQ | HP Inc | Options Chain | 0.51 | 0.58 | 0.25 | 1.00 | 0.25 | 0.35 | 234 | 8178 | -0.30 | -0.01 | 21.72 | 21.00 | 2/20/2026 | No | 9 | 38 | None | |
| PAAS | Pan American Silver Corp | Options Chain | 2.10 | 2.25 | 1.23 | 5.00 | 0.25 | 0.61 | 222 | 192 | -0.27 | -0.05 | 53.30 | 50.00 | 2/20/2026 | Yes | 19 | 60 | None | |
| NTR | Nutrien Ltd | Options Chain | 1.15 | 1.30 | 0.60 | 2.50 | 0.24 | 0.30 | 11 | 10554 | -0.27 | -0.03 | 62.99 | 57.50 | 2/20/2026 | Yes | 12 | 64 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.00 | 2.10 | 0.60 | 2.50 | 0.24 | 0.42 | 1519 | 94 | -0.28 | -0.04 | 71.92 | 67.50 | 2/20/2026 | Yes | 11 | 66 | None | |
| MDT | Medtronic Plc | Options Chain | 1.54 | 1.65 | 0.60 | 2.50 | 0.24 | 0.22 | 21 | 55 | -0.30 | -0.04 | 97.36 | 97.50 | 2/20/2026 | Yes | 12 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.48 | 0.53 | 0.24 | 1.00 | 0.24 | 0.22 | 157 | 182 | -0.20 | 0.00 | 40.23 | 38.00 | 2/20/2026 | Yes | 15 | 73 | None | |
| EQT | EQT Corp | Options Chain | 1.17 | 1.30 | 0.59 | 2.50 | 0.24 | 0.36 | 136 | 5 | -0.28 | -0.03 | 53.56 | 50.00 | 2/20/2026 | Yes | 12 | 69 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.80 | 4.10 | 1.17 | 5.00 | 0.23 | 0.37 | 69 | 158 | -0.26 | -0.10 | 176.50 | 170.00 | 2/20/2026 | Yes | 9 | 64 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 3.50 | 4.00 | 1.17 | 5.00 | 0.23 | 0.35 | 20 | 31 | -0.28 | -0.08 | 175.01 | 160.00 | 2/20/2026 | Yes | 9 | 63 | None | |
| STM | ST Microelectronics | Options Chain | 0.65 | 1.00 | 0.23 | 1.00 | 0.23 | 0.46 | 6 | 5 | -0.27 | -0.02 | 27.55 | 27.00 | 2/20/2026 | Yes | 13 | 48 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.80 | 4.10 | 1.15 | 5.00 | 0.23 | 0.45 | 293 | 43 | -0.27 | -0.10 | 138.00 | 130.00 | 2/20/2026 | Yes | 9 | 58 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 5.10 | 5.25 | 1.13 | 5.00 | 0.23 | 0.25 | 157 | 188 | -0.27 | -0.13 | 334.08 | 320.00 | 2/20/2026 | Yes | 10 | 70 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.85 | 0.98 | 0.22 | 1.00 | 0.22 | 0.42 | 2196 | 54 | -0.19 | -0.03 | 54.50 | 50.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| T | AT&T Inc | Options Chain | 0.36 | 0.40 | 0.22 | 1.00 | 0.22 | 0.25 | 571 | 532 | -0.25 | -0.01 | 24.62 | 23.00 | 2/20/2026 | Yes | 10 | 57 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.25 | 1.50 | 0.53 | 2.50 | 0.21 | 0.40 | 34 | 10 | -0.28 | -0.03 | 53.80 | 50.00 | 2/20/2026 | Yes | 13 | 63 | None | |
| BXP | Boston Properties Inc | Options Chain | 1.10 | 1.75 | 0.53 | 2.50 | 0.21 | 0.29 | 3 | 4233 | -0.30 | -0.03 | 66.90 | 65.00 | 2/20/2026 | Yes | 8 | 67 | None | |
| C | Citigroup Inc | Options Chain | 2.29 | 2.36 | 1.04 | 5.00 | 0.21 | 0.32 | 129 | 346 | -0.27 | -0.05 | 123.95 | 115.00 | 2/20/2026 | Yes | 14 | 77 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.90 | 8.95 | 1.03 | 5.00 | 0.21 | 0.28 | 451 | 588 | -0.27 | -0.20 | 472.58 | 455.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.34 | 1.48 | 0.48 | 2.50 | 0.19 | 0.29 | 129 | 136 | -0.23 | -0.04 | 96.16 | 90.00 | 2/20/2026 | Yes | 11 | 74 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.98 | 1.02 | 0.48 | 2.50 | 0.19 | 0.26 | 293 | 620 | -0.29 | -0.02 | 56.89 | 55.00 | 2/20/2026 | Yes | 10 | 64 | None | |
| AA | Alcoa Corp | Options Chain | 1.66 | 1.89 | 0.95 | 5.00 | 0.19 | 0.61 | 415 | 35 | -0.21 | -0.05 | 60.60 | 55.00 | 2/20/2026 | Yes | 14 | 62 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.32 | 0.19 | 1.00 | 0.19 | 0.33 | 100747 | 1119 | -0.29 | -0.01 | 13.46 | 13.00 | 2/20/2026 | Yes | 15 | 59 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.25 | 2.50 | 0.93 | 5.00 | 0.19 | 0.31 | 51 | 3 | -0.24 | -0.07 | 147.01 | 135.00 | 2/20/2026 | No | 11 | 71 | None | |
| ADI | Analog Devices Inc | Options Chain | 4.70 | 5.10 | 1.85 | 10.00 | 0.18 | 0.35 | 102 | 44 | -0.22 | -0.14 | 277.87 | 270.00 | 2/20/2026 | Yes | 12 | 65 | None | |
| FDX | Fedex Corp | Options Chain | 4.00 | 4.30 | 1.83 | 10.00 | 0.18 | 0.27 | 225 | 128 | -0.23 | -0.13 | 297.46 | 290.00 | 2/20/2026 | No | 12 | 71 | None | |
| SYY | Sysco Corp | Options Chain | 0.95 | 1.15 | 0.45 | 2.50 | 0.18 | 0.24 | 144 | 5 | -0.28 | -0.03 | 72.79 | 70.00 | 2/20/2026 | Yes | 12 | 62 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.97 | 2.18 | 0.86 | 5.00 | 0.17 | 0.22 | 50 | 33 | -0.22 | -0.08 | 205.00 | 195.00 | 2/20/2026 | Yes | 9 | 66 | None | |
| PPL | PPL Corp | Options Chain | 0.35 | 0.55 | 0.17 | 1.00 | 0.17 | 0.19 | 19 | 0 | -0.29 | -0.01 | 34.50 | 34.00 | 2/20/2026 | Yes | 7 | 60 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.90 | 0.97 | 0.42 | 2.50 | 0.17 | 0.29 | 432 | 248 | -0.21 | -0.03 | 75.48 | 70.00 | 2/20/2026 | Yes | 7 | 60 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.20 | 1.30 | 0.42 | 2.50 | 0.17 | 0.29 | 30 | 23 | -0.24 | -0.04 | 83.31 | 80.00 | 2/20/2026 | Yes | 12 | 75 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.55 | 1.61 | 0.82 | 5.00 | 0.16 | 0.24 | 258 | 345 | -0.27 | -0.04 | 125.62 | 115.00 | 2/20/2026 | Yes | 10 | 74 | None | |
| SLB | SLB | Options Chain | 0.67 | 0.73 | 0.40 | 2.50 | 0.16 | 0.35 | 498 | 101 | -0.22 | -0.02 | 44.00 | 40.00 | 2/20/2026 | Yes | 8 | 52 | None |