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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOW | Dow Inc | Options Chain | 0.58 | 0.87 | 0.30 | 0.50 | 0.60 | 0.46 | 13 | 5 | -0.29 | -0.02 | 28.29 | 25.50 | 2/27/2026 | Yes | 10 | 50 | None | |
| GS | Goldman Sachs Group Inc | Options Chain | 17.95 | 19.80 | 2.08 | 5.00 | 0.42 | 0.28 | 2 | 104 | -0.30 | -0.44 | 932.67 | 935.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.64 | 2.48 | 0.41 | 1.00 | 0.41 | 0.29 | 0 | 10 | -0.28 | -0.05 | 110.74 | 106.00 | 2/27/2026 | Yes | 15 | 74 | None | |
| AMAT | Applied Materials Inc | Options Chain | 9.90 | 11.95 | 2.03 | 5.00 | 0.41 | 0.51 | 5 | 13 | -0.28 | -0.22 | 302.23 | 295.00 | 2/27/2026 | Yes | 11 | 61 | None | |
| GLW | Corning Inc | Options Chain | 2.62 | 3.85 | 0.39 | 1.00 | 0.39 | 0.49 | 0 | 3 | -0.29 | -0.07 | 89.89 | 87.00 | 2/27/2026 | Yes | 9 | 56 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.46 | 2.00 | 0.37 | 1.00 | 0.37 | 0.44 | 1 | 6 | -0.28 | -0.04 | 60.35 | 56.00 | 2/27/2026 | Yes | 11 | 59 | None | |
| MA | Mastercard Incorporated - Class A | Options Chain | 7.05 | 12.05 | 1.75 | 5.00 | 0.35 | 0.27 | 6 | 17 | -0.28 | -0.23 | 545.08 | 520.00 | 2/27/2026 | Yes | 9 | 62 | None | |
| NVO | Novo Nordisk | Options Chain | 1.46 | 2.00 | 0.34 | 1.00 | 0.34 | 0.47 | 6 | 97 | -0.27 | -0.04 | 57.12 | 53.00 | 2/27/2026 | Yes | 14 | 60 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.85 | 1.05 | 0.33 | 1.00 | 0.33 | 0.33 | 2 | 1 | -0.29 | -0.02 | 44.39 | 41.00 | 2/27/2026 | Yes | 7 | 53 | None | |
| C | Citigroup Inc | Options Chain | 2.25 | 2.64 | 0.32 | 1.00 | 0.32 | 0.29 | 4 | 7 | -0.30 | -0.04 | 112.50 | 112.00 | 2/27/2026 | Yes | 15 | 78 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 3.60 | 5.10 | 1.56 | 5.00 | 0.31 | 0.34 | 13 | 0 | -0.29 | -0.09 | 190.66 | 180.00 | 2/27/2026 | Yes | 10 | 67 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.99 | 2.30 | 0.30 | 1.00 | 0.30 | 0.23 | 3 | 1 | -0.29 | -0.04 | 144.63 | 139.00 | 2/27/2026 | Yes | 12 | 71 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.10 | 9.25 | 1.45 | 5.00 | 0.29 | 0.38 | 59 | 6 | -0.29 | -0.20 | 338.96 | 320.00 | 2/27/2026 | Yes | 13 | 67 | None | |
| HD | Home Depot Inc | Options Chain | 5.90 | 8.45 | 1.45 | 5.00 | 0.29 | 0.27 | 3 | 13 | -0.30 | -0.17 | 375.95 | 365.00 | 2/27/2026 | Yes | 6 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.10 | 10.85 | 1.43 | 5.00 | 0.29 | 0.45 | 96 | 69 | -0.29 | -0.24 | 338.76 | 320.00 | 2/27/2026 | No | 13 | 67 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.20 | 9.50 | 1.42 | 5.00 | 0.28 | 0.31 | 128 | 119 | -0.29 | -0.22 | 459.66 | 435.00 | 2/27/2026 | Yes | 14 | 69 | None | |
| COP | Conoco Phillips | Options Chain | 1.69 | 2.08 | 0.28 | 1.00 | 0.28 | 0.32 | 0 | 17 | -0.27 | -0.04 | 100.34 | 93.00 | 2/27/2026 | Yes | 9 | 69 | None | |
| GM | General Motors Company | Options Chain | 1.76 | 2.27 | 0.28 | 1.00 | 0.28 | 0.39 | 0 | 5 | -0.28 | -0.05 | 81.23 | 76.00 | 2/27/2026 | Yes | 11 | 68 | None | |
| HPQ | HP Inc | Options Chain | 0.41 | 0.71 | 0.14 | 0.50 | 0.28 | 0.39 | 2 | 1 | -0.30 | -0.01 | 20.77 | 19.50 | 2/27/2026 | Yes | 9 | 40 | None | |
| VST | Vistra Corp | Options Chain | 5.55 | 7.45 | 1.40 | 5.00 | 0.28 | 0.55 | 2 | 20 | -0.28 | -0.15 | 168.44 | 165.00 | 2/27/2026 | Yes | 7 | 56 | None | |
| INTU | Intuit Inc | Options Chain | 10.70 | 19.00 | 2.75 | 10.00 | 0.28 | 0.40 | 27 | 6 | -0.29 | -0.35 | 566.60 | 520.00 | 2/27/2026 | Yes | 10 | 63 | None | |
| ORCL | Oracle Corp | Options Chain | 5.65 | 6.00 | 1.35 | 5.00 | 0.27 | 0.48 | 45 | 54 | -0.27 | -0.13 | 193.19 | 175.00 | 2/27/2026 | No | 7 | 61 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.15 | 7.80 | 1.35 | 5.00 | 0.27 | 0.36 | 149 | 111 | -0.27 | -0.19 | 341.64 | 320.00 | 2/27/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| STZ | Constellation Brands Inc - Class A | Options Chain | 2.25 | 2.75 | 0.27 | 1.00 | 0.27 | 0.28 | 1 | 0 | -0.26 | -0.05 | 158.75 | 150.00 | 2/27/2026 | No | 8 | 68 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.48 | 2.19 | 0.27 | 1.00 | 0.27 | 0.38 | 1 | 0 | -0.30 | -0.04 | 68.32 | 67.00 | 2/27/2026 | No | 10 | 57 | None | |
| T | AT&T Inc | Options Chain | 0.29 | 0.45 | 0.13 | 0.50 | 0.26 | 0.28 | 26 | 36 | -0.26 | -0.01 | 23.73 | 22.50 | 2/27/2026 | Yes | 14 | 69 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.50 | 0.93 | 0.25 | 1.00 | 0.25 | 0.36 | 1 | 3 | -0.24 | -0.02 | 37.92 | 34.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.87 | 1.30 | 0.25 | 1.00 | 0.25 | 0.29 | 0 | 24 | -0.28 | -0.03 | 57.02 | 54.00 | 2/27/2026 | Yes | 10 | 52 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.26 | 1.58 | 0.25 | 1.00 | 0.25 | 0.29 | 25 | 0 | -0.29 | -0.04 | 74.52 | 72.00 | 2/27/2026 | Yes | 9 | 65 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.44 | 3.90 | 1.23 | 5.00 | 0.25 | 0.24 | 1 | 2 | -0.28 | -0.07 | 218.55 | 210.00 | 2/27/2026 | Yes | 12 | 73 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.55 | 0.65 | 0.24 | 1.00 | 0.24 | 0.23 | 212 | 9 | -0.29 | -0.02 | 39.67 | 38.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.82 | 0.91 | 0.24 | 1.00 | 0.24 | 0.23 | 62 | 35 | -0.30 | -0.02 | 52.48 | 51.00 | 2/27/2026 | No | 9 | 65 | None | |
| MCD | McDonald`s Corp | Options Chain | 2.87 | 3.75 | 1.17 | 5.00 | 0.23 | 0.21 | 2 | 0 | -0.23 | -0.11 | 307.75 | 295.00 | 2/27/2026 | Yes | 8 | 59 | None | |
| AXP | American Express Company | Options Chain | 6.70 | 8.00 | 1.17 | 5.00 | 0.23 | 0.31 | 4 | 5 | -0.29 | -0.18 | 357.92 | 340.00 | 2/27/2026 | Yes | 12 | 70 | None | |
| SLB | SLB | Options Chain | 0.93 | 1.10 | 0.23 | 1.00 | 0.23 | 0.33 | 1 | 13 | -0.29 | -0.02 | 46.57 | 44.00 | 2/27/2026 | Yes | 12 | 60 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.45 | 0.70 | 0.23 | 1.00 | 0.23 | 0.34 | 24 | 66 | -0.30 | -0.01 | 24.12 | 23.00 | 2/27/2026 | Yes | 19 | 55 | None | |
| MS | Morgan Stanley | Options Chain | 2.39 | 3.35 | 1.13 | 5.00 | 0.23 | 0.28 | 2 | 117 | -0.25 | -0.07 | 180.89 | 180.00 | 2/27/2026 | Yes | 14 | 75 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.70 | 4.25 | 1.10 | 5.00 | 0.22 | 0.24 | 41 | 46 | -0.25 | -0.11 | 307.87 | 295.00 | 2/27/2026 | No | 9 | 79 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.36 | 1.62 | 0.22 | 1.00 | 0.22 | 0.26 | 12 | 5 | -0.29 | -0.03 | 89.00 | 85.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.32 | 0.11 | 0.50 | 0.22 | 0.32 | 14 | 4 | -0.28 | -0.01 | 13.84 | 13.00 | 2/27/2026 | Yes | 12 | 49 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.30 | 8.95 | 1.03 | 5.00 | 0.21 | 0.37 | 0 | 7 | -0.29 | -0.15 | 309.00 | 280.00 | 2/27/2026 | Yes | 9 | 63 | None | |
| MO | Altria Group Inc | Options Chain | 0.57 | 0.77 | 0.20 | 1.00 | 0.20 | 0.21 | 5 | 5 | -0.25 | -0.02 | 61.35 | 59.00 | 2/27/2026 | Yes | 9 | 60 | None | |
| COST | Costco Wholesale Corp | Options Chain | 10.55 | 15.35 | 0.97 | 5.00 | 0.19 | 0.21 | 17 | 4 | -0.29 | -0.32 | 949.00 | 925.00 | 2/27/2026 | No | 14 | 62 | None | |
| V | Visa Inc - Class A | Options Chain | 3.85 | 5.75 | 0.95 | 5.00 | 0.19 | 0.23 | 15 | 44 | -0.30 | -0.12 | 328.72 | 315.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| KO | Coca-Cola Company | Options Chain | 0.58 | 0.80 | 0.19 | 1.00 | 0.19 | 0.18 | 24 | 3 | -0.27 | -0.02 | 71.44 | 68.00 | 2/27/2026 | Yes | 9 | 70 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.25 | 3.60 | 0.81 | 5.00 | 0.16 | 0.38 | 17 | 10 | -0.26 | -0.10 | 161.39 | 150.00 | 2/27/2026 | Yes | 9 | 64 | None |