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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | Qualcomm Inc | Options Chain | 1.77 | 5.50 | 1.69 | 5.00 | 0.34 | 0.36 | 0 | 2 | -0.24 | -0.09 | 181.87 | 165.00 | 2/27/2026 | Yes | 12 | 68 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.35 | 1.93 | 0.33 | 1.00 | 0.33 | 0.43 | 1 | 1 | -0.28 | -0.03 | 54.25 | 52.00 | 2/27/2026 | Yes | 11 | 61 | None | |
| STM | ST Microelectronics | Options Chain | 1.05 | 1.10 | 0.33 | 1.00 | 0.33 | 0.49 | 1 | 10 | -0.30 | -0.02 | 28.04 | 27.00 | 2/20/2026 | Yes | 11 | 46 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.95 | 9.90 | 1.60 | 5.00 | 0.32 | 0.28 | 9 | 18 | -0.28 | -0.20 | 478.11 | 455.00 | 2/27/2026 | Yes | 14 | 70 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.95 | 11.85 | 1.60 | 5.00 | 0.32 | 0.43 | 19 | 4 | -0.30 | -0.22 | 331.95 | 325.00 | 2/27/2026 | No | 9 | 65 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.75 | 9.30 | 1.53 | 5.00 | 0.31 | 0.36 | 7 | 12 | -0.30 | -0.19 | 346.85 | 325.00 | 2/27/2026 | Yes | 12 | 67 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.52 | 0.72 | 0.29 | 1.00 | 0.29 | 0.38 | 2 | 0 | -0.25 | -0.01 | 28.21 | 26.00 | 2/27/2026 | Yes | 10 | 54 | None | |
| VST | Vistra Corp | Options Chain | 6.10 | 7.45 | 1.38 | 5.00 | 0.28 | 0.54 | 15 | 58 | -0.30 | -0.14 | 150.60 | 155.00 | 2/27/2026 | Yes | 7 | 56 | None | |
| AMAT | Applied Materials Inc | Options Chain | 9.15 | 11.80 | 1.35 | 5.00 | 0.27 | 0.49 | 1 | 6 | -0.29 | -0.19 | 281.90 | 275.00 | 2/27/2026 | Yes | 11 | 61 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.56 | 0.95 | 0.26 | 1.00 | 0.26 | 0.22 | 6 | 2 | -0.24 | 0.00 | 40.57 | 39.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| ORCL | Oracle Corp | Options Chain | 5.65 | 7.05 | 1.25 | 5.00 | 0.25 | 0.45 | 27 | 2 | -0.28 | -0.13 | 189.65 | 185.00 | 2/27/2026 | No | 10 | 65 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 3.00 | 3.40 | 1.25 | 5.00 | 0.25 | 0.32 | 85 | 5 | -0.29 | -0.08 | 150.52 | 140.00 | 2/20/2026 | No | 11 | 71 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 3.90 | 4.10 | 1.22 | 5.00 | 0.24 | 0.45 | 213 | 52 | -0.29 | -0.10 | 136.50 | 130.00 | 2/20/2026 | Yes | 9 | 58 | None | |
| CARR | Carrier Global Corp | Options Chain | 1.35 | 1.50 | 0.60 | 2.50 | 0.24 | 0.38 | 58 | 27 | -0.29 | -0.03 | 53.86 | 52.50 | 2/20/2026 | Yes | 12 | 63 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.55 | 1.80 | 0.60 | 2.50 | 0.24 | 0.31 | 184 | 127 | -0.30 | -0.04 | 84.19 | 77.50 | 2/20/2026 | Yes | 12 | 72 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.94 | 1.19 | 0.24 | 1.00 | 0.24 | 0.25 | 1 | 0 | -0.30 | -0.02 | 56.25 | 54.00 | 2/27/2026 | Yes | 12 | 73 | None | |
| AZN | Astrazeneca plc | Options Chain | 1.21 | 1.97 | 0.59 | 2.50 | 0.24 | 0.28 | 11 | 1 | -0.29 | -0.04 | 93.80 | 90.00 | 2/20/2026 | Yes | 11 | 67 | None | |
| EXC | Exelon Corp | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.20 | 2 | 2 | -0.30 | -0.02 | 43.66 | 42.00 | 2/20/2026 | Yes | 9 | 61 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 3.40 | 3.80 | 1.10 | 5.00 | 0.22 | 0.35 | 8 | 9 | -0.26 | -0.09 | 177.07 | 165.00 | 2/20/2026 | Yes | 10 | 63 | None | |
| BKR | Baker Hughes Co - Class A | Options Chain | 1.00 | 1.20 | 0.22 | 1.00 | 0.22 | 0.35 | 56 | 1 | -0.29 | -0.02 | 51.00 | 47.00 | 2/20/2026 | Yes | 13 | 66 | None | |
| HD | Home Depot Inc | Options Chain | 5.10 | 7.75 | 1.08 | 5.00 | 0.22 | 0.27 | 2 | 2 | -0.28 | -0.15 | 359.56 | 355.00 | 2/27/2026 | Yes | 6 | 53 | None | |
| TOL | Toll Brothers Inc | Options Chain | 2.60 | 3.30 | 1.07 | 5.00 | 0.21 | 0.37 | 197 | 18 | -0.26 | -0.09 | 135.56 | 135.00 | 2/20/2026 | Yes | 10 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 0.54 | 0.78 | 0.21 | 1.00 | 0.21 | 0.20 | 0 | 1 | -0.26 | -0.02 | 55.90 | 55.00 | 2/27/2026 | Yes | 9 | 62 | None | |
| A | Agilent Technologies Inc | Options Chain | 2.05 | 2.45 | 1.00 | 5.00 | 0.20 | 0.30 | 1 | 0 | -0.24 | -0.07 | 147.85 | 140.00 | 2/20/2026 | No | 11 | 56 | None | |
| KDP | Keurig Dr Pepper Inc | Options Chain | 0.35 | 0.50 | 0.20 | 1.00 | 0.20 | 0.23 | 37 | 0 | -0.29 | -0.01 | 27.61 | 27.00 | 2/20/2026 | No | 8 | 54 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.34 | 0.50 | 0.10 | 0.50 | 0.20 | 0.26 | 2 | 28 | -0.28 | -0.01 | 23.43 | 22.50 | 2/27/2026 | Yes | 6 | 57 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.61 | 0.97 | 0.19 | 1.00 | 0.19 | 0.32 | 1 | 0 | -0.24 | -0.02 | 43.23 | 40.00 | 2/27/2026 | Yes | 7 | 53 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.90 | 1.10 | 0.45 | 2.50 | 0.18 | 0.33 | 17 | 18 | -0.24 | -0.03 | 61.49 | 57.50 | 2/20/2026 | No | 14 | 55 | None | |
| KO | Coca-Cola Company | Options Chain | 0.61 | 0.98 | 0.18 | 1.00 | 0.18 | 0.18 | 12 | 2 | -0.27 | -0.02 | 69.37 | 68.00 | 2/27/2026 | Yes | 7 | 63 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.85 | 1.20 | 0.18 | 1.00 | 0.18 | 0.35 | 0 | 4 | -0.29 | -0.02 | 45.95 | 43.00 | 2/20/2026 | Yes | 9 | 70 | None | |
| NVO | Novo Nordisk | Options Chain | 1.35 | 2.35 | 0.18 | 1.00 | 0.18 | 0.43 | 0 | 5 | -0.30 | -0.04 | 57.34 | 55.00 | 2/27/2026 | Yes | 14 | 68 | None | |
| HPQ | HP Inc | Options Chain | 0.28 | 0.78 | 0.09 | 0.50 | 0.18 | 0.40 | 4 | 0 | -0.29 | -0.01 | 21.39 | 20.00 | 2/27/2026 | Yes | 11 | 47 | None | |
| RGLD | Royal Gold Inc | Options Chain | 4.70 | 6.00 | 1.77 | 10.00 | 0.18 | 0.38 | 4030 | 36 | -0.27 | -0.14 | 243.84 | 230.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| FNV | Franco-Nevada Corporation | Options Chain | 2.15 | 3.70 | 1.75 | 10.00 | 0.17 | 0.35 | 5252 | 618 | -0.20 | -0.13 | 225.52 | 210.00 | 2/20/2026 | No | 12 | 64 | None | |
| CFG | Citizens Financial Group Inc | Options Chain | 1.05 | 1.40 | 0.43 | 2.50 | 0.17 | 0.31 | 1122 | 0 | -0.29 | -0.03 | 61.23 | 57.50 | 2/20/2026 | Yes | 14 | 76 | None | |
| BCS | Barclays plc | Options Chain | 0.40 | 0.50 | 0.17 | 1.00 | 0.17 | 0.36 | 4 | 1 | -0.23 | -0.01 | 26.10 | 24.00 | 2/20/2026 | Yes | 15 | 56 | None | |
| F | Ford Motor Company | Options Chain | 0.23 | 0.27 | 0.08 | 0.50 | 0.16 | 0.34 | 206 | 3 | -0.23 | 0.00 | 14.39 | 13.00 | 2/27/2026 | Yes | 11 | 50 | None | |
| AEM | Agnico Eagle Mines Ltd | Options Chain | 3.20 | 6.60 | 0.75 | 5.00 | 0.15 | 0.41 | 11 | 1 | -0.27 | -0.11 | 186.49 | 175.00 | 2/27/2026 | No | 15 | 71 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.35 | 0.65 | 0.15 | 1.00 | 0.15 | 0.39 | 0 | 1 | -0.22 | -0.01 | 28.27 | 26.00 | 2/20/2026 | Yes | 16 | 62 | None | |
| FE | Firstenergy Corp | Options Chain | 0.45 | 0.60 | 0.15 | 1.00 | 0.15 | 0.19 | 54 | 1 | -0.27 | -0.01 | 44.69 | 43.00 | 2/20/2026 | No | 8 | 61 | None | |
| RF | Regions Financial Corp | Options Chain | 0.35 | 0.55 | 0.15 | 1.00 | 0.15 | 0.29 | 0 | 2 | -0.27 | -0.01 | 28.84 | 27.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| SLB | SLB | Options Chain | 0.65 | 1.02 | 0.15 | 1.00 | 0.15 | 0.32 | 24 | 82 | -0.28 | -0.02 | 44.43 | 42.00 | 2/27/2026 | Yes | 11 | 60 | None |