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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | Cisco Systems Inc | Options Chain | 1.13 | 1.45 | 0.56 | 1.00 | 0.56 | 0.29 | 1 | 7 | -0.27 | -0.03 | 73.92 | 70.00 | 2/27/2026 | No | 10 | 65 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.39 | 0.79 | 0.22 | 0.50 | 0.44 | 0.42 | 0 | 2 | -0.27 | -0.01 | 22.22 | 20.50 | 2/27/2026 | No | 8 | 52 | None | |
| VST | Vistra Corp | Options Chain | 6.20 | 7.95 | 1.80 | 5.00 | 0.36 | 0.54 | 2 | 31 | -0.30 | -0.14 | 167.41 | 160.00 | 2/27/2026 | No | 7 | 56 | None | |
| AXP | American Express Company | Options Chain | 6.60 | 8.65 | 1.70 | 5.00 | 0.34 | 0.33 | 23 | 9 | -0.27 | -0.18 | 375.95 | 340.00 | 2/27/2026 | No | 13 | 70 | None | |
| V | Visa Inc - Class A | Options Chain | 4.30 | 6.65 | 1.68 | 5.00 | 0.34 | 0.23 | 23 | 9 | -0.30 | -0.12 | 350.14 | 330.00 | 2/27/2026 | No | 10 | 69 | None | |
| AZN | Astrazeneca plc | Options Chain | 0.65 | 2.04 | 0.81 | 2.50 | 0.32 | 0.30 | 0 | 3 | -0.23 | -0.03 | 94.65 | 87.50 | 2/20/2026 | No | 11 | 67 | None | |
| AVGO | Broadcom Inc | Options Chain | 11.00 | 11.70 | 1.50 | 5.00 | 0.30 | 0.44 | 42 | 33 | -0.30 | -0.23 | 344.79 | 330.00 | 2/27/2026 | No | 12 | 67 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.57 | 2.20 | 0.30 | 1.00 | 0.30 | 0.43 | 12 | 5 | -0.30 | -0.04 | 56.64 | 55.00 | 2/27/2026 | No | 11 | 57 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.88 | 1.20 | 0.28 | 1.00 | 0.28 | 0.29 | 11 | 0 | -0.28 | -0.03 | 56.01 | 53.00 | 2/27/2026 | No | 13 | 60 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.55 | 0.28 | 1.00 | 0.28 | 0.28 | 17 | 2 | -0.28 | -0.01 | 28.50 | 27.00 | 2/20/2026 | No | 13 | 70 | None | |
| COP | Conoco Phillips | Options Chain | 1.68 | 2.31 | 0.28 | 1.00 | 0.28 | 0.31 | 4 | 1 | -0.29 | -0.04 | 97.51 | 90.00 | 2/27/2026 | No | 7 | 59 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.98 | 1.17 | 0.28 | 1.00 | 0.28 | 0.27 | 20 | 1 | -0.30 | -0.02 | 55.90 | 53.00 | 2/27/2026 | No | 12 | 74 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.82 | 2.04 | 0.27 | 1.00 | 0.27 | 0.41 | 2 | 5 | -0.29 | -0.04 | 72.31 | 66.00 | 2/27/2026 | No | 11 | 66 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.60 | 9.15 | 1.30 | 5.00 | 0.26 | 0.39 | 21 | 28 | -0.27 | -0.20 | 331.77 | 310.00 | 2/27/2026 | No | 22 | 67 |
Dividend Stock List |
|
| COF | Capital One Financial Corp | Options Chain | 5.40 | 6.40 | 1.30 | 5.00 | 0.26 | 0.36 | 16 | 32 | -0.29 | -0.11 | 249.87 | 220.00 | 2/27/2026 | No | 9 | 68 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.70 | 1.00 | 0.26 | 1.00 | 0.26 | 0.33 | 7 | 6 | -0.26 | -0.02 | 42.72 | 40.00 | 2/27/2026 | No | 7 | 53 | None | |
| INTU | Intuit Inc | Options Chain | 11.90 | 19.00 | 2.55 | 10.00 | 0.26 | 0.36 | 2 | 2 | -0.29 | -0.36 | 649.00 | 600.00 | 2/27/2026 | No | 13 | 64 | None | |
| HD | Home Depot Inc | Options Chain | 5.40 | 7.10 | 1.25 | 5.00 | 0.25 | 0.28 | 2 | 2 | -0.26 | -0.15 | 374.75 | 355.00 | 2/27/2026 | No | 6 | 53 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.10 | 4.30 | 1.25 | 5.00 | 0.25 | 0.46 | 153 | 208 | -0.28 | -0.11 | 140.05 | 135.00 | 2/20/2026 | No | 12 | 60 | None | |
| STM | ST Microelectronics | Options Chain | 0.80 | 0.90 | 0.25 | 1.00 | 0.25 | 0.51 | 21 | 6 | -0.26 | -0.02 | 28.97 | 26.00 | 2/20/2026 | No | 11 | 46 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.90 | 6.25 | 1.22 | 5.00 | 0.24 | 0.25 | 20 | 12 | -0.28 | -0.15 | 329.65 | 310.00 | 2/27/2026 | No | 11 | 78 | None | |
| CLX | Clorox Company | Options Chain | 2.05 | 2.50 | 1.20 | 5.00 | 0.24 | 0.35 | 319 | 190 | -0.27 | -0.04 | 106.19 | 100.00 | 2/20/2026 | No | 13 | 53 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 3.40 | 3.80 | 1.20 | 5.00 | 0.24 | 0.35 | 15 | 10 | -0.28 | -0.09 | 175.54 | 165.00 | 2/20/2026 | No | 12 | 71 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.20 | 5.15 | 1.20 | 5.00 | 0.24 | 0.36 | 25 | 28 | -0.29 | -0.10 | 178.00 | 160.00 | 2/27/2026 | No | 10 | 64 | None | |
| BWA | BorgWarner Inc | Options Chain | 0.80 | 1.65 | 0.60 | 2.50 | 0.24 | 0.42 | 2 | 12 | -0.27 | -0.02 | 47.67 | 45.00 | 2/20/2026 | No | 10 | 54 | None | |
| SYF | Synchrony Financial | Options Chain | 1.65 | 2.15 | 0.60 | 2.50 | 0.24 | 0.38 | 61 | 101 | -0.29 | -0.05 | 79.63 | 75.00 | 2/20/2026 | No | 12 | 62 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.40 | 0.60 | 0.12 | 0.50 | 0.24 | 0.31 | 0 | 6 | -0.28 | -0.01 | 24.47 | 23.00 | 2/27/2026 | No | 13 | 68 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.75 | 3.10 | 1.18 | 5.00 | 0.24 | 0.33 | 7 | 4 | -0.28 | -0.08 | 147.95 | 140.00 | 2/20/2026 | No | 13 | 81 | None | |
| ORCL | Oracle Corp | Options Chain | 5.55 | 7.35 | 1.17 | 5.00 | 0.23 | 0.46 | 28 | 109 | -0.29 | -0.14 | 204.68 | 190.00 | 2/27/2026 | No | 10 | 65 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.70 | 0.95 | 0.23 | 1.00 | 0.23 | 0.38 | 11 | 182 | -0.25 | -0.02 | 46.00 | 41.00 | 2/20/2026 | No | 11 | 70 | None | |
| BCS | Barclays plc | Options Chain | 0.50 | 0.65 | 0.23 | 1.00 | 0.23 | 0.38 | 1 | 2 | -0.27 | -0.02 | 25.96 | 24.00 | 2/20/2026 | No | 14 | 47 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.95 | 2.50 | 1.13 | 5.00 | 0.23 | 0.35 | 12 | 11 | -0.26 | -0.06 | 111.69 | 105.00 | 2/20/2026 | No | 9 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 7.75 | 10.05 | 1.10 | 5.00 | 0.22 | 0.28 | 19 | 16 | -0.28 | -0.21 | 477.18 | 455.00 | 2/27/2026 | No | 14 | 70 | None | |
| ACN | Accenture plc - Class A | Options Chain | 3.60 | 5.30 | 1.07 | 5.00 | 0.21 | 0.28 | 3 | 0 | -0.25 | -0.09 | 282.00 | 265.00 | 2/27/2026 | No | 16 | 72 | None | |
| SCCO | Southern Copper Corporation | Options Chain | 2.70 | 4.20 | 1.05 | 5.00 | 0.21 | 0.43 | 22 | 30 | -0.24 | -0.10 | 176.00 | 160.00 | 2/20/2026 | No | 12 | 63 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.65 | 8.35 | 1.05 | 5.00 | 0.21 | 0.36 | 1 | 0 | -0.27 | -0.14 | 304.40 | 290.00 | 2/27/2026 | No | 9 | 63 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.64 | 0.88 | 0.21 | 1.00 | 0.21 | 0.38 | 0 | 1 | -0.24 | -0.02 | 35.82 | 33.00 | 2/27/2026 | No | 10 | 67 | None | |
| SLB | SLB | Options Chain | 0.75 | 0.90 | 0.21 | 1.00 | 0.21 | 0.32 | 5 | 77 | -0.25 | -0.02 | 45.15 | 42.00 | 2/27/2026 | No | 11 | 60 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.34 | 3.70 | 1.02 | 5.00 | 0.20 | 0.24 | 5 | 1 | -0.27 | -0.07 | 204.98 | 200.00 | 2/27/2026 | No | 11 | 76 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.15 | 0.35 | 0.20 | 1.00 | 0.20 | 0.36 | 53 | 0 | -0.23 | -0.01 | 14.01 | 13.00 | 2/20/2026 | No | 11 | 66 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.50 | 0.80 | 0.20 | 1.00 | 0.20 | 0.38 | 5 | 3 | -0.28 | -0.01 | 28.57 | 27.00 | 2/20/2026 | No | 12 | 54 | None | |
| T | AT&T Inc | Options Chain | 0.28 | 0.45 | 0.10 | 0.50 | 0.20 | 0.27 | 4 | 5 | -0.25 | -0.01 | 23.74 | 22.50 | 2/27/2026 | No | 10 | 59 | None | |
| F | Ford Motor Company | Options Chain | 0.25 | 0.31 | 0.10 | 0.50 | 0.20 | 0.34 | 18 | 18 | -0.26 | -0.01 | 14.21 | 13.00 | 2/27/2026 | No | 16 | 58 | None | |
| BK | Bank Of New York Mellon Corp | Options Chain | 1.50 | 2.00 | 0.97 | 5.00 | 0.19 | 0.26 | 57 | 65 | -0.27 | -0.04 | 120.00 | 115.00 | 2/20/2026 | No | 15 | 74 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.15 | 1.25 | 0.45 | 2.50 | 0.18 | 0.32 | 46 | 91 | -0.23 | -0.04 | 82.88 | 77.50 | 2/20/2026 | No | 12 | 74 | None | |
| KO | Coca-Cola Company | Options Chain | 0.54 | 0.80 | 0.18 | 1.00 | 0.18 | 0.17 | 33 | 8 | -0.25 | -0.02 | 70.50 | 68.00 | 2/27/2026 | No | 9 | 70 | None | |
| MO | Altria Group Inc | Options Chain | 0.56 | 0.85 | 0.18 | 1.00 | 0.18 | 0.22 | 8 | 32 | -0.25 | -0.02 | 58.54 | 56.00 | 2/27/2026 | No | 9 | 60 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.00 | 0.65 | 0.17 | 1.00 | 0.17 | 0.22 | 0 | 3 | -0.21 | 0.00 | 32.17 | 31.00 | 2/27/2026 | No | 11 | 67 | None | |
| TGT | Target Corp | Options Chain | 2.24 | 2.78 | 0.17 | 1.00 | 0.17 | 0.34 | 3 | 0 | -0.30 | -0.05 | 106.14 | 100.00 | 2/27/2026 | No | 12 | 66 | None | |
| RTX | RTX Corp | Options Chain | 1.07 | 3.80 | 0.82 | 5.00 | 0.16 | 0.28 | 3 | 0 | -0.24 | -0.08 | 193.85 | 180.00 | 2/27/2026 | No | 13 | 64 | None | |
| TFC | Truist Financial Corporation | Options Chain | 0.69 | 0.86 | 0.41 | 2.50 | 0.16 | 0.27 | 28 | 112 | -0.27 | -0.02 | 50.14 | 47.50 | 2/20/2026 | No | 15 | 76 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.80 | 0.95 | 0.40 | 2.50 | 0.16 | 0.33 | 27 | 29 | -0.22 | -0.02 | 61.94 | 57.50 | 2/20/2026 | No | 12 | 55 | None | |
| EIX | Edison International | Options Chain | 0.50 | 1.25 | 0.38 | 2.50 | 0.15 | 0.23 | 79 | 73 | -0.28 | -0.03 | 60.84 | 57.50 | 2/20/2026 | No | 14 | 75 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.30 | 0.50 | 0.15 | 1.00 | 0.15 | 0.34 | 1 | 0 | -0.23 | -0.01 | 24.75 | 23.00 | 2/27/2026 | No | 14 | 70 | None |