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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LLY | Lilly(Eli) & Company | Options Chain | 28.20 | 31.40 | 4.32 | 10.00 | 0.43 | 0.39 | 22 | 30 | -0.29 | -0.64 | 1,067.14 | 1,040.00 | 2/20/2026 | Yes | 10 | 63 | None | |
| LRCX | Lam Research Corp | Options Chain | 7.35 | 7.75 | 1.50 | 5.00 | 0.30 | 0.57 | 76 | 51 | -0.27 | -0.17 | 207.72 | 185.00 | 2/20/2026 | Yes | 11 | 58 | None | |
| IBM | International Business Machines Corp | Options Chain | 6.80 | 7.35 | 1.50 | 5.00 | 0.30 | 0.35 | 33 | 26 | -0.29 | -0.14 | 302.02 | 280.00 | 2/20/2026 | Yes | 9 | 63 | None | |
| NVT | nVent Electric plc | Options Chain | 2.30 | 4.00 | 0.75 | 2.50 | 0.30 | 0.42 | 6 | 2 | -0.30 | -0.08 | 111.90 | 100.00 | 2/20/2026 | Yes | 9 | 61 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.45 | 2.85 | 0.30 | 1.00 | 0.30 | 0.72 | 8 | 4 | -0.29 | -0.05 | 51.59 | 47.00 | 2/20/2026 | Yes | 14 | 52 | None | |
| WSM | Williams-Sonoma Inc | Options Chain | 4.30 | 5.10 | 1.47 | 5.00 | 0.29 | 0.38 | 7 | 2 | -0.28 | -0.11 | 197.80 | 180.00 | 2/20/2026 | No | 15 | 64 | None | |
| ORCL | Oracle Corp | Options Chain | 6.05 | 6.25 | 1.47 | 5.00 | 0.29 | 0.46 | 150 | 85 | -0.29 | -0.13 | 193.47 | 180.00 | 2/20/2026 | No | 10 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.10 | 10.30 | 1.47 | 5.00 | 0.29 | 0.28 | 505 | 760 | -0.30 | -0.21 | 478.51 | 465.00 | 2/20/2026 | Yes | 14 | 70 | None | |
| CAT | Caterpillar Inc | Options Chain | 15.30 | 15.80 | 2.87 | 10.00 | 0.29 | 0.39 | 255 | 54 | -0.29 | -0.32 | 624.99 | 560.00 | 2/20/2026 | Yes | 11 | 66 | None | |
| STZ | Constellation Brands Inc - Class A | Options Chain | 2.30 | 2.85 | 1.40 | 5.00 | 0.28 | 0.34 | 50 | 333 | -0.26 | -0.06 | 144.35 | 130.00 | 2/20/2026 | Yes | 6 | 61 | None | |
| AMGN | AMGEN Inc | Options Chain | 6.50 | 7.35 | 1.40 | 5.00 | 0.28 | 0.30 | 11 | 21 | -0.30 | -0.14 | 331.61 | 325.00 | 2/20/2026 | Yes | 9 | 66 | None | |
| APH | Amphenol Corp - Class A | Options Chain | 4.60 | 4.80 | 1.40 | 5.00 | 0.28 | 0.47 | 64 | 54 | -0.30 | -0.10 | 141.38 | 130.00 | 2/20/2026 | Yes | 12 | 60 | None | |
| GM | General Motors Company | Options Chain | 2.11 | 2.27 | 0.69 | 2.50 | 0.28 | 0.38 | 34 | 56 | -0.30 | -0.05 | 82.18 | 77.50 | 2/20/2026 | Yes | 8 | 60 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.90 | 10.10 | 2.72 | 10.00 | 0.27 | 0.44 | 1184 | 509 | -0.28 | -0.22 | 344.47 | 320.00 | 2/20/2026 | No | 12 | 67 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.45 | 12.40 | 1.35 | 5.00 | 0.27 | 0.22 | 55 | 23 | -0.28 | -0.31 | 889.43 | 850.00 | 2/20/2026 | Yes | 14 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 4.45 | 4.80 | 1.35 | 5.00 | 0.27 | 0.38 | 204 | 59 | -0.28 | -0.10 | 182.45 | 170.00 | 2/20/2026 | Yes | 10 | 64 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.75 | 8.20 | 2.65 | 10.00 | 0.27 | 0.38 | 837 | 391 | -0.28 | -0.19 | 327.91 | 300.00 | 2/20/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 5.65 | 6.35 | 1.30 | 5.00 | 0.26 | 0.25 | 1114 | 122 | -0.30 | -0.14 | 334.78 | 315.00 | 2/20/2026 | Yes | 10 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.90 | 8.30 | 2.55 | 10.00 | 0.26 | 0.38 | 711 | 481 | -0.27 | -0.20 | 348.99 | 320.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| NUE | Nucor Corp | Options Chain | 3.60 | 3.80 | 1.22 | 5.00 | 0.24 | 0.35 | 13 | 35 | -0.28 | -0.09 | 169.35 | 155.00 | 2/20/2026 | Yes | 10 | 60 | None | |
| AZN | Astrazeneca plc | Options Chain | 0.71 | 2.72 | 0.61 | 2.50 | 0.24 | 0.28 | 15 | 2 | -0.28 | -0.03 | 95.00 | 90.00 | 2/20/2026 | Yes | 11 | 68 | None | |
| LVS | Las Vegas Sands Corp | Options Chain | 1.56 | 1.66 | 0.61 | 2.50 | 0.24 | 0.40 | 18 | 79 | -0.28 | -0.03 | 63.51 | 57.50 | 2/20/2026 | Yes | 11 | 63 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.90 | 2.04 | 0.60 | 2.50 | 0.24 | 0.30 | 145 | 109 | -0.30 | -0.04 | 96.34 | 90.00 | 2/20/2026 | Yes | 11 | 74 | None | |
| HPQ | HP Inc | Options Chain | 0.52 | 0.56 | 0.24 | 1.00 | 0.24 | 0.37 | 988 | 37 | -0.30 | -0.01 | 22.20 | 20.00 | 2/20/2026 | No | 9 | 38 | None | |
| DELL | Dell Technologies Inc - Class C | Options Chain | 3.00 | 3.30 | 1.19 | 5.00 | 0.24 | 0.45 | 685 | 772 | -0.26 | -0.07 | 124.20 | 110.00 | 2/20/2026 | No | 16 | 62 | None | |
| VST | Vistra Corp | Options Chain | 4.05 | 4.30 | 1.18 | 5.00 | 0.24 | 0.50 | 129 | 4764 | -0.24 | -0.11 | 169.67 | 140.00 | 2/20/2026 | No | 8 | 58 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.55 | 0.57 | 0.23 | 1.00 | 0.23 | 0.22 | 893 | 143 | -0.20 | 0.00 | 40.32 | 38.00 | 2/20/2026 | Yes | 15 | 73 | None | |
| HD | Home Depot Inc | Options Chain | 4.75 | 5.35 | 1.15 | 5.00 | 0.23 | 0.24 | 38 | 121 | -0.26 | -0.14 | 349.29 | 335.00 | 2/20/2026 | No | 8 | 60 | None | |
| VLO | Valero Energy Corp | Options Chain | 3.85 | 4.05 | 1.14 | 5.00 | 0.23 | 0.38 | 30 | 40 | -0.25 | -0.08 | 178.99 | 170.00 | 2/20/2026 | Yes | 10 | 70 | None | |
| SLB | SLB | Options Chain | 0.94 | 0.99 | 0.55 | 2.50 | 0.22 | 0.34 | 772 | 612 | -0.29 | -0.02 | 43.70 | 40.00 | 2/20/2026 | Yes | 8 | 54 | None | |
| ALLY | Ally Financial Inc | Options Chain | 0.75 | 1.05 | 0.22 | 1.00 | 0.22 | 0.36 | 54 | 12 | -0.26 | -0.02 | 47.31 | 43.00 | 2/20/2026 | Yes | 9 | 65 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.45 | 0.22 | 1.00 | 0.22 | 0.36 | 364 | 68 | -0.29 | -0.01 | 16.33 | 15.00 | 2/20/2026 | Yes | 11 | 49 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.72 | 2.99 | 1.07 | 5.00 | 0.21 | 0.22 | 172 | 65 | -0.29 | -0.07 | 204.53 | 200.00 | 2/20/2026 | Yes | 9 | 66 | None | |
| MPC | Marathon Petroleum Corp | Options Chain | 3.00 | 3.40 | 1.05 | 5.00 | 0.21 | 0.35 | 17 | 11 | -0.25 | -0.08 | 170.45 | 160.00 | 2/20/2026 | Yes | 9 | 63 | None | |
| COP | Conoco Phillips | Options Chain | 1.46 | 1.57 | 0.52 | 2.50 | 0.21 | 0.31 | 236 | 54 | -0.24 | -0.03 | 97.45 | 87.50 | 2/20/2026 | Yes | 9 | 68 | None | |
| ZTS | Zoetis Inc - Class A | Options Chain | 1.90 | 2.15 | 1.03 | 5.00 | 0.21 | 0.36 | 79 | 34 | -0.22 | -0.05 | 129.51 | 115.00 | 2/20/2026 | Yes | 11 | 55 | None | |
| RTX | RTX Corp | Options Chain | 3.10 | 3.70 | 1.03 | 5.00 | 0.21 | 0.31 | 55 | 43 | -0.26 | -0.08 | 190.72 | 175.00 | 2/20/2026 | Yes | 13 | 64 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.50 | 1.75 | 0.51 | 2.50 | 0.20 | 0.45 | 74 | 20 | -0.23 | -0.04 | 72.38 | 65.00 | 2/20/2026 | Yes | 11 | 66 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.70 | 0.79 | 0.50 | 2.50 | 0.20 | 0.34 | 527 | 105 | -0.28 | -0.02 | 36.00 | 32.50 | 2/20/2026 | Yes | 9 | 67 | None | |
| HAL | Halliburton Company | Options Chain | 0.56 | 0.62 | 0.20 | 1.00 | 0.20 | 0.37 | 128 | 84 | -0.23 | -0.02 | 30.81 | 28.00 | 2/20/2026 | Yes | 7 | 56 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.88 | 0.98 | 0.48 | 2.50 | 0.19 | 0.27 | 40 | 11 | -0.28 | -0.02 | 56.08 | 52.50 | 2/20/2026 | Yes | 13 | 65 | None | |
| CCK | Crown Holdings Inc | Options Chain | 1.60 | 2.00 | 0.95 | 5.00 | 0.19 | 0.31 | 0 | 6539 | -0.28 | -0.06 | 104.00 | 95.00 | 2/20/2026 | Yes | 13 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 0.98 | 1.03 | 0.19 | 1.00 | 0.19 | 0.41 | 16817 | 8 | -0.21 | -0.03 | 56.23 | 50.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.92 | 3.35 | 0.92 | 5.00 | 0.18 | 0.30 | 9 | 8 | -0.24 | -0.09 | 198.60 | 185.00 | 2/20/2026 | Yes | 12 | 75 | None | |
| EBAY | EBay Inc | Options Chain | 1.33 | 1.97 | 0.46 | 2.50 | 0.18 | 0.31 | 0 | 15 | -0.27 | -0.05 | 91.50 | 85.00 | 2/20/2026 | No | 9 | 66 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 1.90 | 2.20 | 0.90 | 5.00 | 0.18 | 0.32 | 53 | 23 | -0.22 | -0.06 | 144.47 | 130.00 | 2/20/2026 | No | 11 | 71 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.35 | 0.50 | 0.18 | 1.00 | 0.18 | 0.32 | 63 | 0 | -0.24 | -0.01 | 24.67 | 23.00 | 2/20/2026 | Yes | 13 | 68 | None | |
| CTRA | Coterra Energy Inc | Options Chain | 0.30 | 0.55 | 0.18 | 1.00 | 0.18 | 0.28 | 25 | 0 | -0.27 | -0.01 | 24.90 | 24.00 | 2/20/2026 | No | 11 | 60 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.61 | 0.64 | 0.44 | 2.50 | 0.18 | 0.29 | 330 | 132 | -0.20 | -0.02 | 54.60 | 52.50 | 2/20/2026 | Yes | 12 | 64 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.45 | 0.50 | 0.17 | 1.00 | 0.17 | 0.37 | 1001 | 64 | -0.25 | -0.01 | 23.80 | 21.00 | 2/20/2026 | No | 8 | 52 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.48 | 1.60 | 0.85 | 5.00 | 0.17 | 0.24 | 186 | 106 | -0.22 | -0.03 | 140.00 | 130.00 | 2/20/2026 | Yes | 12 | 64 | None | |
| TGT | Target Corp | Options Chain | 1.49 | 1.64 | 0.84 | 5.00 | 0.17 | 0.34 | 155 | 58 | -0.22 | -0.04 | 104.41 | 95.00 | 2/20/2026 | No | 12 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 0.63 | 0.65 | 0.42 | 2.50 | 0.17 | 0.21 | 246 | 23 | -0.24 | -0.02 | 55.25 | 52.50 | 2/20/2026 | Yes | 13 | 69 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 0.98 | 1.10 | 0.40 | 2.50 | 0.16 | 0.29 | 3229 | 25 | -0.23 | -0.03 | 75.26 | 70.00 | 2/20/2026 | Yes | 7 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 0.64 | 0.67 | 0.40 | 2.50 | 0.16 | 0.19 | 644 | 190 | -0.24 | -0.02 | 67.99 | 65.00 | 2/20/2026 | Yes | 7 | 63 | None | |
| DOW | Dow Inc | Options Chain | 0.70 | 0.73 | 0.40 | 2.50 | 0.16 | 0.50 | 304 | 854 | -0.26 | -0.02 | 25.64 | 22.50 | 2/20/2026 | Yes | 11 | 51 | None | |
| WMT | Walmart Inc | Options Chain | 1.49 | 1.56 | 0.75 | 5.00 | 0.15 | 0.30 | 596 | 107 | -0.22 | -0.05 | 114.43 | 105.00 | 2/20/2026 | Yes | 9 | 59 | None | |
| ING | ING Groep N.V. | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.30 | 8 | 0 | -0.23 | -0.01 | 28.62 | 26.00 | 2/20/2026 | Yes | 8 | 59 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.40 | 0.65 | 0.15 | 1.00 | 0.15 | 0.39 | 0 | 1 | -0.23 | -0.01 | 28.32 | 25.00 | 2/20/2026 | Yes | 15 | 61 | None | |
| PPL | PPL Corp | Options Chain | 0.30 | 0.70 | 0.15 | 1.00 | 0.15 | 0.25 | 30 | 0 | -0.25 | -0.01 | 34.89 | 33.00 | 2/20/2026 | Yes | 7 | 60 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.45 | 0.15 | 1.00 | 0.15 | 0.36 | 45 | 10 | -0.27 | -0.01 | 18.09 | 17.00 | 2/20/2026 | Yes | 15 | 58 | None | |
| HST | Host Hotels & Resorts Inc | Options Chain | 0.25 | 0.40 | 0.15 | 1.00 | 0.15 | 0.31 | 0 | 30 | -0.27 | -0.01 | 18.26 | 16.85 | 2/20/2026 | Yes | 12 | 58 | None |