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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines Inc | Options Chain | 1.15 | 2.99 | 0.59 | 1.00 | 0.59 | 0.40 | 0 | 1 | -0.30 | -0.04 | 69.26 | 65.00 | 2/27/2026 | No | 12 | 66 | None | |
| WMT | Walmart Inc | Options Chain | 2.35 | 2.80 | 0.52 | 1.00 | 0.52 | 0.30 | 24 | 1 | -0.30 | -0.06 | 120.04 | 115.00 | 2/27/2026 | Yes | 9 | 57 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.57 | 2.25 | 0.47 | 1.00 | 0.47 | 0.46 | 0 | 21 | -0.29 | -0.04 | 59.63 | 56.00 | 2/27/2026 | Yes | 11 | 59 | None | |
| NEM | Newmont Corp | Options Chain | 3.55 | 4.45 | 0.45 | 1.00 | 0.45 | 0.49 | 20 | 17 | -0.29 | -0.08 | 114.03 | 106.00 | 2/27/2026 | Yes | 18 | 71 | None | |
| EQT | EQT Corp | Options Chain | 1.07 | 1.30 | 0.45 | 1.00 | 0.45 | 0.37 | 4 | 0 | -0.29 | -0.03 | 52.00 | 47.00 | 2/27/2026 | Yes | 12 | 69 | None | |
| MO | Altria Group Inc | Options Chain | 0.63 | 0.97 | 0.40 | 1.00 | 0.40 | 0.22 | 5 | 3 | -0.26 | -0.02 | 60.10 | 59.00 | 2/27/2026 | Yes | 9 | 60 | None | |
| ACN | Accenture plc - Class A | Options Chain | 4.50 | 7.40 | 1.85 | 5.00 | 0.37 | 0.30 | 2 | 6 | -0.28 | -0.13 | 276.27 | 275.00 | 2/27/2026 | No | 16 | 70 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 5.85 | 9.75 | 1.82 | 5.00 | 0.36 | 0.36 | 4 | 3 | -0.29 | -0.18 | 334.85 | 315.00 | 2/27/2026 | Yes | 13 | 67 | None | |
| SYY | Sysco Corp | Options Chain | 0.50 | 1.65 | 0.85 | 2.50 | 0.34 | 0.29 | 20 | 9 | -0.23 | -0.03 | 76.29 | 72.50 | 2/20/2026 | Yes | 8 | 54 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.75 | 9.60 | 1.55 | 5.00 | 0.31 | 0.31 | 68 | 136 | -0.28 | -0.22 | 469.96 | 435.00 | 2/27/2026 | Yes | 14 | 70 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.94 | 1.20 | 0.31 | 1.00 | 0.31 | 0.35 | 3 | 0 | -0.29 | -0.02 | 43.28 | 42.00 | 2/27/2026 | Yes | 7 | 53 | None | |
| ORCL | Oracle Corp | Options Chain | 6.40 | 6.75 | 1.48 | 5.00 | 0.30 | 0.49 | 49 | 41 | -0.29 | -0.14 | 202.10 | 180.00 | 2/27/2026 | No | 7 | 61 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.20 | 10.90 | 1.42 | 5.00 | 0.28 | 0.47 | 63 | 109 | -0.28 | -0.24 | 355.04 | 315.00 | 2/27/2026 | No | 13 | 67 | None | |
| SONY | Sony Group Corporation | Options Chain | 0.25 | 0.60 | 0.28 | 1.00 | 0.28 | 0.39 | 85 | 0 | -0.20 | -0.01 | 24.46 | 22.00 | 2/27/2026 | Yes | 18 | 55 | None | |
| SLB | SLB | Options Chain | 0.93 | 1.26 | 0.28 | 1.00 | 0.28 | 0.35 | 2 | 0 | -0.29 | -0.02 | 46.09 | 44.00 | 2/27/2026 | Yes | 12 | 60 | None | |
| AMKR | AMKOR Technology Inc | Options Chain | 2.10 | 2.55 | 0.28 | 1.00 | 0.28 | 0.73 | 13 | 22 | -0.29 | -0.06 | 52.22 | 44.00 | 2/20/2026 | Yes | 15 | 54 | None | |
| AXP | American Express Company | Options Chain | 7.30 | 9.20 | 1.40 | 5.00 | 0.28 | 0.33 | 4 | 1 | -0.30 | -0.17 | 358.28 | 340.00 | 2/27/2026 | Yes | 12 | 70 | None | |
| AMAT | Applied Materials Inc | Options Chain | 9.25 | 12.45 | 1.37 | 5.00 | 0.27 | 0.50 | 0 | 12 | -0.30 | -0.21 | 305.18 | 280.00 | 2/27/2026 | Yes | 14 | 66 | None | |
| C | Citigroup Inc | Options Chain | 2.03 | 2.55 | 0.54 | 2.00 | 0.27 | 0.29 | 5 | 16 | -0.30 | -0.04 | 116.30 | 107.00 | 2/27/2026 | Yes | 15 | 78 | None | |
| NTR | Nutrien Ltd | Options Chain | 1.35 | 1.75 | 0.27 | 1.00 | 0.27 | 0.34 | 0 | 3 | -0.30 | -0.04 | 61.50 | 63.00 | 2/27/2026 | Yes | 10 | 56 | None | |
| V | Visa Inc - Class A | Options Chain | 4.50 | 7.00 | 1.32 | 5.00 | 0.26 | 0.26 | 18 | 22 | -0.29 | -0.13 | 329.49 | 315.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.23 | 0.62 | 0.13 | 0.50 | 0.26 | 0.24 | 13 | 0 | -0.30 | -0.01 | 23.51 | 23.50 | 2/27/2026 | Yes | 6 | 57 | None | |
| CLX | Clorox Company | Options Chain | 2.35 | 2.60 | 1.28 | 5.00 | 0.26 | 0.33 | 110 | 79 | -0.29 | -0.04 | 108.89 | 105.00 | 2/20/2026 | No | 13 | 53 | None | |
| KO | Coca-Cola Company | Options Chain | 0.48 | 1.04 | 0.25 | 1.00 | 0.25 | 0.18 | 2 | 1 | -0.26 | -0.02 | 71.01 | 69.00 | 2/27/2026 | Yes | 9 | 70 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.28 | 1.71 | 0.25 | 1.00 | 0.25 | 0.27 | 25 | 0 | -0.29 | -0.03 | 89.25 | 85.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.80 | 4.90 | 1.22 | 5.00 | 0.24 | 0.38 | 1 | 27 | -0.30 | -0.09 | 165.45 | 155.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.34 | 0.12 | 0.50 | 0.24 | 0.34 | 46 | 32 | -0.28 | 0.00 | 13.98 | 13.00 | 2/27/2026 | Yes | 16 | 58 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.65 | 0.12 | 0.50 | 0.24 | 0.32 | 10 | 0 | -0.30 | -0.01 | 24.05 | 23.00 | 2/27/2026 | Yes | 10 | 57 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.60 | 7.00 | 1.15 | 5.00 | 0.23 | 0.36 | 6 | 1 | -0.29 | -0.11 | 232.00 | 220.00 | 2/27/2026 | No | 9 | 68 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.75 | 2.95 | 1.12 | 5.00 | 0.22 | 0.34 | 33 | 54 | -0.26 | -0.09 | 152.25 | 145.00 | 2/20/2026 | No | 13 | 80 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.15 | 4.70 | 1.10 | 5.00 | 0.22 | 0.24 | 37 | 73 | -0.27 | -0.13 | 312.16 | 295.00 | 2/27/2026 | Yes | 11 | 78 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.75 | 8.00 | 1.10 | 5.00 | 0.22 | 0.38 | 5 | 25 | -0.27 | -0.19 | 331.85 | 305.00 | 2/27/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| CFG | Citizens Financial Group Inc | Options Chain | 0.55 | 1.40 | 0.53 | 2.50 | 0.21 | 0.37 | 2 | 0 | -0.22 | -0.02 | 59.78 | 55.00 | 2/20/2026 | Yes | 15 | 77 | None | |
| ADM | Archer Daniels Midland Company | Options Chain | 0.80 | 1.25 | 0.53 | 2.50 | 0.21 | 0.34 | 16 | 13 | -0.23 | -0.03 | 63.36 | 60.00 | 2/20/2026 | Yes | 14 | 54 | None | |
| MS | Morgan Stanley | Options Chain | 2.76 | 3.50 | 1.03 | 5.00 | 0.21 | 0.30 | 6 | 0 | -0.27 | -0.07 | 182.50 | 170.00 | 2/27/2026 | Yes | 14 | 75 | None | |
| SYF | Synchrony Financial | Options Chain | 1.40 | 2.10 | 0.50 | 2.50 | 0.20 | 0.40 | 94 | 141 | -0.29 | -0.05 | 78.10 | 72.50 | 2/20/2026 | Yes | 11 | 62 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.62 | 0.74 | 0.20 | 1.00 | 0.20 | 0.24 | 921 | 114 | -0.25 | -0.02 | 54.51 | 50.00 | 2/27/2026 | Yes | 13 | 74 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.60 | 0.85 | 0.20 | 1.00 | 0.20 | 0.29 | 7 | 5 | -0.25 | -0.02 | 47.75 | 46.00 | 2/20/2026 | Yes | 9 | 71 | None | |
| INFY | Infosys Ltd | Options Chain | 0.30 | 0.60 | 0.20 | 1.00 | 0.20 | 0.42 | 150 | 53 | -0.28 | -0.01 | 17.65 | 18.00 | 2/20/2026 | Yes | 13 | 51 | None | |
| HPQ | HP Inc | Options Chain | 0.41 | 0.72 | 0.10 | 0.50 | 0.20 | 0.41 | 1 | 0 | -0.29 | -0.02 | 21.10 | 19.50 | 2/27/2026 | Yes | 11 | 49 | None | |
| INTU | Intuit Inc | Options Chain | 10.00 | 17.50 | 1.90 | 10.00 | 0.19 | 0.38 | 16 | 2 | -0.28 | -0.33 | 605.61 | 530.00 | 2/27/2026 | Yes | 13 | 65 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.00 | 1.20 | 0.47 | 2.50 | 0.19 | 0.31 | 21 | 317 | -0.26 | -0.03 | 64.15 | 62.50 | 2/20/2026 | Yes | 9 | 56 | None | |
| JCI | Johnson Controls International plc | Options Chain | 1.80 | 2.30 | 0.92 | 5.00 | 0.18 | 0.36 | 75 | 4676 | -0.25 | -0.06 | 112.01 | 105.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| JNJ | Johnson & Johnson | Options Chain | 1.98 | 4.10 | 0.92 | 5.00 | 0.18 | 0.22 | 13 | 2 | -0.28 | -0.06 | 214.65 | 210.00 | 2/27/2026 | Yes | 9 | 68 | None | |
| FAST | Fastenal Company | Options Chain | 0.60 | 0.85 | 0.45 | 2.50 | 0.18 | 0.29 | 14 | 2 | -0.27 | -0.02 | 42.52 | 40.00 | 2/20/2026 | Yes | 11 | 51 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.55 | 0.18 | 1.00 | 0.18 | 0.28 | 5 | 5009 | -0.30 | -0.01 | 27.77 | 27.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.65 | 0.17 | 1.00 | 0.17 | 0.40 | 4 | 1 | -0.24 | -0.01 | 28.55 | 26.00 | 2/20/2026 | Yes | 15 | 62 | None | |
| HBAN | Huntington Bancshares Inc | Options Chain | 0.25 | 0.35 | 0.17 | 1.00 | 0.17 | 0.27 | 110 | 1 | -0.30 | -0.01 | 17.51 | 17.00 | 2/20/2026 | Yes | 8 | 57 | None | |
| ICE | Intercontinental Exchange Inc | Options Chain | 1.45 | 2.40 | 0.80 | 5.00 | 0.16 | 0.24 | 26 | 8 | -0.23 | -0.07 | 168.47 | 165.00 | 2/20/2026 | Yes | 8 | 64 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.05 | 1.20 | 0.40 | 2.50 | 0.16 | 0.32 | 53 | 604 | -0.23 | -0.04 | 84.00 | 80.00 | 2/20/2026 | Yes | 10 | 65 | None | |
| PEG | Public Service Enterprise Group Inc | Options Chain | 0.75 | 1.30 | 0.40 | 2.50 | 0.16 | 0.27 | 15 | 6 | -0.23 | -0.03 | 78.73 | 75.00 | 2/20/2026 | No | 10 | 73 | None | |
| NOK | Nokia Corp | Options Chain | 0.13 | 0.20 | 0.08 | 0.50 | 0.16 | 0.46 | 1 | 0 | -0.26 | -0.01 | 6.53 | 6.00 | 2/27/2026 | Yes | 17 | 47 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.45 | 15.65 | 0.75 | 5.00 | 0.15 | 0.21 | 3 | 6 | -0.30 | -0.33 | 939.99 | 920.00 | 2/27/2026 | No | 15 | 62 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.25 | 0.45 | 0.15 | 1.00 | 0.15 | 0.40 | 5 | 45 | -0.23 | -0.01 | 17.62 | 17.00 | 2/20/2026 | No | 15 | 57 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.54 | 1.16 | 0.15 | 1.00 | 0.15 | 0.41 | 59 | 1 | -0.25 | -0.01 | 36.94 | 35.00 | 2/27/2026 | Yes | 10 | 66 | None |