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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMKR | AMKOR Technology Inc | Options Chain | 2.15 | 2.75 | 0.52 | 1.00 | 0.52 | 0.74 | 21 | 8 | -0.28 | -0.06 | 52.22 | 43.00 | 2/20/2026 | Yes | 13 | 52 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.59 | 2.64 | 0.41 | 1.00 | 0.41 | 0.30 | 0 | 3 | -0.30 | -0.05 | 108.26 | 104.00 | 2/27/2026 | Yes | 15 | 74 | None | |
| NVO | Novo Nordisk | Options Chain | 1.73 | 2.25 | 0.40 | 1.00 | 0.40 | 0.46 | 10 | 3 | -0.29 | -0.04 | 59.64 | 55.00 | 2/27/2026 | Yes | 14 | 60 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.42 | 1.90 | 0.34 | 1.00 | 0.34 | 0.45 | 8 | 0 | -0.28 | -0.04 | 59.34 | 55.00 | 2/27/2026 | Yes | 11 | 59 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.90 | 1.33 | 0.34 | 1.00 | 0.34 | 0.30 | 0 | 9 | -0.29 | -0.03 | 55.92 | 54.00 | 2/27/2026 | Yes | 10 | 52 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 7.75 | 8.80 | 1.60 | 5.00 | 0.32 | 0.39 | 3 | 15 | -0.27 | -0.18 | 331.21 | 305.00 | 2/27/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| UNH | Unitedhealth Group Inc | Options Chain | 8.90 | 9.35 | 1.60 | 5.00 | 0.32 | 0.38 | 3 | 1 | -0.30 | -0.21 | 333.93 | 320.00 | 2/27/2026 | Yes | 13 | 67 | None | |
| AXP | American Express Company | Options Chain | 6.25 | 8.70 | 1.55 | 5.00 | 0.31 | 0.34 | 1 | 1 | -0.28 | -0.18 | 358.00 | 335.00 | 2/27/2026 | Yes | 10 | 63 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.15 | 10.50 | 1.55 | 5.00 | 0.31 | 0.32 | 24 | 29 | -0.30 | -0.22 | 470.67 | 440.00 | 2/27/2026 | Yes | 14 | 70 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.75 | 11.35 | 1.45 | 5.00 | 0.29 | 0.47 | 48 | 74 | -0.30 | -0.24 | 354.61 | 315.00 | 2/27/2026 | No | 9 | 65 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.82 | 2.27 | 0.28 | 1.00 | 0.28 | 0.25 | 13 | 6 | -0.29 | -0.04 | 126.54 | 124.00 | 2/27/2026 | Yes | 10 | 74 | None | |
| MO | Altria Group Inc | Options Chain | 0.65 | 1.00 | 0.28 | 1.00 | 0.28 | 0.21 | 3 | 0 | -0.30 | -0.02 | 60.15 | 59.00 | 2/27/2026 | Yes | 9 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.26 | 1.63 | 0.27 | 1.00 | 0.27 | 0.27 | 0 | 62 | -0.28 | -0.03 | 93.56 | 84.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| ORCL | Oracle Corp | Options Chain | 5.25 | 5.65 | 1.25 | 5.00 | 0.25 | 0.49 | 24 | 121 | -0.25 | -0.14 | 202.29 | 175.00 | 2/27/2026 | No | 7 | 61 | None | |
| SLB | SLB | Options Chain | 0.87 | 1.22 | 0.24 | 1.00 | 0.24 | 0.35 | 2 | 0 | -0.28 | -0.02 | 45.90 | 44.00 | 2/27/2026 | Yes | 12 | 60 | None | |
| KO | Coca-Cola Company | Options Chain | 0.67 | 0.88 | 0.23 | 1.00 | 0.23 | 0.18 | 1 | 1 | -0.27 | -0.02 | 71.24 | 69.00 | 2/27/2026 | Yes | 9 | 70 | None | |
| SYF | Synchrony Financial | Options Chain | 1.85 | 2.05 | 0.57 | 2.50 | 0.23 | 0.42 | 72 | 134 | -0.28 | -0.05 | 78.06 | 72.50 | 2/20/2026 | Yes | 11 | 62 | None | |
| V | Visa Inc - Class A | Options Chain | 4.85 | 5.80 | 1.13 | 5.00 | 0.23 | 0.27 | 16 | 11 | -0.28 | -0.14 | 327.88 | 310.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| COF | Capital One Financial Corp | Options Chain | 3.70 | 5.70 | 1.10 | 5.00 | 0.22 | 0.37 | 16 | 2 | -0.26 | -0.11 | 232.00 | 210.00 | 2/27/2026 | No | 9 | 68 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.82 | 1.12 | 0.22 | 1.00 | 0.22 | 0.34 | 2 | 0 | -0.28 | -0.02 | 43.31 | 42.00 | 2/27/2026 | Yes | 7 | 53 | None | |
| F | Ford Motor Company | Options Chain | 0.30 | 0.33 | 0.11 | 0.50 | 0.22 | 0.35 | 5 | 21 | -0.28 | -0.01 | 13.98 | 13.00 | 2/27/2026 | Yes | 16 | 58 | None | |
| JCI | Johnson Controls International plc | Options Chain | 2.15 | 2.45 | 1.02 | 5.00 | 0.20 | 0.34 | 74 | 4675 | -0.29 | -0.07 | 112.09 | 105.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.10 | 4.60 | 1.00 | 5.00 | 0.20 | 0.23 | 24 | 33 | -0.28 | -0.12 | 310.90 | 295.00 | 2/27/2026 | Yes | 11 | 78 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.68 | 0.88 | 0.20 | 1.00 | 0.20 | 0.24 | 921 | 113 | -0.30 | -0.02 | 54.51 | 50.00 | 2/27/2026 | Yes | 10 | 65 | None | |
| RF | Regions Financial Corp | Options Chain | 0.40 | 0.50 | 0.20 | 1.00 | 0.20 | 0.28 | 4 | 7 | -0.30 | -0.01 | 27.84 | 27.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| KHC | Kraft Heinz Company | Options Chain | 0.32 | 0.44 | 0.10 | 0.50 | 0.20 | 0.27 | 0 | 1 | -0.27 | -0.01 | 23.51 | 23.00 | 2/27/2026 | Yes | 6 | 57 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.46 | 0.65 | 0.19 | 1.00 | 0.19 | 0.23 | 16 | 4 | -0.27 | -0.01 | 39.01 | 38.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| QCOM | Qualcomm Inc | Options Chain | 2.90 | 3.30 | 0.94 | 5.00 | 0.19 | 0.38 | 3 | 3 | -0.23 | -0.09 | 165.29 | 150.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| SYY | Sysco Corp | Options Chain | 1.00 | 1.30 | 0.45 | 2.50 | 0.18 | 0.23 | 16 | 19 | -0.30 | -0.03 | 76.06 | 75.00 | 2/20/2026 | Yes | 8 | 54 | None | |
| RIO | Rio Tinto plc | Options Chain | 1.10 | 1.25 | 0.43 | 2.50 | 0.17 | 0.31 | 26 | 602 | -0.24 | -0.04 | 83.59 | 80.00 | 2/20/2026 | Yes | 10 | 65 | None | |
| IVZ | Invesco Ltd | Options Chain | 0.45 | 0.65 | 0.17 | 1.00 | 0.17 | 0.40 | 2 | 1 | -0.25 | -0.02 | 28.30 | 26.00 | 2/20/2026 | Yes | 15 | 62 | None | |
| FITB | Fifth Third Bancorp | Options Chain | 0.65 | 0.85 | 0.17 | 1.00 | 0.17 | 0.28 | 7 | 5 | -0.27 | -0.03 | 47.75 | 46.00 | 2/20/2026 | Yes | 9 | 71 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.30 | 0.40 | 0.17 | 1.00 | 0.17 | 0.37 | 425 | 1 | -0.30 | -0.01 | 14.22 | 14.00 | 2/20/2026 | No | 11 | 66 | None | |
| JNJ | Johnson & Johnson | Options Chain | 2.02 | 2.90 | 0.85 | 5.00 | 0.17 | 0.24 | 1 | 2 | -0.24 | -0.07 | 214.65 | 205.00 | 2/27/2026 | Yes | 9 | 68 | None | |
| FAST | Fastenal Company | Options Chain | 0.65 | 0.85 | 0.42 | 2.50 | 0.17 | 0.31 | 0 | 1 | -0.30 | -0.02 | 42.42 | 40.00 | 2/20/2026 | Yes | 11 | 51 | None | |
| NOK | Nokia Corp | Options Chain | 0.10 | 0.23 | 0.08 | 0.50 | 0.16 | 0.44 | 1 | 0 | -0.28 | 0.00 | 6.52 | 6.00 | 2/27/2026 | Yes | 17 | 47 | None | |
| D | Dominion Energy Inc | Options Chain | 0.55 | 0.80 | 0.38 | 2.50 | 0.15 | 0.22 | 7 | 7 | -0.23 | -0.02 | 59.02 | 57.50 | 2/20/2026 | No | 10 | 73 | None |