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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DKS | Dicks Sporting Goods Inc | Options Chain | 4.90 | 5.50 | 1.50 | 5.00 | 0.30 | 0.36 | 6 | 1 | -0.26 | -0.10 | 210.25 | 190.00 | 2/20/2026 | No | 10 | 62 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.39 | 1.45 | 0.30 | 1.00 | 0.30 | 0.39 | 574 | 41 | -0.27 | -0.03 | 53.04 | 48.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| STM | ST Microelectronics | Options Chain | 0.85 | 0.95 | 0.30 | 1.00 | 0.30 | 0.46 | 0 | 81 | -0.28 | -0.02 | 26.24 | 24.00 | 2/20/2026 | Yes | 11 | 46 | None | |
| NEM | Newmont Corp | Options Chain | 3.20 | 3.50 | 0.74 | 2.50 | 0.30 | 0.44 | 18 | 107 | -0.28 | -0.06 | 105.78 | 92.50 | 2/20/2026 | Yes | 13 | 63 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 9.15 | 9.35 | 2.90 | 10.00 | 0.29 | 0.37 | 128 | 292 | -0.30 | -0.18 | 331.83 | 310.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| ORCL | Oracle Corp | Options Chain | 6.15 | 6.30 | 1.43 | 5.00 | 0.29 | 0.44 | 156 | 132 | -0.28 | -0.11 | 197.99 | 180.00 | 2/20/2026 | No | 10 | 65 | None | |
| MSFT | Microsoft Corporation | Options Chain | 10.15 | 10.25 | 1.40 | 5.00 | 0.28 | 0.27 | 117 | 176 | -0.30 | -0.19 | 487.71 | 465.00 | 2/20/2026 | Yes | 14 | 69 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 2.13 | 2.20 | 0.68 | 2.50 | 0.27 | 0.39 | 50 | 38 | -0.30 | -0.04 | 70.85 | 65.00 | 2/20/2026 | Yes | 12 | 65 | None | |
| HPE | Hewlett Packard Enterprise Company | Options Chain | 0.65 | 0.67 | 0.26 | 1.00 | 0.26 | 0.35 | 23 | 2 | -0.30 | -0.01 | 24.49 | 23.00 | 2/20/2026 | No | 8 | 52 | None | |
| AVGO | Broadcom Inc | Options Chain | 10.05 | 10.20 | 2.58 | 10.00 | 0.26 | 0.44 | 135 | 833 | -0.26 | -0.20 | 352.13 | 320.00 | 2/20/2026 | No | 12 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 6.95 | 7.30 | 2.58 | 10.00 | 0.26 | 0.35 | 894 | 257 | -0.27 | -0.15 | 302.84 | 280.00 | 2/20/2026 | Yes | 20 | 63 |
Dividend Stock List |
|
| JPM | JPMorgan Chase & Company | Options Chain | 5.80 | 6.00 | 1.20 | 5.00 | 0.24 | 0.25 | 47 | 110 | -0.29 | -0.10 | 327.91 | 310.00 | 2/20/2026 | Yes | 11 | 78 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.88 | 1.95 | 0.56 | 2.50 | 0.22 | 0.28 | 32 | 70 | -0.29 | -0.03 | 95.26 | 90.00 | 2/20/2026 | Yes | 10 | 66 | None | |
| BHP | BHP Group Ltd | Options Chain | 1.15 | 1.25 | 0.52 | 2.50 | 0.21 | 0.28 | 3 | 6 | -0.28 | -0.03 | 61.89 | 57.50 | 2/20/2026 | Yes | 10 | 61 | None | |
| HAL | Halliburton Company | Options Chain | 0.54 | 0.57 | 0.20 | 1.00 | 0.20 | 0.34 | 10 | 2 | -0.24 | -0.01 | 28.14 | 26.00 | 2/20/2026 | Yes | 7 | 63 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.25 | 0.50 | 0.20 | 1.00 | 0.20 | 0.38 | 0 | 4 | -0.28 | -0.01 | 13.75 | 13.00 | 2/20/2026 | No | 11 | 67 | None | |
| TGT | Target Corp | Options Chain | 1.76 | 1.89 | 0.97 | 5.00 | 0.19 | 0.34 | 351 | 183 | -0.23 | -0.04 | 99.52 | 90.00 | 2/20/2026 | No | 12 | 66 | None | |
| EQT | EQT Corp | Options Chain | 1.05 | 1.14 | 0.48 | 2.50 | 0.19 | 0.37 | 20 | 1 | -0.24 | -0.02 | 53.93 | 50.00 | 2/20/2026 | Yes | 12 | 69 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.70 | 0.74 | 0.48 | 2.50 | 0.19 | 0.35 | 74 | 38 | -0.27 | -0.01 | 29.60 | 27.50 | 2/20/2026 | Yes | 13 | 63 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.73 | 1.82 | 0.91 | 5.00 | 0.18 | 0.23 | 538 | 89 | -0.27 | -0.03 | 119.11 | 115.00 | 2/20/2026 | Yes | 9 | 67 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.49 | 0.51 | 0.18 | 1.00 | 0.18 | 0.21 | 153 | 27 | -0.19 | 0.00 | 40.48 | 38.00 | 2/20/2026 | Yes | 11 | 55 | None | |
| FHN | First Horizon Corporation | Options Chain | 0.45 | 0.50 | 0.18 | 1.00 | 0.18 | 0.29 | 2 | 0 | -0.29 | -0.01 | 24.60 | 23.00 | 2/20/2026 | Yes | 10 | 57 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 0.40 | 0.18 | 1.00 | 0.18 | 0.32 | 2 | 0 | -0.30 | -0.01 | 16.71 | 16.00 | 2/20/2026 | Yes | 11 | 57 | None | |
| CLX | Clorox Company | Options Chain | 1.60 | 1.70 | 0.87 | 5.00 | 0.17 | 0.33 | 19 | 31 | -0.21 | -0.03 | 98.53 | 90.00 | 2/20/2026 | Yes | 13 | 53 | None | |
| C | Citigroup Inc | Options Chain | 2.05 | 2.12 | 0.85 | 5.00 | 0.17 | 0.31 | 88 | 101 | -0.25 | -0.04 | 120.42 | 110.00 | 2/20/2026 | Yes | 13 | 70 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.85 | 0.88 | 0.40 | 2.50 | 0.16 | 0.26 | 88 | 130 | -0.25 | -0.02 | 56.17 | 52.50 | 2/20/2026 | Yes | 12 | 74 | None | |
| WMT | Walmart Inc | Options Chain | 1.56 | 1.60 | 0.76 | 5.00 | 0.15 | 0.27 | 67 | 86 | -0.21 | -0.04 | 111.68 | 105.00 | 2/20/2026 | Yes | 9 | 55 | None | |
| OXY | Occidental Petroleum Corp | Options Chain | 0.62 | 0.67 | 0.38 | 2.50 | 0.15 | 0.30 | 141 | 191 | -0.24 | -0.02 | 39.85 | 37.50 | 2/20/2026 | No | 7 | 59 | None | |
| T | AT&T Inc | Options Chain | 0.31 | 0.33 | 0.15 | 1.00 | 0.15 | 0.26 | 7931 | 45 | -0.21 | -0.01 | 24.65 | 23.00 | 2/20/2026 | Yes | 14 | 68 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.26 | 0.52 | 0.15 | 1.00 | 0.15 | 0.15 | 0 | 131 | -0.30 | 0.00 | 31.87 | 31.00 | 2/20/2026 | Yes | 11 | 67 | None |