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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVO | Novo Nordisk | Options Chain | 1.70 | 2.22 | 0.54 | 1.00 | 0.54 | 0.47 | 23 | 14 | -0.28 | -0.04 | 56.96 | 58.00 | 2/27/2026 | Yes | 14 | 60 | None | |
| C | Citigroup Inc | Options Chain | 1.85 | 2.28 | 0.45 | 1.00 | 0.45 | 0.28 | 2 | 11 | -0.28 | -0.04 | 117.46 | 112.00 | 2/27/2026 | No | 13 | 70 | None | |
| AA | Alcoa Corp | Options Chain | 1.96 | 2.50 | 0.37 | 1.00 | 0.37 | 0.57 | 111 | 6 | -0.28 | -0.05 | 60.07 | 55.00 | 2/27/2026 | Yes | 13 | 62 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.70 | 2.27 | 0.35 | 1.00 | 0.35 | 0.25 | 5 | 8 | -0.28 | -0.04 | 129.30 | 124.00 | 2/27/2026 | Yes | 10 | 74 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.26 | 1.75 | 0.35 | 1.00 | 0.35 | 0.29 | 0 | 1 | -0.30 | -0.04 | 75.19 | 72.00 | 2/27/2026 | Yes | 7 | 59 | None | |
| DAL | Delta Air Lines Inc | Options Chain | 1.36 | 2.09 | 0.34 | 1.00 | 0.34 | 0.39 | 0 | 4 | -0.28 | -0.04 | 70.43 | 66.00 | 2/27/2026 | No | 11 | 57 | None | |
| AMAT | Applied Materials Inc | Options Chain | 10.30 | 13.20 | 1.60 | 5.00 | 0.32 | 0.50 | 1 | 1 | -0.30 | -0.24 | 327.01 | 305.00 | 2/27/2026 | Yes | 13 | 65 | None | |
| MRK | Merck & Co Inc | Options Chain | 1.79 | 2.16 | 0.32 | 1.00 | 0.32 | 0.28 | 0 | 13 | -0.28 | -0.05 | 108.83 | 104.00 | 2/27/2026 | Yes | 15 | 74 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 8.05 | 8.80 | 1.58 | 5.00 | 0.32 | 0.36 | 22 | 140 | -0.30 | -0.20 | 341.64 | 325.00 | 2/27/2026 | Yes | 22 | 67 |
Dividend Stock List |
|
| AVGO | Broadcom Inc | Options Chain | 10.50 | 11.20 | 1.57 | 5.00 | 0.31 | 0.44 | 35 | 33 | -0.30 | -0.25 | 351.71 | 330.00 | 2/27/2026 | No | 13 | 67 | None | |
| DVN | Devon Energy Corp | Options Chain | 0.68 | 0.95 | 0.31 | 1.00 | 0.31 | 0.37 | 8 | 0 | -0.27 | -0.02 | 36.38 | 34.00 | 2/27/2026 | Yes | 9 | 67 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.70 | 0.92 | 0.31 | 1.00 | 0.31 | 0.24 | 6 | 46 | -0.28 | -0.02 | 52.97 | 51.00 | 2/27/2026 | No | 12 | 74 | None | |
| EPD | Enterprise Products Partners L P | Options Chain | 0.30 | 0.50 | 0.30 | 1.00 | 0.30 | 0.13 | 2 | 1 | -0.23 | 0.00 | 32.90 | 32.00 | 2/27/2026 | Yes | 11 | 67 | None | |
| COP | Conoco Phillips | Options Chain | 1.78 | 2.09 | 0.30 | 1.00 | 0.30 | 0.31 | 1 | 0 | -0.29 | -0.04 | 98.93 | 93.00 | 2/27/2026 | Yes | 7 | 59 | None | |
| HD | Home Depot Inc | Options Chain | 5.40 | 8.25 | 1.48 | 5.00 | 0.30 | 0.27 | 0 | 6 | -0.29 | -0.17 | 379.33 | 365.00 | 2/27/2026 | Yes | 6 | 60 | None | |
| MSFT | Microsoft Corporation | Options Chain | 9.10 | 9.35 | 1.48 | 5.00 | 0.30 | 0.29 | 96 | 79 | -0.30 | -0.21 | 457.65 | 440.00 | 2/27/2026 | Yes | 14 | 69 | None | |
| GM | General Motors Company | Options Chain | 1.67 | 2.40 | 0.29 | 1.00 | 0.29 | 0.39 | 0 | 2 | -0.28 | -0.05 | 80.71 | 76.00 | 2/27/2026 | Yes | 11 | 68 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.79 | 1.14 | 0.29 | 1.00 | 0.29 | 0.27 | 0 | 5 | -0.28 | -0.03 | 55.26 | 53.00 | 2/27/2026 | Yes | 13 | 60 | None | |
| CMCSA | Comcast Corp - Class A | Options Chain | 0.46 | 0.65 | 0.28 | 1.00 | 0.28 | 0.36 | 4 | 13 | -0.26 | -0.02 | 27.82 | 26.00 | 2/27/2026 | Yes | 10 | 53 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.49 | 1.69 | 0.28 | 1.00 | 0.28 | 0.41 | 2 | 9 | -0.30 | -0.04 | 58.71 | 55.00 | 2/27/2026 | Yes | 11 | 59 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 7.00 | 8.00 | 1.32 | 5.00 | 0.26 | 0.38 | 52 | 16 | -0.26 | -0.19 | 331.02 | 310.00 | 2/27/2026 | Yes | 13 | 67 | None | |
| PG | Procter & Gamble Company | Options Chain | 1.75 | 2.38 | 0.26 | 1.00 | 0.26 | 0.21 | 1 | 1 | -0.30 | -0.04 | 144.53 | 139.00 | 2/27/2026 | Yes | 12 | 71 | None | |
| RTX | RTX Corp | Options Chain | 2.72 | 3.35 | 1.25 | 5.00 | 0.25 | 0.29 | 10 | 30 | -0.26 | -0.09 | 201.92 | 190.00 | 2/27/2026 | Yes | 11 | 60 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.55 | 3.85 | 1.25 | 5.00 | 0.25 | 0.37 | 22 | 1 | -0.28 | -0.09 | 161.39 | 150.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| VST | Vistra Corp | Options Chain | 5.40 | 7.95 | 1.23 | 5.00 | 0.25 | 0.55 | 5 | 42 | -0.30 | -0.14 | 178.99 | 155.00 | 2/27/2026 | Yes | 7 | 56 | None | |
| ORCL | Oracle Corp | Options Chain | 4.90 | 5.40 | 1.20 | 5.00 | 0.24 | 0.48 | 49 | 60 | -0.26 | -0.14 | 190.47 | 175.00 | 2/27/2026 | No | 7 | 61 | None | |
| V | Visa Inc - Class A | Options Chain | 3.25 | 5.10 | 1.20 | 5.00 | 0.24 | 0.23 | 5 | 3 | -0.27 | -0.12 | 328.30 | 315.00 | 2/27/2026 | Yes | 9 | 64 | None | |
| AXP | American Express Company | Options Chain | 5.60 | 7.75 | 1.20 | 5.00 | 0.24 | 0.31 | 1 | 10 | -0.27 | -0.17 | 364.79 | 345.00 | 2/27/2026 | Yes | 12 | 70 | None | |
| TGT | Target Corp | Options Chain | 1.83 | 2.50 | 0.24 | 1.00 | 0.24 | 0.33 | 0 | 5 | -0.28 | -0.05 | 111.11 | 104.00 | 2/27/2026 | No | 12 | 66 | None | |
| HPQ | HP Inc | Options Chain | 0.34 | 0.62 | 0.12 | 0.50 | 0.24 | 0.40 | 8 | 0 | -0.27 | -0.01 | 20.37 | 19.00 | 2/27/2026 | Yes | 9 | 40 | None | |
| IBM | International Business Machines Corp | Options Chain | 5.95 | 6.80 | 1.13 | 5.00 | 0.23 | 0.36 | 2 | 15 | -0.27 | -0.14 | 305.67 | 285.00 | 2/27/2026 | Yes | 9 | 63 | None | |
| COF | Capital One Financial Corp | Options Chain | 4.30 | 5.70 | 1.10 | 5.00 | 0.22 | 0.34 | 1 | 2 | -0.28 | -0.11 | 239.14 | 225.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| MO | Altria Group Inc | Options Chain | 0.53 | 0.84 | 0.22 | 1.00 | 0.22 | 0.22 | 0 | 2 | -0.24 | -0.02 | 61.69 | 59.00 | 2/27/2026 | Yes | 9 | 60 | None | |
| SLB | SLB | Options Chain | 0.78 | 0.96 | 0.22 | 1.00 | 0.22 | 0.32 | 3 | 1 | -0.27 | -0.02 | 46.73 | 44.00 | 2/27/2026 | Yes | 12 | 58 | None | |
| DOW | Dow Inc | Options Chain | 0.66 | 1.05 | 0.10 | 0.50 | 0.20 | 0.47 | 13 | 0 | -0.29 | -0.02 | 27.94 | 25.50 | 2/27/2026 | Yes | 10 | 48 | None | |
| MS | Morgan Stanley | Options Chain | 2.71 | 3.10 | 0.97 | 5.00 | 0.19 | 0.26 | 22 | 38 | -0.28 | -0.06 | 189.09 | 180.00 | 2/27/2026 | Yes | 14 | 75 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.33 | 0.62 | 0.18 | 1.00 | 0.18 | 0.22 | 21 | 16 | -0.22 | -0.01 | 39.36 | 37.00 | 2/27/2026 | Yes | 15 | 73 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.10 | 1.37 | 0.18 | 1.00 | 0.18 | 0.25 | 14 | 12 | -0.27 | -0.03 | 88.38 | 84.00 | 2/27/2026 | Yes | 9 | 66 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 3.95 | 4.25 | 0.89 | 5.00 | 0.18 | 0.23 | 110 | 31 | -0.28 | -0.12 | 312.47 | 300.00 | 2/27/2026 | No | 9 | 79 | None | |
| KO | Coca-Cola Company | Options Chain | 0.50 | 0.76 | 0.17 | 1.00 | 0.17 | 0.17 | 17 | 9 | -0.26 | -0.02 | 70.44 | 68.00 | 2/27/2026 | Yes | 9 | 70 | None | |
| F | Ford Motor Company | Options Chain | 0.20 | 0.23 | 0.08 | 0.50 | 0.16 | 0.34 | 47 | 4 | -0.24 | -0.01 | 13.60 | 12.50 | 2/27/2026 | Yes | 12 | 49 | None |