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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PGR | Progressive Corp | Options Chain | 9.60 | 11.20 | 2.70 | 5.00 | 0.54 | 0.24 | 3 | 31 | -0.30 | -0.01 | 229.97 | 220.00 | 2/20/2026 | Yes | 17 | 74 | None | |
| CVE | Cenovus Energy Inc | Options Chain | 0.35 | 1.00 | 0.48 | 1.00 | 0.48 | 0.32 | 2 | 0 | -0.28 | -0.01 | 17.05 | 16.00 | 2/20/2026 | Yes | 15 | 66 | None | |
| FCX | Freeport-McMoRan Inc | Options Chain | 1.25 | 1.54 | 0.35 | 1.00 | 0.35 | 0.41 | 7 | 5 | -0.27 | -0.03 | 51.22 | 47.00 | 2/20/2026 | Yes | 11 | 61 | None | |
| STLD | Steel Dynamics Inc | Options Chain | 4.30 | 6.20 | 1.70 | 5.00 | 0.34 | 0.39 | 1 | 0 | -0.30 | -0.09 | 169.45 | 160.00 | 2/20/2026 | Yes | 10 | 57 | None | |
| NEM | Newmont Corp | Options Chain | 3.10 | 3.35 | 0.82 | 2.50 | 0.33 | 0.45 | 5 | 50 | -0.28 | -0.06 | 101.86 | 92.50 | 2/20/2026 | Yes | 13 | 63 | None | |
| AA | Alcoa Corp | Options Chain | 2.05 | 2.25 | 0.30 | 1.00 | 0.30 | 0.52 | 7 | 2 | -0.30 | -0.04 | 53.14 | 49.00 | 2/20/2026 | Yes | 14 | 54 | None | |
| COST | Costco Wholesale Corp | Options Chain | 11.30 | 12.55 | 1.48 | 5.00 | 0.30 | 0.19 | 33 | 64 | -0.29 | -0.26 | 862.34 | 835.00 | 2/20/2026 | Yes | 15 | 60 | None | |
| ORCL | Oracle Corp | Options Chain | 5.70 | 6.00 | 1.45 | 5.00 | 0.29 | 0.44 | 193 | 154 | -0.27 | -0.11 | 197.21 | 180.00 | 2/20/2026 | No | 10 | 65 | None | |
| VZ | Verizon Communications Inc | Options Chain | 0.64 | 0.71 | 0.28 | 1.00 | 0.28 | 0.21 | 35 | 58 | -0.27 | -0.01 | 40.73 | 39.00 | 2/20/2026 | Yes | 11 | 55 | None | |
| UNH | Unitedhealth Group Inc | Options Chain | 8.15 | 8.45 | 2.75 | 10.00 | 0.28 | 0.36 | 100 | 294 | -0.28 | -0.17 | 330.11 | 310.00 | 2/20/2026 | Yes | 10 | 59 | None | |
| AVGO | Broadcom Inc | Options Chain | 9.80 | 10.20 | 2.70 | 10.00 | 0.27 | 0.42 | 257 | 154 | -0.27 | -0.20 | 349.63 | 320.00 | 2/20/2026 | No | 9 | 65 | None | |
| LRCX | Lam Research Corp | Options Chain | 5.80 | 6.15 | 1.35 | 5.00 | 0.27 | 0.53 | 2109 | 31 | -0.26 | -0.12 | 173.75 | 155.00 | 2/20/2026 | Yes | 11 | 59 | None | |
| MSFT | Microsoft Corporation | Options Chain | 8.85 | 9.05 | 1.32 | 5.00 | 0.26 | 0.27 | 188 | 79 | -0.28 | -0.19 | 487.48 | 460.00 | 2/20/2026 | Yes | 14 | 69 | None | |
| STZ | Constellation Brands Inc - Class A | Options Chain | 3.00 | 3.90 | 1.32 | 5.00 | 0.26 | 0.34 | 16 | 10 | -0.30 | -0.06 | 137.96 | 130.00 | 2/20/2026 | Yes | 8 | 68 | None | |
| HD | Home Depot Inc | Options Chain | 4.95 | 5.25 | 1.25 | 5.00 | 0.25 | 0.22 | 78 | 39 | -0.28 | -0.12 | 346.35 | 330.00 | 2/20/2026 | No | 6 | 53 | None | |
| QCOM | Qualcomm Inc | Options Chain | 3.65 | 3.85 | 1.21 | 5.00 | 0.24 | 0.34 | 77 | 23 | -0.26 | -0.08 | 173.65 | 160.00 | 2/20/2026 | Yes | 12 | 67 | None | |
| LIN | Linde Plc. | Options Chain | 6.30 | 6.90 | 1.20 | 5.00 | 0.24 | 0.23 | 1 | 0 | -0.28 | -0.16 | 428.36 | 410.00 | 2/20/2026 | Yes | 9 | 63 | None | |
| EQT | EQT Corp | Options Chain | 1.21 | 1.31 | 0.58 | 2.50 | 0.23 | 0.35 | 28 | 129 | -0.27 | -0.02 | 54.63 | 50.00 | 2/20/2026 | Yes | 13 | 69 | None | |
| BCS | Barclays plc | Options Chain | 0.55 | 0.70 | 0.23 | 1.00 | 0.23 | 0.34 | 0 | 2 | -0.29 | -0.01 | 25.45 | 24.00 | 2/20/2026 | Yes | 13 | 47 | None | |
| JPM | JPMorgan Chase & Company | Options Chain | 4.90 | 5.45 | 1.15 | 5.00 | 0.23 | 0.26 | 32 | 89 | -0.26 | -0.10 | 323.42 | 305.00 | 2/20/2026 | Yes | 11 | 78 | None | |
| TMUS | T-Mobile US Inc | Options Chain | 2.83 | 3.45 | 1.12 | 5.00 | 0.22 | 0.29 | 6 | 4 | -0.24 | -0.09 | 203.04 | 190.00 | 2/20/2026 | Yes | 10 | 67 | None | |
| TSM | Taiwan Semiconductor Manufacturing | Options Chain | 5.55 | 5.80 | 2.23 | 10.00 | 0.22 | 0.35 | 355 | 110 | -0.23 | -0.14 | 303.89 | 280.00 | 2/20/2026 | Yes | 22 | 68 |
Dividend Stock List |
|
| EPD | Enterprise Products Partners L P | Options Chain | 0.31 | 0.39 | 0.22 | 1.00 | 0.22 | 0.15 | 0 | 2 | -0.28 | 0.00 | 32.15 | 31.00 | 2/20/2026 | Yes | 11 | 67 | None | |
| C | Citigroup Inc | Options Chain | 2.40 | 2.50 | 1.08 | 5.00 | 0.22 | 0.31 | 373 | 256 | -0.29 | -0.05 | 117.21 | 110.00 | 2/20/2026 | Yes | 13 | 71 | None | |
| AXP | American Express Company | Options Chain | 6.30 | 6.80 | 2.12 | 10.00 | 0.21 | 0.28 | 7 | 7 | -0.26 | -0.14 | 373.38 | 350.00 | 2/20/2026 | Yes | 12 | 69 | None | |
| GLW | Corning Inc | Options Chain | 2.15 | 2.54 | 0.52 | 2.50 | 0.21 | 0.44 | 11 | 5 | -0.25 | -0.05 | 88.86 | 80.00 | 2/20/2026 | Yes | 8 | 55 | None | |
| CLX | Clorox Company | Options Chain | 2.00 | 2.70 | 1.02 | 5.00 | 0.20 | 0.31 | 154 | 68 | -0.30 | -0.04 | 100.83 | 95.00 | 2/20/2026 | Yes | 13 | 54 | None | |
| COP | Conoco Phillips | Options Chain | 1.47 | 1.56 | 0.51 | 2.50 | 0.20 | 0.28 | 40 | 514 | -0.25 | -0.03 | 93.87 | 87.50 | 2/20/2026 | Yes | 7 | 67 | None | |
| CSCO | Cisco Systems Inc | Options Chain | 1.28 | 1.42 | 0.51 | 2.50 | 0.20 | 0.28 | 48 | 21 | -0.27 | -0.03 | 77.11 | 72.50 | 2/20/2026 | Yes | 8 | 60 | None | |
| WFC | Wells Fargo & Company | Options Chain | 1.58 | 1.73 | 0.50 | 2.50 | 0.20 | 0.29 | 2184 | 1177 | -0.26 | -0.03 | 93.20 | 87.50 | 2/20/2026 | Yes | 11 | 74 | None | |
| GM | General Motors Company | Options Chain | 1.53 | 1.71 | 0.49 | 2.50 | 0.20 | 0.36 | 21 | 13 | -0.24 | -0.04 | 82.33 | 75.00 | 2/20/2026 | Yes | 9 | 60 | None | |
| AVB | Avalonbay Communities Inc | Options Chain | 2.10 | 3.20 | 0.97 | 5.00 | 0.19 | 0.21 | 1 | 4 | -0.29 | -0.06 | 181.31 | 175.00 | 2/20/2026 | Yes | 12 | 65 | None | |
| SYF | Synchrony Financial | Options Chain | 1.30 | 1.85 | 0.48 | 2.50 | 0.19 | 0.33 | 0 | 5 | -0.24 | -0.04 | 83.43 | 77.50 | 2/20/2026 | Yes | 15 | 70 | None | |
| FANG | Diamondback Energy Inc | Options Chain | 2.30 | 2.75 | 0.95 | 5.00 | 0.19 | 0.31 | 4 | 10 | -0.24 | -0.07 | 151.00 | 140.00 | 2/20/2026 | No | 11 | 70 | None | |
| BMY | Bristol-Myers Squibb Company | Options Chain | 0.69 | 0.72 | 0.19 | 1.00 | 0.19 | 0.26 | 36 | 15 | -0.20 | -0.01 | 54.21 | 50.00 | 2/20/2026 | Yes | 10 | 60 | None | |
| TGT | Target Corp | Options Chain | 1.77 | 1.83 | 0.93 | 5.00 | 0.19 | 0.33 | 75 | 30 | -0.25 | -0.04 | 97.75 | 90.00 | 2/20/2026 | No | 9 | 57 | None | |
| BAC | Bank Of America Corp | Options Chain | 0.94 | 1.00 | 0.44 | 2.50 | 0.18 | 0.26 | 438 | 209 | -0.28 | -0.02 | 55.00 | 52.50 | 2/20/2026 | Yes | 11 | 65 | None | |
| WMT | Walmart Inc | Options Chain | 1.68 | 1.78 | 0.86 | 5.00 | 0.17 | 0.27 | 105 | 36 | -0.24 | -0.04 | 111.41 | 105.00 | 2/20/2026 | Yes | 9 | 55 | None | |
| PR | Permian Resources Corp - Class A | Options Chain | 0.20 | 0.40 | 0.17 | 1.00 | 0.17 | 0.35 | 10 | 0 | -0.25 | -0.01 | 14.17 | 13.00 | 2/20/2026 | No | 11 | 67 | None | |
| GPN | Global Payments Inc | Options Chain | 1.15 | 2.25 | 0.85 | 5.00 | 0.17 | 0.41 | 16 | 32 | -0.23 | -0.04 | 79.31 | 70.00 | 2/20/2026 | Yes | 12 | 62 | None | |
| XOM | Exxon Mobil Corp | Options Chain | 1.64 | 1.78 | 0.85 | 5.00 | 0.17 | 0.22 | 491 | 146 | -0.29 | -0.03 | 120.34 | 115.00 | 2/20/2026 | Yes | 11 | 75 | None | |
| ICE | Intercontinental Exchange Inc | Options Chain | 1.40 | 2.60 | 0.82 | 5.00 | 0.16 | 0.21 | 2 | 0 | -0.25 | -0.06 | 163.16 | 155.00 | 2/20/2026 | Yes | 9 | 70 | None | |
| USB | U.S. Bancorp. | Options Chain | 0.65 | 0.76 | 0.40 | 2.50 | 0.16 | 0.26 | 189 | 0 | -0.23 | -0.02 | 54.56 | 50.00 | 2/20/2026 | Yes | 15 | 74 | None | |
| MET | Metlife Inc | Options Chain | 0.75 | 1.90 | 0.40 | 2.50 | 0.16 | 0.24 | 4 | 3 | -0.29 | -0.02 | 79.79 | 75.00 | 2/20/2026 | Yes | 15 | 62 | None | |
| KO | Coca-Cola Company | Options Chain | 0.69 | 0.76 | 0.38 | 2.50 | 0.15 | 0.17 | 63 | 25 | -0.26 | -0.02 | 70.07 | 67.50 | 2/20/2026 | Yes | 9 | 70 | None | |
| INFY | Infosys Ltd | Options Chain | 0.35 | 0.40 | 0.15 | 1.00 | 0.15 | 0.40 | 0 | 45 | -0.23 | -0.01 | 18.04 | 16.00 | 2/20/2026 | Yes | 16 | 54 | None |