DIA options — covered call & cash-secured put yields
SPDR Dow Jones Industrial Average ETF · ETF — Mega Cap Value
Top 5 covered-call strikes for DIA
Ranked by annualized yield. Updated every 5 minutes during market hours.
Loading top covered calls…
Top 5 cash-secured puts for DIA
Sub-spot strikes ranked by annualized return on capital.
Loading top cash-secured puts…
About DIA options
SPDR Dow Jones Industrial Average ETF (DIA) is a ETF — Mega Cap Value listed company with moderate implied volatility typical of large-cap US equities. DIA pays a 1.6% dividend. Dividend-capture risk on short calls is moderate. Monitor ex-dividend timing when selling near-term calls.
For wheel-strategy traders, DIA is a strong wheel candidate. The moderate implied volatility typical of large-cap US equities means cash-secured puts collect meaningful premium, and the underlying business profile (ETF — Mega Cap Value) makes it a name many income sellers would be comfortable being assigned at the right strike.
For income-strategy traders, the DIA option chain typically supports both conservative (delta around 0.20) and aggressive (delta around 0.35) premium-selling setups. The Live Opportunities ranking above scans every active expiration and surfaces the highest-yielding contracts by annualized return.
Income strategies on DIA
- Covered calls on DIA — if you own DIA shares. New to the strategy? Read the full covered-calls guide first.
- Cash-secured puts on DIA — if you have cash to deploy and would be comfortable owning DIA. See the cash-secured puts guide for mechanics.
- DIA wheel strategy — for repeating CSP → assignment → covered call → called-away cycles. The complete wheel-strategy guide covers stock selection and cycle math.
Related tickers
Other ETF names with similar liquidity profile:
Frequently asked questions
What are the best covered-call strikes for DIA right now?
The Top 5 list above ranks every covered-call strike across every upcoming expiration on DIA by annualized yield, refreshed every 5 minutes. Click any strike to open the calculator pre-filled with that contract.
Is DIA a good wheel-strategy stock?
For wheel-strategy traders, DIA is a strong wheel candidate. The moderate implied volatility typical of large-cap US equities means cash-secured puts collect meaningful premium, and the underlying business profile (ETF — Mega Cap Value) makes it a name many income sellers would be comfortable being assigned at the right strike.
What delta should I sell on DIA?
Most income sellers target a 0.20 to 0.35 delta strike. Conservative sellers stay near 0.20 (lower yield, lower assignment risk). Aggressive sellers go to 0.35 (higher yield, higher assignment risk). With moderate implied volatility typical of large-cap US equities, DIA works well across this range.
Does DIA pay a dividend, and does it affect my covered call?
DIA pays a 1.6% dividend. Dividend-capture risk on short calls is moderate. Monitor ex-dividend timing when selling near-term calls.