ETF - Index
DIA
SPDR Dow Jones Industrial Average ETF
Blue-chip income from DIA with covered calls and cash secured puts. 30 Dow Jones companies exposure.
Monthly Premium0.8-1.4%
Annualized Return10-17%
Stock Price$420-450
IV RankLow (18-30)
Options LiquidityVery Good
Dividend Yield1.6%
Why DIA for Covered Calls & Cash Secured Puts?
DIA provides blue-chip exposure with lower volatility than QQQ. Monthly dividend payments. Conservative alternative to SPY.
Example Covered Call Trade
DIACovered Call
Strike Price$450 (3% OTM)
Expiration30 days
Premium$4.50 per share
Return If Flat1.0% ($450)
Return If Called4.0% ($1,750)
Keep Probability75% keep shares
Recommended Strategy for DIA
Ultra-conservative calls 2-4% OTM. Good for retirees wanting stable blue-chip income.
Risks to Consider
- Lower premium than tech-heavy ETFs
- Only 30 stocks
- Price-weighted methodology
- Expensive per share
Analyze DIA Covered Calls Now
Use our free calculator to find the optimal strike price for your goals
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