ETF - Commodity
GLD
SPDR Gold Shares
Generate income from gold with GLD covered calls and cash secured puts. Physical gold exposure with options income.
Monthly Premium0.8-1.5%
Annualized Return10-18%
Stock Price$230-260
IV RankLow-Moderate (20-35)
Options LiquidityExcellent
Dividend Yield0%
Why GLD for Covered Calls & Cash Secured Puts?
GLD provides gold exposure with options income potential. Hedge against inflation and currency debasement. No storage hassles.
Example Covered Call Trade
GLDCovered Call
Strike Price$260 (4% OTM)
Expiration30 days
Premium$2.50 per share
Return If Flat1.0% ($250)
Return If Called4.8% ($1,200)
Keep Probability74% keep shares
Recommended Strategy for GLD
Sell calls 3-5% OTM to generate income from gold holdings. Good for portfolio diversification.
Risks to Consider
- No yield without options
- Gold price volatility
- Opportunity cost vs stocks
- Storage/expense fees
Analyze GLD Covered Calls Now
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