01 — DIA · BEAR CALL SPREADS

Best DIA bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Price-weighted Dow tracker with options flow concentrated in retail covered-call writers.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
SPDR Dow Jones Industrial Average ETF
Index ETF
DIA
$522.73+2.8% / 30d
IV rank (1y)
13.3% · low
Option vol
10K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$530/$540 call spread · Dec 4
36 DAYS · 1.0% OTM · 10 WIDE · SELL TO OPEN
Credit
$442
Return
79.21%
PoP
60%
SpreadExpirationCreditReturn ↓PoP
$531 / $541
1.2% OTM · 10 wide
Dec 4
36 days
$430
$4.30 / share
75.44%62%
$532.5 / $542
1.5% OTM · 10 wide
Dec 4
36 days
$379
$3.79 / share
66.37%65%
$532 / $542
1.4% OTM · 10 wide
Dec 4
36 days
$388
$3.88 / share
63.4%64%
$530 / $540
1.0% OTM · 10 wide
Nov 27
29 days
$384
$3.84 / share
62.34%63%
$535 / $545
2.0% OTM · 10 wide
Dec 4
36 days
$332
$3.32 / share
49.7%69%
$533 / $543
1.6% OTM · 10 wide
Dec 4
36 days
$306
$3.06 / share
44.09%66%
$528 / $538
0.6% OTM · 10 wide
Nov 20
22 days
$298
$2.98 / share
42.45%60%
$537.5 / $547
2.4% OTM · 10 wide
Dec 4
36 days
$278
$2.78 / share
41.37%74%
$537 / $547
2.4% OTM · 10 wide
Dec 4
36 days
$285
$2.85 / share
39.86%73%
10 of 26 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $530/$540 call spread · 36 DTE

$0+$442−$558$540 LONG$534.42 BE$530 SHORT

Key numbers

Premium collected+$442
Max profit+$442
Max loss−$558
Breakeven$534.42
Spread$530 / $540
Probability of profit60%
Days to expiration36

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on DIA.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.