01 — DIA · CASH-SECURED PUTS

Best DIA cash-secured puts 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.

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02 — Live setups

Suggested strikes

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

Days to expiration
Probability of profit
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Top pick
$487.5 put · May 29
21 DAYS · 1.7% OTM · SELL TO OPEN
Credit
$550
Annualized
19.28%
PoP
71%
StrikeExpirationCreditAnnualized PoP
$493
0.6% OTM
May 29
21 days
$500
$5.00 / share
17.52%60%
$491
1.0% OTM
Jun 12
35 days
$811
$8.11 / share
17.05%62%
$492
0.8% OTM
May 29
21 days
$480
$4.80 / share
16.82%62%
$491
1.0% OTM
May 29
21 days
$436
$4.36 / share
15.28%65%
$492.5
0.7% OTM
Jun 5
28 days
$577
$5.77 / share
15.17%60%
$484
2.4% OTM
Jun 12
35 days
$712
$7.12 / share
14.97%72%
$492
0.8% OTM
Jun 5
28 days
$562
$5.62 / share
14.77%61%
$490
1.2% OTM
May 29
21 days
$405
$4.05 / share
14.19%67%
$491
1.0% OTM
Jun 5
28 days
$538
$5.38 / share
14.14%63%
10 of 33 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $487.5 put · 21 DTE

$0+$550losses$482.00 BREAKEVEN$488 STRIKE

Key numbers

Premium collected+$550
Max profit+$550
Breakeven$482.00
Capped above$487.5
Probability of profit71%
Days to expiration21

When this trade makes sense

Use when

  • You have cash to buy 100 shares at the strike
  • You'd be happy owning the stock at the strike price
  • You think the stock holds or drifts up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to drop hard
  • You don't actually want to own the stock
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full cash-secured puts 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.