01 — DIA · COVERED CALLS

Best DIA covered calls 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

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
$502 call · May 29
21 DAYS · 1.2% OTM · SELL TO OPEN
Credit
$518
Annualized
18.16%
PoP
62%
StrikeExpirationCreditAnnualized PoP
$504
1.6% OTM
Jun 5
28 days
$675
$6.75 / share
17.74%63%
$503
1.4% OTM
May 29
21 days
$433
$4.33 / share
15.18%64%
$504
1.6% OTM
Jun 12
35 days
$721
$7.21 / share
15.16%61%
$503
1.4% OTM
Jun 5
28 days
$515
$5.15 / share
13.54%61%
$507.5
2.3% OTM
Jun 5
28 days
$492
$4.92 / share
12.93%70%
$502.5
1.3% OTM
Jun 5
28 days
$455
$4.55 / share
11.96%60%
$504
1.6% OTM
May 29
21 days
$341
$3.41 / share
11.95%67%
$505
1.8% OTM
Jun 5
28 days
$425
$4.25 / share
11.17%65%
$505
1.8% OTM
Jun 12
35 days
$530
$5.30 / share
11.15%63%
10 of 26 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $502 call · 21 DTE

$0+$518losses$490.73 BREAKEVEN$502 STRIKE

Key numbers

Premium collected+$518
Max profit+$518
Breakeven$490.73
Capped above$502
Probability of profit62%
Days to expiration21

When this trade makes sense

Use when

  • You already own 100+ shares of the stock
  • You'd be fine selling at the strike price
  • You think the stock goes flat or slightly up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to rip higher
  • You're attached to the shares (tax, conviction)
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full covered calls 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.