01 — GLD · COVERED CALLS

Best GLD 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.

Largest gold ETF with steady options flow tied to real-rate moves, dollar strength, and central-bank buying.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
SPDR Gold Shares
Commodity ETF
GLD
$433.77-0.9% / 30d
IV rank (1y)
28.7% · low
Option vol
44K /day

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
Sort by
Top pick
$444 call · May 29
21 DAYS · 2.9% OTM · SELL TO OPEN
Credit
$727
Annualized
29.27%
PoP
65%
StrikeExpirationCreditAnnualized PoP
$441
2.2% OTM
May 29
21 days
$721
$7.21 / share
29.03%60%
$442
2.4% OTM
May 29
21 days
$667
$6.67 / share
26.86%62%
$443
2.6% OTM
May 29
21 days
$589
$5.89 / share
23.72%63%
$447
3.5% OTM
Jun 12
35 days
$963
$9.63 / share
23.26%64%
$444
2.9% OTM
Jun 5
28 days
$759
$7.59 / share
22.92%62%
$444
2.9% OTM
Jun 12
35 days
$941
$9.41 / share
22.73%60%
$443
2.6% OTM
Jun 5
28 days
$751
$7.51 / share
22.68%61%
$445
3.1% OTM
May 29
21 days
$560
$5.60 / share
22.55%66%
$448
3.8% OTM
Jun 12
35 days
$924
$9.24 / share
22.32%65%
10 of 39 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

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

P&L at expiration · $444 call · 21 DTE

$0+$1,959losses$424.41 BREAKEVEN$444 STRIKE

Key numbers

Premium collected+$727
Max profit+$1,959
Breakeven$424.41
Capped above$444
Probability of profit65%
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 GLD.

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.