Global X Super Dividend ETF (DIV) Covered Calls
The Global X SuperDividend U.S. ETF (DIV) is a passively managed exchange-traded fund that tracks the Indxx SuperDividend U.S. Low Volatility Index. It provides exposure to 50 of the highest dividend-yielding U.S. securities, utilizing a low-volatility, equal-weighted methodology to capture yield.
You can sell covered calls on Global X Super Dividend ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for DIV (prices last updated Thu 1:00 PM ET):
| Global X Super Dividend ETF (DIV) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 18.95 | -0.02 | 18.95 | 18.96 | 182K | - | 0.7 |
| Covered Calls For Global X Super Dividend ETF (DIV) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 19 | 0.00 | 18.96 | 0.0% | 0.0% | |
| Apr 17 | 19 | 0.00 | 18.96 | 0.0% | 0.0% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The Global X SuperDividend U.S. ETF (DIV) is designed to provide high-income potential by screening for high-dividend-paying U.S. stocks that also exhibit lower-than-average volatility. The fund distributes dividends on a monthly basis, making it a popular choice for retirees and income-focused investors who prioritize consistent cash flow. Its portfolio is well-diversified across sectors like Real Estate (REITs), Energy, and Utilities.
Important Note on Options: DIV is functionally non-optionable. While exchange-listed options may technically appear in data feeds, the market is characterized by near-zero volume and open interest. Any attempt to use this ticker for options strategies—such as covered calls or protective puts—will result in immediate and significant loss of capital due to prohibitive bid-ask spreads. This fund should be treated strictly as a long-term equity income position.
Competitive Landscape
Investors seeking liquid, optionable alternatives to express a view on dividend-paying equities or to hedge income-focused portfolio risk should utilize more liquid, industry-standard benchmarks:
- Schwab US Dividend Equity ETF (SCHD): A massive, highly liquid, and optionable benchmark for dividend-growth and high-quality income investing.
- Vanguard High Dividend Yield ETF (VYM): The industry-standard "liquidity hub" for U.S. high-dividend exposure; it offers the depth required for professional options strategies.
- SPDR S&P Dividend ETF (SDY): An optionable, high-yield "Dividend Aristocrat" benchmark, favored for its focus on long-term dividend growth consistency.
Strategic Outlook
DIV’s outlook is driven by the performance of defensive sectors like REITs and utilities, and the overall interest rate environment. Because it focuses on high-yield stocks, it can be sensitive to "yield traps" where price depreciation offsets the high dividend yield. It is best utilized as a long-term "set-and-forget" income enhancer for a diversified portfolio, rather than a tactical tool for active derivative management.
| Top 10 Open Interest For Mar 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA covered calls | 6. | QQQ covered calls | 1. | PL covered calls | |
| 2. | SLV covered calls | 7. | TSLA covered calls | 2. | NVCR covered calls | |
| 3. | SPY covered calls | 8. | SOFI covered calls | 3. | FLY covered calls | |
| 4. | EEM covered calls | 9. | EWZ covered calls | 4. | AAOI covered calls | |
| 5. | IBIT covered calls | 10. | FXI covered calls | 5. | ONDS covered calls | |
Want more examples? DIS Covered Calls | DIVB Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
