Invesco S&P International Developed Low Volatility ETF (IDLV) Covered Calls
The Invesco S&P International Developed Low Volatility ETF (IDLV) is a passively managed exchange-traded fund that tracks the S&P International Developed Low Volatility Index. It provides exposure to 200 stocks from developed markets outside of the U.S., selected for their low volatility characteristics.
You can sell covered calls on Invesco S&P International Developed Low Volatility 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 IDLV (prices last updated Thu 4:16 PM ET):
| Invesco S&P International Developed Low Volatility ETF (IDLV) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 34.68 | -0.06 | 17.33 | 51.99 | 30K | - | 0.7 |
| Covered Calls For Invesco S&P International Developed Low Volatility ETF (IDLV) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 35 | 0.00 | 51.99 | -32.7% | -746.0% | |
| May 15 | 35 | 0.00 | 51.99 | -32.7% | -271.3% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The Invesco S&P International Developed Low Volatility ETF (IDLV) is designed for investors seeking to mitigate risk in their international equity allocation. By screening for the least volatile stocks within developed international markets, the fund aims to provide a smoother ride during market downturns. Its portfolio is typically tilted toward defensive sectors such as utilities, consumer staples, and telecommunications.
Important Note on Options: IDLV 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 buy-and-hold equity position.
Competitive Landscape
Investors seeking liquid, optionable alternatives to express a view on international equities or to hedge regional low-volatility exposure should utilize more liquid, industry-standard benchmarks:
- iShares MSCI EAFE ETF (EFA): The core, highly liquid, and optionable benchmark for developed international markets; it is the industry standard for institutional and retail hedging of international exposure.
- iShares International Select Dividend ETF (IDV): A liquid, optionable alternative for international income-focused strategies, often used as a proxy for defensive international exposure.
- SPDR S&P 500 ETF Trust (SPY): Traders often use core market liquidity to hedge overall international risk when specific low-volatility international ETFs lack the options depth for strategy execution.
Strategic Outlook
IDLV’s outlook is driven by global interest rate policies and the relative attractiveness of defensive equities versus growth-oriented assets. It is designed to act as a stabilizer for a portfolio during periods of heightened global volatility. It is not intended for tactical derivative management, but rather as a passive, long-term component of a globally diversified portfolio.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | SPY covered calls | 1. | REPL covered calls | |
| 2. | EEM covered calls | 7. | TLT covered calls | 2. | CMPX covered calls | |
| 3. | NVDA covered calls | 8. | HYG covered calls | 3. | AVTX covered calls | |
| 4. | KWEB covered calls | 9. | EWZ covered calls | 4. | APLD covered calls | |
| 5. | QQQ covered calls | 10. | SOFI covered calls | 5. | OCUL covered calls | |
Want more examples? IDHQ Covered Calls | IDN 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.
