iShares MSCI USA Size Factor ETF (SIZE) Covered Calls
The iShares MSCI USA Size Factor ETF (SIZE) is a passively managed ETF that tracks the MSCI USA Size Factor Index. It provides exposure to U.S. large- and mid-cap stocks with a focus on smaller-capitalization companies within that universe, seeking to capture the "size premium" over the long term.
You can sell covered calls on iShares MSCI USA Size Factor 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 SIZE (prices last updated Tue 3:20 PM ET):
| iShares MSCI USA Size Factor ETF (SIZE) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 162.21 | +1.26 | 162.15 | 162.24 | 2K | - | 0.7 |
| Covered Calls For iShares MSCI USA Size Factor ETF (SIZE) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 162 | 0.10 | 162.14 | -0.1% | -9.1% | |
| Apr 17 | 162 | 2.00 | 160.24 | 1.1% | 12.5% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The iShares MSCI USA Size Factor ETF (SIZE) applies a factor-based approach to the U.S. equity market. By overweighting smaller-cap companies within the broad U.S. large- and mid-cap segment, the fund aims to exploit the historical outperformance of smaller firms compared to their mega-cap peers. It is designed for investors who believe in the long-term potential of the size premium but want to maintain a diversified exposure across the U.S. equity landscape.
Important Note on Options: SIZE is functionally non-optionable. While some data feeds may display a technical options chain, there is no meaningful liquidity, volume, or open interest. Any attempt to use this ticker for covered calls, protective puts, or other derivative strategies will result in immediate and significant loss of capital due to prohibitive bid-ask spreads. This fund should be utilized strictly for long-term passive equity allocation.
Competitive Landscape
Investors seeking liquid, optionable vehicles to express a view on small-cap equities or to capture the size factor with the depth required for active strategy execution should utilize these industry-standard benchmarks:
- iShares Russell 2000 ETF (IWM): The gold standard for small-cap liquidity; it is the most widely traded, optionable vehicle for small-cap exposure.
- iShares Core S&P Small-Cap ETF (IJR): A highly liquid, optionable core holding for small-cap market-cap-weighted exposure.
- SPDR S&P 500 ETF Trust (SPY): Traders often use the deep liquidity of the S&P 500 to proxy broad U.S. market risk when specific factor-based ETFs lack the options depth for hedging.
Strategic Outlook
SIZE’s outlook is driven by the performance of the U.S. economy and the historical tendency for smaller-cap stocks to outperform during periods of economic expansion and recovery. It is intended to be a strategic, long-term portfolio tilt, not a tactical trading tool.
| Top 10 Open Interest For Mar 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA covered calls | 6. | QQQ covered calls | 1. | NVCR covered calls | |
| 2. | SLV covered calls | 7. | TSLA covered calls | 2. | PL covered calls | |
| 3. | SPY covered calls | 8. | SOFI covered calls | 3. | RCAT covered calls | |
| 4. | EEM covered calls | 9. | EWZ covered calls | 4. | DLO covered calls | |
| 5. | IBIT covered calls | 10. | FXI covered calls | 5. | LUNR covered calls | |
Want more examples? SIVR Covered Calls | SJB 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.
