SPDR S&P 500 (SPY) Covered Calls
The investment seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks.
You can sell covered calls on SPDR S&P 500 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 SPY (prices last updated Thu 4:16 PM ET):
SPDR S&P 500 (SPY) Stock Quote | ||||||
---|---|---|---|---|---|---|
Last | Change | Bid | Ask | Volume | P/E | Market Cap |
404.75 | +4.40 | 404.38 | 404.40 | 69.5M | - | 343 |
Covered Calls For SPDR S&P 500 (SPY) | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
Feb 17 | 405 | 7.30 | 397.10 | 1.8% | 28.6% | |
Mar 17 | 405 | 11.04 | 393.36 | 2.8% | 20.0% | |
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Top 10 Open Interest For Feb 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPY covered calls | 6. | QQQ covered calls | 1. | SNAP covered calls | |
2. | EEM covered calls | 7. | TSLA covered calls | 2. | INTC covered calls | |
3. | FXI covered calls | 8. | AAPL covered calls | 3. | PTON covered calls | |
4. | AMZN covered calls | 9. | IWM covered calls | 4. | CVNA covered calls | |
5. | HYG covered calls | 10. | META covered calls | 5. | ALT covered calls |
Want more examples? SPXV Covered Calls | SPYC Covered Calls