01 — DIA · BULL PUT SPREADS

Best DIA bull put spreads 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.

Price-weighted Dow tracker with options flow concentrated in retail covered-call writers.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
SPDR Dow Jones Industrial Average ETF
Index ETF
DIA
$517.13+1.7% / 30d
IV rank (1y)
20.6% · low
Option vol
10K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$512.5/$502.5 put spread · Nov 27
27 DAYS · 0.9% OTM · 10 WIDE · SELL TO OPEN
Credit
$445
Return
80.18%
PoP
61%
SpreadExpirationCreditReturn ↓PoP
$513 / $503
0.8% OTM · 10 wide
Nov 27
27 days
$393
$3.93 / share
64.74%60%
$509 / $499
1.6% OTM · 10 wide
Nov 27
27 days
$345
$3.45 / share
52.67%67%
$508 / $498
1.8% OTM · 10 wide
Nov 27
27 days
$337
$3.37 / share
50.83%69%
$507.5 / $497
1.9% OTM · 11 wide
Dec 4
34 days
$336
$3.36 / share
47.06%68%
$511 / $501
1.2% OTM · 10 wide
Nov 27
27 days
$300
$3.00 / share
42.86%64%
$510 / $500
1.4% OTM · 10 wide
Dec 4
34 days
$290
$2.90 / share
40.85%64%
$507 / $497
2.0% OTM · 10 wide
Nov 27
27 days
$256
$2.56 / share
34.41%70%
$507 / $497
2.0% OTM · 10 wide
Dec 4
34 days
$256
$2.56 / share
34.41%69%
$512 / $502
1.0% OTM · 10 wide
Nov 27
27 days
$253
$2.53 / share
33.87%62%
10 of 24 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $512.5/$502.5 put spread · 27 DTE

$0+$445−$555$503 LONG$508.05 BE$513 SHORT

Key numbers

Premium collected+$445
Max profit+$445
Max loss−$555
Breakeven$508.05
Spread$512.5 / $502.5
Probability of profit61%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on DIA.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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