01 — SLV · COVERED CALLS

Best SLV covered calls 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.

Silver ETF with higher volatility than gold thanks to industrial demand exposure and smaller market depth.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
iShares Silver Trust
Commodity ETF
SLV
$44.60-18.2% / 30d
IV rank (1y)
6% · low
Option vol
39K /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
$47 call · Dec 4
34 DAYS · 5.4% OTM · SELL TO OPEN
Credit
$143
Return
3.21%
PoP
62%
StrikeExpirationCreditReturn ↓PoP
$47.5
6.5% OTM
Dec 4
34 days
$131
$1.31 / share
2.94%65%
$47
5.4% OTM
Nov 27
27 days
$119
$1.19 / share
2.67%65%
$48
7.6% OTM
Dec 4
34 days
$111
$1.11 / share
2.49%68%
$48.5
8.7% OTM
Dec 4
34 days
$97
$0.97 / share
2.17%71%
$48
7.6% OTM
Nov 27
27 days
$90
$0.90 / share
2.02%71%
$49
9.9% OTM
Dec 4
34 days
$87
$0.87 / share
1.95%74%
$48.5
8.7% OTM
Nov 27
27 days
$78
$0.78 / share
1.75%74%
8 of 8 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $47 call · 34 DTE

$0+$383losses$43.17 BREAKEVEN$47 STRIKE

Key numbers

Premium collected+$143
Max profit+$383
Breakeven$43.17
Capped above$47
Probability of profit62%
Days to expiration34

When this trade makes sense

Use when

  • ✓You already own 100+ shares of the stock
  • ✓You'd be fine selling at the strike price
  • ✓You think the stock goes flat or slightly up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to rip higher
  • ✕You're attached to the shares (tax, conviction)
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on SLV.

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

Analyze SLV free →