01 — DIA · IRON CONDOR

Best DIA iron condor 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 · 4-leg iron condor
$490/$499P + $535/$545C · Dec 4
34 DAYS · BOTH WINGS 10 WIDE · SELL TO OPEN
Credit
$548
Return
121.24%
PoP
61%
WingsExpirationCreditReturn ↓PoP
$497P / $537.5C
12 wide wings
Dec 4
34 days
$404
$4.04 / share
50.75%65%
$496P / $538C
11 wide wings
Dec 4
34 days
$331
$3.31 / share
43.04%67%
$498P / $536C
10 wide wings
Dec 4
34 days
$287
$2.87 / share
40.25%63%
$500P / $534C
10 wide wings
Nov 27
27 days
$282
$2.82 / share
39.28%64%
$495P / $539C
10 wide wings
Nov 27
27 days
$280
$2.80 / share
38.89%73%
$501P / $533C
11 wide wings
Nov 27
27 days
$257
$2.57 / share
30.49%61%
$498P / $536C
10 wide wings
Nov 27
27 days
$187
$1.87 / share
23%68%
$499P / $535C
10 wide wings
Nov 27
27 days
$172
$1.72 / share
20.77%66%
$496P / $538C
11 wide wings
Nov 27
27 days
$147
$1.47 / share
15.42%71%
10 of 12 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $490/$499P + $535/$545C · 34 DTE

$0+$548−$452$490$499P$535C$545

Key numbers

Premium collected+$548
Max profit+$548
Max loss−$452
Profit zone$493.52 — $540.48
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor 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.

      Analyze DIA free →