GLD Covered Calls: Premium Income for SPDR Gold Shares
GLD tracks the price of gold. Gold volatility creates moderate covered call premiums as a portfolio diversifier.
What GLD shares could pay in covered call premium
GLD tracks the price of gold. Gold volatility creates moderate covered call premiums as a portfolio diversifier.
Covered Call Pro ranks live GLD call options by premium-per-day — strike, expiry, premium, and annualized yield — with illiquid chains filtered out. Run the live screener to see today's numbers.
GLD covered call FAQ
How much premium does a GLD covered call pay?
Premiums change daily with SPDR Gold Shares's stock price and implied volatility. The Covered Call Pro screener ranks live GLD strikes by premium-per-day so you can see exactly what your shares could pay right now.
Do I need 100 shares of GLD to sell a covered call?
Yes. One options contract covers 100 shares, so selling one covered call on GLD requires owning at least 100 shares. If you own fewer, the position would not be "covered."
What is the risk of selling covered calls on GLD?
The main trade-off is capped upside: if SPDR Gold Shares rises above your strike price by expiration, your shares can be called away at the strike. You keep the premium either way, but you give up gains beyond the strike. You also keep full downside exposure to the stock itself. This page is educational information, not investment advice.
Related covered call stocks
- SPY (SPDR S&P 500 ETF) covered calls
- QQQ (Invesco QQQ) covered calls
- IWM (iShares Russell 2000) covered calls
- DIA (SPDR Dow Jones ETF) covered calls
- XLF (Financial Select SPDR) covered calls
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Educational information only — not investment advice. Options involve risk, including capped upside and full downside exposure to the underlying stock.