State Street SPDR Bloomberg International Corporate Bond ETF (IBND) Covered Calls

Running IBND covered calls helps you generate income from State Street SPDR Bloomberg International Corporate Bond ETF shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best IBND covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If IBND stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling IBND covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given IBND covered call is worth writing.

The SPDRBloomberg International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond IndexSeeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United StatesThe securities in the Index must have a $1 billion USD equivalent market capitalization outstanding, have at least 1 year remaining, must be fixed rate (although zero coupon bonds and step-ups are permitted) and must be rated investment gradeMarket cap weighted and reconstituted on the last business day of the month