-1x Short VIX Futures ETF (SVIX) Covered Calls

Running SVIX covered calls helps you generate consistent income from -1x Short VIX Futures ETF's shares you already own, turning a long stock position into a yield-producing asset. A covered call on -1x Short VIX Futures ETF involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best SVIX covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if SVIX 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 SVIX covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given -1x Short VIX Futures ETF covered call is worth writing.

The index measures the daily inverse performance of a portfolio of first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The index is calculated daily at 4:00 p.m. (Eastern time) and at a value calculated from the average price for the futures contracts between 3:45 p.m. (Eastern time) and 4:00 p.m. (Eastern time).

Income-focused investors, long-term SVIX holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling SVIX covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best -1x Short VIX Futures ETF covered calls come to you, already filtered for the metrics that matter.