DOW wheel strategy & cash-secured put scanner. DOW is currently trading at $31.81 and trading above 3/4 key moving averages. This page shows the live DOW options chain across 5 expirations (2026-10-23 through 2026-11-20, DTE 1–29 days), optimized for cash-secured put and wheel strategy candidates. Last earnings: October 22, 2026 (1 day ago — next earnings date not yet announced). No upcoming earnings conflict for near-term expiries.
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 20.00 | 0.21 | 14.94 | 37.1% | 383.2% |
| 21.00 | 2.12 | 13.67 | 34.0% | 3684.8% |
| 22.00 | 0.01 | 12.41 | 30.8% | 16.6% |
| 23.00 | 0.21 | 11.14 | 27.7% | 333.3% |
| 24.00 | 0.21 | 9.88 | 24.6% | 319.4% |
| 25.00 | 0.01 | 8.61 | 21.4% | 14.6% |
| 25.50 | 0.24 | 7.98 | 19.8% | 343.5% |
| 26.00 | 0.09 | 7.35 | 18.3% | 126.3% |
| 26.50 | 0.03 | 6.72 | 16.7% | 41.3% |
| 27.00 | 0.03 | 6.08 | 15.1% | 40.6% |
| 27.50 | 0.05 | 5.45 | 13.5% | 66.4% |
| 28.00 | 0.01 | 4.82 | 12.0% | 13.0% |
| 28.50 | 0.05 | 4.19 | 10.4% | 64.0% |
| 29.00 | 0.03 | 3.55 | 8.8% | 37.8% |
| 29.50 | 0.02 | 2.92 | 7.3% | 24.7% |
| 30.00 | 0.03 | 2.29 | 5.7% | 36.5% |
| 30.50 | 0.36 | 1.66 | 4.1% | 430.8% |
| 31.00 | 0.18 | 1.02 | 2.5% | 211.9% |
| 31.50 | 0.32 | 0.39 | 1.0% | 370.8% |
| LAST PRICE: $31.81 | ||||
| 32.00 | 0.23 | -0.24 | -0.6% | 262.3% |
| 32.50 | 0.10 | -0.87 | -2.2% | 112.3% |
| 33.00 | 0.09 | -1.51 | -3.7% | 99.5% |
| 33.50 | 0.06 | -2.14 | -5.3% | 65.4% |
| 34.00 | 0.15 | -2.77 | -6.9% | 161.0% |
| 35.00 | 0.01 | -4.03 | -10.0% | 10.4% |
| 36.00 | 0.52 | -5.3 | -13.2% | 527.2% |
| 37.00 | 0.01 | -6.56 | -16.3% | 9.9% |
| 38.00 | 0.05 | -7.83 | -19.5% | 48.0% |
| 39.00 | 0.01 | -9.09 | -22.6% | 9.4% |
| 41.00 | 0.25 | -11.62 | -28.9% | 222.6% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 19.00 | 0.05 | 16.2 | 40.3% | 12.0% |
| 20.00 | 2.13 | 14.94 | 37.1% | 485.9% |
| 22.00 | 1.15 | 12.41 | 30.8% | 238.5% |
| 23.00 | 1.15 | 11.14 | 27.7% | 228.1% |
| 24.00 | 1.01 | 9.88 | 24.6% | 192.0% |
| 25.00 | 0.03 | 8.61 | 21.4% | 5.5% |
| 25.50 | 0.10 | 7.98 | 19.8% | 17.9% |
| 26.00 | 0.06 | 7.35 | 18.3% | 10.5% |
| 26.50 | 0.05 | 6.72 | 16.7% | 8.6% |
| 27.00 | 0.06 | 6.08 | 15.1% | 10.1% |
| 27.50 | 0.16 | 5.45 | 13.5% | 26.5% |
| 28.00 | 0.05 | 4.82 | 12.0% | 8.1% |
| 28.50 | 0.11 | 4.19 | 10.4% | 17.6% |
| 29.00 | 0.10 | 3.55 | 8.8% | 15.7% |
| 29.50 | 0.14 | 2.92 | 7.3% | 21.7% |
| 30.00 | 0.16 | 2.29 | 5.7% | 24.3% |
| 31.00 | 0.45 | 1.02 | 2.5% | 66.2% |
| LAST PRICE: $31.81 | ||||
| 32.00 | 0.64 | -0.24 | -0.6% | 91.2% |
| 32.50 | 0.48 | -0.87 | -2.2% | 67.4% |
| 33.00 | 0.28 | -1.51 | -3.7% | 38.7% |
| 33.50 | 0.17 | -2.14 | -5.3% | 23.2% |
| 34.00 | 0.19 | -2.77 | -6.9% | 25.5% |
| 35.00 | 0.75 | -4.03 | -10.0% | 97.8% |
| 36.00 | 1.00 | -5.3 | -13.2% | 126.7% |
| 37.00 | 0.07 | -6.56 | -16.3% | 8.6% |
| 38.00 | 1.20 | -7.83 | -19.5% | 144.1% |
| 39.00 | 1.15 | -9.09 | -22.6% | 134.5% |
| 40.00 | 0.25 | -10.36 | -25.7% | 28.5% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 19.00 | 1.01 | 16.2 | 40.3% | 129.4% |
| 20.00 | 1.01 | 14.94 | 37.1% | 122.9% |
| 23.00 | 0.10 | 11.14 | 27.7% | 10.6% |
| 24.00 | 0.10 | 9.88 | 24.6% | 10.1% |
| 25.00 | 0.06 | 8.61 | 21.4% | 5.8% |
| 26.00 | 0.35 | 7.35 | 18.3% | 32.8% |
| 27.00 | 0.15 | 6.08 | 15.1% | 13.5% |
| 28.00 | 0.13 | 4.82 | 12.0% | 11.3% |
| 29.00 | 0.24 | 3.55 | 8.8% | 20.1% |
| 30.00 | 0.38 | 2.29 | 5.7% | 30.8% |
| 31.00 | 0.66 | 1.02 | 2.5% | 51.8% |
| LAST PRICE: $31.81 | ||||
| 32.00 | 0.85 | -0.24 | -0.6% | 64.6% |
| 33.00 | 0.46 | -1.51 | -3.7% | 33.9% |
| 34.00 | 0.27 | -2.77 | -6.9% | 19.3% |
| 35.00 | 0.22 | -4.03 | -10.0% | 15.3% |
OptionSpeed's scanner highlights DOW strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on DOW is the $30.50 strike at 430.8% annualized.
DOW is trading at $31.81 with an ATR of $0.79. DOW is trading above 3/4 key moving averages. Last earnings was October 22, 2026 (1 day ago); next earnings date not yet announced — no upcoming earnings conflict for near-term expiries.
Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $30.50 strike on DOW, you need $3,050 in cash per contract. Strikes closer to the current $31.81 price require more capital but offer higher premiums and lower assignment probability.
The wheel on DOW follows three steps: (1) sell a CSP at a strike you'd be comfortable owning DOW at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.
Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.
Buffer percentage measures how far the strike is below the current stock price. For DOW at $31.81, a strike at $29.50 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.
See also: cash-secured put primer · wheel strategy guide · today's Super Stocks picks · all 671 tickers
