iShares MSCI EAFE Small-Cap ETF (SCZ) Covered Calls
The iShares MSCI EAFE Small-Cap ETF is a passively managed fund that tracks the performance of small-capitalization companies in developed markets outside of the U.S. and Canada. By providing exposure to thousands of smaller firms across Europe, Australia, and Asia, the fund offers a unique way to capture the growth potential and diversification benefits of international small-cap equities, which often respond to different economic drivers than large-cap global stocks.
You can sell covered calls on iShares MSCI EAFE Small-Cap ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for SCZ (prices last updated Mon 4:16 PM ET):
| iShares MSCI EAFE Small-Cap ETF (SCZ) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 76.08 | +0.11 | 72.52 | 89.00 | 3.0M | - | 10 |
| Covered Calls For iShares MSCI EAFE Small-Cap ETF (SCZ) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 76 | 1.55 | 87.45 | -13.1% | -251.7% | |
| May 15 | 76 | 2.40 | 86.60 | -12.2% | -94.7% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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Core Business and Products
This ETF provides efficient, broad-based exposure to the small-cap segment of developed international markets. By investing in smaller companies, the fund taps into firms that may be less covered by institutional analysts and more focused on domestic growth within their respective regions. This creates a diversification benefit, as international small-caps often have a different return profile than the mega-cap multinationals that dominate standard developed market indices.
Competitive Landscape
SCZ is a leader in the international small-cap space with a deep, optionable liquidity profile. Key optionable competitors include the Vanguard FTSE All-World ex-US Small-Cap ETF and the Schwab International Small-Cap Equity ETF, both of which provide substantial liquidity for those looking to manage risk or generate income through options. Investors typically select between these based on their specific geographic focus and preference for index methodology.
Strategic Outlook and Innovation
The strategic utility of this fund is to serve as a long-term growth and diversification anchor. International small-caps have historically provided a premium over time, though they often exhibit higher volatility during market stress. As global trade and economic cycles fluctuate, SCZ remains an evergreen instrument for tactical asset allocation, offering investors a transparent and liquid way to gain exposure to the engine of the international middle-market economy, away from the concentration of large-cap benchmarks.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | QQQ covered calls | 1. | REPL covered calls | |
| 2. | EEM covered calls | 7. | GLD covered calls | 2. | BE covered calls | |
| 3. | NVDA covered calls | 8. | TLT covered calls | 3. | SGML covered calls | |
| 4. | KWEB covered calls | 9. | HYG covered calls | 4. | ONDS covered calls | |
| 5. | SPY covered calls | 10. | EWZ covered calls | 5. | NKE covered calls | |
Want more examples? SCYX Covered Calls | SD Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
