bdist_dmg

This command is available on Mac OS X systems; it creates an application bundle, then package it into a DMG disk image suitable for distribution and installation.

option name	description
volume_label	Volume label of the DMG disk image
applications_shortcut	Boolean for whether to include shortcuts to Applications in the DMG disk image
silent (-s)	suppress all output except warnings

This is the equivalent help to specify the same options on the command line:

python setup.py bdist_dmg --help