Top 5 Canadian Covered Call Screen Results – February 2026 (Feb 20 Expiry)
Top 5 Canadian Covered Call Screen Results — February 2026 (Expires Fri, Feb 20)
Important Legal & Risk Disclosure
This article is provided for informational and educational purposes only. It does not constitute investment advice,
trading advice, or a recommendation to buy, sell, or hold any security or derivatives instrument. The information is
general in nature and does not consider your financial situation, objectives, or risk tolerance.
This content is general market commentary produced by a rules-based model. Nothing herein is a solicitation or
an offer to buy or sell securities or derivatives.
Optrader is not registered as an investment dealer, adviser, or portfolio manager with any Canadian securities
regulatory authority. Options involve significant risk and are not suitable for all investors. Past performance,
historical “win rates,” seasonality, and back-tested results are not indicative of future performance. Data may be
delayed or change without notice. Consult a licensed financial professional before trading options.
Users remain solely responsible for any trading decisions made using this information.
For the February 20, 2026 expiry, the list below reflects a rule-based screening snapshot generated using predefined filters. Results are ordered primarily by February seasonality win rate (when available), then cross-checked using ROO %, delta, Scouter Score, liquidity (OI), and sentiment. To reduce concentration, the list limits exposure to no more than two resource-based names.
What the Metrics Mean
- ROO % (Return on Option): premium yield for this expiry window (not annualized).
- Δ (Delta): proxy for assignment odds and price sensitivity (−1 to +1).
- OI (Open Interest): number of active contracts at the chosen strike — higher values suggest stronger liquidity and easier trade execution.
- Scouter Score (1–10): composite rank blending fundamentals, technicals, liquidity, and stability.
- News Sentiment (−1 to +1): recent media tone.
- Seasonality: February historical win rate and average return to the same 3rd-Friday expiry (when available).
February 2026 Screen Results (Model-Ranked Snapshot, Max 2 Resource Names)
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#5BCE.TO – BCE Inc. 🛑 Earnings Near Expiry
Snapshot: Price 33.70 · ROO 2.63% · Strike 33.5 · OI 813 · Δ 0.55 · Scouter 7 · Sentiment 0.2006
Snapshot only; values may change.
Seasonality (Feb): Win Rate 48.3% · Avg Return 0.73% · Samples 29
Screen Rationale: Income-oriented profile with stable underlying characteristics and reasonable premium yield for the window.
Risk Consideration: February seasonality is weaker versus higher-ranked results; treat as an income-style setup rather than a seasonality tailwind. -
#4
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#3
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#2
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#1
How to Use These Screen Results
- Refresh first: Open the app and refresh prices/IV/OI before making any decisions.
- Pick your goal: income focus (closer strikes / higher delta) vs. upside room (farther OTM / lower delta).
- Validate liquidity: prioritize higher OI and tighter spreads (especially for rolling).
- Check event risk: earnings warnings can change outcomes quickly—consider avoiding or using more conservative strikes.
- Plan the exit: decide ahead of time whether you’ll close early at 50–80% profit, roll, or accept assignment.
This section is educational guidance only and not trading advice.
Unlock the Full Screen Results (Canada)
Want the complete Top 5 model-ranked screening results for Canadian covered calls for the
Feb 20, 2026 expiry?
Register and contact us at info@optrader.ca to receive this month’s screener results.
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What to Do Now
- Open the screener and load the Feb 20, 2026 expiry.
- Start with filters like: ROO 2–4%, delta ~0.25–0.45 (or wider if you want more premium), OI ≥ 100 (loosen for high-priced names).
- Sort by Scouter Score, then review sentiment + February seasonality (when available).
- Choose strikes based on risk tolerance → ITM for more premium/assignment likelihood, OTM for more upside room.
Always refresh data before trading; this article is a static snapshot.
FAQ
How were these results selected?
Ordered primarily by February win rate (where available), then cross-checked using ROO %, delta, Scouter Score, sentiment, and OI for the Feb 20, 2026 expiry — with a cap of two resource-based stocks.
What does ROO % mean?
Yield from selling the covered call for this expiry window (not annualized).
Why do some symbols show an “Earnings Near Expiry” warning?
Your export flagged those tickers as having earnings within ~30 days of expiry. Consider smaller sizing, different strikes, or skipping event risk setups.
Can I rebuild this list?
Yes — refresh and run your own filters in the Pro app:
app.optrader.ca
⚠️ Informational and educational only; not investment advice. Options involve risk.
This is a point-in-time snapshot; metrics and results may be outdated.
Always refresh data in the app before acting.
📘 Consider speaking with a licensed financial professional who understands your objectives, experience, and risk tolerance.