Post-Analysis: August 2025 Covered Call Picks
Post-Analysis: August 2025 Covered Call Candidates
In July we published our Top 10 Covered Call Candidates in Canada for the August 15, 2025 expiry. Now that expiry has passed, let’s see how those stocks actually performed. Below, you’ll find July 18 expiry prices, July 31 benchmarks, and August 15 expiry results — plus whether each was an in-the-money assignment or a premium-collecting out-of-the-money outcome.
📊 Results Breakdown
- AEM.TO – Agnico Eagle Mines
Jul 18: 164.34 | Jul 31: 172.01 | Aug 15: 184.35
Verdict: ITM assignment. Gold sector momentum pushed AEM up strongly. - ABX.TO – Barrick Gold
Jul 18: 28.43 | Jul 31: 29.25 | Aug 15: 33.31
Verdict: ITM assignment. Big earnings beat and gold surge lifted ABX. - WPM.TO – Wheaton Precious Metals
Jul 18: 121.23 | Jul 31: 126.72 | Aug 15: 130.33
Verdict: Near-the-money assignment. Expired right around strike, ideal for covered calls. - OR.TO – Osisko Royalties
Jul 31: 38.38 | Aug 15: 42.19
Verdict: ITM assignment. Rallied into expiry, delivering premium + exit. - OTEX.TO – OpenText
Jul 18: 39.07 | Jul 31: 40.78 | Aug 15: 43.80
Verdict: ITM assignment. Earnings strength carried shares above strike. - TOY.TO – Spin Master
Jul 18: 25.30 | Jul 31: 22.80 | Aug 15: 23.04
Verdict: OTM (kept premium). Pulled back around earnings; premium softened the downside. - WTE.TO – Westshore Terminals
Jul 18: 28.21 | Jul 31: 28.21 | Aug 15: 26.10
Verdict: OTM (kept premium). Declined under strike, option expired worthless. - TRI.TO – Thomson Reuters
Jul 18: 287.16 | Jul 31: 278.08 | Aug 15: 236.67
Verdict: OTM, but underlying fell sharply. Premium did not offset drawdown. - BCE.TO – BCE Inc.
Jul 18: 32.50 | Jul 31: 32.32 | Aug 15: 35.37
Verdict: ITM assignment. Defensive stock finished above strike. - BN.TO – Brookfield Corporation
Jul 18: 92.31 | Jul 31: 92.81 | Aug 15: 90.48
Verdict: OTM (kept premium). Slight drift lower; option expired worthless.
📝 Key Takeaways
- 6 names finished in-the-money — delivering both premium and assignment at strike.
- 4 names finished out-of-the-money — premium was kept but underlying performance varied.
- Gold miners were the biggest winners, while TRI.TO was the notable laggard.
⚠️ This analysis is for educational purposes only and not financial advice. Options trading involves risk. Always do your own research.
