Top 5 Canadian Monthly Covered Calls for December 2025

Canadian Covered Calls • Monthly Options • TSX

Top 5 Canadian Covered Calls — December 2025 (Expires Fri, Dec 19)

Heads-up: This snapshot was created on Nov 21, 2025 for the Dec 19, 2025 expiry (3rd Friday). Prices, ROO %, strikes, OI, delta, and sentiment can change quickly. Refresh anytime in the free screener: demo.optrader.ca.

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Top Picks · How to Use · What to Do Now · FAQ

For the December 19, 2025 expiry, we screened TSX-listed optionable stocks using ROO %, delta, Scouter Score, liquidity (OI), sentiment, and December seasonality. Below are the five strongest setups from that screen: AQN, IMO, K, CNQ, and ABX.

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): active contracts at the chosen strike — higher values generally mean better liquidity and tighter fills.
• Scouter Score (1–10): composite rank blending fundamentals, technicals, liquidity, and stability.
• News Sentiment (−1 to +1): recent media tone (higher = more positive).
• Seasonality: December win rate and average return to the same 3rd-Friday expiry historically.

Metrics are provided for information only and may be delayed or incomplete. Always verify with your broker and refresh in the screener before trading.

December 2025 Top 5 (Snapshot)

1. #1
   AQN.TO – Algonquin Power & Utilities Utility
   Snapshot: Price 8.40 · ROO 2.00% · Strike 8.50 · OI 224 · Δ 0.47 · Scouter 5 · Sentiment 0.55
   Seasonality (Dec): Win Rate 63.6% · Avg Return 1.99% · Samples 22
   Positive: Predictable cash flows and a liquid chain; reasonable premium for the window.
   Key Risk: Leverage and interest-rate expectations can move utilities quickly—watch macro headlines.
2. #2
   IMO.TO – Imperial Oil Energy
   Snapshot: Price 137.58 · ROO 2.07% · Strike 140 · OI 130 · Δ 0.43 · Scouter 6 · Sentiment 0.31
   Seasonality (Dec): Win Rate 58.6% · Avg Return 0.21% · Samples 29
   Positive: Integrated model can smooth earnings; decent liquidity supports rolling/defense.
   Key Risk: Crude price spikes and macro sentiment can trigger fast moves and assignment risk.
3. #3
   K.TO – Kinross Gold Gold
   Snapshot: Price 34.46 · ROO 3.68% · Strike 36 · OI 689 · Δ 0.39 · Scouter 5 · Sentiment 0.58
   Seasonality (Dec): Win Rate 56.5% · Avg Return 1.19% · Samples 23
   Positive: Strong premium yield with excellent liquidity; supportive sentiment at the time of the snapshot.
   Key Risk: Gold-miner volatility can quickly push beyond your strike—size appropriately and plan roll rules.
4. #4
   CNQ.TO – Canadian Natural Resources Energy
   Snapshot: Price 47.225 · ROO 2.68% · Strike 47 · OI 861 · Δ 0.54 · Scouter 8 · Sentiment 0.27
   Seasonality (Dec): Win Rate 51.7% · Avg Return 0.31% · Samples 29
   Positive: Large-cap energy with deep option-chain liquidity; strong Scouter score for quality/stability.
   Key Risk: Higher delta raises assignment odds if oil rallies; consider a higher strike if you want more upside room.
5. #5
   ABX.TO – Barrick Gold Gold
   Snapshot: Price 51.45 · ROO 2.68% · Strike 54 · OI 170 · Δ 0.34 · Scouter 9 · Sentiment 0.45
   Seasonality (Dec): Win Rate 51.7% · Avg Return 0.78% · Samples 29
   Positive: High Scouter Score and diversified assets; reasonable liquidity for the strike.
   Key Risk: Commodity + geopolitical shocks can gap prices—use conservative delta if you want less surprise exposure.

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How to Use This Shortlist

• Re-check the current expiry, earnings timing, and option liquidity before placing a trade.
• Choose strike distance based on assignment preference: lower delta (more upside room) vs higher delta (more premium, higher assignment odds).
• Use Scouter + sentiment as a quick quality check, then confirm with your own thesis.
• Refresh numbers anytime: demo.optrader.ca (or Pro: app.optrader.ca).

What to Do Now

1. Open the screener and load the Dec 19, 2025 expiry.
2. Try a starter filter set: ROO 2–4%, delta around 0.25–0.45, OI ≥ 100.
3. Sort by Scouter Score, then cross-check sentiment and December seasonality.
4. Pick strikes based on risk tolerance: more conservative (lower delta) vs more premium (higher delta).

Always refresh data before trading; this article is a static snapshot.

FAQ

How were these picks selected?
Using ROO %, delta, Scouter Score, sentiment, OI, and December seasonality for the Dec 19, 2025 expiry.

What does ROO % mean?
ROO % is the premium yield for this expiry window (not annualized).

Can I rebuild this list?
Yes — refresh instantly in the Canadian screener: demo.optrader.ca (or Pro: app.optrader.ca).

Risk Disclosure: OpTrader is for informational and educational purposes only and does not provide financial, investment, tax, or legal advice. Options involve risk and may not be suitable for all investors. This list is a point-in-time snapshot; metrics and even picks may be outdated. Always verify data, review earnings/catalysts, and consider speaking with a licensed financial advisor who understands your objectives and risk tolerance.

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Updated: January 2026

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