Top 5 Canadian Covered Calls for February 2026 (Expires Fri, Feb 20)
Top 5 Canadian Covered Calls — February 2026 (Expires Fri, Feb 20)
For the February 20, 2026 expiry, we ranked candidates primarily by February seasonality win rate (when available), then validated each pick using ROO %, delta, Scouter Score, liquidity (OI), and sentiment. To keep this list diversified, we limited it to only two resource-based names. Below are the 5 strongest February setups today:
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 win rate and average return to the same 3rd-Friday expiry historically (when available).
February 2026 Top 5 (Win Rate Ranked, 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
Seasonality (Feb): Win Rate 48.3% · Avg Return 0.73% · Samples 29
Positive: Stable “income-style” underlying with decent ROO % for the window; suitable for covered-call cashflow focus.
Negative: February seasonality here is weaker than the top picks—treat as an income play, not a seasonal tailwind bet. -
#4
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#3
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#2
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#1
How to Pay (Unlock Picks)
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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 check sentiment + February seasonality (when available).
- Choose strikes based on risk tolerance → ITM for safety, OTM for growth.
Always refresh data before trading; this article is a static snapshot.
FAQ
How were these picks selected?
Ranked by February win rate (where available), then validated 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 using a farther strike, smaller sizing, or skipping if you avoid event risk.
Can I rebuild this list?
Yes — the free Canadian screener updates instantly:
demo.optrader.ca
⚠️ Informational only; not investment advice. Options involve risk. This list is a point-in-time snapshot; metrics and even picks may be outdated.
Always refresh in the screener before acting.
📘 Before making any investment decisions, consider speaking with a licensed financial planner or advisor who understands your personal objectives, experience, and risk tolerance.
