Top 5 Best Canadian Monthly Covered Calls for November 2025
Top 5 Canadian Covered Calls — November 2025 (Expires Fri, Nov 21)
For the November 21, 2025 expiry (the 3rd Friday of November), we screened TSX-listed optionable stocks for monthly covered call income ideas using Optrader’s Scouter Score, news sentiment, ROO %, and options liquidity. Each pick includes one positive and one drawback to guide strike selection and risk management.
What the Metrics Mean
- ROO % (Return on Option): premium yield for this expiry window (not annualized).
- Scouter Score (1–10): composite rank blending fundamentals, technicals, liquidity, and stability.
- News Sentiment (−1 to +1): tone of recent media coverage.
- Seasonality: win rate and average return to the same 3rd-Friday expiry historically.
November 2025 Canadian Top 5 (Snapshot)
-
#1IGM.TO – IGM Financial
Snapshot: Price 54.13 CAD · ROO 2.59% · Strike 54 · OI 204 · Δ — · Scouter 7 · Sentiment 0.10
Seasonality (Nov): Win Rate 69% · Avg Return 2.9% · Samples 27
Positive: Asset-management scale; dividend support.
Negative: Market drawdowns reduce AUM and premiums. -
#2SLF.TO – Sun Life Financial
Snapshot: Price 87.25 CAD · ROO 3.48% · Strike 86 · OI 1,956 · Δ — · Scouter 7 · Sentiment 0.00
Seasonality (Nov): Win Rate 74% · Avg Return 3.1% · Samples 28
Positive: Insurance cash generation; deep options liquidity.
Negative: Rate path and credit cycle drive valuation swings. -
#3OTEX.TO – Open Text
Snapshot: Price 54.87 CAD · ROO 3.88% · Strike 56 · OI 160 · Δ 0.44 · Scouter 5 · Sentiment 0.00
Seasonality (Nov): Win Rate 70% · Avg Return 6.1% · Samples 27
Positive: Software margins, recurring revenue.
Negative: FX sensitivity can whipsaw results. -
#4ATD.TO – Alimentation Couche-Tard
Snapshot: Price 73.53 CAD · ROO 2.30% · Strike 74 · OI 141 · Δ — · Scouter 5 · Sentiment 0.43
Seasonality (Nov): Win Rate 77% · Avg Return 4.1% · Samples 26
Positive: Defensive retail; resilient cashflows.
Negative: Fuel margin sensitivity; consumer-spend headwinds. -
#5BCE.TO – BCE Inc.
Snapshot: Price 33.05 CAD · ROO 3.30% · Strike 33 · OI 3,400 · Δ — · Scouter 6 · Sentiment 0.23
Seasonality (Nov): Win Rate 72% · Avg Return 2.6% · Samples 30
Positive: Defensive telecom cashflows.
Negative: Regulatory pressure; capex needs.
How to Use This Shortlist
- Filter further by delta, open interest, and earnings timing.
- Balance ITM vs. OTM based on assignment tolerance and target premium.
- Open the free screener to refresh numbers: demo.optrader.ca.
What to Do Now (Update Steps)
- Open the free Canadian screener: demo.optrader.ca.
- Set Option Type = Calls and Expiry = Fri, Nov 21, 2025 (3rd Friday).
- Start with filters: ROO 2–3%, Δ 0.20–0.35, OI ≥ 100, and exclude earnings within 30 days.
- Sort by Scouter Score (desc), then check sentiment and seasonality.
- Pick ITM/OTM strikes to match your assignment risk and income goal.
Reminder: This article’s numbers are a snapshot. Always refresh the list in the screener before acting.
FAQ
How were these November 2025 Canadian covered call ideas selected?
We screened TSX-listed optionable stocks and ranked by ROO %, Scouter Score, options liquidity, sentiment, and strike suitability for the Nov 21, 2025 expiry.
What does ROO % mean on this page?
ROO % (Return on Option) is the estimated yield from the covered call premium for this expiry window (not annualized). Use with delta and ITM/OTM selection to balance income vs. assignment risk.
Can I adjust these picks with a free screener?
Yes — use the free Canadian options screener: demo.optrader.ca
to filter by delta, open interest, earnings timing, and more.
⚠️ 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.
