Top 5 Best Canadian Monthly Covered Calls for November 2025

Oct 16

Top 5 Canadian Covered Calls – November 2025 (Nov 21 Expiry): ROO %, Strikes & Key Risks | Optrader.ca

Top 5 Canadian Covered Calls — November 2025 (Expires Fri, Nov 21)

Heads-up: This is a static snapshot created Oct 14, 2025 for the Nov 21, 2025 (3rd Friday) expiry. Prices, ROO %, strikes, OI, delta, and sentiment may be outdated. To create an updated list, try the free Canadian screener: demo.optrader.ca.

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For the November 21, 2025 expiry (the 3rd Friday of November), we screened TSX-listed optionable stocks for monthly covered call income ideas using ROO %, Δ (delta), Scouter Score, options liquidity (OI), news sentiment, and November seasonality. Each pick includes one key risk to help with strike selection and position sizing.

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): contract count at the chosen strike — higher usually means easier fills and exits.
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.

Metrics are for informational purposes and may be delayed or incomplete. Always verify prices and contract details with your broker.

November 2025 Canadian Top 5 (Snapshot)

#1
IGM.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: Dividend support and steady business model can suit monthly call writing.
Key Risk: Equity market drawdowns can reduce AUM and pressure the stock quickly.
#2
SLF.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: Deep options liquidity makes rolling and exits more practical.
Key Risk: Rate path + credit cycle can drive valuation swings.
#3
OTEX.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: Higher ROO can suit income-focused traders who manage positions actively.
Key Risk: FX sensitivity and earnings guidance can cause outsized one-day moves.
#4
ATD.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 retailer with resilient cashflows and stable trading characteristics.
Key Risk: Fuel margins + consumer-spend headwinds can pressure near-term results.
#5
BCE.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: High liquidity and defensive profile can appeal to conservative covered call sellers.
Key Risk: Regulatory pressure and heavy capex requirements can weigh on returns.

How to Use This Shortlist

Filter further by delta, open interest, and earnings timing.
Choose ITM vs OTM strikes based on assignment tolerance and target premium.
Refresh the numbers before trading: 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 2–4%, Δ 0.20–0.35, OI ≥ 100, and exclude earnings within 30 days.
Sort by Scouter Score (desc), then check sentiment + November seasonality.
Pick strikes that match your assignment risk and income goal (ITM for defense, OTM for growth).

Reminder: This article’s numbers are a snapshot. Always refresh the list in the screener before acting.

FAQ

How were these November 2025 covered call ideas selected?
We screened TSX-listed optionable stocks and cross-checked ROO %, Scouter Score, liquidity (OI), 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 demo.optrader.ca to filter by delta, open interest, earnings timing, and more.

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.

🔍 Refresh in the Free Canadian Options Screener

Updated: January 2026