Top Canadian Covered Calls – October 2025
Top Canadian Covered Call Candidates – October 2025
For the October 17, 2025 expiry, we screened TSX-listed stocks for high-quality covered call opportunities using Optrader’s Scouter Score, news sentiment, and ROO metrics. Each pick includes one positive and one drawback so you can refine strike selection and risk management.
What the Metrics Mean
- ROO % (Return on Option): Premium yield for this expiry window (not annualized). Balance income vs. assignment risk.
- Scouter Score (1–10): Composite rank blending fundamentals, technicals, liquidity, and stability.
- News Sentiment (−1 to +1): Recent article tone; positive values suggest market tailwinds.
🇨🇦 The October 2025 Canadian Top 5
- BTO.TO – B2Gold
Price: 6.13 CAD | ROO: 5.67% | Strike: 6.00 | Scouter: 6 | Sentiment: 0.50
Positive: Gold leverage with attractive monthly premium.
Negative: Precious metals volatility can swing assignment odds. - LUN.TO – Lundin Mining
Price: 16.88 CAD | ROO: 5.15% | Strike: 16.50 | Scouter: 6 | Sentiment: 0.01
Positive: Copper exposure with solid option yield at near-ITM strikes.
Negative: Sensitive to global growth and copper spot prices. - CVE.TO – Cenovus Energy
Price: 23.36 CAD | ROO: 4.22% | Strike: 23.00 | Scouter: 5 | Sentiment: 0.31
Positive: Integrated model; consistent liquidity across the chain.
Negative: Crude spreads and refinery margins can compress returns. - CNQ.TO – Canadian Natural Resources
Price: 43.55 CAD | ROO: 3.42% | Strike: 43.00 | Scouter: 7 | Sentiment: 0.64
Positive: Quality upstream name with strong Scouter and positive tone.
Negative: Commodity swings can push OTM premiums lower. - MG.TO – Magna International
Price: 64.72 CAD | ROO: 3.27% | Strike: 64.00 | Scouter: 5 | Sentiment: 0.14
Positive: Global auto supplier; options liquidity and steady ROO.
Negative: Auto-cycle softness may impact pricing power.
How to Use This Shortlist
- Filter further by delta, open interest, and earnings timing.
- Balance ITM vs. OTM based on risk and income targets.
- See our guide: How to Use the Scouter Score.
⚠️ Informational only; not investment advice. Options involve risk.
