Top Canadian Covered Call Screener Results – October 2026 (Oct. 16 Expiry)
Top Canadian Covered Call Screener Results — October 2026
Prices, option premiums, ROO %, delta, open interest and news sentiment can change quickly. Always refresh the latest data before making a decision.
View the latest results at: app.optrader.ca .
Important: Earnings dates and other automated data should also be independently verified before trading.
Important Legal & Risk Disclosure
This article is provided for informational and educational purposes only. It does not constitute investment advice, trading advice, or a recommendation to buy, sell or hold any security or derivative.
Options involve risk. Historical results, win rates, average returns, news sentiment and model-based screening scores do not guarantee future performance. Consult a licensed financial professional before making investment decisions.
For the October 16, 2026 expiry, the Optrader Canadian covered-call screen returned 7 matching options.
The results combine option premium yield, strike price, delta, open interest, Scouter Score and recent news sentiment to help traders quickly compare covered-call setups.
What the Metrics Mean
- ROO % — Return on option premium relative to the underlying position for the selected expiry window.
- Delta — Measures how sensitive the option is to movement in the underlying stock and can also provide a rough indication of assignment risk.
- Open Interest (OI) — Number of outstanding option contracts. Higher OI can indicate better liquidity.
- Scouter Score — Optrader's composite screening score based on multiple fundamental and technical factors.
- News Sentiment — Aggregated recent headline sentiment ranging approximately from -1.0 (negative) to +1.0 (positive).
October 2026 Covered Call Screener Results
Below are five setups highlighted by the latest screening report. These are screening results rather than trade recommendations.
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SU.TO — Suncor EnergyStock Price: $96.04Historical: Win Rate 58.6% · Avg Return -0.43% · Samples 29
Strike: $96.00
ROO: 2.89%
Open Interest: 1,648
Delta: 0.52
Scouter Score: 6.0
News Sentiment: 0.2934
Why it stands out: The $96 strike combines a 2.89% ROO with exceptionally strong open interest of 1,648 contracts. The Scouter Score is also the highest among the seven options in this particular screen.
What could go wrong: The 0.52 delta means there is meaningful assignment exposure. Suncor is also sensitive to crude-oil prices, energy-sector volatility and broader macroeconomic developments.
Assignment / Energy Sector Risk -
SU.TO — Suncor Energy — $97 StrikeStock Price: $96.04Historical: Win Rate 58.6% · Avg Return -0.43% · Samples 29
Strike: $97.00
ROO: 2.37%
Open Interest: 611
Delta: 0.46
Scouter Score: 6.0
News Sentiment: 0.2934
Why it stands out: Moving from the $96 strike to $97 reduces delta from 0.52 to 0.46 while maintaining substantial open interest of 611 contracts. The trade-off is a lower ROO of 2.37%.
What could go wrong: The lower premium provides less income than the $96 strike. The underlying stock also remains exposed to oil-price and energy-sector volatility.
Energy Sector / Assignment Risk -
META.TO — Meta CDR (CAD Hedged)Stock Price: $39.82Why it stands out: META.TO offers a relatively high 3.55% ROO while the $40 strike sits slightly above the $39.82 underlying price. It also has the second-highest Scouter Score among the options in this screen.
Strike: $40.00
ROO: 3.55%
Open Interest: 160
Delta: 0.50
Scouter Score: 5.75
News Sentiment: 0.1355
What could go wrong: A delta of 0.50 means assignment remains a meaningful possibility. Open interest of 160 is also substantially lower than the two Suncor contracts.
Assignment / Liquidity Risk -
FTT.TO — Finning InternationalStock Price: $106.11Why it stands out: Finning produced the highest ROO among the seven matching options at 3.90%, together with open interest of 348 contracts.
Strike: $105.00
ROO: 3.90%
Open Interest: 348
Delta: 0.57
Scouter Score: 5.5
News Sentiment: 0.2000
What could go wrong: The $105 strike is below the reported $106.11 stock price and the option has a relatively high 0.57 delta. That combination increases the possibility that the shares could be called away if the option finishes in the money.
Higher Assignment Risk -
CNQ.TO — Canadian Natural ResourcesStock Price: $66.83Historical: Win Rate 55.2% · Avg Return 0.15% · Samples 29
Strike: $66.00
ROO: 3.55%
Open Interest: 378
Delta: 0.59
Scouter Score: 4.5
News Sentiment: 0.5701
Why it stands out: CNQ combines a 3.55% ROO with 378 contracts of open interest. Its 0.5701 news-sentiment score is also the strongest positive sentiment reading among the seven options in this screen.
What could go wrong: The $66 strike is below the reported $66.83 share price and delta is relatively high at 0.59, creating substantial assignment exposure. Canadian Natural Resources is also sensitive to oil and natural-gas prices.
High Delta / Energy Sector Risk
Historical Results Worth Noting
Historical data was available for three stocks in this filtered screen:
- CVE.TO — Cenovus Energy: 68.8% historical win rate · 2.37% average return · 16 samples.
- SU.TO — Suncor Energy: 58.6% historical win rate · -0.43% average return · 29 samples.
- CNQ.TO — Canadian Natural Resources: 55.2% historical win rate · 0.15% average return · 29 samples.
Historical statistics describe previous expiry periods and should not be interpreted as predictions of the October 2026 result.
One Interesting Result: Cenovus
CVE.TO did not appear in the five highlighted setups above, but it is worth noting because its historical statistics were the strongest among the three stocks with historical data in this report.
The October screen showed Cenovus at a stock price of $43.55, a $44 strike, 2.75% ROO, 355 open interest and a 0.47 delta.
Its historical data showed a 68.8% win rate and 2.37% average return across 16 samples. That is useful additional information to investigate, but the sample size is relatively small and historical performance does not predict the next expiry period.
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Using These Results in the Screener
- Open the Canadian covered-call screener and select the October 16, 2026 expiry.
- Compare ROO with delta rather than looking at premium alone. Higher premium often comes with greater assignment exposure.
- Check open interest and bid/ask spreads before considering an option contract.
- Review the Scouter Score, technical indicators, historical statistics and recent news sentiment.
- Verify upcoming earnings dates and major company events before making any decision.
FAQ
Are these stock or option recommendations?
No. These are automated screening results provided for informational
and educational purposes.
What expiry was screened?
October 16, 2026.
When was the data generated?
September 26, 2026 at approximately 11:29 AM.
How many options matched?
Seven Canadian call options matched the filters used for this report.
Does a higher ROO mean a better covered call?
Not necessarily. Higher premium should be considered alongside delta,
strike price, liquidity, volatility, company risk and the investor's
willingness to have the shares assigned.
⚠️ Informational and educational only; not investment advice. Options involve risk. This is a point-in-time screening snapshot and market data can change rapidly. Always refresh the data and independently verify important information before acting.
