Top 10 Covered Call Opportunities in Canada – August 2025
Top 10 Covered Call Candidates in Canada – August 2025
Each month, Optrader.ca scans Canadian stocks for high-quality covered call opportunities using technical, fundamental, and AI filters. For August 2025 (expiring August 15), we’ve identified 10 standout choices based on:
- ROO (%) – Return on Option: a key profitability measure
- Scouter Score – Optrader's multi-factor quality rating (out of 10)
- AI Predictions – Bayesian and Random Forest confidence
- News Sentiment – based on recent Canadian financial headlines
🔟 The August 2025 Top Picks
- AEM.TO – Agnico Eagle Mines
ROO: 4.56% | Strike: 170 | Sentiment: Positive | Scouter: 10
Why it ranks #1: Strong premium, excellent sentiment, high Scouter, and full alignment from all AI models. A gold-sector favorite with momentum. - ABX.TO – Barrick Gold
ROO: 3.34% | Strike: 29.5 | Sentiment: Very strong | Scouter: 10
Why it’s here: Consistent performer with 3+% yield and multiple bullish AI confirmations. Great short-term gold trade. - WPM.TO – Wheaton Precious Metals
ROO: 2.73% | Strike: 130 | Sentiment: Positive | Scouter: 8
Why it’s a winner: High sentiment, high conviction AI signals, and historically strong in late summer. - OR.TO – Osisko Royalties
ROO: 3.49% | Strike: 38 | Sentiment: Mixed-to-positive | Scouter: 9
Why it works: A small-cap gold play with big premium and strong backtested signals. - OTEX.TO – OpenText
ROO: 3.51% | Strike: 42 | Sentiment: Neutral to bullish | Scouter: 7
Why consider it: Good earnings profile, low downside risk, positive Random Forest confidence. - TOY.TO – Spin Master
ROO: 2.88% | Strike: 26 | Sentiment: Mildly positive | Scouter: 7
Good for August: Seasonal strength + upward price trend + decent premium = reliable mid-risk trade. - WTE.TO – Westshore Terminals
ROO: 3.39% | Strike: 28 | Sentiment: Bullish | Scouter: 7
Why it’s notable: Less known but technically attractive, and AI predictions are fully aligned to the upside. - TRI.TO – Thomson Reuters
ROO: 2.02% | Strike: 280 | Sentiment: Upbeat | Scouter: 6
Conservative trade: High stock price, low delta, and good AI alignment make this a solid low-risk pick. - BCE.TO – BCE Inc.
ROO: 2.7% | Strike: 33 | Sentiment: Neutral-to-strong | Scouter: 6
Why it’s safe: Utility stock with stable pricing and decent premium. Great for TFSA or conservative accounts. - BN.TO – Brookfield Corporation
ROO: 3.14% | Strike: 92 | Sentiment: Mixed | Scouter: 5
Risk-adjusted value: Attractive ROO with AI leaning positive. Considered slightly contrarian due to mixed headlines.
🛠 How to Use This List
Every stock above was screened using Optrader's proprietary filters for covered calls, which combine sentiment, earnings filters, ROO scoring, and AI predictions. We recommend you:
- Use this list as a starting point
- Adjust for your risk level (delta, volatility)
- Avoid stocks with earnings before Aug 15 expiry
⚠️ This tool does not provide financial, investment, or trading advice. Use at your own risk. No warranties are made.
