Top 10 Covered Calls in Canada – September 2025

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Top 10 Covered Call Candidates in Canada — September 2025 (Expires Fri, Sep 19)

Top Picks · How We Screened · How to Use · Important Disclosures Updated: Jan 2026

Important: This page is a static snapshot created Aug 16, 2025 for the Sep 19, 2025 (3rd Friday) expiry. Prices, ROO %, strikes, and availability may be outdated. This content is provided for general informational purposes only and does not constitute investment, legal, tax, or accounting advice.

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Covered call ROO comparison chart — September 2025 (Canada)

For the September 19, 2025 expiry, we screened TSX-listed optionable stocks for monthly covered call ideas using Optrader’s Scouter Score and ROO %. Each pick includes one key risk to help you think about strike selection and position sizing.

How We Screened the Best Covered Calls in Canada

• ROO (%) — Return on Option for this expiry window (not annualized).
• Quality (Scouter Score) — multi-factor rating (1–10).
• Liquidity & Event Risk — open interest, spread quality, and earnings timing (when available).
• Context — sector exposure and typical volatility for the name.

Note: “AI predictions” and “model tilt” are estimates and may be wrong. Market outcomes are uncertain.

🔟 The September 2025 Top Picks (Snapshot)

1. #1
   BIR.TO – Birchcliff Energy
   Snapshot: Price 6.19 CAD · ROO 5.92% · Strike 6.00 · Scouter 4
   Key Risk: Energy prices can swing quickly; a sharp drop can overwhelm premium.
2. #2
   CGX.TO – Cineplex
   Snapshot: Price 10.77 CAD · ROO 5.45% · Strike 11.00 · Scouter 2
   Key Risk: Higher volatility names can gap on news; assignment/outcomes may be less predictable.
3. #3
   EDV.TO – Endeavour Mining
   Snapshot: Price 45.71 CAD · ROO 5.09% · Strike 45.00 · Scouter 7
   Key Risk: Gold/miner beta can spike; premium may not offset fast drawdowns.
4. #4
   BN.TO – Brookfield Corporation
   Snapshot: Price 90.59 CAD · ROO 5.03% · Strike 88.00 · Scouter 4
   Key Risk: Credit/rate narratives can re-price the stock; ITM strikes add assignment likelihood.
5. #5
   NWC.TO – North West Company
   Snapshot: Price 50.33 CAD · ROO 4.50% · Strike 50.00 · Scouter 8
   Key Risk: Lower-volume names can have wider spreads and slippage.
6. #6
   MG.TO – Magna International
   Snapshot: Price 61.17 CAD · ROO 4.27% · Strike 60.00 · Scouter 6
   Key Risk: Autos are cyclical; macro shocks can pressure the group quickly.
7. #7
   BAM.TO – Brookfield Asset Management
   Snapshot: Price 85.06 CAD · ROO 3.93% · Strike 84.00 · Scouter 7
   Key Risk: Market drawdowns can reduce AUM sentiment and increase downside moves.
8. #8
   ABX.TO – Barrick Gold
   Snapshot: Price 33.17 CAD · ROO 3.70% · Strike 33.00 · Scouter 9
   Key Risk: Commodity/FX moves can dominate fundamentals in the short term.
9. #9
   DOL.TO – Dollarama
   Snapshot: Price 191.40 CAD · ROO 3.67% · Strike 190.00 · Scouter 9
   Key Risk: Large moves around earnings/retail data can change assignment odds fast.
10. #10
    NTR.TO – Nutrien
    Snapshot: Price 79.07 CAD · ROO 3.64% · Strike 78.00 · Scouter 1
    Key Risk: Fertilizer pricing cycles can reverse; premiums may reflect elevated uncertainty.

Using This Shortlist of Covered Calls in Canada

• Use this as a starting screen; refine by delta, volatility, and open interest.
• Check earnings timing versus the Sep 19 expiry (and avoid earnings if that’s your rule).
• Know your plan if the stock drops sharply (close/roll/downside hedge) or rallies quickly (roll up/let assignment happen).
• Read: How to Use the Scouter Score to Rank Covered Calls.

Important Disclosures (Read Before Using)

• Not investment advice: This content is provided for general informational and educational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any security or options strategy.
• No fiduciary relationship: Your use of this page and Optrader does not create a client, advisor, or fiduciary relationship.
• Options risk: Options involve risk and are not suitable for all investors. Covered calls can limit upside, and losses on the underlying stock can exceed premium received.
• No guarantee: Past performance, “win rates,” backtests, and model outputs do not guarantee future results. Markets can behave differently than historical patterns.
• Data limitations: Prices, ROO %, strikes, and availability can change rapidly. Data may be delayed, incomplete, or inaccurate. Always verify with your broker and review contract specifications before trading.
• Personal circumstances: Consider your objectives, time horizon, and risk tolerance, and consult a licensed financial advisor, legal professional, or tax professional where appropriate.

If you’d like, you can link to your Terms/Privacy pages here as well (e.g., /terms and /privacy).

⚠️ Informational only; not investment advice. Use at your own discretion. No warranties are made.

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