Top 5 Best Canadian Monthly Covered Calls for November 2025

Top 5 Canadian Covered Calls — November 2025 (Nov 21 Expiry)

Archived Notice: This page is kept online for educational reference. The snapshot below was generated on Oct 14, 2025 for the Nov 21, 2025 expiry (3rd Friday).

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Top Picks · How to Use · What to Do Now · FAQ Archived

For the Nov 21, 2025 expiry (the 3rd Friday of November), we screened TSX-listed optionable stocks for monthly covered call 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. #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. #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. #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. #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. #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.

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 page is an archived snapshot; metrics and 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.

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Updated: Feb 16, 2026

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