Options on today’s TSX plans: calls and covered calls
data session 2026-11-12 14 option versions backtest date not recorded shown: only strategies whose backtest passedToday’s option versions
| Symbol | Version | Expiry | Strike guide | Funds required | Most you can lose or make | Price limit |
|---|---|---|---|---|---|---|
| SCR.TO | Call option | Fri Feb 19, 2027 | Closest to $32.00, at or below | $775.00 | Lose up to $775.00 | $7.75 |
| SCR.TO | Covered call | Fri Jan 15, 2027 | Closest to $41.00, at or above | $3555.95 | Make up to $544.05 | $1.81 |
| HXQ.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $125.00, at or above | $11449.84 | Make up to $1050.16 | $1.23 |
| HXT.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $105.00, at or above | $9770.88 | Make up to $729.12 | $0.140 |
| VAB.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $23.00, at or above | $2231.32 | Make up to $68.68 | $0.090 |
| VFV.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $200.00, at or above | $19012.60 | Make up to $987.40 | $1.58 |
| XGD.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $59.00, at or above | $5105.38 | Make up to $794.62 | $1.20 |
| XIC.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $60.00, at or above | $5726.24 | Make up to $273.76 | $0.370 |
| XIU.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $57.00, at or above | $5421.98 | Make up to $278.02 | $0.250 |
| XSP.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $79.00, at or above | $7520.91 | Make up to $379.09 | $0.66 |
| ZCN.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $51.00, at or above | $4816.25 | Make up to $283.75 | $0.190 |
| ZQQ.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $205.00, at or above | $18793.18 | Make up to $1706.82 | $1.95 |
| ZSP.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $125.00, at or above | $11772.28 | Make up to $727.72 | $0.66 |
| ZUE.TO | Covered call (monthly) | Fri Dec 18, 2026 | Closest to $105.00, at or above | $9993.75 | Make up to $506.25 | $0.89 |
Shown: call options, covered calls and monthly covered calls on ETF holds. The weekly “fast” variant is not published.
How a call works
A call buys the right to buy 100 units at the strike, before expiry.
You pay the premium up front. That is the most you can lose.
If the price rises above the strike, the call gains value.
If the price stays below the strike, the call expires worth nothing.
Example — not a real plan. Entry $20.00, strike $18.00, price limit $2.55.
Show data
| Price at expiry | Price | Result on 1 contract |
|---|---|---|
| Price at expiry (low end) | $15.30 | -$255.00 |
| Strike | $18.00 | -$255.00 |
| Break-even | $20.55 | $0.00 |
| Second exit | $22.00 | +$145.00 |
| Price at expiry (high end) | $25.30 | +$475.00 |
Three cases, on 1 contract:
| Case | Price | Result on 1 contract |
|---|---|---|
| Price falls to the stop | $19.00 | -$155.00 |
| Price stays at the entry | $20.00 | -$55.00 |
| Price rises to the second exit | $22.00 | +$145.00 |
How a covered call works
A covered call sells a call against 100 units you already own.
You keep the premium. That is yours even if the price falls.
If the price rises above the strike, your units are sold at the strike.
You keep the full downside of owning the shares, minus the premium.
Example — not a real plan. Entry $20.00, strike $22.00, premium $0.50.
Show data
| Price at expiry | Price | Result on 1 contract |
|---|---|---|
| Price at expiry (low end) | $16.15 | -$335.00 |
| Strike | $22.00 | +$250.00 |
| Break-even | $19.50 | $0.00 |
| Price at expiry (high end) | $25.30 | +$250.00 |
Three cases, on 1 contract:
| Case | Price | Result on 1 contract |
|---|---|---|
| Price falls to the stop | $19.00 | -$50.00 |
| Price stays at the entry | $20.00 | +$50.00 |
| Price rises to the strike | $22.00 | +$250.00 |
Calculator
Account size plus the share of it you are willing to risk gives the count: contracts = account × risk ÷ (price limit × 100). A covered call shows the funds needed for 100 units instead.
Worked example — SCR.TO, Call option:
| Account | Risk share | Risk ($) | contracts |
|---|---|---|---|
| $10,000 | 1% | $100 | 0 |
| $10,000 | 2% | $200 | 0 |
| $25,000 | 1% | $250 | 0 |
| $25,000 | 2% | $500 | 0 |
| $50,000 | 1% | $500 | 0 |
| $50,000 | 2% | $1,000 | 1 |
How earlier option versions did
Results will appear here as plans resolve.
Risks, plainly
- A call can lose 100% of what you pay.
- A covered call keeps the full downside of owning the shares, minus the premium, and caps the upside.
- Weekly options lose value fastest.
Terms: strike · expiry · premium · delta · time decay · assignment · covered call.
Estimates from our model, before the bid-ask spread. Check your broker’s live price.