Energy stocks carry elevated IV from oil price volatility, making them a consistent source of covered call premium. XOM, CVX, and exploration names offer strong yields.
Today's top Energy covered call is SM — the Apr 17 $27.5 Call at 7592.0% annualized return with 41.0% downside protection. Our scanner found 20 Energy candidates today with an average yield of 839.2%.
| # | Ticker | Last Price | Strike | Expiry | DTE | Annual. Return | Downside | Delta | IV | OI | CCL Score |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SM | $27.33 | $28 | Apr 17 | 2d | 7592.0% | 41.0% | — | 140 | 1 | |
| 2 | DVN | $45.23 | $48 | Apr 17 | 2d | 1133.3% | 0.1% | 0.09 | 50% | 577 | 0 |
| 3 | MUR | $38.22 | $40 | Apr 17 | 2d | 969.1% | 0.7% | 0.20 | 78% | 4,497 | 0 |
| 4 | XOM | $149.01 | $155 | Apr 17 | 2d | 755.6% | 0.1% | 0.10 | 40% | 9,573 | 0 |
| 5 | UUUU | $21.00 | $22 | Apr 17 | 2d | 730.0% | 1.6% | 0.37 | 96% | 951 | 1 |
| 6 | UEC | $14.82 | $15 | Apr 17 | 2d | 578.5% | 2.0% | 0.44 | 92% | 3,873 | 1 |
| 7 | HAL | $37.54 | $39 | Apr 17 | 2d | 543.9% | 0.4% | 0.25 | 43% | 306 | 0 |
| 8 | KMI | $31.70 | $33 | Apr 17 | 2d | 483.6% | 0.1% | 0.15 | 27% | 318 | 0 |
| 9 | UUUU | $21.00 | $21 | Apr 17 | 2d | 478.2% | 2.6% | 0.50 | 98% | 3,528 | 1 |
| 10 | OXY | $55.83 | $57 | Apr 17 | 2d | 463.6% | 0.4% | 0.27 | 40% | 659 | 0 |
Energy stocks carry structurally elevated implied volatility tied to oil price movements, geopolitical risk, and supply/demand dynamics. This makes them consistent covered call premium generators — XOM, CVX, OXY, and exploration names like DVN and FANG regularly appear in our top-yield rankings. The sector's correlation to WTI crude creates predictable IV expansion around OPEC meetings, inventory reports, and geopolitical events. Covered call writers can exploit these patterns by entering positions when IV is elevated and targeting shorter DTE windows.
Energy moves with oil — watch WTI and geopolitical events. Delta 0.25–0.35. Avoid holding into OPEC announcement windows.
SM leads today with 7592.0% annualized return. Our scanner found 20 active Energy covered call candidates.
The Energy sector currently shows an average implied volatility of 54% across active covered call candidates. IV profile: High (commodity-driven, average IV: 35–65%).
For Energy stocks, we recommend targeting delta 0.25–0.35. This balances premium income with upside participation and downside protection.
The optimal DTE window for Energy covered calls is 21–30 days. This captures the steepest theta decay while limiting exposure to major price moves.
Our scanner runs daily after market close (4:30 PM ET). Sector pages refresh automatically within 1 hour of scan completion. Data shown reflects the most recent scan.
The CCL Score is CoveredCalls.live's proprietary ranking metric. It weights annualized return (45%), bid-ask spread quality (25%), downside protection (15%), and open interest/delta factors (15%). Higher scores indicate better risk-adjusted opportunities.