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MRO

MRO · Equity · —

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Market Data

MRO Key Data

Symbol

MRO

Name

MRO

Type

Stock

Sector

Equity

Industry

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Exchange

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Live Price

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52-Week High

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52-Week Low

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Market Cap

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Market Cap Tier

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CCL Score

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Strategy

Covered Calls

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About

About MRO

MRO is a publicly traded stock commonly used in covered call strategies to generate consistent income from existing positions.

Strategy

MRO Covered Call Strategy

Covered calls on MRO allow shareholders to collect premium income while holding the stock. The most common approach is selling out-of-the-money calls 30–45 days to expiration (DTE) to balance premium income with potential upside. If you own 100 shares of MRO, you can sell 1 call contract per 100 shares to generate consistent monthly income.

Covered calls on MRO cap your upside at the strike price but provide downside cushion equal to the premium received.

How It Works

How to Run a Covered Call on MRO

Own 100 Shares

You must own at least 100 shares of MRO to sell 1 covered call contract. Each options contract covers exactly 100 shares.

Choose Strike and Expiry

Select a call strike above the current MRO price (OTM) and an expiry date. 30–45 DTE monthly cycles are most popular for income generation.

Sell the Call

Sell 1 call contract to collect the premium immediately. This income is yours regardless of what MRO does next.

Manage at Expiry

If MRO stays below your strike, the option expires worthless and you keep the premium. If it rises above, shares get called away at the strike.

FAQ

Frequently Asked Questions

Can I sell covered calls on MRO?

Yes, MRO has listed options. You need to own 100 shares per contract. Use our screener to find the best strikes and expiries based on your goals.

What strike should I choose for MRO covered calls?

Most income traders choose strikes 2–10% above the current MRO price (OTM), balancing premium income with allowing some upside.

What is the best expiry for MRO covered calls?

Monthly options (30–45 DTE) have the best time-decay characteristics. Weekly options offer more flexibility but require more active management.

How much premium can I collect on MRO covered calls?

Premium depends on MRO's implied volatility, your chosen strike, and days to expiry. Higher IV means more premium.

What happens if MRO rises above my strike?

Your shares get called away at the strike price. You keep the premium plus any gain from your cost basis to the strike. You can then buy shares back and repeat.

What is the CCL Score?

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%).

Screen the Best MRO Covered Calls Right Now

Our screener scans MRO options every few minutes and ranks setups by annualized return, downside protection, and bid-ask spread quality.

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MRO