The best covered call for OXY today is the 2026-04-17 $57 Call with 26.2% monthly yield and 0.6% downside protection — current stock price $56.87, as of 5:05 PM ET on April 16.
Occidental Petroleum Corp is a publicly traded stock commonly used in covered call strategies to generate consistent income from existing positions.
Covered calls on OXY 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 OXY, you can sell 1 call contract per 100 shares to generate consistent monthly income.
Our screener scans OXY options every few minutes and ranks setups by annualized return, downside protection, and bid-ask spread quality.
Start Free Trial →