01 — XOM · COVERED CALLS

Best XOM covered calls setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Largest US energy supermajor with steady options flow tied to crude prices and capital-return policy.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
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Top pick
$190 call · Dec 4
36 DAYS · 4.4% OTM · SELL TO OPEN
Credit
$355
Return
1.95%
PoP
62%
StrikeExpirationCreditReturn ↓PoP
$190
4.4% OTM
Nov 27
29 days
$285
$2.85 / share
1.57%65%
$190
4.4% OTM
Nov 20
22 days
$248
$2.48 / share
1.36%67%
$195
7.1% OTM
Dec 4
36 days
$241
$2.41 / share
1.32%72%
$192.5
5.8% OTM
Nov 20
22 days
$185
$1.85 / share
1.02%74%
$245
34.6% OTM
Nov 27
29 days
$0
$0.00 / share
0%70%
$250
37.4% OTM
Nov 27
29 days
$0
$0.00 / share
0%70%
$245
34.6% OTM
Dec 4
36 days
$0
$0.00 / share
0%70%
$250
37.4% OTM
Dec 4
36 days
$0
$0.00 / share
0%70%
9 of 9 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $190 call · 36 DTE

$0+$1,153losses$178.47 BREAKEVEN$190 STRIKE

Key numbers

Premium collected+$355
Max profit+$1,153
Breakeven$178.47
Capped above$190
Probability of profit62%
Days to expiration36

When this trade makes sense

Use when

  • ✓You already own 100+ shares of the stock
  • ✓You'd be fine selling at the strike price
  • ✓You think the stock goes flat or slightly up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to rip higher
  • ✕You're attached to the shares (tax, conviction)
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on XOM.

Option Agent scans live chains and recommends setups based on current market conditions.

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Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.