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
ExxonMobil
Energy
XOM
$187.25+15.1% / 30d
IV rank (1y)
23.6% · low
Next earnings
Oct 30
Market cap
$770.0B
P/E (fwd)
15.6
Option vol
37K /day

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
Sort by
Top pick
$195 call · Dec 4
34 DAYS · 4.1% OTM · SELL TO OPEN
Credit
$340
Return
1.82%
PoP
67%
StrikeExpirationCreditReturn ↓PoP
$195
4.1% OTM
Nov 27
27 days
$291
$2.91 / share
1.55%69%
$250
33.5% OTM
Nov 27
27 days
$3
$0.03 / share
0.02%70%
$245
30.8% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$245
30.8% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
$250
33.5% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
6 of 6 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

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

P&L at expiration · $195 call · 34 DTE

$0+$1,115losses$183.85 BREAKEVEN$195 STRIKE

Key numbers

Premium collected+$340
Max profit+$1,115
Breakeven$183.85
Capped above$195
Probability of profit67%
Days to expiration34

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.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

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