Recommendation: NO
Current Price: $278.55
Total Wheels: 2
EditTypically you want to choose options that have a higher than 70% chance of being out of the money, since then you only have a 30% chance of actually acquiring the stock. Beyond that maximumizing the annualized rate of return is a good idea.
Annualized rate of return is computed fairly bullish as (max_return * odds + (1 - odds)) ^ (252 / calendar_days). This assumes that if you accidently acquire the stock you will be able to do something such that effectively get you a 1x return immediately.
| Ticker | Strike | Premium | Ticker Price | Calendar Days To Expiration | Odds Out Of The Money % | Maximum Return % | Annualized Rate Of Return |
|---|---|---|---|---|---|---|---|
| LULU | 277.5 | 4.4 | 278.55 | 4 (2025-05-09) | 54.39% | 1.59% | 1.54x |
| LULU | 275.0 | 3.5 | 278.55 | 4 (2025-05-09) | 61.95% | 1.27% | 1.49x |
| LULU | 272.5 | 2.85 | 278.55 | 4 (2025-05-09) | 68.35% | 1.05% | 1.43x |
| LULU | 270.0 | 7.8 | 278.55 | 14 (2025-05-23) | 63.70% | 2.89% | 1.39x |
| LULU | 270.0 | 4.6 | 278.55 | 9 (2025-05-16) | 67.57% | 1.70% | 1.38x |
| LULU | 270.0 | 2.28 | 278.55 | 4 (2025-05-09) | 73.96% | 0.84% | 1.37x |
| LULU | 270.0 | 9.21 | 278.55 | 19 (2025-05-30) | 62.72% | 3.41% | 1.32x |
| LULU | 260.0 | 9.6 | 278.55 | 24 (2025-06-06) E | 69.50% | 3.69% | 1.30x |
| LULU | 265.0 | 3.31 | 278.55 | 9 (2025-05-16) | 75.29% | 1.25% | 1.30x |
| LULU | 270.0 | 15.7 | 278.55 | 34 (2025-06-20) E | 60.56% | 5.81% | 1.29x |
| LULU | 262.5 | 2.85 | 278.55 | 9 (2025-05-16) | 78.42% | 1.09% | 1.27x |
| LULU | 267.5 | 1.56 | 278.55 | 4 (2025-05-09) | 80.11% | 0.58% | 1.26x |
| LULU | 260.0 | 11.79 | 278.55 | 34 (2025-06-20) E | 68.11% | 4.53% | 1.25x |
| LULU | 260.0 | 2.42 | 278.55 | 9 (2025-05-16) | 81.29% | 0.93% | 1.23x |
| LULU | 250.0 | 8.77 | 278.55 | 34 (2025-06-20) E | 74.85% | 3.51% | 1.21x |
| LULU | 260.0 | 5.0 | 278.55 | 19 (2025-05-30) | 74.96% | 1.92% | 1.21x |
| LULU | 265.0 | 1.11 | 278.55 | 4 (2025-05-09) | 84.91% | 0.42% | 1.20x |
| LULU | 260.0 | 14.4 | 278.55 | 54 (2025-07-18) E | 66.96% | 5.54% | 1.19x |
| LULU | 240.0 | 6.55 | 278.55 | 34 (2025-06-20) E | 80.48% | 2.73% | 1.17x |
| LULU | 262.5 | 0.83 | 278.55 | 4 (2025-05-09) | 88.33% | 0.32% | 1.15x |
| LULU | 240.0 | 9.29 | 278.55 | 54 (2025-07-18) E | 77.78% | 3.87% | 1.15x |
| LULU | 230.0 | 4.69 | 278.55 | 34 (2025-06-20) E | 85.33% | 2.04% | 1.14x |
| LULU | 260.0 | 0.58 | 278.55 | 4 (2025-05-09) | 91.35% | 0.22% | 1.11x |
| LULU | 230.0 | 8.3 | 278.55 | 74 (2025-08-15) E | 81.23% | 3.61% | 1.10x |
| LULU | 220.0 | 3.25 | 278.55 | 34 (2025-06-20) E | 89.32% | 1.48% | 1.10x |
| LULU | 220.0 | 4.7 | 278.55 | 54 (2025-07-18) E | 87.05% | 2.14% | 1.09x |
| LULU | 220.0 | 6.35 | 278.55 | 74 (2025-08-15) E | 85.09% | 2.89% | 1.09x |
| LULU | 210.0 | 2.34 | 278.55 | 34 (2025-06-20) E | 92.15% | 1.11% | 1.08x |
| LULU | 195.0 | 4.8 | 278.55 | 74 (2025-08-15) E | 90.05% | 2.46% | 1.08x |
| LULU | 210.0 | 4.8 | 278.55 | 74 (2025-08-15) E | 88.39% | 2.29% | 1.07x |
| LULU | 255.0 | 0.32 | 278.55 | 4 (2025-05-09) | 95.07% | 0.13% | 1.06x |
| LULU | 190.0 | 1.84 | 278.55 | 54 (2025-07-18) E | 94.59% | 0.97% | 1.04x |