Recommendation: NO
Current Price: $225.56
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 | 225.0 | 3.35 | 225.56 | 4 (2025-06-27) | 53.36% | 1.49% | 1.49x |
| LULU | 225.0 | 5.05 | 225.56 | 8 (2025-07-03) | 53.00% | 2.24% | 1.45x |
| LULU | 222.5 | 2.2 | 225.56 | 4 (2025-06-27) | 64.25% | 0.99% | 1.38x |
| LULU | 222.5 | 3.72 | 225.56 | 8 (2025-07-03) | 60.66% | 1.67% | 1.37x |
| LULU | 225.0 | 6.7 | 225.56 | 14 (2025-07-11) | 53.02% | 2.98% | 1.33x |
| LULU | 220.0 | 2.85 | 225.56 | 8 (2025-07-03) | 67.76% | 1.30% | 1.32x |
| LULU | 212.5 | 2.09 | 225.56 | 8 (2025-07-03) | 79.33% | 0.98% | 1.28x |
| LULU | 220.0 | 1.42 | 225.56 | 4 (2025-06-27) | 74.24% | 0.65% | 1.27x |
| LULU | 220.0 | 4.49 | 225.56 | 14 (2025-07-11) | 64.16% | 2.04% | 1.26x |
| LULU | 217.5 | 2.15 | 225.56 | 8 (2025-07-03) | 74.12% | 0.99% | 1.26x |
| LULU | 225.0 | 8.9 | 225.56 | 24 (2025-07-25) | 53.27% | 3.96% | 1.24x |
| LULU | 220.0 | 5.8 | 225.56 | 19 (2025-07-18) | 62.52% | 2.64% | 1.24x |
| LULU | 225.0 | 10.18 | 225.56 | 29 (2025-08-01) | 53.45% | 4.52% | 1.23x |
| LULU | 220.0 | 8.71 | 225.56 | 29 (2025-08-01) | 60.46% | 3.96% | 1.23x |
| LULU | 220.0 | 6.93 | 225.56 | 24 (2025-07-25) | 61.52% | 3.15% | 1.22x |
| LULU | 215.0 | 1.61 | 225.56 | 8 (2025-07-03) | 79.56% | 0.75% | 1.21x |
| LULU | 215.0 | 3.0 | 225.56 | 14 (2025-07-11) | 73.95% | 1.40% | 1.20x |
| LULU | 217.5 | 0.96 | 225.56 | 4 (2025-06-27) | 81.58% | 0.44% | 1.20x |
| LULU | 220.0 | 10.0 | 225.56 | 39 (2025-08-15) | 60.01% | 4.55% | 1.19x |
| LULU | 220.0 | 16.35 | 225.56 | 64 (2025-09-19) E | 59.16% | 7.43% | 1.18x |
| LULU | 215.0 | 6.2 | 225.56 | 29 (2025-08-01) | 67.69% | 2.88% | 1.18x |
| LULU | 215.0 | 4.6 | 225.56 | 24 (2025-07-25) | 70.19% | 2.14% | 1.17x |
| LULU | 210.0 | 12.0 | 225.56 | 64 (2025-09-19) E | 67.15% | 5.71% | 1.16x |
| LULU | 210.0 | 2.9 | 225.56 | 19 (2025-07-18) | 78.33% | 1.38% | 1.15x |
| LULU | 210.0 | 3.72 | 225.56 | 24 (2025-07-25) | 76.04% | 1.77% | 1.15x |
| LULU | 210.0 | 4.61 | 225.56 | 29 (2025-08-01) | 74.16% | 2.20% | 1.15x |
| LULU | 210.0 | 2.0 | 225.56 | 14 (2025-07-11) | 81.49% | 0.95% | 1.15x |
| LULU | 210.0 | 6.3 | 225.56 | 39 (2025-08-15) | 71.56% | 3.00% | 1.15x |
| LULU | 200.0 | 8.95 | 225.56 | 64 (2025-09-19) E | 74.25% | 4.47% | 1.14x |
| LULU | 215.0 | 0.63 | 225.56 | 4 (2025-06-27) | 87.23% | 0.29% | 1.14x |
| LULU | 205.0 | 3.78 | 225.56 | 29 (2025-08-01) | 78.86% | 1.84% | 1.13x |
| LULU | 220.0 | 23.8 | 225.56 | 129 (2025-12-19) E | 59.70% | 10.82% | 1.13x |
| LULU | 195.0 | 7.75 | 225.56 | 64 (2025-09-19) E | 77.33% | 3.97% | 1.13x |
| LULU | 205.0 | 2.85 | 225.56 | 24 (2025-07-25) | 81.24% | 1.39% | 1.13x |
| LULU | 220.0 | 26.2 | 225.56 | 149 (2026-01-16) E | 60.01% | 11.91% | 1.12x |
| LULU | 210.0 | 0.88 | 225.56 | 8 (2025-07-03) | 87.80% | 0.42% | 1.12x |
| LULU | 210.0 | 19.45 | 225.56 | 129 (2025-12-19) E | 65.42% | 9.26% | 1.12x |
| LULU | 210.0 | 21.45 | 225.56 | 149 (2026-01-16) E | 65.28% | 10.21% | 1.12x |
| LULU | 195.0 | 4.02 | 225.56 | 39 (2025-08-15) | 82.45% | 2.06% | 1.12x |
| LULU | 200.0 | 15.9 | 225.56 | 129 (2025-12-19) E | 70.76% | 7.95% | 1.11x |
| LULU | 190.0 | 6.43 | 225.56 | 64 (2025-09-19) E | 80.44% | 3.38% | 1.11x |
| LULU | 200.0 | 4.0 | 225.56 | 39 (2025-08-15) | 80.74% | 2.00% | 1.11x |
| LULU | 190.0 | 13.25 | 225.56 | 129 (2025-12-19) E | 75.44% | 6.97% | 1.11x |
| LULU | 195.0 | 13.95 | 225.56 | 129 (2025-12-19) E | 73.40% | 7.15% | 1.11x |
| LULU | 200.0 | 17.25 | 225.56 | 149 (2026-01-16) E | 70.42% | 8.62% | 1.10x |
| LULU | 200.0 | 2.75 | 225.56 | 29 (2025-08-01) | 83.65% | 1.38% | 1.10x |
| LULU | 195.0 | 15.5 | 225.56 | 149 (2026-01-16) E | 72.85% | 7.95% | 1.10x |
| LULU | 185.0 | 5.45 | 225.56 | 64 (2025-09-19) E | 83.07% | 2.95% | 1.10x |
| LULU | 200.0 | 2.09 | 225.56 | 24 (2025-07-25) | 85.71% | 1.04% | 1.10x |
| LULU | 212.5 | 0.42 | 225.56 | 4 (2025-06-27) | 91.16% | 0.20% | 1.09x |
| LULU | 195.0 | 2.35 | 225.56 | 29 (2025-08-01) | 86.43% | 1.21% | 1.09x |
| LULU | 185.0 | 10.9 | 225.56 | 129 (2025-12-19) E | 78.20% | 5.89% | 1.09x |
| LULU | 180.0 | 4.53 | 225.56 | 64 (2025-09-19) E | 85.55% | 2.52% | 1.09x |
| LULU | 180.0 | 9.6 | 225.56 | 129 (2025-12-19) E | 80.45% | 5.33% | 1.09x |
| LULU | 200.0 | 1.4 | 225.56 | 19 (2025-07-18) | 88.61% | 0.70% | 1.09x |
| LULU | 175.0 | 8.4 | 225.56 | 129 (2025-12-19) E | 82.51% | 4.80% | 1.08x |
| LULU | 175.0 | 9.77 | 225.56 | 149 (2026-01-16) E | 81.54% | 5.58% | 1.08x |
| LULU | 195.0 | 1.56 | 225.56 | 24 (2025-07-25) | 89.13% | 0.80% | 1.08x |
| LULU | 190.0 | 2.52 | 225.56 | 39 (2025-08-15) | 87.25% | 1.33% | 1.08x |
| LULU | 205.0 | 0.52 | 225.56 | 8 (2025-07-03) | 92.56% | 0.25% | 1.08x |
| LULU | 170.0 | 7.4 | 225.56 | 129 (2025-12-19) E | 84.38% | 4.35% | 1.07x |
| LULU | 170.0 | 8.54 | 225.56 | 149 (2026-01-16) E | 83.48% | 5.02% | 1.07x |
| LULU | 200.0 | 0.83 | 225.56 | 14 (2025-07-11) | 91.52% | 0.42% | 1.07x |
| LULU | 190.0 | 1.66 | 225.56 | 29 (2025-08-01) | 89.85% | 0.87% | 1.07x |
| LULU | 207.5 | 0.29 | 225.56 | 4 (2025-06-27) | 94.50% | 0.14% | 1.07x |
| LULU | 190.0 | 1.31 | 225.56 | 24 (2025-07-25) | 91.14% | 0.69% | 1.07x |
| LULU | 170.0 | 3.14 | 225.56 | 64 (2025-09-19) E | 89.58% | 1.85% | 1.07x |
| LULU | 210.0 | 0.28 | 225.56 | 4 (2025-06-27) | 93.89% | 0.13% | 1.07x |
| LULU | 195.0 | 0.97 | 225.56 | 19 (2025-07-18) | 91.77% | 0.50% | 1.06x |
| LULU | 185.0 | 1.03 | 225.56 | 24 (2025-07-25) | 93.09% | 0.56% | 1.06x |
| LULU | 180.0 | 1.5 | 225.56 | 39 (2025-08-15) | 91.94% | 0.83% | 1.05x |
| LULU | 190.0 | 0.74 | 225.56 | 19 (2025-07-18) | 93.78% | 0.39% | 1.05x |
| LULU | 202.5 | 0.2 | 225.56 | 4 (2025-06-27) | 96.33% | 0.10% | 1.05x |
| LULU | 205.0 | 0.2 | 225.56 | 4 (2025-06-27) | 95.54% | 0.10% | 1.05x |
| LULU | 175.0 | 1.21 | 225.56 | 39 (2025-08-15) | 93.55% | 0.69% | 1.04x |
| LULU | 195.0 | 0.25 | 225.56 | 8 (2025-07-03) | 96.61% | 0.13% | 1.04x |
| LULU | 200.0 | 0.23 | 225.56 | 8 (2025-07-03) | 96.32% | 0.11% | 1.04x |
| LULU | 170.0 | 0.95 | 225.56 | 39 (2025-08-15) | 94.90% | 0.56% | 1.03x |