Recommendation: NO
Current Price: $120.87
Total Wheels: 8
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 | 120.0 | 5.75 | 120.87 | 18 (2026-09-04) | 54.95% | 4.79% | 1.44x |
| LULU | 120.0 | 6.85 | 120.87 | 23 (2026-09-11) | 55.08% | 5.71% | 1.40x |
| LULU | 120.0 | 2.27 | 120.87 | 8 (2026-08-21) | 56.39% | 1.89% | 1.40x |
| LULU | 118.0 | 5.6 | 120.87 | 23 (2026-09-11) | 59.53% | 4.75% | 1.36x |
| LULU | 120.0 | 7.25 | 120.87 | 28 (2026-09-18) | 55.18% | 6.04% | 1.34x |
| LULU | 119.0 | 1.76 | 120.87 | 8 (2026-08-21) | 62.47% | 1.48% | 1.34x |
| LULU | 115.0 | 4.3 | 120.87 | 23 (2026-09-11) | 66.14% | 3.74% | 1.31x |
| LULU | 115.0 | 5.15 | 120.87 | 28 (2026-09-18) | 65.11% | 4.48% | 1.30x |
| LULU | 113.0 | 3.75 | 120.87 | 23 (2026-09-11) | 70.06% | 3.32% | 1.29x |
| LULU | 114.0 | 3.75 | 120.87 | 23 (2026-09-11) | 68.69% | 3.29% | 1.28x |
| LULU | 120.0 | 6.8 | 120.87 | 33 (2026-09-25) | 55.15% | 5.67% | 1.26x |
| LULU | 111.0 | 3.1 | 120.87 | 23 (2026-09-11) | 73.91% | 2.79% | 1.25x |
| LULU | 112.0 | 3.15 | 120.87 | 23 (2026-09-11) | 72.73% | 2.81% | 1.25x |
| LULU | 110.0 | 2.85 | 120.87 | 23 (2026-09-11) | 75.77% | 2.59% | 1.24x |
| LULU | 115.0 | 1.63 | 120.87 | 13 (2026-08-28) | 74.14% | 1.42% | 1.22x |
| LULU | 110.0 | 3.35 | 120.87 | 28 (2026-09-18) | 74.43% | 3.05% | 1.22x |
| LULU | 120.0 | 10.0 | 120.87 | 73 (2026-11-20) | 56.04% | 8.33% | 1.17x |
| LULU | 115.0 | 8.2 | 120.87 | 73 (2026-11-20) | 63.25% | 7.13% | 1.16x |
| LULU | 105.0 | 2.05 | 120.87 | 28 (2026-09-18) | 82.48% | 1.95% | 1.15x |
| LULU | 110.0 | 6.15 | 120.87 | 73 (2026-11-20) | 70.07% | 5.59% | 1.14x |
| LULU | 115.0 | 10.25 | 120.87 | 113 (2027-01-15) | 62.88% | 8.91% | 1.13x |
| LULU | 110.0 | 8.15 | 120.87 | 113 (2027-01-15) | 68.61% | 7.41% | 1.12x |
| LULU | 105.0 | 4.45 | 120.87 | 73 (2026-11-20) | 76.47% | 4.24% | 1.12x |
| LULU | 118.0 | 0.28 | 120.87 | 3 (2026-08-14) | 83.15% | 0.24% | 1.10x |
| LULU | 100.0 | 1.18 | 120.87 | 28 (2026-09-18) | 88.85% | 1.18% | 1.10x |
| LULU | 100.0 | 5.4 | 120.87 | 113 (2027-01-15) | 78.26% | 5.40% | 1.10x |
| LULU | 100.0 | 3.15 | 120.87 | 73 (2026-11-20) | 82.10% | 3.15% | 1.09x |
| LULU | 95.0 | 3.45 | 120.87 | 113 (2027-01-15) | 83.80% | 3.63% | 1.07x |
| LULU | 95.0 | 2.06 | 120.87 | 73 (2026-11-20) | 87.18% | 2.17% | 1.07x |
| LULU | 111.0 | 0.23 | 120.87 | 8 (2026-08-21) | 92.93% | 0.21% | 1.06x |
| LULU | 80.0 | 1.45 | 120.87 | 113 (2027-01-15) | 92.68% | 1.81% | 1.04x |