Recommendation: NO
Current Price: $172.85
Total Wheels: 7
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 | 172.5 | 3.5 | 172.85 | 5 (2026-02-13) | 52.68% | 2.03% | 1.71x |
| LULU | 170.0 | 2.46 | 172.85 | 5 (2026-02-13) | 63.12% | 1.45% | 1.58x |
| LULU | 167.5 | 1.69 | 172.85 | 5 (2026-02-13) | 72.39% | 1.01% | 1.44x |
| LULU | 170.0 | 3.8 | 172.85 | 10 (2026-02-20) | 60.43% | 2.24% | 1.40x |
| LULU | 170.0 | 5.0 | 172.85 | 15 (2026-02-27) | 59.08% | 2.94% | 1.34x |
| LULU | 170.0 | 6.0 | 172.85 | 20 (2026-03-06) | 58.46% | 3.53% | 1.29x |
| LULU | 170.0 | 8.0 | 172.85 | 30 (2026-03-20) | 57.76% | 4.71% | 1.25x |
| LULU | 170.0 | 13.1 | 172.85 | 50 (2026-04-17) | 57.57% | 7.71% | 1.24x |
| LULU | 165.0 | 4.0 | 172.85 | 20 (2026-03-06) | 68.70% | 2.42% | 1.23x |
| LULU | 165.0 | 10.95 | 172.85 | 50 (2026-04-17) | 62.88% | 6.64% | 1.23x |
| LULU | 165.0 | 6.15 | 172.85 | 30 (2026-03-20) | 65.63% | 3.73% | 1.23x |
| LULU | 162.5 | 0.73 | 172.85 | 5 (2026-02-13) | 86.12% | 0.45% | 1.21x |
| LULU | 160.0 | 8.5 | 172.85 | 50 (2026-04-17) | 68.27% | 5.31% | 1.20x |
| LULU | 160.0 | 4.4 | 172.85 | 30 (2026-03-20) | 73.18% | 2.75% | 1.18x |
| LULU | 165.0 | 12.4 | 172.85 | 70 (2026-05-15) | 62.61% | 7.52% | 1.18x |
| LULU | 170.0 | 18.4 | 172.85 | 94 (2026-06-18) | 58.40% | 10.82% | 1.18x |
| LULU | 155.0 | 6.8 | 172.85 | 50 (2026-04-17) | 73.26% | 4.39% | 1.17x |
| LULU | 160.0 | 0.56 | 172.85 | 5 (2026-02-13) | 89.56% | 0.35% | 1.17x |
| LULU | 160.0 | 1.19 | 172.85 | 10 (2026-02-20) | 84.24% | 0.74% | 1.17x |
| LULU | 160.0 | 10.35 | 172.85 | 70 (2026-05-15) | 67.26% | 6.47% | 1.17x |
| LULU | 155.0 | 3.05 | 172.85 | 30 (2026-03-20) | 79.71% | 1.97% | 1.14x |
| LULU | 150.0 | 10.1 | 172.85 | 94 (2026-06-18) | 73.39% | 6.73% | 1.14x |
| LULU | 150.0 | 6.6 | 172.85 | 70 (2026-05-15) | 76.29% | 4.40% | 1.13x |
| LULU | 145.0 | 5.55 | 172.85 | 70 (2026-05-15) | 79.80% | 3.83% | 1.11x |
| LULU | 145.0 | 9.1 | 172.85 | 115 (2026-07-17) | 76.36% | 6.28% | 1.11x |
| LULU | 155.0 | 0.68 | 172.85 | 10 (2026-02-20) | 90.53% | 0.44% | 1.11x |
| LULU | 155.0 | 0.3 | 172.85 | 5 (2026-02-13) | 94.80% | 0.19% | 1.10x |
| LULU | 130.0 | 1.95 | 172.85 | 50 (2026-04-17) | 90.77% | 1.50% | 1.07x |
| LULU | 130.0 | 2.51 | 172.85 | 70 (2026-05-15) | 89.42% | 1.93% | 1.06x |
| LULU | 135.0 | 0.15 | 172.85 | 10 (2026-02-20) | 98.10% | 0.11% | 1.03x |
| LULU | 125.0 | 0.1 | 172.85 | 10 (2026-02-20) | 99.07% | 0.08% | 1.02x |