Recommendation: NO
Current Price: $25.51
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| DKNG | 25.0 | 0.75 | 25.51 | 7 (2026-08-21) | 60.14% | 3.00% | 1.90x |
| DKNG | 25.5 | 0.67 | 25.51 | 7 (2026-08-21) | 51.67% | 2.63% | 1.62x |
| DKNG | 24.5 | 0.36 | 25.51 | 7 (2026-08-21) | 71.55% | 1.47% | 1.46x |
| DKNG | 25.5 | 0.37 | 25.51 | 2 (2026-08-14) | 51.22% | 1.45% | 1.45x |
| DKNG | 25.0 | 0.7 | 25.51 | 12 (2026-08-28) | 60.60% | 2.80% | 1.42x |
| DKNG | 25.0 | 0.86 | 25.51 | 17 (2026-09-04) | 59.61% | 3.44% | 1.35x |
| DKNG | 25.0 | 0.18 | 25.51 | 2 (2026-08-14) | 71.14% | 0.72% | 1.29x |
| DKNG | 25.0 | 1.15 | 25.51 | 27 (2026-09-18) | 58.70% | 4.60% | 1.28x |
| DKNG | 24.0 | 0.2 | 25.51 | 7 (2026-08-21) | 80.12% | 0.83% | 1.27x |
| DKNG | 24.0 | 0.36 | 25.51 | 12 (2026-08-28) | 75.82% | 1.50% | 1.27x |
| DKNG | 24.0 | 0.64 | 25.51 | 22 (2026-09-11) | 70.83% | 2.67% | 1.24x |
| DKNG | 25.0 | 2.42 | 25.51 | 72 (2026-11-20) | 58.58% | 9.68% | 1.21x |
| DKNG | 23.5 | 0.14 | 25.51 | 7 (2026-08-21) | 86.56% | 0.60% | 1.20x |
| DKNG | 23.0 | 0.44 | 25.51 | 22 (2026-09-11) | 79.35% | 1.91% | 1.19x |
| DKNG | 25.0 | 3.17 | 25.51 | 112 (2027-01-15) | 59.48% | 12.68% | 1.18x |
| DKNG | 23.0 | 0.2 | 25.51 | 12 (2026-08-28) | 86.38% | 0.87% | 1.17x |
| DKNG | 23.0 | 0.29 | 25.51 | 17 (2026-09-04) | 82.84% | 1.26% | 1.17x |
| DKNG | 23.0 | 1.87 | 25.51 | 92 (2026-12-18) | 69.05% | 8.13% | 1.16x |
| DKNG | 23.0 | 0.1 | 25.51 | 7 (2026-08-21) | 89.29% | 0.43% | 1.15x |
| DKNG | 24.5 | 0.08 | 25.51 | 2 (2026-08-14) | 84.60% | 0.33% | 1.15x |
| DKNG | 22.5 | 0.41 | 25.51 | 27 (2026-09-18) | 81.86% | 1.82% | 1.15x |
| DKNG | 18.0 | 0.17 | 25.51 | 17 (2026-09-04) | 94.22% | 0.94% | 1.14x |
| DKNG | 22.0 | 0.25 | 25.51 | 22 (2026-09-11) | 86.90% | 1.14% | 1.12x |
| DKNG | 20.0 | 0.75 | 25.51 | 72 (2026-11-20) | 83.63% | 3.75% | 1.11x |
| DKNG | 20.0 | 1.15 | 25.51 | 112 (2027-01-15) | 80.80% | 5.75% | 1.11x |
| DKNG | 17.0 | 0.08 | 25.51 | 12 (2026-08-28) | 96.82% | 0.47% | 1.10x |
| DKNG | 21.0 | 0.05 | 25.51 | 7 (2026-08-21) | 96.17% | 0.24% | 1.09x |
| DKNG | 21.0 | 0.08 | 25.51 | 12 (2026-08-28) | 94.43% | 0.38% | 1.08x |
| DKNG | 18.0 | 0.06 | 25.51 | 12 (2026-08-28) | 97.06% | 0.33% | 1.07x |
| DKNG | 17.5 | 0.35 | 25.51 | 72 (2026-11-20) | 91.57% | 2.00% | 1.07x |
| DKNG | 24.0 | 0.03 | 25.51 | 2 (2026-08-14) | 93.69% | 0.13% | 1.06x |
| DKNG | 20.0 | 0.12 | 25.51 | 27 (2026-09-18) | 93.85% | 0.60% | 1.05x |
| DKNG | 22.5 | 0.03 | 25.51 | 7 (2026-08-21) | 96.07% | 0.13% | 1.05x |
| DKNG | 20.0 | 0.06 | 25.51 | 17 (2026-09-04) | 96.19% | 0.30% | 1.04x |
| DKNG | 23.5 | 0.02 | 25.51 | 2 (2026-08-14) | 96.39% | 0.09% | 1.04x |
| DKNG | 21.0 | 0.01 | 25.51 | 2 (2026-08-14) | 98.42% | 0.05% | 1.02x |
| DKNG | 21.5 | 0.01 | 25.51 | 2 (2026-08-14) | 98.44% | 0.05% | 1.02x |
| DKNG | 19.0 | 0.03 | 25.51 | 17 (2026-09-04) | 97.83% | 0.16% | 1.02x |
| DKNG | 22.0 | 0.01 | 25.51 | 2 (2026-08-14) | 98.49% | 0.05% | 1.02x |
| DKNG | 22.5 | 0.01 | 25.51 | 2 (2026-08-14) | 98.61% | 0.04% | 1.02x |
| DKNG | 23.0 | 0.01 | 25.51 | 2 (2026-08-14) | 97.82% | 0.04% | 1.02x |
| DKNG | 16.0 | 0.02 | 25.51 | 17 (2026-09-04) | 98.99% | 0.13% | 1.02x |
| DKNG | 21.5 | 0.01 | 25.51 | 7 (2026-08-21) | 98.92% | 0.05% | 1.02x |