Recommendation: NO
Current Price: $34.13
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 | 34.0 | 1.67 | 34.13 | 4 (2025-05-09) E | 53.77% | 4.91% | 3.72x |
| DKNG | 33.5 | 1.43 | 34.13 | 4 (2025-05-09) E | 58.33% | 4.27% | 3.45x |
| DKNG | 33.0 | 1.22 | 34.13 | 4 (2025-05-09) E | 62.80% | 3.70% | 3.18x |
| DKNG | 32.5 | 1.05 | 34.13 | 4 (2025-05-09) E | 66.93% | 3.23% | 2.94x |
| DKNG | 32.0 | 0.91 | 34.13 | 4 (2025-05-09) E | 70.74% | 2.84% | 2.73x |
| DKNG | 31.5 | 0.77 | 34.13 | 4 (2025-05-09) E | 74.37% | 2.44% | 2.48x |
| DKNG | 34.0 | 1.91 | 34.13 | 9 (2025-05-16) E | 54.01% | 5.62% | 2.31x |
| DKNG | 33.5 | 1.75 | 34.13 | 9 (2025-05-16) E | 57.93% | 5.22% | 2.30x |
| DKNG | 31.0 | 0.62 | 34.13 | 4 (2025-05-09) E | 78.12% | 2.00% | 2.18x |
| DKNG | 33.0 | 1.5 | 34.13 | 9 (2025-05-16) E | 61.94% | 4.55% | 2.18x |
| DKNG | 32.5 | 1.28 | 34.13 | 9 (2025-05-16) E | 65.63% | 3.94% | 2.04x |
| DKNG | 30.5 | 0.51 | 34.13 | 4 (2025-05-09) E | 81.33% | 1.67% | 1.98x |
| DKNG | 32.0 | 1.11 | 34.13 | 9 (2025-05-16) E | 69.22% | 3.47% | 1.94x |
| DKNG | 30.0 | 0.42 | 34.13 | 4 (2025-05-09) E | 84.09% | 1.40% | 1.80x |
| DKNG | 34.0 | 2.08 | 34.13 | 14 (2025-05-23) E | 54.21% | 6.12% | 1.80x |
| DKNG | 31.0 | 0.81 | 34.13 | 9 (2025-05-16) E | 75.89% | 2.61% | 1.73x |
| DKNG | 29.5 | 0.34 | 34.13 | 4 (2025-05-09) E | 86.69% | 1.15% | 1.65x |
| DKNG | 34.0 | 2.29 | 34.13 | 19 (2025-05-30) E | 54.45% | 6.74% | 1.61x |
| DKNG | 30.0 | 0.57 | 34.13 | 9 (2025-05-16) E | 81.71% | 1.90% | 1.54x |
| DKNG | 33.0 | 2.24 | 34.13 | 34 (2025-06-20) E | 60.66% | 6.79% | 1.35x |
| DKNG | 30.0 | 1.18 | 34.13 | 34 (2025-06-20) E | 75.99% | 3.93% | 1.24x |
| DKNG | 29.0 | 0.72 | 34.13 | 24 (2025-06-06) E | 82.15% | 2.48% | 1.24x |
| DKNG | 33.0 | 3.3 | 34.13 | 74 (2025-08-15) E | 60.57% | 10.00% | 1.22x |
| DKNG | 27.0 | 0.28 | 34.13 | 14 (2025-05-23) E | 91.28% | 1.04% | 1.18x |
| DKNG | 33.0 | 3.65 | 34.13 | 99 (2025-09-19) E | 60.77% | 11.06% | 1.18x |
| DKNG | 28.0 | 0.72 | 34.13 | 34 (2025-06-20) E | 84.05% | 2.57% | 1.17x |
| DKNG | 30.0 | 2.64 | 34.13 | 99 (2025-09-19) E | 70.95% | 8.80% | 1.17x |
| DKNG | 27.0 | 0.48 | 34.13 | 29 (2025-06-13) E | 88.18% | 1.78% | 1.14x |
| DKNG | 26.0 | 0.19 | 34.13 | 14 (2025-05-23) E | 93.74% | 0.73% | 1.13x |
| DKNG | 26.0 | 0.25 | 34.13 | 19 (2025-05-30) E | 92.59% | 0.96% | 1.12x |
| DKNG | 23.0 | 0.23 | 34.13 | 34 (2025-06-20) E | 94.62% | 1.00% | 1.07x |
| DKNG | 20.0 | 0.44 | 34.13 | 74 (2025-08-15) E | 93.76% | 2.20% | 1.07x |
| DKNG | 22.5 | 0.36 | 34.13 | 54 (2025-07-18) E | 93.28% | 1.60% | 1.07x |
| DKNG | 20.0 | 0.11 | 34.13 | 34 (2025-06-20) E | 97.41% | 0.55% | 1.04x |