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 | 0.4 | 25.51 | 4 (2026-07-02) | 63.52% | 1.60% | 1.66x |
| DKNG | 22.5 | 0.92 | 25.51 | 20 (2026-07-24) | 75.34% | 4.09% | 1.47x |
| DKNG | 25.0 | 0.89 | 25.51 | 15 (2026-07-17) | 59.50% | 3.56% | 1.42x |
| DKNG | 25.0 | 1.89 | 25.51 | 40 (2026-08-21) | 58.21% | 7.56% | 1.31x |
| DKNG | 22.5 | 0.22 | 25.51 | 10 (2026-07-10) | 86.72% | 0.98% | 1.24x |
| DKNG | 21.0 | 0.06 | 25.51 | 4 (2026-07-02) | 95.56% | 0.29% | 1.15x |
| DKNG | 21.5 | 0.12 | 25.51 | 10 (2026-07-10) | 92.26% | 0.56% | 1.14x |
| DKNG | 22.0 | 0.05 | 25.51 | 4 (2026-07-02) | 94.78% | 0.23% | 1.11x |
| DKNG | 17.5 | 0.3 | 25.51 | 40 (2026-08-21) | 92.94% | 1.71% | 1.10x |
| DKNG | 12.5 | 0.1 | 25.51 | 60 (2026-09-18) | 98.08% | 0.80% | 1.03x |