Recommendation: NO
Current Price: $23.31
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 | 23.0 | 0.69 | 23.31 | 8 (2026-04-02) | 57.73% | 3.00% | 1.72x |
| DKNG | 23.0 | 0.96 | 23.31 | 14 (2026-04-10) | 56.93% | 4.17% | 1.53x |
| DKNG | 22.5 | 0.23 | 23.31 | 4 (2026-03-27) | 73.50% | 1.02% | 1.46x |
| DKNG | 22.5 | 1.67 | 23.31 | 39 (2026-05-15) | 60.81% | 7.42% | 1.33x |
| DKNG | 21.5 | 0.24 | 23.31 | 8 (2026-04-02) | 81.20% | 1.12% | 1.33x |
| DKNG | 22.0 | 0.15 | 23.31 | 4 (2026-03-27) | 82.08% | 0.68% | 1.32x |
| DKNG | 22.0 | 0.85 | 23.31 | 24 (2026-04-24) | 67.44% | 3.86% | 1.31x |
| DKNG | 20.0 | 0.92 | 23.31 | 39 (2026-05-15) | 76.78% | 4.60% | 1.25x |
| DKNG | 18.0 | 0.21 | 23.31 | 14 (2026-04-10) | 91.26% | 1.17% | 1.21x |
| DKNG | 22.5 | 2.77 | 23.31 | 109 (2026-08-21) | 61.21% | 12.31% | 1.18x |
| DKNG | 20.0 | 0.1 | 23.31 | 8 (2026-04-02) | 91.68% | 0.50% | 1.15x |
| DKNG | 20.5 | 0.06 | 23.31 | 4 (2026-03-27) | 93.82% | 0.29% | 1.15x |
| DKNG | 17.5 | 1.05 | 23.31 | 109 (2026-08-21) | 82.50% | 6.00% | 1.12x |
| DKNG | 18.0 | 0.05 | 23.31 | 8 (2026-04-02) | 96.37% | 0.28% | 1.09x |
| DKNG | 20.0 | 0.03 | 23.31 | 4 (2026-03-27) | 96.62% | 0.15% | 1.08x |
| DKNG | 15.0 | 0.39 | 23.31 | 84 (2026-07-17) | 91.66% | 2.60% | 1.07x |
| DKNG | 12.5 | 0.28 | 23.31 | 109 (2026-08-21) | 94.75% | 2.24% | 1.05x |
| DKNG | 12.5 | 0.03 | 23.31 | 39 (2026-05-15) | 98.85% | 0.24% | 1.02x |