Recommendation: NO
Current Price: $21.16
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 | 21.0 | 0.42 | 21.16 | 5 (2026-10-02) | 56.35% | 2.00% | 1.76x |
| DKNG | 20.5 | 0.32 | 21.16 | 5 (2026-10-02) | 68.60% | 1.56% | 1.71x |
| DKNG | 21.0 | 0.72 | 21.16 | 10 (2026-10-09) | 55.18% | 3.43% | 1.60x |
| DKNG | 21.0 | 0.93 | 21.16 | 15 (2026-10-16) | 55.04% | 4.43% | 1.50x |
| DKNG | 20.5 | 0.79 | 21.16 | 15 (2026-10-16) | 62.16% | 3.85% | 1.49x |
| DKNG | 21.0 | 1.2 | 21.16 | 20 (2026-10-23) | 55.17% | 5.71% | 1.48x |
| DKNG | 20.0 | 0.4 | 21.16 | 10 (2026-10-09) | 72.55% | 2.00% | 1.44x |
| DKNG | 21.0 | 1.31 | 21.16 | 25 (2026-10-30) | 55.29% | 6.24% | 1.41x |
| DKNG | 20.0 | 0.15 | 21.16 | 5 (2026-10-02) | 81.21% | 0.75% | 1.36x |
| DKNG | 20.0 | 0.51 | 21.16 | 15 (2026-10-16) | 70.22% | 2.55% | 1.35x |
| DKNG | 20.0 | 0.69 | 21.16 | 20 (2026-10-23) | 67.99% | 3.45% | 1.34x |
| DKNG | 20.0 | 1.35 | 21.16 | 40 (2026-11-20) | 64.25% | 6.75% | 1.31x |
| DKNG | 20.0 | 0.8 | 21.16 | 25 (2026-10-30) | 66.66% | 4.00% | 1.30x |
| DKNG | 20.0 | 1.79 | 21.16 | 60 (2026-12-18) | 63.53% | 8.95% | 1.26x |
| DKNG | 19.0 | 0.29 | 21.16 | 15 (2026-10-16) | 81.71% | 1.53% | 1.23x |
| DKNG | 19.0 | 0.18 | 21.16 | 10 (2026-10-09) | 85.33% | 0.95% | 1.22x |
| DKNG | 20.0 | 2.04 | 21.16 | 80 (2027-01-15) | 63.43% | 10.20% | 1.22x |
| DKNG | 19.0 | 0.46 | 21.16 | 25 (2026-10-30) | 77.88% | 2.42% | 1.21x |
| DKNG | 17.5 | 0.6 | 21.16 | 40 (2026-11-20) | 81.60% | 3.43% | 1.19x |
| DKNG | 20.0 | 2.17 | 21.16 | 105 (2027-02-19) | 63.47% | 10.85% | 1.17x |
| DKNG | 17.5 | 1.32 | 21.16 | 105 (2027-02-19) | 76.13% | 7.54% | 1.14x |
| DKNG | 18.0 | 0.09 | 21.16 | 10 (2026-10-09) | 92.14% | 0.50% | 1.12x |
| DKNG | 17.0 | 0.04 | 21.16 | 5 (2026-10-02) | 96.21% | 0.24% | 1.12x |
| DKNG | 17.0 | 0.2 | 21.16 | 25 (2026-10-30) | 90.07% | 1.18% | 1.11x |
| DKNG | 18.0 | 0.12 | 21.16 | 15 (2026-10-16) | 91.04% | 0.67% | 1.11x |
| DKNG | 19.0 | 0.04 | 21.16 | 5 (2026-10-02) | 94.02% | 0.21% | 1.10x |
| DKNG | 15.0 | 0.19 | 21.16 | 40 (2026-11-20) | 92.84% | 1.27% | 1.08x |
| DKNG | 15.0 | 0.46 | 21.16 | 105 (2027-02-19) | 88.54% | 3.07% | 1.07x |
| DKNG | 17.0 | 0.06 | 21.16 | 15 (2026-10-16) | 95.51% | 0.35% | 1.06x |
| DKNG | 15.0 | 0.08 | 21.16 | 30 (2026-11-06) | 95.79% | 0.53% | 1.04x |
| DKNG | 12.5 | 0.18 | 21.16 | 80 (2027-01-15) | 94.99% | 1.44% | 1.04x |
| DKNG | 16.0 | 0.01 | 21.16 | 5 (2026-10-02) | 98.77% | 0.06% | 1.03x |
| DKNG | 18.0 | 0.01 | 21.16 | 5 (2026-10-02) | 98.78% | 0.06% | 1.03x |