Recommendation: NO
Current Price: $41.46
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 | 41.0 | 0.5 | 41.46 | 4 (2025-06-27) | 61.64% | 1.22% | 1.46x |
| DKNG | 41.0 | 0.78 | 41.46 | 8 (2025-07-03) | 58.62% | 1.90% | 1.42x |
| DKNG | 40.5 | 0.61 | 41.46 | 8 (2025-07-03) | 65.89% | 1.51% | 1.36x |
| DKNG | 41.0 | 1.2 | 41.46 | 14 (2025-07-11) | 57.11% | 2.93% | 1.35x |
| DKNG | 40.5 | 0.32 | 41.46 | 4 (2025-06-27) | 71.55% | 0.79% | 1.33x |
| DKNG | 40.0 | 0.48 | 41.46 | 8 (2025-07-03) | 72.14% | 1.20% | 1.31x |
| DKNG | 41.0 | 2.13 | 41.46 | 29 (2025-08-01) E | 56.16% | 5.20% | 1.28x |
| DKNG | 39.5 | 0.4 | 41.46 | 8 (2025-07-03) | 76.90% | 1.01% | 1.28x |
| DKNG | 41.0 | 2.68 | 41.46 | 39 (2025-08-15) E | 56.26% | 6.54% | 1.26x |
| DKNG | 39.0 | 2.05 | 41.46 | 39 (2025-08-15) E | 66.10% | 5.26% | 1.25x |
| DKNG | 40.0 | 2.23 | 41.46 | 39 (2025-08-15) E | 61.60% | 5.58% | 1.24x |
| DKNG | 40.0 | 0.99 | 41.46 | 19 (2025-07-18) | 66.02% | 2.48% | 1.24x |
| DKNG | 40.0 | 0.21 | 41.46 | 4 (2025-06-27) | 79.95% | 0.52% | 1.24x |
| DKNG | 41.0 | 3.75 | 41.46 | 64 (2025-09-19) E | 56.95% | 9.15% | 1.22x |
| DKNG | 38.0 | 1.53 | 41.46 | 39 (2025-08-15) E | 71.42% | 4.03% | 1.20x |
| DKNG | 39.0 | 0.26 | 41.46 | 8 (2025-07-03) | 83.05% | 0.67% | 1.19x |
| DKNG | 40.0 | 2.8 | 41.46 | 64 (2025-09-19) E | 61.10% | 7.00% | 1.18x |
| DKNG | 39.5 | 0.15 | 41.46 | 4 (2025-06-27) | 85.44% | 0.38% | 1.18x |
| DKNG | 34.0 | 0.9 | 41.46 | 39 (2025-08-15) E | 83.71% | 2.65% | 1.15x |
| DKNG | 36.0 | 0.99 | 41.46 | 39 (2025-08-15) E | 79.84% | 2.75% | 1.15x |
| DKNG | 38.5 | 0.19 | 41.46 | 8 (2025-07-03) | 87.02% | 0.49% | 1.14x |
| DKNG | 40.0 | 4.6 | 41.46 | 129 (2025-12-19) E | 61.20% | 11.50% | 1.14x |
| DKNG | 38.0 | 0.17 | 41.46 | 8 (2025-07-03) | 88.91% | 0.45% | 1.13x |
| DKNG | 33.0 | 0.54 | 41.46 | 29 (2025-08-01) E | 88.42% | 1.64% | 1.13x |
| DKNG | 37.5 | 0.42 | 41.46 | 19 (2025-07-18) | 83.40% | 1.12% | 1.13x |
| DKNG | 35.0 | 0.77 | 41.46 | 39 (2025-08-15) E | 83.54% | 2.20% | 1.12x |
| DKNG | 35.0 | 2.34 | 41.46 | 109 (2025-11-21) E | 75.51% | 6.69% | 1.12x |
| DKNG | 35.0 | 1.24 | 41.46 | 64 (2025-09-19) E | 79.96% | 3.54% | 1.12x |
| DKNG | 37.0 | 3.05 | 41.46 | 129 (2025-12-19) E | 70.02% | 8.24% | 1.12x |
| DKNG | 37.0 | 0.14 | 41.46 | 8 (2025-07-03) | 91.61% | 0.38% | 1.12x |
| DKNG | 39.0 | 0.09 | 41.46 | 4 (2025-06-27) | 90.77% | 0.23% | 1.11x |
| DKNG | 36.0 | 0.4 | 41.46 | 24 (2025-07-25) | 86.03% | 1.11% | 1.11x |
| DKNG | 32.5 | 1.69 | 41.46 | 109 (2025-11-21) E | 81.45% | 5.20% | 1.10x |
| DKNG | 38.0 | 0.07 | 41.46 | 4 (2025-06-27) | 93.33% | 0.18% | 1.09x |
| DKNG | 37.5 | 0.11 | 41.46 | 8 (2025-07-03) | 92.33% | 0.29% | 1.09x |
| DKNG | 33.0 | 0.49 | 41.46 | 39 (2025-08-15) E | 88.96% | 1.48% | 1.09x |
| DKNG | 37.0 | 0.19 | 41.46 | 14 (2025-07-11) | 89.93% | 0.51% | 1.09x |
| DKNG | 32.0 | 1.59 | 41.46 | 129 (2025-12-19) E | 82.52% | 4.97% | 1.08x |
| DKNG | 37.0 | 0.06 | 41.46 | 4 (2025-06-27) | 95.29% | 0.16% | 1.08x |
| DKNG | 37.5 | 0.06 | 41.46 | 4 (2025-06-27) | 94.71% | 0.16% | 1.08x |
| DKNG | 36.0 | 0.14 | 41.46 | 14 (2025-07-11) | 92.61% | 0.39% | 1.07x |
| DKNG | 35.0 | 0.13 | 41.46 | 14 (2025-07-11) | 93.78% | 0.37% | 1.06x |
| DKNG | 34.0 | 0.11 | 41.46 | 14 (2025-07-11) | 95.16% | 0.32% | 1.06x |
| DKNG | 35.0 | 0.15 | 41.46 | 19 (2025-07-18) | 93.29% | 0.43% | 1.05x |
| DKNG | 38.5 | 0.04 | 41.46 | 4 (2025-06-27) | 95.27% | 0.10% | 1.05x |
| DKNG | 32.5 | 0.09 | 41.46 | 19 (2025-07-18) | 96.27% | 0.28% | 1.04x |
| DKNG | 20.0 | 0.3 | 41.46 | 109 (2025-11-21) E | 96.36% | 1.50% | 1.03x |
| DKNG | 32.0 | 0.06 | 41.46 | 14 (2025-07-11) | 97.46% | 0.19% | 1.03x |
| DKNG | 25.0 | 0.05 | 41.46 | 19 (2025-07-18) | 98.69% | 0.20% | 1.03x |
| DKNG | 27.5 | 0.05 | 41.46 | 19 (2025-07-18) | 98.42% | 0.18% | 1.02x |