Recommendation: NO
Current Price: $1828.29
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| MELI | 1810.0 | 20.6 | 1828.29 | 8 (2026-08-21) | 60.92% | 1.14% | 1.24x |
| MELI | 1820.0 | 32.7 | 1828.29 | 13 (2026-08-28) | 54.84% | 1.80% | 1.21x |
| MELI | 1800.0 | 52.6 | 1828.29 | 28 (2026-09-18) | 58.87% | 2.92% | 1.17x |
| MELI | 1750.0 | 18.4 | 1828.29 | 23 (2026-09-11) | 75.61% | 1.05% | 1.09x |
| MELI | 1680.0 | 18.9 | 1828.29 | 28 (2026-09-18) | 81.78% | 1.12% | 1.09x |
| MELI | 1750.0 | 11.7 | 1828.29 | 18 (2026-09-04) | 79.72% | 0.67% | 1.08x |