Recommendation: NO
Current Price: $1607.37
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 | 1600.0 | 37.7 | 1607.37 | 6 (2026-05-22) | 54.22% | 2.36% | 1.70x |
| MELI | 1580.0 | 32.25 | 1607.37 | 6 (2026-05-22) | 61.09% | 2.04% | 1.68x |
| MELI | 1540.0 | 47.57 | 1607.37 | 11 (2026-05-29) | 66.04% | 3.09% | 1.59x |
| MELI | 1560.0 | 104.05 | 1607.37 | 31 (2026-06-26) | 60.00% | 6.67% | 1.38x |
| MELI | 1600.0 | 41.17 | 1607.37 | 11 (2026-05-29) | 54.17% | 2.57% | 1.37x |
| MELI | 1550.0 | 15.5 | 1607.37 | 6 (2026-05-22) | 74.01% | 1.00% | 1.36x |
| MELI | 1510.0 | 51.2 | 1607.37 | 21 (2026-06-12) | 69.12% | 3.39% | 1.32x |
| MELI | 1580.0 | 10.9 | 1607.37 | 1 (2026-05-15) | 69.70% | 0.69% | 1.27x |
| MELI | 1550.0 | 22.68 | 1607.37 | 11 (2026-05-29) | 70.50% | 1.46% | 1.27x |
| MELI | 1600.0 | 68.0 | 1607.37 | 25 (2026-06-18) | 54.11% | 4.25% | 1.26x |
| MELI | 1580.0 | 51.1 | 1607.37 | 21 (2026-06-12) | 58.94% | 3.23% | 1.25x |
| MELI | 1560.0 | 44.0 | 1607.37 | 21 (2026-06-12) | 63.54% | 2.82% | 1.24x |
| MELI | 1540.0 | 42.9 | 1607.37 | 25 (2026-06-18) | 66.87% | 2.79% | 1.20x |
| MELI | 1600.0 | 10.0 | 1607.37 | 1 (2026-05-15) | 59.14% | 0.63% | 1.20x |
| MELI | 1580.0 | 62.6 | 1607.37 | 31 (2026-06-26) | 58.33% | 3.96% | 1.20x |
| MELI | 1480.0 | 69.0 | 1607.37 | 46 (2026-07-17) | 69.80% | 4.66% | 1.19x |
| MELI | 1540.0 | 124.7 | 1607.37 | 71 (2026-08-21) | 61.93% | 8.10% | 1.19x |
| MELI | 1480.0 | 109.6 | 1607.37 | 71 (2026-08-21) | 67.25% | 7.41% | 1.19x |
| MELI | 1590.0 | 7.42 | 1607.37 | 1 (2026-05-15) | 68.81% | 0.47% | 1.18x |
| MELI | 1460.0 | 60.0 | 1607.37 | 46 (2026-07-17) | 72.34% | 4.11% | 1.17x |
| MELI | 1510.0 | 6.2 | 1607.37 | 6 (2026-05-22) | 86.92% | 0.41% | 1.16x |
| MELI | 1500.0 | 30.0 | 1607.37 | 25 (2026-06-18) | 74.61% | 2.00% | 1.16x |
| MELI | 1440.0 | 79.5 | 1607.37 | 71 (2026-08-21) | 71.79% | 5.52% | 1.15x |
| MELI | 1480.0 | 25.85 | 1607.37 | 25 (2026-06-18) | 77.73% | 1.75% | 1.15x |
| MELI | 1520.0 | 117.6 | 1607.37 | 91 (2026-09-18) | 63.91% | 7.74% | 1.14x |
| MELI | 1570.0 | 4.54 | 1607.37 | 1 (2026-05-15) | 81.19% | 0.29% | 1.13x |
| MELI | 1420.0 | 19.0 | 1607.37 | 25 (2026-06-18) | 84.14% | 1.34% | 1.12x |
| MELI | 1460.0 | 18.95 | 1607.37 | 25 (2026-06-18) | 81.88% | 1.30% | 1.11x |
| MELI | 1560.0 | 2.4 | 1607.37 | 1 (2026-05-15) | 88.18% | 0.15% | 1.07x |
| MELI | 1540.0 | 1.35 | 1607.37 | 1 (2026-05-15) | 93.40% | 0.09% | 1.04x |
| MELI | 1550.0 | 1.3 | 1607.37 | 1 (2026-05-15) | 92.85% | 0.08% | 1.04x |
| MELI | 1510.0 | 1.19 | 1607.37 | 1 (2026-05-15) | 95.33% | 0.08% | 1.04x |
| MELI | 1530.0 | 0.88 | 1607.37 | 1 (2026-05-15) | 95.52% | 0.06% | 1.03x |
| MELI | 1520.0 | 0.6 | 1607.37 | 1 (2026-05-15) | 96.70% | 0.04% | 1.02x |