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 | 1805.0 | 24.86 | 1828.29 | 7 (2026-08-21) | 61.43% | 1.38% | 1.35x |
| MELI | 1820.0 | 27.08 | 1828.29 | 7 (2026-08-21) | 55.25% | 1.49% | 1.34x |
| MELI | 1810.0 | 20.95 | 1828.29 | 7 (2026-08-21) | 60.78% | 1.16% | 1.29x |
| MELI | 1820.0 | 15.0 | 1828.29 | 2 (2026-08-14) | 57.52% | 0.82% | 1.27x |
| MELI | 1800.0 | 17.9 | 1828.29 | 7 (2026-08-21) | 65.56% | 0.99% | 1.26x |
| MELI | 1760.0 | 45.5 | 1828.29 | 22 (2026-09-11) | 66.30% | 2.59% | 1.21x |
| MELI | 1820.0 | 29.8 | 1828.29 | 12 (2026-08-28) | 55.07% | 1.64% | 1.21x |
| MELI | 1800.0 | 8.85 | 1828.29 | 2 (2026-08-14) | 71.99% | 0.49% | 1.19x |
| MELI | 1740.0 | 38.3 | 1828.29 | 22 (2026-09-11) | 70.20% | 2.20% | 1.19x |
| MELI | 1820.0 | 63.5 | 1828.29 | 27 (2026-09-18) | 54.11% | 3.49% | 1.19x |
| MELI | 1817.5 | 14.85 | 1828.29 | 7 (2026-08-21) | 59.35% | 0.82% | 1.19x |
| MELI | 1810.0 | 9.3 | 1828.29 | 2 (2026-08-14) | 67.19% | 0.51% | 1.19x |
| MELI | 1800.0 | 55.0 | 1828.29 | 27 (2026-09-18) | 58.68% | 3.06% | 1.18x |
| MELI | 1740.0 | 78.1 | 1828.29 | 47 (2026-10-16) | 65.14% | 4.49% | 1.17x |
| MELI | 1700.0 | 23.56 | 1828.29 | 27 (2026-09-18) | 78.43% | 1.39% | 1.11x |
| MELI | 1680.0 | 19.6 | 1828.29 | 27 (2026-09-18) | 81.48% | 1.17% | 1.09x |
| MELI | 1640.0 | 90.55 | 1828.29 | 112 (2027-01-15) | 71.77% | 5.52% | 1.09x |
| MELI | 1750.0 | 17.5 | 1828.29 | 22 (2026-09-11) | 76.08% | 1.00% | 1.09x |
| MELI | 1750.0 | 11.1 | 1828.29 | 17 (2026-09-04) | 80.23% | 0.63% | 1.08x |
| MELI | 1640.0 | 12.5 | 1828.29 | 27 (2026-09-18) | 87.10% | 0.76% | 1.06x |
| MELI | 1660.0 | 11.98 | 1828.29 | 27 (2026-09-18) | 86.49% | 0.72% | 1.06x |