Recommendation: NO
Current Price: $2452.89
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 | 2450.0 | 31.7 | 2452.89 | 4 (2025-06-27) | 52.19% | 1.29% | 1.40x |
| MELI | 2445.0 | 27.45 | 2452.89 | 4 (2025-06-27) | 54.77% | 1.12% | 1.36x |
| MELI | 2425.0 | 18.8 | 2452.89 | 4 (2025-06-27) | 64.81% | 0.78% | 1.29x |
| MELI | 2400.0 | 24.83 | 2452.89 | 8 (2025-07-03) | 68.43% | 1.03% | 1.25x |
| MELI | 2420.0 | 66.9 | 2452.89 | 19 (2025-07-18) | 58.20% | 2.76% | 1.24x |
| MELI | 2440.0 | 87.63 | 2452.89 | 24 (2025-07-25) | 54.36% | 3.59% | 1.23x |
| MELI | 2450.0 | 86.07 | 2452.89 | 24 (2025-07-25) | 52.61% | 3.51% | 1.21x |
| MELI | 2400.0 | 12.03 | 2452.89 | 4 (2025-06-27) | 75.29% | 0.50% | 1.21x |
| MELI | 2300.0 | 80.6 | 2452.89 | 39 (2025-08-15) E | 69.25% | 3.50% | 1.17x |
| MELI | 2350.0 | 14.0 | 2452.89 | 8 (2025-07-03) | 80.53% | 0.60% | 1.16x |
| MELI | 2300.0 | 126.0 | 2452.89 | 84 (2025-10-17) E | 66.51% | 5.48% | 1.11x |