Recommendation: NO
Current Price: $45.77
Total Wheels: 4
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 |
|---|---|---|---|---|---|---|---|
| LVS | 43.0 | 0.15 | 45.77 | 7 (2026-08-21) | 88.19% | 0.35% | 1.12x |
| LVS | 43.5 | 0.07 | 45.77 | 2 (2026-08-14) | 91.52% | 0.16% | 1.08x |
| LVS | 44.0 | 0.04 | 45.77 | 2 (2026-08-14) | 92.67% | 0.09% | 1.04x |
| LVS | 44.5 | 0.04 | 45.77 | 2 (2026-08-14) | 90.51% | 0.09% | 1.04x |
| LVS | 25.0 | 0.07 | 45.77 | 27 (2026-09-18) | 98.67% | 0.28% | 1.03x |
| LVS | 43.0 | 0.02 | 45.77 | 2 (2026-08-14) | 96.55% | 0.05% | 1.02x |
| LVS | 32.5 | 0.07 | 45.77 | 27 (2026-09-18) | 97.82% | 0.22% | 1.02x |
| LVS | 22.5 | 0.07 | 45.77 | 92 (2026-12-18) | 98.86% | 0.31% | 1.01x |