Recommendation: NO
Current Price: $45.68
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 | 45.0 | 0.53 | 45.68 | 7 (2026-08-21) | 63.81% | 1.18% | 1.31x |
| LVS | 44.0 | 0.25 | 45.68 | 7 (2026-08-21) | 79.69% | 0.57% | 1.18x |
| LVS | 45.0 | 1.32 | 45.68 | 27 (2026-09-18) | 58.61% | 2.93% | 1.17x |
| LVS | 45.0 | 3.44 | 45.68 | 112 (2027-01-15) | 57.59% | 7.64% | 1.10x |
| LVS | 43.0 | 0.45 | 45.68 | 22 (2026-09-11) | 78.98% | 1.05% | 1.10x |
| LVS | 43.5 | 0.07 | 45.68 | 2 (2026-08-14) | 91.50% | 0.16% | 1.08x |
| LVS | 40.0 | 0.2 | 45.68 | 17 (2026-09-04) | 91.43% | 0.50% | 1.07x |
| LVS | 35.0 | 0.9 | 45.68 | 112 (2027-01-15) | 87.10% | 2.57% | 1.05x |
| LVS | 32.5 | 0.48 | 45.68 | 92 (2026-12-18) | 92.18% | 1.48% | 1.04x |
| LVS | 35.0 | 0.1 | 45.68 | 27 (2026-09-18) | 96.92% | 0.29% | 1.03x |
| LVS | 25.0 | 0.07 | 45.68 | 27 (2026-09-18) | 98.65% | 0.28% | 1.03x |
| LVS | 43.0 | 0.02 | 45.68 | 2 (2026-08-14) | 97.25% | 0.05% | 1.02x |
| LVS | 32.5 | 0.07 | 45.68 | 27 (2026-09-18) | 97.90% | 0.22% | 1.02x |
| LVS | 22.5 | 0.15 | 45.68 | 112 (2027-01-15) | 97.95% | 0.67% | 1.01x |
| LVS | 22.5 | 0.07 | 45.68 | 92 (2026-12-18) | 98.84% | 0.31% | 1.01x |