Recommendation: NO
Current Price: $38.31
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 | 38.0 | 0.6 | 38.31 | 4 (2025-05-09) | 57.63% | 1.58% | 1.58x |
| LVS | 37.5 | 0.44 | 38.31 | 4 (2025-05-09) | 67.07% | 1.17% | 1.48x |
| LVS | 38.0 | 0.93 | 38.31 | 9 (2025-05-16) | 56.08% | 2.45% | 1.46x |
| LVS | 37.0 | 0.28 | 38.31 | 4 (2025-05-09) | 76.06% | 0.76% | 1.34x |
| LVS | 37.0 | 0.54 | 38.31 | 9 (2025-05-16) | 70.09% | 1.46% | 1.33x |
| LVS | 36.5 | 0.43 | 38.31 | 9 (2025-05-16) | 75.53% | 1.18% | 1.28x |
| LVS | 38.0 | 1.77 | 38.31 | 34 (2025-06-20) | 55.36% | 4.66% | 1.21x |
| LVS | 37.0 | 1.24 | 38.31 | 29 (2025-06-13) | 63.80% | 3.35% | 1.20x |
| LVS | 35.0 | 0.12 | 38.31 | 4 (2025-05-09) | 90.93% | 0.34% | 1.17x |
| LVS | 36.0 | 0.12 | 38.31 | 4 (2025-05-09) | 88.46% | 0.33% | 1.16x |
| LVS | 31.0 | 0.46 | 38.31 | 24 (2025-06-06) | 88.32% | 1.48% | 1.15x |
| LVS | 35.0 | 0.8 | 38.31 | 34 (2025-06-20) | 76.10% | 2.29% | 1.14x |
| LVS | 37.5 | 4.85 | 38.31 | 164 (2025-12-19) E | 59.88% | 12.93% | 1.12x |
| LVS | 35.0 | 4.0 | 38.31 | 164 (2025-12-19) E | 66.96% | 11.43% | 1.12x |
| LVS | 32.0 | 0.25 | 38.31 | 19 (2025-05-30) | 90.79% | 0.78% | 1.10x |
| LVS | 35.5 | 0.07 | 38.31 | 4 (2025-05-09) | 92.81% | 0.20% | 1.10x |
| LVS | 20.0 | 0.39 | 38.31 | 54 (2025-07-18) | 95.36% | 1.95% | 1.09x |
| LVS | 32.5 | 1.43 | 38.31 | 99 (2025-09-19) E | 78.06% | 4.40% | 1.09x |
| LVS | 32.0 | 0.1 | 38.31 | 14 (2025-05-23) | 93.76% | 0.31% | 1.05x |
| LVS | 20.0 | 0.42 | 38.31 | 99 (2025-09-19) E | 95.17% | 2.10% | 1.05x |
| LVS | 30.0 | 0.21 | 38.31 | 34 (2025-06-20) | 93.40% | 0.70% | 1.05x |
| LVS | 30.0 | 0.1 | 38.31 | 19 (2025-05-30) | 96.32% | 0.33% | 1.04x |
| LVS | 25.0 | 0.23 | 38.31 | 54 (2025-07-18) | 95.35% | 0.92% | 1.04x |
| LVS | 29.0 | 0.05 | 38.31 | 19 (2025-05-30) | 97.87% | 0.17% | 1.02x |
| LVS | 20.0 | 0.05 | 38.31 | 34 (2025-06-20) | 98.79% | 0.25% | 1.02x |