Recommendation: NO
Current Price: $126.15
Total Wheels: 7
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 |
|---|---|---|---|---|---|---|---|
| CCJ | 125.0 | 6.75 | 126.15 | 14 (2026-02-20) | 55.50% | 5.40% | 1.70x |
| CCJ | 119.0 | 3.15 | 126.15 | 9 (2026-02-13) | 70.31% | 2.65% | 1.68x |
| CCJ | 122.0 | 5.25 | 126.15 | 14 (2026-02-20) | 62.03% | 4.30% | 1.61x |
| CCJ | 125.0 | 9.7 | 126.15 | 34 (2026-03-20) | 56.04% | 7.76% | 1.37x |
| CCJ | 117.0 | 4.85 | 126.15 | 24 (2026-03-06) | 69.59% | 4.15% | 1.35x |
| CCJ | 120.0 | 7.65 | 126.15 | 34 (2026-03-20) | 63.49% | 6.38% | 1.34x |
| CCJ | 110.0 | 4.0 | 126.15 | 34 (2026-03-20) | 77.34% | 3.64% | 1.23x |
| CCJ | 115.0 | 10.7 | 126.15 | 98 (2026-06-18) | 67.49% | 9.30% | 1.17x |
| CCJ | 100.0 | 5.3 | 126.15 | 98 (2026-06-18) | 80.80% | 5.30% | 1.11x |