Recommendation: NO
Current Price: $1.69
Total Wheels: 2
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 |
|---|---|---|---|---|---|---|---|
| INO | 1.5 | 0.12 | 1.69 | 9 (2026-02-13) | 70.34% | 8.00% | 4.63x |
| INO | 1.0 | 0.09 | 1.69 | 14 (2026-02-20) | 87.25% | 9.00% | 3.90x |