Recommendation: NO
Current Price: $155.19
Total Wheels: 24
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 |
|---|---|---|---|---|---|---|---|
| FAS | 155.0 | 8.66 | 155.19 | 8 (2025-07-03) | 53.23% | 5.59% | 2.52x |
| FAS | 153.0 | 3.72 | 155.19 | 4 (2025-06-27) | 58.87% | 2.43% | 2.05x |
| FAS | 145.0 | 3.7 | 155.19 | 8 (2025-07-03) | 72.20% | 2.55% | 1.78x |
| FAS | 150.0 | 7.7 | 155.19 | 14 (2025-07-11) | 61.41% | 5.13% | 1.75x |
| FAS | 150.0 | 2.0 | 155.19 | 4 (2025-06-27) | 70.52% | 1.33% | 1.60x |
| FAS | 154.0 | 9.2 | 155.19 | 19 (2025-07-18) | 55.22% | 5.97% | 1.54x |
| FAS | 155.0 | 8.9 | 155.19 | 19 (2025-07-18) | 53.38% | 5.74% | 1.49x |
| FAS | 150.0 | 7.03 | 155.19 | 19 (2025-07-18) | 61.80% | 4.69% | 1.46x |
| FAS | 150.0 | 11.8 | 155.19 | 39 (2025-08-15) | 60.51% | 7.87% | 1.35x |
| FAS | 155.0 | 19.35 | 155.19 | 84 (2025-10-17) | 56.77% | 12.48% | 1.23x |
| FAS | 150.0 | 17.05 | 155.19 | 84 (2025-10-17) | 60.81% | 11.37% | 1.22x |
| FAS | 145.0 | 13.6 | 155.19 | 84 (2025-10-17) | 64.87% | 9.38% | 1.19x |
| FAS | 145.0 | 21.05 | 155.19 | 149 (2026-01-16) | 64.94% | 14.52% | 1.16x |
| FAS | 147.0 | 20.6 | 155.19 | 149 (2026-01-16) | 63.61% | 14.01% | 1.16x |
| FAS | 100.0 | 2.2 | 155.19 | 39 (2025-08-15) | 92.37% | 2.20% | 1.14x |
| FAS | 95.0 | 1.85 | 155.19 | 39 (2025-08-15) | 93.60% | 1.95% | 1.12x |