Recommendation: NO
Current Price: $107.91
Total Wheels: 30
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 | 65.0 | 0.68 | 107.91 | 4 (2026-04-02) | 95.79% | 1.05% | 1.65x |
| FAS | 106.0 | 8.7 | 107.91 | 25 (2026-05-01) | 57.74% | 8.21% | 1.59x |
| FAS | 105.0 | 8.3 | 107.91 | 25 (2026-05-01) | 59.36% | 7.90% | 1.59x |
| FAS | 90.0 | 2.4 | 107.91 | 20 (2026-04-24) | 82.81% | 2.67% | 1.32x |
| FAS | 97.91 | 11.0 | 107.91 | 80 (2026-07-17) | 67.41% | 11.23% | 1.26x |
| FAS | 90.0 | 10.9 | 107.91 | 125 (2026-09-18) | 73.44% | 12.11% | 1.19x |
| FAS | 85.0 | 9.2 | 107.91 | 125 (2026-09-18) | 77.03% | 10.82% | 1.18x |