Recommendation: NO
Current Price: $147.20
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 | 145.0 | 2.5 | 147.20 | 5 (2026-10-02) | 61.23% | 1.72% | 1.70x |
| FAS | 143.0 | 28.5 | 147.20 | 60 (2026-12-18) | 62.75% | 19.93% | 1.64x |
| FAS | 146.0 | 2.5 | 147.20 | 5 (2026-10-02) | 57.32% | 1.71% | 1.64x |
| FAS | 143.0 | 1.95 | 147.20 | 5 (2026-10-02) | 68.77% | 1.36% | 1.60x |
| FAS | 147.0 | 4.7 | 147.20 | 10 (2026-10-09) | 52.43% | 3.20% | 1.52x |
| FAS | 142.0 | 2.85 | 147.20 | 10 (2026-10-09) | 67.65% | 2.01% | 1.40x |
| FAS | 140.0 | 2.55 | 147.20 | 10 (2026-10-09) | 71.92% | 1.82% | 1.39x |
| FAS | 141.0 | 2.45 | 147.20 | 10 (2026-10-09) | 70.72% | 1.74% | 1.36x |
| FAS | 141.0 | 0.98 | 147.20 | 5 (2026-10-02) | 79.11% | 0.70% | 1.32x |
| FAS | 144.0 | 0.91 | 147.20 | 5 (2026-10-02) | 73.18% | 0.63% | 1.26x |
| FAS | 138.0 | 3.45 | 147.20 | 20 (2026-10-23) | 71.91% | 2.50% | 1.25x |
| FAS | 135.0 | 3.6 | 147.20 | 25 (2026-10-30) | 74.61% | 2.67% | 1.22x |
| FAS | 135.0 | 1.2 | 147.20 | 10 (2026-10-09) | 83.84% | 0.89% | 1.21x |
| FAS | 135.0 | 2.35 | 147.20 | 20 (2026-10-23) | 78.25% | 1.74% | 1.19x |
| FAS | 130.0 | 2.0 | 147.20 | 20 (2026-10-23) | 82.93% | 1.54% | 1.17x |
| FAS | 140.91 | 8.51 | 147.20 | 60 (2026-12-18) | 62.80% | 6.04% | 1.17x |
| FAS | 135.0 | 0.45 | 147.20 | 5 (2026-10-02) | 90.64% | 0.33% | 1.16x |
| FAS | 142.91 | 6.4 | 147.20 | 60 (2026-12-18) | 61.27% | 4.48% | 1.12x |
| FAS | 115.0 | 1.1 | 147.20 | 25 (2026-10-30) | 91.98% | 0.96% | 1.09x |