Recommendation: NO
Current Price: $160.34
Total Wheels: 28
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 | 160.0 | 3.7 | 160.34 | 6 (2026-02-13) | 52.71% | 2.31% | 1.66x |
| FAS | 157.91 | 12.0 | 160.34 | 51 (2026-04-17) | 57.31% | 7.60% | 1.23x |
| FAS | 158.91 | 12.2 | 160.34 | 51 (2026-04-17) | 56.07% | 7.68% | 1.23x |