Recommendation: NO
Current Price: $128.56
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 | 127.91 | 26.05 | 128.56 | 48 (2026-07-17) | 60.79% | 20.37% | 1.85x |
| FAS | 120.0 | 4.2 | 128.56 | 27 (2026-06-18) | 69.94% | 3.50% | 1.25x |
| FAS | 115.0 | 3.0 | 128.56 | 27 (2026-06-18) | 77.46% | 2.61% | 1.21x |
| FAS | 118.0 | 0.4 | 128.56 | 3 (2026-05-15) | 90.47% | 0.34% | 1.17x |
| FAS | 115.0 | 9.2 | 128.56 | 93 (2026-09-18) | 69.87% | 8.00% | 1.16x |
| FAS | 110.0 | 1.9 | 128.56 | 27 (2026-06-18) | 84.29% | 1.73% | 1.14x |
| FAS | 100.0 | 6.4 | 128.56 | 113 (2026-10-16) | 80.48% | 6.40% | 1.12x |
| FAS | 95.0 | 0.55 | 128.56 | 27 (2026-06-18) | 95.11% | 0.58% | 1.05x |
| FAS | 100.0 | 0.2 | 128.56 | 18 (2026-06-05) | 97.02% | 0.20% | 1.03x |