Recommendation: NO
Current Price: $182.16
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 | 160.91 | 38.03 | 182.16 | 92 (2026-12-18) | 70.39% | 23.63% | 1.52x |
| FAS | 178.0 | 42.0 | 182.16 | 112 (2027-01-15) | 63.89% | 23.60% | 1.37x |
| FAS | 172.5 | 3.34 | 182.16 | 12 (2026-08-28) | 72.25% | 1.94% | 1.34x |
| FAS | 172.0 | 3.21 | 182.16 | 12 (2026-08-28) | 73.15% | 1.87% | 1.33x |
| FAS | 172.0 | 4.58 | 182.16 | 17 (2026-09-04) | 70.12% | 2.66% | 1.32x |
| FAS | 172.91 | 6.7 | 182.16 | 27 (2026-09-18) | 66.45% | 3.87% | 1.27x |
| FAS | 168.0 | 2.33 | 182.16 | 12 (2026-08-28) | 79.50% | 1.39% | 1.26x |
| FAS | 172.0 | 5.0 | 182.16 | 22 (2026-09-11) | 69.47% | 2.91% | 1.26x |
| FAS | 167.5 | 2.22 | 182.16 | 12 (2026-08-28) | 80.25% | 1.33% | 1.25x |
| FAS | 165.0 | 2.11 | 182.16 | 12 (2026-08-28) | 82.24% | 1.28% | 1.25x |
| FAS | 180.0 | 12.64 | 182.16 | 47 (2026-10-16) | 56.54% | 7.02% | 1.23x |
| FAS | 179.0 | 0.85 | 182.16 | 2 (2026-08-14) | 73.53% | 0.47% | 1.19x |