Recommendation: NO
Current Price: $54.48
Total Wheels: 205
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 |
|---|---|---|---|---|---|---|---|
| TNA | 53.0 | 1.76 | 54.48 | 9 (2026-02-13) | 61.85% | 3.32% | 1.77x |
| TNA | 53.5 | 0.96 | 54.48 | 4 (2026-02-06) | 62.32% | 1.79% | 1.75x |
| TNA | 52.5 | 1.59 | 54.48 | 9 (2026-02-13) | 64.83% | 3.03% | 1.72x |
| TNA | 52.0 | 1.42 | 54.48 | 9 (2026-02-13) | 67.73% | 2.73% | 1.67x |
| TNA | 53.0 | 0.8 | 54.48 | 4 (2026-02-06) | 67.56% | 1.51% | 1.67x |
| TNA | 52.5 | 0.66 | 54.48 | 4 (2026-02-06) | 72.04% | 1.26% | 1.58x |
| TNA | 51.0 | 1.13 | 54.48 | 9 (2026-02-13) | 73.14% | 2.22% | 1.57x |
| TNA | 50.5 | 1.0 | 54.48 | 9 (2026-02-13) | 75.23% | 1.98% | 1.51x |
| TNA | 52.0 | 3.65 | 54.48 | 34 (2026-03-20) | 62.66% | 7.02% | 1.38x |
| TNA | 51.0 | 3.25 | 54.48 | 34 (2026-03-20) | 65.78% | 6.37% | 1.36x |
| TNA | 48.0 | 2.33 | 54.48 | 34 (2026-03-20) | 74.19% | 4.85% | 1.30x |
| TNA | 47.0 | 2.08 | 54.48 | 34 (2026-03-20) | 76.63% | 4.43% | 1.28x |
| TNA | 45.0 | 1.65 | 54.48 | 34 (2026-03-20) | 81.04% | 3.67% | 1.24x |
| TNA | 46.0 | 0.62 | 54.48 | 14 (2026-02-20) | 86.96% | 1.35% | 1.23x |
| TNA | 49.0 | 6.3 | 54.48 | 119 (2026-07-17) | 68.04% | 12.86% | 1.19x |
| TNA | 45.0 | 4.7 | 54.48 | 119 (2026-07-17) | 74.59% | 10.44% | 1.17x |