Recommendation: NO
Current Price: $67.97
Total Wheels: 245
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 | 67.5 | 2.04 | 67.97 | 5 (2026-07-31) | 55.02% | 3.02% | 2.30x |
| TNA | 66.0 | 1.56 | 67.97 | 5 (2026-07-31) | 64.45% | 2.36% | 2.14x |
| TNA | 65.0 | 1.31 | 67.97 | 5 (2026-07-31) | 69.75% | 2.02% | 2.02x |
| TNA | 63.5 | 0.87 | 67.97 | 5 (2026-07-31) | 77.69% | 1.37% | 1.71x |
| TNA | 64.0 | 1.44 | 67.97 | 10 (2026-08-07) | 71.99% | 2.25% | 1.50x |
| TNA | 64.0 | 2.15 | 67.97 | 15 (2026-08-14) | 68.76% | 3.36% | 1.47x |
| TNA | 65.0 | 2.61 | 67.97 | 20 (2026-08-21) | 64.75% | 4.02% | 1.38x |
| TNA | 60.0 | 1.94 | 67.97 | 20 (2026-08-21) | 77.09% | 3.23% | 1.36x |
| TNA | 64.0 | 2.2 | 67.97 | 20 (2026-08-21) | 68.73% | 3.44% | 1.34x |
| TNA | 65.0 | 8.3 | 67.97 | 105 (2026-12-18) | 62.32% | 12.77% | 1.20x |
| TNA | 60.0 | 6.25 | 67.97 | 105 (2026-12-18) | 69.96% | 10.42% | 1.18x |
| TNA | 58.0 | 6.0 | 67.97 | 125 (2027-01-15) | 72.52% | 10.34% | 1.16x |