Recommendation: NO
Current Price: $55.52
Total Wheels: 206
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 | 55.0 | 1.79 | 55.52 | 5 (2026-02-13) | 55.94% | 3.25% | 2.48x |
| TNA | 54.0 | 1.4 | 55.52 | 5 (2026-02-13) | 63.25% | 2.59% | 2.27x |
| TNA | 53.5 | 1.25 | 55.52 | 5 (2026-02-13) | 66.69% | 2.34% | 2.18x |
| TNA | 53.0 | 1.09 | 55.52 | 5 (2026-02-13) | 70.04% | 2.06% | 2.06x |
| TNA | 52.5 | 0.96 | 55.52 | 5 (2026-02-13) | 73.02% | 1.83% | 1.95x |
| TNA | 52.0 | 0.84 | 55.52 | 5 (2026-02-13) | 75.89% | 1.62% | 1.85x |
| TNA | 55.0 | 2.41 | 55.52 | 10 (2026-02-20) | 55.59% | 4.38% | 1.83x |
| TNA | 54.0 | 2.02 | 55.52 | 10 (2026-02-20) | 61.31% | 3.74% | 1.77x |
| TNA | 53.0 | 1.68 | 55.52 | 10 (2026-02-20) | 66.63% | 3.17% | 1.69x |
| TNA | 55.0 | 2.99 | 55.52 | 15 (2026-02-27) | 55.58% | 5.44% | 1.65x |
| TNA | 52.0 | 1.39 | 55.52 | 10 (2026-02-20) | 71.45% | 2.67% | 1.61x |
| TNA | 50.5 | 0.55 | 55.52 | 5 (2026-02-13) | 83.14% | 1.09% | 1.58x |
| TNA | 55.0 | 3.5 | 55.52 | 20 (2026-03-06) | 55.70% | 6.36% | 1.55x |
| TNA | 50.0 | 0.5 | 55.52 | 5 (2026-02-13) | 84.39% | 1.00% | 1.53x |
| TNA | 50.0 | 0.92 | 55.52 | 10 (2026-02-20) | 79.81% | 1.84% | 1.44x |
| TNA | 53.0 | 3.6 | 55.52 | 30 (2026-03-20) | 62.72% | 6.79% | 1.42x |
| TNA | 49.0 | 0.75 | 55.52 | 10 (2026-02-20) | 83.16% | 1.53% | 1.38x |
| TNA | 48.0 | 0.58 | 55.52 | 10 (2026-02-20) | 86.35% | 1.21% | 1.30x |
| TNA | 47.0 | 1.87 | 55.52 | 30 (2026-03-20) | 78.82% | 3.98% | 1.30x |
| TNA | 46.0 | 1.64 | 55.52 | 30 (2026-03-20) | 81.04% | 3.57% | 1.27x |
| TNA | 48.0 | 3.1 | 55.52 | 50 (2026-04-17) | 73.88% | 6.46% | 1.26x |
| TNA | 47.0 | 2.85 | 55.52 | 50 (2026-04-17) | 75.85% | 6.06% | 1.25x |
| TNA | 55.0 | 12.35 | 55.52 | 245 (2027-01-15) | 62.65% | 22.45% | 1.14x |