Recommendation: NO
Current Price: $31.92
Total Wheels: 166
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 | 31.5 | 0.93 | 31.92 | 4 (2025-06-27) | 57.72% | 2.95% | 2.34x |
| TNA | 30.5 | 1.11 | 31.92 | 8 (2025-07-03) | 65.50% | 3.64% | 2.10x |
| TNA | 31.0 | 0.63 | 31.92 | 4 (2025-06-27) | 65.54% | 2.03% | 1.95x |
| TNA | 30.0 | 0.85 | 31.92 | 8 (2025-07-03) | 70.35% | 2.83% | 1.86x |
| TNA | 30.5 | 0.5 | 31.92 | 4 (2025-06-27) | 72.53% | 1.64% | 1.81x |
| TNA | 28.5 | 1.2 | 31.92 | 14 (2025-07-11) | 73.82% | 4.21% | 1.73x |
| TNA | 31.0 | 1.59 | 31.92 | 14 (2025-07-11) | 60.42% | 5.13% | 1.73x |
| TNA | 29.5 | 0.64 | 31.92 | 8 (2025-07-03) | 75.33% | 2.17% | 1.67x |
| TNA | 29.0 | 0.59 | 31.92 | 8 (2025-07-03) | 78.00% | 2.03% | 1.64x |
| TNA | 30.0 | 1.18 | 31.92 | 14 (2025-07-11) | 67.94% | 3.93% | 1.61x |
| TNA | 30.0 | 2.55 | 31.92 | 29 (2025-08-01) | 64.23% | 8.50% | 1.59x |
| TNA | 28.5 | 0.52 | 31.92 | 8 (2025-07-03) | 80.64% | 1.82% | 1.58x |
| TNA | 30.0 | 0.34 | 31.92 | 4 (2025-06-27) | 78.58% | 1.13% | 1.56x |
| TNA | 31.0 | 1.76 | 31.92 | 19 (2025-07-18) | 60.17% | 5.68% | 1.56x |
| TNA | 30.0 | 1.5 | 31.92 | 19 (2025-07-18) | 66.56% | 5.00% | 1.54x |
| TNA | 29.0 | 0.93 | 31.92 | 14 (2025-07-11) | 74.16% | 3.21% | 1.53x |
| TNA | 28.0 | 0.45 | 31.92 | 8 (2025-07-03) | 83.24% | 1.61% | 1.52x |
| TNA | 28.0 | 1.4 | 31.92 | 24 (2025-07-25) | 74.25% | 5.00% | 1.47x |
| TNA | 30.0 | 2.85 | 31.92 | 39 (2025-08-15) | 64.04% | 9.50% | 1.46x |
| TNA | 28.0 | 0.74 | 31.92 | 14 (2025-07-11) | 79.22% | 2.64% | 1.45x |
| TNA | 29.5 | 0.26 | 31.92 | 4 (2025-06-27) | 83.21% | 0.88% | 1.45x |
| TNA | 29.0 | 1.09 | 31.92 | 19 (2025-07-18) | 72.91% | 3.76% | 1.43x |
| TNA | 27.5 | 0.65 | 31.92 | 14 (2025-07-11) | 81.55% | 2.36% | 1.41x |
| TNA | 28.0 | 0.95 | 31.92 | 19 (2025-07-18) | 77.25% | 3.39% | 1.41x |
| TNA | 27.5 | 0.33 | 31.92 | 8 (2025-07-03) | 86.54% | 1.20% | 1.38x |
| TNA | 29.0 | 0.21 | 31.92 | 4 (2025-06-27) | 86.21% | 0.72% | 1.37x |
| TNA | 27.0 | 0.75 | 31.92 | 19 (2025-07-18) | 81.57% | 2.78% | 1.35x |
| TNA | 27.5 | 1.01 | 31.92 | 24 (2025-07-25) | 78.14% | 3.67% | 1.35x |
| TNA | 26.0 | 1.52 | 31.92 | 39 (2025-08-15) | 78.57% | 5.85% | 1.34x |
| TNA | 27.0 | 0.52 | 31.92 | 14 (2025-07-11) | 84.37% | 1.93% | 1.34x |
| TNA | 28.0 | 1.76 | 31.92 | 39 (2025-08-15) | 72.81% | 6.29% | 1.34x |
| TNA | 27.0 | 0.9 | 31.92 | 24 (2025-07-25) | 80.08% | 3.33% | 1.32x |
| TNA | 27.0 | 1.49 | 31.92 | 39 (2025-08-15) | 76.51% | 5.52% | 1.31x |
| TNA | 27.0 | 0.25 | 31.92 | 8 (2025-07-03) | 89.30% | 0.93% | 1.30x |
| TNA | 26.0 | 0.59 | 31.92 | 19 (2025-07-18) | 85.24% | 2.27% | 1.29x |
| TNA | 29.0 | 3.64 | 31.92 | 84 (2025-10-17) | 67.16% | 12.55% | 1.27x |
| TNA | 28.5 | 0.15 | 31.92 | 4 (2025-06-27) | 89.95% | 0.53% | 1.27x |
| TNA | 30.0 | 3.76 | 31.92 | 84 (2025-10-17) | 64.04% | 12.53% | 1.26x |
| TNA | 26.0 | 2.67 | 31.92 | 84 (2025-10-17) | 75.39% | 10.27% | 1.25x |
| TNA | 25.0 | 1.04 | 31.92 | 39 (2025-08-15) | 82.91% | 4.16% | 1.24x |
| TNA | 28.0 | 0.13 | 31.92 | 4 (2025-06-27) | 91.29% | 0.46% | 1.24x |
| TNA | 25.0 | 0.45 | 31.92 | 19 (2025-07-18) | 88.41% | 1.80% | 1.23x |
| TNA | 27.0 | 2.66 | 31.92 | 84 (2025-10-17) | 73.24% | 9.85% | 1.23x |
| TNA | 25.0 | 2.04 | 31.92 | 84 (2025-10-17) | 78.66% | 8.16% | 1.21x |
| TNA | 24.0 | 0.36 | 31.92 | 19 (2025-07-18) | 90.79% | 1.50% | 1.20x |
| TNA | 30.0 | 5.0 | 31.92 | 149 (2026-01-16) | 64.77% | 16.67% | 1.19x |
| TNA | 28.0 | 4.31 | 31.92 | 149 (2026-01-16) | 69.84% | 15.39% | 1.19x |
| TNA | 27.5 | 0.09 | 31.92 | 4 (2025-06-27) | 93.81% | 0.33% | 1.17x |
| TNA | 25.0 | 3.1 | 31.92 | 149 (2026-01-16) | 76.77% | 12.40% | 1.17x |
| TNA | 23.0 | 0.27 | 31.92 | 19 (2025-07-18) | 92.96% | 1.17% | 1.15x |
| TNA | 22.0 | 2.17 | 31.92 | 149 (2026-01-16) | 82.94% | 9.86% | 1.14x |
| TNA | 22.0 | 0.21 | 31.92 | 19 (2025-07-18) | 94.46% | 0.95% | 1.13x |
| TNA | 27.0 | 0.06 | 31.92 | 4 (2025-06-27) | 95.44% | 0.22% | 1.11x |