Recommendation: NO
Current Price: $55.68
Total Wheels: 256
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 | 1.56 | 55.68 | 5 (2026-10-30) | 57.48% | 2.84% | 2.26x |
| TNA | 54.0 | 1.04 | 55.68 | 5 (2026-10-30) | 66.40% | 1.93% | 1.90x |
| TNA | 53.0 | 0.9 | 55.68 | 5 (2026-10-30) | 72.13% | 1.70% | 1.85x |
| TNA | 55.0 | 2.18 | 55.68 | 10 (2026-11-06) | 56.64% | 3.96% | 1.75x |
| TNA | 53.0 | 2.07 | 55.68 | 15 (2026-11-13) | 65.79% | 3.91% | 1.53x |
| TNA | 55.0 | 3.25 | 55.68 | 20 (2026-11-20) | 56.37% | 5.91% | 1.51x |
| TNA | 50.0 | 2.7 | 55.68 | 40 (2026-12-18) | 71.70% | 5.40% | 1.27x |
| TNA | 45.0 | 1.47 | 55.68 | 40 (2026-12-18) | 83.07% | 3.27% | 1.18x |
| TNA | 45.0 | 4.1 | 55.68 | 125 (2027-04-16) | 76.52% | 9.11% | 1.15x |