Recommendation: NO
Current Price: $27.06
Total Wheels: 159
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 | 26.5 | 0.82 | 27.06 | 4 (2025-05-09) | 60.19% | 3.09% | 2.53x |
| TNA | 27.0 | 0.95 | 27.06 | 4 (2025-05-09) | 52.83% | 3.52% | 2.53x |
| TNA | 27.0 | 1.43 | 27.06 | 9 (2025-05-16) | 53.43% | 5.30% | 2.18x |
| TNA | 26.0 | 0.56 | 27.06 | 4 (2025-05-09) | 68.05% | 2.15% | 2.08x |
| TNA | 26.0 | 0.97 | 27.06 | 9 (2025-05-16) | 64.16% | 3.73% | 1.94x |
| TNA | 26.5 | 1.04 | 27.06 | 9 (2025-05-16) | 59.27% | 3.92% | 1.90x |
| TNA | 27.0 | 1.68 | 27.06 | 14 (2025-05-23) | 53.82% | 6.22% | 1.81x |
| TNA | 25.5 | 0.39 | 27.06 | 4 (2025-05-09) | 75.16% | 1.53% | 1.78x |
| TNA | 25.0 | 0.71 | 27.06 | 9 (2025-05-16) | 73.01% | 2.84% | 1.78x |
| TNA | 25.5 | 0.7 | 27.06 | 9 (2025-05-16) | 70.79% | 2.75% | 1.71x |
| TNA | 25.5 | 1.16 | 27.06 | 14 (2025-05-23) | 66.55% | 4.55% | 1.71x |
| TNA | 22.5 | 1.06 | 27.06 | 19 (2025-05-30) | 78.74% | 4.71% | 1.62x |
| TNA | 25.0 | 0.95 | 27.06 | 14 (2025-05-23) | 70.68% | 3.80% | 1.61x |
| TNA | 25.0 | 0.29 | 27.06 | 4 (2025-05-09) | 80.87% | 1.16% | 1.60x |
| TNA | 25.5 | 1.38 | 27.06 | 19 (2025-05-30) | 65.59% | 5.41% | 1.59x |
| TNA | 24.5 | 0.5 | 27.06 | 9 (2025-05-16) | 78.98% | 2.04% | 1.56x |
| TNA | 27.0 | 2.71 | 27.06 | 34 (2025-06-20) | 55.59% | 10.04% | 1.50x |
| TNA | 24.0 | 0.42 | 27.06 | 9 (2025-05-16) | 81.65% | 1.75% | 1.49x |
| TNA | 24.0 | 0.63 | 27.06 | 14 (2025-05-23) | 78.39% | 2.62% | 1.44x |
| TNA | 26.0 | 2.11 | 27.06 | 34 (2025-06-20) | 61.37% | 8.12% | 1.43x |
| TNA | 24.5 | 0.2 | 27.06 | 4 (2025-05-09) | 85.61% | 0.82% | 1.42x |
| TNA | 25.0 | 1.8 | 27.06 | 34 (2025-06-20) | 66.88% | 7.20% | 1.42x |
| TNA | 23.5 | 0.56 | 27.06 | 14 (2025-05-23) | 80.97% | 2.38% | 1.41x |
| TNA | 24.0 | 0.79 | 27.06 | 19 (2025-05-30) | 76.48% | 3.29% | 1.39x |
| TNA | 24.0 | 2.44 | 27.06 | 54 (2025-07-18) | 69.55% | 10.17% | 1.38x |
| TNA | 23.0 | 0.3 | 27.06 | 9 (2025-05-16) | 86.45% | 1.30% | 1.37x |
| TNA | 23.5 | 0.31 | 27.06 | 9 (2025-05-16) | 85.37% | 1.32% | 1.37x |
| TNA | 27.0 | 3.21 | 27.06 | 54 (2025-07-18) | 56.51% | 11.89% | 1.35x |
| TNA | 26.0 | 2.78 | 27.06 | 54 (2025-07-18) | 61.37% | 10.69% | 1.35x |
| TNA | 25.0 | 2.41 | 27.06 | 54 (2025-07-18) | 65.94% | 9.64% | 1.33x |
| TNA | 24.0 | 0.15 | 27.06 | 4 (2025-05-09) | 88.99% | 0.62% | 1.32x |
| TNA | 22.5 | 0.38 | 27.06 | 14 (2025-05-23) | 86.20% | 1.69% | 1.30x |
| TNA | 22.5 | 0.21 | 27.06 | 9 (2025-05-16) | 90.00% | 0.93% | 1.26x |
| TNA | 22.0 | 3.34 | 27.06 | 119 (2025-10-17) | 74.32% | 15.18% | 1.25x |
| TNA | 20.0 | 1.11 | 27.06 | 54 (2025-07-18) | 83.54% | 5.55% | 1.24x |
| TNA | 25.0 | 3.9 | 27.06 | 119 (2025-10-17) | 65.97% | 15.60% | 1.23x |
| TNA | 23.0 | 0.1 | 27.06 | 4 (2025-05-09) | 93.03% | 0.43% | 1.23x |
| TNA | 23.0 | 3.03 | 27.06 | 119 (2025-10-17) | 72.02% | 13.17% | 1.21x |
| TNA | 20.0 | 0.6 | 27.06 | 34 (2025-06-20) | 87.15% | 3.00% | 1.21x |
| TNA | 27.0 | 5.95 | 27.06 | 184 (2026-01-16) | 61.71% | 22.04% | 1.19x |
| TNA | 25.0 | 4.97 | 27.06 | 184 (2026-01-16) | 66.90% | 19.88% | 1.19x |
| TNA | 26.0 | 5.35 | 27.06 | 184 (2026-01-16) | 64.19% | 20.58% | 1.19x |
| TNA | 19.0 | 0.49 | 27.06 | 34 (2025-06-20) | 89.66% | 2.58% | 1.18x |
| TNA | 20.0 | 2.05 | 27.06 | 119 (2025-10-17) | 80.14% | 10.25% | 1.18x |
| TNA | 23.5 | 0.08 | 27.06 | 4 (2025-05-09) | 93.16% | 0.34% | 1.17x |
| TNA | 19.0 | 1.8 | 27.06 | 119 (2025-10-17) | 82.49% | 9.47% | 1.17x |
| TNA | 22.0 | 3.6 | 27.06 | 184 (2026-01-16) | 74.30% | 16.36% | 1.17x |
| TNA | 21.0 | 3.16 | 27.06 | 184 (2026-01-16) | 76.69% | 15.05% | 1.16x |
| TNA | 20.0 | 2.82 | 27.06 | 184 (2026-01-16) | 78.95% | 14.10% | 1.16x |
| TNA | 19.0 | 2.48 | 27.06 | 184 (2026-01-16) | 81.14% | 13.05% | 1.15x |
| TNA | 22.5 | 0.04 | 27.06 | 4 (2025-05-09) | 96.33% | 0.18% | 1.09x |