Recommendation: NO
Current Price: $19.60
Total Wheels: 10
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 |
|---|---|---|---|---|---|---|---|
| PINS | 19.0 | 1.05 | 19.60 | 5 (2026-02-13) | 60.54% | 5.53% | 5.25x |
| PINS | 19.0 | 1.16 | 19.60 | 10 (2026-02-20) | 60.30% | 6.11% | 2.49x |
| PINS | 18.0 | 0.78 | 19.60 | 10 (2026-02-20) | 70.55% | 4.33% | 2.14x |
| PINS | 17.0 | 0.51 | 19.60 | 10 (2026-02-20) | 79.15% | 3.00% | 1.81x |
| PINS | 19.0 | 1.42 | 19.60 | 30 (2026-03-20) | 60.05% | 7.47% | 1.45x |
| PINS | 18.0 | 0.98 | 19.60 | 30 (2026-03-20) | 69.06% | 5.44% | 1.36x |
| PINS | 13.0 | 0.65 | 19.60 | 160 (2026-09-18) | 87.66% | 5.00% | 1.07x |