Recommendation: NO
Current Price: $20.82
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 | 20.5 | 0.35 | 20.82 | 4 (2026-07-02) | 61.36% | 1.71% | 1.69x |
| PINS | 20.0 | 0.2 | 20.82 | 4 (2026-07-02) | 74.17% | 1.00% | 1.45x |
| PINS | 20.0 | 1.58 | 20.82 | 40 (2026-08-21) | 61.47% | 7.90% | 1.35x |
| PINS | 19.0 | 1.16 | 20.82 | 40 (2026-08-21) | 69.13% | 6.11% | 1.30x |
| PINS | 19.5 | 0.11 | 20.82 | 4 (2026-07-02) | 84.98% | 0.56% | 1.27x |
| PINS | 19.5 | 0.51 | 20.82 | 20 (2026-07-24) | 71.64% | 2.62% | 1.26x |
| PINS | 19.0 | 0.28 | 20.82 | 15 (2026-07-17) | 80.27% | 1.47% | 1.22x |
| PINS | 17.0 | 0.12 | 20.82 | 10 (2026-07-10) | 92.10% | 0.71% | 1.18x |
| PINS | 20.0 | 2.68 | 20.82 | 125 (2026-12-18) | 62.01% | 13.40% | 1.17x |
| PINS | 18.0 | 0.05 | 20.82 | 4 (2026-07-02) | 94.47% | 0.28% | 1.14x |
| PINS | 17.0 | 0.04 | 20.82 | 4 (2026-07-02) | 96.16% | 0.24% | 1.12x |
| PINS | 12.0 | 0.11 | 20.82 | 40 (2026-08-21) | 96.49% | 0.92% | 1.06x |
| PINS | 11.0 | 0.08 | 20.82 | 40 (2026-08-21) | 97.42% | 0.73% | 1.05x |