Recommendation: NO
Current Price: $46.43
Total Wheels: 12
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 |
|---|---|---|---|---|---|---|---|
| CRSP | 43.0 | 0.22 | 46.43 | 4 (2026-03-27) | 86.97% | 0.51% | 1.25x |
| CRSP | 37.5 | 2.25 | 46.43 | 84 (2026-07-17) | 78.93% | 6.00% | 1.15x |
| CRSP | 32.5 | 0.18 | 46.43 | 19 (2026-04-17) | 95.95% | 0.55% | 1.07x |