Recommendation: NO
Current Price: $4.02
Total Wheels: 21
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 |
|---|---|---|---|---|---|---|---|
| TLRY | 4.0 | 0.26 | 4.02 | 9 (2026-10-09) | 54.63% | 6.50% | 2.66x |
| TLRY | 4.0 | 0.28 | 4.02 | 14 (2026-10-16) | 54.82% | 7.00% | 1.97x |
| TLRY | 0.5 | 0.12 | 4.02 | 79 (2027-01-15) | 98.01% | 24.00% | 1.96x |
| TLRY | 4.0 | 0.09 | 4.02 | 4 (2026-10-02) | 54.40% | 2.25% | 1.85x |
| TLRY | 4.0 | 0.34 | 4.02 | 19 (2026-10-23) | 55.41% | 8.50% | 1.84x |
| TLRY | 3.5 | 0.07 | 4.02 | 9 (2026-10-09) | 82.14% | 2.00% | 1.58x |
| TLRY | 3.5 | 0.11 | 4.02 | 14 (2026-10-16) | 78.75% | 3.14% | 1.55x |
| TLRY | 4.0 | 0.45 | 4.02 | 39 (2026-11-20) | 56.54% | 11.25% | 1.49x |
| TLRY | 3.5 | 0.15 | 4.02 | 24 (2026-10-30) | 76.08% | 4.29% | 1.40x |
| TLRY | 3.0 | 0.03 | 4.02 | 9 (2026-10-09) | 92.46% | 1.00% | 1.29x |
| TLRY | 3.5 | 0.37 | 4.02 | 79 (2027-01-15) | 70.95% | 10.57% | 1.26x |
| TLRY | 3.5 | 0.01 | 4.02 | 4 (2026-10-02) | 92.81% | 0.29% | 1.14x |
| TLRY | 2.5 | 0.06 | 4.02 | 59 (2026-12-18) | 92.69% | 2.40% | 1.10x |