Recommendation: NO
Current Price: $4.68
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 | 4.5 | 0.1 | 4.68 | 7 (2026-08-21) | 69.10% | 2.22% | 1.73x |
| TLRY | 0.5 | 0.12 | 4.68 | 112 (2027-01-15) | 98.36% | 24.00% | 1.61x |
| TLRY | 4.5 | 0.3 | 4.68 | 22 (2026-09-11) | 61.34% | 6.67% | 1.58x |
| TLRY | 4.5 | 0.22 | 4.68 | 17 (2026-09-04) | 62.69% | 4.89% | 1.56x |
| TLRY | 4.5 | 0.3 | 4.68 | 27 (2026-09-18) | 61.57% | 6.67% | 1.46x |
| TLRY | 4.0 | 0.17 | 4.68 | 22 (2026-09-11) | 77.54% | 4.25% | 1.45x |
| TLRY | 4.0 | 0.06 | 4.68 | 12 (2026-08-28) | 86.16% | 1.50% | 1.31x |
| TLRY | 3.0 | 0.04 | 4.68 | 12 (2026-08-28) | 94.34% | 1.33% | 1.30x |
| TLRY | 4.5 | 0.03 | 4.68 | 2 (2026-08-14) | 78.25% | 0.67% | 1.30x |
| TLRY | 4.0 | 0.12 | 4.68 | 27 (2026-09-18) | 80.20% | 3.00% | 1.25x |
| TLRY | 4.0 | 0.02 | 4.68 | 7 (2026-08-21) | 93.41% | 0.50% | 1.18x |
| TLRY | 3.0 | 0.26 | 4.68 | 112 (2027-01-15) | 85.71% | 8.67% | 1.17x |
| TLRY | 3.5 | 0.01 | 4.68 | 7 (2026-08-21) | 96.13% | 0.29% | 1.10x |
| TLRY | 3.0 | 0.02 | 4.68 | 27 (2026-09-18) | 96.96% | 0.67% | 1.06x |