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 | 8 (2026-08-21) | 68.17% | 2.22% | 1.61x |
| TLRY | 0.5 | 0.12 | 4.68 | 113 (2027-01-15) | 98.35% | 24.00% | 1.60x |
| TLRY | 4.5 | 0.29 | 4.68 | 28 (2026-09-18) | 61.69% | 6.44% | 1.42x |
| TLRY | 3.0 | 0.04 | 4.68 | 13 (2026-08-28) | 94.43% | 1.33% | 1.27x |
| TLRY | 4.0 | 0.11 | 4.68 | 28 (2026-09-18) | 80.79% | 2.75% | 1.22x |
| TLRY | 3.0 | 0.26 | 4.68 | 113 (2027-01-15) | 85.67% | 8.67% | 1.17x |
| TLRY | 3.5 | 0.01 | 4.68 | 8 (2026-08-21) | 96.97% | 0.29% | 1.09x |
| TLRY | 3.0 | 0.02 | 4.68 | 28 (2026-09-18) | 96.75% | 0.67% | 1.06x |