Recommendation: NO
Current Price: $78.87
Total Wheels: 7
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 |
|---|---|---|---|---|---|---|---|
| ARKK | 78.0 | 1.35 | 78.87 | 4 (2026-07-02) | 58.99% | 1.73% | 1.67x |
| ARKK | 78.0 | 2.67 | 78.87 | 15 (2026-07-17) | 56.58% | 3.42% | 1.38x |
| ARKK | 75.0 | 1.56 | 78.87 | 15 (2026-07-17) | 70.83% | 2.08% | 1.28x |
| ARKK | 76.5 | 2.99 | 78.87 | 25 (2026-07-31) | 61.88% | 3.91% | 1.27x |
| ARKK | 77.5 | 3.05 | 78.87 | 25 (2026-07-31) | 58.40% | 3.94% | 1.26x |
| ARKK | 77.0 | 4.1 | 78.87 | 40 (2026-08-21) | 59.33% | 5.32% | 1.22x |
| ARKK | 75.0 | 4.35 | 78.87 | 60 (2026-09-18) | 64.03% | 5.80% | 1.17x |
| ARKK | 76.0 | 6.25 | 78.87 | 125 (2026-12-18) | 61.29% | 8.22% | 1.10x |