Recommendation: NO
Current Price: $11.71
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| LI | 11.5 | 0.45 | 11.71 | 15 (2026-10-16) | 58.52% | 3.91% | 1.46x |
| LI | 11.5 | 0.7 | 11.71 | 25 (2026-10-30) | 57.79% | 6.09% | 1.42x |
| LI | 11.5 | 0.12 | 11.71 | 5 (2026-10-02) | 66.34% | 1.04% | 1.42x |
| LI | 10.0 | 0.15 | 11.71 | 10 (2026-10-09) | 85.52% | 1.50% | 1.38x |
| LI | 9.0 | 0.18 | 11.71 | 15 (2026-10-16) | 88.43% | 2.00% | 1.34x |
| LI | 11.0 | 0.18 | 11.71 | 15 (2026-10-16) | 75.35% | 1.64% | 1.23x |
| LI | 11.0 | 0.45 | 11.71 | 40 (2026-11-20) | 67.82% | 4.09% | 1.19x |
| LI | 11.0 | 0.66 | 11.71 | 60 (2026-12-18) | 65.68% | 6.00% | 1.18x |
| LI | 11.0 | 1.17 | 11.71 | 125 (2027-03-19) | 64.22% | 10.64% | 1.14x |
| LI | 10.5 | 0.03 | 11.71 | 5 (2026-10-02) | 92.56% | 0.29% | 1.14x |
| LI | 10.5 | 0.06 | 11.71 | 10 (2026-10-09) | 89.49% | 0.57% | 1.14x |
| LI | 10.0 | 0.34 | 11.71 | 60 (2026-12-18) | 79.38% | 3.40% | 1.12x |
| LI | 10.0 | 0.1 | 11.71 | 20 (2026-10-23) | 87.61% | 1.00% | 1.12x |
| LI | 10.0 | 0.75 | 11.71 | 125 (2027-03-19) | 74.03% | 7.50% | 1.12x |
| LI | 10.0 | 0.21 | 11.71 | 40 (2026-11-20) | 83.01% | 2.10% | 1.12x |
| LI | 9.0 | 0.17 | 11.71 | 60 (2026-12-18) | 88.83% | 1.89% | 1.07x |
| LI | 9.5 | 0.05 | 11.71 | 20 (2026-10-23) | 93.40% | 0.53% | 1.06x |
| LI | 9.5 | 0.03 | 11.71 | 15 (2026-10-16) | 95.70% | 0.32% | 1.05x |
| LI | 9.0 | 0.07 | 11.71 | 40 (2026-11-20) | 93.36% | 0.78% | 1.05x |
| LI | 8.0 | 0.12 | 11.71 | 80 (2027-01-15) | 92.98% | 1.50% | 1.04x |
| LI | 3.0 | 0.03 | 11.71 | 80 (2027-01-15) | 99.18% | 1.00% | 1.03x |
| LI | 4.0 | 0.04 | 11.71 | 125 (2027-03-19) | 98.50% | 1.00% | 1.02x |