Recommendation: NO
Current Price: $12.47
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 | 12.0 | 0.15 | 12.47 | 7 (2026-08-21) | 72.73% | 1.25% | 1.39x |
| LI | 12.0 | 0.5 | 12.47 | 22 (2026-09-11) | 62.97% | 4.17% | 1.35x |
| LI | 11.5 | 0.21 | 12.47 | 12 (2026-08-28) | 76.90% | 1.83% | 1.34x |
| LI | 12.0 | 0.58 | 12.47 | 27 (2026-09-18) | 62.60% | 4.83% | 1.32x |
| LI | 11.0 | 0.09 | 12.47 | 7 (2026-08-21) | 87.75% | 0.82% | 1.29x |
| LI | 12.0 | 0.6 | 12.47 | 32 (2026-09-25) | 62.69% | 5.00% | 1.28x |
| LI | 9.0 | 0.06 | 12.47 | 7 (2026-08-21) | 95.07% | 0.67% | 1.26x |
| LI | 11.5 | 0.08 | 12.47 | 7 (2026-08-21) | 85.10% | 0.70% | 1.24x |
| LI | 12.0 | 1.13 | 12.47 | 92 (2026-12-18) | 61.26% | 9.42% | 1.17x |
| LI | 11.0 | 0.09 | 12.47 | 12 (2026-08-28) | 87.83% | 0.82% | 1.16x |
| LI | 10.5 | 0.05 | 12.47 | 12 (2026-08-28) | 93.20% | 0.48% | 1.10x |
| LI | 5.0 | 0.06 | 12.47 | 112 (2027-01-15) | 97.86% | 1.20% | 1.03x |
| LI | 3.0 | 0.03 | 12.47 | 112 (2027-01-15) | 99.20% | 1.00% | 1.02x |