Recommendation: NO
Current Price: $17.46
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 | 17.0 | 0.62 | 17.46 | 20 (2026-04-24) | 61.24% | 3.65% | 1.32x |
| LI | 17.0 | 1.26 | 17.46 | 59 (2026-06-18) | 59.44% | 7.41% | 1.20x |
| LI | 16.0 | 0.85 | 17.46 | 59 (2026-06-18) | 69.56% | 5.31% | 1.17x |
| LI | 16.0 | 1.36 | 17.46 | 125 (2026-09-18) | 67.35% | 8.50% | 1.12x |
| LI | 11.0 | 0.15 | 17.46 | 35 (2026-05-15) | 94.57% | 1.36% | 1.10x |
| LI | 14.0 | 0.78 | 17.46 | 125 (2026-09-18) | 79.90% | 5.57% | 1.09x |
| LI | 13.0 | 1.77 | 17.46 | 475 (2028-01-21) | 79.06% | 13.62% | 1.06x |
| LI | 5.0 | 0.22 | 17.46 | 475 (2028-01-21) | 97.23% | 4.40% | 1.02x |
| LI | 3.0 | 0.03 | 17.46 | 210 (2027-01-15) | 99.45% | 1.00% | 1.01x |
| LI | 5.0 | 0.05 | 17.46 | 210 (2027-01-15) | 99.01% | 1.00% | 1.01x |
| LI | 10.0 | 0.01 | 17.46 | 35 (2026-05-15) | 99.24% | 0.10% | 1.01x |