Recommendation: NO
Current Price: $25.25
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 | 25.0 | 0.51 | 25.25 | 4 (2025-05-09) | 57.63% | 2.04% | 1.80x |
| LI | 25.0 | 0.87 | 25.25 | 9 (2025-05-16) | 56.06% | 3.48% | 1.72x |
| LI | 24.5 | 0.3 | 25.25 | 4 (2025-05-09) | 68.98% | 1.22% | 1.53x |
| LI | 25.0 | 2.12 | 25.25 | 34 (2025-06-20) E | 56.39% | 8.48% | 1.41x |
| LI | 23.5 | 0.38 | 25.25 | 9 (2025-05-16) | 76.85% | 1.62% | 1.41x |
| LI | 24.0 | 0.2 | 25.25 | 4 (2025-05-09) | 79.11% | 0.83% | 1.39x |
| LI | 24.0 | 1.54 | 25.25 | 34 (2025-06-20) E | 63.58% | 6.42% | 1.34x |
| LI | 23.0 | 0.29 | 25.25 | 9 (2025-05-16) | 81.67% | 1.26% | 1.33x |
| LI | 22.5 | 0.25 | 25.25 | 9 (2025-05-16) | 84.75% | 1.11% | 1.30x |
| LI | 23.0 | 1.16 | 25.25 | 34 (2025-06-20) E | 70.53% | 5.04% | 1.30x |
| LI | 22.0 | 0.53 | 25.25 | 19 (2025-05-30) E | 80.65% | 2.41% | 1.29x |
| LI | 22.0 | 0.2 | 25.25 | 9 (2025-05-16) | 88.23% | 0.91% | 1.25x |
| LI | 23.0 | 2.91 | 25.25 | 99 (2025-09-19) E | 66.96% | 12.65% | 1.23x |
| LI | 25.0 | 3.25 | 25.25 | 99 (2025-09-19) E | 58.24% | 13.00% | 1.20x |
| LI | 21.0 | 0.24 | 25.25 | 14 (2025-05-23) E | 88.83% | 1.14% | 1.20x |
| LI | 23.0 | 0.09 | 25.25 | 4 (2025-05-09) | 90.43% | 0.39% | 1.19x |
| LI | 23.0 | 4.26 | 25.25 | 184 (2026-01-16) E | 67.61% | 18.52% | 1.18x |
| LI | 21.0 | 1.78 | 25.25 | 99 (2025-09-19) E | 75.11% | 8.48% | 1.17x |
| LI | 21.5 | 0.07 | 25.25 | 4 (2025-05-09) | 94.14% | 0.33% | 1.17x |
| LI | 25.0 | 4.3 | 25.25 | 184 (2026-01-16) E | 60.20% | 17.20% | 1.14x |
| LI | 19.0 | 0.15 | 25.25 | 14 (2025-05-23) E | 93.71% | 0.79% | 1.14x |
| LI | 10.0 | 0.64 | 25.25 | 184 (2026-01-16) E | 94.46% | 6.40% | 1.08x |
| LI | 15.0 | 0.77 | 25.25 | 184 (2026-01-16) E | 90.00% | 5.13% | 1.06x |
| LI | 3.0 | 0.1 | 25.25 | 184 (2026-01-16) E | 99.34% | 3.33% | 1.05x |