Recommendation: NO
Current Price: $28.08
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 | 28.0 | 0.5 | 28.08 | 4 (2025-06-27) | 53.38% | 1.79% | 1.61x |
| LI | 27.5 | 0.3 | 28.08 | 4 (2025-06-27) | 67.44% | 1.09% | 1.45x |
| LI | 27.0 | 0.38 | 28.08 | 8 (2025-07-03) | 71.63% | 1.41% | 1.37x |
| LI | 28.0 | 1.55 | 28.08 | 24 (2025-07-25) | 53.82% | 5.54% | 1.36x |
| LI | 24.5 | 0.27 | 28.08 | 8 (2025-07-03) | 86.52% | 1.10% | 1.35x |
| LI | 27.0 | 0.59 | 28.08 | 14 (2025-07-11) | 67.79% | 2.19% | 1.30x |
| LI | 27.0 | 0.16 | 28.08 | 4 (2025-06-27) | 79.56% | 0.59% | 1.27x |
| LI | 26.5 | 0.25 | 28.08 | 8 (2025-07-03) | 79.54% | 0.94% | 1.27x |
| LI | 27.0 | 1.6 | 28.08 | 39 (2025-08-15) | 62.02% | 5.93% | 1.26x |
| LI | 26.0 | 0.21 | 28.08 | 8 (2025-07-03) | 83.59% | 0.81% | 1.24x |
| LI | 26.5 | 0.13 | 28.08 | 4 (2025-06-27) | 85.13% | 0.49% | 1.23x |
| LI | 26.0 | 0.54 | 28.08 | 19 (2025-07-18) | 75.44% | 2.08% | 1.23x |
| LI | 28.0 | 2.51 | 28.08 | 64 (2025-09-19) E | 55.39% | 8.96% | 1.21x |
| LI | 27.0 | 2.11 | 28.08 | 64 (2025-09-19) E | 61.43% | 7.81% | 1.20x |
| LI | 24.0 | 0.14 | 28.08 | 8 (2025-07-03) | 91.23% | 0.58% | 1.18x |
| LI | 25.0 | 1.31 | 28.08 | 64 (2025-09-19) E | 72.74% | 5.24% | 1.16x |
| LI | 25.0 | 0.31 | 28.08 | 19 (2025-07-18) | 84.08% | 1.24% | 1.15x |
| LI | 23.0 | 0.19 | 28.08 | 14 (2025-07-11) | 91.20% | 0.83% | 1.14x |
| LI | 26.0 | 2.69 | 28.08 | 129 (2025-12-19) E | 65.77% | 10.35% | 1.14x |
| LI | 27.0 | 3.4 | 28.08 | 149 (2026-01-16) E | 61.81% | 12.59% | 1.14x |
| LI | 25.0 | 2.26 | 28.08 | 129 (2025-12-19) E | 69.82% | 9.04% | 1.13x |
| LI | 25.0 | 2.37 | 28.08 | 149 (2026-01-16) E | 69.68% | 9.48% | 1.11x |
| LI | 24.0 | 1.72 | 28.08 | 129 (2025-12-19) E | 74.23% | 7.17% | 1.11x |
| LI | 23.0 | 1.52 | 28.08 | 129 (2025-12-19) E | 77.55% | 6.61% | 1.10x |
| LI | 24.0 | 0.23 | 28.08 | 24 (2025-07-25) | 88.57% | 0.96% | 1.09x |
| LI | 21.0 | 1.32 | 28.08 | 149 (2026-01-16) E | 82.41% | 6.29% | 1.09x |
| LI | 21.0 | 0.47 | 28.08 | 64 (2025-09-19) E | 88.70% | 2.24% | 1.08x |
| LI | 25.5 | 0.04 | 28.08 | 4 (2025-06-27) | 94.56% | 0.16% | 1.08x |
| LI | 26.0 | 0.04 | 28.08 | 4 (2025-06-27) | 93.74% | 0.15% | 1.08x |
| LI | 19.0 | 0.36 | 28.08 | 64 (2025-09-19) E | 92.08% | 1.89% | 1.07x |
| LI | 25.0 | 0.05 | 28.08 | 8 (2025-07-03) | 94.36% | 0.20% | 1.06x |
| LI | 20.0 | 0.33 | 28.08 | 64 (2025-09-19) E | 91.65% | 1.65% | 1.06x |
| LI | 22.0 | 0.1 | 28.08 | 24 (2025-07-25) | 94.60% | 0.45% | 1.05x |
| LI | 25.0 | 0.02 | 28.08 | 4 (2025-06-27) | 97.30% | 0.08% | 1.04x |