Recommendation: NO
Current Price: $19.27
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 | 19.0 | 0.94 | 19.27 | 11 (2026-05-29) | 56.86% | 4.95% | 1.89x |
| LI | 18.0 | 0.19 | 19.27 | 6 (2026-05-22) | 80.10% | 1.06% | 1.42x |
| LI | 19.0 | 0.2 | 19.27 | 1 (2026-05-15) | 64.29% | 1.05% | 1.40x |
| LI | 18.0 | 0.35 | 19.27 | 11 (2026-05-29) | 74.53% | 1.94% | 1.39x |
| LI | 18.0 | 0.46 | 19.27 | 16 (2026-06-05) | 72.23% | 2.56% | 1.33x |
| LI | 18.0 | 0.75 | 19.27 | 25 (2026-06-18) | 68.55% | 4.17% | 1.33x |
| LI | 17.0 | 0.22 | 19.27 | 11 (2026-05-29) | 84.52% | 1.29% | 1.28x |
| LI | 17.0 | 0.32 | 19.27 | 16 (2026-06-05) | 81.51% | 1.88% | 1.27x |
| LI | 17.0 | 0.46 | 19.27 | 25 (2026-06-18) | 78.64% | 2.71% | 1.24x |
| LI | 16.5 | 0.25 | 19.27 | 16 (2026-06-05) | 85.44% | 1.52% | 1.22x |
| LI | 18.5 | 0.09 | 19.27 | 1 (2026-05-15) | 81.36% | 0.49% | 1.22x |
| LI | 19.0 | 2.03 | 19.27 | 91 (2026-09-18) | 57.99% | 10.68% | 1.18x |
| LI | 18.0 | 1.6 | 19.27 | 91 (2026-09-18) | 65.09% | 8.89% | 1.17x |
| LI | 17.0 | 1.14 | 19.27 | 91 (2026-09-18) | 72.05% | 6.71% | 1.14x |
| LI | 17.0 | 1.75 | 19.27 | 176 (2027-01-15) | 70.19% | 10.29% | 1.11x |
| LI | 16.0 | 0.68 | 19.27 | 91 (2026-09-18) | 79.72% | 4.25% | 1.10x |
| LI | 13.0 | 0.11 | 19.27 | 25 (2026-06-18) | 95.26% | 0.85% | 1.08x |
| LI | 13.0 | 0.77 | 19.27 | 176 (2027-01-15) | 86.32% | 5.92% | 1.07x |
| LI | 15.0 | 0.07 | 19.27 | 16 (2026-06-05) | 95.09% | 0.47% | 1.07x |
| LI | 15.0 | 0.09 | 19.27 | 25 (2026-06-18) | 94.22% | 0.60% | 1.06x |
| LI | 13.0 | 0.28 | 19.27 | 91 (2026-09-18) | 91.56% | 2.15% | 1.06x |
| LI | 18.0 | 0.02 | 19.27 | 1 (2026-05-15) | 95.43% | 0.11% | 1.05x |
| LI | 14.0 | 0.07 | 19.27 | 25 (2026-06-18) | 95.95% | 0.50% | 1.05x |
| LI | 5.0 | 0.05 | 19.27 | 176 (2027-01-15) | 99.02% | 1.00% | 1.01x |